98-30875. Substantiation of Business ExpensesUse of Mileage Allowances to Substantiate Automobile Expenses; Correction

[Federal Register Volume 63, Number 223 (Thursday, November 19, 1998)]
[Rules and Regulations]
[Page 64187]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-30875]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 8784]
RIN 1545-AV89


Substantiation of Business Expenses--Use of Mileage Allowances to 
Substantiate Automobile Expenses; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to temporary regulations.

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SUMMARY: This document contains a correction to Treasury Decision 8784, 
which was published in the Federal Register on Thursday, October 1, 
1998 (63 FR 52600) relating to the use of mileage allowances to 
substantiate automobile business expenses.

DATES: This correction is effective October 1, 1998.

FOR FURTHER INFORMATION CONTACT: Donna Crisalli, [phone] (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The temporary regulations that are the subject of this correction 
are under section 274 of the Internal Revenue Code.

Need for Correction

    As published, TD 8784 contains an error which may prove to be 
misleading and is in need of clarification.

Correction of Publication

    Accordingly, the publication of the temporary regulations (TD 
8784), which were the subject of FR Doc. 98-26226, is corrected as 
follows:


Sec. 1.274(d) -1T  [Corrected]

    On page 52601, column 1, Sec. 1.274(d)-1T(a)(1) and (2), the last 
line of the paragraph, the language ``guidance, see Sec. 1.274(d)-
1(a)(1).'' is corrected to read ``guidance, see Sec. 1.274(d)-1(a)(1) 
and (2).''.
Cynthia E. Grigsby,
Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 98-30875 Filed 11-18-98; 8:45 am]
BILLING CODE 4830-01-P