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CFR Citation: 26 CFR Part 1

RIN ID: RIN 1545-BD42

TD ID: [TD 9186]

NOTICE: RULES

ACTION: Income taxes:

DOCUMENT ACTION: Correcting amendment.

SUBJECT CATEGORY: Qualified Amended Returns; Correction

DATES: This correction is effective March 2, 2005.

DOCUMENT SUMMARY: This document contains corrections to temporary regulations (TD 9186) which were published in the Federal Register on Wednesday, March 2, 2005 (70 FR 10037). The temporary regulations modify the rules relating to qualified amended returns by providing additional circumstances that end the period within which a taxpayer may file an amended return that constitutes a qualified amended return.

SUMMARY: Qualified amended returns; temporary regulations; Correction,

SUPPLEMENTAL INFORMATION

The temporary regulations (TD 9186) that are the subject of these corrections are under section 6227 of the Internal Revenue Code. Need for Correction

As published, TD 9186 contains errors that may prove to be misleading and are 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 amendments:
[[Page 36345]]
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. 1.66642T [Corrected]
1. Section 1.66642T(c)(3)(i)(B) is amended by removing ``of an activity'' and adding ``for an activity'' in its place.
2. Section 1.66642T(c)(3)(ii)(A) is amended by removing ``Sec. 1.66642(c)(3)(i)'' and adding ``Sec. 1.66642T(c)(3)(i)'' in its place.
3. Section 1.66642T(c)(3)(ii)(C) is amended by removing ``who is a material advisor (within the meaning of section 6111)'' and adding ``from any person who gave the taxpayer material aid, assistance, or advice as described in section 6111(b)(1)(A)(i)'' in its place. 4. Section Sec. 1.66642T(c)(5) Example 3., is redesignated as Sec. 1.66642T(c)(5) Example 3 (i).
5. Newly designated Sec. 1.66642T(c)(5) Example 3. (i) is amended by removing ``2003'' and adding ``2004'' each place it appears. 6. The undesignated text in Sec. 1.66642T(c)(5) Example 3. is designated as Sec. 1.66642T(c)(5) Example 3. (ii).
7. Section 1.66642T(c)(5) Example 4., the first sentence is amended by removing ``2003'' and adding ``2004'' in its place.
8. Section 1.66642T(c)(5) Example 7., is redesignated as Sec. 1.6664 2T(c)(5) Example 7. (i).
9. The undesignated text in Sec. 1.66642T(c)(5) Example 7. is designated as Sec. 1.66642T(c)(5) Example 7. (ii).
Cynthia E. Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration). [FR Doc. 0512385 Filed 62205; 8:45 am]
BILLING CODE 483001P

FOR FURTHER INFORMATION CONTACT Nancy M. Galib at (202) 622-4940 (not a tollfree number).