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Home » 2014 Issues » 79 FR (09/26/2014) » 2014-22952. Awards for Information Relating to Detecting Underpayments of Tax or Violations of the Internal Revenue Laws; Correction

  2014-22952. Awards for Information Relating to Detecting Underpayments of Tax or Violations of the Internal Revenue Laws; Correction  

  • Start Preamble

    AGENCY:

    Internal Revenue Service (IRS), Treasury.

    ACTION:

    Correcting amendments.

    SUMMARY:

    This document contains corrections to final regulations (TD 9687) that were published in the Federal Register on Tuesday, August 12, 2014 (79 FR 47246). The final Start Printed Page 57785regulations provide comprehensive guidance for the award program authorized under Internal Revenue Code (Code) section 7623.

    DATES:

    This correction is effective on September 26, 2014, and is applicable beginning August 12, 2014.

    Start Further Info

    FOR FURTHER INFORMATION CONTACT:

    Melissa A. Jarboe at (202) 317-5437 (not a toll-free number).

    End Further Info End Preamble Start Supplemental Information

    SUPPLEMENTARY INFORMATION:

    Background

    The final regulation (TD 9687) that is the subject of this correction is under section 7623.

    Need for Correction

    As published, final regulations (TD 9687) contain errors that may prove to be misleading and are in need of clarification.

    Start List of Subjects

    List of Subjects in 26 CFR Part 301

    • Employment taxes
    • Estate taxes
    • Excise taxes
    • Gift taxes
    • Income taxes
    • Penalties
    • Reporting and recordkeeping requirements
    End List of Subjects

    Correction of Publication

    Accordingly, 26 CFR part 301 is amended by making the following correcting amendments:

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    PART 301—PROCEDURE AND ADMINISTRATION

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    Paragraph 1. The authority citation for part 301 continues to read in part as follows:

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    Authority: 26 U.S.C. 7805 * * *

    End Authority Start Amendment Part

    Par. 2. § 301.7623-2 is amended by revising paragraph (d)(4).

    End Amendment Part
    Definitions.
    * * * * *

    (d) * * *

    (4) Criminal fines. Criminal fines deposited into the Crime Victims Fund are not collected proceeds and cannot be used for payment of awards.

    * * * * *
    Start Signature

    Martin V. Franks,

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

    End Signature End Supplemental Information

    [FR Doc. 2014-22952 Filed 9-25-14; 8:45 am]

    BILLING CODE 4830-01-P

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Document Information

Effective Date:
9/26/2014
Published:
09/26/2014
Department:
Internal Revenue Service
Entry Type:
Rule
Action:
Correcting amendments.
Document Number:
2014-22952
Dates:
This correction is effective on September 26, 2014, and is applicable beginning August 12, 2014.
Pages:
57784-57785 (2 pages)
Docket Numbers:
TD 9687
RINs:
1545-BL08: Awards for Information Relating To Detecting Underpayments of Tax or Violations of the Internal Revenue Laws
RIN Links:
https://www.federalregister.gov/regulations/1545-BL08/awards-for-information-relating-to-detecting-underpayments-of-tax-or-violations-of-the-internal-reve
Topics:
Employment taxes, Estate taxes, Excise taxes, Gift taxes, Income taxes, Penalties, Reporting and recordkeeping requirements
PDF File:
2014-22952.pdf
CFR: (1)
26 CFR 301.7623-2