Internal Revenue Service (IRS), Treasury.
This document corrects temporary regulations (TD 9164) that were published in the Federal Register on Friday, December 17, 2004 (69 FR 75455) concerning requirements for employee stock ownership plans (ESOPs) holding stock of Subchapter S corporations.
This document is effective on December 17, 2004.Start Further Info
FOR FURTHER INFORMATION CONTACT:
John T. Ricotta, (202) 622-6060 (not a toll-free number).End Further Info End Preamble Start Supplemental Information
The temporary regulations (TD 9164) that is the subject of this correction are under section 409(p).
Need for Correction
As published, the temporary regulations (TD 9164) contain errors that may prove to be misleading and are in need of clarification.Start List of Subjects
List of Subjects in 26 CFR Parts 1
- Income Taxes
- Reporting and recordkeeping requirements
Correction of PublicationStart Amendment Part
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
Paragraph 1. The authority citation for part 1 and continues to read in part as follows:End Amendment Part
Section 1.409(p)-1T(d)(2)(iv), is removed.End Amendment Part Start Signature
Cynthia E. Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedures and Administration).
[FR Doc. 05-4506 Filed 3-7-05; 8:45 am]
BILLING CODE 4830-01-P