IRS Corrects Proposed Regs on Distribution Rules
REG-121694-16; 84 F.R. 16799
- Institutional AuthorsInternal Revenue Service
- Code Sections
- Subject Area/Tax Topics
- Jurisdictions
- Tax Analysts Document Number2019-15574
- Tax Analysts Electronic Citation2019 TNT 78-15
Updating Section 301 Regulations To Reflect Statutory Changes; Correction
[4830-01-P]
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[REG-121694-16]
RIN 1545-BN80
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Correction to a notice of proposed rulemaking.
SUMMARY: This document contains a correction to a notice of proposed rulemaking (REG-121694-16) that was published in the Federal Register on March 26, 2019. The proposed regulations updated existing regulations under section 301 to reflect statutory changes made by the Technical and Miscellaneous Revenue Act of 1988.
DATES: Written or electronic comments and requests for a public hearing are still being accepted and must be received by June 24, 2019.
FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations, Grid R. Glyer, (202) 317-6847; concerning submission of comments, Regina Johnson, (202) 317-6901 (not toll-free numbers).
SUPPLEMENTARY INFORMATION:
Background
The proposed regulations that are the subject of this correction are under sections 301, 356, 368, and 902 of the Internal Revenue Code.
Need for Correction
As published, the notice of proposed regulations (REG-121694-16) contains errors which may prove to be misleading and need to be clarified.
Correction of Publication
Accordingly, the notice of proposed rulemaking (REG-121694-16) that was the subject of FR Doc. 2019-05649, published at 84 FR 11263 (March 26, 2019), is corrected to read as follows:
§1.301-1 [Corrected]
On page 11266, first column, the sixth and seventh lines of paragraph (f)(3)(ii), the language “similar to, the transaction in Notice 99-59” is corrected to read “similar to the transaction in, Notice 99-59”.
Martin V. Franks,
Chief,
Publications and Regulations Branch,
Legal Processing Division,
Associate Chief Counsel,
(Procedure and Administration).
[FR Doc. 2019-08113 Filed: 4/22/2019 8:45 am; Publication Date:4/23/2019]
- Institutional AuthorsInternal Revenue Service
- Code Sections
- Subject Area/Tax Topics
- Jurisdictions
- Tax Analysts Document Number2019-15574
- Tax Analysts Electronic Citation2019 TNT 78-15