[Federal Register Volume 69, Number 229 (Tuesday, November 30, 2004)]
[Proposed Rules]
[Page 69557]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-26416]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-128767-04]
RIN 1545-BD48


Treatment of Disregarded Entities under Section 752; Hearing

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of public hearing for proposed rulemaking.

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SUMMARY: This document provides notice of a public hearing for proposed 
regulations provide rules under section 752 for taking into account 
certain obligations of a business entity that is disregarded as 
separate from its owner under section 856(i), 1361(b)(3), or Sec. Sec.  
301.7701-1 through 301.7701-3 (disregarded entity) for purposes of 
charactering and allocating partnership liabilities.

DATES: The public hearing is scheduled for Friday, January 14, 2005, at 
10 a.m. The IRS must receive outlines of the topics to be discussed at 
the public hearing by Friday, December 24, 2004.

ADDRESSES: The public hearing is being held in the auditorium, Internal 
Revenue Building, 1111 Constitution Avenue, NW., Washington, DC. Due to 
building security procedures, visitors must enter at the Constitution 
Avenue entrance. In addition, all visitors must present photo 
identification to enter the building.
    Mail outlines to: Publications and Regulations Branch CC:PA:LPD:PR 
(REG-128767-04), room 5203, Internal Revenue Service, POB 7604, Ben 
Franklin Station, Washington, DC 20044. Hand deliver outlines Monday 
through Friday between the hours of 8 a.m. and 4 p.m. to: Publications 
and Regulations Branch CC:PA:LPD:PR (REG-128767-04), Couriers Desk, 
Internal Revenue Service, 1111 Constitution Avenue, NW., Washington, 
DC. Submit outlines electronically directly to the IRS Internet site at 
http://www.irs.gov/regs or via the Federal eRulemaking Portal at: 
http://www.regulations.gov (IRS-REG-128767-04).

FOR FURTHER INFORMATION CONTACT: Concerning submissions of comments, 
the hearing, and/or to be placed on the building access list to attend 
the hearing Robin Jones (202) 622-7180 (not a toll-free number).

SUPPLEMENTARY INFORMATION: The subject of the public hearing is the 
notice of proposed regulations (REG-128767-04) that was published in 
the Federal Register on August, 12, 2004 (69 FR 49832).
    The rules of 26 CFR 601.601(a)(3) apply to the hearing. Persons who 
have submitted written or electronic comments and wish to present oral 
comments at the hearing must submit an outline of the topics to be 
discussed and the amount of time to be devoted to each topic (signed 
original and eight (8) copies) by December 24, 2004.
    A period of 10 minutes is allotted to each person for presenting 
oral comments. After the deadline for receiving outlines has passed, 
the IRS will prepare an agenda containing the schedule of speakers. 
Copies of the agenda will be made available, free of charge, at the 
hearing. Because of access restrictions, the IRS will not admit 
visitors beyond the immediate entrance area more than 30 minutes before 
the hearing starts.
    For information about having your name placed on the building 
access list to attend the hearing, see the FOR FURTHER INFORMATION 
CONTACT section of this document.

Cynthia E. Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel (Procedures and Administration).
[FR Doc. 04-26416 Filed 11-29-04; 8:45 am]
BILLING CODE 4830-01-P