[Federal Register Volume 70, Number 5 (Friday, January 7, 2005)]
[Proposed Rules]
[Page 1400]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-393]


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

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 
Cancellation

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Cancellation of notice of public hearing on proposed 
rulemaking.

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

SUMMARY: This document provides cancellation of a public hearing for 
proposed regulations that 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 characterizing and allocating partnership 
liabilities.

DATES: The public hearing originally scheduled for January 14, 2005, at 
10 a.m., is cancelled.

FOR FURTHER INFORMATION CONTACT: Robin R. Jones of the Publications and 
Regulations Branch, Legal Processing Division at (202) 622-7180 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION: A notice of proposed rulemaking appeared in 
the Federal Register on Thursday, August 12, 2004 (69 FR 49832). The 
notice of public hearing appeared in the Federal Register on Tuesday, 
November 30, 2004 (69 FR 69557) announcing that a public hearing was 
scheduled for January 14, 2005, at 10 a.m., in the auditorium. The 
subject of the public hearing is proposed regulations under section 752 
of the Internal Revenue Code. The public comment period for these 
regulations expired on November 10, 2004. Outlines of oral comments 
were due on December 24, 2004.
    The notice of public hearing, instructed those interested in 
testifying at the public hearing to submit an outline of the topics to 
be addressed. As of Tuesday, January 4, 2005, no one has requested to 
speak. Therefore, the public hearing scheduled for January 14, 2005, is 
cancelled.

Cynthia E. Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel (Procedure and Administration).
[FR Doc. 05-393 Filed 1-4-05; 4:19 pm]
BILLING CODE 4830-01-U