Skip to Content


Rules for Property Produced in a Farming Business; 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


Internal Revenue Service (IRS), Treasury.


Correction of final regulations.

Start Printed Page 61092


This document contains corrections to final regulations relating to the application of section 263A of the Internal Revenue Code to property produced in the trade or business of farming. This document was published in the Federal Register on August 21, 2000 (65 FR 50638).


August 21, 2000.

Start Further Info


Grant D. Anderson (202) 622-4970 (not a toll-free number).

End Further Info End Preamble Start Supplemental Information


Need for Correction

As published, the final regulations (TD 8897) contain errors that may prove to be misleading and are in need of clarification.

Correction of Publication

Accordingly, the publication of the final regulations (TD 8897), which were the subject of FR Doc. 00-21103, is corrected as follows:

Start Amendment Part

1. On page 50638, column 3, in the preamble under the paragraph heading, “Background”, line 3, the language “proposed rulemaking (REG-208151-91)” is corrected to read “proposed rulemaking (REG-209316-86)''.

End Amendment Part Start Amendment Part

2. On page 50640, column 3, paragraph 1, line 14, the language “I.R.B. (Sept. 5, 2000)) issued” is corrected to read “I.R.B. 256 (Sept. 5, 2000)) issued”.

End Amendment Part Start Part


End Part Start Amendment Part

3. On page 50644, column 2, in amendatory instruction Par. 5., remove item designations for items “1.” and “2.” and correctly designate the items “2.” and “3.”, respectively. Add new item “1.” to read as follows:

End Amendment Part Start Amendment Part

1. The last sentence of paragraph (a)(3)(v) is revised.

End Amendment Part Start Amendment Part

4. On page 50644, column 2, § 1.263A-1, remove the five asterisks following the section heading and add the following language for the last sentence of paragraph (a)(3)(v) to read as follows:

End Amendment Part
Uniform capitalization of costs.

(a) * * *

(3) * * *

(v) * * * See sections 263A(d) and 263A(e) and § 1.263A-4 for rules relating to taxpayers engaged in a farming business.

* * * * *
Start Amendment Part

5. On page 50644, column 3, § 1.263A-4, paragraph (a)(2)(i)(B), line 3, the language “disbursements method under section” is corrected to read “disbursements method of accounting (cash method) under section”.

End Amendment Part Start Amendment Part

6. On page 50648, column 3, § 1.263A-4, paragraph (d)(2), line 5 from the top of the column, the language “required to use the accrual method” is corrected to read “required to use an accrual method”.

End Amendment Part Start Signature

Cynthia E. Grigsby,

Chief, Regulations Unit, Office of Special Counsel (Modernization & Strategic Planning).

End Signature End Supplemental Information

[FR Doc. 00-25998 Filed 10-13-00; 8:45 am]