Article examines burdensome regulations

The Treasury Department has identified several regulations as burdensome, according to a recent Journal of Accountancy article, "Treasury identifies 8 regulations as burdensome." They include the regulations under Sec. 385 implementing rules that would re-characterize certain transactions between related parties that are ostensibly debt as equity, curbing the practice of “earnings stripping,” and proposed regulations under Sec. 2704 that would prevent taxpayers from taking certain estate valuation discounts.