[Federal Register: October 25, 2006 (Volume 71, Number 206)]
[Proposed Rules]               
[Page 62407]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr25oc06-13]                         

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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-112994-06]
RIN 1545-BF47

 
Guidance Under Section 7874 Regarding Expatriated Entities and 
Their Foreign Parents; Hearing Cancellation

AGENCY: Internal Revenue Service, Treasury.

ACTION: Cancellation of notice of public hearing on proposed 
rulemaking.

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SUMMARY: This document cancels a public hearing on proposed regulations 
under section 7874 of the Internal Revenue Code relating to the 
determination of whether a foreign entity shall be treated as a 
surrogate foreign corporation under section 7874(a)(2)(B).

DATES: The public hearing, originally scheduled for October 31, 2006, 
at 10 a.m. is cancelled.

FOR FURTHER INFORMATION CONTACT: Kelly Banks of the Publications and 
Regulations Branch, Legal Processing Division, Associate Chief Counsel 
(Procedure and Administration), at (202) 622-0392 (not a toll-free 
number).

SUPPLEMENTARY INFORMATION: A notice of proposed rulemaking by cross-
reference to temporary regulations and notice of public hearing that 
appeared in the Federal Register on Wednesday, August 16, 2006 (71 FR 
47158), announced that a public hearing was scheduled for October 31, 
2006, at 10 a.m. in the auditorium, Internal Revenue Service, New 
Carrollton Building, 5000 Ellin Road, Lanham, MD 20706. The subject of 
the public hearing is under section 7874 of the Internal Revenue Code.
    The public comment period for these regulations expired on October 
10, 2006. The notice of proposed rulemaking by cross-reference to 
temporary regulations 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 Wednesday, 
October 18, 2006, no one has requested to speak. Therefore, the public 
hearing scheduled for October 31, 2006 is cancelled.

LaNita VanDyke,
Federal Register Liaison, Publications and Regulations Branch, Legal 
Processing Division, Associate Chief Counsel, (Procedure and 
Administration).
[FR Doc. E6-17811 Filed 10-24-06; 8:45 am]

BILLING CODE 4830-01-P