[Federal Register Volume 64, Number 44 (Monday, March 8, 1999)]
[Proposed Rules]
[Page 10964]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-5532]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 20

[REG-106177-98]
RIN 1545-AW20


Adequate Disclosure of Gifts; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice of proposed rulemaking.

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SUMMARY: This document contains a correction to the notice of proposed 
rulemaking (REG-106177-98), which was published in the Federal Register 
Tuesday, December 22, 1998 (63 FR 70701), relating to changes made by 
the Taxpayer Relief Act of 1997 and the Internal Revenue Service 
Restructuring and Reform Act of 1998 regarding the valuation of prior 
gifts in determining estate and gift tax liability, and the period of 
limitations for assessing and collecting gift tax.

FOR FURTHER INFORMATION CONTACT: William L. Blodgett, (202) 622-3090 
(not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The notice of proposed rulemaking that is the subject of this 
correction is under sections 2001 and 2504 of the Internal Revenue 
Code.

Need for Correction

    As published, REG-106177-98 contains an error which may prove to be 
misleading and is in need of clarification.

Correction of Publication

    Accordingly, the publication of the notice of proposed rulemaking 
(REG-106177-98), which was the subject of FR Doc. 98-33648, is 
corrected as follows:


Sec. 20.2001-1  [Corrected]

    On page 70704, column 3, Sec. 20.2001-1(c) introductory text, line 
2, the language ``of paragraph (a) of this section, the'' is corrected 
to read ``of paragraph (b) of this section, the''.
Michael L. Slaughter,
Acting Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 99-5532 Filed 3-5-99; 8:45 am]
BILLING CODE 4830-01-U