Final and temporary regulations under Chapters 3 and 61 | KPMG | US
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KPMG report: Final and temporary regulations under Chapters 3 and 61

Final and temporary regulations under Chapters 3 and 61

The U.S. Treasury Department and IRS in late December 2016 released final and temporary regulations under chapters 3 and 61 of the Internal Revenue Code. The regulations finalize the 2014 proposed regulations with “minor changes.” The regulations also incorporate the transitional guidance that was released in the interim.


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Both sets of regulations contain modifications resulting from industry comments. Specific highlights and discussion of these modifications are set forth in a report prepared by KPMG LLP.


Read a January 2017 report [PDF 1.9 MB] prepared by KPMG LLP: Final and temporary regulations under Chapters 3 and 61

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