[Federal Register Volume 62, Number 31 (Friday, February 14, 1997)]
[Rules and Regulations]
[Page 6874]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-3654]
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DEPARTMENT OF THE TREASURY
26 CFR Parts 1 and 602
[TD 8690]
RIN 1545-AS95
Deductibility, Substantiation, and Disclosure of Certain
Charitable Contributions; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Correction to final regulations.
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SUMMARY: This document contains corrections to final regulations[TD
8690] which were published in the Federal Register for Monday, December
16, 1996 (61 FR 65946). The final regulations provide guidance
regarding the allowance of certain charitable contribution deductions,
the substantiation requirements for charitable contributions of $250 or
more, and the disclosure requirements for quid pro quo contributing in
excess of $75.
EFFECTIVE DATE: December 16, 1996.
FOR FURTHER INFORMATION CONTACT: Jefferson K. Fox of the Office of
Assistant Chief Counsel (Income Tax and Accounting) (202) 622-4930 (not
a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The final regulations that are the subject of these corrections are
under section 170 of the Internal Revenue Code.
Need for Correction
As published final regulations [TD 8690] contain errors that are
misleading and in need of clarification.
Correction of Publication
Accordingly, the publication of final regulations [TD 8690] which
are the subject of FR Doc. 96-31719 is corrected as follows:
1. On page 65946, column three, in the heading the RIN ``1545-
AS94'' is corrected to read ``1545-AS95''.
2. On page 65946, column three, in the preamble following the
paragraph heading ``Paperwork Reduction Act'', third paragraph, line 5,
the language ``average of six minutes.'' is corrected to read ``average
of six minutes. The estimated annual burden per respondent is two and a
half hours.''.
3. On page 65946, column three, in the preamble following the
paragraph heading ``Paperwork Reduction Act'', fourth paragraph, line
5, the language ``Reports Clearance Officer, PC:FP,'' is corrected to
read ``Reports Clearance Officer, T:FP,''.
Cynthia E. Grigsby,
Chief, Regulations Unit Assistant Chief Counsel (Corporate).
[FR Doc. 97-3654 Filed 2-13-97; 8:45 am]
BILLING CODE 4830-01-U
