[Federal Register Volume 81, Number 185 (Friday, September 23, 2016)]
[Rules and Regulations]
[Pages 65541-65542]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-22950]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9774]
RIN 1545-BM04


Method of Accounting for Gains and Losses on Shares in Money 
Market Funds; Broker Returns With Respect to Sales of Shares in Money 
Market Funds; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Final regulations; correction.

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SUMMARY: This document contains a correction to final regulations (TD 
9774) that were published in the Federal Register on July 8, 2016 (81 
FR 44508). The final regulations provide a simplified method of 
accounting for gains and losses on shares in money market funds (MMFs). 
The final regulations also provide guidance regarding information 
reporting requirements for shares in MMFs.

DATES: This correction is effective on September 23, 2016 and 
applicable on July 8, 2016.

FOR FURTHER INFORMATION CONTACT: Grace Cho at (202) 317-6895 (not a 
toll free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations (TD 9774) that are the subject of this 
correction are under sections 446, and 6045 of the Internal Revenue 
Code.

Need for Correction

    As published, the final regulations (TD 9774) contains an error 
that may prove to be misleading and is in need of clarification.

[[Page 65542]]

Correction of Publication

    Accordingly, the final regulations (TD 9774), that are the subject 
of FR Doc. 2016-16149, is corrected as follows:
    1. On page 44512, in the preamble, the first column, under the 
heading ``7. Accounting Method Changes'', the ninth line of the second 
full paragraph, the language ``Proc. 2016-39 (2016-30 IRB), which'' is 
corrected to read ``Proc. 2016-39 (2016-30 IRB 164), which''.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2016-22950 Filed 9-22-16; 8:45 am]
BILLING CODE 4830-01-P