Comment Letter to the IRS on Proposed Regulations Under Section 385

Wednesday, July 6, 2016 - 1:15pm

The U.S. Chamber submitted detailed written comments on the Treasury Department’s proposed debt-equity regulations under Section 385 (REG-108060-15). The Chamber strongly urges withdrawal of these proposed regulations in favor of guidance more carefully targeted at clearly abusive situations. If these proposed rules are not withdrawn, numerous revisions should be made to the regulations as currently proposed, including delaying the effective dates.