[Federal Register Volume 77, Number 50 (Wednesday, March 14, 2012)]
[Proposed Rules]
[Pages 15003-15004]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-6068]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-109369-10]
RIN 1545-BJ33


Passive Activity Losses and Credits Limited; Hearing

AGENCY: Internal Revenue Service (IRS), Treasury.

[[Page 15004]]


ACTION: Notice of public hearing on proposed rulemaking.

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SUMMARY: This document provides notice of public hearing on proposed 
rulemaking regarding the definition of an ``interest in a limited 
partnership as a limited partner'' for purposes of determining whether 
a taxpayer materially participates in an activity under section 469 of 
the Internal Revenue Code. These proposed regulations affect 
individuals who are partners in partnerships.

DATES: The public hearing is being held on Monday, April 30, 2012, at 
10 a.m. The IRS must receive outlines of the topics to be discussed at 
the public hearing by April 9, 2012.

ADDRESSES: The public hearing is being held in the IRS Auditorium, 
Internal Revenue Service Building, 1111 Constitution Avenue NW., 
Washington, DC 20224. Due to building security procedures, visitors 
must enter at the Constitution Avenue entrance. In addition, all 
visitors must present photo identification to enter the building.
    Mail outlines to CC:PA:LPD:PR (REG-109369-10), Room 5205, Internal 
Revenue Service, POB 7604, Ben Franklin Station, Washington, DC 20044. 
Submissions may be hand-delivered Monday through Friday between the 
hours of 8 a.m. and 4 p.m. to CC:PA:LPD:PR (REG-109369-10), Couriers 
Desk, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC or sent electronically via the Federal erulemaking 
Portal at www.regulations.gov (IRS-REG-109369-10).

FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations, 
Michala Irons, (202) 622-3050; concerning submissions of comments, the 
hearing and/or to be placed on the building access list to attend the 
hearing Funmi Taylor at (202) 622-7180 (not a toll-free number).

SUPPLEMENTARY INFORMATION: The subject of the public hearing is the 
notice of proposed rulemaking (REG-109369-10) that was published in the 
Federal Register on Monday, November 28, 2011 (76 FR 72875). The notice 
also announced that a hearing will be scheduled if requested by the 
public in writing by February 27, 2012.
    The rules of 26 CFR 601.601(a)(3) apply to the hearing.
    A period of 10 minutes is allotted to each person for presenting 
oral comments. After the deadline has passed, persons who have 
submitted written comments and wish to present oral comments at the 
hearing must submit an outline of the topics to be discussed and the 
amount of time to be devoted to each topic (a signed original and four 
copies) by April 9, 2012.
    The IRS will prepare an agenda containing the schedule of speakers. 
Copies of the agenda will be made available free of charge, at the 
hearing. Because of access restrictions, the IRS will not admit 
visitors beyond the immediate entrance area more than 30 minutes before 
the hearing starts. For information about having your name placed on 
the building access list to attend the hearing, see the FOR FURTHER 
INFORMATION CONTACT section of this document.

LaNita Van Dyke,
Branch Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel, Procedure and Administration.
[FR Doc. 2012-6068 Filed 3-13-12; 8:45 am]
BILLING CODE 4830-01-P