Flat Rate Supplemental Wage Withholding; Correction, 3734 [E7-1051]
Download as PDF
<![CDATA[
3734
Federal Register / Vol. 72, No. 17 / Friday, January 26, 2007 / Rules and Regulations
d. In paragraph (d)(1), the figure
‘‘$7.50’’ is removed and, in its place, the
figure ‘‘$8.25’’ is added.
I e. In paragraph (e)(1), the figure ‘‘$25’’
is removed and, in its place, the figure
‘‘$27.50’’ is added.
I f. In paragraph (e)(2), the figure ‘‘$25’’
is removed and, in its place, the figure
‘‘$27.50’’ is added.
I g. In paragraph (f), the figure ‘‘$5’’ is
removed and, in its place, the figure
‘‘$5.50’’ is added.
I
h. In paragraph (g)(1)(i), the figure
‘‘$5’’ is removed and, in its place, the
figure ‘‘$5.50’’ is added.
I i. In paragraph (g)(1)(ii), the figure
‘‘$1.75’’ is removed and, in its place, the
figure ‘‘$1.93’’ is added.
I j. In paragraph (g)(2), the table is
revised to read as set forth below.
I k. In paragraph (g)(5)(v), the figure
‘‘$5’’ is removed and, in its place, the
figure ‘‘$5.50’’ is added; and, the figure
‘‘$1.75’’ is removed and, in its place, the
figure ‘‘$1.93’’ is added.
I
l. In paragraph (i)(7), the figure ‘‘$5’’
is removed and, in its place, the figure
‘‘$5.50’’ is added.
I m. In paragraph (i)(8), the figure
‘‘$1.75’’ is removed and, in its place, the
figure ‘‘$1.93’’ is added.
The revision reads as follows:
I
§ 24.22
*
Fees for certain services.
*
*
(g) * * *
(2) * * *
Fee status for arrival from SL
Place where journey originates (see (g)(1)(iv))
Vessel
SL ............................................................................................................................
Other than SL or U.S. .............................................................................................
U.S.* ........................................................................................................................
U.S.** .......................................................................................................................
*
*
*
*
*
ACTION:
PART 111—CUSTOMS BROKERS
3. The authority citation for part 111
continues to read in part as follows:
I
Authority: 19 U.S.C. 66, 1202, (General
Note 3(i), Harmonized Tariff Schedule of the
United States), 1624, 1641.
*
*
*
*
*
Section 111.96 also issued under 19 U.S.C.
58c; 31 U.S.C. 9701.
4. Section 111.19 is amended in
paragraph (c) by removing all the figures
reading ‘‘$125’’ and adding in their
place the figure ‘‘$138’’.
I 5. Section 111.96 is amended in
paragraph (c) by removing all the figures
reading ‘‘$125’’ and adding in their
place the figure ‘‘$138’’.
I
SUMMARY: This document contains
correction to final regulations (TD 9276)
that were published in the Federal
Register on Tuesday, July 25, 2006 (71
FR 42049), amending the regulations
that provide for determining the amount
of income tax withholding on
supplemental wages. These regulations
apply to all employers and others
making supplemental wage payments to
employees.
The correction is effective
January 1, 2007.
DATES:
FOR FURTHER INFORMATION CONTACT:
A.G. Kelley, (202) 622–6040 (not a tollfree number).
SUPPLEMENTARY INFORMATION:
Deborah J. Spero,
Acting Commissioner, Bureau of Customs and
Border Protection.
Approved: January 23, 2007.
Timothy E. Skud,
Deputy Assistant Secretary of the Treasury.
[FR Doc. 07–335 Filed 1–25–07; 8:45 am]
Background
BILLING CODE 9114–14–P
DEPARTMENT OF THE TREASURY
As published, final regulations (TD
9276) contain an error that may prove to
be misleading and is in need of
clarification.
Internal Revenue Service
List of Subjects in 26 CFR Part 31
mstockstill on PROD1PC62 with RULES
[TD 9276]
RIN 1545–BD96
Jkt 211001
No fee .........
$5.50 ...........
No fee .........
$5.50 ...........
No fee .........
$5.50 ...........
N/A ..............
$5.50 ...........
Frm 00030
Fmt 4700
Sfmt 4700
No fee.
$5.50.
N/A.
$5.50.
Paragraph 1. The authority citation
for part 31 continues to read, in part, as
follows:
I
Authority: 26 U.S.C. 7805 * * *
I Par. 2. Section 31.3402(g)–1(a)(8) is
amended by revising the last sentence of
Example 3 paragraph (iv). The revision
reads as follows:
§ 31.3402(g)–1
payments.
Supplemental wage
(a) * * *
(8) * * *
Example 3. * * *
(iv) * * * If R elects to use optional
flat rate withholding provided under
paragraph (a)(7)(iii)(F) of this section,
withholding would be calculated at 25
percent of the $1,000,000 portion of the
payment and would be $250,000.
*
*
*
*
*
LaNita Van Dyke,
Chief, Publications and Regulations Branch,
Legal Processing Division, Associate Chief
Counsel, (Procedure and Administration).
[FR Doc. E7–1051 Filed 1–25–07; 8:45 am]
BILLING CODE 4830–01–P
Accordingly, 26 CFR part 31 is
corrected by making the following
correcting amendment:
PO 00000
Aircraft
PART 31—EMPLOYMENT TAXES AND
COLLECTION OF INCOME TAX AT
SOURCE
I
Internal Revenue Service (IRS),
Treasury.
AGENCY:
Fee status for arrival from
other than SL
Vessel
Correction of Publication
Flat Rate Supplemental Wage
Withholding; Correction
15:24 Jan 25, 2007
Need for Correction
Employment taxes, Income taxes,
Penalties, Pensions, Railroad retirement,
Reporting and recordkeeping
requirements, Social Security,
Unemployment compensation.
26 CFR Part 31
VerDate Aug<31>2005
The final regulations that are the
subject of this correction are under
sections 3401 and 3402 of the Internal
Revenue Code.
*
Aircraft
$1.93
1.93
1.93
1.93
Correcting amendment.
*
E:\FR\FM\26JAR1.SGM
26JAR1
]]>Agencies
[Federal Register Volume 72, Number 17 (Friday, January 26, 2007)]
[Rules and Regulations]
[Page 3734]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-1051]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 31
[TD 9276]
RIN 1545-BD96
Flat Rate Supplemental Wage Withholding; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Correcting amendment.
-----------------------------------------------------------------------
SUMMARY: This document contains correction to final regulations (TD
9276) that were published in the Federal Register on Tuesday, July 25,
2006 (71 FR 42049), amending the regulations that provide for
determining the amount of income tax withholding on supplemental wages.
These regulations apply to all employers and others making supplemental
wage payments to employees.
DATES: The correction is effective January 1, 2007.
FOR FURTHER INFORMATION CONTACT: A.G. Kelley, (202) 622-6040 (not a
toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The final regulations that are the subject of this correction are
under sections 3401 and 3402 of the Internal Revenue Code.
Need for Correction
As published, final regulations (TD 9276) contain an error that may
prove to be misleading and is in need of clarification.
List of Subjects in 26 CFR Part 31
Employment taxes, Income taxes, Penalties, Pensions, Railroad
retirement, Reporting and recordkeeping requirements, Social Security,
Unemployment compensation.
Correction of Publication
0
Accordingly, 26 CFR part 31 is corrected by making the following
correcting amendment:
PART 31--EMPLOYMENT TAXES AND COLLECTION OF INCOME TAX AT SOURCE
0
Paragraph 1. The authority citation for part 31 continues to read, in
part, as follows:
Authority: 26 U.S.C. 7805 * * *
0
Par. 2. Section 31.3402(g)-1(a)(8) is amended by revising the last
sentence of Example 3 paragraph (iv). The revision reads as follows:
Sec. 31.3402(g)-1 Supplemental wage payments.
(a) * * *
(8) * * *
Example 3. * * *
(iv) * * * If R elects to use optional flat rate withholding
provided under paragraph (a)(7)(iii)(F) of this section, withholding
would be calculated at 25 percent of the $1,000,000 portion of the
payment and would be $250,000.
* * * * *
LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division,
Associate Chief Counsel, (Procedure and Administration).
[FR Doc. E7-1051 Filed 1-25-07; 8:45 am]
BILLING CODE 4830-01-P
