Unified Rule for Loss on Subsidiary Stock, 65982 [Z8-21006]
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Federal Register / Vol. 73, No. 216 / Thursday, November 6, 2008 / Rules and Regulations
minimal because the information
required by section 6039I is readily
available. Accordingly, the regulations
will not have a significant economic
impact on a substantial number of small
entities and a regulatory flexibility
analysis is not required.
Pursuant to section 7805(f) of the
Internal Revenue Code, the notice of
proposed rulemaking preceding this
regulation was submitted to the Chief
Counsel for Advocacy of the Small
Business Administration for comment
on its impact on small business.
Drafting Information
The principal author of these
regulations is Linda K. Boyd, Office of
Associate Chief Counsel (Financial
Institutions & Products). However, other
personnel from the IRS and Treasury
Department participated in their
development.
List of Subjects in 26 CFR Part 1
Income taxes, Reporting and
recordkeeping requirements.
(5) That the applicable policyholder
has a valid consent for each insured
employee (or, if all such consents are
not obtained, the number of insured
employees for whom such consent was
not obtained).
(b) Time and manner of reporting.
Applicable policyholders owning one or
more employer-owned life insurance
contracts issued after August 17, 2006,
must provide the information required
under § 6039I by attaching Form 8925,
‘‘Report of Employer-Owned Life
Insurance Contracts’’, to the
policyholder’s income tax return by the
due date of that return, or by filing such
other form at such time and in such
manner as the Commissioner may in the
future prescribe.
(c) Effective/applicability date. These
regulations are applicable for tax years
ending after November 6, 2008.
§ 1.6039I–1T
[Removed]
■ Par. 3. Section 1.6039I–1T is
removed.
Adoption of Amendments to the
Regulations
Accordingly, 26 CFR part 1 is
amended as follows:
■
PART 1—INCOME TAXES
Paragraph 1. The authority citation
for part 1 is amended by removing the
entry for § 1.6039I–1T, and adding an
entry in numerical order to read in part
as follows:
■
[FR Doc. Z8–21006 Filed 11–5–08; 8:45 am]
Linda E. Stiff,
Deputy Commissioner for Services and
Enforcement.
Approved: October 16, 2008.
Eric Solomon,
Assistant Secretary of the Treasury (Tax
Policy).
[FR Doc. E8–26424 Filed 11–5–08; 8:45 am]
BILLING CODE 4830–01–P
§ 1. 6039I–1 Reporting of certain employerowned life insurance contracts.
Unified Rule for Loss on Subsidiary
Stock
ebenthall on PRODPC68 with RULES
Jkt 217001
33 CFR Part 165
Safety Zone; Christmas Holiday Boat
Parade Fireworks Event, Appomattox
River, Hopewell, VA
[TD 9424]
13:44 Nov 05, 2008
Coast Guard
RIN 1625–AA00
Par. 2. Section 1.6039I–1 is added to
read as follows:
VerDate Aug<31>2005
DEPARTMENT OF HOMELAND
SECURITY
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Parts 1 and 602
ACTION:
Correction
In rule document E8– 21006
beginning on page 53934 in the issue of
Wednesday, September 17, 2008 make
the following corrections:
§1.1502–13
[Corrected]
1. On page 53948, in the first column,
§1.1502–13(a)(4), in the second line ‘‘(4)
Application of other rules of law.’’
should read ‘‘(4) Application of other
rules of law.’’.
■
§1.1502–36
[Corrected]
2. On page 53962, in the third column,
§1.1502–36(c)(8)(ii) at Example 6 (ii)
(A), in the first paragraphs, in the 32nd
line, ‘‘CNOL))’’ should read ‘‘CNOL)’’.
■ 3. On page 53964, in the second
column, §1.1502–36(d)(4)(ii)(A), the
■
PO 00000
Frm 00016
Fmt 4700
Sfmt 4700
Coast Guard, DHS.
Temporary final rule.
AGENCY:
RIN 1545–BB61
(a) Requirement to report. Section
6039I requires every taxpayer that is an
applicable policyholder owning one or
more employer-owned life insurance
contracts issued after August 17, 2006,
to file a return showing the following
information for each year the contracts
are owned—
(1) The number of employees of the
applicable policyholder at the end of the
year;
(2) The number of such employees
insured under such contracts at the end
of the year;
(3) The total amount of insurance in
force at the end of the year under such
contracts;
(4) The name, address, and taxpayer
identification number of the applicable
policyholder and the type of business in
which the policyholder is engaged; and
BILLING CODE 1505–01–D
[USCG–2008–0838]
Authority: 26 U.S.C. 7805 * * *.
Section 1.6039I–1 also issued under 26
U.S.C. 6039I. * * *
■
first sentence, ‘‘(A) Category A, Category
B, and Category C attributes.’’ should
read ‘‘(A) Category A, Category B, and
Category C attributes.’’.
■ 4. On page 53968, in the second
column, §1.1502–36(d)(8) at Example 1
(ii), in paragraphs (A) and (B), ‘‘Example
1’’should read ‘‘Example 1.’’.
■ 5. On page 53970, in the third column,
§1.1502–36(d)(8) at Example 4. (i)(c)
paragraph ‘‘(1)’’ should read, ‘‘1’’.
■ 6. On page the same page, in the
second column, §1.1502–36(d)(8) at
Example 4. (ii)(c) paragraph ‘‘(1)’’
should read,‘‘(1)’’.
■ 7. On page 53974, in the third column,
§1.1502–36(d)(8) at Example 8. (i)(c)(2)
paragraph ‘‘(i)’’ should read, ‘‘(i)’’.
■ 8. On page 53975, in the third column,
§1.1502–36(d)(8) at Example 8. (ii)(c)(2)
paragraph ‘‘(i)’’ should read, ‘‘(i)’’.
■ 9. On page 53977, in the first column,
§1.1502–36(d)(8) at Example 9. (iv)(B)
paragraph ‘‘(1)’’ should read, ‘‘(1)’’.
SUMMARY: The Coast Guard is
establishing a 420-foot radius safety
zone on the Appomattox River in the
vicinity of Hopewell, VA in support of
the Christmas Holiday Boat Parade
Fireworks Event. This action will
protect the maritime public on the
Appomattox River from the hazards
associated with fireworks displays.
DATES: This rule is effective from 8 p.m.
until 9 p.m. on December 6, 2008.
ADDRESSES: Comments and material
received from the public, as well as
documents mentioned in this preamble
as being available in the docket, are part
of docket USCG–2008–0838 and are
available online by going to https://
www.regulations.gov, selecting the
Advanced Docket Search option on the
right side of the screen, inserting USCG–
2008–0838 in the Docket ID box,
pressing Enter, and then clicking on the
item in the Docket ID column. This
E:\FR\FM\06NOR1.SGM
06NOR1
]]>Agencies
[Federal Register Volume 73, Number 216 (Thursday, November 6, 2008)]
[Rules and Regulations]
[Page 65982]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: Z8-21006]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Parts 1 and 602
[TD 9424]
RIN 1545-BB61
Unified Rule for Loss on Subsidiary Stock
Correction
In rule document E8- 21006 beginning on page 53934 in the issue of
Wednesday, September 17, 2008 make the following corrections:
Sec. 1.1502-13 [Corrected]
0
1. On page 53948, in the first column, Sec. 1.1502-13(a)(4), in the
second line ``(4) Application of other rules of law.'' should read
``(4) Application of other rules of law.''.
Sec. 1.1502-36 [Corrected]
0
2. On page 53962, in the third column, Sec. 1.1502-36(c)(8)(ii) at
Example 6 (ii) (A), in the first paragraphs, in the 32nd line,
``CNOL))'' should read ``CNOL)''.
0
3. On page 53964, in the second column, Sec. 1.1502-36(d)(4)(ii)(A),
the first sentence, ``(A) Category A, Category B, and Category C
attributes.'' should read ``(A) Category A, Category B, and Category C
attributes.''.
0
4. On page 53968, in the second column, Sec. 1.1502-36(d)(8) at Example
1 (ii), in paragraphs (A) and (B), ``Example 1''should read ``Example
1.''.
0
5. On page 53970, in the third column, Sec. 1.1502-36(d)(8) at Example
4. (i)(c) paragraph ``(1)'' should read, ``1''.
0
6. On page the same page, in the second column, Sec. 1.1502-36(d)(8) at
Example 4. (ii)(c) paragraph ``(1)'' should read,``(1)''.
0
7. On page 53974, in the third column, Sec. 1.1502-36(d)(8) at Example
8. (i)(c)(2) paragraph ``(i)'' should read, ``(i)''.
0
8. On page 53975, in the third column, Sec. 1.1502-36(d)(8) at Example
8. (ii)(c)(2) paragraph ``(i)'' should read, ``(i)''.
0
9. On page 53977, in the first column, Sec. 1.1502-36(d)(8) at Example
9. (iv)(B) paragraph ``(1)'' should read, ``(1)''.
[FR Doc. Z8-21006 Filed 11-5-08; 8:45 am]
BILLING CODE 1505-01-D
