[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] ======================================================================= ----------------------------------------------------------------------- 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