N-2017-07: Foreign currency guidance under section 987

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December 22, 2016

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Issue Number: N-2017-07

Inside This Issue

Notice 2017-07 modifies the effective dates in the §1.987-12T deferral rule (published in December 2016 in TD 9795) to apply to any deferral event or outbound loss event that occurs as a result of an entity classification election made under §301.7701-3.

Notice 2017-07 will be in IRB 2017-03, dated 1/17/2017.

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