[Federal Register Volume 73, Number 197 (Thursday, October 9, 2008)]
[Rules and Regulations]
[Page 59501]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-23917]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 8073]


Income, Excise, and Estate and Gift Taxes; Effective Dates and 
Other Issues Arising Under the Employee Benefit Provisions of the Tax 
Reform Act of 1984; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting amendment.

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SUMMARY: This document contains a correction to temporary regulations 
(TD 8073) that were published in the Federal Register on Tuesday, 
February 4, 1986 (51 FR 4312) relating to effective dates and certain 
other issues arising under sections 91, 223, and 511-561 of the Tax 
Reform Act of 1984. This action is necessary because of changes to the 
applicable tax law made by the Tax Reform Act of 1984. The temporary 
regulations will affect qualified employee benefit plans, welfare 
benefit funds and employees receiving benefits through such plans.

DATES: This correction is effective October 9, 2008, and is applicable 
after December 31, 1985.

FOR FURTHER INFORMATION CONTACT: Melissa A. D'Ambrose, (202) 622-6080 
(not a toll-free number).

SUPPLEMENTARY INFORMATION: 

Background

    The temporary regulations that are the subject of this document are 
under sections 72, 79, 125, 133, 402, 404, 419, 461, 463, 505, 512, and 
1042 of the Internal Revenue Code.

Need for Correction

    As published, temporary regulations (TD 8073) contain an error that 
may prove to be misleading and is in need of clarification.

List of Subjects 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 1.512(a)-5T A-3: (b) is amended by revising the second 
sentence to read as follows:


Sec.  1.512(a)-5T  Questions and answers relating to the unrelated 
business taxable income of organizations described in paragraphs (9), 
(17) or (20) of section 501(c) (temporary).

* * * * *
    A-3: * * *
    (b) * * * For purposes of section 512(a)(3)(B), member 
contributions include both employee contributions and employer 
contributions to the VEBA, SUB, or GLSO.
* * * * *

LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. E8-23917 Filed 10-8-08; 8:45 am]
BILLING CODE 4830-01-P