[Federal Register Volume 71, Number 232 (Monday, December 4, 2006)]
[Proposed Rules]
[Pages 70335-70336]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-20382]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 301

[REG-103039-05]
RIN 1545-BE26


AJCA Modifications to the Section 6111 Regulations; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice of proposed rulemaking by cross-reference 
to temporary regulations.

-----------------------------------------------------------------------

SUMMARY: This document contains a correction to notice of proposed 
rulemaking by cross-reference to temporary regulations that were 
published in the Federal Register on Thursday, November 2, 2006 (71 FR 
64496) relating to the disclosure of reportable transactions by 
material advisors.

FOR FURTHER INFORMATION CONTACT: Tara P. Volungis or Charles Wien, 202-
622-3070 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The notice of proposed rulemaking by cross-reference to temporary 
regulations (REG-103039-05) that is the subject of this correction is 
under sections 6111 and 6112 of the Internal Revenue Code.

Need for Correction

    As published, the notice of proposed rulemaking by cross-reference 
to temporary regulations (REG-103039-05) contains an error that may 
prove to be misleading and is in need of clarification.

Correction of Publication

    Accordingly, the notice of proposed rulemaking by cross-reference 
to temporary regulations (REG-103039-05) that was the subject of FR 
Doc. E6-18321 is corrected as follows:


Sec.  301.6111-3  [Corrected]

    On page 64499, column 1, Sec.  301.6111-3(b)(2)(ii)(B), first 
paragraph

[[Page 70336]]

of the column, lines 4 and 5, the language ``disclosure of the tax 
structure or tax aspects of the transaction is limited in'' is 
corrected to read ``disclosure of the tax treatment or tax structure of 
the transaction is limited in''.

La Nita VanDyke,
Branch Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel, (Procedure and Administration).
 [FR Doc. E6-20382 Filed 12-1-06; 8:45 am]
BILLING CODE 4830-01-P