[Federal Register Volume 74, Number 244 (Tuesday, December 22, 2009)]
[Rules and Regulations]
[Page 67973]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-30348]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9470]
RIN 1545-BH69


Information Reporting Requirements Under Internal Revenue Code 
Section 6039; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting amendments.

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SUMMARY: This document contains corrections to final regulations (TD 
9470) that were published in the Federal Register on Tuesday, November 
17, 2009 (74 FR 59087) relating to the return and information statement 
requirements under section 6039 of the Internal Revenue Code.

DATES: This correction is effective on December 22, 2009, and is 
applicable on November 17, 2009.

FOR FURTHER INFORMATION CONTACT: Thomas Scholz or Ilya Enkishev, (202) 
622-6030 (not a toll-free number).

SUPPLEMENTARY INFORMATION: 

Background

    The final regulations (TD 9470) that are the subject of this 
document are under section 6039 of the Internal Revenue Code.

Need for Correction

    As published, the final regulations (TD 9470) contain errors that 
may prove to be misleading and are 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 amendments:

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 1.6039-2 is amended as follows:

0
1. Revising the heading of paragraph (b).

0
2. Revising the first and second sentences of paragraph (e)(2).
    The revisions read as follows:


Sec.  1.6039-2  Statements to persons with respect to whom information 
is reported.

* * * * *
    (b) Requirement of statement with respect to stock purchased under 
an employee stock purchase plan under section 6039(b).
* * * * *
    (e) * * *
    (2) * * * Notwithstanding Sec.  1.6039-1(f), corporations must 
furnish information statements to employees in accordance with this 
section for stock transfers that are subject to Sec.  1.6039-1(a) and 
(b), and occur during the 2007, 2008 and 2009 calendar years. For 
purposes of furnishing information statements for stock transfers that 
occur during the 2007 or 2008 calendar years, taxpayers may rely on 
Sec.  1.6039-1 of the 2004 final regulations (69 FR 46401) or Sec.  
1.6039-2 of the 2008 proposed regulations (REG-103146-08) (73 FR 
40999). * * *
* * * * *

LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. E9-30348 Filed 12-21-09; 8:45 am]
BILLING CODE 4830-01-P