This PDF is the current document as it appeared on Public Inspection on 04/27/2015 at 08:45 am.
Internal Revenue Service (IRS), Treasury.
This document contains corrections to final regulations (TD 9718) that were published in the Federal Register on Tuesday, March 31, 2015 (80 FR 16973). The final regulations relating to the exception to the general three-year period of limitations on assessment under section 6501(c)(10) of the Internal Revenue Code (Code) for listed transactions that taxpayer failed to disclosed as required under section 6011.Start Printed Page 23444
This correction is effective on April 28, 2015, and is applicable March 31, 2015.Start Further Info
FOR FURTHER INFORMATION CONTACT:
Danielle Pierce at (202) 317-6845 (not a toll-free number).End Further Info End Preamble Start Supplemental Information
The final regulation (TD 9718) that is the subject of this correction is under section 6011.
Need for Correction
As published, final regulations (TD 9718) 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. Section 301.6501(c)-1 is amended by revising the first sentence of paragraph (g)(5)(i)(D) to read as follows:End Amendment Part
(g) * * *
(5) * * *
(i) * * *
(D) * * * Unless an earlier expiration is provided for in paragraph (g)(6) of this section, the time to assess tax under this paragraph (g) will not expire before one year after the date on which the Secretary is furnished the information from the taxpayer that satisfies all of the requirements of paragraphs (g)(5)(i)(A) and (B) of this section and, if applicable, paragraph (g)(5)(i)(C) of this section. * * *
Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2015-09710 Filed 4-27-15; 8:45 am]
BILLING CODE 4830-01-P