[Federal Register Volume 59, Number 241 (Friday, December 16, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-30547]


[[Page Unknown]]

[Federal Register: December 16, 1994]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 8566]
RIN 1545-AN82

 

General Asset Accounts Under the Accelerated Cost Recovery 
System; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final regulations.

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SUMMARY: This document contains corrections to the final regulations 
(TD 8566) which were published in the Federal Register for Tuesday, 
October 11, 1994 (59 FR 51369). The final regulations relate to the 
election to maintain general asset accounts for depreciable assets.

EFFECTIVE DATE: October 11, 1994.

FOR FURTHER INFORMATION CONTACT: Kathleen Reed, (202) 622-3110 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations that are the subject of these corrections are 
under section 168 of the Internal Revenue Code.

Need for Correction

    As published, TD 8566 contains typographical errors which are in 
need of correction.

Correction of Publication

    Accordingly, the publication of the final regulations which is the 
subject of FR Doc. 94-24949, is corrected as follows:
    1. On page 51370, column 2, in the preamble, following the 
paragraph heading ``Assets that Generate Foreign Source Income.'', 
first paragraph, line 3, the language ``Sec. 1.8611-9T(g)(3)'' is 
corrected to read ``Sec. 1.861-9T(g)(3)''.


Sec. 1.168(i)-1  [Corrected]

    2. On page 51375, Sec. 1.168(i)-1, paragraph (f)(2)(ii), in the 
first formula on the page, column 3, lines 2 and 3 of the formula, the 
language ``cated and Apportioned to Foreign Source Income Total Allowed 
Depreciation De-'' is corrected to read ``cated and Apportioned to 
Foreign Source Income/Total Allowed Depreciation De-''.
    3. On page 51375, Sec. 1.168(i)-1, paragraph (f)(3), in the second 
formula on the page, column 2, line 1 of the formula, the word 
``Forign'' is corrected to read ``Foreign''.
    4. On page 51375, Sec. 1.168(i)-1, paragraph (f)(3), in the second 
formula on the page, column 3, line 3 of the formula, the language 
``egory Total Allowed Depreciation Deduc-'' is corrected to read 
``egory Total/Allowed Depreciation Deduc-''.
Cynthia E. Grigsby,
Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 94-30547 Filed 12-15-94; 8:45 am]
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