97-6067. Credit for Employer Social Security Taxes Paid on Employee Tips; Correction

[Federal Register Volume 62, Number 48 (Wednesday, March 12, 1997)]
[Rules and Regulations]
[Pages 11324-11325]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-6067]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 8699]
RIN 1545-AV06


Credit for Employer Social Security Taxes Paid on Employee Tips; 
Correction

AGENCY: Internal Revenue Service, Treasury.

ACTION: Correction to the removal of temporary regulations.

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SUMMARY: This document contains a correction to the removal of 
temporary regulations (TD 8699) which were published in the Federal 
Register on Friday, December 20, 1996 (61 FR 67212). That publication 
removes the temporary regulations pertaining to the credit for employer 
FICA taxes paid

[[Page 11325]]

with respect to certain tips received by employees of food or beverage 
establishments.

EFFECTIVE DATE: December 20, 1996.

FOR FURTHER INFORMATION CONTACT: Jean M. Casey, [phone] (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The removal of temporary regulations that is subject to this 
correction is under section 45B of the Internal Revenue Code.

Need for Correction

    As published, the removal of temporary regulations (TD 8699) 
contains an error which may prove to be misleading and is in need of 
clarification.

Correction of Publication

    Accordingly, the publication of the removal of temporary 
regulations (TD 8699) which is the subject of FR Doc. 96-32249 is 
corrected as follows:
    On page 67212, column 3, in the heading, the RIN ``RIN 1545-AS19'' 
is corrected to read ``RIN 1545-AV06''.
Cynthia E. Grigsby,
Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 97-6067 Filed 3-11-97; 8:45 am]
BILLING CODE 4830-01-U