[Federal Register Volume 63, Number 150 (Wednesday, August 5, 1998)]
[Proposed Rules]
[Pages 41754-41755]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-20941]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[REG-209682-94]
RIN 1545-AS39
Adjustments Following Sales of Partnership Interests
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Change of time and location of public hearing, and extension of
time to request to speak.
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SUMMARY: This document changes the time and location of the public
hearing and extends the date by which commentators should submit
requests to speak on proposed regulations relating to the optional
adjustments to the basis of partnership property following certain
transfers of partnership interests under section 743, the calculation
of gain or loss under section 751(a) following the sale or exchange of
a partnership interest, the allocation of basis adjustments among
partnership assets under section 755, the allocation of a partner's
basis in its partnership interest to properties distributed to the
partner by the partnership under section 732(c), and the computation of
a partner's proportionate share of the adjusted basis of depreciable
property (or depreciable real property) under section 1017. In
addition, this document announces that persons wishing to testify who
are outside the Washington, DC area will be able to make their
presentations from a remote teleconference site in Los Angeles, CA.
DATES: The public hearing is being held on Thursday, September 10,
1998, beginning at 1 p.m. (EDT). Requests to speak and outlines of oral
comments must be received by Thursday, August 27, 1998.
ADDRESSES: The public hearing will be held in room 3411, Internal
Revenue Building, 1111 Constitution Avenue, NW., Washington, DC. The
address of the remote teleconference site is listed below under
Supplementary Information.
Requests to speak and outlines of oral comments should be mailed to
Room 5226, Internal Revenue Service, POB 7604, Ben Franklin Station,
Washington, DC 20044. Submissions may be hand delivered between the
hours of 8 a.m. and 5 p.m. to CC:DOM:CORP:R (REG-209682-94), Courier's
Desk, 1111 Constitution Avenue, NW., Washington, DC. Alternatively,
taxpayers may submit comments electronically via the Internet
[[Page 41755]]
by selecting the ``Tax Regs'' option on the IRS Home Page, or by
submitting comments directly to the IRS Internet site at http://
www.irs.ustreas.gov/prod/tax-reg/comments.html.
FOR FURTHER INFORMATION CONTACT: LaNita VanDyke of the Regulations
Unit, Assistant Chief Counsel (Corporate), (202) 622-7180 (not a toll-
free number).
SUPPLEMENTARY INFORMATION: A notice of proposed rulemaking and notice
of public hearing appearing in the Federal Register on Thursday,
January 29, 1998 (63 FR 4408), announced that a public hearing with
respect to proposed regulations relating to adjustments to a partner's
basis in its partnership interest and a partnership's basis in its
assets would be held on Wednesday, July 8, 1998, beginning at 10 a.m.
in the IRS Auditorium, Internal Revenue Building, 1111 Constitution
Avenue, NW., Washington DC, and that requests to speak and outlines of
oral comments should be received by Wednesday, June 24, 1998.
The date and the time of the public hearing have changed. The room
number of the Washington, DC location has changed, and one remote
teleconference site has been added.
The hearing will be held in room 3411 of the Internal Revenue
Building, 1111 Constitution Avenue, NW., Washington, DC. The remote
teleconference site is in room 5003 of the Federal Building, 5th Floor,
300 N. Los Angeles Street, Los Angeles, California.
The public hearing will be begin at 1 p.m. (EDT); attendees will be
admitted beyond the lobby of the Internal Revenue Building in
Washington, DC after 12:30 p.m. The hearing time at the remote
teleconference site in Los Angeles will be concurrent with the hearing
in Washington, DC. (10 a.m. PDT).
Requests to speak and outlines of oral comments should be received
by Thursday, August 27, 1998. All persons who have notified the Service
by Thursday, August 27, 1998, of their desire to testify will be given
the opportunity to do so. Requests should specify the site from which
the speaker wishes to testify; if no specific site is named, the
speaker will be scheduled to appear in Washington, DC. Requests to
testify in Los Angeles should include a telephone number in case the
Service needs to contact the speaker prior to the public hearing.
Due to limited seating capacity at the remote teleconference site,
no more than 12 people may be accommodated at any one time in the
teleconference room. Seating in the teleconference room will be made
available based on the order of presentations. IRS personnel will be
available at the remote teleconference site to assist speakers in using
the teleconference equipment.
The Service will prepare an agenda showing the scheduling of
speakers and will make copies of the agenda available free of charge at
the hearing. Testimony will begin with the speakers in Los Angeles, and
will conclude with presentations by the speakers in Washington, DC.
Cynthia Grigsby,
Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 98-20941 Filed 8-4-98; 8:45 am]
BILLING CODE 4830-01-U