Federal Register: May 11, 2010 (Volume 75, Number 90)
DOCID: fr11my10-2 FR Doc 2010-11078
DEPARTMENT OF THE TREASURY
Internal Revenue Service
CFR Citation: 26 CFR Part 1
RIN ID: RIN 1545-BE24
TD ID: [TD 9350]
DOCUMENT ACTION: Correcting amendment.
AJCA Modifications To the Section 6011 Regulations; Correction
DATES: This correction is effective on May 11, 2010, and is applicable on August 3, 2007.
This document contains a correction to final regulations (TD 9350) which were published in the Federal Register on Friday, August 3, 2007 (72 FR 43146) that modify the rules relating to the disclosure of reportable transactions under section 6011.
AJCA Modifications to the Section 6011 Regulations; Correction
The final regulations (TD 9350) that are the subject of this document are under section 6011 of the Internal Revenue Code. Need for Correction
As published, the final regulations (TD 9350) contain 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 * * *
Par. 2. Section 1.60114 is amended by revising the fifth sentence of paragraph (e)(1) to read as follows:
Sec. 1.60114 Requirement of statement disclosing participation in certain transactions by taxpayers.
* * * * *
(e) * * *
(1) * * * In the case of a taxpayer that is a partnership, an S corporation, or a trust, the disclosure statement for a reportable transaction must be attached to the partnership, S corporation, or trust's tax return for each taxable year in which the partnership, S corporation, or trust participates in the transaction under the rules of paragraph (c)(3)(i) of this section. * * *
* * * * *
LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration).
[FR Doc. 201011078 Filed 51010; 8:45 am]
BILLING CODE 483001P
FOR FURTHER INFORMATION CONTACT
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