[Federal Register Volume 73, Number 7 (Thursday, January 10, 2008)]
[Proposed Rules]
[Page 1850]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-220]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-118886-06]
RIN 1545-BF65


Clarification to Section 6411 Regulations; Hearing

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of public hearing on proposed rulemaking.

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SUMMARY: This document provides notice of a public hearing on a notice 
of proposed rulemaking under section 6411 of the Internal Revenue Code 
relating to the computation and allowance of the tentative carryback 
adjustment. These regulations clarify that for purposes of allowing the 
tentative adjustment, the IRS may credit or reduce the tentative 
adjustment by an assessed tax liability, whether or not that tax 
liability was assessed before the date the application for tentative 
carryback is filed, and other unassessed liabilities in certain other 
circumstances.

DATES: The public hearing is being held on Tuesday, February 5, 2008, 
at 10 a.m. The IRS must receive outlines of the topics to be discussed 
at the hearing by Tuesday, January 22, 2008.

ADDRESSES: The public hearing is being held in the room 2140, Internal 
Revenue Building, 1111 Constitution Avenue, NW., Washington, DC. Send 
submissions to: CC: PA: LPD: PR (REG-118886-06), room 5203, Internal 
Revenue Service, P.O. Box 7604, Ben Franklin Station, Washington, DC 
20044. Submissions may be hand-delivered Monday through Friday between 
the hours of 8 a.m. and 4 p.m. to CC: PA: LPD: PR (REG-118886-06), 
Courier's Desk, Internal Revenue Service, 1111 Constitution Avenue, 
NW., Washington, DC. Alternatively, taxpayers may submit electronic 
outlines of oral comments via the Federal eRulemaking Portal at http://www.regulations.gov.

FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations, 
Cynthia McGreevy, (202) 622-4910; concerning submissions of comments, 
the hearing, and/or to be placed on the building access list to attend 
the hearing, Richard A. Hurst at [email protected] 
or (202) 622-7180 (not toll-free numbers).

SUPPLEMENTARY INFORMATION: The subject of the public hearing is the 
notice of proposed rulemaking (REG-118886-06) that was published in the 
Federal Register on Monday, August 27, 2007 (72 FR 48952).
    Persons who wish to present oral comments at the hearing that 
submitted written comments by November 26, 2007, 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 January 22, 2008.
    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 or in the Freedom of Information Reading Room (FOIA RR) (Room 
1621) which is located at the 11th and Pennsylvania Avenue, NW., 
entrance, 1111 Constitution Avenue, NW., Washington, DC.
    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 Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel (Procedure and Administration).
 [FR Doc. E8-220 Filed 1-9-08; 8:45 am]
BILLING CODE 4830-01-P