Re: Read the brief, nice background \"facts\" , but procedural quagmire ?
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If this is incorrect, someone please correct me.
The reg's, once posted, will have a 60 day comment period before they actually go into effect.
So, if the reg's are published, say tomorrow, it will be 60 more days till they go into effect, or more if comments cause changes to them.
This will take them, at a minimum, past the Sept. 04 hearing date?
obg
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I was curious about this too and contacted the Treasury Department yesterday and ended up getting directed down to an attorney at the IRS. He told me that yes, this is what happens but the allotted comment period 30,60,90, 120 or whatever days isn't stated until the regulations are published.
He left a voice mail and seemed pretty certain this was the case. Where did you hear it was 60 days? I could call him back tomorrow to see if he could verify.
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