Internal Revenue Service (IRS), Treasury.
Correction to final regulations.
This document contains corrections to final regulations which were published in the Federal Register on January 10, 2000 (65 FR 1310), that recharacterize, for tax purposes, financing arrangements involving fast-pay stock.
This correction is effective January 10, 2000.Start Further Info
FOR FURTHER INFORMATION CONTACT:
Jonathan Zelnick, (202) 622-3920 (not a toll-free number).End Further Info End Preamble Start Supplemental Information
Start Printed Page 16317
The final regulations that are the subject of this correction are under section 7701(l) of the Internal Revenue Code.
Need for Correction
As published, the final regulations (TD 8853) contain an error that may prove to be misleading and is in need of clarification.
Correction of PublicationStart Amendment Part
Accordingly, the publication of the final regulations (TD 8853), which were the subject of FR Doc. 00-114, is corrected as follows:End Amendment Part
1. On page 1316, in § 1.7701(l)-3(g)(2)(iii) Example 1, paragraph (ii)(C)(2), in the third column of the table, the heading “Amortizable premium” is corrected to read “Accrued discount”.End Amendment Part Start Signature
Dale D. Goode,
Federal Register Liaison, Assistant Chief Counsel (Corporate).
[FR Doc. 00-5235 Filed 3-27-00; 8:45 am]
BILLING CODE 4830-01-P