[Federal Register Volume 60, Number 26 (Wednesday, February 8, 1995)]
[Proposed Rules]
[Pages 7487-7488]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-3106]



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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[IA-17-94; EE-36-94]
RIN 1545-AS74


Payment by Employer of Expenses for Club Dues, Meals and 
Entertainment, and Spousal Travel; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice of proposed rulemaking.

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SUMMARY: This document contains corrections to the notice of proposed 
rulemaking, which was published in the Federal Register for Friday, 
December 16, 1994 (59 FR 64909). The proposed regulations relate to 
reimbursements and other expense allowance arrangements, working 
condition fringe benefits, expenses for club dues, spousal travel, and 
business meals and entertainment that are disallowed as a deduction to 
the employer.

FOR FURTHER INFORMATION CONTACT: Concerning regulations under sections 
62 and 132, David N. Pardys, (202) 622-6040; concerning regulations 
under section 274, John T. Sapienza, Jr., (202) 622-4920; and 
concerning the hearing, Christina Vasquez, (202) 622-7190, (not toll-
free numbers).

SUPPLEMENTARY INFORMATION:

Background

    The notice of proposed rulemaking that is the subject of these 
corrections is under section 62(c), 132(d), and 274 of the Internal 
Revenue Code.

Need for Correction

    As published, the notice of proposed rulemaking contains 
typographical errors that are in need of correction.

Correction of Publication

    Accordingly, the publication of the notice of proposed rulemaking 
which is the subject of FR Doc. 94-30877, is corrected as follows: 
[[Page 7488]] 
    1. On page 64909, in the preamble following the ACTION caption, the 
language is corrected as follows:
    ``ACTION: Notice of proposed rulemaking and notice of public 
hearing.''.
    2. On page 64909, in the preamble following the DATES caption, the 
paragraph is corrected as follows:
    ``DATES: Written comments must be received by March 24, 1995. 
Requests to appear and outlines of oral comments to be presented at the 
public hearing scheduled for April 14, 1995, at 10:00 a.m. must be 
received by March 24, 1995.''.
    3. On page 64909, in the preamble following the ADDRESSES caption, 
the paragraph is corrected as follows:
    ADDRESSES: Send submissions to: CC:DOM:CORP:T:R (IA-17-94; EE-36-
94), Room 5228, Internal Revenue Service, POB 7604, Ben Franklin 
Station, Washington, D.C. 20044. In the alternative, submissions may be 
hand delivered between the hours of 8:00 a.m. and 5:00 p.m. to: 
CC:DOM:CORP:T:R (IA-17-94; EE-36-94), Courier's Desk, Internal Revenue 
Service, 1111 Constitution Avenue, N.W., Washington, D.C. The public 
hearing scheduled for April 14, 1995, will be held in the IRS 
Auditorium, 7th floor, 1111 Constitution Avenue, N.W., Washington, 
D.C.''.
    4. On page 64909, in the preamble following the paragraph heading 
``Explanation of Provisions'', column 3, first full paragraph, line 3, 
the language ``employee to an employee may be'' is corrected to read 
``employer to an employee may be''.
    5. On page 64910, in the preamble following the paragraph heading 
``Explanation of Provisions'', column 1 , first full paragraph, line 
10, the word ``provide'' is corrected to read ``preclude''.
    6. On page 64910, in the preamble following the paragraph heading 
``Explanation of Provisions'', column 1, first full paragraph, third 
line from the bottom of the paragraph, the section ``274(M)(3)'' is 
corrected to read ``274(m)(3)''.
    7. On page 64911, column 1, Sec. 1.132-5, paragraph (s)(2), Example 
2., second line from the bottom of the paragraph, the language ``entire 
of the club membership) in gross'' is corrected to read ``entire value 
of the club membership) in gross''.
Cynthia E. Grigsby,


Chief, Regulations Unit, Assistant Chief Counsel (Corporate).

[FR Doc. 95-3106 Filed 2-7-95; 8:45 am]
BILLING CODE 4830-01-P