[Federal Register Volume 72, Number 185 (Tuesday, September 25, 2007)]
[Rules and Regulations]
[Pages 54350-54351]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-18808]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9340]
RIN 1545-BB64


Revised Regulations Concerning Section 403(b) Tax-Sheltered 
Annuity Contracts; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final regulations.

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SUMMARY: This document contains corrections to final regulations (TD 
9340) that were published in the Federal Register on Thursday, July 26, 
2007 (72 FR 41128) providing updated guidance on section 403(b) 
contracts of public schools and tax-exempt organizations described in 
section 501(c)(3). These regulations will affect sponsors of section 
403(b) contracts, administrators, participants, and beneficiaries.

DATES: The correction is effective September 25, 2007.

FOR FURTHER INFORMATION CONTACT: Concerning the regulations, John 
Tolleris at (202) 622-6060; concerning the regulations as applied to 
church-related entities, Robert Architect at (202) 283-9634 (not toll-
free numbers).

[[Page 54351]]


SUPPLEMENTARY INFORMATION:

Background

    The final regulations that are the subject of this correction are 
under section 403(b) of the Internal Revenue Code.

Need for Correction

    As published, final regulations (TD 9340) contain errors that may 
prove to be misleading and are in need of clarification.

Correction of Publication

    Accordingly, the publication of the final regulations (TD 9340), 
which was the subject of FR Doc. 07-3649, is corrected as follows:
    1. On page 41132, column 3, in the preamble, under footnote number 
4, second line, the language ``402(g)(7)(A)(ii) by section 407(a) the 
Gulf'' is corrected to read ``402(g)(7)(A)(ii) by section 407(a) of the 
Gulf''.
    2. On page 41138, column 1, in the preamble, under the paragraph 
heading ``Employment Taxes'', eighth line of the last paragraph of the 
column, the language ``l, Q&A-15, and Sec.  35.3405(c)-1, Q&A-11'' is 
corrected to read ``1, Q&A-15, and Sec.  35.3405(c)-1, Q&A-11''.

LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. E7-18808 Filed 9-24-07; 8:45 am]
BILLING CODE 4830-01-P