Internal Revenue Service (IRS), Treasury.
Withdrawal of notice of proposed rulemaking.
This document withdraws the proposed regulation seeking to clarify that if a bank is an S corporation within the meaning of section 1361(a)(1), its status as an S corporation does not affect the applicability of the special rules for banks under the Internal Revenue Code.Start Further Info
FOR FURTHER INFORMATION CONTACT:
Laura Fields at (202) 622-3050 (not a toll-free number).End Further Info End Preamble Start Supplemental Information
On August 24, 2006, the Treasury Department and the IRS published in the Federal Register (71 FR 50007) a notice of proposed rulemaking under section 1363 (REG-158677-05), relating to the applicability of the special banking rules to banks that are S corporations within the meaning of section 1361(a)(1) of the Internal Revenue Code.
The Treasury Department and the IRS received written comments on the proposed regulation from various interested parties. The Treasury Department and the IRS have decided to withdraw the proposed regulation.Start List of Subjects
List of Subjects in 26 CFR Part 1End List of Subjects
Withdrawal of Notice of Proposed RulemakingStart Signature
Steven T. Miller,
Deputy Commissioner for Services and Enforcement.
[FR Doc. 2011-27631 Filed 10-25-11; 8:45 am]
BILLING CODE 4830-01-P