[Federal Register Volume 83, Number 196 (Wednesday, October 10, 2018)]
[Proposed Rules]
[Page 50864]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-22022]



Internal Revenue Service

26 CFR Part 1

RIN 1545-BO51

Availability of Additional Guidance Under Section 965

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of Proposed Rulemaking; notice of availability.


SUMMARY: This document announces the availability of additional 
guidance regarding the transition tax under section 965 issued as 
Notice 2018-78.

DATES: Notice 2018-78 was made available on the Internal Revenue 
Service (IRS) website on October 1, 2018, and will be published in the 
Internal Revenue Bulletin on October 15, 2018.

ADDRESSES: Notice 2018-78 is available on the IRS website at https://www.irs.gov/pub/irs-drop/n-18-78.pdf and at the Federal eRulemaking 
Portal at http://www.regulations.gov (under REG-104226-18).

FOR FURTHER INFORMATION CONTACT: Leni C. Perkins at (202) 317-6934.

SUPPLEMENTARY INFORMATION: On August 9, 2018, the Department of the 
Treasury (``Treasury Department'') and the IRS published in the Federal 
Register (83 FR 39514) a notice of proposed rulemaking (REG-104226-18), 
which contained proposed Sec. Sec.  1.962-1 and 1.962-2, 1.965-1 
through 1.965-9, and 1.986(c)-1 (the ``proposed regulations''). The 
proposed regulations relate to section 965 of the Internal Revenue 
Code. On October 1, 2018, the Treasury Department and the IRS issued 
Notice 2018-78, which contained additional guidance relating to section 
965 and the proposed regulations. The notice was issued in advance of 
final regulations under section 965 due to the imminent filing 
deadlines that could otherwise apply to the forms and elections 
described therein.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 2018-22022 Filed 10-9-18; 8:45 am]