[Federal Register Volume 72, Number 139 (Friday, July 20, 2007)]
[Proposed Rules]
[Page 39770]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-14082]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-144859-04]
RIN 1545-BD72


Section 1367 Regarding Open Account Debt; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

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

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SUMMARY: This document cancels a public hearing on proposed regulations 
under section 1367 of the Internal Revenue Code relating to the 
treatment of open account debt between S corporations and their 
shareholders.

DATES: The public hearing, originally scheduled for July 31, 2007, at 
10 a.m., is cancelled.

FOR FURTHER INFORMATION CONTACT: Richard A. Hurst of the Publications 
and Regulations Branch, Legal Processing Division, Associate Chief 
Counsel (Procedure and Administration), at 
[email protected].

SUPPLEMENTARY INFORMATION: A notice of public hearing that appeared in 
the Federal Register on Thursday, April 12, 2007 (72 FR 18417), 
announced that a public hearing was scheduled for July 31, 2007, at 10 
a.m., in the IRS Auditorium, Internal Revenue Building, 1111 
Constitution Avenue, NW., Washington, DC. The subject of the public 
hearing is under section 1367 of the Internal Revenue Code.
    The public comment period for these regulations expired on July 11, 
2007. The notice of proposed rulemaking and notice of public hearing 
instructed those interested in testifying at the public hearing to 
submit a request to speak and an outline of the topics to be addressed. 
As of Tuesday, July 17, 2007, no one has requested to speak. Therefore, 
the public hearing scheduled for July 31, 2007, is cancelled.

LaNita Van Dyke
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. E7-14082 Filed 7-19-07; 8:45 am]
BILLING CODE 4830-01-P