Browse: Departments   Dates   Agencies  

CFR Citation: 26 CFR Part 1

RIN ID: RIN 1545-BC33

TD ID: [TD 9164]

NOTICE: RULES

ACTION: Income taxes:

SUBJECT CATEGORY: Prohibited Allocations of Securities in an S Corporation

DOCUMENT SUMMARY: Correction

In rule document 0427294 beginning on page 75455 in the issue of Friday, December 17, 2004, make the following corrections:

Sec. 1.409(p)1T [Corrected]

1. On page 75462, in Sec. 1.409(p)1T(c)(3)(ii), in the first column, in the fifth line, ``(d)(2)(ii)(b)'' should read

``(d)(2)(ii)(b)''.

2. On page 75466, in the same section, in paragraph (h), in Example 3, in paragraph (i), in the table, in the second column heading, ``Present value of nonqualified deferred compensation'' should read ``Present value of nonqualified deferred compensation on determination date''.

3. On the same page, in the same section, in the same table, in the fourth column heading, ``New shares of synthetic equity on determination'' should read ``New shares of synthetic equity on determination date''

4. On the same page, in the same section, in the same table, in the fifth column heading, ``Aggregate number of synthetic equity shares'' should read ``Aggregate number of synthetic equity shares on determination date''.

5. On page 75468, in the first column, in the signature, ``Mark M. Matthews'' should read ``Mark E. Matthews''.
[FR Doc. C427294 Filed 32105; 8:45 am]
BILLING CODE 150501D

SUMMARY: S corporation securities; prohibited allocations; correction,

DOCUMENT BODY 2: Correction

In rule document 0427294 beginning on page 75455 in the issue of Friday, December 17, 2004, make the following corrections:

Sec. 1.409(p)1T [Corrected]

1. On page 75462, in Sec. 1.409(p)1T(c)(3)(ii), in the first column, in the fifth line, ``(d)(2)(ii)(b)'' should read

``(d)(2)(ii)(b)''.

2. On page 75466, in the same section, in paragraph (h), in Example 3, in paragraph (i), in the table, in the second column heading, ``Present value of nonqualified deferred compensation'' should read ``Present value of nonqualified deferred compensation on determination date''.

3. On the same page, in the same section, in the same table, in the fourth column heading, ``New shares of synthetic equity on determination'' should read ``New shares of synthetic equity on determination date''

4. On the same page, in the same section, in the same table, in the fifth column heading, ``Aggregate number of synthetic equity shares'' should read ``Aggregate number of synthetic equity shares on determination date''.

5. On page 75468, in the first column, in the signature, ``Mark M. Matthews'' should read ``Mark E. Matthews''.
[FR Doc. C427294 Filed 32105; 8:45 am]
BILLING CODE 150501D