[Federal Register Volume 60, Number 245 (Thursday, December 21, 1995)]
[Proposed Rules]
[Pages 66227-66228]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-30735]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[INTL-52-86]
RIN 1545-AL99
Statements to Recipients of Dividends and Patronage Dividends
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Partial withdrawal of a notice of proposed rulemaking.
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SUMMARY: This document withdraws a portion of the notice of proposed
rulemaking under sections 6042 and 6044 of the Internal Revenue Code
that was published in the Federal Register on February 29, 1988, as
proposed to be amended on September 27, 1990. The proposed regulations
prescribed rules for official statements to recipients of dividends and
patronage dividends paid after December 31, 1983.
DATES: This withdrawal is effective on December 21, 1995.
FOR FURTHER INFORMATION CONTACT: Renay France, (202)622-4910 (not a
toll-free number).
SUPPLEMENTARY INFORMATION:
Background
On February 29, 1988, the IRS issued proposed regulations on backup
withholding (INTL-52-86, 53 FR 5991). The proposed regulations related,
in part, to official statements to recipients of dividends and
patronage dividends under sections 6042 and 6044, respectively
(proposed Secs. 1.6042-5 and 1.6044-6). On September 27, 1990, the IRS
issued additional proposed regulations on backup withholding (IA-224-
82, 55 FR 39427). Those proposed
[[Page 66228]]
regulations contained amendments to the regulations previously proposed
under sections 6042 and 6044.
In the Rules and Regulations section of this issue of the Federal
Register, the IRS is issuing final regulations relating to backup
withholding that were proposed in INTL-52-86 and IA- 224-82. Those
final regulations do not include proposed Secs. 1.6042-5 and 1.6044-6.
Further, when the IRS issues additional final regulations that were
proposed under INTL-52-86, those additional final regulations will not
include proposed Secs. 1.6042- 5 and 1.6044-6. Accordingly, this
document withdraws those proposed regulations sections. See
Secs. 1.6042-4 and 1.6044-5 of the final regulations for substantive
rules proposed under the withdrawn sections.
List of Subjects 26 CFR Part 1
Income taxes, Reporting and recordkeeping requirements.
Withdrawal of Portion of Notice of Proposed Rulemaking
Accordingly, under the authority of 26 U.S.C. 7805, proposed
Secs. 1.6042-5 and 1.6044-6 that were published in the Federal Register
on February 29, 1988 (53 FR 5991) and amended in the Federal Register
on September 27, 1990 (55 FR 39427) are withdrawn.
Margaret Milner Richardson,
Commissioner of Internal Revenue
[FR Doc. 95-30735 Filed 12-20-95; 8:45 am]
BILLING CODE 4830-01-U
