Consolidated Returns; Intercompany Obligations; Hearing, 9972 [08-822]
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9972
Federal Register / Vol. 73, No. 37 / Monday, February 25, 2008 / Proposed Rules
Partial withdrawal of notice of
proposed rulemaking.
ACTION:
DEPARTMENT OF THE INTERIOR
Internal Revenue Service
This document withdraws a
portion of a notice of proposed
rulemaking (REG–107592–00) published
in the Federal Register on September
28, 2007 (72 FR 55139). The withdrawn
portion relates to the treatment of
transactions involving the provision of
insurance between members of a
consolidated group.
DEPARTMENT OF THE TREASURY
Fish and Wildlife Service
26 CFR Part 1
50 CFR Part 14
[REG–107592–00]
[FWS–R9–LE–2008–0024; 99011–1224–
0000–9B]
SUMMARY:
RIN 1018–AV31
RIN 1545–BA11
Consolidated Returns; Intercompany
Obligations; Hearing
Importation, Exportation, and
Transportation of Wildlife; Inspection
Fees, Import/Export Licenses, and
Import/Export License Exemptions
Internal Revenue Service (IRS),
Treasury.
AGENCY:
FOR FURTHER INFORMATION CONTACT:
Frances L. Kelly, (202) 622–7770 (not a
toll-free number).
AGENCY:
SUPPLEMENTARY INFORMATION:
ACTION:
Cancellation of notice of public
hearing on proposed rulemaking.
Background
On September 28, 2007, the IRS and
the Treasury Department published a
notice of proposed rulemaking (REG–
107592–00) in the Federal Register (72
FR 55139) which proposed to amend
§ 1.1502–13(g) (regarding the treatment
of transactions involving obligations
between members of a consolidated
group) and to add § 1.1502–
13(e)(2)(ii)(C) (regarding the treatment of
certain transactions involving the
provision of insurance between
members of a consolidated group).
Under proposed § 1.1502–
13(e)(2)(ii)(C), certain intercompany
insurance transactions would be taken
into account on a single entity basis.
Written comments were received with
respect to proposed § 1.1502–
13(e)(2)(ii)(C). After consideration of
these comments, the IRS and the
Treasury Department have decided to
withdraw proposed § 1.1502–
13(e)(2)(ii)(C). However, the IRS and the
Treasury Department continue to study
whether revisions to the rules for
intercompany transactions are necessary
to clearly reflect the taxable income of
consolidated groups.
List of Subjects in 26 CFR Part 1
Income taxes, Reporting and
recordkeeping requirements.
rfrederick on PROD1PC67 with PROPOSALS
Partial Withdrawal of a Notice of
Proposed Rulemaking
Accordingly, under the authority of
26 U.S.C. 7805 and 26 U.S.C. 1502,
§ 1.1502–13(e)(2)(ii)(C) of the notice of
proposed rulemaking (REG–107592–00)
that was published in the Federal
Register on September 28, 2007 (72 FR
55139) is withdrawn.
Linda E. Stiff,
Deputy Commissioner for Services and
Enforcement.
[FR Doc. 08–823 Filed 2–20–08; 8:48 am]
SUMMARY: This document cancels a
public hearing on proposed regulations
regarding the treatment of transactions
involving obligations between members
of a consolidated group and the
treatment of transactions involving the
provision of insurance between
members of a consolidated group.
The public hearing, originally
scheduled for Friday, February 29, 2008,
at 10 a.m. is cancelled.
DATES:
FOR FURTHER INFORMATION CONTACT:
Funmi Taylor of the Publications and
Regulations Branch, Legal Processing
Division, Associate Chief Counsel
(Procedure and Administration) at (202)
622–3628 (not a toll-free number).
A notice
of public hearing that appeared in the
Federal Register on Thursday, January
24, 2008 (73 FR 4131) announced that
a public hearing was scheduled for
Friday, February 29, 2008, at 10 a.m., in
the IRS Auditorium, Internal Revenue
Building, 1111 Constitution Avenue,
NW., Washington, DC. The subject of
the public hearing was the notice of
proposed rulemaking (REG–107592–00)
that was published in the Federal
Register on Friday, September 28, 2007
(72 FR 55139). Specifically, the hearing
was to address the addition of proposed
§ 1.1502–13(e)(2)(ii)(C). Proposed
regulation § 1.1502–13(e)(2)(ii)(C), that
was the subject of the hearing, has been
withdrawn. Therefore the public
hearing scheduled for February 29,
2008, is cancelled.
SUPPLEMENTARY INFORMATION:
LaNita Van Dyke,
Chief, Publications and Regulations Branch,
Legal Processing Division, Associate Chief
Counsel (Procedure and Administration).
[FR Doc. 08–822 Filed 2–20–08; 8:48 am]
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Fish and Wildlife Service,
Interior.
ACTION: Proposed rule; notice of
meeting.
SUMMARY: We propose to revise subpart
I—Import/Export Licenses, of title 50 of
the Code of Federal Regulations, part 14,
(50 CFR 14) to clarify the import/export
license and fee requirements, adjust the
user fee schedule and update license
and user fee exemptions. We propose to
clarify when an import/export license is
required by persons who engage in the
business of importing and exporting
wildlife as well as change the license
requirement exemptions. Revised
regulations will help those importing
and exporting wildlife better understand
when an import/export license is
required and will allow us to
consistently apply these requirements.
We also propose to change our user fee
structure for the importation and
exportation of wildlife and the fee
exemptions. We propose to generally
increase these fees and publish the
changes for 2008 through 2012. We
determined that these fees must be
adjusted every year to cover the
increased cost of providing these
services. By publishing these user fee
changes in advance, importers and
exporters can accurately predict the
costs of importing and exporting
wildlife several years in advance.
DATES: We will accept comments
received or postmarked on or before
April 25, 2008. See the SUPPLEMENTARY
INFORMATION section for information on
the date of the public meeting.
ADDRESSES: You may submit comments
by one of the following methods:
• Federal eRulemaking portal at:
https://www.regulations.gov. Follow the
instructions for submitting comments.
• U.S. mail or hand-delivery: Public
Comments Processing, Attn: [RIN 1018–
AV31]; Division of Policy and Directives
Management; U.S. Fish and Wildlife
Service; 4401 N. Fairfax Drive, Suite
222; Arlington, VA 22203.
We will not accept e-mail or faxes. We
will post all comments on https://
E:\FR\FM\25FEP1.SGM
25FEP1
]]>Agencies
[Federal Register Volume 73, Number 37 (Monday, February 25, 2008)]
[Proposed Rules]
[Page 9972]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 08-822]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[REG-107592-00]
RIN 1545-BA11
Consolidated Returns; Intercompany Obligations; Hearing
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Cancellation of notice of public hearing on proposed
rulemaking.
-----------------------------------------------------------------------
SUMMARY: This document cancels a public hearing on proposed regulations
regarding the treatment of transactions involving obligations between
members of a consolidated group and the treatment of transactions
involving the provision of insurance between members of a consolidated
group.
DATES: The public hearing, originally scheduled for Friday, February
29, 2008, at 10 a.m. is cancelled.
FOR FURTHER INFORMATION CONTACT: Funmi Taylor of the Publications and
Regulations Branch, Legal Processing Division, Associate Chief Counsel
(Procedure and Administration) at (202) 622-3628 (not a toll-free
number).
SUPPLEMENTARY INFORMATION: A notice of public hearing that appeared in
the Federal Register on Thursday, January 24, 2008 (73 FR 4131)
announced that a public hearing was scheduled for Friday, February 29,
2008, at 10 a.m., in the IRS Auditorium, Internal Revenue Building,
1111 Constitution Avenue, NW., Washington, DC. The subject of the
public hearing was the notice of proposed rulemaking (REG-107592-00)
that was published in the Federal Register on Friday, September 28,
2007 (72 FR 55139). Specifically, the hearing was to address the
addition of proposed Sec. 1.1502-13(e)(2)(ii)(C). Proposed regulation
Sec. 1.1502-13(e)(2)(ii)(C), that was the subject of the hearing, has
been withdrawn. Therefore the public hearing scheduled for February 29,
2008, is cancelled.
LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division,
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 08-822 Filed 2-20-08; 8:48 am]
BILLING CODE 4830-01-P
