[Federal Register Volume 61, Number 200 (Tuesday, October 15, 1996)]
[Proposed Rules]
[Page 53688]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-26356]


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DEPARTMENT OF THE TREASURY
26 CFR Part 1

[FI-59-94]
RIN 1545-AU06


Modifications of Bad Debts and Dealer Assignments of National 
Principal Contracts; Correction

AGENCY: Internal Revenue Service, Treasury.

ACTION: Correction to the notice of proposed rulemaking by cross-
reference to temporary regulations.

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SUMMARY: This document contains a correction to the notice of proposed 
rulemaking by cross-reference to temporary regulations (FI-59-94) which 
was published in the Federal Register on Tuesday, June 25, 1996 (61 FR 
32728). The notice of proposed rulemaking by cross-reference to 
temporary regulations relates to the allowance of a deduction for a 
partially worthless debt when the terms of a debt instrument have been 
modified.

FOR FURTHER INFORMATION CONTACT: Craig R. Wojay, (202) 622-3920 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The notice of proposed rulemaking by cross-reference to temporary 
regulations that is subject to this correction is under sections 166 
and 1001 of the Internal Revenue Code.

Need for Correction

    As published, the notice of proposed rulemaking by cross-reference 
to temporary regulations (FI-59-94) contains an error which may prove 
to be misleading and is in need of clarification.

Correction of Publication

    Accordingly, the publication of the notice of proposed rulemaking 
by cross-reference to temporary regulations (FI-59-94) which is the 
subject of FR Doc. 96-15831 is corrected as follows:
    On page 32728, column 2, in the heading, the RIN ``RIN 1545-AT08'' 
is corrected to read ``RIN 1545-AU06''.
Cynthia E. Grigsby,
Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 96-26356 Filed 10-11-96; 8:45 am]
BILLING CODE 4830-01-U