
Tax blog
📉 Withdrawal of IRS Proposed Regulations on Built-in Gains & Losses
🚨 Impacts for Corporations Undergoing Ownership Changes 🧾 Background In September 2019, the IRS issued proposed regulations (Reg-125710-18) under Internal Revenue Code Section 382(h) to provide new rules on how net unrealized built-in gains (NUBIG) and losses (NUBIL) should be