[Federal Register Volume 71, Number 70 (Wednesday, April 12, 2006)]
[Rules and Regulations]
[Page 18623]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 06-3473]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9191]
RIN 1545-BD16


Time and Manner of Making Section 163(d)(4)(B) Election To Treat 
Qualified Dividend Income as Investment Income; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Removal of temporary regulations.

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SUMMARY: This document contains a correction to a temporary regulation 
(TD 9191) that was published in the Federal Register on Friday, March 
18, 2005 (70 FR 13100), relating to the time and manner of making 
section 163(d)94)(B) election to treat qualified dividend income as 
investment income.

DATES: This correction is effective March 18, 2005.

FOR FURTHER INFORMATION CONTACT: Amy Pfalzgraf, (202) 622-4950 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulation (TD 9191) that is the subject of this 
correction is under section 163 of the Internal Revenue Code.

Need for Correction

    As published, TD 9191, 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 as 
follows:


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

Sec.  1.163(d)-1T  [Removed]

    Section 1.163(d)-1T is removed.

Guy R. Traynor,
Chief, Publications & Regulations Branch, Legal Processing Division, 
Associate Chief Counsel, (Procedures & Administration).
[FR Doc. 06-3473 Filed 4-11-06; 8:45 am]
BILLING CODE 4830-01-P