[Federal Register Volume 63, Number 246 (Wednesday, December 23, 1998)]
[Proposed Rules]
[Page 71047]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-33868]



[[Page 71047]]

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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-116099-98]
RIN 1545-AB43, 1545-AF52


Withdrawal of Proposed Regulations

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Withdrawal of proposed regulations.

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SUMMARY: This document withdraws proposed regulations amending the 
income tax regulations. This action is taken to remove from the IRS' 
inventory of regulations projects those proposed regulations that are 
in an inactive status and would remain in an inactive status for the 
foreseeable future.

DATES: These proposed regulations are withdrawn December 23, 1998.

FOR FURTHER INFORMATION CONTACT: George Bradley of the Office of the 
Assistant Chief Counsel (Income Tax & Accounting), Internal Revenue 
Service, 1111 Constitution Ave., NW., Washington, DC 20224. Telephone 
(202) 622-4920, not a toll-free number.

SUPPLEMENTARY INFORMATION:

Background

    This document withdraws certain proposed regulations previously 
published in the Federal Register by the IRS. These proposed 
regulations are being withdrawn because they are part of regulations 
projects that will not be pursued in the foreseeable future, and there 
are no current plans to adopt the proposed regulations as final 
regulations.

Drafting Information

    The principal author of this withdrawal notice is George H. 
Bradley, Office of the Assistant Chief Counsel (Income Tax & 
Accounting) within the Office of the Chief Counsel, Internal Revenue 
Service. Other personnel from the Internal Revenue Service and the 
Treasury Department participated in developing the withdrawal notice.

List of Subjects 26 CFR Part 1

    Income taxes, Reporting and recordkeeping requirements.

Withdrawal of Proposed Amendments to the Regulations

    Accordingly, under the authority of 26 U.S.C. 7805, the following 
proposed amendments to 26 CFR part 1 are withdrawn:

------------------------------------------------------------------------
   Amendments Relating to
    Proposed Regulations         FR Citation and           Subject
          Section:               Project Number
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1.162, 1.162-16, 1.461-       FR Doc. 71-9954       Transfer of
 1(a)(3)(iii), 1.1016,         Published 7/15/71     Franchises,
 1.1253, 1.1253-1, 1.1253-2,   36 FR 13148.          Trademarks, and
 1.1253-3.                                           Trade Names.
1.381(c)(4)-1(c)(1),          FR Doc. 72-14187      Carryover of
 1.381(c)(4)-1(c)(3) Example   Published 8/23/72     Inventories and
 (5), 1.381(c)(4)-             37 FR 16947.          Accounting Methods
 1(d)(1)(iii), 1.381(c)(5),                          in Certain
 1.381(c)(5)-1.                                      Corporate
                                                     Acquisitions.
1.351-1(c)(1)(ii), 1.351-     FR Doc. 80-40833      Limitations on
 1(c)(4), 1.351-1(c)(5)(i),    Published 1/7/81 46   Reorganization
 1.351-1(c)(5)(ii), 1.351-     FR 1744 (LR-135-76).  Treatment for
 1(c)(6) Examples (3) &                              Investment
 (4),, 1.368-4.                                      Companies.
1.278-2, 1.464-1, 1.464-2...  FR Doc. 83-30789      Farming Syndicate
                               Published 11/15/83    Expenditures.
                               48 FR 51936 (LR-144-
                               76).
1.453-2.....................  FR Doc. 84-891        Installment
                               Published 1/13/84     Obligations
                               49 FR 1742 (LR-184-   Received From
                               80).                  Liquidating
                                                     Corporations.
1.6050J-2...................  FR Doc. 84-23131      Returns Relating to
                               Published 8/31/84     Transfers of
                               49 FR 34518 (LR-182-  Security to Persons
                               84).                  Other Than the
                                                     Lender.
1.131-1.....................  FR Doc. 85-2718       Exclusion From Gross
                               Published 2/1/85 50   Income for Certain
                               FR 4702 (LR-83-83).   Foster Care
                                                     Payments.
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Robert E. Wenzel,
Deputy Commissioner of Internal Revenue.
[FR Doc. 98-33868 Filed 12-22-98; 8:45 am]
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