Role of the Internal Revenue Service.

CFR · 2024-01-01 · US · Title 5

The Internal Revenue Service (IRS) has jurisdiction over the tax aspects of a divestiture made pursuant to a Certificate of Divestiture. Eligible persons seeking to defer capital gains: (a) Must follow IRS requirements for reporting dispositions of property and electing under section 1043 not to recognize capital gains; and (b) Should consult a personal tax advisor or the IRS for guidance on these matters.

official document · source cfr-2024 · id 5:§ 2634.1002