Rules and Regulations. Correction to final regulations

Agency: Internal Revenue Service (IRS), Treasury
Action: Correction to final regulations
Citation: FR Doc. 03-26802 · RIN 1545-AY76 · TD 9078 · 26 CFR 1

Summary

This document contains a correction to final regulations that were published in the Federal Register on July 17, 2003 (68 FR 42251) relating to a qualified subchapter S trust election for testamentary trust. EFFECTIVE DATE: This correction is effective July 17, 2003.

Supplementary Information

Background The final regulations that are the subject of this correction are under section 1361 of the Internal Revenue Code. Need for Correction As published, the final regulations (TD 9078), contain an error that may prove to be misleading and is in need of clarification. Correction of Publication Accordingly, the publication of the final regulations (TD 9078), which were the subject of FR Doc. 03-18040, is corrected as follows: On page 42251, column 3, in the preamble under the paragraph heading “Summary of Comments and Explanation of Provisions” , third paragraph, line 6, the language “revocable trust (QRT) for which an” is corrected to read “revocable trust for which an”. Cynthia E. Grigsby, Acting Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). [FR Doc. 03-26802 Filed 10-22-03; 8:45 am]