[Federal Register Volume 61, Number 153 (Wednesday, August 7, 1996)]
[Rules and Regulations]
[Page 40993]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-20125]



Internal Revenue Service

26 CFR Parts 1, 31 and 602

[TD 8664]
RIN 1545-AL99

Information Reporting and Backup Withholding; Correction

AGENCY: Internal Revenue Service, Treasury.

ACTION: Correction to final regulations.


SUMMARY: This document contains corrections to final regulations [TD 
8664] which were published in the Federal Register on Monday, April 22, 
1996 (61 FR 17572). The final regulations provide rules regarding the 
reporting on Form 1042-S of certain bank deposit interest paid with 
respect to a United States bank account to an individual who is a 
nonresident alien of the United States and a resident of Canada.

EFFECTIVE DATE: January 1, 1997.

FOR FURTHER INFORMATION CONTACT: Teresa Burridge Hughes, (202) 622-3880 
(not a toll-free number).



    The final regulations which are the subject of these corrections 
are under sections 3406 and 6049 of the Internal Revenue Code.

Need for Correction

    As published, the final regulations (TD 8664) contain errors which 
may prove to be misleading and are in need of clarification.

Correction of Publication

    Accordingly, the publication of final regulations (TD 8664), which 
are the subject of FR Doc. 96-9456 is corrected as follows:
    1. On page 17572, column 3, in the preamble following the paragraph 
heading ``Paperwork Reduction Act'', the first line of the column, the 
language ``Washington DC 20224, and the Office of'' is corrected to 
read ``Washington, DC 20224, and the Office of''.
    2. On page 17573, column 1, in the preamble following the paragraph 
heading ``B. Comments on Canadian Reporting Provisions'', the third 
paragraph, line 5, the language ``the Form 1042-S to be the 
transmittal'' is corrected to read ``the Form 1042 to be the 


    3. On page 17573, column 2, in the authority citation, line 2, the 
language ``Sections 1.6049-4 also issued under 26'' is corrected to 
read ``Section 1.6049-4 also issued under 26''.

Sec. 1.6049-6   [Corrected]

    4. On page 17574, column 1, Sec. 1.6049-6(e)(4), the fourth line 
from the bottom of the paragraph, the language ``information on the 
Form is being'' is corrected to read ``information on the form is 
Cynthia E. Grigsby,
Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 96-20125 Filed 8-6-96; 8:45 am]