83 FR 50864 - Availability of Additional Guidance Under Section 965

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 83, Issue 196 (October 10, 2018)

Page Range		50864-50864
FR Document		2018-22022

This document announces the availability of additional guidance regarding the transition tax under section 965 issued as Notice 2018-78.

Federal Register, Volume 83 Issue 196 (Wednesday, October 10, 2018)

[Federal Register Volume 83, Number 196 (Wednesday, October 10, 2018)]
[Proposed Rules]
[Page 50864]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-22022]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-104226-18]
RIN 1545-BO51


Availability of Additional Guidance Under Section 965

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of Proposed Rulemaking; notice of availability.

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SUMMARY: This document announces the availability of additional 
guidance regarding the transition tax under section 965 issued as 
Notice 2018-78.

DATES: Notice 2018-78 was made available on the Internal Revenue 
Service (IRS) website on October 1, 2018, and will be published in the 
Internal Revenue Bulletin on October 15, 2018.

ADDRESSES: Notice 2018-78 is available on the IRS website at https://www.irs.gov/pub/irs-drop/n-18-78.pdf and at the Federal eRulemaking 
Portal at http://www.regulations.gov (under REG-104226-18).

FOR FURTHER INFORMATION CONTACT: Leni C. Perkins at (202) 317-6934.

SUPPLEMENTARY INFORMATION: On August 9, 2018, the Department of the 
Treasury (``Treasury Department'') and the IRS published in the Federal 
Register (83 FR 39514) a notice of proposed rulemaking (REG-104226-18), 
which contained proposed Sec. Sec.  1.962-1 and 1.962-2, 1.965-1 
through 1.965-9, and 1.986(c)-1 (the ``proposed regulations''). The 
proposed regulations relate to section 965 of the Internal Revenue 
Code. On October 1, 2018, the Treasury Department and the IRS issued 
Notice 2018-78, which contained additional guidance relating to section 
965 and the proposed regulations. The notice was issued in advance of 
final regulations under section 965 due to the imminent filing 
deadlines that could otherwise apply to the forms and elections 
described therein.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 2018-22022 Filed 10-9-18; 8:45 am]
 BILLING CODE 4830-01-P

50864 Federal Register / Vol. 83, No. 196 / Wednesday, October 10, 2018 / Proposed Rules

§ 39.13 [Amended] be accomplished by a method approved by DEPARTMENT OF THE TREASURY
■ 2. The FAA amends § 39.13 by adding the FAA. You can find a vendor that has an
the following new airworthiness FAA-approved TAI inspection listed in the Internal Revenue Service
directive (AD): Vendor Services Section of PW Alert Service
Bulletin (ASB) PW4G–112–A72–268, 26 CFR Part 1
Pratt & Whitney Division: Docket No. FAA–
2018–0826; Product Identifier 2018–NE– Revision No. 7, dated September 6, 2018.
27–AD. (h) Credit for Previous Actions [REG–104226–18]
(a) Comments Due Date You may take credit for the initial TAI
We must receive comments by November inspection required by paragraph (g)(1) of RIN 1545–BO51
26, 2018. this AD if you performed the TAI inspection
before the effective date of this AD using PW Availability of Additional Guidance
(b) Affected ADs
ASB PW4G–112–A72–268, Revision No. 6, Under Section 965
None. dated August 5, 2014.
(c) Applicability AGENCY: Internal Revenue Service (IRS),
(i) Installation Prohibition
This AD applies to all Pratt & Whitney Treasury.
Division (PW) PW4074, PW4074D, PW4077, Do not install any 1st stage LPC blade that
PW4077D, PW4084D, PW4090, and PW4090– has accumulated 1,000 or more flight cycles ACTION: Notice of Proposed Rulemaking;
3 turbofan engines, with 1st stage low- into any engine unless it has passed the notice of availability.
pressure compressor (LPC) blade, part inspection required by paragraph (g)(1) of
numbers 52A241, 55A801, 55A801–001, this AD. SUMMARY: This document announces the
55A901, 55A901–001, 56A201, 56A201–001, availability of additional guidance
or 56A221, installed. (j) Alternative Methods of Compliance
(AMOCs) regarding the transition tax under
(d) Subject section 965 issued as Notice 2018–78.
(1) The Manager, ECO Branch, FAA, has
Joint Aircraft System Component (JASC)
the authority to approve AMOCs for this AD, DATES: Notice 2018–78 was made
Code 7230, Turbine Engine Compressor
Section. if requested using the procedures found in 14 available on the Internal Revenue
CFR 39.19. In accordance with 14 CFR 39.19, Service (IRS) website on October 1,
(e) Unsafe Condition send your request to your principal inspector 2018, and will be published in the
This AD was prompted by an uncontained or local Flight Standards District Office, as Internal Revenue Bulletin on October
1st stage LPC blade failure. We are issuing appropriate. If sending information directly 15, 2018.
this AD to prevent failure of the 1st stage LPC to the manager of the certification office,
blade. The unsafe condition, if not addressed, send it to the attention of the person ADDRESSES: Notice 2018–78 is available
could result in uncontained blade release, on the IRS website at https://
identified in paragraph (k) of this AD. You
damage to the engine, and damage to the
airplane. may email your request to: ANE-AD-AMOC@ www.irs.gov/pub/irs-drop/n-18-78.pdf
faa.gov. and at the Federal eRulemaking Portal at
(f) Compliance (2) Before using any approved AMOC, http://www.regulations.gov (under REG–
Comply with this AD within the notify your appropriate principal inspector, 104226–18).
compliance times specified, unless already or lacking a principal inspector, the manager
done. of the local flight standards district office/ FOR FURTHER INFORMATION CONTACT: Leni
certificate holding district office. C. Perkins at (202) 317–6934.
(g) Required Actions
(1) After the effective date of this AD, (k) Related Information SUPPLEMENTARY INFORMATION: On August
perform an initial Thermal Acoustic Imaging 9, 2018, the Department of the Treasury
(TAI) inspection of the 1st stage LPC blades (1) For more information about this AD,
(‘‘Treasury Department’’) and the IRS
as follows: contact Jo-Ann Theriault, Aerospace
Engineer, ECO Branch, FAA, 1200 District
published in the Federal Register (83
(i) For 1st stage LPC blades that have
accumulated fewer than 6,500 cycles since Avenue, Burlington, MA, 01803; phone: 781– FR 39514) a notice of proposed
new (CSN), perform a TAI inspection the 238–7105; fax: 781–238–7199; email: jo- rulemaking (REG–104226–18), which
next time the engine is separated at the M- ann.theriault@faa.gov. contained proposed §§ 1.962–1 and
flange, or prior to the 1st stage LPC blade (2) For service information identified in 1.962–2, 1.965–1 through 1.965–9, and
accumulating 7,000 CSN, whichever occurs this AD, contact Pratt & Whitney Division, 1.986(c)–1 (the ‘‘proposed regulations’’).
first. The proposed regulations relate to
(ii) For 1st stage LPC blades that have 400 Main St., East Hartford, CT 06118;
accumulated 6,500 or more CSN, or if the phone: 800–565–0140; fax: 860–565–5442. section 965 of the Internal Revenue
cycles since the blade was new cannot be You may view this referenced service Code. On October 1, 2018, the Treasury
determined, or if the cycles since the blade information at the FAA, Engine & Propeller Department and the IRS issued Notice
was last TAI inspected cannot be determined, Standards Branch, 1200 District Avenue, 2018–78, which contained additional
perform a TAI inspection within 500 flight Burlington, MA, 01803. For information on guidance relating to section 965 and the
cycles or 180 days from the effective date of the availability of this material at the FAA, proposed regulations. The notice was
this AD, whichever occurs first. call 781–238–7759.
(2) Thereafter, perform a TAI inspection of issued in advance of final regulations
1st stage LPC blades every time the engine is Issued in Burlington, Massachusetts, on under section 965 due to the imminent
separated at the M-flange and the blades have September 28, 2018. filing deadlines that could otherwise
accumulated 1,000 or more flight cycles since Robert J. Ganley, apply to the forms and elections
daltland on DSKBBV9HB2PROD with PROPOSALS

the last TAI inspection, not to exceed 6,500 described therein.
flight cycles since the last TAI inspection. Manager, Engine and Propeller Standards
(3) If any 1st stage LPC blade fails the Branch, Aircraft Certification Service. Martin V. Franks,
inspection required by paragraph (g)(1) or (2) [FR Doc. 2018–21694 Filed 10–9–18; 8:45 am] Chief, Publications and Regulations Branch,
of this AD, remove the blade from service BILLING CODE 4910–13–P Legal Processing Division, Associate Chief
and replace with a part eligible for Counsel, (Procedure and Administration).
installation before further flight.
(4) The TAI inspection and disposition [FR Doc. 2018–22022 Filed 10–9–18; 8:45 am]
required for compliance with this AD must BILLING CODE 4830–01–P

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Document Created: 2018-10-10 17:38:33
Document Modified: 2018-10-10 17:38:33

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Proposed Rules
Action		Notice of Proposed Rulemaking; notice of availability.
Dates		Notice 2018-78 was made available on the Internal Revenue Service (IRS) website on October 1, 2018, and will be published in the Internal Revenue Bulletin on October 15, 2018.
Contact		Leni C. Perkins at (202) 317-6934.
FR Citation		83 FR 50864
RIN Number		1545-BO51

83 FR 50864 - Availability of Additional Guidance Under Section 965

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 83, Issue 196 (October 10, 2018)

DEPARTMENT OF THE TREASURY
Internal Revenue Service