[Federal Register Volume 79, Number 187 (Friday, September 26, 2014)]
[Rules and Regulations]
[Pages 57784-57785]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-22952]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 301

[TD 9687]
RIN 1545-BL08


Awards for Information Relating to Detecting Underpayments of Tax 
or Violations of the Internal Revenue Laws; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting amendments.

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SUMMARY: This document contains corrections to final regulations (TD 
9687) that were published in the Federal Register on Tuesday, August 
12, 2014 (79 FR 47246). The final

[[Page 57785]]

regulations provide comprehensive guidance for the award program 
authorized under Internal Revenue Code (Code) section 7623.

DATES: This correction is effective on September 26, 2014, and is 
applicable beginning August 12, 2014.

FOR FURTHER INFORMATION CONTACT: Melissa A. Jarboe at (202) 317-5437 
(not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulation (TD 9687) that is the subject of this 
correction is under section 7623.

Need for Correction

    As published, final regulations (TD 9687) contain errors that may 
prove to be misleading and are in need of clarification.

List of Subjects in 26 CFR Part 301

    Employment taxes, Estate taxes, Excise taxes, Gift taxes, Income 
taxes, Penalties, Reporting and recordkeeping requirements.

Correction of Publication

    Accordingly, 26 CFR part 301 is amended by making the following 
correcting amendments:

PART 301--PROCEDURE AND ADMINISTRATION

0
Paragraph 1. The authority citation for part 301 continues to read in 
part as follows:

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


0
Par. 2. Sec.  301.7623-2 is amended by revising paragraph (d)(4).


Sec.  301.7623-2  Definitions.

* * * * *
    (d) * * *
    (4) Criminal fines. Criminal fines deposited into the Crime Victims 
Fund are not collected proceeds and cannot be used for payment of 
awards.
* * * * *

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2014-22952 Filed 9-25-14; 8:45 am]
BILLING CODE 4830-01-P