E7-18812. Corporate Estimated Tax; Correction

AGENCY:

Internal Revenue Service (IRS), Treasury.

ACTION:

Correction to final regulations.

SUMMARY:

This document contains a correction to final regulations (TD 9347) that were published in the Federal Register on Tuesday, August 7, 2007 (72 FR 44338) providing guidance to corporations with respect to estimated tax requirements.

DATES:

The correction is effective September 25, 2007.

FOR FURTHER INFORMATION CONTACT:

Timothy Sheppard at [phone] (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

The final regulations that are the subject of this correction are under sections 6425 and 6655 of the Internal Revenue Code.

Need for Correction

As published, final regulations (TD 9347) contain an error that may prove to be misleading and is in need of clarification.

Correction of Publication

Accordingly, the publication of the final regulations (TD 9347), which was the subject of FR Doc. E7-14946, is corrected as follows:

On page 44347, column 1, in the preamble, under the paragraph heading “Effect on Other Documents”, line 10 from the bottom of the first paragraph of the column, the language “rational underlying the conclusion in” is corrected to read “rationale underlying the conclusion in”.

LaNita Van Dyke,

Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, Procedure and Administration.