[Federal Register Volume 76, Number 223 (Friday, November 18, 2011)]
[Rules and Regulations]
[Page 71450]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-29922]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9552]
RIN 1545-BJ24


Deduction for Qualified Film and Television Production Costs; 
Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final and temporary regulations.

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SUMMARY: This document contains a correction to final and temporary 
regulations (TD 9552) that were published in the Federal Register on 
Wednesday, October 19, 2011 (76 FR 64816) relating to deductions for 
the cost of producing film and television productions.

DATES: This correction is effective on November 18, 2011, and is 
applicable on October 19, 2011.

FOR FURTHER INFORMATION CONTACT: Bernard P. Harvey, (202) 622-4930 (not 
a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final and temporary regulations that are the subject of this 
correction are under Section 181 of the Internal Revenue Code.

Need for Correction

    As published, final and temporary regulations (TD 9552) contain an 
error that may prove to be misleading and is in need of clarification.

Correction of Publication

    Accordingly, the publication of the final and temporary regulations 
(TD 9552) which were the subject of FR Doc. 2011-26973 published in the 
Federal Register on Wednesday, October 19, 2011 is corrected as 
follows:


Sec.  1.181-1  [Corrected]

    On page 64817, column 2, under the amendatory instruction, the 
language ``Par. 2. Section 1.181-1 is amended by revising paragraphs 
(a)(1)(ii), (a)(6) and (b)(1)(ii) and (b)(2)(vi) to read as follows:'' 
is removed and is replaced with the new language ``Par. 2. Section 
1.181-1 is amended by revising paragraphs (a)(1)(ii), (a)(6), 
(b)(1)(ii), (b)(2)(vi), and (c)(2) to read as follows:''.

LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel, Procedure and Administration.
[FR Doc. 2011-29922 Filed 11-17-11; 8:45 am]
BILLING CODE 4830-01-P