KPMG PPT - Tax Executives Institute, Inc.
KPMG PPT - Tax Executives Institute, Inc.
KPMG PPT - Tax Executives Institute, Inc.
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Proposed CERT Rules<br />
On September 13, 2012, the IRS and Treasury issued proposed<br />
regulations addressing CERTs<br />
► The proposed regulations address:<br />
►<br />
►<br />
►<br />
General CERT rules<br />
►<br />
►<br />
►<br />
►<br />
►<br />
Identification of CERT costs<br />
<strong>Tax</strong>-free transactions<br />
Interaction of EDs and MSAs<br />
Limited prior history<br />
Successor rules<br />
Consolidated CERT rules<br />
►<br />
►<br />
►<br />
►<br />
Guidance on single vs. separate entity<br />
Treatment on intercompany transactions<br />
Spread of CERT taint<br />
Allocation of CERT “attributes”<br />
► Interest history<br />
► CERT costs<br />
Carryback Waivers<br />
©2012 <strong>KPMG</strong> LLP, a Delaware limited liability partnership and the U.S. member firm of the <strong>KPMG</strong> network of independent member<br />
firms affiliated with <strong>KPMG</strong> International Cooperative (“<strong>KPMG</strong> International”), a Swiss entity. All rights reserved.<br />
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