[Federal Register Volume 63, Number 226 (Tuesday, November 24, 1998)] [Rules and Regulations] [Page 64868] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 98-31285] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 [TD 8785] RIN 1545-AU70 Classification of Certain Transactions Involving Computer Programs; Correction
Agency
Internal Revenue Service (IRS), Treasury.
Action
Correction to final regulations.
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Summary
This document contains a correction to Treasury Decision 8785, which was published in the Federal Register on Friday, October 2, 1998 (63 FR 52971) relating to the tax treatment of certain transactions involving the transfer of computer programs.
Dates
This correction is effective October 2, 1998.
For Further Information Contact
Anne Shelburne, (202) 874-1305 (not a toll-free number).
Supplementary Information
Background
The final regulations that are the subject of this correction are under section 861 of the Internal Revenue Code.
Need for Correction
As published, TD 8785 contains errors which may prove to be misleading and are in need of clarification.
Correction of Publication
Accordingly, the publication of the final regulations (TD 8785), which were the subject of FR Doc. 98-26475, is corrected as follows: 1. On page 52971, column 1, in the preamble under the caption heading FOR FURTHER INFORMATION CONTACT, line 1, the language ``Anne Shelburne, (202) 622-3880 (not a'' is corrected to read ``Anne Shelburne, (202) 874-1305 (not a''. 2. On page 52975, column 3, in the preamble under the paragraph heading ``8. Services and Know-How '', second paragraph, lines 21 through 25, the language ``secret protection. Know-how is considered a property interest under applicable law, and only if the know-how is specifically contracted for between the parties. These additional'' is corrected to read ``secret protection. These additional''.
Sec. 1.861-18 [Corrected]
3. On page 52982, column 1, Sec. 1.861-18(i)(4) Example 1, line three from the bottom of the paragraph, the language ``A is not required to change from its accrual'' is corrected to read ``A is not required to change from its''. 4. On page 52982, column 2, Sec. 1.861-18(i)(4) Example 2, line five from the bottom of the paragraph, the language ``A is not required to change from its accrual'' is corrected to read ``A is not required to change from its''. Cynthia E. Grigsby, Chief, Regulations Unit, Assistant Chief Counsel (Corporate). [FR Doc. 98-31285 Filed 11-23-98; 8:45 am] BILLING CODE 4830-01-U