On February 12, 2024, TEI submitted comments regarding REG-132422-17 addressing recognition and deferral of section 987 gain or loss. TEI's comments included several simplifying recommendations to ease the compliance burden on taxpayers, a request to defer the effective date of any final regulations, and how to address suspended losses. Benjamin R. Shreck, TEI Tax Counsel, coordinated the preparation of TEI's comments.
Committee