[Federal Register Volume 62, Number 49 (Thursday, March 13, 1997)]
[Rules and Regulations]
[Page 11769]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-6390]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 301

[TD 8697]
RIN 1545-AT91


Simplification of Entity Classification Rules; Correction

AGENCY: Internal Revenue Service, Treasury.

ACTION: Correction to the final regulations.

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SUMMARY: This document contains corrections to the final regulations 
(TD 8697) which were published in the Federal Register on Wednesday, 
December 18, 1996 (61 FR 66584). The final regulations relate to the 
classification of business organizations.

EFFECTIVE DATE: January 1, 1997.

FOR FURTHER INFORMATION CONTACT: Mark D. Harris, (202) 622-3050 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations that are subject to these corrections are 
under section 7701 of the Internal Revenue Code.

Need for Correction

    As published, the final regulations (TD 8697) contain errors which 
may prove to be misleading and are in need of clarification.

Correction of Publication

    Accordingly, the publication of the final regulations (TD 8697) 
which are the subject of FR Doc. 96-31997 is corrected as follows:


Sec. 301.7701-3  [Corrected]

    1. On page 66592, column 1, Sec. 301.7701-3, paragraph (c)(1)(vi), 
Example 1, line 11 from the bottom of the paragraph, the language ``by 
September 13, 1998. See paragraph'' is corrected to read ``by September 
14, 1998. See paragraph''.
    2. On page 66592, column 1, Sec. 301.7701-3, paragraph (c)(1)(vi), 
Example 1, line 7 from the bottom of the paragraph, the language ``Form 
8832 after September 13, 1998, it will'' is corrected to read ``Form 
8832 after September 14, 1998, it will''.
Cynthia E. Grigsby,
Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 97-6390 Filed 3-12-97; 8:45 am]
BILLING CODE 4830-01-U