Allocable Cash Basis and Tiered Partnership Items; Correction, 66485 [2015-27609]

Download as PDF Federal Register / Vol. 80, No. 209 / Thursday, October 29, 2015 / Proposed Rules 901 Locust, Room 301, Kansas City, Missouri 64106; telephone: (816) 329–4159; fax: (816) 329–3047; email: raymond.johnston@faa.gov. Before using any approved AMOC on any airplane to which the AMOC applies, notify your appropriate principal inspector (PI) in the FAA Flight Standards District Office (FSDO), or lacking a PI, your local FSDO. (2) Airworthy Product: For any requirement in this AD to obtain corrective actions from a manufacturer or other source, use these actions if they are FAA-approved. Corrective actions are considered FAAapproved if they are approved by the State of Design Authority (or their delegated agent). You are required to assure the product is airworthy before it is returned to service. distributive share of certain allocable cash basis items and items attributable to an interest in a lower-tier partnership during a partnership taxable year in which a partner’s interest changes. DATES: Written or electronic comments and requests for a public hearing for the notice of proposed rulemaking published at 80 FR 45905, August 3, 2015, are still being accepted and must be received by November 2, 2015. FOR FURTHER INFORMATION CONTACT: Benjamin H. Weaver at (202) 317–6850 (not a toll free number). SUPPLEMENTARY INFORMATION: (h) Related Information Refer to MCAI European Aviation Safety Agency (EASA) AD No.: 2015–0184, dated September 1, 2015; for related information. You may examine the MCAI on the Internet at http://www.regulations.gov by searching for and locating Docket No. FAA–2015–4803. For service information related to this AD, contact Britten-Norman Aircraft Limited, Commodore House, Mountbatten Business Centre, Millbrook Road East, Southampton SO15 1HY, United Kingdom; telephone: +44 20 3371 4000; fax: +44 20 3371 4001; email: info@bnaircraft.com; Internet: http:// www.britten-norman.com/customer-support/. You may review copies of the referenced service information at the FAA, Small Airplane Directorate, 901 Locust, Kansas City, Missouri 64106. For information on the availability of this material at the FAA, call (816) 329–4148. Issued in Kansas City, Missouri on October 22, 2015. Melvin Johnson, Acting Manager, Small Airplane Directorate, Aircraft Certification Service. Background The notice of proposed rulemaking (REG–109370–10) that is the subject of these corrections is under section 706 of the Internal Revenue Code. Need for Correction 4(d)); ’’ is corrected to read ‘‘in § 1.706– 4(e));’’. § 1.706–4 [Corrected] 8. On page 45913, paragraph (e)(4) Example 3., remove the language ‘‘2015’’ and add the language ‘‘2016’’ wherever it appears. ■ 9. On page 45913, second column, paragraph (e)(4) Example 3. (iii), sixth line from the top of the paragraph, the language ‘‘15, 2016, and PRS determines that the’’ is corrected to read ‘‘15, 2017, and PRS determines that the’’. ■ Martin V. Franks, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). [FR Doc. 2015–27609 Filed 10–28–15; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY As published, the notice of proposed rulemaking (REG–109370–10) contains errors that may prove to be misleading and are in need of clarification. Internal Revenue Service 26 CFR Part 1 Correction of Publication [REG–155164–09] RIN 1545–BJ48 26 CFR Part 1 Accordingly, the notice of proposed rulemaking (REG–109370–10), that was the subject of FR Doc. 2015–18817, is corrected as follows: ■ 1. On page 45906, in the preamble, first column, the third line from the top of the column, the language ‘‘section 706(d)(2)(C)(i) to a person who ’’ is corrected to read ‘‘section 706(d)(2)(D)(i) to a person who’’. ■ 2. On page 45910, in the preamble, first column, the eleventh line from the top of the column, the language ‘‘extraordinary items in § 1.706–4(d)(2)’’ is corrected to read ‘‘extraordinary items in § 1.706–4(e)(2)’’. ■ 3. On page 45913, third column, the first line of the signature block, the language ‘‘Karen L. Schiller,’’ is corrected to read ‘‘Karen M. Schiller,’’. [REG–109370–10] § 1.706–0 [FR Doc. 2015–27571 Filed 10–28–15; 8:45 am] BILLING CODE 4910–13–P DEPARTMENT OF THE TREASURY Internal Revenue Service Allocable Cash Basis and Tiered Partnership Items; Correction Internal Revenue Service (IRS), Treasury. ACTION: Correction to a notice of proposed rulemaking. AGENCY: This document contains corrections to a notice of proposed rulemaking (REG–109370–10) that was published in the Federal Register on Monday, August 3, 2015 (80 FR 45905). The proposed regulations are regarding the determination of a partner’s SUMMARY: VerDate Sep<11>2014 13:15 Oct 28, 2015 [Corrected] 4. On Page 45910, third column, the section heading for the entry § 1.706–2 should read ‘‘§ 1.706–2 Certain allocable cash basis items.’’. ■ 5. On page 49510, third column, the section heading for the entry § 1.706–3 should read ‘‘§ 1.706–3 Items attributable to interest in lower-tier partnership.’’. ■ RIN 1545–BJ34 rmajette on DSK7SPTVN1PROD with PROPOSALS 66485 Jkt 238001 § 1.706–2 [Corrected] 6. On page 45911, first column, the section heading should read ‘‘§ 1.706–2 Certain allocable cash basis items.’’. ■ 7. On Page 49511, first column, paragraph (a)(2)(iii), the last line of the paragraph, the language ‘‘in § 1.706– ■ PO 00000 Frm 00005 Fmt 4702 Sfmt 4702 United States Property Held by Controlled Foreign Corporations in Transactions Involving Partnerships; Rents and Royalties Derived in the Active Conduct of a Trade or Business; Correction Internal Revenue Service (IRS), Treasury. ACTION: Correction to notice of proposed rulemaking. AGENCY: This document contains corrections to a notice of proposed rulemaking (REG–155164–09) that was published in the Federal Register on Wednesday, September 2, 2015 (80 FR 53058). The proposed rules are regarding the treatment as United States property of property held by a controlled foreign corporation in connection with certain transactions involving partnerships. DATES: Written or electronic comments and request for a public hearing for the notice of proposed rulemaking at 80 FR 53058, September 2, 2015, are still being accepted and must be received by December 1, 2015. FOR FURTHER INFORMATION CONTACT: Rose E. Jenkins, at (202) 317–6934 (not a tollfree number). SUPPLEMENTARY INFORMATION: SUMMARY: Background The notice of proposed rulemaking that is the subject of this document is E:\FR\FM\29OCP1.SGM 29OCP1

Agencies

[Federal Register Volume 80, Number 209 (Thursday, October 29, 2015)]
[Proposed Rules]
[Page 66485]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-27609]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-109370-10]
RIN 1545-BJ34


Allocable Cash Basis and Tiered Partnership Items; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to a notice of proposed rulemaking.

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SUMMARY: This document contains corrections to a notice of proposed 
rulemaking (REG-109370-10) that was published in the Federal Register 
on Monday, August 3, 2015 (80 FR 45905). The proposed regulations are 
regarding the determination of a partner's distributive share of 
certain allocable cash basis items and items attributable to an 
interest in a lower-tier partnership during a partnership taxable year 
in which a partner's interest changes.

DATES: Written or electronic comments and requests for a public hearing 
for the notice of proposed rulemaking published at 80 FR 45905, August 
3, 2015, are still being accepted and must be received by November 2, 
2015.

FOR FURTHER INFORMATION CONTACT: Benjamin H. Weaver at (202) 317-6850 
(not a toll free number).

SUPPLEMENTARY INFORMATION: 

Background

    The notice of proposed rulemaking (REG-109370-10) that is the 
subject of these corrections is under section 706 of the Internal 
Revenue Code.

Need for Correction

    As published, the notice of proposed rulemaking (REG-109370-10) 
contains errors that may prove to be misleading and are in need of 
clarification.

Correction of Publication

    Accordingly, the notice of proposed rulemaking (REG-109370-10), 
that was the subject of FR Doc. 2015-18817, is corrected as follows:

0
1. On page 45906, in the preamble, first column, the third line from 
the top of the column, the language ``section 706(d)(2)(C)(i) to a 
person who '' is corrected to read ``section 706(d)(2)(D)(i) to a 
person who''.
0
2. On page 45910, in the preamble, first column, the eleventh line from 
the top of the column, the language ``extraordinary items in Sec.  
1.706-4(d)(2)'' is corrected to read ``extraordinary items in Sec.  
1.706-4(e)(2)''.
0
3. On page 45913, third column, the first line of the signature block, 
the language ``Karen L. Schiller,'' is corrected to read ``Karen M. 
Schiller,''.


Sec.  1.706-0  [Corrected]

0
4. On Page 45910, third column, the section heading for the entry Sec.  
1.706-2 should read ``Sec.  1.706-2 Certain allocable cash basis 
items.''.
0
5. On page 49510, third column, the section heading for the entry Sec.  
1.706-3 should read ``Sec.  1.706-3 Items attributable to interest in 
lower-tier partnership.''.


Sec.  1.706-2  [Corrected]

0
6. On page 45911, first column, the section heading should read ``Sec.  
1.706-2 Certain allocable cash basis items.''.
0
7. On Page 49511, first column, paragraph (a)(2)(iii), the last line of 
the paragraph, the language ``in Sec.  1.706-4(d)); '' is corrected to 
read ``in Sec.  1.706-4(e));''.


Sec.  1.706-4  [Corrected]

0
8. On page 45913, paragraph (e)(4) Example 3., remove the language 
``2015'' and add the language ``2016'' wherever it appears.
0
9. On page 45913, second column, paragraph (e)(4) Example 3. (iii), 
sixth line from the top of the paragraph, the language ``15, 2016, and 
PRS determines that the'' is corrected to read ``15, 2017, and PRS 
determines that the''.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2015-27609 Filed 10-28-15; 8:45 am]
 BILLING CODE 4830-01-P