Notice 2004-34, 2004-1 C.B. 848, provides guidelines for determining the cor
SECTION 3. DRAFTING
Internal Revenue Bulletin 2011-48 · 2026-10-03 edition · updated 2026-10-04 · United States
INFORMATION
The principal author of this announcement is Martha McRee of the Office of Associate Chief Counsel (Passthroughs & Special Industries). For further information regarding this announcement, contact Ms. McRee at (202) 622–3110 (not a toll-free call).
Effect of Election on Corporation
Announcement 2011–75
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Withdrawal of notice of proposed rulemaking.
SUMMARY: This document withdraws the proposed regulation seeking to clarify that if a bank is an S corporation within the
meaning of section 1361(a)(1), its status as an S corporation does not affect the applicability of the special rules for banks under the Internal Revenue Code.
FOR FURTHER INFORMATION CONTACT: Laura Fields at (202) 622–3050 (not a toll-free number).
SUPPLEMENTAL INFORMATION:
Background
On August 24, 2006, the Treasury Department and the IRS published in the Federal Register (71 FR 50007) a notice of proposed rulemaking under section 1363 (REG–158677–05, 2007–1 C.B. 975), relating to the applicability of the special banking rules to banks that are S corporations within the meaning of section 1361(a)(1) of the Internal Revenue Code.
The Treasury Department and the IRS received written comments on the proposed regulation from various interested
2011–48 I.R.B. 823 November 28, 2011
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