Benefit Restrictions for Underfunded Pension Plans

Fri, Nov 16 2007 11:00:00 GMT

Correction

In proposed rule document 074262 beginning on page 50544 in the issue of Friday, August 31, 2007, make the following correction:

On page 50556, in the first column, in the third bullet point, the second sentence, beginning with ``The notice is required...'' should begin its own paragraph.
[FR Doc. C74262 Filed 111507; 8:45 am]
BILLING CODE 150501D

Update and Revision of Sections 1.381(c)(4)-1 and 1.381(c)(5)-1

Fri, Nov 16 2007 11:00:00 GMT

This document contains proposed regulations that provide guidance under sections 381(c)(4) and (c)(5) of the Internal Revenue Code (Code) relating to the accounting method or combination of methods, including the inventory method, to use after certain corporate reorganizations and taxfree liquidations. These proposed regulations clarify and simplify the existing regulations under sections 381(c)(4) and (c)(5). The regulations affect corporations that acquire the assets of other corporations in transactions described in section 381(a).

The Federal Register

Benefit Restrictions for Underfunded Pension Plans

Update and Revision of Sections 1.381(c)(4)-1 and 1.381(c)(5)-1