Daily Tax Update - June 20, 2016: IRS Schedules Public Hearing on Proposed Debt-Equity Regulations

IRS Schedules Public Hearing on Proposed Debt-Equity Regulations:  Today, the IRS announced a July 14 public hearing on the proposed rules on related-party financing under Code section 385.  The announcement also noted that comments are still being accepted on these proposed regulations and must be received by July 7.  For prior coverage of these proposed rules, click here.