Elections Regarding Start-Up Expenditures, Corporation Organizational Expenditures, and Partnership Organizational Expenses; Correction, 56973 [2011-23598]
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Federal Register / Vol. 76, No. 179 / Thursday, September 15, 2011 / Rules and Regulations
DEPARTMENT OF THE TREASURY
BILLING CODE 4910–13–P
PART 1—INCOME TAXES
Internal Revenue Service
[FR Doc. 2011–23187 Filed 9–14–11; 8:45 am]
■
Paragraph 1. The authority citation
for part 1 continues to read in part as
follows:
26 CFR Part 1
DEPARTMENT OF COMMERCE
Authority: 26 U.S.C. 7805 * * *.
[TD 9542]
RIN 1545–BE77
National Oceanic and Atmospheric
Administration
15 CFR Part 922
Office of National Marine Sanctuaries
Final Policy and Permit Guidance for
Submarine Cable Projects
Office of National Marine
Sanctuaries (ONMS), National Oceanic
and Atmospheric Administration
(NOAA), Department of Commerce
(DOC).
AGENCY:
Notice of availability; response
to comments.
ACTION:
The Office of National Marine
Sanctuaries (ONMS) has developed final
policy and permitting guidance for
submarine cable projects proposed in
national marine sanctuaries. This action
identifies the criteria the ONMS will use
to ensure that applications to install and
maintain submarine cables in
sanctuaries are reviewed consistently
and in a manner that adheres to the
National Marine Sanctuaries Act and
ONMS regulations (15 CFR part 922).
The ONMS is releasing its final policy
and permitting guidance, and
responding to comments on the interim
policy.
SUMMARY:
This notice of availability is
effective as a final policy as of
September 15, 2011.
DATES:
FOR FURTHER INFORMATION CONTACT:
wreier-aviles on DSK7SPTVN1PROD with RULES
Vicki Wedell, (301) 713–3125.
Dated: September 6, 2011.
Daniel J. Basta,
Director, Office of National Marine
Sanctuaries.
Elections Regarding Start-Up
Expenditures, Corporation
Organizational Expenditures, and
Partnership Organizational Expenses;
Correction
Par. 2. Section 1.709–1 is amended by
revising the last sentences of paragraphs
(b)(4) Example 2, Example 5, and
Example 6 to read as follows:
§ 1.709–1 Treatment of organization and
syndication costs.
■
Internal Revenue Service (IRS),
Treasury.
AGENCY:
ACTION:
Correcting amendment.
This document contains
corrections to final regulations and
removal of temporary regulations (TD
9542) that were published in the
Federal Register on Wednesday, August
17, 2011 (76 FR 50887) relating to
elections to deduct start-up
expenditures, organizational
expenditures of corporations, and
organizational expenses of partnerships.
The American Jobs Creation Act of 2004
amended the Internal Revenue Code to
permit the optional deduction of a
limited amount of these types of
expenses that are paid or incurred after
October 22, 2004.
SUMMARY:
This correction is effective on
September 15, 2011 and is applicable
August 16, 2011.
DATES:
R.
Matthew Kelley, (202) 622–7900 (not a
toll-free number).
FOR FURTHER INFORMATION CONTACT:
SUPPLEMENTARY INFORMATION:
Copies of the final policy
and permit guidance for submarine
cable projects may be viewed and
downloaded at https://
sanctuaries.noaa.gov/library/
welcome.html. You may also request a
copy of the final policy by contacting
Vicki Wedell, NOAA, Office of National
Marine Sanctuaries, 1305 East-West
Highway, (N/NMS2), 11th Floor, Silver
Spring, Maryland 20910.
ADDRESSES:
Background
The final regulations and removal of
temporary regulations that are the
subject of this document are under
sections 195, 248, and 709 of the
Internal Revenue Code.
Need for Correction
As published, the final regulations
and removal of temporary regulations
(TD 9542) 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
[FR Doc. 2011–23625 Filed 9–14–11; 8:45 am]
Accordingly, 26 CFR part 1 is
corrected by making the following
correcting amendments:
BILLING CODE 3510–NK–P
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*
*
(b) * * *
(4) * * *
*
*
*
*
*
*
*
Example 2. * * * Partnership X may
amortize the remaining $34,800 ($36,000 ¥
$1,200 = $34,800) ratably over the remaining
174 months.
*
*
*
*
*
Example 5. * * * Partnership X may
amortize the remaining $52,200 ($54,000 ¥
$1,800 = $ 52,200) ratably over the remaining
174 months.
Example 6. * * * Partnership X may
amortize the remaining $435,000 ($450,000
¥ $15,000 = $435,000) ratably over the
remaining 174 months.
*
*
*
*
*
Diane Williams,
Federal Register Liaison, Publications and
Regulations Branch, Legal Processing
Division, Associate Chief Counsel (Procedure
and Administration).
[FR Doc. 2011–23598 Filed 9–14–11; 8:45 am]
BILLING CODE 4830–01–P
PENSION BENEFIT GUARANTY
CORPORATION
29 CFR Parts 4022 and 4044
Allocation of Assets in SingleEmployer Plans; Benefits Payable in
Terminated Single-Employer Plans;
Interest Assumptions for Valuing and
Paying Benefits
Pension Benefit Guaranty
Corporation.
ACTION: Final rule.
AGENCY:
This final rule amends the
Pension Benefit Guaranty Corporation’s
regulations on Benefits Payable in
Terminated Single-Employer Plans and
Allocation of Assets in Single-Employer
Plans to prescribe interest assumptions
under the benefit payments regulation
for valuation dates in October 2011 and
interest assumptions under the asset
allocation regulation for valuation dates
in the fourth quarter of 2011. The
interest assumptions are used for
valuing and paying benefits under
terminating single-employer plans
SUMMARY:
E:\FR\FM\15SER1.SGM
15SER1
]]>Agencies
[Federal Register Volume 76, Number 179 (Thursday, September 15, 2011)]
[Rules and Regulations]
[Page 56973]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-23598]
=======================================================================
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9542]
RIN 1545-BE77
Elections Regarding Start-Up Expenditures, Corporation
Organizational Expenditures, and Partnership Organizational Expenses;
Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Correcting amendment.
-----------------------------------------------------------------------
SUMMARY: This document contains corrections to final regulations and
removal of temporary regulations (TD 9542) that were published in the
Federal Register on Wednesday, August 17, 2011 (76 FR 50887) relating
to elections to deduct start-up expenditures, organizational
expenditures of corporations, and organizational expenses of
partnerships. The American Jobs Creation Act of 2004 amended the
Internal Revenue Code to permit the optional deduction of a limited
amount of these types of expenses that are paid or incurred after
October 22, 2004.
DATES: This correction is effective on September 15, 2011 and is
applicable August 16, 2011.
FOR FURTHER INFORMATION CONTACT: R. Matthew Kelley, (202) 622-7900 (not
a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The final regulations and removal of temporary regulations that are
the subject of this document are under sections 195, 248, and 709 of
the Internal Revenue Code.
Need for Correction
As published, the final regulations and removal of temporary
regulations (TD 9542) 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
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 1.709-1 is amended by revising the last sentences of
paragraphs (b)(4) Example 2, Example 5, and Example 6 to read as
follows:
Sec. 1.709-1 Treatment of organization and syndication costs.
* * * * *
(b) * * *
(4) * * *
* * * * *
Example 2. * * * Partnership X may amortize the remaining
$34,800 ($36,000 - $1,200 = $34,800) ratably over the remaining 174
months.
* * * * *
Example 5. * * * Partnership X may amortize the remaining
$52,200 ($54,000 - $1,800 = $ 52,200) ratably over the remaining 174
months.
Example 6. * * * Partnership X may amortize the remaining
$435,000 ($450,000 - $15,000 = $435,000) ratably over the remaining
174 months.
* * * * *
Diane Williams,
Federal Register Liaison, Publications and Regulations Branch, Legal
Processing Division, Associate Chief Counsel (Procedure and
Administration).
[FR Doc. 2011-23598 Filed 9-14-11; 8:45 am]
BILLING CODE 4830-01-P
