Guidance Under Sections 642 and 643 (Income Ordering Rules); Hearing, 56535 [E8-22823]
Download as PDF
<![CDATA[
Federal Register / Vol. 73, No. 189 / Monday, September 29, 2008 / Proposed Rules
public hearing scheduled for October 8,
2008, is cancelled.
DEPARTMENT OF THE TREASURY
Internal Revenue Service
LaNita Van Dyke,
Chief, Publications and Regulations Branch,
Legal Processing Division, Associate Chief
Counsel (Procedure and Administration).
[FR Doc. E8–22823 Filed 9–26–08; 8:45 am]
26 CFR Part 1
[REG–101258–08]
BILLING CODE 4830–01–P
RIN 1545–BH66
Guidance Under Sections 642 and 643
(Income Ordering Rules); Hearing
Internal Revenue Service (IRS),
Treasury.
ACTION: Cancellation of notice of public
hearing on proposed rulemaking.
AGENCY:
This document cancels a
public hearing on proposed rulemaking
providing guidance under Internal
Revenue Code section 642(c) with
regard to the Federal tax consequences
of an ordering provision in a trust, a
will, or a provision of local law that
attempts to determine the tax character
of the amounts paid to a charitable
beneficiary of the trust or estate. The
proposed regulations also make
conforming amendments to the
regulations under section 643(a)(5). The
proposed regulations affect estates,
charitable lead trusts (CLTs) and other
trusts making payments or permanently
setting aside amounts for a charitable
purpose.
SUMMARY:
The public hearing, originally
scheduled for October 8, 2008, at 10
a.m., is cancelled.
FOR FURTHER INFORMATION CONTACT:
Richard A. Hurst of the Publications and
Regulations Branch, Legal Processing
Division, Associate Chief Counsel
(Procedure and Administration), at
Richard.A.Hurst@irscounsel.treas.gov.
DATES:
A notice
of public hearing that appeared in the
Federal Register on Wednesday, June
18, 2008 (73 FR 34670), announced that
a public hearing was scheduled for
October 8, 2008, at 10 a.m., in the
auditorium, Internal Revenue Building,
1111 Constitution Avenue, NW.,
Washington, DC. The subject of the
public hearing is under sections 642 and
643 of the Internal Revenue Code.
The public comment period for these
regulations expired on September 16,
2008. Outlines of topics to be discussed
at the hearing were due on September
18, 2008. The notice of proposed
rulemaking and notice of public hearing
instructed those interested in testifying
at the public hearing to submit an
outline of the topics to be addressed. As
of Monday, September 22, 2008, no one
has requested to speak. Therefore, the
hsrobinson on PROD1PC76 with PROPOSALS
SUPPLEMENTARY INFORMATION:
VerDate Aug<31>2005
17:34 Sep 26, 2008
Jkt 214001
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[REG–143544–04]
RIN 1545–BD84
Regulations Enabling Elections for
Certain Transactions Under Section
336(e); Correction
56535
Election’’, line 2 from the bottom of the
column, the language ‘‘1(b)(4)(iii),
1.336–1(b)(11), and 1.338–’’ is corrected
to read ‘‘1(b)(4)(iii) and 1.336–1(b)(11),
and § 1.338–’’.
§ 1.336–2
[Corrected]
2. On page 49973, column 3, § 1.336–
2(b)(1)(i)(B)(3) Example 2.(i), line 5, the
language ‘‘class of Target Subsidiary
common stock’’ is corrected to read
‘‘class of Target Subsidiary stock’’.
3. On page 49975, column 2, § 1.336–
2(b)(2)(v), line 10, the language
‘‘unrelated person and the subsidiary’s’’
is corrected to read ‘‘unrelated person
and the new subsidiary’s’’.
LaNita Van Dyke,
Chief, Publications and Regulations Branch,
Legal Processing Division, Associate Chief
Counsel (Procedure and Administration).
[FR Doc. E8–22822 Filed 9–26–08; 8:45 am]
Internal Revenue Service (IRS),
Treasury.
ACTION: Correction to notice of proposed
rulemaking.
BILLING CODE 4830–01–P
SUMMARY: This document contains
corrections to a notice of proposed
rulemaking (REG–143544–04) that was
published in the Federal Register on
Monday, August 25, 2008 (73 FR 49965)
under section 336(e) of the Internal
Revenue Code. The proposed
regulations, when finalized, would
permit taxpayers to make an election to
treat certain sales, exchanges, and
distributions of another corporation’s
stock as taxable sales of that
corporation’s assets. These proposed
regulations will affect corporations and
their shareholders.
FOR FURTHER INFORMATION CONTACT:
Mark J. Weiss, (202) 622–7750 (not a
toll-free number).
SUPPLEMENTARY INFORMATION:
Internal Revenue Service
AGENCY:
Background
The correction notice that is the
subject of this document is under
sections 336 and 338 of the Internal
Revenue Code.
Need for Correction
As published, the notice of proposed
rulemaking (REG–143544–04) contains
errors that may prove to be misleading
and are in need of clarification.
Correction of Publication
Accordingly, the publication of the
notice of proposed rulemaking (REG–
143544–04), which was the subject of
FR Doc. E8–19603, is corrected as
follows:
1. On page 49967, column 2, in the
preamble, under the paragraph heading
‘‘2. Requirements for a Section 336(e)
PO 00000
Frm 00023
Fmt 4702
Sfmt 4702
DEPARTMENT OF THE TREASURY
26 CFR Part 1
[REG–209006–89]
RIN 1545–AM97
Transfers by Domestic Corporations
That Are Subject to Section 367(a)(5);
Distributions by Domestic
Corporations That Are Subject to
Section 1248(f); Correction
Internal Revenue Service (IRS),
Treasury.
ACTION: Correction to notice of proposed
rulemaking.
AGENCY:
SUMMARY: This document contains
corrections to a notice of proposed
rulemaking (REG–209006–89) that was
published in the Federal Register on
Wednesday, August 20, 2008 (73 FR
49278) under sections 367(a), 367(a)(5),
367(b), 1248(a), 1248(e), 1248(f), and
6038B of the Internal Revenue Code.
The proposed regulations under
sections 367(a)(5) and 367(b) apply
when a domestic corporation transfers
certain property to a foreign corporation
in an exchange described in section
361(a) or (b). The proposed regulations
under section 1248(e) suspend the
application of section 1248(e) when
capital gains are taxed at a rate equal to
or greater than the rate at which
ordinary income is taxed. The proposed
regulations under section 1248(f) apply
when a domestic corporation distributes
stock of certain foreign corporations in
a distribution to which section 337, 355,
or 361 applies. The proposed
E:\FR\FM\29SEP1.SGM
29SEP1
]]>Agencies
[Federal Register Volume 73, Number 189 (Monday, September 29, 2008)]
[Proposed Rules]
[Page 56535]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-22823]
[[Page 56535]]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[REG-101258-08]
RIN 1545-BH66
Guidance Under Sections 642 and 643 (Income Ordering Rules);
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 rulemaking
providing guidance under Internal Revenue Code section 642(c) with
regard to the Federal tax consequences of an ordering provision in a
trust, a will, or a provision of local law that attempts to determine
the tax character of the amounts paid to a charitable beneficiary of
the trust or estate. The proposed regulations also make conforming
amendments to the regulations under section 643(a)(5). The proposed
regulations affect estates, charitable lead trusts (CLTs) and other
trusts making payments or permanently setting aside amounts for a
charitable purpose.
DATES: The public hearing, originally scheduled for October 8, 2008, at
10 a.m., is cancelled.
FOR FURTHER INFORMATION CONTACT: Richard A. Hurst of the Publications
and Regulations Branch, Legal Processing Division, Associate Chief
Counsel (Procedure and Administration), at
Richard.A.Hurst@irscounsel.treas.gov.
SUPPLEMENTARY INFORMATION: A notice of public hearing that appeared in
the Federal Register on Wednesday, June 18, 2008 (73 FR 34670),
announced that a public hearing was scheduled for October 8, 2008, at
10 a.m., in the auditorium, Internal Revenue Building, 1111
Constitution Avenue, NW., Washington, DC. The subject of the public
hearing is under sections 642 and 643 of the Internal Revenue Code.
The public comment period for these regulations expired on
September 16, 2008. Outlines of topics to be discussed at the hearing
were due on September 18, 2008. The notice of proposed rulemaking and
notice of public hearing instructed those interested in testifying at
the public hearing to submit an outline of the topics to be addressed.
As of Monday, September 22, 2008, no one has requested to speak.
Therefore, the public hearing scheduled for October 8, 2008, is
cancelled.
LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division,
Associate Chief Counsel (Procedure and Administration).
[FR Doc. E8-22823 Filed 9-26-08; 8:45 am]
BILLING CODE 4830-01-P
