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Rule

Amortization of Intangible Property; 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.

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AGENCY:

Internal Revenue Service (IRS), Treasury.

ACTION:

Correction of final regulations.

SUMMARY:

This document contains corrections to final regulations which were published in the Federal Register on Tuesday, January 25, 2000 (65 FR 3820), relating to the amortization of certain intangible property.

DATES:

This correction is effective January 25, 2000.

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FOR FURTHER INFORMATION CONTACT:

John Huffman at (202) 622-3110 (not a toll-free number).

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SUPPLEMENTARY INFORMATION:

Background

The final regulations that are subject to these corrections are under sections 167 and 197 of the Internal Revenue Code.

Need for Correction

As published, the final regulations (TD 8865) contain errors that may prove to be misleading and are in need of clarification.

Correction of Publication

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Accordingly, the publication of the final regulations (TD 8865), which were the subject of FR Doc.

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[Corrected]
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1. On page 3834, column 3, § 1.197-2(g)(3), line 22, the language, “increase. The provisions of paragraph” is corrected to read “increase, except as provided in § 1.743-1(j)(f)(i)(B)(

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2. On page 3834, column 3, § 1.197-2(g)(4)(i), lines 10 through 13, the language, “either the curative or remedial allocation methods described in the regulations under section 704(c). See § 1.704-3(c) and (d)” is corrected to read “any of the permissible methods described in the regulations under section 704(c). See § 1.704-3”.

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3. On page 3834, column 1, § 1.197-2(g)(4)(ii), line 6, the language, “the intangible is not amortizable by the” is corrected to read “the intangible is not amortizable under section 197 by the ”.

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4. On page 3839, column 3, § 1.197-2(k)

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5. On page 3839, column 3, § 1.197-2(k)

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6. On page 3839, column 3, § 1.197-2(k)

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7. On page 3843, column 1, § 1.197-2(k)

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8. On page 3843, column 2, § 1.197-2(l)(4)(iii), line 14, the language, “before a federal court, the taxpayer must” is corrected to read “before a Federal court, the taxpayer must”.

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Dale D. Goode,

Federal Register Liaison, Assistant Chief Counsel (Corporate).

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[FR Doc. 00-5246 Filed 3-27-00; 8:45 am]

BILLING CODE 4830-01-U