Consent Suspensions From Practice Before the Internal Revenue Service

tuary in accordance with the consent offered.

The following individuals have been placed under consent suspension from practice before the Internal Revenue Service:

Under Title 31, Code of Federal Regulations, Part 10, an attorney, certified public accountant, enrolled agent, or enrolled actuary, in order to avoid institution or conclusion of a proceeding for his or her disbarment or suspension from practice be

fore the Internal Revenue Service, may offer his or her consent to suspension from such practice. The Director, Office of Professional Responsibility, in his discretion, may suspend an attorney, certified public accountant, enrolled agent, or enrolled ac

Name Address Designation Date of Suspension

Nadler, Herbert New York, NY Enrolled Actuary November 1, 2004 to February 28, 2005

SUMMARY: This document contains a notice of public hearing on a proposed rulemaking (REG–114726–04, 2004–47 I.R.B. 857) that provide rules permitting distributions to be made from a pension plan under a phased retirement program and set forth requirements for a bona fide phased retirement program.

Distribution From a Pension Plan Under a Phased Retirement Program; Hearing

Announcement 2005–10

AGENCY Internal Revenue Service (IRS), Treasury.

ACTION: Notice of public hearing on proposed rulemaking.

January 31, 2005 450 2005–5 I.R.B.

DATES: The public hearing is being held on March 14, 2005, at 10 a.m. The IRS must receive outlines of the topics to be discussed at the hearing by February 21, 2005.

ADDRESSES: The public hearing is be held in the Auditorium, Internal Revenue Service Building, 1111 Constitution Avenue, NW, Washington, DC. Send submissions to: CC:PA:LPD:PR (REG–114726–04), Room 5203, Internal Revenue Service, PO Box 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–114726–04), Courier’s Desk, Internal Revenue Service, 1111 Constitution Avenue, NW, Washington, DC, or sent electronically, via the IRS Internet site at http://www.irs.gov/regs or via the Federal eRulemaking Portal at www.regulations.gov (IRS and REG–114726–04).

FOR FURTHER INFORMATION CONTACT: Concerning the regulations, Cathy Vohs, (202) 622–6090; concerning submissions, the hearing, and/or placement on the building access list to attend the hearing, Sonya M. Cruse of the Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration), at (202) 622–4693 (not toll-free numbers).

SUPPLEMENTARY INFORMATION:

Background

The subject of the public hearing is the notice of proposed rulemaking (REG–114726–04) that was published in the Federal Register on Wednesday, November 10, 2004 (69 FR 65108).

The rules of 26 CFR 601.601(a)(3) apply to the hearing.

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 (signed original and eight (8) copies) by February 21, 2005.

A period of 10 minutes is allotted to each person for presenting oral comments.

After the deadline for receiving outlines has passed, 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 15 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.

Cynthia E. Grigsby, Acting Chief, Publications

and Regulations Branch, Legal Processing Division,

Associate Chief Counsel (Procedure and Administration).

(Filed by the Office of the Federal Register on December 27, 2004, 8:45 a.m., and published in the issue of the Federal Register for December 28, 2004, 69 F.R. 77678)

Section 707 Regarding Disguised Sales, Generally; Correction

Announcement 2005–11

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice of proposed rulemaking and notice of public hearing.

SUMMARY: This document contains a correction to proposed regulations (REG–149519–03, 2004–51 I.R.B. 1009) which were published in the Federal Reg- ister on Friday, November 26, 2004 (69 FR 68838). The proposed regulations relates to the treatment of transactions between a partnership and its partners as disguised sales of partnership interests between the partners.

FOR FURTHER INFORMATION CONTACT: Deane M. Burke or Christopher L. Trump, (202) 622–3070 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

BACKGROUND

The proposed regulations that is the subject of this correction is under section 707(a)(2)(B) of the Internal Revenue Code.

Need for correction

As published, the notice of proposed rulemaking and notice of public hearing contain an error that may prove to be misleading and is in need of clarification.

Correction to Publication

Accordingly, the publication of the proposed regulations (REG–149519–03), which was the subject of FR Doc. 04–26112, is corrected as follows: On page 68843, column 3, in the preamble under the paragraph heading, “Review of Existing Regulations”, line 5, the language “§§ 1.707–3, 1.707–4, and 1.707-5.” is corrected to read “§§ 1.707–3, 1.707–4, 1.707–5 and 1.707–6.”.

Cynthia E. Grigsby, Acting Chief, Regulations

and Publications Branch, Legal Processing Division,

Associate Chief Counsel (Procedure and Administration).

(Filed by the Office of the Federal Register on December 20, 2004, 8:45 a.m., and published in the issue of the Federal Register for December 21, 2004, 69 F.R. 76422)

2005–5 I.R.B. 451 January 31, 2005