This PDF is the current document as it appeared on Public Inspection on 11/15/2016 at 08:45 am.
Internal Revenue Service (IRS), Treasury.
This document contains corrections to final regulations (TD 9787) that were published in the Federal Register on Wednesday, October 5, 2016 (81 FR 69291). The final regulations are under sections 707 and 752 of the Internal Revenue Code.
This correction is effective November 16, 2016 and is applicable on and after October 5, 2016.Start Further Info
FOR FURTHER INFORMATION CONTACT:
Deane M. Burke or Caroline E. Hay at (202) 317-5279 (not a toll-free number).End Further Info End Preamble Start Supplemental Information
The final regulations (TD 9787) that are the subject of this correction are under sections 707 and 752 of the Internal Revenue Code.
Need for Correction
As published, the final regulations (TD 9787) 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 1
- Income taxes
- Reporting and recordkeeping requirements
Correction of PublicationStart Amendment Part
Accordingly, 26 CFR Part 1 is corrected by making the following correcting amendments:End Amendment Part Start Part
PART 1—INCOME TAXESEnd Part Start Amendment Part
Paragraph 1. The authority citation for part 1 continues to read in part as follows:End Amendment Part
Section 1.707-5 also issued under 26 U.S.C. 707(a)(2)(B).
Par. 2. For each entry in § 1.707-5(f) in the “Section” column, remove the language in the “Remove” column from wherever it appears in the Example and add in its place the language in the “Add” column as set forth below:End Amendment Part
|Paragraph (f) Example 5 (i)||2016||2017|
|Paragraph (f) Example 10 (i)||2016||2017|
|Paragraph (f) Example 10 (ii)||2016||2017|
|Paragraph (f) Example 11 (i)||2016||2017|
|Paragraph (f) Example 11 (ii)||2016||2017|
|Paragraph (f) Example 12 (i)||2016||2017|
Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2016-27515 Filed 11-15-16; 8:45 am]
BILLING CODE 4830-01-P