94-2135. Bad Debt Reserves of Banks; Correction

[Federal Register Volume 59, Number 21 (Tuesday, February 1, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-2135]


[[Page Unknown]]

[Federal Register: February 1, 1994]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 8513]
RIN 1545-AJ31

 

Bad Debt Reserves of Banks; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final regulations.

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SUMMARY: This document contains a correction to final regulations (TD 
8513) that were published in the Federal Register on Wednesday, 
December 29, 1993 (58 FR 68753). The final regulations relate to bad 
debt reserves of large banks.

EFFECTIVE DATE: January 1, 1987.

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

SUPPLEMENTARY INFORMATION: 

Background

    The final regulations that are the subject of this correction are 
under section 585(c) of the Internal Revenue Code.

Need for Correction

    As published, TD 8513 is in need of clarification.

Correction of Publication

    Accordingly, the publication of final regulations (TD 8513), which 
was the subject of FR Doc. 93-31577, is clarified as follows:


Sec. 1.585-8  [Corrected]

    On page 68764, column 3, in the last sentence of Sec. 1.585-8(e), 
the following is added immediately after the words ``must file'': 
``(before expiration of each applicable period of limitations under 
section 6501) this amended return and''.
Jacquelyn B. Burgess,
Alternate Federal Register Liaison Officer, Assistant Chief Counsel 
(Corporate).
[FR Doc. 94-2135 Filed 1-31-94; 8:45 am]
BILLING CODE 4830-01-M