Federal Register: December 11, 2008 (Volume 73, Number 239)
DOCID: fr11de08-10 FR Doc E8-29273
DEPARTMENT OF THE TREASURY
Internal Revenue Service
CFR Citation: 26 CFR Part 1
RIN ID: RIN 1545-BH99
TD ID: [TD 9430]
DOCUMENT ACTION: Correction to final and temporary regulations.
Information Reporting for Discharges of Indebtedness; Correction
DATES: Effective Date: This correction is effective December 11, 2008, and is applicable on November 10, 2008.
This document contains a correction to final and temporary regulations (TD 9430) that were published in the Federal Register on Monday, November 10, 2008 (73 FR 66539) relating to information returns for cancellation of indebtedness by certain entities. The temporary regulations will avoid premature information reporting from certain businesses that are currently required to report and will reduce the number of information returns required to be filed. The temporary regulations will impact certain lenders who are currently required to file information returns under the existing regulations.
Information Reporting for Discharges of Indebtedness; Correction,
The final and temporary regulations that are the subject of this document are under section 6050P of the Internal Revenue Code. Need for Correction
As published, final and temporary regulations (TD 9430) contains an error that may prove to be misleading and is in need of clarification. Correction of Publication
Accordingly, the publication of the final and temporary regulations (TD 9430), which was the subject of FR Doc. E826676, is corrected as follows:
On page 66540, column 1, in the preamble, under the paragraph
heading ``Reasons for Change'', first paragraph of the column, line 14,
the language ``Treasury Department and IRS is'' is corrected to read ``Treasury Department and IRS are''.
LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration).
[FR Doc. E829273 Filed 121008; 8:45 am]
BILLING CODE 483001P
FOR FURTHER INFORMATION CONTACT
Barbara Pettoni, (202) 622-4910 (not a tollfree number).