Designated Roth Accounts Under Section 402A; Correction, 30974 [E7-10802]

Download as PDF 30974 Federal Register / Vol. 72, No. 107 / Tuesday, June 5, 2007 / Rules and Regulations (e) Public dissemination of declassified information. Declassification of information is not authorization for its public disclosure. Previously classified information that is declassified may be subject to withholding from public disclosure under the FOIA, the Privacy Act, and various statutory confidentiality provisions. DEPARTMENT OF THE TREASURY instead of being disabled, Employee C is receiving a hardship distribution. * * * Internal Revenue Service * § 9.10 AGENCY: Mandatory declassification review. All requests to the Department by a member of the public, a government employee, or an agency to declassify and release information shall result in a prompt declassification review of the information in accordance with procedures set forth in 22 CFR 171.20– 25. Mandatory declassification review requests should be directed to the Information and Privacy Coordinator, U.S. Department of State, SA–2, 515 22nd St., NW., Washington, DC 20522– 6001. § 9.11 Systematic declassification review. The Information and Privacy Coordinator shall be responsible for conducting a program for systematic declassification review of historically valuable records that were exempted from the automatic declassification provisions of section 3.3 of the Executive Order. The Information and Privacy Coordinator shall prioritize such review on the basis of researcher interest and the likelihood of declassification upon review. § 9.12 Access to classified information by historical researchers and certain former government personnel. For Department procedures regarding the access to classified information by historical researchers and certain former government personnel, see Sec. 171.24 of this Title. § 9.13 Safeguarding. cprice-sewell on PROD1PC71 with RULES Specific controls on the use, processing, storage, reproduction, and transmittal of classified information within the Department to provide protection for such information and to prevent access by unauthorized persons are contained in Volume 12 of the Department’s Foreign Affairs Manual. Dated: May 25, 2007. Lee Lohman, Deputy Assistant Secretary, Department of State. [FR Doc. E7–10778 Filed 6–4–07; 8:45 am] 15:27 Jun 04, 2007 26 CFR Part 1 [TD 9324] RIN 1545–BF04 Designated Roth Accounts Under Section 402A; Correction Internal Revenue Service (IRS), Treasury. ACTION: Correcting amendments. SUMMARY: This document contains corrections to final regulations (TD 9324) that were published in the Federal Register on Monday, April 30, 2007 (72 FR 21103) providing guidance concerning the taxation of distributions from designated Roth accounts under qualified cash or deferred arrangments under section 401(k). DATES: The correction is effective June 5, 2007. FOR FURTHER INFORMATION CONTACT: R. Lisa Mojiri-Azad or William D. Gibbs at 202–622–6060, or Cathy A. Vohs, 202– 622–6090 (not toll-free numbers). SUPPLEMENTARY INFORMATION: Background The final regulations that are the subject of this correction are under sections 401(k), 402(g), 402A, and 408A of the Internal Revenue Code. Need for Correction As published, final regulations (TD 9324) contain errors that may prove to be misleading and are in need of clarification. List of Subjects in 26 CFR Part 1 Income taxes, Reporting and recordkeeping requirements. Correction of Publication Accordingly, 26 CFR part 1 is corrected by making the following correcting amendments: I PART 1—INCOME TAXES Paragraph 1. The authority citation for part 1 continues to read in part as follows: I Authority: 26 U.S.C. 7805 * * * I Par. 2. Section 1.402A–1 is amended by revising the first sentence of Example. of A–8.(b) to read as follows: § 1.402A–1 * Designated Roth Accounts. * * A–8. * * * (b) * * * * * Example. The facts are the same as in the Example in A–7 of this section, except that BILLING CODE 4710–24–P VerDate Aug<31>2005 * * * * Par. 3. Section 1.402A–2 is amended by revising paragraph (2) of A–2.(a) to read as follows: I Jkt 211001 PO 00000 Frm 00020 Fmt 4700 Sfmt 4700 § 1.402A–2 Reporting and recordkeeping requirements with respect to designated Roth accounts. * * * * * A–2. * * * (a) * * * (2) If the distribution is not a direct rollover to a designated Roth account under another plan, the plan administrator or responsible party must provide to the employee, upon request, the same information described in paragraph (a)(1) of this A–2, except the statement need not indicate the first year of the 5-taxable-year period described in A–1 of this section. * * * * * LaNita Van Dyke, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). [FR Doc. E7–10802 Filed 6–4–07; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 301 [TD 9327] RIN 1545–BC92 Disclosure of Returns and Return Information in Connection With Written Contracts or Agreements for the Acquisition of Property or Services for Tax Administration Purposes Internal Revenue Service (IRS), Treasury. ACTION: Final regulations. AGENCY: SUMMARY: This document contains final regulations relating to the disclosure of returns and return information pursuant to section 6103(n) of the Internal Revenue Code (Code). The final regulations describe the circumstances under which officers or employees of the Treasury Department, a State tax agency, the Social Security Administration, or the Department of Justice, may disclose returns and return information to obtain property or services for tax administration purposes, pursuant to a written contract or agreement. The final regulations also set forth safeguard requirements that are designed to protect the confidentiality of returns and return information in the E:\FR\FM\05JNR1.SGM 05JNR1

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[Federal Register Volume 72, Number 107 (Tuesday, June 5, 2007)]
[Rules and Regulations]
[Page 30974]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-10802]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9324]
RIN 1545-BF04


Designated Roth Accounts Under Section 402A; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting amendments.

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SUMMARY: This document contains corrections to final regulations (TD 
9324) that were published in the Federal Register on Monday, April 30, 
2007 (72 FR 21103) providing guidance concerning the taxation of 
distributions from designated Roth accounts under qualified cash or 
deferred arrangments under section 401(k).

DATES: The correction is effective June 5, 2007.

FOR FURTHER INFORMATION CONTACT: R. Lisa Mojiri-Azad or William D. 
Gibbs at 202-622-6060, or Cathy A. Vohs, 202-622-6090 (not toll-free 
numbers).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations that are the subject of this correction are 
under sections 401(k), 402(g), 402A, and 408A of the Internal Revenue 
Code.

Need for Correction

    As published, final regulations (TD 9324) contain errors that may 
prove to be misleading and are in need of clarification.

List of Subjects in 26 CFR Part 1

    Income taxes, Reporting and recordkeeping requirements.

Correction of Publication

0
Accordingly, 26 CFR part 1 is corrected by making the following 
correcting amendments:

PART 1--INCOME TAXES

0
Paragraph 1. The authority citation for part 1 continues to read in 
part as follows:

    Authority: 26 U.S.C. 7805 * * *


0
Par. 2. Section 1.402A-1 is amended by revising the first sentence of 
Example. of A-8.(b) to read as follows:


Sec.  1.402A-1  Designated Roth Accounts.

* * * * *
    A-8. * * *
    (b) * * *
    Example. The facts are the same as in the Example in A-7 of this 
section, except that instead of being disabled, Employee C is 
receiving a hardship distribution. * * *
* * * * *

0
Par. 3. Section 1.402A-2 is amended by revising paragraph (2) of A-
2.(a) to read as follows:


Sec.  1.402A-2  Reporting and recordkeeping requirements with respect 
to designated Roth accounts.

* * * * *
    A-2. * * *
    (a) * * *
    (2) If the distribution is not a direct rollover to a designated 
Roth account under another plan, the plan administrator or responsible 
party must provide to the employee, upon request, the same information 
described in paragraph (a)(1) of this A-2, except the statement need 
not indicate the first year of the 5-taxable-year period described in 
A-1 of this section.
* * * * *

LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. E7-10802 Filed 6-4-07; 8:45 am]
BILLING CODE 4830-01-P