[Federal Register Volume 63, Number 156 (Thursday, August 13, 1998)]
[Proposed Rules]
[Pages 43353-43354]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-21638]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[REG-251698-96]
RIN 1545-AU77
S Corporation Subsidiaries; Hearing
AGENCY: Internal Revenue Service, Treasury.
ACTION: Notice of public hearing on proposed regulations.
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SUMMARY: This document provides notice of a public hearing on proposed
regulations relating to the treatment of corporate subsidiaries of S
corporations. In addition, this document announces that persons wishing
to testify who are outside the Washington, DC area, will be able to
make their presentations from one of two Internal Revenue Service
remote teleconference sites.
DATES: The public hearing will be held on Wednesday, September 9, 1998,
beginning at 1:00 p.m. (EDT). Requests to speak and outlines of oral
comments must be received by Wednesday, August 20, 1998.
ADDRESSES: The public hearing will be held in room 3411, Internal
Revenue Building, 1111 Constitution Avenue, NW, Washington, DC. The
addresses of the remote teleconference sites are listed below under
Supplementary Information.
FOR FURTHER INFORMATION CONTACT: Mike Slaughter of the Regulations
Unit, Assistant Chief Counsel (Corporate), (202) 622-7180 (not a toll-
free number).
SUPPLEMENTARY INFORMATION: The subject of the public hearing is
proposed regulations under section 1308 of the Internal Revenue Code.
These proposed regulations appeared in the Federal Register (63 FR
19864) on Wednesday, April 22, 1998.
The hearing will be held in room 3411 of the Internal Revenue
Building, 1111 Constitution Avenue, NW. Washington, DC, and in two
teleconference sites listed below:
Federal Building, 5th Floor, Room 5003, 300 N. Los Angeles Street, Los
Angeles, California
Robert A. Young Building, 2nd Floor, Conference Room, 1222 Spruce
Street, St. Louis, MO 63103
The rules of Sec. 601.601 (a)(3) of the ``Statement of Procedural
Rules'' (26 CFR part 601) shall apply with respect to the public
hearing. Persons who have submitted written comments within the time
prescribed in the notice of proposed rulemaking and who also desire to
present oral comments at the hearing on the proposed regulations should
submit not later than Wednesday, August 20, 1998, an outline of the
oral comments/testimony to be presented at the hearing and the time
they wish to devote to each subject.
Each speaker (or group of speakers representing a single entity)
will be limited to 10 minutes for an oral presentation exclusive of the
time consumed by the question from the panel for the government and
answers to these questions.
Because of controlled access restriction, attendees cannot be
admitted beyond the lobby of the
[[Page 43354]]
Internal Revenue building until 12:30 p.m. Hearing times at the remote
teleconference sites will be concurrent with the hearing in Washington,
DC. (i.e., 10 a.m. PDT and 12 noon CDT)
Due to limited seating capacity at the remote teleconference sites,
no more than 12 people may be accommodated at any one time in each
teleconference room. Seating in the teleconference rooms will be made
available based on the order of presentations. IRS personnel will be
available at the remote teleconference sites to assist speakers in
using the teleconference equipment.
The Service will prepare an agenda showing the scheduling of
speakers and will make copies of the agenda available free of charge at
the hearing. Testimony will begin with the speakers at the remote
teleconference sites in the following order: Los Angeles, St. Louis,
and will conclude with presentations by the speakers in Washington, DC.
Cynthia E. Grigsby,
Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 98-21638 Filed 8-12-98; 8:45 am]
BILLING CODE CODE 8430-01-P
