[Federal Register Volume 80, Number 108 (Friday, June 5, 2015)]
[Rules and Regulations]
[Pages 31995-31996]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-13796]



Internal Revenue Service

26 CFR Part 1

[TD 9713]
RIN 1545-BL46; RIN 1545-BM60

Reporting for Premium; Basis Reporting by Securities Brokers and 
Basis Determination for Debt Instruments and Options; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Temporary regulations; correcting amendments.


SUMMARY: This document contains amendments to temporary regulations 
relating to information reporting by brokers for transfers of debt 
instruments. The amendments change the applicability date of the 
temporary regulations for reporting certain information on a transfer 
statement from June 30, 2015, to January 1, 2016. The amendments to the 
temporary regulations will provide guidance to brokers and their 

DATES: Effective Date: These amendments are effective on June 5, 2015.
    Applicability Date: For the date of applicability, see Sec.  
1.6045A-1T(f), as corrected.

FOR FURTHER INFORMATION CONTACT: Pamela Lew at (202) 317-7053 (not a 
toll-free number).



    The temporary regulations that are the subject of these amendments 
are under section 6045A of the Internal Revenue Code. The temporary 
regulations (TD 9713) were published in the Federal Register on Friday, 
March 13, 2015 (80 FR 13233).

Need for Amendments

    Under Sec.  1.6045A-1, a broker is required to provide certain 
information relating to a transfer of a debt instrument that is a 
covered security on a transfer statement. Section 1.6045A-1T(f) 
requires a broker to provide certain additional information on the 
transfer statement. Section 1.6045A-1T(f) applies to a transfer that 
occurs on or after June 30, 2015. After the publication of the 
temporary regulations, the Treasury Department and the IRS received 
comments requesting that the applicability date of the regulations be 
delayed until January 1, 2016. In response to these comments, this 
document amends the applicability

[[Page 31996]]

date to make the regulations apply to transfers that occur on or after 
January 1, 2016.

List of Subjects in 26 CFR Part 1

    Income taxes, Reporting and recordkeeping requirements.

Amendments to the Regulations

    Accordingly, 26 CFR part 1 is corrected by making the following 
correcting amendments:


Paragraph 1. The authority citation for part 1 continues to read in 
part as follows:

    Authority:  26 U.S.C. 7805 * * *

Par. 2. Section 1.6045A-1T is amended by:
1. Revising the second sentence in paragraph (f).
2. Adding a sentence at the end of paragraph (f).
    The revision and addition read as follows:

Sec.  1.6045A-1T  Statements of information required in connection with 
transfers of securities (temporary).

* * * * *
    (f) * * * This paragraph (f) applies to a transfer that occurs on 
or after January 1, 2016. A broker, however, may rely on this paragraph 
(f) for a transfer of a covered security that occurs on or after June 
30, 2015, and before January 1, 2016.
* * * * *

Martin V. Franks,
Branch Chief, Publications & Regulations Branch, Legal Processing 
Division, Associate Chief Counsel (Procedure & Administration).
[FR Doc. 2015-13796 Filed 6-4-15; 8:45 am]