[Federal Register Volume 79, Number 62 (Tuesday, April 1, 2014)]
[Rules and Regulations]
[Page 18161]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-07162]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Parts 1 and 602

[TD 9644]
RIN 1545-BK44


Net Investment Income Tax; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Final regulations; correction

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SUMMARY: This document contains corrections to final regulations (TD 
9644) that were published in the Federal Register on Monday, December 
2, 2013 (78 FR 72394). The final regulations provide guidance on the 
general application of the Net Investment Income Tax and the 
computation of Net Investment Income.

DATES: This correction is effective April 1, 2014 and applicable 
December 2, 2013.

FOR FURTHER INFORMATION CONTACT: Adrienne M. Mikolashek, at (202) 317-
6852 (not a toll free number).

SUPPLEMENTARY INFORMATION: 

Background

    The final regulations (TD 9644) that are the subject of this 
correction is under section 1411 of the Internal Revenue Code.

Need for Correction

    As published, the final regulations (TD 9644) contain errors that 
may prove to be misleading and are in need of clarification.

Correction of Publication

    Accordingly, the final regulations (TD 9644), that are the subject 
of FR Doc. 2013-28410, are corrected as follows:
    1. On page 72399, first column, in the preamble, ninth line of the 
first full paragraph, the language ``provides that the section 1411 is 
applied'' is corrected to read ``provides that section 1411 is 
applied''.
    2. On page 72405, second column, in the preamble, twelfth line from 
the top of the page, the language ``1411(c)(1)(A)(i). See part 5.b.ii.a 
of this'' is corrected to read ``1411(c)(1)(A)(i). See part 5.b.ii.a. 
of this''.
    3. On page 72405, second column, in the preamble, fifteenth line 
from the top of the page, the language ``purpose of section 1411'' is 
corrected to read ``purposes of section 1411''.
    4. On page 72406, first column, in the preamble, sixteenth line 
from the top of the page, the language ``1411(c)(1)(a)(iii)'' is 
corrected to read ``1411(c)(1)(A)(iii)''.
    5. On page 72406, third column, in the preamble, fourth line from 
the bottom of the page, the language ``Described in Section 
1411(C)(1)(b)'' is corrected to read ``Described in Section 
1411(c)(1)(B)''.
    6. On page 72407, first column, in the preamble, fifteenth line 
from the bottom of the page, the language ``trades or business, rents, 
and royalties,'' is corrected to read ``trades or businesses, rents, 
and royalties,''.
    7. On page 72409, first column, in the preamble, twelfth line of 
the first full paragraph, the language ``reasonable methods may lead 
to'' is corrected to read ``reasonable methods may lead''.
    8. On page 72411, second column, in the preamble, twentieth line of 
the first full paragraph, the language ``considered passive activity. 
However,'' is corrected to read ``considered a passive activity. 
However,''.
    9. On page 72412, second column, in the preamble, seventh and the 
eighth lines of the first full paragraph, the language ``participates 
in rental real estate activities for more than 500 hours per'' is 
corrected to read ``participates in a rental real estate activity for 
more than 500 hours per''.
    10. On page 72412, second column, in the preamble, thirteenth and 
fourteenth lines of the second full paragraph, the language ``taxpayer 
has participated in rental real estate activities for more than 500 
hours'' is corrected to read ``taxpayer has participated in a rental 
real estate activity for more than 500 hours''.
    11. On page 72415, first column, in the preamble, ninth line from 
the top of the page, the language ``469(e)(1)(A)) by Sec.  1.469-
2T(f)(10). In the'' is corrected to read ``469(e)(1)(A)) by Sec.  
1.469-2(f)(10). In the''.
    12. On page 72415, first column, in the preamble, eighteenth line 
from the bottom of the page, the language ``covered by Sec.  1.469-
2T(f)(10) and'' is corrected to read ``covered by Sec.  1.469-2(f)(10) 
and''.
    13. On page 72420, second column, in the preamble, third line of 
the first full paragraph, the language ``election under Sec.  1.1411-
10(g) election'' is corrected to read ``election under Sec.  1.1411-
10(g)''.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 2014-07162 Filed 3-31-14; 8:45 am]
BILLING CODE 4830-01-P