Proposed Rules. Withdrawal of notice of proposed rulemaking
294 words·~1 min read·
/register/2001/01/02/00-32775A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
BILLING CODE 4830-01-U DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 [REG-116733-98] RIN 1545-AW79 Guidance Under Section 355(e); Recognition of Gain on Certain Distributions of Stock or Securities in Connection With an Acquisition AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Withdrawal of notice of proposed rulemaking. SUMMARY: This document withdraws the notice of proposed rulemaking relating to recognition of gain on certain distributions of stock or securities of a controlled corporation in connection with an acquisition that was published in the **Federal Register** on August 24, 1999.
The withdrawal is in response to written comments received and oral comments presented at a public hearing. FOR FURTHER INFORMATION CONTACT: Brendan O'Hara,
(202)622-7530 (not a toll-free number). SUPPLEMENTARY INFORMATION: Background On August 24, 1999, the IRS issued proposed regulations (REG-116733-98) in the **Federal Register** (64 FR 46155) under section 355(e), relating to the recognition of gain on certain distributions of stock or securities in connection with an acquisition of stock of the distributing corporation or of stock of the corporation whose stock is distributed. In response to written comments received and comments presented at a public hearing held on March 2, 2000, these proposed regulations are being withdrawn. New proposed regulations (REG-107566-00) covering the same matters as the withdrawn proposed regulations are being issued elsewhere in this issue of the **Federal Register** . List of Subjects in 26 CFR Part 1 Income taxes, Reporting and recordkeeping requirements. Withdrawal of Notice of Proposed Rulemaking Accordingly, under the authority of 26 U.S.C. 7805 and 26 U.S.C. 355(e)(5), the notice of proposed rulemaking (REG-116733-98) that was published in the **Federal Register** on August 24, 1999 (64 FR 46155) is withdrawn. Robert E. Wenzel, Deputy Commissioner of Internal Revenue. [FR Doc. 00-32775 Filed 12-29-00; 8:45 am]
Connectionstraces to 2
Traces to 2 documents
1 reference not yet in our index
- 26 CFR 1
Citation graph
cites case law
Cites 3Cited by 0 across 0 sources