Information Reporting and Transfer for Valuable Consideration Rules for Section 1035 Exchanges of Life Insurance and Certain Other Life Insurance Contract Transactions; Hearing, 57916 [2023-18193]
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57916
Federal Register / Vol. 88, No. 163 / Thursday, August 24, 2023 / Proposed Rules
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[REG–108054–21]
RIN 1545–BQ07
Information Reporting and Transfer for
Valuable Consideration Rules for
Section 1035 Exchanges of Life
Insurance and Certain Other Life
Insurance Contract Transactions;
Hearing
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice of proposed rulemaking;
notice of hearing.
AGENCY:
This document provides a
notice of public hearing on proposed
regulations providing guidance on the
application of the transfer for valuable
consideration rules and associated
information reporting requirements for
reportable policy sales of interests in life
insurance contracts to exchanges of life
insurance contracts qualifying for
nonrecognition of gain or loss, as well
as to certain acquisitions of interests in
life insurance contracts in transactions
that qualify as corporate
reorganizations.
DATES: The public hearing on this
proposed regulation has been scheduled
for Thursday, September 28, 2023, at
10:00 a.m. ET. The IRS must receive
speakers’ outlines of the topics to be
discussed at the public hearing by
Wednesday, August 30, 2023. If no
outlines are received by Wednesday,
August 30, 2023, the public hearing will
be cancelled.
ADDRESSES: The public hearing is being
held in the Auditorium, at the Internal
Revenue Service Building, 1111
Constitution Avenue NW, Washington,
DC. Due to security procedures, visitors
must enter at the Constitution Avenue
entrance. In addition, all visitors must
present a valid photo identification to
enter the building. Because of access
restrictions, visitors will not be
admitted beyond the immediate
entrance area more than 30 minutes
before the hearing starts. Participants
may alternatively attend the public
hearing by telephone.
Send submissions to CC:PA:LPD:PR
(REG–108054–21), Room 5205, Internal
Revenue Service, P.O. Box 7604, Ben
Franklin Station, Washington, DC
20044. Submissions may be hand
delivered Monday through Friday to
CC:PA:LPD:PR (REG–108054–21),
Couriers Desk, Internal Revenue
Service, 1111 Constitution Avenue NW,
lotter on DSK11XQN23PROD with PROPOSALS1
SUMMARY:
VerDate Sep<11>2014
15:52 Aug 23, 2023
Jkt 259001
Washington, DC 20224 or sent
electronically via the Federal
eRulemaking Portal at
www.regulations.gov (IRS REG–108054–
21) (preferred).
FOR FURTHER INFORMATION CONTACT:
Concerning the proposed regulations,
Allan H. Sakaue, (202) 317–6995;
concerning submissions of outlines, the
hearing, and/or to be placed on the
building access list to attend the public
hearing, call Vivian Hayes (202) 317–
6901 (not a toll-free number) or by email
to publichearings@irs.gov (preferred).
SUPPLEMENTARY INFORMATION: The
subject of the public hearing is the
notice of proposed rulemaking (REG–
108054–21) that was published in the
Federal Register on Wednesday, May
10, 2023, (FR 88 30058).
The rules of 26 CFR 601.601(a)(3)
apply to the hearing. Persons who wish
to present oral comments at the hearing
must submit an outline of the topics to
be discussed and the time to be devoted
to each topic by August 30, 2023.
A period of 10 minutes will be
allotted to each person for making
comments. An agenda showing the
scheduling of the speakers will be
prepared after the deadline for receiving
outlines has passed. Copies of the
agenda will be available free of charge
at the hearing, and via the Federal
eRulemaking Portal
(www.Regulations.gov) under the title of
Supporting & Related Material. If no
outline of the topics to be discussed at
the hearing is received by August 30,
2023, the public hearing will be
cancelled. If the public hearing is
cancelled, a notice of cancellation of the
public hearing will be published in the
Federal Register.
Individuals who want to testify in
person at the public hearing must send
an email to publichearings@irs.gov to
have your name added to the building
access list. The subject line of the email
must contain the regulation number
REG–108054–21 and the language
TESTIFY In Person. For example, the
subject line may say: Request to
TESTIFY In Person at Hearing for REG–
108054–21.
Individuals who want to testify by
telephone at the public hearing must
send an email to publichearings@irs.gov
to receive the telephone number and
access code for the hearing. The subject
line of the email must contain the
regulation number REG–108054–21 and
the language TESTIFY Telephonically.
For example, the subject line may say:
Request to TESTIFY Telephonically at
Hearing for REG–108054–21.
Individuals who want to attend the
public hearing in person without
PO 00000
Frm 00015
Fmt 4702
Sfmt 4702
testifying must also send an email to
publichearings@irs.gov to have your
name added to the building access list.
The subject line of the email must
contain the regulation number REG–
108054–21 and the language ATTEND
In Person. For example, the subject line
may say: Request to ATTEND Hearing In
Person for REG–108054–21. Requests to
attend the public hearing must be
received by 5:00 p.m. ET by Monday,
September 25, 2023.
Individuals who want to attend the
public hearing by telephone without
testifying must also send an email to
publichearings@irs.gov to receive the
telephone number and access code for
the hearing. The subject line of the
email must contain the regulation
number REG–108054–21 and the
language ATTEND Hearing
Telephonically. For example, the
subject line may say: Request to
ATTEND Hearing Telephonically for
REG–108054–21. Requests to attend the
public hearing must be received by 5:00
p.m. ET by Monday, September 25,
2023.
Hearings will be made accessible to
people with disabilities. To request
special assistance during a hearing
please contact the Publications and
Regulations Branch of the Office of
Associate Chief Counsel (Procedure and
Administration) by sending an email to
publichearings@irs.gov (preferred) or by
telephone at (202) 317–6901 (not a tollfree number) by Monday, September 25,
2023. Any questions regarding speaking
at or attending a public hearing may
also be emailed to publichearings@
irs.gov.
Oluwafunmilayo A. Taylor,
Branch Chief, Publications and Regulations
Branch, Associate Chief Counsel (Procedure
and Administration).
[FR Doc. 2023–18193 Filed 8–23–23; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF COMMERCE
National Oceanic and Atmospheric
Administration
50 CFR Part 622
[Docket No. 230821–0200]
RIN 0648–BM12
Fisheries of the Caribbean, Gulf of
Mexico, and South Atlantic; SnapperGrouper Fishery of the South Atlantic;
Amendment 52
National Marine Fisheries
Service (NMFS), National Oceanic and
Atmospheric Administration (NOAA),
Commerce.
AGENCY:
E:\FR\FM\24AUP1.SGM
24AUP1
]]>Agencies
[Federal Register Volume 88, Number 163 (Thursday, August 24, 2023)]
[Proposed Rules]
[Page 57916]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-18193]
[[Page 57916]]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[REG-108054-21]
RIN 1545-BQ07
Information Reporting and Transfer for Valuable Consideration
Rules for Section 1035 Exchanges of Life Insurance and Certain Other
Life Insurance Contract Transactions; Hearing
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice of proposed rulemaking; notice of hearing.
-----------------------------------------------------------------------
SUMMARY: This document provides a notice of public hearing on proposed
regulations providing guidance on the application of the transfer for
valuable consideration rules and associated information reporting
requirements for reportable policy sales of interests in life insurance
contracts to exchanges of life insurance contracts qualifying for
nonrecognition of gain or loss, as well as to certain acquisitions of
interests in life insurance contracts in transactions that qualify as
corporate reorganizations.
DATES: The public hearing on this proposed regulation has been
scheduled for Thursday, September 28, 2023, at 10:00 a.m. ET. The IRS
must receive speakers' outlines of the topics to be discussed at the
public hearing by Wednesday, August 30, 2023. If no outlines are
received by Wednesday, August 30, 2023, the public hearing will be
cancelled.
ADDRESSES: The public hearing is being held in the Auditorium, at the
Internal Revenue Service Building, 1111 Constitution Avenue NW,
Washington, DC. Due to security procedures, visitors must enter at the
Constitution Avenue entrance. In addition, all visitors must present a
valid photo identification to enter the building. Because of access
restrictions, visitors will not be admitted beyond the immediate
entrance area more than 30 minutes before the hearing starts.
Participants may alternatively attend the public hearing by telephone.
Send submissions to CC:PA:LPD:PR (REG-108054-21), Room 5205,
Internal Revenue Service, P.O. Box 7604, Ben Franklin Station,
Washington, DC 20044. Submissions may be hand delivered Monday through
Friday to CC:PA:LPD:PR (REG-108054-21), Couriers Desk, Internal Revenue
Service, 1111 Constitution Avenue NW, Washington, DC 20224 or sent
electronically via the Federal eRulemaking Portal at
www.regulations.gov (IRS REG-108054-21) (preferred).
FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations,
Allan H. Sakaue, (202) 317-6995; concerning submissions of outlines,
the hearing, and/or to be placed on the building access list to attend
the public hearing, call Vivian Hayes (202) 317-6901 (not a toll-free
number) or by email to [email protected] (preferred).
SUPPLEMENTARY INFORMATION: The subject of the public hearing is the
notice of proposed rulemaking (REG-108054-21) that was published in the
Federal Register on Wednesday, May 10, 2023, (FR 88 30058).
The rules of 26 CFR 601.601(a)(3) apply to the hearing. Persons who
wish to present oral comments at the hearing must submit an outline of
the topics to be discussed and the time to be devoted to each topic by
August 30, 2023.
A period of 10 minutes will be allotted to each person for making
comments. An agenda showing the scheduling of the speakers will be
prepared after the deadline for receiving outlines has passed. Copies
of the agenda will be available free of charge at the hearing, and via
the Federal eRulemaking Portal (www.Regulations.gov) under the title of
Supporting & Related Material. If no outline of the topics to be
discussed at the hearing is received by August 30, 2023, the public
hearing will be cancelled. If the public hearing is cancelled, a notice
of cancellation of the public hearing will be published in the Federal
Register.
Individuals who want to testify in person at the public hearing
must send an email to [email protected] to have your name added to
the building access list. The subject line of the email must contain
the regulation number REG-108054-21 and the language TESTIFY In Person.
For example, the subject line may say: Request to TESTIFY In Person at
Hearing for REG-108054-21.
Individuals who want to testify by telephone at the public hearing
must send an email to [email protected] to receive the telephone
number and access code for the hearing. The subject line of the email
must contain the regulation number REG-108054-21 and the language
TESTIFY Telephonically. For example, the subject line may say: Request
to TESTIFY Telephonically at Hearing for REG-108054-21.
Individuals who want to attend the public hearing in person without
testifying must also send an email to [email protected] to have
your name added to the building access list. The subject line of the
email must contain the regulation number REG-108054-21 and the language
ATTEND In Person. For example, the subject line may say: Request to
ATTEND Hearing In Person for REG-108054-21. Requests to attend the
public hearing must be received by 5:00 p.m. ET by Monday, September
25, 2023.
Individuals who want to attend the public hearing by telephone
without testifying must also send an email to [email protected] to
receive the telephone number and access code for the hearing. The
subject line of the email must contain the regulation number REG-
108054-21 and the language ATTEND Hearing Telephonically. For example,
the subject line may say: Request to ATTEND Hearing Telephonically for
REG-108054-21. Requests to attend the public hearing must be received
by 5:00 p.m. ET by Monday, September 25, 2023.
Hearings will be made accessible to people with disabilities. To
request special assistance during a hearing please contact the
Publications and Regulations Branch of the Office of Associate Chief
Counsel (Procedure and Administration) by sending an email to
[email protected] (preferred) or by telephone at (202) 317-6901
(not a toll-free number) by Monday, September 25, 2023. Any questions
regarding speaking at or attending a public hearing may also be emailed
to [email protected].
Oluwafunmilayo A. Taylor,
Branch Chief, Publications and Regulations Branch, Associate Chief
Counsel (Procedure and Administration).
[FR Doc. 2023-18193 Filed 8-23-23; 8:45 am]
BILLING CODE 4830-01-P
