84 FR 33002 - Organizations Under Common Control; Eighty Percent Control Test for a Brother-Sister Controlled Group; Correcting Amendment

This document contains a correction to Treasury Decision 8179, which was published in the Federal Register for Wednesday, March 2, 1988. Treasury Decision 8179 issued final regulations and withdrew temporary regulations relating to organizations under common control for purposes of certain rules relating to pension, profit-sharing, and stock bonus plans. Treasury Decision 8179 was corrected on May 9, 1988; however, the corrections were not properly incorporated into the Code of Federal Regulations.

[Federal Register Volume 84, Number 133 (Thursday, July 11, 2019)]
[Rules and Regulations]
[Page 33002]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2019-14424]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 8179]


Organizations Under Common Control; Eighty Percent Control Test 
for a Brother-Sister Controlled Group; Correcting Amendment

AGENCY: Internal Revenue Service.

ACTION: Correcting amendment.

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SUMMARY: This document contains a correction to Treasury Decision 8179, 
which was published in the Federal Register for Wednesday, March 2, 
1988. Treasury Decision 8179 issued final regulations and withdrew 
temporary regulations relating to organizations under common control 
for purposes of certain rules relating to pension, profit-sharing, and 
stock bonus plans. Treasury Decision 8179 was corrected on May 9, 1988; 
however, the corrections were not properly incorporated into the Code 
of Federal Regulations.

DATES: 
    Effective date. This correction is effective on July 11, 2019.
    Applicability date: March 2, 1988.

FOR FURTHER INFORMATION CONTACT: Dara Alderman at (202) 317-5500.

SUPPLEMENTARY INFORMATION:

Background

    The final regulations (TD 8179) that are the subject of this 
correction are under section 52 of the Internal Revenue Code. Treasury 
Decision 8179 was corrected at 53 FR 16408, May 9, 1988; however, the 
Office of the Federal Register did not properly incorporate the 
correction into the Code of Federal Regulations at that time.

Need for Correction

    As published March 2, 1988 (53 FR 6603), the final regulations (TD 
8179; FR Doc. 88-4451) contain an error that needed to be corrected. 
Treasury Decision 8179 was corrected at 53 FR 16408, May 9, 1988; 
however, the Office of the Federal Register did not properly 
incorporate the correction into the Code of Federal Regulations.

Applicability of Correction

    Generally, the amendments to the regulations under section 52 of 
the Code (relating to tax credits for employees) apply to taxable years 
beginning after December 31, 1976. However, because the May 9, 1988 
correction was not properly incorporated into the Code of Federal 
Regulations at the time of publication, with respect to taxable years 
that began prior to the Effective date, the Internal Revenue Service 
will not challenge the application of either published version of the 
regulation.

List of Subjects in 26 CFR Part 1

    Income taxes, Reporting and recordkeeping requirements.

Correction of Publication

    Accordingly, 26 CFR part 1 is corrected by making the following 
correcting amendment:

PART 1--INCOME TAXES

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

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


Sec.  1.52-1   [Amended]

0
Par. 2. In Sec.  1.52-1, paragraph (d)(1)(i) is amended by removing the 
language ``Sec.  1.414(c)-4(b)(1))'' and adding ``Sec.  1.414(c)-4'' in 
its place.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2019-14424 Filed 7-10-19; 8:45 am]
BILLING CODE 4830-01-P