<searchTitle>Disregarded Entities and Excise Taxes; Federal Register Vol. 74, Issue </searchTitle>
<granuleClass>PRORULE</granuleClass>
<accessId>E9-21986</accessId>
<agency order="1">DEPARTMENT OF THE TREASURY</agency>
<agency order="2">Internal Revenue Service</agency>
<publicMeetingDate>2009-12-14</publicMeetingDate>
<departmentDoc>REG-116614-08</departmentDoc>
<rin number="1545-BH90"/>
<billingCode>4830-01-P</billingCode>
<frDocNumber>E9-21986</frDocNumber>
<action>Notice of proposed rulemaking by cross-reference to temporary regulations.</action>
<summary>In the Rules and Regulations section of this issue of the Federal Register, the IRS is issuing temporary regulations clarifying that a single-owner eligible entity that is disregarded as an entity separate from its owner for any purpose, but regarded as a separate entity for certain excise tax purposes, is treated as a corporation for tax administration purposes related to those excise taxes. Those regulations also make conforming changes to the tax liability rule for disregarded entities and the treatment of entity rule for disregarded entities with respect to employment taxes. The regulations affect disregarded entities in general and, in particular, disregarded entities that pay or pay over certain federal excise taxes or that are required to be registered by the IRS. The text of those temporary regulations also serves as the text of these proposed regulations.</summary>
<dates>Written or electronic comments and requests for a public hearing must be received by December 14, 2009.</dates>
<contact>Concerning the proposed regulations, Michael H. Beker, (202) 622-3070; concerning the submissions of comments and requests for a public hearing, Richard Hurst, (202) 622-</contact>
<cfr title="26">
<part number="301"/>
<subject>Employment Taxes</subject>
<subject>Estate Taxes</subject>
<subject>Excise Taxes</subject>
<subject>Gift Taxes</subject>
<subject>Income Taxes</subject>
<subject>Penalties</subject>
<subject>Reporting and Recordkeeping Requirements</subject>
...</cfr>
<tocDoc>Disregarded Entities and Excise Taxes
, </tocDoc>
<emailRef>Richard.A.Hurst@irscounsel.treas.gov</emailRef>
<urlRef>http://www.regulations.gov</urlRef>