Information Reporting Requirements Under Internal Revenue Code Section 6039; Correction, 67973 [E9-30348]

Download as PDF Federal Register / Vol. 74, No. 244 / Tuesday, December 22, 2009 / Rules and Regulations 3. Revising the last sentence of paragraph (i)(5) Example 5. The revisions read as follows: ■ DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 § 1.423–2 defined. [TD 9471] * RIN 1545–BH68 Employee Stock Purchase Plans Under Internal Revenue Code Section 423; Correction AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Correcting amendments. SUMMARY: This document contains corrections to final regulations (TD 9471) that were published in the Federal Register on Tuesday, November 17, 2009 (74 FR 59074) providing guidance to assist taxpayers in complying with section 423 in addition to clarifying certain rules regarding options granted under an employee stock purchase plan. DATES: This correction is effective on December 22, 2009, and is applicable on November 17, 2009. FOR FURTHER INFORMATION CONTACT: Thomas Scholz or Ilya Enkishev, (202) 622–6030 (not a toll-free number). SUPPLEMENTARY INFORMATION: Employee stock purchase plan * * * * (a) * * * (1) The term ‘‘employee stock purchase plan’’ means a plan that meets the requirements of paragraphs (a)(2) and (a)(3) of this section. * * * * * * * * (d) * * * (3) Examples. The following examples illustrate the principles of this paragraph (d): * * * * * (i) * * * (5) * * * Example 5. * * * On August 31, 2012, Q may purchase under the option an amount of FF stock equal to the difference between $75,000 in fair market value of FF stock (determined at the time the option was granted) and the fair market value of FF stock (determined at the time of grant of the option) purchased during year 2011. * * * * 67973 SUPPLEMENTARY INFORMATION: Background The final regulations (TD 9470) that are the subject of this document are under section 6039 of the Internal Revenue Code. Need for Correction As published, the final regulations (TD 9470) 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: ■ PART 1—INCOME TAXES Paragraph 1. The authority citation for part 1 continues to read in part as follows: ■ * Authority: 26 U.S.C. 7805 * * * LaNita Van Dyke, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). [FR Doc. E9–30350 Filed 12–21–09; 8:45 am] BILLING CODE 4830–01–P Background Par. 2. Section 1.6039–2 is amended as follows: ■ 1. Revising the heading of paragraph (b). ■ 2. Revising the first and second sentences of paragraph (e)(2). The revisions read as follows: ■ The final regulations (TD 9471) that are the subject of this document are under sections 421, 422, 423, and 424 of the Internal Revenue Code. DEPARTMENT OF THE TREASURY Internal Revenue Service § 1.6039–2 Statements to persons with respect to whom information is reported. * Need for Correction 26 CFR Part 1 As published, the final regulations (TD 9471) contain errors that may prove to be misleading and are in need of clarification. [TD 9470] 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: ■ PART 1—INCOME TAXES Paragraph 1. The authority citation for part 1 continues to read in part as follows: wwoods2 on DSK1DXX6B1PROD with RULES_PART 1 ■ Authority: 26 U.S.C. 7805 * * * Par. 2. Section 1.423–2 is amended by: ■ 1. Revising the first sentence of paragraph (a)(1). ■ 2. Revising the paragraph (d)(3). ■ VerDate Nov<24>2008 14:53 Dec 21, 2009 Jkt 220001 RIN 1545–BH69 Information Reporting Requirements Under Internal Revenue Code Section 6039; Correction AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Correcting amendments. SUMMARY: This document contains corrections to final regulations (TD 9470) that were published in the Federal Register on Tuesday, November 17, 2009 (74 FR 59087) relating to the return and information statement requirements under section 6039 of the Internal Revenue Code. DATES: This correction is effective on December 22, 2009, and is applicable on November 17, 2009. FOR FURTHER INFORMATION CONTACT: Thomas Scholz or Ilya Enkishev, (202) 622–6030 (not a toll-free number). PO 00000 Frm 00005 Fmt 4700 Sfmt 4700 * * * * (b) Requirement of statement with respect to stock purchased under an employee stock purchase plan under section 6039(b). * * * * * (e) * * * (2) * * * Notwithstanding § 1.6039– 1(f), corporations must furnish information statements to employees in accordance with this section for stock transfers that are subject to § 1.6039–1(a) and (b), and occur during the 2007, 2008 and 2009 calendar years. For purposes of furnishing information statements for stock transfers that occur during the 2007 or 2008 calendar years, taxpayers may rely on § 1.6039–1 of the 2004 final regulations (69 FR 46401) or § 1.6039– 2 of the 2008 proposed regulations (REG–103146–08) (73 FR 40999). * * * * * * * * LaNita Van Dyke, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). [FR Doc. E9–30348 Filed 12–21–09; 8:45 am] BILLING CODE 4830–01–P E:\FR\FM\22DER1.SGM 22DER1

Agencies

[Federal Register Volume 74, Number 244 (Tuesday, December 22, 2009)]
[Rules and Regulations]
[Page 67973]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-30348]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9470]
RIN 1545-BH69


Information Reporting Requirements Under Internal Revenue Code 
Section 6039; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting amendments.

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SUMMARY: This document contains corrections to final regulations (TD 
9470) that were published in the Federal Register on Tuesday, November 
17, 2009 (74 FR 59087) relating to the return and information statement 
requirements under section 6039 of the Internal Revenue Code.

DATES: This correction is effective on December 22, 2009, and is 
applicable on November 17, 2009.

FOR FURTHER INFORMATION CONTACT: Thomas Scholz or Ilya Enkishev, (202) 
622-6030 (not a toll-free number).

SUPPLEMENTARY INFORMATION: 

Background

    The final regulations (TD 9470) that are the subject of this 
document are under section 6039 of the Internal Revenue Code.

Need for Correction

    As published, the final regulations (TD 9470) 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 1.6039-2 is amended as follows:

0
1. Revising the heading of paragraph (b).

0
2. Revising the first and second sentences of paragraph (e)(2).
    The revisions read as follows:


Sec.  1.6039-2  Statements to persons with respect to whom information 
is reported.

* * * * *
    (b) Requirement of statement with respect to stock purchased under 
an employee stock purchase plan under section 6039(b).
* * * * *
    (e) * * *
    (2) * * * Notwithstanding Sec.  1.6039-1(f), corporations must 
furnish information statements to employees in accordance with this 
section for stock transfers that are subject to Sec.  1.6039-1(a) and 
(b), and occur during the 2007, 2008 and 2009 calendar years. For 
purposes of furnishing information statements for stock transfers that 
occur during the 2007 or 2008 calendar years, taxpayers may rely on 
Sec.  1.6039-1 of the 2004 final regulations (69 FR 46401) or Sec.  
1.6039-2 of the 2008 proposed regulations (REG-103146-08) (73 FR 
40999). * * *
* * * * *

LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. E9-30348 Filed 12-21-09; 8:45 am]
BILLING CODE 4830-01-P