[Federal Register Volume 61, Number 153 (Wednesday, August 7, 1996)]
[Rules and Regulations]
[Page 40993]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-20125]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Parts 1, 31 and 602
[TD 8664]
RIN 1545-AL99
Information Reporting and Backup Withholding; Correction
AGENCY: Internal Revenue Service, Treasury.
ACTION: Correction to final regulations.
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SUMMARY: This document contains corrections to final regulations [TD
8664] which were published in the Federal Register on Monday, April 22,
1996 (61 FR 17572). The final regulations provide rules regarding the
reporting on Form 1042-S of certain bank deposit interest paid with
respect to a United States bank account to an individual who is a
nonresident alien of the United States and a resident of Canada.
EFFECTIVE DATE: January 1, 1997.
FOR FURTHER INFORMATION CONTACT: Teresa Burridge Hughes, (202) 622-3880
(not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The final regulations which are the subject of these corrections
are under sections 3406 and 6049 of the Internal Revenue Code.
Need for Correction
As published, the final regulations (TD 8664) contain errors which
may prove to be misleading and are in need of clarification.
Correction of Publication
Accordingly, the publication of final regulations (TD 8664), which
are the subject of FR Doc. 96-9456 is corrected as follows:
1. On page 17572, column 3, in the preamble following the paragraph
heading ``Paperwork Reduction Act'', the first line of the column, the
language ``Washington DC 20224, and the Office of'' is corrected to
read ``Washington, DC 20224, and the Office of''.
2. On page 17573, column 1, in the preamble following the paragraph
heading ``B. Comments on Canadian Reporting Provisions'', the third
paragraph, line 5, the language ``the Form 1042-S to be the
transmittal'' is corrected to read ``the Form 1042 to be the
transmittal''.
PART 1--[CORRECTED]
3. On page 17573, column 2, in the authority citation, line 2, the
language ``Sections 1.6049-4 also issued under 26'' is corrected to
read ``Section 1.6049-4 also issued under 26''.
Sec. 1.6049-6 [Corrected]
4. On page 17574, column 1, Sec. 1.6049-6(e)(4), the fourth line
from the bottom of the paragraph, the language ``information on the
Form is being'' is corrected to read ``information on the form is
being''.
Cynthia E. Grigsby,
Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 96-20125 Filed 8-6-96; 8:45 am]
BILLING CODE 4830-01-U
