-
Start Preamble
AGENCY:
Internal Revenue Service (IRS), Treasury.
Start Printed Page 9972ACTION:
Partial withdrawal of notice of proposed rulemaking.
SUMMARY:
This document withdraws a portion of a notice of proposed rulemaking (REG-107592-00) published in the Federal Register on September 28, 2007 (72 FR 55139). The withdrawn portion relates to the treatment of transactions involving the provision of insurance between members of a consolidated group.
Start Further InfoFOR FURTHER INFORMATION CONTACT:
Frances L. Kelly, (202) 622-7770 (not a toll-free number).
End Further Info End Preamble Start Supplemental InformationSUPPLEMENTARY INFORMATION:
Background
On September 28, 2007, the IRS and the Treasury Department published a notice of proposed rulemaking (REG-107592-00) in the Federal Register (72 FR 55139) which proposed to amend § 1.1502-13(g) (regarding the treatment of transactions involving obligations between members of a consolidated group) and to add § 1.1502-13(e)(2)(ii)(C) (regarding the treatment of certain transactions involving the provision of insurance between members of a consolidated group).
Under proposed § 1.1502-13(e)(2)(ii)(C), certain intercompany insurance transactions would be taken into account on a single entity basis. Written comments were received with respect to proposed § 1.1502-13(e)(2)(ii)(C). After consideration of these comments, the IRS and the Treasury Department have decided to withdraw proposed § 1.1502-13(e)(2)(ii)(C). However, the IRS and the Treasury Department continue to study whether revisions to the rules for intercompany transactions are necessary to clearly reflect the taxable income of consolidated groups.
Start List of SubjectsList of Subjects in 26 CFR Part 1
- Income taxes
- Reporting and recordkeeping requirements
Partial Withdrawal of a Notice of Proposed Rulemaking
Accordingly, under the authority of 26 U.S.C. 7805 and 26 U.S.C. 1502, § 1.1502-13(e)(2)(ii)(C) of the notice of proposed rulemaking (REG-107592-00) that was published in the Federal Register on September 28, 2007 (72 FR 55139) is withdrawn.
Start SignatureLinda E. Stiff,
Deputy Commissioner for Services and Enforcement.
[FR Doc. 08-823 Filed 2-20-08; 8:48 am]
BILLING CODE 4830-01-P
Document Information
- Published:
- 02/25/2008
- Department:
- Internal Revenue Service
- Entry Type:
- Proposed Rule
- Action:
- Partial withdrawal of notice of proposed rulemaking.
- Document Number:
- 08-823
- Pages:
- 9971-9972 (2 pages)
- Docket Numbers:
- REG-107592-00
- RINs:
- 1545-BA11: Transactions Involving Obligations of Consolidated Group Members
- RIN Links:
- https://www.federalregister.gov/regulations/1545-BA11/transactions-involving-obligations-of-consolidated-group-members
- Topics:
- Income taxes, Reporting and recordkeeping requirements
- PDF File:
- 08-823.pdf
- CFR: (1)
- 26 CFR 1