[Federal Register Volume 77, Number 194 (Friday, October 5, 2012)]
[Proposed Rules]
[Page 60959]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-24670]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-134042-07]
RIN 1545-BG81


Basis of Indebtedness of S Corporations to Their Shareholders; 
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 regulations 
under section 1366 of the Internal Revenue Code; relating to basis of 
indebtedness of S corporations to their shareholders.

DATES: The public hearing originally scheduled for October 9, 2012 at 
10 a.m. is cancelled.

FOR FURTHER INFORMATION CONTACT: Oluwafunmilayo 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 correction to a notice of proposed 
rulemaking and a notice of public hearing that appeared in the Federal 
Register on July 5, 2012 (77 FR 39655) announced that a public hearing 
was scheduled for October 9, 2012, 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 1366 of the 
Internal Revenue Code.
    The public comment period for these regulations expired on 
September 10, 2012. 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 Monday, October 1, 2012, no one has requested to 
speak. Therefore, the public hearing scheduled for October 9, 2012, is 
cancelled.

LaNita VanDyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel, Procedure and Administration.
[FR Doc. 2012-24670 Filed 10-4-12; 8:45 am]
BILLING CODE 4830-01-P