Federal Register: November 15, 2004 (Volume 69, Number 219)
DOCID: FR Doc 04-25324
DEPARTMENT OF THE TREASURY
Internal Revenue Service
CFR Citation: 26 CFR Part 1
RIN ID: RIN 1545-BD49
REG ID: [REG-129771-04]
NOTICE: PROPOSED RULES
ACTION: Income taxes:
DOCUMENT ACTION: Cancellation of notice of public hearing on proposed rulemaking.
Guidance Under Section 951 for Determining Pro Rata Share; Hearing Cancellation
DATES: The public hearing originally scheduled for November 18, 2004, at 10 a.m., is cancelled.
This document cancels a public hearing on proposed regulations under section 951(a) of the Internal Revenue Code (Code) that provide guidance for determining a United States shareholder's pro rata share of a controlled foreign corporation's (CFC's) subpart F income, previously excluded subpart F income withdrawn from investment in less developed countries, previously excluded subpart F income withdrawn from foreign base company shipping operations, and amounts determined under section 956.
Controlled foreign corporations’ subpart F income; U.S. shareholder's pro rate share; determination guidance; hearing cancellation,
A notice of proposed rulemaking and notice of public hearing that appeared in Federal Register on Friday, August 6, 2004, (69 FR 47822), announced that a public hearing was scheduled for November 18, 2004, at 10 a.m., in the IRS Auditorium, Internal Revenue Service Building, 1111 Constitution Avenue, NW., Washington, DC. The subject of the public hearing is under section 951(a) of the Internal Revenue Code.
The public comment period for these regulations expired on November
4, 2004. The notice of proposed rulemaking and notice of public
hearing, instructed those interested in testifying at the public
hearing to submit a request to speak and an outline of the topics to be
addressed. As of Tuesday, November 9, 2004, no one has requested to
speak. Therefore, the public hearing scheduled for November 18, 2004, is cancelled.
Cynthia E. Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedures and Administration). [FR Doc. 0425324 Filed 11904; 3:46 pm]
BILLING CODE 483001P
FOR FURTHER INFORMATION CONTACT
Sonya M. Cruse of the Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedures and Administration), at (202) 6224693 (not a tollfree number).