[Federal Register Volume 73, Number 66 (Friday, April 4, 2008)]
[Rules and Regulations]
[Pages 18442-18443]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-6734]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 301

[TD 8697]
RIN 1545-AT91


Simplification of Entity Classification Rules; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting amendment.

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SUMMARY: This document contains a correction to final regulations (TD 
8697), that were published in the Federal Register on Wednesday, 
December 18, 1996 (61 FR 66584). The final regulations classify certain 
business organizations under an elective regime.

DATES: This correction is effective on April 4, 2008 and is applicable 
on January 1, 1997.

FOR FURTHER INFORMATION CONTACT: Stephen J. Hawes, (202) 622-3860 (not 
a toll-free number).

SUPPLEMENTARY INFORMATION: 

Background

    The final regulations (TD 8697) that is the subject of this 
correction is under section 7701 of the Internal Revenue Code.

Need for Correction

    As published, TD 8697 contains an error that may prove to be 
misleading and is in need of clarification.

List of Subjects 26 CFR Part 301

    Employment taxes, Estate taxes, Excise taxes, Gift taxes, Income 
taxes, Penalties, Reporting and recordkeeping requirements.

Correction of Publication

0
Accordingly, 26 CFR part 301 is corrected by making the following 
correcting amendment:

PART 301--PROCEDURE AND ADMINISTATION

0
Paragraph 1. The authority citation for part 301 continues to read in 
part as follows:

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


0
Par. 2. Section 301.7701-2(b)(8)(i) is amended by revising the entry 
for ``Romania, Societe pe Actiuni'' to read as follows:


Sec.  301.7701-2  Business entities; definitions.

* * * * *

[[Page 18443]]

    (b) * * *
    (8) * * *
    (i) * * *
    Romania, Societate pe Actiuni
* * * * *

Cynthia E. Grigsby,
Senior Federal Register Liaison Officer, Publications and Regulations 
Branch, Legal Processing Division, Associate Chief Counsel, (Procedure 
and Administration).
 [FR Doc. E8-6734 Filed 4-3-08; 8:45 am]
BILLING CODE 4830-01-P