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REG-116099-98 December 23, 1998

Withdrawal of Proposed Regulations

Internal Revenue Service 26 CFR Part 1 [REG-116099-98] RIN 1545-
AB43, 1545-AF52

TITLE: Withdrawal of Proposed Regulations

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Withdrawal of proposed regulations.

SUMMARY: This document withdraws proposed regulations amending the
income tax regulations. This action is taken to remove from the IRS'
inventory of regulations projects those proposed regulations that
are in an inactive status and would remain in an inactive status for
the foreseeable future.

DATES: These proposed regulations are withdrawn December 22, 1998.

FOR FURTHER INFORMATION CONTACT: George Bradley of the Office of the
Assistant Chief Counsel (Income Tax & Accounting), Internal Revenue
Service, 1111 Constitution Ave., NW., Washington, DC 20224.
Telephone (202) 622-4920, not a toll-free number.



This document withdraws certain proposed regulations previously
published in the Federal Register by the IRS. These proposed
regulations are being withdrawn because they are part of regulations
projects that will not be pursued in the foreseeable future, and
there are no current plans to adopt the proposed regulations as
final regulations.

Drafting Information

The principal author of this withdrawal notice is George H.

Bradley, Office of the Assistant Chief Counsel (Income Tax &
Accounting) within the Office of the Chief Counsel, Internal Revenue
Service. Other personnel from the Internal Revenue Service and the
Treasury Department participated in developing the withdrawal

List of Subjects 26 CFR Part 1

Income taxes, Reporting and recordkeeping requirements.

Withdrawal of Proposed Amendments to the Regulations Accordingly,
under the authority of 26 U.S.C. 7805, the following proposed
amendments to 26 CFR part 1 are withdrawn: Amendments Relating FR
Citation and Subject to Proposed Project Number Regulations Section:

1.162, 1.162-16, FR Doc. 71-9954 Transfer of

1.461-1(a)(3)(iii), Published 7/15/71 Franchises,

1.1016 36 FR 13148 Trademarks, and

1.1253 Trade Names




1.381(c)(4)-1(c)(1), FR Doc. 72-14187 Carryover of

1.381(c)(4)-1(c)(3) Published 8/23/72 Inventories and Example (5),
37 FR 16947 Accounting Methods

1.381(c)(4)- in Certain Corporate

1(d)(1)(iii), Acquisitions



1.351-1(c)(1)(ii), FR Doc. 80-40833 Limitations on

1.351-1(c)(4), Published 1/7/81 Reorganization

1.351-1(c)(5)(i), 46 FR 1744 Treatment for

1.351-1(c)(5)(ii), (LR-135-76) Investment Companies


Examples (3) & (4), 1.368-4 1.278-2, 1.464-1, FR Doc. 83-30789
Farming Syndicate 1.464-2 Published 11/15/83 Expenditures 48 FR

(LR-144-76) 1.453-2 FR Doc. 84-891 Installment Published 1/13/84
Obligations Received 49 FR 1742 From Liquidating (LR-184-80)

1.6050J-2 FR Doc. 84-23131 Returns Relating to Published 8/31/84
Transfers of 49 FR 34518 Security to Persons (LR-182-84) Other Than
the Lender

1.131-1 FR Doc. 85-2718 Exclusion From Gross Published 2/1/85 Income
for Certain 50 FR 4702 Foster Care Payments (LR-83-83)

Robert E. Wenzel
Deputy Commissioner of Internal Revenue


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