Rules and Regulations. Correction of Correction to final regulations

258 words·~1 min read·/register/2000/03/28/00-6693

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BILLING CODE 4830-01-U DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 [TD 8852] RIN 1545-AT52 Passthrough of Items of an S Corporation to Its Shareholders; Correction AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Correction of Correction to final regulations. SUMMARY: This document contains a correction to a correction to final regulations which was published in the **Federal Register** on Thursday, March 9, 2000 (65 FR 12471), relating to the passthrough of items of an S corporation to its shareholders, the adjustments to the basis of stock of the shareholders, and the treatment of distributions by an S corporation.

DATES: This correction is effective December 22, 1999. FOR FURTHER INFORMATION CONTACT: Martin Schaffer, Deane Burke, or David Shulman at

(202)622-3070, or Brenda Stewart at

(202)622-3120 (not toll-free numbers). SUPPLEMENTARY INFORMATION: Background The correction to final regulations that are subject to this correction is under sections 1366, 1367, and 1368 of the Internal Revenue Code. Need for Correction As published, the correction to final regulations (TD 8852) contains a typographical error that may prove to be misleading and is in need of clarification. Correction of Publication Accordingly, the publication of the correction of the final regulations (TD 8852), which was the subject of FR Doc. 00-5244, is corrected as follows: § 1.1367-1 [Corrected] 1. On page 12471, third column, the penultimate line of the correction for § 1.1367-1, the reference “§ 1.1377(b)(1)” is corrected to read “§ 1.1377-1(b)(1)”. Dale D. Goode, Federal Register Liaison, Assistant Chief Counsel (Corporate). [FR Doc. 00-6693 Filed 3-27-00; 8:45 am]

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26 CFR 1
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Rules and Regulations

Correction of Correction to final regulations

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