[Federal Register Volume 60, Number 245 (Thursday, December 21, 1995)]
[Proposed Rules]
[Pages 66227-66228]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-30735]



=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[INTL-52-86]
RIN 1545-AL99


Statements to Recipients of Dividends and Patronage Dividends

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Partial withdrawal of a notice of proposed rulemaking.

-----------------------------------------------------------------------

SUMMARY: This document withdraws a portion of the notice of proposed 
rulemaking under sections 6042 and 6044 of the Internal Revenue Code 
that was published in the Federal Register on February 29, 1988, as 
proposed to be amended on September 27, 1990. The proposed regulations 
prescribed rules for official statements to recipients of dividends and 
patronage dividends paid after December 31, 1983.

DATES: This withdrawal is effective on December 21, 1995.

FOR FURTHER INFORMATION CONTACT: Renay France, (202)622-4910 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    On February 29, 1988, the IRS issued proposed regulations on backup 
withholding (INTL-52-86, 53 FR 5991). The proposed regulations related, 
in part, to official statements to recipients of dividends and 
patronage dividends under sections 6042 and 6044, respectively 
(proposed Secs. 1.6042-5 and 1.6044-6). On September 27, 1990, the IRS 
issued additional proposed regulations on backup withholding (IA-224-
82, 55 FR 39427). Those proposed

[[Page 66228]]

regulations contained amendments to the regulations previously proposed 
under sections 6042 and 6044.
    In the Rules and Regulations section of this issue of the Federal 
Register, the IRS is issuing final regulations relating to backup 
withholding that were proposed in INTL-52-86 and IA- 224-82. Those 
final regulations do not include proposed Secs. 1.6042-5 and 1.6044-6. 
Further, when the IRS issues additional final regulations that were 
proposed under INTL-52-86, those additional final regulations will not 
include proposed Secs. 1.6042- 5 and 1.6044-6. Accordingly, this 
document withdraws those proposed regulations sections. See 
Secs. 1.6042-4 and 1.6044-5 of the final regulations for substantive 
rules proposed under the withdrawn sections.

List of Subjects 26 CFR Part 1

    Income taxes, Reporting and recordkeeping requirements.

Withdrawal of Portion of Notice of Proposed Rulemaking

    Accordingly, under the authority of 26 U.S.C. 7805, proposed 
Secs. 1.6042-5 and 1.6044-6 that were published in the Federal Register 
on February 29, 1988 (53 FR 5991) and amended in the Federal Register 
on September 27, 1990 (55 FR 39427) are withdrawn.

Margaret Milner Richardson,
Commissioner of Internal Revenue
[FR Doc. 95-30735 Filed 12-20-95; 8:45 am]
BILLING CODE 4830-01-U