[Federal Register Volume 87, Number 62 (Thursday, March 31, 2022)]
[Rules and Regulations]
[Page 18697]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-06881]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1


Income Taxes

CFR Correction

    This rule is being published by the Office of the Federal Register 
to correct an editorial or technical error that appeared in the most 
recent annual revision of the Code of Federal Regulations.
    In Title 26 of the Code of Federal Regulations, Part 1 (Sec. Sec.  
1.641 to 1.850), revised as of April 1, 2021, make the following 
corrections:

0
1. In section 1.817A-1, add paragraph (c) to read as follows:


Sec.  1.817A-1   Certain modified guaranteed contracts.

* * * * *
    (c) Applicability dates. Paragraph (b) of this section applies to 
taxable years beginning after October 13, 2020. However, a taxpayer may 
choose to apply the rules of paragraph (b) of this section for a 
taxable year beginning after December 31, 2017, the effective date of 
the revision of section 807 by Public Law 115-97, and on or before 
October 13, 2020, provided the taxpayer consistently applies the rules 
of paragraph (b) of this section to that taxable year and all 
subsequent taxable years. See section 7805(b)(7). For taxable years 
beginning on or before October 13, 2020, see paragraph (b) of this 
section as contained in 26 CFR part 1 revised as of April 1, 2020.
* * * * *


1.818-2   [Amended]

0
2. In section 1.818-2, remove paragraph (c).

[FR Doc. 2022-06881 Filed 3-30-22; 8:45 am]
BILLING CODE 0099-10-P