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2009-13

Type
Rev Proc
Subject
6.05 - Earnings & Profits - Computation
Keywords
Earnings and Profits
Computation Resulting from Cancellation of Debt Income Deferral under Section 108(i)
Cancellation of Debt Income
Year
2009
IRS Link
http://www.irs.gov/pub/irs-drop/rp-09-37.pdf
Summary

In largely procedural guidance concerning the election to defer CODI under section 108(i), the IRS states that it will issue regulations providing that REIT E&P is increased in the year income is recognized, rather than the year deferred.

Title
Rev. Proc. 2009-37
Guidance Tags
Rev Proc - Rev. Proc. 2009-37