Internal Revenue Service (IRS), Treasury.
This document contains corrections to final regulations (TD 8869), which were published in the Federal Register on Tuesday, January 25, 2000 (65 FR 3843), relating to the treatment of corporate subsidiaries of S corporations.
January 25, 2000.Start Further Info
FOR FURTHER INFORMATION CONTACT:
Jeanne M. Sullivan (202) 622-3070 (not a toll-free number).End Further Info End Preamble Start Supplemental Information
The final regulations that are the subject of this correction are under section 1361 of the Internal Revenue Code. Start Printed Page 65313
Need for Correction
As published, final regulations (TD 8869) contains an error which may prove to be misleading and is in need of clarification.Start List of Subjects
List of Subjects in 26 CFR Part 1
- Income taxes
- Reporting and recordkeeping requirements
Accordingly, 26 CFR part 1 is corrected by making the following correcting amendment:End Amendment Part Start Part
PART 1—INCOME TAXESEnd Part Start Amendment Part
1. The authority citation for part 1 continues to read in part as follows:End Amendment Part
2. In § 1.1361-5, paragraph (c)(1), the first sentence is amended by removing the language “paragraph (b) of this section)” and adding the language “§ 1.1362-5(b))” in its place.End Amendment Part Start Signature
Cynthia E. Grigsby,
Chief, Regulations Unit, Associate Chief Counsel (Income Tax and Accounting).
[FR Doc. 02-27042 Filed 10-23-02; 8:45 am]
BILLING CODE 4830-01-P