[Federal Register Volume 80, Number 81 (Tuesday, April 28, 2015)]
[Rules and Regulations]
[Pages 23443-23444]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-09710]



Internal Revenue Service

26 CFR Part 301

[TD 9718]
RIN 1545-BH37

Period of Limitations on Assessment for Listed Transactions Not 
Disclosed Under Section 6011; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting amendments.


SUMMARY: This document contains corrections to final regulations (TD 
9718) that were published in the Federal Register on Tuesday, March 31, 
2015 (80 FR 16973). The final regulations relating to the exception to 
the general three-year period of limitations on assessment under 
section 6501(c)(10) of the Internal Revenue Code (Code) for listed 
transactions that taxpayer failed to disclosed as required under 
section 6011.

[[Page 23444]]

DATES: This correction is effective on April 28, 2015, and is 
applicable March 31, 2015.

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



    The final regulation (TD 9718) that is the subject of this 
correction is under section 6011.

Need for Correction

    As published, final regulations (TD 9718) contain errors that may 
prove to be misleading and are in need of clarification.

List of Subjects in 26 CFR Part 301

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

Correction of Publication

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


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

    Authority:  26 U.S.C. 7805 * * *

Par. 2. Section 301.6501(c)-1 is amended by revising the first sentence 
of paragraph (g)(5)(i)(D) to read as follows:

Sec.  301.6501(c)-1   Exceptions to general period of limitations on 
assessment and collection.

* * * * *
    (g) * * *
    (5) * * *
    (i) * * *
    (D) * * * Unless an earlier expiration is provided for in paragraph 
(g)(6) of this section, the time to assess tax under this paragraph (g) 
will not expire before one year after the date on which the Secretary 
is furnished the information from the taxpayer that satisfies all of 
the requirements of paragraphs (g)(5)(i)(A) and (B) of this section 
and, if applicable, paragraph (g)(5)(i)(C) of this section. * * *
* * * * *

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2015-09710 Filed 4-27-15; 8:45 am]