[Federal Register Volume 73, Number 140 (Monday, July 21, 2008)]
[Proposed Rules]
[Page 42294]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-16176]



[[Page 42294]]

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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Parts 1, 20, 25, 26, 31, 40, 41, 44, 53, 54, 55, 56, 156, 
157, and 301

[REG-129243-07]
RIN 1545-BG83


Tax Return Preparer Penalties Under Sections 6694 and 6695; 
Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice of proposed rulemaking.

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SUMMARY: This document contains corrections to a notice of proposed 
rulemaking (REG-129243-07) that was published in the Federal Register 
on Tuesday, June 17, 2008 (73 FR 34560) implementing amendments to the 
tax return preparer penalties under sections 6694 and 6695 of the 
Internal Revenue Code and related provisions under sections 6060, 6107, 
6109, 6696 and 7701(a)(36) reflecting amendments to the Code made by 
section 8246 of the Small Business and Work Opportunity Tax Act of 
2007. The proposed regulations affect tax return preparers and provide 
guidance regarding the amended provisions.

FOR FURTHER INFORMATION CONTACT: Michael E. Hara, (202) 622-4910 and 
Matthew S. Cooper, (202) 622-4940 (not toll-free numbers).

SUPPLEMENTARY INFORMATION: 

Background

    The correction notice that is the subject of this document is under 
sections 6107, 6694, 6696, and 7701 of the Internal Revenue Code.

Need for Correction

    As published, the notice of proposed rulemaking (REG-129243-07) 
contains errors that may prove to be misleading and are in need of 
clarification.

Correction of Publication

    Accordingly, the publication of the notice of proposed rulemaking 
(REG-129243-07), which was the subject of FR Doc. E8-12898, is 
corrected as follows:
    1. On page 34563, column 2, in the preamble, under the paragraph 
heading ``Furnishing of Copy of the Tax Return'', first paragraph of 
the column, line 2, the language ``Single Filers and Joint Filers With 
No'' is corrected to read ``Single and Joint Filers With No''.
    2. On page 34567, column 1, in the preamble, under the paragraph 
heading ``Definition of Tax Return Preparer'', first paragraph of the 
column, line 3, the language ``under proposed Sec.  301.7701-15(b)(2) 
and'' is corrected to read ``under proposed Sec. Sec.  301.7701-
15(b)(2) and''.


Sec.  1.6694-1  [Corrected]

    3. On page 34572, column 1, Sec.  1.6694-1(e)(2), line 6, the 
language ``would be sustained on its merits and'' is corrected to read 
``be sustained on its merits and''.


Sec.  26.6694-1  [Corrected]

    4. On page 34583, column 3, Sec.  26.6694-1(a), line 5, the 
language ``see Sec.  1.66994-1 of this chapter.'' is corrected to read 
``see Sec.  1.6694-1 of this chapter.''.


Sec.  41.6107-1  [Corrected]

    5. On page 34586, column 3, Sec.  41.6107-1(a), line 3, the 
language ``or claim for refund of excise tax section'' is corrected to 
read ``or claim for refund of excise tax under section''.


Sec.  156.6107-1  [Corrected]

    6. On page 34593, column 1, Sec.  156.6107-1(a), line 3, the 
language ``or claim for refund of tax under Section'' is corrected to 
read ``or claim for refund of tax under section''.

LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel, (Procedure and Administration).
[FR Doc. E8-16176 Filed 7-18-08; 8:45 am]
BILLING CODE 4830-01-P