IRS Withdraws Proposed Regs on Mergers Involving Disregarded Entities

[2] ACTION: Withdrawal of notice of proposed rulemaking.

[3] SUMMARY: This document withdraws a notice of proposed rulemaking relating to certain corporate reorganizations involving disregarded entities, The proposed regulations were published on May 16, 2000, and a public hearing on the regulations was held on August 8, 2000. In addition, written comments were received. After consideration of the comments received, the IRS and Treasury have decided to withdraw the proposed regulations and issue new proposed regulations.

[4] DATES: These proposed regulations are withdrawn November 15, 2001.

[5] FOR FURTHER INFORMATION CONTACT: Reginald Mombrun (202) 622-7750 (not a toll free call).

SUPPLEMENTARY INFORMATION:

Background

[6] On May 16, 2000, the IRS issued proposed regulations relating to certain corporate reorganizations involving disregarded entities (65 FR 31115). After consideration of comments received on the proposed regulations, the IRS and Treasury have decided to issue new proposed regulations on this matter. Accordingly, the proposed regulations published on May 16, 2000, are withdrawn.

Drafting Information

[7] The principal author of this withdrawal notice is Reginald Mombrun of the Office of the Associate Chief Counsel (Corporate).

List of Subjects in 26 CFR Part 1

[8] Income taxes, Reporting and recordkeeping requirement. Withdrawal of Notices of Proposed Rulemaking

[9] Accordingly, under the authority of 26 U.S.C. 7805, the notice of proposed rulemaking published in the Federal Register on May 16, 2000 (65 FR 31115) is hereby withdrawn.

Commissioner of Internal Revenue,