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Introduction

SECTION 1. PURPOSE

Internal Revenue Bulletin 2018-42 · 2026-10-03 edition · updated 2026-10-04 · United States

This notice announces that the Department of the Treasury (Treasury Department) and the Internal Revenue Service (IRS) intend to issue proposed regulations under section 451(b) of the Internal Revenue Code that will address the applicability of section 451(b) to market discount as defined in section 1278(a)(2). Section 451(b) was added on December 22, 2017, by section 13221 of An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018, Pub. L. No. 115–97, 131 Stat. 2054, 2116 (2017).

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▸Contents — Internal Revenue Bulletin 2018-42
Internal Revenue Bulletin 2018-42

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