96-632. Treatment of Underwriters in Section 351 and Section 721 Transactions; Hearing Cancellation

[Federal Register Volume 61, Number 14 (Monday, January 22, 1996)]
[Proposed Rules]
[Page 1545]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-632]



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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[CO-26-95]
RIN 1545-AT55


Treatment of Underwriters in Section 351 and Section 721 
Transactions; Hearing Cancellation

AGENCY: Internal Revenue Service, Treasury.

ACTION: Cancellation of notice of public hearing on proposed 
regulations.

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SUMMARY: This document provides notice of cancellation of a public 
hearing on proposed regulations relating to the transfer of cash to a 
corporation or a partnership. The proposed regulations will affect 
taxpayers in transactions intended to qualify under section 351 and 
section 721 when there is an offering of stock or partnership interests 
through an underwriter.

DATES: The public hearing originally scheduled for Wednesday, January 
17, 1996, beginning at 10 a.m. is cancelled.

FOR FURTHER INFORMATION CONTACT: Mike Slaughter of the Regulations 
Unit, Assistant Chief Counsel (Corporate), [phone], (not a toll-
free number).

SUPPLEMENTARY INFORMATION: The subject of the public hearing is 
proposed regulations under sections 351 and 721 of the Internal Revenue 
Code. A notice of proposed rulemaking and notice of public hearing 
appearing in the Federal Register on Thursday, August 10, 1995 (60 FR 
40792) announced that the public hearing on proposed regulations under 
sections 351 and 721 of the Internal Revenue Code would be held on 
Wednesday, January 17, 1996, beginning at 10 a.m., in the IRS 
Auditorium Internal Revenue Building, 1111 Constitution Avenue NW., 
Washington, D.C.
    The public hearing scheduled for Wednesday, January 17, 1996, is 
cancelled.
CYNTHIA E. GRIGSBY,
Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 96-632 Filed 1-16-96; 3:56 pm]
BILLING CODE 4830-01-U