[Federal Register Volume 86, Number 77 (Friday, April 23, 2021)]
[Rules and Regulations]
[Pages 21646-21647]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-08392]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9939]
RIN 1545-BP49


Qualified Transportation Fringe, Transportation and Commuting 
Expenses Under Section 274; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Final regulations; correction.

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SUMMARY: This document contains corrections to the final regulations 
(Treasury Decision 9939), that were published in the Federal Register 
on Wednesday, December 16, 2020. The final regulations provide guidance 
regarding the elimination of the deduction for expenses related to 
certain transportation and commuting benefits provided by employers to 
their employees. The final regulations affect taxpayers who pay or 
incur such expenses.

DATES: These corrections are effective on April 23, 2021 and applicable 
to taxable years beginning on or after December 16, 2020.

FOR FURTHER INFORMATION CONTACT: Patrick Clinton of the Office of 
Associate Chief Counsel (Income Tax and Accounting), (202) 317-7005 
(not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations (TD 9939) that are the subject of this 
correction are

[[Page 21647]]

issued under section 274 of the Internal Revenue Code.

Need for Correction

    As published on December 16, 2020 (85 FR 81391), the final 
regulations (TD 9939) contain errors that need to be corrected.

Correction of Publication

    Accordingly, the final regulations (TD 9939), that are the subject 
of FR Doc. 2020-27505, in the issue of December 16, 2020 (85 FR 81391), 
are corrected as follows:
    1. On page 81402, first column, the eighth line from the bottom of 
the first full paragraph, the language ``in 274(e)(2)'' is corrected to 
read ``in section 274(e)(2)''.
    2. On page 81402, third column, under the heading ``List of 
Subjects in 26 Part 1'', the language ``Income Taxes, Reporting and 
recordkeeping requirements.'' is corrected to read ``Income taxes, 
Reporting and recordkeeping requirements.''.

Crystal Pemberton,
Senior Federal Register Liaison, Legal Processing Division, Associate 
Chief Counsel (Procedure and Administration).
[FR Doc. 2021-08392 Filed 4-22-21; 8:45 am]
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