[Federal Register Volume 87, Number 195 (Tuesday, October 11, 2022)]
[Proposed Rules]
[Page 61269]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-22039]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 20

[REG-130975-08]
RIN 1545-BI11


Guidance Under Section 2053 Regarding Deduction for Interest 
Expense and Amounts Paid Under a Personal Guarantee, Certain 
Substantiation Requirements, and Applicability of Present Value 
Concepts; Hearing Cancellation

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Cancellation of a notice of public hearing on proposed 
rulemaking.

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SUMMARY: This document cancels a public hearing on proposed regulations 
providing guidance on the proper use of present-value principles in 
determining the amount deductible by an estate for funeral expenses, 
administration expenses, and certain claims against the estate.

DATES: The public hearing originally scheduled for October 12, 2022, at 
10 a.m. EST is cancelled.

FOR FURTHER INFORMATION CONTACT: Vivian Hayes of the Publications and 
Regulations Branch, Legal Processing Division, Associate Chief Counsel 
(Procedure and Administration) at (202) 317-6901 (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 June 28, 
2022 (87 FR 38331) announced that a public hearing being held by 
teleconference was scheduled for October 12, 2022, at 10 a.m. EST. The 
subject of the public hearing is under section 2053 of the Internal 
Revenue Code.
    The public comment period for these regulations expired on 
September 26, 2022. The notice of proposed rulemaking and notice of 
public hearing instructed those interested in testifying at the public 
hearing to submit a request to testify and an outline of the topics to 
be addressed. We received one request to testify at the public hearing. 
As of October 4, 2022, the requestors have withdrawn their request to 
testify at the public hearing. Therefore, the public hearing scheduled 
for October 12, 2022, at 10 a.m. EST is cancelled.

Oluwafunmilayo A. Taylor,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 2022-22039 Filed 10-7-22; 8:45 am]
BILLING CODE 4830-01-P