[Federal Register Volume 84, Number 196 (Wednesday, October 9, 2019)]
[Proposed Rules]
[Pages 54079-54080]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-21949]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[REG-104870-18]
RIN 1545-BO68
Taxable Year of Income Inclusion Under an Accrual Method of
Accounting; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Correction to a notice of proposed rulemaking.
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SUMMARY: This document contains a correction to a notice of proposed
rulemaking (REG-104870-18) that was published in the Federal Register
on September 9, 2019. The proposed regulations are regarding the timing
of income inclusion under section 451 of the Internal Revenue Code. The
proposed regulations reflect changes made by the Tax Cuts and Jobs Act.
DATES: Written or electronic comments and requests for a public hearing
are still being accepted and must be received by November 8, 2019.
ADDRESSES: Send submissions to Internal Revenue Service, CC:PA:LPD:PR
(REG-104870-18), Room 5205, P.O. Box 7604, Ben Franklin Station,
Washington, DC 20044. Submissions may be hand delivered Monday through
Friday between the hours of 8 a.m. and 4 p.m. to Courier's Desk,
Internal Revenue Service, CC:PA:LPD:PR (REG-104870-18), 1111
Constitution Avenue NW, Washington, DC 20224. Alternatively, persons
may submit comments electronically via the Federal eRulemaking Portal
at http://www.regulations.gov (IRS REG-104870-18).
FOR FURTHER INFORMATION CONTACT: Concerning Sec. Sec. 1.446-2, 1.451-
3(d)(2), 1.451-3(i), 1.1275-2(l), and any other provisions within the
jurisdiction of the Associate Chief Counsel (Financial Institutions and
Products), Charles Culmer, (202) 317-4528; concerning the rest of the
proposed regulations, Charles Gorham, (202) 317-5091; concerning
submissions of comments and requests for a public hearing, Regina L.
Johnson, (202) 317-6091 (not toll-free numbers).
FOR FURTHER INFORMATION CONTACT:
Send submissions to Internal Revenue Service, CC:PA:LPD:PR (REG-104870-
18), Room 5205, P.O. Box 7604, Ben Franklin Station, Washington, DC
20044. Submissions may be hand delivered Monday through Friday between
the hours of 8 a.m. and 4 p.m.
[[Page 54080]]
to Courier's Desk, Internal Revenue Service, CC:PA:LPD:PR (REG-104870-
18), 1111 Constitution Avenue NW, Washington, DC 20224. Alternatively,
persons may submit comments electronically via the Federal eRulemaking
Portal at http://www.regulations.gov (IRS REG-104870-18).
SUPPLEMENTARY INFORMATION:
Background
The proposed regulations that are the subject of this correction
are under section 451 of the Internal Revenue Code.
Need for Correction
As published, the notice of proposed regulations (REG-104870-18)
contains errors which may prove to be misleading and need to be
clarified.
Correction of Publication
Accordingly, the notice of proposed rulemaking (REG-104870-18) that
was the subject of FR Doc. 2019-19325, published at 84 FR 47191
(September 9, 2019), is corrected to read as follows:
1. On page 47192, first column, the first line under in the caption
FOR FURTHER INFORMATION CONTACT, the language ``Concerning Sec. Sec.
1.446-2, 1.451-3 (d)(2),'' is corrected to read ``Concerning Sec. Sec.
1.446-2, 1.451-3 (d).''
2. On page 47192, third column, the first line of the last partial
paragraph, the language ``Proposed Sec. 1.451-3 (d)(1) clarifies
that'' is corrected to read ``Proposed Sec. 1.451-3 (d) clarifies
that''.
3. On page 47193, first column, the third line of the first full
paragraph, the language ``3(d)(2) also provides that the AFS'' is
corrected to read ``3(d) also provides that the AFS''.
4. On page 47197, second column, the second line from the bottom of
the first full paragraph, the language ``2018-80 (2018 IRB 609),
issued'' is corrected to read ``2018-80 (2018 42 IRB 609), issued''.
5. On page 47197, second column, the sixth line under the caption
``Proposed Applicability Date,'' the language, ``specified fee,
proposed Sec. 1.451-3(i)(2) is'' is corrected to read ``specified fee
other than a specified credit card fee, proposed Sec. 1.451-3(i)(2)
is''.
Sec. 1.451-3 [Corrected]
0
6. On page 47205, first column, the entry for the table of content
paragraph (h)(4), the language ``covers mismatched reportable periods''
is corrected to read ``covers mismatched reportable periods.''.
Martin V. Franks,
Branch Chief, Publications and Regulations Branch, Legal Processing
Division, Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2019-21949 Filed 10-8-19; 8:45 am]
BILLING CODE 4830-01-P