Income taxes: Inactive proposed regulations; withdrawn,

[Federal Register: December 23, 1998 (Volume 63, Number 246)]

[Proposed Rules]

[Page 71047]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr23de98-19]

[[Page 71047]]

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-116099-98]

RIN 1545-AB43, 1545-AF52

Withdrawal of Proposed Regulations

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Withdrawal of proposed regulations.

SUMMARY: This document withdraws proposed regulations amending the income tax regulations. This action is taken to remove from the IRS' inventory of regulations projects those proposed regulations that are in an inactive status and would remain in an inactive status for the foreseeable future.

DATES: These proposed regulations are withdrawn December 23, 1998.

FOR FURTHER INFORMATION CONTACT: George Bradley of the Office of the Assistant Chief Counsel (Income Tax & Accounting), Internal Revenue Service, 1111 Constitution Ave., NW., Washington, DC 20224. Telephone (202) 622-4920, not a toll-free number.

SUPPLEMENTARY INFORMATION:

Background

This document withdraws certain proposed regulations previously published in the Federal Register by the IRS. These proposed regulations are being withdrawn because they are part of regulations projects that will not be pursued in the foreseeable future, and there are no current plans to adopt the proposed regulations as final regulations.

Drafting Information

The principal author of this withdrawal notice is George H. Bradley, Office of the Assistant Chief Counsel (Income Tax & Accounting) within the Office of the Chief Counsel, Internal Revenue Service. Other personnel from the Internal Revenue Service and the Treasury Department participated in developing the withdrawal notice.

List of Subjects 26 CFR Part 1

Income taxes, Reporting and recordkeeping requirements.

Withdrawal of Proposed Amendments to the Regulations

Accordingly, under the authority of 26 U.S.C. 7805, the following proposed amendments to 26 CFR part 1 are withdrawn:

Amendments Relating to

Proposed Regulations

FR Citation and

Subject Section:

Project Number

1.162, 1.162-16, 1.461- FR Doc. 71-9954 Transfer of 1(a)(3)(iii), 1.1016,

Published 7/15/71 Franchises, 1.1253, 1.1253-1, 1.1253-2, 36 FR 13148.

Trademarks, and 1.1253-3.

Trade Names. 1.381(c)(4)-1(c)(1),

FR Doc. 72-14187 Carryover of 1.381(c)(4)-1(c)(3) Example Published 8/23/72 Inventories and (5), 1.381(c)(4)-

37 FR 16947.

Accounting Methods 1(d)(1)(iii), 1.381(c)(5),

in Certain 1.381(c)(5)-1.

Corporate Acquisitions. 1.351-1(c)(1)(ii), 1.351- FR Doc. 80-40833 Limitations on 1(c)(4), 1.351-1(c)(5)(i), Published 1/7/81 46 Reorganization 1.351-1(c)(5)(ii), 1.351- FR 1744 (LR-135-76). Treatment for 1(c)(6) Examples (3) &

Investment (4),, 1.368-4.

Companies. 1.278-2, 1.464-1, 1.464-2... FR Doc. 83-30789 Farming Syndicate Published 11/15/83 Expenditures. 48 FR 51936 (LR-144- 76). 1.453-2..................... FR Doc. 84-891

Installment Published 1/13/84 Obligations 49 FR 1742 (LR-184- Received From 80).

Liquidating Corporations. 1.6050J-2................... FR Doc. 84-23131 Returns Relating to Published 8/31/84 Transfers of 49 FR 34518 (LR-182- Security to Persons 84).

Other Than the Lender. 1.131-1..................... FR Doc. 85-2718 Exclusion From Gross Published 2/1/85 50 Income for Certain FR 4702 (LR-83-83). Foster Care Payments.

Robert E. Wenzel, Deputy Commissioner of Internal Revenue.

[FR Doc. 98-33868Filed12-22-98; 8:45 am]

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