Controlled Groups; Deferral of Losses; Correction, 30052 [2011-12788]

Download as PDF 30052 Federal Register / Vol. 76, No. 100 / Tuesday, May 24, 2011 / Proposed Rules Dated: May 19, 2011. Leslie Kux, Acting Assistant Commissioner for Policy. corrected to read ‘‘entirety. Accordingly, the IRS and’’ LaNita VanDyke, Branch Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). [FR Doc. 2011–12736 Filed 5–23–11; 8:45 am] BILLING CODE 4160–01–P [FR Doc. 2011–12788 Filed 5–23–11; 8:45 am] DEPARTMENT OF THE TREASURY BILLING CODE 4830–01–P Internal Revenue Service DEPARTMENT OF THE TREASURY 26 CFR Part 1 [REG–118761–09] Alcohol and Tobacco Tax and Trade Bureau RIN 1545–BI92 27 CFR Part 9 Controlled Groups; Deferral of Losses; Correction [Docket No. TTB–2011–0006; Notice No. 119] Internal Revenue Service (IRS), Treasury. ACTION: Correction to notice of proposed rulemaking. AGENCY: This document contains corrections to notice of proposed rulemaking (REG–118761–09) that was published in the Federal Register on Thursday, April 21, 2011 (76 FR 22336). The proposed regulations provide guidance concerning the time for taking into account deferred losses on the sale or exchange of property between members of a controlled group. FOR FURTHER INFORMATION CONTACT: Bruce A. Decker at (202) 622–7790 (not a toll-free number). SUPPLEMENTARY INFORMATION: SUMMARY: Background The notice of proposed rulemaking that is the subject of this document is under section 267 of the Internal Revenue Code. As published, the notice of proposed rulemaking (REG–118761–09) contains errors that are misleading and are in need of clarification. jlentini on DSK4TPTVN1PROD with PROPOSALS Correction to Publication Accordingly, the notice of proposed rulemaking which is the subject of FR Doc. 2011–9606 is corrected as follows: On page 22336, in the preamble, column 1, under the paragraph heading ‘‘Background’’, line 2, the language ‘‘concerning the Federal income tax,’’ is corrected to read ‘‘concerning the federal income tax’’. On page 22337, in the preamble, column 1, under the paragraph heading ‘‘Background’’, line 14 from the top of the page, the language ‘‘entirety. Accordingly, the IRS and the’’ is 16:21 May 23, 2011 Jkt 223001 Proposed Establishment of the Coombsville Viticultural Area (2010R– 009P) Alcohol and Tobacco Tax and Trade Bureau, Treasury. ACTION: Notice of proposed rulemaking. AGENCY: The Alcohol and Tobacco Tax and Trade Bureau proposes to establish the 11,075-acre ‘‘Coombsville’’ viticultural area in Napa County, California. The proposed viticultural area lies within the Napa Valley viticultural area and the multicounty North Coast viticultural area. TTB designates viticultural areas to allow vintners to better describe the origin of their wines and to allow consumers to better identify wines they may purchase. TTB invites comments on this proposed addition to the TTB regulations. SUMMARY: TTB must receive your comments on or before July 25, 2011. ADDRESSES: Please send your comments on this notice to one of the following addresses: • http://www.regulations.gov (via the online comment form for this notice as posted within Docket No. TTB–2011– 0006 at ‘‘Regulations.gov,’’ the Federal e-rulemaking portal); • U.S. Mail. Director, Regulations and Rulings Division, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 14412, Washington, DC 20044–4412; or • Hand delivery/courier in lieu of mail: Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street, NW., Suite 200–E, Washington, DC 20005. See the Public Participation section of this notice for specific instructions and requirements for submitting comments, and for information on how to request a public hearing. DATES: Need for Correction VerDate Mar<15>2010 RIN 1513–AB81 PO 00000 Frm 00017 Fmt 4702 Sfmt 4702 You may view copies of this notice, selected supporting materials, and any comments TTB receives about this proposal at http://www.regulations.gov within Docket No. TTB–2011–0006. A link to that docket is posted on the TTB Web site at http://www.ttb.gov/wine/ wine_rulemaking.shtml under Notice No. 119. You also may view copies of this notice, all related petitions, maps or other supporting materials, and any comments TTB receives about this proposal by appointment at the TTB Information Resource Center, 1310 G Street, NW., Washington, DC 20220. Please call 202–453–2270 to make an appointment. FOR FURTHER INFORMATION CONTACT: Elisabeth C. Kann, Regulations and Rulings Division, Alcohol and Tobacco Tax and Trade Bureau, 1310 G St., NW., Room 200E, Washington, DC 20220; phone 202–453–2002. SUPPLEMENTARY INFORMATION: Background on Viticultural Areas TTB Authority Section 105(e) of the Federal Alcohol Administration Act (FAA Act), 27 U.S.C. 205(e), authorizes the Secretary of the Treasury to prescribe regulations for the labeling of wine, distilled spirits, and malt beverages. The FAA Act provides that these regulations should, among other things, prohibit consumer deception and the use of misleading statements on labels, and ensure that labels provide the consumer with adequate information as to the identity and quality of the product. The Alcohol and Tobacco Tax and Trade Bureau (TTB) administers the regulations promulgated under the FAA Act. Part 4 of the TTB regulations (27 CFR part 4) allows the establishment of definitive viticultural areas and the use of their names as appellations of origin on wine labels and in wine advertisements. Part 9 of the TTB regulations (27 CFR part 9) sets forth standards for the preparation and submission of petitions for the establishment or modification of American viticultural areas and lists the approved American viticultural areas. Definition Section 4.25(e)(1)(i) of the TTB regulations (27 CFR 4.25(e)(1)(i)) defines a viticultural area for American wine as a delimited grape-growing region having distinguishing features as described in part 9 of the regulations and a name and a delineated boundary as established in part 9 of the regulations. These designations allow vintners and consumers to attribute a given quality, reputation, or other characteristic of a E:\FR\FM\24MYP1.SGM 24MYP1

Agencies

[Federal Register Volume 76, Number 100 (Tuesday, May 24, 2011)]
[Proposed Rules]
[Page 30052]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-12788]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-118761-09]
RIN 1545-BI92


Controlled Groups; Deferral of Losses; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice of proposed rulemaking.

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SUMMARY: This document contains corrections to notice of proposed 
rulemaking (REG-118761-09) that was published in the Federal Register 
on Thursday, April 21, 2011 (76 FR 22336). The proposed regulations 
provide guidance concerning the time for taking into account deferred 
losses on the sale or exchange of property between members of a 
controlled group.

FOR FURTHER INFORMATION CONTACT: Bruce A. Decker at (202) 622-7790 (not 
a toll-free number).

SUPPLEMENTARY INFORMATION: 

Background

    The notice of proposed rulemaking that is the subject of this 
document is under section 267 of the Internal Revenue Code.

Need for Correction

    As published, the notice of proposed rulemaking (REG-118761-09) 
contains errors that are misleading and are in need of clarification.

Correction to Publication

    Accordingly, the notice of proposed rulemaking which is the subject 
of FR Doc. 2011-9606 is corrected as follows:
    On page 22336, in the preamble, column 1, under the paragraph 
heading ``Background'', line 2, the language ``concerning the Federal 
income tax,'' is corrected to read ``concerning the federal income 
tax''.
    On page 22337, in the preamble, column 1, under the paragraph 
heading ``Background'', line 14 from the top of the page, the language 
``entirety. Accordingly, the IRS and the'' is corrected to read 
``entirety. Accordingly, the IRS and''

LaNita VanDyke,
Branch Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2011-12788 Filed 5-23-11; 8:45 am]
BILLING CODE 4830-01-P