[Federal Register Volume 85, Number 74 (Thursday, April 16, 2020)]
[Proposed Rules]
[Pages 21129-21130]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-07562]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Parts 1 and 301

[REG-132529-17]
RIN 1545-BO13


Computation and Reporting of Reserves for Life Insurance 
Companies; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of proposed rulemaking; correction.

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SUMMARY: This document contains a correction to the notice of proposed 
rulemaking that was published in the Federal Register on Thursday, 
April 2, 2020. The proposed regulations in the notice of proposed 
rulemaking provide guidance on the computation of life insurance 
reserves and the change in basis of computing certain reserves of 
insurance companies.

DATES: Written or electronic comments and requests for a public hearing 
are still being accepted and must be received by June 1, 2020. This 
correction is applicable on and after April 2, 2020.

ADDRESSES: Commenters are strongly encouraged to submit public comments 
electronically. Submit electronic submissions via the Federal 
eRulemaking Portal at www.regulations.gov (indicate IRS and REG-132529-
17) by following the online instructions for submitting comments. Once 
submitted to the Federal eRulemaking Portal, comments cannot be edited 
or withdrawn. The IRS expects to have limited personnel available to 
process public comments that are submitted on paper by mail. Until 
further notice, any comments submitted on paper will be considered to 
the extent practicable. The Department of the Treasury (Treasury 
Department) and the IRS will publish for public availability any 
comment submitted electronically, and to the extent practicable on 
paper, to its public docket.
    Send paper submissions to: CC:PA:LPD:PR (REG-132529-17), Room

[[Page 21130]]

5203, Internal Revenue Service, P.O. Box 7604, Ben Franklin Station, 
Washington, DC 20044.

FOR FURTHER INFORMATION CONTACT: Dan Phillips, (202) 317-6995 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The proposed regulations in the notice of proposed rulemaking, 
which is the subject of this correction, were issued primarily under 
section 807 of the Internal Revenue Code.

Need for Correction

    As published, the notice of proposed rulemaking (REG-132529-17) 
contains an error that needs to be corrected.

Correction of Publication

    Accordingly, the notice of proposed rulemaking (REG-132529-17) that 
is the subject of FR Doc. 2020-05701, published on April 2, 2020 (85 FR 
18496), is corrected as follows:
    On page 18504, in the third column, the second paragraph is deleted 
in its entirety.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2020-07562 Filed 4-15-20; 8:45 am]
BILLING CODE 4830-01-P