IRS ANNOUNCES CORRECTIONS TO PROPOSED CAFETERIA PLAN ELECTION REGS.

Announcement 2000-92

[1] AGENCY: Internal Revenue Service (IRS), Treasury.

[2] ACTION: Correction to notice of proposed rulemaking.

[3] SUMMARY: This document contains a correction to proposed regulations that were published in the Federal Register on Thursday, March 23, 2000 (65 F.R. 15587), relating to tax treatment of cafeteria plans.

[4] FOR FURTHER INFORMATION CONTACT: Christine L. Keller at (202) 622-6080 (not a toll-free number).

[5] SUPPLEMENTARY INFORMATION:

Background

[6] The notice of proposed rulemaking that is the subject of this correction is under section 125 of the Internal Revenue Code.

Need for Correction

[7] As published, the proposed regulations contain an error that may prove to be misleading and is in need of clarification.

Correction of Publication

[8] Accordingly, the publication of the proposed regulations (REG-117162-99, 2000-15 I.R.B. 871), that were the subject of FR Doc. 00-5818, is corrected as follows:

[9] On page 15587, column 2, the regulation heading in the middle of the column, line 5, the "RIN 1545-AX59" is corrected to read "RIN 1545-AY23".

                                   Cynthia E. Grigsby,