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Passthrough of Items of an S Corporation to Its Shareholders; 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 Correction to final regulations.

SUMMARY:

This document contains a correction to a correction to final regulations which was published in the Federal Register on Thursday, March 9, 2000 (65 FR 12471), relating to the passthrough of items of an S corporation to its shareholders, the adjustments to the basis of stock of the shareholders, Start Printed Page 16319and the treatment of distributions by an S corporation.

DATES:

This correction is effective December 22, 1999.

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FOR FURTHER INFORMATION CONTACT:

Martin Schaffer, Deane Burke, or David Shulman at (202) 622-3070, or Brenda Stewart at (202) 622-3120 (not toll-free numbers).

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SUPPLEMENTARY INFORMATION:

Background

The correction to final regulations that are subject to this correction is under sections 1366, 1367, and 1368 of the Internal Revenue Code.

Need for Correction

As published, the correction to final regulations (TD 8852) contains a typographical error that may prove to be misleading and is in need of clarification.

Correction of Publication

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Accordingly, the publication of the correction of the final regulations (TD 8852), which was the subject of FR Doc.

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[Corrected]
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1. On page 12471, third column, the penultimate line of the correction for § 1.1367-1, the reference “§ 1.1377(b)(1)” is corrected to read “§ 1.1377-1(b)(1)”.

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Dale D. Goode,

Federal Register Liaison, Assistant Chief Counsel (Corporate).

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[FR Doc. 00-6693 Filed 3-27-00; 8:45 am]

BILLING CODE 4830-01-U