Code of Federal Regulations · Section
§ 2634.1002 — Role Of The Internal Revenue Service
5 C.F.R. § 2634.1002
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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.
Authorizing Statute
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Mode of recovery28 U.S.C. § 2461
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Sale of property to comply with conflict-of-interest requirements26 U.S.C. § 1043