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Start Preamble
AGENCY:
Internal Revenue Service (IRS), Treasury.
ACTION:
Correcting amendment.
SUMMARY:
This document contains corrections to final regulations (TD 9787) that were published in the Federal Register on Wednesday, October 5, 2016 (81 FR 69291). The final regulations are under sections 707 and 752 of the Internal Revenue Code.
DATES:
This correction is effective November 16, 2016 and is applicable on and after October 5, 2016.
Start Further InfoFOR FURTHER INFORMATION CONTACT:
Deane M. Burke or Caroline E. Hay at (202) 317-5279 (not a toll-free number).
End Further Info End Preamble Start Supplemental InformationSUPPLEMENTARY INFORMATION:
Background
The final regulations (TD 9787) that are the subject of this correction are under sections 707 and 752 of the Internal Revenue Code.
Need for Correction
As published, the final regulations (TD 9787) contain errors that may prove to be misleading and are in need of clarification.
Start List of SubjectsList of Subjects in 26 CFR Part 1
- Income taxes
- Reporting and recordkeeping requirements
Correction of Publication
Start Amendment PartAccordingly, 26 CFR Part 1 is corrected by making the following correcting amendments:
End Amendment Part Start PartPART 1—INCOME TAXES
End Part Start Amendment PartParagraph 1. The authority citation for part 1 continues to read in part as follows:
End Amendment PartSection 1.707-5 also issued under 26 U.S.C. 707(a)(2)(B).
[Amended]Par. 2. For each entry in § 1.707-5(f) in the “Section” column, remove the language in the “Remove” column from wherever it appears in the Example and add in its place the language in the “Add” column as set forth below:
End Amendment PartStart SignatureSection Remove Add Paragraph (f) Example 5 (i) 2016 2017 Paragraph (f) Example 10 (i) 2016 2017 Paragraph (f) Example 10 (ii) 2016 2017 Paragraph (f) Example 11 (i) 2016 2017 Paragraph (f) Example 11 (ii) 2016 2017 Paragraph (f) Example 12 (i) 2016 2017 Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2016-27515 Filed 11-15-16; 8:45 am]
BILLING CODE 4830-01-P
Document Information
- Effective Date:
- 11/16/2016
- Published:
- 11/16/2016
- Department:
- Internal Revenue Service
- Entry Type:
- Rule
- Action:
- Correcting amendment.
- Document Number:
- 2016-27515
- Dates:
- This correction is effective November 16, 2016 and is applicable on and after October 5, 2016.
- Pages:
- 80587-80587 (1 pages)
- Docket Numbers:
- TD 9787
- RINs:
- 1545-BK29: Regarding Disguised Sales of Property Section 707
- RIN Links:
- https://www.federalregister.gov/regulations/1545-BK29/regarding-disguised-sales-of-property-section-707
- Topics:
- Income taxes, Reporting and recordkeeping requirements
- PDF File:
- 2016-27515.pdf
- Supporting Documents:
- » Section 707 Regarding Disguised Sales, Generally; Correction
- » Disguised Sales
- » Section 707 Regarding Disguised Sales, Generally
- CFR: (1)
- 26 CFR 1.707-5