76 FR 4 pg. 709 - Electronic Funds Transfer of Depository Taxes; Correction
Type: RULEVolume: 76Number: 4Page: 709
Docket number: [TD 9507]
FR document: [FR Doc. 2010-33354 Filed 1-5-11; 8:45 am]
Agency: Treasury Department
Sub Agency: Internal Revenue Service
Official PDF Version: PDF Version
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Parts 40 and 301
[TD 9507]
RIN 1545-BJ13
Electronic Funds Transfer of Depository Taxes; Correction
AGENCY:
Internal Revenue Service (IRS), Treasury.
ACTION:
Correcting amendment.
SUMMARY:
This document contains corrections to final regulations (TD 9507) that were published in the Federal Register on Tuesday, December 7, 2010 (75 FR 75897) providing guidance relating to Federal tax deposits (FTDs) by Electronic Funds Transfer (EFT). The temporary and final regulations provide rules under which depositors must use EFT for all FTDs and eliminate the rules regarding FTD coupons.
DATES:
This correction is effective on January 6, 2011 and is applicable in taxable years ending on or after December 31, 2010.
FOR FURTHER INFORMATION CONTACT:
Michael E. Hara, (202) 622-4910 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The final regulations that are the subject of this document is under section 6302 of the Internal Revenue Code.
Need for Correction
As published, the final regulations (TD 9507) contain errors that may prove to be misleading and are in need of clarification.
List of Subjects
26 CFR Part 40
Excise taxes, Reporting and recordkeeping requirements.
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 parts 40 and 301 are corrected by making the following correcting amendments:
PART 40-EXCISE TAX PROCEDURAL REGULATIONS
Paragraph 1. The authority citation for part 40 continues to read in part as follows:
Authority:
26 U.S.C. 7805 * * *
§ 40.6302(c)-3 [Amended]
Par. 2. Section 40.6302(c)-3, paragraph (c) is amended by removing the language in the third sentence " "legal holiday" " and adding in its place " legal holiday ."
PART 301-PROCEDURE AND ADMINISTRATION
Par. 3. The authority citation for part 301 continues to read in part as follows:
Authority:
26 U.S.C. 7805 * * *
Par. 4. Part 301 is amended by revising the authority paragraph to read as follows:
PART 301-PROCEDURE AND ADMINISTRATION
Par. 21. The authority citation for part 301 continues to read in part as follows:
Authority:
26 U.S.C. 7805 * * *
Guy Traynor,
Federal Register Liaison, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, Procedure and Administration.
[FR Doc. 2010-33354 Filed 1-5-11; 8:45 am]
BILLING CODE 4830-01-P