[Federal Register Volume 76, Number 4 (Thursday, January 6, 2011)]
[Rules and Regulations]
[Page 709]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-33354]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Parts 40 and 301

[TD 9507]
RIN 1545-BJ13


Electronic Funds Transfer of Depository Taxes; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting amendment.

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SUMMARY: This document contains corrections to final regulations (TD 
9507) that were published in the Federal Register on Tuesday, December 
7, 2010 (75 FR 75897) providing guidance relating to Federal tax 
deposits (FTDs) by Electronic Funds Transfer (EFT). The temporary and 
final regulations provide rules under which depositors must use EFT for 
all FTDs and eliminate the rules regarding FTD coupons.

DATES: This correction is effective on January 6, 2011 and is 
applicable in taxable years ending on or after December 31, 2010.

FOR FURTHER INFORMATION CONTACT: Michael E. Hara, (202) 622-4910 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION: 

Background

    The final regulations that are the subject of this document is 
under section 6302 of the Internal Revenue Code.

Need for Correction

    As published, the final regulations (TD 9507) contain errors that 
may prove to be misleading and are in need of clarification.

List of Subjects

26 CFR Part 40

    Excise taxes, Reporting and recordkeeping requirements.

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 parts 40 and 301 are corrected by making the 
following correcting amendments:

PART 40--EXCISE TAX PROCEDURAL REGULATIONS

0
Paragraph 1. The authority citation for part 40 continues to read in 
part as follows:

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

Sec.  40.6302(c)-3  [Amended]

0
Par. 2. Section 40.6302(c)-3, paragraph (c) is amended by removing the 
language in the third sentence `` ``legal holiday'' '' and adding in 
its place ``legal holiday.''

PART 301--PROCEDURE AND ADMINISTRATION

0
Par. 3. The authority citation for part 301 continues to read in part 
as follows:

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


0
Par. 4. Part 301 is amended by revising the authority paragraph to read 
as follows:

PART 301--PROCEDURE AND ADMINISTRATION

0
Par. 21. The authority citation for part 301 continues to read in part 
as follows:

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

Guy Traynor,
Federal Register Liaison, Publications and Regulations Branch, Legal 
Processing Division, Associate Chief Counsel, Procedure and 
Administration.
[FR Doc. 2010-33354 Filed 1-5-11; 8:45 am]
BILLING CODE 4830-01-P