This document contains corrections to final regulations (TD 8869), which were published in the Federal Register on Tuesday, January 25, 2000 (65 FR 3843), relating to the treatm...
This document contains corrections to final regulations (TD 8869), which were published in the
Federal Register
on Tuesday, January 25, 2000 (65 FR 3843), relating to the treatment of corporate subsidiaries of S corporations.
EFFECTIVE DATE:
January 25, 2000.
FOR FURTHER INFORMATION CONTACT:
Jeanne M. Sullivan (202) 622-3070 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The final regulations that are the subject of this correction are under section 1361 of the Internal Revenue Code.
( printed page 65313)
Need for Correction
As published, final regulations (TD 8869) contains an error which may prove to be misleading and is in need of clarification.
2. In § 1.1361-5, paragraph (c)(1), the first sentence is amended by removing the language “paragraph (b) of this section)” and adding the language “§ 1.1362-5(b))” in its place.
Cynthia E. Grigsby,
Chief, Regulations Unit, Associate Chief Counsel (Income Tax and Accounting).