[Federal Register Volume 81, Number 81 (Wednesday, April 27, 2016)]
[Rules and Regulations]
[Page 24702]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-09698]



[[Page 24702]]

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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9750]
RIN 1545-BN59


Reporting of Original Issue Discount on Tax-Exempt Obligations; 
Basis and Transfer Reporting by Securities Brokers for Debt Instruments 
and Options; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Final regulations; correction.

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SUMMARY: This document contains corrections to final regulations (TD 
9750) that published in the Federal Register on Thursday, February 18, 
2016 (81 FR 8149). The final regulations relates to information 
reporting by brokers for transactions involving debt instruments and 
options, including the reporting of original issue discount (OID) on 
tax-exempt obligations, the treatment of certain holder elections for 
reporting a taxpayer's adjusted basis in a debt instrument, and 
transfer reporting for section 1256 options and debt instruments.

DATES: This correction is effective April 27, 2016 and applicable 
February 18, 2016.

FOR FURTHER INFORMATION CONTACT: Pamela Lew at (202) 317-7053 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulation (TD 9750) that is the subject of this 
correction is under section 6045 of the Internal Revenue Code.

Need for Correction

    As published, the final regulation (TD 9750) contains errors that 
may prove to be misleading and are in need of clarification.

Correction of Publication

    Accordingly, the final regulation (TD 9750), that is the subject of 
FR Doc. 2016-03429, is corrected as follows:
    1. On page 8151, in the preamble, third column, third line from the 
bottom of the first full paragraph, ``OID and acquisition discount on 
all tax-'' is corrected to read ``OID and acquisition premium on all 
tax-''.
    2. On page 8151, in the preamble, third column, third line from the 
bottom of the last full paragraph, ``discount for a tax-exempt 
obligation that'' is corrected to read ``premium for a tax-exempt 
obligation that''.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2016-09698 Filed 4-26-16; 8:45 am]
BILLING CODE 4830-01-P