01-7825. Relief From Joint and Several Liability; Correction  

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    AGENCY:

    Internal Revenue Service (IRS), Treasury.

    ACTION:

    Correction to proposed regulations.

    SUMMARY:

    This document contains corrections to proposed regulations that were published in the Federal Register on January 17, 2001 (66 FR 3888). The regulations provide guidance to married individuals filing joint returns who may seek relief from joint and several liability.

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    FOR FURTHER INFORMATION CONTACT:

    Bridget E. Finkenaur (202) 622-4940 (not a toll-free number).

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    SUPPLEMENTARY INFORMATION:

    Background

    These proposed regulations that are the subject of this correction are under section 6015 of the Internal Revenue Code.

    Need for Correction

    As published, these proposed regulations (REG-106446-98) contains errors that may prove to be misleading and are in need of clarification.

    Correction of Publication

    Accordingly, the publication of the proposed regulations (REG-106446-98), which were the subject of FR. Doc 01-8, is corrected as follows:

    [Corrected]

    1. On page 3900, column 1, § 1.6015-3, paragraph (d)(5), paragraph (iii) of Example 5, line 1, the language “W's liability is limited $4,400 (4/5 ×” is Start Printed Page 17131corrected to read “W's liability is limited to $4,400 (4/5 ×”.

    2. On page 3900, column 2, § 1.6015-3, paragraph (d)(5), paragraph (ii) of Example 6, line 9, the language “is limited to $3,900 (3/4 of $5,200). If H also” is corrected to read “is limited to $4,160 (4/5 of $5,200). If H also”.

    3. On page 3900, column 2, § 1.6015-3, paragraph (d)(5), paragraph (ii) of Example 6, line 11, the language “election to allocate the $3,900 of the” is corrected to read “election to allocate the $4,160 of the”.

    4. On page 3900, column 2, § 1.6015-3, paragraph (d)(5) Example 7, line 5, the language “as in Example 7, except that H deducts” is corrected to read “as in Example 6, except that H deducts”.

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    Cynthia E. Grigsby,

    Chief, Regulations Unit Office of Special Counsel (Modernization and Strategic Planning).

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    [FR Doc. 01-7825 Filed 3-28-01; 8:45 am]

    BILLING CODE 4830-01-P

Document Information

Published:
03/29/2001
Department:
Internal Revenue Service
Entry Type:
Proposed Rule
Action:
Correction to proposed regulations.
Document Number:
01-7825
Pages:
17130-17131 (2 pages)
Docket Numbers:
REG-106446-98
RINs:
1545-AW64: Relief From Joint and Several Liability on Joint Return
RIN Links:
https://www.federalregister.gov/regulations/1545-AW64/relief-from-joint-and-several-liability-on-joint-return
PDF File:
01-7825.pdf