IRS Corrects Error in Final Regs That Remove De Minimis Partner Rule
T.D. 9607; 78 F.R. 3325
- Institutional AuthorsInternal Revenue Service
- Cross-Reference
- Code Sections
- Subject Area/Tax Topics
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2013-947
- Tax Analysts Electronic Citation2013 TNT 11-8
[4830-01-P]
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
Treasury Decision 9607
RIN 1545-BJ37
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Correction to final regulations.
SUMMARY: This document corrects final regulations (TD 9607) that was published in the Federal Register on Friday, December 28, 2012 (77 FR 76380) regarding the application of the substantiality de minimis rule. In the interest of sound tax administration, this rule is being made inapplicable. These final regulations affect partnerships and their partners.
DATES: This correction is effective on January 16, 2013, and is applicable on December 28, 2012.
FOR FURTHER INFORMATION CONTACT: Rebecca Kahane (202) 622-3050 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The notice of final regulations (TD 9607) that is the subject of this correction is under section 704 of the Internal Revenue Code.
Need for Correction
As published, TD 9607 contains an error that may prove to be misleading and is in need of clarification.
Correction of Publication
Accordingly, the publication of the correction to final regulations (TD 9607), which was the subject of FR. Doc. 2012-31155, is corrected as follows:
1. On page 76380, column 1, in the preamble, under the caption "FOR FURTHER INFORMATION CONTACT:", first line, the language "Rebecca Kahanel, at (202) 622-3050 (not", is corrected to read "Rebecca Kahane, at (202) 622-3050 (not".
Chief, Publications and
Regulations Branch
Legal Processing Division
Associate Chief Counsel
(Procedure and Administration)
- Institutional AuthorsInternal Revenue Service
- Cross-Reference
- Code Sections
- Subject Area/Tax Topics
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2013-947
- Tax Analysts Electronic Citation2013 TNT 11-8