[Federal Register Volume 80, Number 114 (Monday, June 15, 2015)]
[Rules and Regulations]
[Page 34051]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-14622]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9719]
RIN 1545-BM62


Notional Principal Contracts; Swaps With Nonperiodic Payments; 
Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting amendment.

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SUMMARY: This document contains corrections to final regulations (TD 
9719) that were published in the Federal Register on May 8, 2015 (80 FR 
26437). The final regulations amend the treatment of nonperiodic 
payments made or received pursuant to certain notional principal 
contracts.

DATES: This correction is effective on June 15, 2015 and applicable May 
8, 2015.

FOR FURTHER INFORMATION CONTACT: Alexa T. Dubert at (202) 317-6895 (not 
a toll free number).

SUPPLEMENTARY INFORMATION: 

Background

    The final regulations (TD 9719) that are the subject of this 
correction is under section 446 of the Internal Revenue Code.

Need for Correction

    As published, the final regulations (TD 9719) contain an error that 
may prove to be misleading and is in need of clarification.

List of Subjects in 26 CFR Part 1

    Income taxes, Reporting and recordkeeping requirements.

Correction of Publication

    Accordingly, 26 CFR part 1 is corrected by making the following 
correcting amendment:

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 * * *


Sec.  1.446-3  [Corrected]

0
Par. 2. Section 1.446-3 is amended by removing paragraph (k).

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2015-14622 Filed 6-12-15; 8:45 am]
 BILLING CODE 4830-01-P