[Federal Register Volume 73, Number 111 (Monday, June 9, 2008)]
[Proposed Rules]
[Pages 32499-32500]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-12875]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-124590-07]
RIN 1545-BG11


Guidance Regarding Foreign Base Company Sales Income; 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 public hearing on proposed 
regulations that provide guidance relating to foreign base company 
sales income, as defined in section 954(d), in cases in which personal 
property sold by a controlled foreign corporation (CFC) is 
manufactured, produced, or constructed pursuant to a contract 
manufacturing arrangement or by one or more branches of the CFC.

DATES: The public hearing is being held on Tuesday, July 29, 2008, at 
10 a.m. The IRS must receive outlines of the topics to be discussed at 
the public hearing by Tuesday, July 8, 2008.

[[Page 32500]]


ADDRESSES: The public hearing is being held in the IRS Auditorium, 
Internal Revenue Service Building, and 1111 Constitution Avenue, NW., 
Washington, DC 20224. Send Submissions to CC:PA:LPD:PR (REG-124590-07), 
room 5205, Internal Revenue Service, P.O. Box 7604, Ben Franklin 
Station, Washington, DC 20044. Submissions may be hand-delivered Monday 
through Friday to CC:PA:LPD:PR (REG-124590-07), Couriers Desk, Internal 
Revenue Service, 1111 Constitution Avenue, NW., Washington, DC or sent 
electronically to [email protected] (REG-
124590-07).

FOR FURTHER INFORMATION CONTACT: Concerning the regulations, Ethan 
Atticks at (202) 622-3840; concerning submissions of comments, the 
hearing and/or to be placed on the building access list to attend the 
hearing Funmi Taylor at (202) 622-7180 (not toll-free numbers).

SUPPLEMENTARY INFORMATION: The subject of the public hearing is the 
notice of proposed rulemaking (REG-124590-07) that was published in the 
Federal Register on Thursday, February 28, 2008 (73 FR 10716).
    The rules of 26 CFR 601.601(a)(3) apply to the hearing. Persons who 
wish to present oral comments at the hearing that submitted written 
comments, must submit an outline of the topics to be addressed and the 
amount of time to be denoted to each topic (signed original and eight 
copies).
    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.

LaNita VanDyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. E8-12875 Filed 6-6-08; 8:45 am]
BILLING CODE 4830-01-P