[Federal Register Volume 60, Number 84 (Tuesday, May 2, 1995)]
[Rules and Regulations]
[Page 21435]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-10688]



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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[T.D. 7636]


Contributions to Pension, Profit-Sharing, etc., Plans on Behalf 
of Self-Employed Individuals and Shareholders-Employees; Correction

AGENCY: Internal Revenue Service, Treasury.

ACTION: Correcting amendment.

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SUMMARY: This document contains a correction to the final regulations 
(T.D. 7636), which were published in the Federal Register Friday, 
August 10, 1979 (44 FR 47046), relating to contributions to pension, 
profit-sharing, etc., plans on behalf of self-employed individuals and 
shareholder-employees.

EFFECTIVE DATE: May 2, 1995.

FOR FURTHER INFORMATION CONTACT: Brant Goldwyn (202) 622-6090, (not a 
toll-free call).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations that are the subject of this correction 
clarify the applicability of the $100,000 limitation of section 
401(a)(17) to certain plans maintained by an aggregated employer group.

Need for Correction

    As published, T.D. 7636 contains an error which may prove to be 
misleading and is in need of clarification.

List of Subjects in 26 CFR Part 1

    Income taxes, Reporting and recordkeeping requirements.

    Accordingly, 26 CFR part 1 is corrected by making the following 
correcting amendment:

PART 1--INCOME TAX; TAXABLE YEARS BEGINNING AFTER DECEMBER 31, 1953

    Paragraph 1. The authority citation for part 1 continues to read in 
part as follows:

    Authority: 26 U.S.C. 7805 * * *


Sec. 1.401(e)-5  [Corrected]

    Par. 2. The first sentence of Sec. 1.401(e)-5 (a)(1) is amended by 
removing the ``(1)'' following the paragraph heading ``(a) General 
rules--(1) General rule.''.
Cynthia E. Grigsby,
Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 95-10688 Filed 5-1-95; 8:45 am]
BILLING CODE 4830-01-P