[Federal Register Volume 76, Number 242 (Friday, December 16, 2011)]
[Proposed Rules]
[Pages 78182-78183]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-32316]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-102988-11]
RIN 1545-BK05


Basis Reporting by Securities Brokers and Basis Determination for 
Debt Instruments and Options; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to a notice of proposed rulemaking and notice of 
public hearing.

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SUMMARY: This document contains a correction to a notice of proposed 
rulemaking and notice of public hearing (REG-102988-11) that was 
published in the Federal Register on Friday, November 25, 2011 (76 FR 
72652) relating to reporting by brokers for transactions related to 
debt instruments and options.

FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations, 
Pamela Lew of the Office of Associate Chief Counsel (Financial 
Institutions and Products) at (202) 622-3950 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The correction notice that is the subject of this document is under 
sections 6045, 6045A and 6045B of the Internal Revenue Code.

Need for Correction

    As published, the notice of proposed rulemaking and notice of 
public hearing (REG-102988-11) contains an error that may prove to be 
misleading and is in need of clarification.

Correction of Publication

    Accordingly, the publication of a notice of proposed rulemaking and 
notice of public hearing (REG-102988-11)), which was the subject of FR 
Doc. 2011-30383, is corrected as follows:


Sec.  1.6045-1  [Corrected]

    On page 72658, column 1, Sec.  1.6045-1(d)(2)(ii), lines 6 and 7, 
the language

[[Page 78183]]

``or securities described in paragraphs (a)(14)(ii) and (a)(14)(iii) of 
this section'' is corrected to read ``or securities described in 
paragraph (a)(14)(ii) or (a)(14)(iii) of this section''.

LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2011-32316 Filed 12-15-11; 8:45 am]
BILLING CODE 4830-01-P