This PDF is the current document as it appeared on Public Inspection on 09/25/2014 at 08:45 am.
Internal Revenue Service (IRS), Treasury.
This document contains corrections to final regulations (TD 9687) that were published in the Federal Register on Tuesday, August 12, 2014 (79 FR 47246). The final Start Printed Page 57785regulations provide comprehensive guidance for the award program authorized under Internal Revenue Code (Code) section 7623.
This correction is effective on September 26, 2014, and is applicable beginning August 12, 2014.Start Further Info
FOR FURTHER INFORMATION CONTACT:
Melissa A. Jarboe at (202) 317-5437 (not a toll-free number).End Further Info End Preamble Start Supplemental Information
The final regulation (TD 9687) that is the subject of this correction is under section 7623.
Need for Correction
As published, final regulations (TD 9687) contain errors that may prove to be misleading and are in need of clarification.Start List of Subjects
List of Subjects in 26 CFR Part 301
- Employment taxes
- Estate taxes
- Excise taxes
- Gift taxes
- Income taxes
- Reporting and recordkeeping requirements
Correction of Publication
Accordingly, 26 CFR part 301 is amended by making the following correcting amendments:Start Part
PART 301—PROCEDURE AND ADMINISTRATIONEnd Part Start Amendment Part
Paragraph 1. The authority citation for part 301 continues to read in part as follows:End Amendment Part Start Amendment Part
Par. 2. § 301.7623-2 is amended by revising paragraph (d)(4).End Amendment Part
(d) * * *
(4) Criminal fines. Criminal fines deposited into the Crime Victims Fund are not collected proceeds and cannot be used for payment of awards.
Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2014-22952 Filed 9-25-14; 8:45 am]
BILLING CODE 4830-01-P