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CFR Citation: 26 CFR Part 1

RIN ID: RIN 1545-BE12

TD ID: [TD 9206]

NOTICE: RULES

ACTION: Income taxes:

DOCUMENT ACTION: Correcting amendment.

SUBJECT CATEGORY: Information Returns by Donees Relating to Qualified Intellectual Property Contributions; Correction

DATES: This correction is effective May 23, 2005.

DOCUMENT SUMMARY: This document contains a correction to temporary regulations (TD 9206) that was published in the Federal Register on Monday, May 23, 2005 (70 FR 29450) providing guidance for the filing of information returns by donees relating to qualified intellectual property contributions.

SUMMARY: Correction,

SUPPLEMENTAL INFORMATION

The final regulation (TD 9206) that is the subject of this correction is under section 6050 of the Internal Revenue Code. Need for Correction

As published, TD 9206, contains an error that may prove to be misleading and is in need of clarification.

List of Subjects in 26 CFR Part 1

Income taxes, Reporting and recordkeeping requirements. Correction of Publication
Accordingly, 26 CFR Part 1 is corrected by making the following correcting amendment:
PART 1INCOME TAXES
Paragraph 1. The authority citation for part 1 continues to read in part as follows:

Authority: 26 U.S.C. 7805 * * *
Sec. 1.6050L2T [Corrected]
Section 1.6050L2T(c)(3) is amended by removing the language ``the 90th day
[[Page 36346]]
following May 23, 2005.'' and adding the language ``August 22, 2005.'' in its place.
Cynthia Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration). [FR Doc. 0512384 Filed 62205; 8:45 am]
BILLING CODE 483001P

FOR FURTHER INFORMATION CONTACT Donnell M. Rini-Swyers, (202) 622-4910 (not a tollfree number).