[Federal Register Volume 81, Number 186 (Monday, September 26, 2016)]
[Proposed Rules]
[Pages 65983-65984]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-22938]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Parts 1 and 301

[REG-131418-14]
RIN 1545-BN27


Reporting for Qualified Tuition and Related Expenses; Education 
Tax Credits; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to a notice of proposed rulemaking and notice of 
public hearing.

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SUMMARY: This document contains corrections to a notice of proposed 
rulemaking and notice of public hearing (REG-131418-14) that was 
published in the Federal Register on Tuesday, August 2, 2016 (81 FR 
50657). The proposed regulations that revise the rules for reporting 
qualified tuition and related expenses under section 6050S on a Form 
1098-T, ``Tuition Statement,'' and conforms the regulations to the 
changes made to section 6050S by the Protecting Americans from Tax 
Hikes Act of 2015.

DATES: Written or electronic comments and request for a public hearing 
for the notice of proposed rulemaking at 81 FR 50657, August 2, 2016, 
are still being accepted and must be received by October 31, 2016.

FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations, 
Gerald Semasek of the Office of Associate Chief Counsel (Procedure and 
Administration) for the proposed regulations under sections 6050S and 
6724, (202) 317-6845, and Sheldon Iskow of the Office of Associate 
Chief Counsel (Income Tax and Accounting) for the proposed regulations 
under section 25A, (202) 317-4718; concerning the submission of 
comments and requests for a public hearing, Regina Johnson, (202) 317-
6901 (not toll-free calls).

SUPPLEMENTARY INFORMATION: 

Background

    The notice of proposed rulemaking that is subject of this document 
is under section 6050S of the Internal Revenue Code.

Need for Correction

    As published, the notice of proposed rulemaking and notice of 
public hearing (REG-131418-14) contains errors that may prove to be 
misleading and are in need of clarification.

Correction of Publication

    Accordingly, the notice of proposed rulemaking and notice of public 
hearing (REG-131418-14) that are subject to FR Doc. 2016-18032 are 
corrected as follows:

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1. On page 50662, in the preamble, second column, the third line from 
the bottom of the first full paragraph, the language ``requiring 
eligible educational institution'' is corrected to read ``requiring 
eligible educational institutions''.


Sec.  1.25A-0  [Corrected]

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2. On page 50664, second column, amendatory instruction 2, the language 
``9. Revising the entry for Sec.  1.25A-2(f)(6).'' is corrected to read 
``9. Revising the entry for Sec.  1.25A-5(f)(6).''.
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3. On page 50664, third column, entry for (e)(3), the language 
``Effective/applicability dates.'' is corrected to read ``Applicability 
dates.''.
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4. On page 50664, third column, entry for (f)(4), the language 
``Effective/applicability date.'' is corrected to read ``Applicability 
date.''.
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5. On page 50664, third column, entry for (e), the language 
``Effective/applicability date.'' is corrected to read ``Applicability 
date.''.
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6. On page 50664, third column, entry for (g), the language 
``Effective/applicability date.'' is corrected to read ``Applicability 
date.''.


Sec.  1.6050S-0   [Corrected]

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7. On page 50667, second column, entry for (c)(1)(iii)(E), the language 
``consequences of refunds, reimbursements.'' is corrected to read 
``consequences of refunds, reimbursements,''.


Sec.  1.6050S-1  [Corrected]

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8. On page 50669, third column, in the second line of paragraph 
(b)(2)(vii), Example 5. (i), the language, ``2016 fall semester'' is 
corrected to read ``Z as a full-time student for the 2016 fall 
semester''; and in the tenth the language, ``$11,000 for the 2017 
spring semesters.'' is corrected to read '' $11,000 for the 2017 spring 
semester.''.

[[Page 65984]]

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9. On page 50670, second column, the third line of paragraph (c)(2)(i), 
the language, ``provided in paragraphs (c)(2)(ii) of this'' is 
corrected to read ``provided in paragraph (c)(2)(ii) of this''.
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10. On page 50671, first column, the fifth line of paragraph (g), the 
language, ``31, 2003, except that paragraphs (a)(2)'' is corrected to 
read ``31, 2003, except that paragraphs (a)(2),''.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2016-22938 Filed 9-23-16; 8:45 am]
 BILLING CODE 4830-01-P