Guidance Under Section 1502; Amendment of Matching Rule for Certain Gains on Member Stock; Correction, 18160 [E8-6883]
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Federal Register / Vol. 73, No. 65 / Thursday, April 3, 2008 / Rules and Regulations
‘‘Background’’, lines 3 through 5 from
the bottom of the column, the language
‘‘extent ‘‘the Commissioner determines
that treating S’s intercompany item as
excluded from gross income is
consistent with the purposes of
§ 1.1502–13 and other provisions of the’’
is corrected to read ‘‘extent ‘‘[t]he
Commissioner determines that treating
S’s intercompany item as excluded from
gross income is consistent with the
purposes of [§ 1.1502–13] and other
provisions of the’’.
LaNita Van Dyke,
Chief, Publications and Regulations Branch,
Legal Processing Division, Associate Chief
Counsel (Procedure and Administration).
[FR Doc. E8–6879 Filed 4–2–08; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
that may prove to be misleading and is
in need of clarification.
List of Subjects in 26 CFR Part 1
Income taxes, Reporting and
recordkeeping requirements.
Correction of Publication
Accordingly, 26 CFR part 1 is
corrected by making the following
correcting amendment:
I
PART 1—INCOME TAXES
Paragraph 1. The authority citation
for part 1 continues to read in part as
follows:
I
Authority: 26 U.S.C. 7805 * * *
I Par. 2. Section 1.1502–13T is
amended by revising the introductory
text of paragraph (c)(6)(ii)(C)(1) to read
as follows:
Internal Revenue Service
§ 1.1502–13T
(temporary).
26 CFR Part 1
*
[TD 9383]
RIN 1545–BH21
Guidance Under Section 1502;
Amendment of Matching Rule for
Certain Gains on Member Stock;
Correction
Internal Revenue Service (IRS),
Treasury.
ACTION: Correcting amendment.
AGENCY:
This document contains a
correction to final and temporary
regulations (TD 9383) that were
published in the Federal Register on
Friday, March 7, 2008 (73 FR 12265).
Concerning the treatment of certain
intercompany gain with respect to
consolidated group member stock.
These amendments provide for the
redetermination of an intercompany
gain as excluded from gross income in
certain member stock transactions.
These regulations affect corporations
filing consolidated returns.
DATES: This correction is effective April
3, 2008.
FOR FURTHER INFORMATION CONTACT: John
F. Tarrant or Ross E. Poulsen, (202) 622–
7790 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
jlentini on PROD1PC65 with RULES
SUMMARY:
Background
The final and temporary regulations
that are the subject of this document are
under section 1502 of the Internal
Revenue Code.
Need for Correction
As published, final and temporary
regulations (TD 9383) contain an error
VerDate Aug<31>2005
17:54 Apr 02, 2008
Jkt 214001
Intercompany transactions
*
*
*
*
(c) * * *
(6) * * *
(ii) * * *
(C) * * *
(1) In general. Notwithstanding
paragraph (c)(6)(ii)(A)(1), intercompany
gain with respect to member stock is
redetermined to be excluded from gross
income to the extent that—
*
*
*
*
*
LaNita Van Dyke,
Chief, Publications and Regulations Branch,
Legal Processing Division, Associate Chief
Counsel (Procedure and Administration).
[FR Doc. E8–6883 Filed 4–2–08; 8:45 am]
BILLING CODE 4830–01–P
NATIONAL ARCHIVES AND RECORDS
ADMINISTRATION
36 CFR Part 1253
RIN 3095–AB57
[Docket NARA–08–0001]
Locations and Hours; Changes in
NARA Research Room Hours
National Archives and Records
Administration (NARA).
ACTION: Final rule; confirmation of
interim rule.
AGENCY:
SUMMARY: NARA is revising its
regulations to increase the number of
hours its archival research rooms are
open in the Washington, DC, area. In
response to an interim final rule
published on February 1, 2008, we
received 53 comments, which are
discussed in the SUPPLEMENTARY
PO 00000
Frm 00012
Fmt 4700
Sfmt 4700
INFORMATION section of this preamble.
This final rule document confirms
without change to the rule the effective
date of the regulation.
Effective Date: The interim rule
amending published on February 1,
2008 (73 FR 6030), is adopted as a final
rule, effective April 14, 2008.
DATES:
FOR FURTHER INFORMATION CONTACT:
Nancy Allard at 301–837–1477 or
Jennifer Davis Heaps at 301–837–1801
or via fax number 301–837–0319.
NARA
published an interim final rule on
February 1, 2008 (73 FR 6030) to restore
extended evening and Saturday research
room hours in its Washington, DC, area
archival research rooms, effective April
14, 2008. The research rooms will be
open from 9 a.m. to 5 p.m. on Monday,
Tuesday, and Saturday. On Wednesday,
Thursday, and Friday they will be open
from 9 a.m. to 9 p.m.
We received 53 comments on the
interim final rule from individuals and
representatives of organizations, all
supportive of the increased hours.
While one comment expressed
disappointment with the choice of
evenings because the extended hours
overlap with the Library of Congress, a
number of comments specifically
endorsed having three consecutive
evenings and Saturday to maximize the
cost-effectiveness of research room use
by out-of-town researchers.
Seven comments requested that
NARA provide additional ‘‘record pull
times’’ for retrieving records from the
stacks for use in the research rooms on
Saturdays and, in one case, weekdays.
As we noted in the interim final rule, we
are restoring the late afternoon time for
pulling records from the stacks on the
three weekdays that we are open in the
evening, but we have never had
Saturday ‘‘pull’’ service. We recognize
that this would be a useful service to
researchers who only use the research
rooms on Saturdays, but we are unable
to adopt the suggestion. The FY 2008
appropriation that is permitting us to
restore extended hours does not cover
adding staff to provide this additional
new service. As a result, the finding aids
room is open but there is no archival
consultation. It is these archival
professionals who would be needed to
ensure successful records pulls. Every
records request slip submitted is
checked for accurate pull information
by an archivist or specialist. We also do
not have the pull and refile manager or
pull and refile technicians available on
Saturdays.
SUPPLEMENTARY INFORMATION:
E:\FR\FM\03APR1.SGM
03APR1
]]>Agencies
[Federal Register Volume 73, Number 65 (Thursday, April 3, 2008)]
[Rules and Regulations]
[Page 18160]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-6883]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9383]
RIN 1545-BH21
Guidance Under Section 1502; Amendment of Matching Rule for
Certain Gains on Member Stock; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Correcting amendment.
-----------------------------------------------------------------------
SUMMARY: This document contains a correction to final and temporary
regulations (TD 9383) that were published in the Federal Register on
Friday, March 7, 2008 (73 FR 12265). Concerning the treatment of
certain intercompany gain with respect to consolidated group member
stock. These amendments provide for the redetermination of an
intercompany gain as excluded from gross income in certain member stock
transactions. These regulations affect corporations filing consolidated
returns.
DATES: This correction is effective April 3, 2008.
FOR FURTHER INFORMATION CONTACT: John F. Tarrant or Ross E. Poulsen,
(202) 622-7790 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The final and temporary regulations that are the subject of this
document are under section 1502 of the Internal Revenue Code.
Need for Correction
As published, final and temporary regulations (TD 9383) contain an
error that may prove to be misleading and is in need of clarification.
List of Subjects in 26 CFR Part 1
Income taxes, Reporting and recordkeeping requirements.
Correction of Publication
0
Accordingly, 26 CFR part 1 is corrected by making the following
correcting amendment:
PART 1--INCOME TAXES
0
Paragraph 1. The authority citation for part 1 continues to read in
part as follows:
Authority: 26 U.S.C. 7805 * * *
0
Par. 2. Section 1.1502-13T is amended by revising the introductory text
of paragraph (c)(6)(ii)(C)(1) to read as follows:
Sec. 1.1502-13T Intercompany transactions (temporary).
* * * * *
(c) * * *
(6) * * *
(ii) * * *
(C) * * *
(1) In general. Notwithstanding paragraph (c)(6)(ii)(A)(1),
intercompany gain with respect to member stock is redetermined to be
excluded from gross income to the extent that--
* * * * *
LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division,
Associate Chief Counsel (Procedure and Administration).
[FR Doc. E8-6883 Filed 4-2-08; 8:45 am]
BILLING CODE 4830-01-P
