Internal Revenue Service (IRS), Treasury.
This document contains correction to temporary regulations (TD 9335) that were published in the Federal Register on Friday, July 6, 2007 (72 FR 36869) under section 6033(a)(2) of the Internal Revenue Code that provide rules regarding the form, manner and timing of disclosure obligations with respect to prohibited tax shelter transactions to which tax-exempt entities are parties.
The correction is effective August 16, 2007.Start Further Info
FOR FURTHER INFORMATION CONTACT:
Galina Kolomietz, (202) 622-6070, or Michael Blumenfeld, (202) 622-1124 (not toll-free numbers). For questions specifically relating to qualified pension plans, individual retirement accounts, and similar tax-favored savings arrangements, contact Dana Barry, (202) 622-6060 (not a toll-free number).End Further Info End Preamble Start Supplemental Information
The temporary regulations that are the subject of this correction are under section 6033 of the Internal Revenue Code.
Need for Correction
As published, temporary regulations (TD 9335) contain an error that may prove to be misleading and is in need of clarification.Start List of Subjects
List of Subject in 26 CFR Part 1End List of Subjects
Correction of PublicationStart Amendment Part
Accordingly,End Amendment Part Start Part
PART 1—INCOME TAXESEnd Part Start Amendment Part
End Amendment Part Start Amendment Part
End Amendment Part
(e) * * *
(1) * * *
(i) In general. The disclosure required by this section shall be filed on or before May 15 of the calendar year following the close of the calendar year during which the tax-exempt entity entered into the prohibited tax shelter transaction.
LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration).
[FR Doc. E7-16073 Filed 8-15-07; 8:45 am]
BILLING CODE 4830-01-P