[Federal Register Volume 86, Number 28 (Friday, February 12, 2021)]
[Rules and Regulations]
[Page 9286]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-00341]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9933]
RIN 1545-BO79


Unrelated Business Taxable Income Separately Computed for Each 
Trade or Business; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting amendment.

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SUMMARY: This document contains corrections to the final regulations 
(Treasury Decision 9933) that published in the Federal Register on 
Wednesday, December 2, 2020. The final regulations provide guidance on 
how an exempt organization subject to the unrelated business income tax 
determines if it has more than one unrelated trade or business, and, if 
so, how the exempt organization calculates unrelated business taxable 
income.

DATES: These corrections are effective on February 12, 2021 and are 
applicable on December 2, 2020.

FOR FURTHER INFORMATION CONTACT: Jonathan A. Carter at (202) 317-5800 
or Stephanie N. Robbins at (202) 317-4086 (not toll-free numbers).

SUPPLEMENTARY INFORMATION: 

Background

    The final regulations (TD 9933) that are the subject of this 
correction are issued under section 512 of the Internal Revenue Code.

Need for Correction

    As published on December 2, 2020 (85 FR 77952), the final 
regulations (TD 9933) contain errors that needs to be corrected.

List of Subjects in 26 CFR Part 1

    Income taxes, Reporting and recordkeeping requirements.

Correction of Publication

    Accordingly, 26 CFR part 1 is corrected by making the following 
correcting amendments:

PART 1--INCOME TAXES

0
Paragraph 1. The authority citation for part 1 continues to read in 
part as follows:

    Authority: 26 U.S.C. 7805 * * *


Sec.  1.512(a)-6  [Amended]

0
Par. 2. Section 1.512(a)-6 is amended:
0
a. In paragraph (a)(3)(i) by adding a semicolon after the word 
``year''.
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b. In the third sentence of paragraph (h)(2) by removing the language 
``trade or business'' and adding in its place ``trades or businesses''.

Crystal Pemberton,
Senior Federal Register Liaison, Legal Processing Division, Associate 
Chief Counsel, (Procedure and Administration).

    Editorial Note: This document was received for publication by 
the Office of the Federal Register on January 6, 2021.

[FR Doc. 2021-00341 Filed 2-11-21; 8:45 am]
BILLING CODE 4830-01-P