[Federal Register Volume 72, Number 186 (Wednesday, September 26, 2007)]
[Proposed Rules]
[Pages 54614-54615]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-18989]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-148393-06]
RIN 1545-BG12


Medical and Accident Insurance Benefits Under Qualified Plans; 
Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice of proposed rulemaking.

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SUMMARY: This document contains corrections to notice of proposed 
rulemaking that was published in the Federal Register on Monday, August 
20, 2007 (72 FR 46421), regarding the tax treatment of payments by 
qualified plans for medical or accident insurance.

FOR FURTHER INFORMATION CONTACT: Pamela Kinard at (202) 622-6060.

SUPPLEMENTARY INFORMATION: 

Background

    The notice of proposed rulemaking (REG-148393-06) that is the 
subject of these corrections is under section 402(a) of the Internal 
Revenue Code.

Need for Correction

    As published, the notice of proposed rulemaking (REG-148393-06) 
contains

[[Page 54615]]

errors that may prove to be misleading and are in need of 
clarification.

Correction of Publication

    Accordingly, the notice of proposed rulemaking (REG-148393-06) that 
was the subject of FR. Doc. E7-16084 is corrected as follows:
    1. On page 46423, column 3, in the preamble, under the paragraph 
heading ``Explanation of Provisions'', paragraph 2, lines 11 and 12, 
the language ``to provide medical benefits in section 401(h) under a 
qualified plan or annuity'' is corrected to read ``to provide medical 
benefits in a section 401(h) account under a qualified plan or 
annuity''.
    2. On page 46424, column 1, in the preamble, under the paragraph 
heading ``Explanation of Provisions'', paragraph 3, line 22, the 
language ``Public Lic 108-311'' is corrected to read ``Public Law 108-
311''.


Sec.  1.402(a)-1  [Corrected]

    3. On page 46425, column 2, Sec.  1.402(a)-1, lines 1 and 2, the 
language ``(a) * * * (1) * * * (i) * * *'' is corrected to read ``(a) * 
* * (1)(i) * * *''
    4. On page 46425, column 2, Sec.  1.402(a)-1(a)(1)(ii), lines 3 and 
4, the language ``qualified pension, annuity, profit sharing, or stock 
bonus plan to provide'' is corrected to read ``qualified pension, 
annuity, profit-sharing, or stock bonus plan to provide.''
    5. On page 46425, column 2, Sec.  1.402(a)-1(e), line 3, the 
language ``profit sharing, or stock bonus plan--(1)'' is corrected to 
read ``profit-sharing, or stock bonus plan--(1)''.
    6. On page 46426, column 1, Sec.  1.402(a)-1(e)(6), paragraph (ii) 
of Example., line 3, the language ``the $1,000 constitutes a 
distribution under'' is corrected to read ``$1,000 constitutes a 
distribution under''.

La Nita Van Dyke,
Branch Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel (Procedure and Administration).
 [FR Doc. E7-18989 Filed 9-25-07; 8:45 am]
BILLING CODE 4830-01-P