Table of Contents

• Notice 2005-73
  • PURPOSE
  • BACKGROUND
    • Summary of the Acts for Which a Period May be Disregarded
    • Affected Taxpayers Whose Acts May be Postponed
  • SUMMARY OF RELIEF GRANTED WITH RESPECT TO HURRICANE KATRINA
  • DRAFTING INFORMATION
• Notice 2005-74
  • SECTION 1. OVERVIEW
  • SECTION 2. BACKGROUND
  • SECTION 3. EFFECT OF CERTAIN ASSET REORGANIZATIONS ON GAIN RECOGNITION AGREEMENTS
    • .01 Definition of the Terms Asset Reorganization, Consolidated Group, and Common Parent
    • .02 Transfers of Transferee Foreign Corporation’s Stock by U.S. Transferor
    • .03 Transfers of Transferred Corporation’s Stock or Securities by Transferee Foreign Corporation to a Foreign Acquiring Corporation
    • .04 Transfers of Substantially All of Transferred Corporation’s Assets
  • SECTION 4. OTHER MODIFICATIONS
    • .01 Modification of Treas. Reg. § 1.367(a)-8(f)(2)(i)
    • .02 Certain Nonrecognition Transfers of Stock of the Transferee Foreign Corporation by the U.S. Transferor under Treas. Reg. § 1.367(a)-8(g)(1)
    • .03 Basis of Transferred Stock for Purposes of Treas. Reg. § 1.367(a)-8(h)(3)
  • SECTION 5. EFFECTIVE DATE
  • SECTION 6. COMMENTS
  • SECTION 7. PAPERWORK REDUCTION ACT
  • SECTION 8. DRAFTING INFORMATION
• Rev. Proc. 2005-67
  • SECTION 1. PURPOSE
  • SECTION 2. BACKGROUND AND CHANGES
  • SECTION 3. DEFINITIONS
  • SECTION 4. PER DIEM SUBSTANTIATION METHOD
  • SECTION 5. HIGH-LOW SUBSTANTIATION METHOD
  • SECTION 6. LIMITATIONS AND SPECIAL RULES
  • SECTION 7. APPLICATION
  • SECTION 8. WITHHOLDING AND PAYMENT OF EMPLOYMENT TAXES
  • SECTION 9. EFFECTIVE DATE
  • SECTION 10. EFFECT ON OTHER DOCUMENTS
  • DRAFTING INFORMATION