[Federal Register Volume 73, Number 225 (Thursday, November 20, 2008)]
[Proposed Rules]
[Page 70289]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-27555]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-102822-08]
RIN 1545-BH54


Section 108 Reduction of Tax Attributes for S Corporations; 
Hearing Cancellation

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 rulemaking 
that provides guidance on the manner in which an S corporation reduces 
its tax attributes under section 108(b) for taxable years in which the 
S corporation has discharge of indebtedness income that is excluded 
from gross income under section 108(a).

DATES: The public hearing, originally scheduled for December 8, 2008, 
at 10 a.m. is cancelled.

FOR FURTHER INFORMATION CONTACT: Funmi Taylor of the Publications and 
Regulations Branch, Legal Processing Division, Associate Chief Counsel 
(Procedure and Administration), at (202) 622-7180 (not a toll-free 
number).

SUPPLEMENTARY INFORMATION: A notice of proposed rulemaking and a notice 
of public hearing that appeared in the Federal Register on Wednesday, 
August 6, 2008 (73 FR 45656), announced that a public hearing was 
scheduled for December 8, 2008, 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 108 of the 
Internal Revenue Code.
    The public comment period for the proposed rulemaking expired on 
November 4, 2008. The notice of proposed rulemaking and 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 
Thursday, November 13, 2008, no one has requested to speak. Therefore, 
the public hearing scheduled for December 8, 2008, is cancelled.

LaNita VanDyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
 [FR Doc. E8-27555 Filed 11-19-08; 8:45 am]
BILLING CODE 4830-01-P