Proposed Rule2022-22039
Guidance Under Section 2053 Regarding Deduction for Interest Expense and Amounts Paid Under a Personal Guarantee, Certain Substantiation Requirements, and Applicability of Present Value Concepts; Hearing Cancellation
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
October 11, 2022
Issuing agencies
Treasury DepartmentInternal Revenue Service
Abstract
This document cancels a public hearing on proposed regulations providing guidance on the proper use of present-value principles in determining the amount deductible by an estate for funeral expenses, administration expenses, and certain claims against the estate.
Full Text
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<title>Federal Register, Volume 87 Issue 195 (Tuesday, October 11, 2022)</title>
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[Federal Register Volume 87, Number 195 (Tuesday, October 11, 2022)]
[Proposed Rules]
[Page 61269]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-22039]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 20
[REG-130975-08]
RIN 1545-BI11
Guidance Under Section 2053 Regarding Deduction for Interest
Expense and Amounts Paid Under a Personal Guarantee, Certain
Substantiation Requirements, and Applicability of Present Value
Concepts; Hearing Cancellation
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Cancellation of a notice of public hearing on proposed
rulemaking.
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SUMMARY: This document cancels a public hearing on proposed regulations
providing guidance on the proper use of present-value principles in
determining the amount deductible by an estate for funeral expenses,
administration expenses, and certain claims against the estate.
DATES: The public hearing originally scheduled for October 12, 2022, at
10 a.m. EST is cancelled.
FOR FURTHER INFORMATION CONTACT: Vivian Hayes of the Publications and
Regulations Branch, Legal Processing Division, Associate Chief Counsel
(Procedure and Administration) at (202) 317-6901 (not a toll-free
number).
SUPPLEMENTARY INFORMATION: A notice of proposed rulemaking and a notice
of public hearing that appeared in the Federal Register on June 28,
2022 (87 FR 38331) announced that a public hearing being held by
teleconference was scheduled for October 12, 2022, at 10 a.m. EST. The
subject of the public hearing is under section 2053 of the Internal
Revenue Code.
The public comment period for these regulations expired on
September 26, 2022. The notice of proposed rulemaking and notice of
public hearing instructed those interested in testifying at the public
hearing to submit a request to testify and an outline of the topics to
be addressed. We received one request to testify at the public hearing.
As of October 4, 2022, the requestors have withdrawn their request to
testify at the public hearing. Therefore, the public hearing scheduled
for October 12, 2022, at 10 a.m. EST is cancelled.
Oluwafunmilayo A. Taylor,
Chief, Publications and Regulations Branch, Legal Processing Division,
Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 2022-22039 Filed 10-7-22; 8:45 am]
BILLING CODE 4830-01-P
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</html>Indexed from Federal Register on October 11, 2022.
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