Rules and Regulations. Correcting amendment
334 words·~2 min read·
/register/2016/11/16/2016-27515A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
BILLING CODE 4210-67-P DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 [TD 9787] RIN 1545-BK29 Section 707 Regarding Disguised Sales, Generally; Correction AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Correcting amendment. SUMMARY: This document contains corrections to final regulations (TD 9787) that were published in the **Federal Register** on Wednesday, October 5, 2016 (81 FR 69291). The final regulations are under sections 707 and 752 of the Internal Revenue Code. DATES: This correction is effective November 16, 2016 and is applicable on and after October 5, 2016. FOR FURTHER INFORMATION CONTACT: Deane M. Burke or Caroline E. Hay at
(202)317-5279 (not a toll-free number). SUPPLEMENTARY INFORMATION: Background The final regulations (TD 9787) that are the subject of this correction are under sections 707 and 752 of the Internal Revenue Code. Need for Correction As published, the final regulations (TD 9787) contain errors that may prove to be misleading and are 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 amendments: PART 1—INCOME TAXES **Paragraph 1.** The authority citation for part 1 continues to read in part as follows: Authority: 26 U.S.C. 7805 * * * Section 1.707-5 also issued under 26 U.S.C. 707(a)(2)(B). § 1.707-5 [Amended] **Par. 2.** For each entry in § 1.707-5(f) in the “Section” column, remove the language in the “Remove” column from wherever it appears in the Example and add in its place the language in the “Add” column as set forth below: Section Remove Add Paragraph
(f)*Example 5*
(i)2016 2017 Paragraph
(f)*Example 10*
(i)2016 2017 Paragraph
(f)*Example 10*
(ii)2016 2017 Paragraph
(f)*Example 11*
(i)2016 2017 Paragraph
(f)*Example 11*
(ii)2016 2017 Paragraph
(f)*Example 12*
(i)2016 2017 Martin V. Franks, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). [FR Doc. 2016-27515 Filed 11-15-16; 8:45 am]
Connectionstraces to 2
Traces to 2 documents
2 references not yet in our index
- 26 CFR 1
- T.D. 9787
Citation graph
cites case law
Cites 4Cited by 0 across 0 sources