---
kind: "section"
citation: "5 C.F.R. § 2634.1002"
title: "5"
number: "2634.1002"
heading: "Role of the Internal Revenue Service."
url: "https://uscodex.org/cfr/5/2634.1002"
---

# §2634.1002. Role of the Internal Revenue Service.


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](/cfr/5/1043.md) not to recognize capital gains; and
- (b) **Should consult a personal tax advisor or the IRS for guidance on these matters.**

## Notes

### Authority

Authority: 5 U.S.C. ch. 131; 26 U.S.C. 1043; Pub. L. 101-410, 104 Stat. 890, 28 U.S.C. 2461 note, as amended by sec. 31001, Pub. L. 104-134, 110 Stat. 1321 and sec. 701, Pub. L. 114-74; Pub. L. 112-105, 126 Stat. 291; E.O. 12674, 54 FR 15159, 3 CFR, 1989 Comp., p. 215, as modified by E.O. 12731, 55 FR 42547, 3 CFR, 1990 Comp., p. 306.

### Source

Source: 83 FR 33981, July 18, 2018, unless otherwise noted.