[Federal Register Volume 68, Number 214 (Wednesday, November 5, 2003)]
[Rules and Regulations]
[Page 62516]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-27864]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9090]
RIN 1545-BC31


Limitation on Use of the Nonaccrual-Experience Method of 
Accounting Under Section 448(d)(5); Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to temporary regulations.

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SUMMARY: This document contains corrections to temporary regulations 
that were published in the Federal Register on September 4, 2003 (68 FR 
52496) that revises temporary income tax regulations providing guidance 
regarding the use of a nonaccrual-experience method of accounting by 
taxpayers using an accrual method of accounting and performing 
services.

DATES: This correction is effective September 4, 2003.

FOR FURTHER INFORMATION CONTACT: Terrance McWhorter (202) 622-4970 (not 
a toll free number).

SUPPLEMENTARY INFORMATION:

Background

    These temporary regulations that are the subject of these 
corrections are under section 448 of the Internal Revenue Code.

Need for Correction

    As published, this temporary regulation (TD 9090) contain errors 
that may prove to be misleading and are in need of clarification.

Correction of Publication

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Accordingly, the publication of temporary regulations (TD 9090), which 
were the subject of FR Doc. 03-22458, is corrected as follows:


Sec.  1.448-2T  [Corrected]

0
1. On page 52502, column 3, Sec.  1.448-2T(e)(6)(iv), second to last 
line of the paragraph, the language ``self-test), as applicable, of 
this section'' is corrected to read ``self test, as applicable,''.

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2. On page 52503, column 1, Sec.  1.448-2T (e)(6)(vii), in the 
paragraph heading, the language ``Recapture--(1) In general.'' is 
corrected to read ``Recapture.''

Cynthia E. Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel (Procedure and Administration).
[FR Doc. 03-27864 Filed 11-4-03; 8:45 am]
BILLING CODE 4830-01-P