[Federal Register Volume 62, Number 31 (Friday, February 14, 1997)]
[Rules and Regulations]
[Page 6874]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-3654]


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DEPARTMENT OF THE TREASURY
26 CFR Parts 1 and 602

[TD 8690]
RIN 1545-AS95


Deductibility, Substantiation, and Disclosure of Certain 
Charitable Contributions; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final regulations.

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SUMMARY: This document contains corrections to final regulations[TD 
8690] which were published in the Federal Register for Monday, December 
16, 1996 (61 FR 65946). The final regulations provide guidance 
regarding the allowance of certain charitable contribution deductions, 
the substantiation requirements for charitable contributions of $250 or 
more, and the disclosure requirements for quid pro quo contributing in 
excess of $75.

EFFECTIVE DATE: December 16, 1996.

FOR FURTHER INFORMATION CONTACT: Jefferson K. Fox of the Office of 
Assistant Chief Counsel (Income Tax and Accounting) (202) 622-4930 (not 
a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations that are the subject of these corrections are 
under section 170 of the Internal Revenue Code.

Need for Correction

    As published final regulations [TD 8690] contain errors that are 
misleading and in need of clarification.

Correction of Publication

    Accordingly, the publication of final regulations [TD 8690] which 
are the subject of FR Doc. 96-31719 is corrected as follows:
    1. On page 65946, column three, in the heading the RIN ``1545-
AS94'' is corrected to read ``1545-AS95''.
    2. On page 65946, column three, in the preamble following the 
paragraph heading ``Paperwork Reduction Act'', third paragraph, line 5, 
the language ``average of six minutes.'' is corrected to read ``average 
of six minutes. The estimated annual burden per respondent is two and a 
half hours.''.
    3. On page 65946, column three, in the preamble following the 
paragraph heading ``Paperwork Reduction Act'', fourth paragraph, line 
5, the language ``Reports Clearance Officer, PC:FP,'' is corrected to 
read ``Reports Clearance Officer, T:FP,''.
Cynthia E. Grigsby,
Chief, Regulations Unit Assistant Chief Counsel (Corporate).
[FR Doc. 97-3654 Filed 2-13-97; 8:45 am]
BILLING CODE 4830-01-U