[Federal Register Volume 89, Number 57 (Friday, March 22, 2024)]
[Rules and Regulations]
[Page 20317]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-05744]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 301

[TD 9984]
RIN 1545-BN59


De Minimis Error Safe Harbor Exceptions to Penalties for Failure 
To File Correct Information Returns or Furnish Correct Payee 
Statements; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Final rule; correcting amendments.

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SUMMARY: This document includes corrections to the final regulations 
(Treasury Decision 9984) published in the Federal Register on Tuesday, 
December 19, 2023. Treasury Decision 9984 contained final regulations 
implementing statutory safe harbor rules that protect persons required 
to file information returns or to furnish payee statements from 
penalties under the Internal Revenue Code for failure to file correct 
information returns or furnish correct payee statements.

DATES: These corrections are effective on March 22, 2024 and applicable 
beginning December 19, 2023.

FOR FURTHER INFORMATION CONTACT: Alexander Wu at (202) 317-6845 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION: This document corrects minor technical 
errors in 26 CFR 301.6721-0.

Background

    The final regulations (TD 9984) subject to this correction are 
issued under section 6045(g), 6721, 6722, and 6724 of the Internal 
Revenue Code.

List of Subjects in 26 CFR Part 301

    Employment taxes, Estate taxes, Excise taxes, Gift taxes, Income 
taxes, Penalties, Reporting and recordkeeping requirements.

Corrections to the Regulations

    Accordingly, 26 CFR part 301 is corrected by making the following 
correcting amendments:

PART 301--PROCEDURE AND ADMINISTRATION

0
Paragraph 1. The authority citation for part 301 continues to read in 
part as follows:

    Authority:  26 U.S.C. 7805.


0
Par. 2. Section 301.6721-0 is amended by revising the entries for 
301.6721-1(b)(6) and 301.6724-1(o) to read as follows:


Sec.  301.6721-0  Table of Contents.

* * * * *


Sec.  301.6721-1  Failure to file correct information returns.

* * * * *
    (b) * * *
    (6) Application to returns not due on January 31, February 28, or 
March 15.
* * * * *


Sec.  301.6724-1  Reasonable cause.

* * * * *
    (o) Applicability dates.

Oluwafunmilayo A. Taylor,
Section Chief, Publications and Regulations Section, Associate Chief 
Counsel, (Procedure and Administration).
[FR Doc. 2024-05744 Filed 3-21-24; 8:45 am]
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