[Federal Register Volume 60, Number 111 (Friday, June 9, 1995)]
[Proposed Rules]
[Pages 30487-30488]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-14136]



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DEPARTMENT OF THE TREASURY
26 CFR Part 301

[Notice 95-14]


Simplification of Entity Classification Rules; Correction

AGENCY: Internal Revenue Service, Treasury.

ACTION: Correction to notice of public hearing on regulations.

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SUMMARY: This document contains a correction to the notice of public 
hearing (Notice 95-14), which was published in the Federal Register on 
Wednesday, May 10, 1995, (60 FR 24813) on simplifying the 
classification regulations to allow taxpayers to treat domestic 
unincorporated business organizations as partnerships or as 
associations on an elective basis.

FOR FURTHER INFORMATION CONTACT: Armando Gomez at (202) 622-3050, (not 
a toll-free call).

SUPPLEMENTARY INFORMATION:

Background

    The regulations that are the subject of this correction pertain to 
section 7701(a)(2) of the Internal Revenue Code.

Need for Correction

    As published, the Notice 95-14 contains an error which may prove to 
be misleading and is in need of clarification.

Correction of Publication

    Accordingly, the publication of Notice 95-14, which is the subject 
of FR Doc. 95-11414, is corrected as follows:
    On page 24813, column 2, under the caption ``SUMMARY:'', last line, 
the language ``elective basis.'' is corrected to read ``elective basis. 
The Service and Treasury also are considering adopting 
[[Page 30488]] similar rules for foreign business organizations.''.
Cynthia E. Grigsby,
Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 95-14136 Filed 6-8-95; 8:45 am]
BILLING CODE 4830-01-P-M