[Federal Register Volume 62, Number 172 (Friday, September 5, 1997)] [Rules and Regulations] [Page 46877] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 97-23646] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 [TD 8656] RIN 1545-AS24 Section 6662--Imposition of the Accuracy-Related Penalty; Correction AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Correcting amendment. ----------------------------------------------------------------------- SUMMARY: This document contains a correction to final regulations (TD 8656) in the Code of Federal Regulations, which were published in the Federal Register on Friday, February 9, 1996 (61 FR 4876). The final regulations provide guidance on the imposition of the accuracy related penalty. EFFECTIVE DATE: February 9, 1996. FOR FURTHER INFORMATION CONTACT: Lisa G. Sams (202) 622-3880 (not a toll-free number). SUPPLEMENTARY INFORMATION: Background The final regulations that are the subject of these corrections are under section 6662 of the Internal Revenue Code. Need for Correction As published, TD 8656 contains an error that may prove to be misleading and is in need of clarification. List of Subjects in 26 CFR Part 1 Income taxes, Reporting and recordkeeping requirements. Accordingly, 26 CFR part 1 is corrected by making the following correcting amendment: PART 1--INCOME TAXES Paragraph 1. The authority citation for part 1 continues to read in part as follows: Authority: 26 U.S.C. 7805 * * * Sec. 1.6662-6 [Corrected] Par. 2. In Sec. 1.6662-6, paragraph (d)(2)(ii)(E) is amended by removing the language ``Sec. 1.482-1(e)(2)(ii)(B)'' from the last sentence and adding the language ``Sec. 1.482-1(e)(2)(iii)(B)'' in its place. Cynthia E. Grigsby, Chief, Regulations Unit, Assistant Chief Counsel (Corporate). [FR Doc. 97-23646 Filed 9-4-97; 8:45 am] BILLING CODE 4830-01-U