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CFR Citation: 26 CFR Part 301

RIN ID: RIN 1545-AT91

TD ID: [TD 8697]

NOTICE: RULES

DOCUMENT ACTION: Correcting amendment.

SUBJECT CATEGORY: Simplification of Entity Classification Rules; Correction

DATES: This correction is effective on April 4, 2008 and is applicable on January 1, 1997.

DOCUMENT SUMMARY: This document contains a correction to final regulations (TD 8697), that were published in the Federal Register on Wednesday, December 18, 1996 (61 FR 66584). The final regulations classify certain business organizations under an elective regime.

SUMMARY: Simplification of Entity Classification Rules; Correction,

SUPPLEMENTAL INFORMATION

The final regulations (TD 8697) that is the subject of this correction is under section 7701 of the Internal Revenue Code. Need for Correction

As published, TD 8697 contains an error that may prove to be misleading and is in need of clarification.

List of Subjects 26 CFR Part 301

Employment taxes, Estate taxes, Excise taxes, Gift taxes, Income taxes, Penalties, Reporting and recordkeeping requirements. Correction of Publication
Accordingly, 26 CFR part 301 is corrected by making the following correcting amendment:
PART 301PROCEDURE AND ADMINISTATION
Paragraph 1. The authority citation for part 301 continues to read in part as follows:

Authority: 26 U.S.C. 7805 * * *
Par. 2. Section 301.77012(b)(8)(i) is amended by revising the entry for ``Romania, Societe pe Actiuni'' to read as follows:
Sec. 301.77012 Business entities; definitions.
* * * * *
[[Page 18443]]
(b) * * *
(8) * * *
(i) * * *

Romania, Societate pe Actiuni
* * * * *
Cynthia E. Grigsby,
Senior Federal Register Liaison Officer, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration).
[FR Doc. E86734 Filed 4308; 8:45 am]
BILLING CODE 483001P

FOR FURTHER INFORMATION CONTACT Stephen J. Hawes, (202) 622-3860 (not a tollfree number).