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###### Department of the Treasury

###### Internal Revenue Service 

          - 26 CFR Part 1 
          - [REG-107592-00] 
          - RIN 1545-BA11 

# AGENCY:

Internal Revenue Service (IRS), Treasury. 

      ( print page 9972)    

# ACTION:

Partial withdrawal of notice of proposed rulemaking. 

# SUMMARY:

                        This document withdraws a portion of a notice of proposed rulemaking (REG-107592-00) published in the                         **Federal Register**                         on September 28, 2007 (72 FR 55139). The withdrawn portion relates to the treatment of transactions involving the provision of insurance between members of a consolidated group.                     

# FOR FURTHER INFORMATION CONTACT:

Frances L. Kelly, (202) 622-7770 (not a toll-free number). 

# SUPPLEMENTARY INFORMATION:

## Background 

                    On September 28, 2007, the IRS and the Treasury Department published a notice of proposed rulemaking (REG-107592-00) in the                     **Federal Register**                     (72 FR 55139) which proposed to amend § 1.1502-13(g) (regarding the treatment of transactions involving obligations between members of a consolidated group) and to add § 1.1502-13(e)(2)(ii)(C) (regarding the treatment of certain transactions involving the provision of insurance between members of a consolidated group).                 

Under proposed § 1.1502-13(e)(2)(ii)(C), certain intercompany insurance transactions would be taken into account on a single entity basis. Written comments were received with respect to proposed § 1.1502-13(e)(2)(ii)(C). After consideration of these comments, the IRS and the Treasury Department have decided to withdraw proposed § 1.1502-13(e)(2)(ii)(C). However, the IRS and the Treasury Department continue to study whether revisions to the rules for intercompany transactions are necessary to clearly reflect the taxable income of consolidated groups. 

# List of Subjects in 26 CFR Part 1

      - Income taxes
      - Reporting and recordkeeping requirements

## Partial Withdrawal of a Notice of Proposed Rulemaking 

                    Accordingly, under the authority of 26 U.S.C. 7805 and 26 U.S.C. 1502, § 1.1502-13(e)(2)(ii)(C) of the notice of proposed rulemaking (REG-107592-00) that was published in the                     **Federal Register**                     on September 28, 2007 (72 FR 55139) is withdrawn.                 

Linda E. Stiff, 

Deputy Commissioner for Services and Enforcement. 

[FR Doc. 08-823 Filed 2-20-08; 8:48 am] 

BILLING CODE 4830-01-P