5 C.F.R. § 2634.1002 Role of the Internal Revenue Service.
Title 5 - Administrative Personnel
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.
Title 5: Administrative Personnel
PART 2634—EXECUTIVE BRANCH FINANCIAL DISCLOSURE, QUALIFIED TRUSTS, AND CERTIFICATES OF DIVESTITURE
Subpart J—Certificates of Divestiture
§ 2634.1002 Role of the Internal Revenue Service.
