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IRS Cancels Hearing on Proposed Regs on Accounting Methods

SEP. 28, 2001

REG-106917-99; 66 F.R. 49576-49577

DATED SEP. 28, 2001
DOCUMENT ATTRIBUTES
  • Institutional Authors
    Internal Revenue Service
  • Cross-Reference
    For a summary of REG-106917-99, see Tax Notes, June 18, 2001, p.

    1984; for the full text, see Doc 2001-16760 (19 original pages) [PDF] or

    2001 TNT 117-15 Database 'Tax Notes Today 2001', View '(Number'.

    This document appeared in TNT as 2001 TNT 189-15 Database 'Tax Notes Today 2001', View '(Number' and in the AccServ &

    Microfiche as Doc 2001-25014 (2 original pages) [PDF].
  • Code Sections
  • Subject Area/Tax Topics
  • Index Terms
    accounting period, income computation
    accounting period, change
    partnerships, year of inclusion
    S corporations, year of inclusion
    foreign firms, tax year
  • Jurisdictions
  • Language
    English
  • Tax Analysts Document Number
    Doc 2001-25009 (2 original pages)
  • Tax Analysts Electronic Citation
    2001 TNT 195-122
Citations: REG-106917-99; 66 F.R. 49576-49577

 

=============== SUMMARY ===============

 

The IRS has canceled the October 2, 2001, public hearing on the proposed regulations (REG-106917-99) under sections 441, 442, 706, and 1378 that clarify the rules and procedures for adopting, changing, and retaining a taxpayer's annual accounting period. (For a summary of REG-106917-99, see Tax Notes, June 18, 2001, p. 1984; for the full text, see Doc 2001-16760 (19 original pages) [PDF] or 2001 TNT 117-15 Database 'Tax Notes Today 2001', View '(Number'.)

This document appeared in TNT as 2001 TNT 189-15 Database 'Tax Notes Today 2001', View '(Number' and in the AccServ & Microfiche as Doc 2001-25014 (2 original pages) [PDF].

 

=============== FULL TEXT ===============

 

[4830-01-p]

 

 

DEPARTMENT OF THE TREASURY

 

Internal Revenue Service

 

26 CFR Part 1, 5c, 5f, 18, and 301

 

 

[REG-106917-99]

 

 

RIN 1545-AX15

 

 

[1] AGENCY: Internal Revenue Service (IRS), Treasury.

[2] ACTION: Cancellation of notice of public hearing on proposed rulemaking.

[3] SUMMARY: This document provides notice of cancellation of a public hearing on proposed regulations under sections 441, 442, 706, 898, and 1378 of the Internal Revenue Code of 1986 that relate to certain adoptions, changes, and retentions of annual accounting periods.

[4] DATES: The public hearing originally scheduled for October 2, 2001, at 10 a.m., is cancelled.

[5] FOR FURTHER INFORMATION CONTACT: Treena Garrett of the Regulations Unit, Associate Chief Counsel (Income Tax and Accounting), (202) 622-7180 (not a toll-free number).

SUPPLEMENTARY INFORMATION

[6] A notice of proposed rulemaking and notice of public hearing that appeared in the Federal Register on June 13, 2001, (66 FR 31850), announced that a public hearing was scheduled for October 2, 2001, at 10 a.m., in the Auditorium, Internal Revenue Service Building, 1111 Constitution Avenue, NW, Washington, DC. The subject of the public hearing is proposed regulations under sections 441, 442, 706, 898, and 1378 of the Internal Revenue Code. The public comment period for these proposed regulations expired on September 11, 2001.

[7] 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 September 24, 2001, no one has requested to speak. Therefore, the public hearing scheduled for October 2, 2001, is cancelled.

Cynthia E. Grigsby

 

Chief, Regulations Unit

 

Associate Chief Counsel

 

(Income Tax and Accounting)
DOCUMENT ATTRIBUTES
  • Institutional Authors
    Internal Revenue Service
  • Cross-Reference
    For a summary of REG-106917-99, see Tax Notes, June 18, 2001, p.

    1984; for the full text, see Doc 2001-16760 (19 original pages) [PDF] or

    2001 TNT 117-15 Database 'Tax Notes Today 2001', View '(Number'.

    This document appeared in TNT as 2001 TNT 189-15 Database 'Tax Notes Today 2001', View '(Number' and in the AccServ &

    Microfiche as Doc 2001-25014 (2 original pages) [PDF].
  • Code Sections
  • Subject Area/Tax Topics
  • Index Terms
    accounting period, income computation
    accounting period, change
    partnerships, year of inclusion
    S corporations, year of inclusion
    foreign firms, tax year
  • Jurisdictions
  • Language
    English
  • Tax Analysts Document Number
    Doc 2001-25009 (2 original pages)
  • Tax Analysts Electronic Citation
    2001 TNT 195-122
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