Application of Section 409A to Nonqualified Deferred Compensation Plans; Correction, 51413 [2016-18355]
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Federal Register / Vol. 81, No. 150 / Thursday, August 4, 2016 / Proposed Rules
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This
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the comment period for the NPRM that
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SUPPLEMENTARY INFORMATION:
Carolyn W. Colvin,
Acting Commissioner of Social Security.
[FR Doc. 2016–18367 Filed 8–3–16; 8:45 am]
BILLING CODE 4191–02–P
This document contains
corrections to a partial withdrawal of
notice of proposed rulemaking; notice of
proposed rulemaking (REG–123854–12)
that was published in the Federal
Register on Wednesday, June 22, 2016
(81 FR 40569). The proposed regulations
are to clarify or modify certain specific
provisions of the final regulations under
section 409A (TD 9321, 72 FR 19234).
DATES: Written or electronic comments
and requests for a public hearing for the
notice of proposed rulemaking
published at 81 FR 40569, June 22, 2016
are still being accepted and must be
received by September 20, 2016.
FOR FURTHER INFORMATION CONTACT:
Concerning the proposed regulations
under sections 409A, Gregory Burns at
(202) 927–9639, concerning submissions
or comments and/or requests for a
public hearing, Regina Johnson 202–
317–6901 (not toll-free numbers).
SUPPLEMENTARY INFORMATION:
SUMMARY:
Background
The partial withdrawal of notice of
proposed rulemaking; notice of
proposed rulemaking (REG–123854–12)
that is the subject of this correction is
under 409A of the Internal Revenue
Code.
As published, the partial withdrawal
of notice of proposed rulemaking; notice
of proposed rulemaking (REG–123854–
12) contains errors that may prove to be
misleading and are in need of
clarification.
Correction of Publication
Accordingly, the partial withdrawal of
notice of proposed rulemaking; notice of
proposed rulemaking (REG–123854–12)
that was the subject of FR Doc. 2016–
14331 is corrected as follows:
Internal Revenue Service
26 CFR Part 1
[REG–123854–12]
rmajette on DSK2TPTVN1PROD with PROPOSALS
RIN 1545–BL25
Application of Section 409A to
Nonqualified Deferred Compensation
Plans; Correction
Internal Revenue Service (IRS),
Treasury.
ACTION: Correction to a partial
withdrawal of notice of proposed
rulemaking; notice of proposed
rulemaking.
AGENCY:
VerDate Sep<11>2014
14:52 Aug 03, 2016
Jkt 238001
[Corrected]
1. On page 40582, first column,
seventeenth line of paragraph (i)(5)(iv),
the language ‘‘described in § 1.409A–
(1)(b)(ii) held’’ is corrected to read
‘‘described in § 1.409A–1(b)(5)(ii) held’’.
■ 2. On page 40582, second column, in
paragraph (i)(5)(iv) twenty-first line
from the top of the page, the language
‘‘§ 1.409A–(1)(b)(5)(i)(A) or (B) or a
statutory stock’’ is corrected to read
‘‘§ 1.409A–1(b)(5)(i)(A) or (B) or a
statutory stock’’.
■ 3. On page 40582, second column, in
paragraph (i)(5)(iv) twenty-third line
from the top of the page, the language
‘‘§ 1.409A–(1)(b)(5)(ii) also will not
cause the stock’’ is corrected to read
‘‘§ 1.409A–1(b)(5)(ii) also will not cause
the stock’’.
■
DEPARTMENT OF THE TREASURY
PO 00000
Frm 00033
Fmt 4702
[Corrected]
4. On page 40584, first column, in the
third and fourth line of paragraph
(a)(1)(ii)(B), the language ‘‘substantial
risk of forfeiture—(1) Risk of forfeiture
disregarded.’’ is corrected to read
‘‘substantial risk of forfeiture.’’.
■ 5. On page 40584, first and second
column of paragraphs ‘‘(a)(1)(ii)(B)(i),
(ii), and (iii)’’ are renumbered as
‘‘(a)(1)(ii)(B)(1), (2), and (3)’’
respectively.
■
Martin V. Franks,
Chief, Publications and Regulations Branch,
Legal Processing Division, Associate Chief
Counsel, (Procedure and Administration).
[FR Doc. 2016–18355 Filed 8–3–16; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 25
[REG–163113–02]
RIN 1545–BB71
Estate, Gift, and Generation-Skipping
Transfer Taxes; Restrictions on
Liquidation of an Interest
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice of proposed rulemaking
and notice of public hearing.
AGENCY:
Need for Correction
§ 1.409A–3
§ 1.409A–4
51413
Sfmt 4702
This document contains
proposed regulations concerning the
valuation of interests in corporations
and partnerships for estate, gift, and
generation-skipping transfer (GST) tax
purposes. Specifically, these proposed
regulations concern the treatment of
certain lapsing rights and restrictions on
liquidation in determining the value of
the transferred interests. These
proposed regulations affect certain
transferors of interests in corporations
and partnerships and are necessary to
prevent the undervaluation of such
transferred interests.
DATES: Written and electronic comments
must be received by November 2, 2016.
Outlines of topics to be discussed at the
public hearing scheduled for December
1, 2016, must be received by November
2, 2016.
ADDRESSES: Send submissions to:
CC:PA:LPD:PR (REG–163113–02), Room
5203, Internal Revenue Service, POB
7604, Ben Franklin Station, Washington,
DC 20044. Submissions also may be
hand delivered Monday through Friday
between the hours of 8 a.m. and 5 p.m.
to: CC:PA:LPD:PR (REG–163113–02),
Courier’s Desk, Internal Revenue
SUMMARY:
E:\FR\FM\04AUP1.SGM
04AUP1
]]>Agencies
[Federal Register Volume 81, Number 150 (Thursday, August 4, 2016)]
[Proposed Rules]
[Page 51413]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-18355]
=======================================================================
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[REG-123854-12]
RIN 1545-BL25
Application of Section 409A to Nonqualified Deferred Compensation
Plans; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Correction to a partial withdrawal of notice of proposed
rulemaking; notice of proposed rulemaking.
-----------------------------------------------------------------------
SUMMARY: This document contains corrections to a partial withdrawal of
notice of proposed rulemaking; notice of proposed rulemaking (REG-
123854-12) that was published in the Federal Register on Wednesday,
June 22, 2016 (81 FR 40569). The proposed regulations are to clarify or
modify certain specific provisions of the final regulations under
section 409A (TD 9321, 72 FR 19234).
DATES: Written or electronic comments and requests for a public hearing
for the notice of proposed rulemaking published at 81 FR 40569, June
22, 2016 are still being accepted and must be received by September 20,
2016.
FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations
under sections 409A, Gregory Burns at (202) 927-9639, concerning
submissions or comments and/or requests for a public hearing, Regina
Johnson 202-317-6901 (not toll-free numbers).
SUPPLEMENTARY INFORMATION:
Background
The partial withdrawal of notice of proposed rulemaking; notice of
proposed rulemaking (REG-123854-12) that is the subject of this
correction is under 409A of the Internal Revenue Code.
Need for Correction
As published, the partial withdrawal of notice of proposed
rulemaking; notice of proposed rulemaking (REG-123854-12) contains
errors that may prove to be misleading and are in need of
clarification.
Correction of Publication
Accordingly, the partial withdrawal of notice of proposed
rulemaking; notice of proposed rulemaking (REG-123854-12) that was the
subject of FR Doc. 2016-14331 is corrected as follows:
Sec. 1.409A-3 [Corrected]
0
1. On page 40582, first column, seventeenth line of paragraph
(i)(5)(iv), the language ``described in Sec. 1.409A-(1)(b)(ii) held''
is corrected to read ``described in Sec. 1.409A-1(b)(5)(ii) held''.
0
2. On page 40582, second column, in paragraph (i)(5)(iv) twenty-first
line from the top of the page, the language ``Sec. 1.409A-
(1)(b)(5)(i)(A) or (B) or a statutory stock'' is corrected to read
``Sec. 1.409A-1(b)(5)(i)(A) or (B) or a statutory stock''.
0
3. On page 40582, second column, in paragraph (i)(5)(iv) twenty-third
line from the top of the page, the language ``Sec. 1.409A-
(1)(b)(5)(ii) also will not cause the stock'' is corrected to read
``Sec. 1.409A-1(b)(5)(ii) also will not cause the stock''.
Sec. 1.409A-4 [Corrected]
0
4. On page 40584, first column, in the third and fourth line of
paragraph (a)(1)(ii)(B), the language ``substantial risk of
forfeiture--(1) Risk of forfeiture disregarded.'' is corrected to read
``substantial risk of forfeiture.''.
0
5. On page 40584, first and second column of paragraphs
``(a)(1)(ii)(B)(i), (ii), and (iii)'' are renumbered as
``(a)(1)(ii)(B)(1), (2), and (3)'' respectively.
Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division,
Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 2016-18355 Filed 8-3-16; 8:45 am]
BILLING CODE 4830-01-P
