On 1 July 2019, a correction document from the U.S. IRS and Treasury was published in the Federal Register in relation to the final regulations on Recognition and Deferral of Section 987 Gain or Loss (TD 9857), which contain errors that need to be corrected
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SUMMARY:
This document contains corrections to final regulations (TD 9857) that were published in the Federal Register on Monday, May 13, 2019. The final regulations are relating to combinations and separations of qualified busine…