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Rule

Excise Taxes on Excess Benefit Transactions; 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 to temporary regulations.

SUMMARY:

This document contains corrections to temporary regulations that were published in the Federal Register on January 10, 2001 (66 FR 2144). This document relates to the excise taxes on excess benefit transactions under section 4958 of the Internal Revenue Code.

DATES:

This correction is effective January 10, 2001.

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FOR FURTHER INFORMATION CONTACT:

Phyllis D. Haney (202) 622-4290 (not a toll-free number).

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SUPPLEMENTARY INFORMATION:

Background

These temporary regulations that are the subject of this correction are under section 4958 of the Internal Revenue Code.

Need for Correction

As published, these temporary regulations (TD 8920) 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 temporary regulations (TD 8920), which were the subject of FR Doc.

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1. On page 2164, column 3, § 53.4958-4T, paragraph (a)(3)(vii),

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2. On page 2165, column 1, § 53.4958-4T, paragraph (a)(3)(vii),

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3. On page 2165, column 1, § 53.4958-4T, paragraph (a)(3)(vii),

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4. On page 2167, column 2, § 53.4958-4T, paragraph (c)(3)(i)(B), last line in the paragraph, the language “paragraph (b)(3)(i)(A) of this section.” is corrected to read “paragraph (c)(3)(i)(A) of this section.”.

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5. On page 2168, column 1, § 53.4958-6T, paragraph (a)(1), first line in the column, the language “the organization with the meaning of” is corrected to read “the organization within the meaning of”.

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6. On page 2169, column 1, § 53.4958-6T, paragraph (c)(2)(iv),

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7. On page 2169, column 1, § 53.4958-6T, paragraph (c)(2)(iv),

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8. On page 2171, column 3, § 301.7611-1, under the undesignated centerheading “Application to Section 4958”, A-19, line 1, the language “A-19: See § 53.4958-7(b) of this” is

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Cynthia E. Grigsby,

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

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[FR Doc. 01-5006 Filed 3-1-01; 8:45 am]

BILLING CODE 4830-01-P