[Federal Register Volume 72, Number 158 (Thursday, August 16, 2007)]
[Rules and Regulations]
[Page 45890]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-16073]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9335]
RIN 1545-BG19


Disclosure Requirements With Respect to Prohibited Tax Shelter 
Transactions; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting amendment.

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SUMMARY: This document contains correction to temporary regulations (TD 
9335) that were published in the Federal Register on Friday, July 6, 
2007 (72 FR 36869) under section 6033(a)(2) of the Internal Revenue 
Code that provide rules regarding the form, manner and timing of 
disclosure obligations with respect to prohibited tax shelter 
transactions to which tax-exempt entities are parties.

DATES: The correction is effective August 16, 2007.

FOR FURTHER INFORMATION CONTACT: Galina Kolomietz, (202) 622-6070, or 
Michael Blumenfeld, (202) 622-1124 (not toll-free numbers). For 
questions specifically relating to qualified pension plans, individual 
retirement accounts, and similar tax-favored savings arrangements, 
contact Dana Barry, (202) 622-6060 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The temporary regulations that are the subject of this correction 
are under section 6033 of the Internal Revenue Code.

Need for Correction

    As published, temporary regulations (TD 9335) contain an error that 
may prove to be misleading and is in need of clarification.

List of Subject 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 * * *


0
Par. 2. Section 1.6033-5T is amended by revising paragraph (e)(1)(i) to 
read as follows:


Sec.  1.6033-5T  Disclosure by tax-exempt entities that are parties to 
certain reportable transactions (temporary).

* * * * *
    (e) * * *
    (1) * * *
    (i) In general. The disclosure required by this section shall be 
filed on or before May 15 of the calendar year following the close of 
the calendar year during which the tax-exempt entity entered into the 
prohibited tax shelter transaction.
* * * * *

LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. E7-16073 Filed 8-15-07; 8:45 am]
BILLING CODE 4830-01-P