[Federal Register Volume 85, Number 151 (Wednesday, August 5, 2020)]
[Proposed Rules]
[Pages 47323-47324]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-17126]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-113295-18]
RIN 1545-BO87


Effect of Section 67(g) on Trusts and Estates; 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 
that proposed regulations clarifying that certain deductions allowed to 
an estate or nongrantor trust are not miscellaneous itemized deductions 
and thus are not affected by the suspension of the deductibility of 
miscellaneous itemized deductions for taxable years beginning after 
December 31, 2017 and before January 1, 2026. The proposed regulations 
also provide guidance on

[[Page 47324]]

determining the character, amount, and allocation of deductions in 
excess of gross income succeeded to by a beneficiary on the termination 
of an estate or non-grantor trust.

DATES: The teleconference public hearing, originally scheduled for 
Wednesday, August 12, 2020 at 10 a.m. is cancelled.

FOR FURTHER INFORMATION CONTACT: Regina Johnson of the Publications and 
Regulations Branch, Legal Processing Division, Associate Chief Counsel 
(Procedure and Administration) at (202) 317-5177 (not a toll-free 
number) or at [email protected].

SUPPLEMENTARY INFORMATION: A proposed rule;notice of public hearing 
that appeared in the Federal Register on July 17, 2020 (85 FR 43512) 
announced that a public hearing was scheduled for Wednesday, August 12 
at 10 a.m. as a teleconference public hearing, Internal Revenue Service 
Building, 1111 Constitution Avenue NW, Washington, DC. The subject of 
the public hearing is under section 67(g) of the Internal Revenue Code.
    The public comment period for these regulations expired June 25, 
2020. The notice of proposed rulemaking and notice of hearing 
instructed those interested in testifying at the public hearing to 
submit an outline of the topics to be discussed. The outline of topics 
to be discussed was due by July 29, 2020. As of July 29, 2020, no one 
has requested to speak. Therefore, the public hearing scheduled for 
August 12, 2020 at 10:00 a.m. is cancelled.

Martin V. Franks,
Branch Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 2020-17126 Filed 8-4-20; 8:45 am]
BILLING CODE 4830-01-P