Federal Register: January 22, 2010 (Volume 75, Number 14)
DOCID: fr22ja10-15 FR Doc 2010-1122
DEPARTMENT OF THE TREASURY
Internal Revenue Service
CFR Citation: 26 CFR Part 1
RIN ID: RIN 1545-BI66
REG ID: [REG-101896-09]
NOTICE: PROPOSED RULES
DOCID: fr22ja10-15
DOCUMENT ACTION: Correction to a notice of proposed rulemaking.
SUBJECT CATEGORY:
Basis Reporting by Securities Brokers and Basis Determination for Stock; Correction
DOCUMENT SUMMARY:
This document contains corrections to a notice of proposed rulemaking that was published in the Federal Register on Thursday, December 17, 2009, relating to reporting sales of securities by brokers and determining the basis of securities.
SUMMARY:
Basis Reporting by Securities Brokers and Basis Determination for Stock; Correction
SUPPLEMENTAL INFORMATION
Background
A notice of proposed rulemaking that is the subject of this document is under sections 408, 1012, 6039, 6042, 6044, 6045, 6045A, 6045B and 6049 of the Internal Revenue Code.
Need for Correction
As published, a notice of proposed rulemaking (REG10189609), published Thursday, December 17, 2009 (74 FR 67010), contains errors that may prove to be misleading and are in need of clarification. Correction of Publication
Accordingly, the publication of a notice of proposed rulemaking (REG10189609), which was the subject of FR Doc. E929855, is corrected as follows:
1. On page 67013, column 3, in the preamble, under paragraph heading ``a. Form and Manner of New Broker Reporting Requirements'', last line of the first paragraph of the column, the language ``pub/irs dft/f1099kdft.pdf.'' is corrected to read ``pub/irsdft/f1099b dft.pdf.''.
Sec. 1.60451 [Corrected]
2. On page 67035, column 2, paragraph (f)(2)(i), lines 6 thru 8,
the language ``shall show on Form 1099, ``U.S. Information Return for
Calendar Year 1971,'' or any successor form the name,'' is corrected to
read ``shall show on Form 1099B, ``Proceeds from Broker and Barter Exchange Transactions,'' or any successor form the name''.
Guy R. Traynor,
Acting Chief, Publications and Regulations Branch, Legal Processing
Division, Associate Chief Counsel (Procedure and Administration). [FR Doc. 20101122 Filed 12110; 8:45 am]
BILLING CODE 483001P
FOR FURTHER INFORMATION CONTACT
Concerning the proposed regulations under section 1012, Edward C. Schwartz, (202) 6224960; Concerning the proposed regulations under sections 3406, 6045, 6045A, 6045B, 6721, and 6722, Stephen Schaeffer, (202) 6224910 (not tollfree numbers).