97-6675. Estate and Gift Tax Marital Deduction; Correction

[Federal Register Volume 62, Number 51 (Monday, March 17, 1997)]
[Rules and Regulations]
[Page 12542]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-6675]


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DEPARTMENT OF THE TREASURY
26 CFR Part 20

[TD 8714]
RIN 1545-AU81


Estate and Gift Tax Marital Deduction; Correction

AGENCY: Internal Revenue Service, Treasury.

ACTION: Correction to temporary regulations.

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SUMMARY: This document contains corrections to temporary regulations 
(TD 8714) which were published in the Federal Register on Tuesday, 
February 18, 1997 (62 FR 7156). The temporary regulations relate to the 
estate and gift tax marital deductions.

EFFECTIVE DATE: February 18, 1997.

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

SUPPLEMENTARY INFORMATION:

Background

    The temporary regulations that are subject to these corrections are 
under sections 2044 and 2056 of the Internal Revenue Code.

Need for Correction

    As published, the temporary regulations (TD 8714) contain errors 
which may prove to be misleading and are in need of clarification.

Correction of Publication

    Accordingly, the publication of the temporary regulations (TD 8714) 
which are the subject of FR Doc. 97-3398 is corrected as follows:
    1. On page 7156, column 2, in the preamble under the paragraph 
heading ``Effective Date'', lines 2 and 3, the language ``case of 
qualified terminable interest property elections made after February'' 
is corrected to read ``case of estates of decedents whose estate tax 
returns are due after February''.


Sec. 20.2056(b)-10T  [Corrected]

    2. On page 7157, column 1, Sec. 20.2056(b)-10T, lines 4 and 5, the 
language ``estates of decedents dying after March 1, 1994. For further 
guidance, see'' is corrected to read ``estates of decedents whose 
estate tax returns are due after February 18, 1997. For further 
guidance, see''.
Cynthia E. Grigsby,
Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 97-6675 Filed 3-14-97; 8:45 am]
BILLING CODE 4830-01-U