Skip to Content

Rule

Recharacterizing Financing Arrangements Involving Fast-Pay Stock; Correction

Document Details

Information about this document as published in the Federal Register.

Published Document

This document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.

Start Preamble

AGENCY:

Internal Revenue Service (IRS), Treasury.

ACTION:

Correction to final regulations.

SUMMARY:

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.

DATES:

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

SUPPLEMENTARY INFORMATION:

Start Printed Page 16317

Background

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 Publication

Start Amendment Part

Accordingly, the publication of the final regulations (TD 8853), which were the subject of FR Doc.

End Amendment Part
[Corrected]
Start Amendment Part

1. On page 1316, in § 1.7701(l)-3(g)(2)(iii)

End Amendment Part Start Signature

Dale D. Goode,

Federal Register Liaison, Assistant Chief Counsel (Corporate).

End Signature End Supplemental Information

[FR Doc. 00-5235 Filed 3-27-00; 8:45 am]

BILLING CODE 4830-01-P