[Federal Register Volume 60, Number 90 (Wednesday, May 10, 1995)]
[Proposed Rules]
[Page 24813]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-11414]



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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 301

[Notice 95-14]


Simplification of Entity Classification Rules; Hearing

AGENCY: Internal Revenue Service, Treasury.

ACTION: Notice of public hearing on regulations.

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SUMMARY: This document provides notice of a public hearing on 
simplifying the classification regulations (26 CFR part 301) to allow 
taxpayers to treat domestic unincorporated business organizations as 
partnerships or as associations on an elective basis.
DATES: The public hearing will be held on Thursday, July 20, 1995, 
beginning at 10:00 a.m. Requests to speak and outlines of oral comments 
must be received by Thursday, July 6, 1995.

ADDRESSES: The public hearing will be held in the Internal Revenue 
Service Auditorium, Seventh Floor, 7400 Corridor, Internal Revenue 
Building, 1111 Constitution Avenue, NW, Washington, DC. Requests to 
speak and outlines of oral comments should be submitted to the Internal 
Revenue Service, P.O. Box 7604, Ben Franklin Station, Attn: 
CC:DOM:CORP:T:R [Notice 95-14], room 5228, Washington, DC 20044.

FOR FURTHER INFORMATION CONTACT: Mike Slaughter of the Regulations 
Unit, Assistant Chief Counsel (Corporate), (202) 622-7190, (not a toll-
free number).

SUPPLEMENTARY INFORMATION: The subject of the public hearing pertain to 
section 7701(a)(2) of the Internal Revenue Code which defines a 
partnership to include a syndicate, group, pool, joint venture, or 
other unincorporated organization, through or by means of which any 
business, financial operation, or venture is carried on, and which is 
not a trust or estate or a corporation. This notice appeared in the 
Internal Revenue Bulletin for Monday, April 3, 1995, I.R.S. Notice 95-
14, 1995-14 I.R.B. 7. This document is made available by the 
Superintendent of Documents, U.S. Government Printing Office, 
Washington, DC 20402.
    The rules of Sec. 601.601 (a)(3) of the ``Statement of Procedural 
Rules'' (26 CFR part 601) shall apply with respect to the public 
hearing. Persons who have submitted written comments within the time 
prescribed in the notice and who also desire to present oral comments 
at the hearing on the regulations should submit not later than 
Thursday, July 6, 1995, an outline of the oral comments/testimony to be 
presented at the hearing and the time they wish to devote to each 
subject.
    Each speaker (or group of speakers representing a single entity) 
will be limited to 10 minutes for an oral presentation exclusive of the 
time consumed by the questions from the panel for the government and 
answers to these questions.
    Because of controlled access restrictions, attendees cannot be 
admitted beyond the lobby of the Internal Revenue Building until 9:45 
a.m.
    An agenda showing the scheduling of the speakers will be made after 
outlines are received from the persons testifying. Copies of the agenda 
will be available free of charge at the hearing.
Cynthia E. Grigsby,
Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 95-11414 Filed 5-9-95; 8:45 am]
BILLING CODE 4830-01-P