97-700. Self-Employment Tax Treatment of Members of Certain Limited Liability Companies

[Federal Register Volume 62, Number 8 (Monday, January 13, 1997)]
[Proposed Rules]
[Page 1701]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-700]


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DEPARTMENT OF THE TREASURY
26 CFR Part 1

[REG-209729-94]
RIN 1545-AS94


Self-Employment Tax Treatment of Members of Certain Limited 
Liability Companies

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Withdrawal of notice of proposed rulemaking.

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SUMMARY: This document withdraws the notice of proposed rulemaking 
relating to the self-employment tax treatment of members of certain 
limited liability companies that was published in the Federal Register 
on Thursday, December 29, 1994. The proposed regulations sought to 
provide guidance concerning the applicability of certain self-
employment tax rules to certain members of limited liability companies. 
The IRS and Treasury have issued new proposed regulations that will 
provide guidance on this issue.

FOR FURTHER INFORMATION CONTACT: Robert Honigman, [phone]
    (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    On Thursday, December 29, 1994, the IRS issued proposed regulations 
(EE-45-94) relating to the self-employment tax treatment of members of 
certain limited liability companies (59 FR 67253). Upon consideration 
of the written comments received and the oral comments made at the 
public hearing held on June 23,1995, the IRS has decided to withdraw 
those proposed regulations.

List of Subjects in 26 CFR Part 1

    Income taxes, Reporting and recordkeeping requirements.

Withdrawal of Notice of Proposed Rulemaking

    Accordingly, under the authority of 26 U.S.C. 7805, the notice of 
proposed rulemaking that was published in the Federal Register on 
Thursday, December 29, 1994, at 59 FR 67253, is withdrawn.
Margaret Milner Richardson,
Commissioner of Internal Revenue.
[FR Doc. 97-700 Filed 1-10-97; 8:45 am]
BILLING CODE 4830-01-U