[Federal Register Volume 81, Number 128 (Tuesday, July 5, 2016)]
[Rules and Regulations]
[Page 43488]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-15739]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 301

[TD 9766]
RIN 1545-BM87


Self-Employment Tax Treatment of Partners in a Partnership That 
Owns a Disregarded Entity; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Final and temporary regulations; correcting amendment.

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SUMMARY: This document contains a correction to final and temporary 
regulations (TD 9766) that were published in the Federal Register on 
May 4, 2016 (81 FR 26693). The final and temporary regulations clarify 
the employment tax treatment of partners in a partnership that owns a 
disregarded entity.

DATES: This correction is effective on July 5, 2016 and applicable on 
May 4, 2016.

FOR FURTHER INFORMATION CONTACT: Andrew Holubeck at (202) 317-4774 (not 
a toll free number).

SUPPLEMENTARY INFORMATION: 

Background

    The final and temporary regulations (TD 9766) that are the subject 
of this correction are under section 7701 of the Internal Revenue Code.

Need for Correction

    As published, the final and temporary regulations (TD 9766) 
contains an error that may prove to be misleading and is 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 corrected by making the following 
correcting amendment:

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. Section 301.7701-2T is amended by revising paragraph (e)(8)(ii) 
to read as follows:


Sec.  301.7701-2T  Business entities; definitions (temporary).

* * * * *
    (e) * * *
    (8) * * *
    (ii) Expiration date. The applicability of paragraph 
(c)(2)(iv)(C)(2) of this section expires on or before May 3, 2019, or 
such earlier date as may be determined under amendments to the 
regulations issued after May 3, 2016.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2016-15739 Filed 7-1-16; 8:45 am]
 BILLING CODE 4830-01-P