[Federal Register Volume 70, Number 120 (Thursday, June 23, 2005)]
[Rules and Regulations]
[Pages 36345-36346]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-12384]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9206]
RIN 1545-BE12


Information Returns by Donees Relating to Qualified Intellectual 
Property Contributions; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting amendment.

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SUMMARY: This document contains a correction to temporary regulations 
(TD 9206) that was published in the Federal Register on Monday, May 23, 
2005 (70 FR 29450) providing guidance for the filing of information 
returns by donees relating to qualified intellectual property 
contributions.

DATES: This correction is effective May 23, 2005.

FOR FURTHER INFORMATION CONTACT: Donnell M. Rini-Swyers, (202) 622-4910 
(not a toll-free number).

SUPPLEMENTARY INFORMATION: 

Background

    The final regulation (TD 9206) that is the subject of this 
correction is under section 6050 of the Internal Revenue Code.

Need for Correction

    As published, TD 9206, 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.

Correction of Publication

0
Accordingly, 26 CFR Part 1 is corrected by making the following 
correcting amendment:

PART 1--INCOME TAXES

0
Paragraph 1. The authority citation for part 1 continues to read in 
part as follows:

    Authority: 26 U.S.C. 7805 * * *


Sec.  1.6050L-2T  [Corrected]

0
Section 1.6050L-2T(c)(3) is amended by removing the language ``the 90th 
day

[[Page 36346]]

following May 23, 2005.'' and adding the language ``August 22, 2005.'' 
in its place.

Cynthia Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 05-12384 Filed 6-22-05; 8:45 am]
BILLING CODE 4830-01-P