Net Investment Income Tax; Correction, 18161 [2014-07162]
Download as PDF
<![CDATA[
Federal Register / Vol. 79, No. 62 / Tuesday, April 1, 2014 / Rules and Regulations
(ii) * * * (A) In 2016, A does not include
the $15,000 section 951(a)(1)(A) income
inclusion in A’s net investment income
under section 1411(c)(1)(A)(i) and § 1.1411–
1(a)(1)(i). * * *
*
*
*
*
*
Martin V. Franks,
Chief, Publications and Regulations Branch,
Legal Processing Division, Associate Chief
Counsel, (Procedure and Administration).
[FR Doc. 2014–07160 Filed 3–31–14; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Parts 1 and 602
[TD 9644]
RIN 1545–BK44
Net Investment Income Tax; Correction
Internal Revenue Service (IRS),
Treasury.
ACTION: Final regulations; correction
AGENCY:
This document contains
corrections to final regulations (TD
9644) that were published in the
Federal Register on Monday, December
2, 2013 (78 FR 72394). The final
regulations provide guidance on the
general application of the Net
Investment Income Tax and the
computation of Net Investment Income.
DATES: This correction is effective April
1, 2014 and applicable December 2,
2013.
FOR FURTHER INFORMATION CONTACT:
Adrienne M. Mikolashek, at (202) 317–
6852 (not a toll free number).
SUPPLEMENTARY INFORMATION:
SUMMARY:
Background
The final regulations (TD 9644) that
are the subject of this correction is
under section 1411 of the Internal
Revenue Code.
wreier-aviles on DSK5TPTVN1PROD with RULES
Need for Correction
As published, the final regulations
(TD 9644) contain errors that may prove
to be misleading and are in need of
clarification.
Correction of Publication
Accordingly, the final regulations (TD
9644), that are the subject of FR Doc.
2013–28410, are corrected as follows:
1. On page 72399, first column, in the
preamble, ninth line of the first full
paragraph, the language ‘‘provides that
the section 1411 is applied’’ is corrected
to read ‘‘provides that section 1411 is
applied’’.
2. On page 72405, second column, in
the preamble, twelfth line from the top
VerDate Mar<15>2010
14:19 Mar 31, 2014
Jkt 232001
of the page, the language
‘‘1411(c)(1)(A)(i). See part 5.b.ii.a of
this’’ is corrected to read
‘‘1411(c)(1)(A)(i). See part 5.b.ii.a. of
this’’.
3. On page 72405, second column, in
the preamble, fifteenth line from the top
of the page, the language ‘‘purpose of
section 1411’’ is corrected to read
‘‘purposes of section 1411’’.
4. On page 72406, first column, in the
preamble, sixteenth line from the top of
the page, the language
‘‘1411(c)(1)(a)(iii)’’ is corrected to read
‘‘1411(c)(1)(A)(iii)’’.
5. On page 72406, third column, in
the preamble, fourth line from the
bottom of the page, the language
‘‘Described in Section 1411(C)(1)(b)’’ is
corrected to read ‘‘Described in Section
1411(c)(1)(B)’’.
6. On page 72407, first column, in the
preamble, fifteenth line from the bottom
of the page, the language ‘‘trades or
business, rents, and royalties,’’ is
corrected to read ‘‘trades or businesses,
rents, and royalties,’’.
7. On page 72409, first column, in the
preamble, twelfth line of the first full
paragraph, the language ‘‘reasonable
methods may lead to’’ is corrected to
read ‘‘reasonable methods may lead’’.
8. On page 72411, second column, in
the preamble, twentieth line of the first
full paragraph, the language
‘‘considered passive activity. However,’’
is corrected to read ‘‘considered a
passive activity. However,’’.
9. On page 72412, second column, in
the preamble, seventh and the eighth
lines of the first full paragraph, the
language ‘‘participates in rental real
estate activities for more than 500 hours
per’’ is corrected to read ‘‘participates in
a rental real estate activity for more than
500 hours per’’.
10. On page 72412, second column, in
the preamble, thirteenth and fourteenth
lines of the second full paragraph, the
language ‘‘taxpayer has participated in
rental real estate activities for more than
500 hours’’ is corrected to read
‘‘taxpayer has participated in a rental
real estate activity for more than 500
hours’’.
11. On page 72415, first column, in
the preamble, ninth line from the top of
the page, the language ‘‘469(e)(1)(A)) by
§ 1.469–2T(f)(10). In the’’ is corrected to
read ‘‘469(e)(1)(A)) by § 1.469–2(f)(10).
In the’’.
12. On page 72415, first column, in
the preamble, eighteenth line from the
bottom of the page, the language
‘‘covered by § 1.469–2T(f)(10) and’’ is
corrected to read ‘‘covered by § 1.469–
2(f)(10) and’’.
13. On page 72420, second column, in
the preamble, third line of the first full
PO 00000
Frm 00009
Fmt 4700
Sfmt 4700
18161
paragraph, the language ‘‘election under
§ 1.1411–10(g) election’’ is corrected to
read ‘‘election under § 1.1411–10(g)’’.
Martin V. Franks,
Chief, Publications and Regulations Branch,
Legal Processing Division, Associate Chief
Counsel, (Procedure and Administration).
[FR Doc. 2014–07162 Filed 3–31–14; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF DEFENSE
Office of the Secretary
32 CFR Part 156
[DOD–2008–OS–0160]
RIN 0790–AI42
Department of Defense Personnel
Security Program (PSP)
Department of Defense.
Final rule.
AGENCY:
ACTION:
This rule updates policies and
responsibilities for the Department of
Defense (DoD) Personnel Security
Program (PSP) in accordance with the
provisions of current U.S. Code, Public
Laws, and Executive Orders (E.O.). This
rule establishes policy and assigns
responsibilities related to the operation
of the DoD PSP, including investigative
and adjudicative policy for determining
eligibility to hold a national security
position. This rule also establishes
investigative and adjudicative policy for
the Department’s personal identity
verification (PIV) credential.
DATES: Effective Date: This rule is
effective May 1, 2014.
FOR FURTHER INFORMATION CONTACT: Dr.
Kelly Buck, (703) 604–1130.
SUPPLEMENTARY INFORMATION:
SUMMARY:
Executive Summary
I. Purpose and Legal Authority for This
Rule
This rule updates policies, assigns
responsibilities, and prescribes
procedures for the Department of
Defense (DoD) Personnel Security
Program (PSP) in accordance with the
provisions of current U.S. Code, Public
Laws, and Executive Orders (E.O.). This
rule establishes PSP policy related to
the operation of the DoD PSP, including
investigative and adjudicative policy for
determining eligibility to hold national
security positions. This rule also
establishes Homeland Security
Presidential Directive (HSPD)–12
investigative and adjudicative policy for
the Department’s personal identity
verification (PIV) credential. Legal
authorities for this rule are E.O. 12968,
E:\FR\FM\01APR1.SGM
01APR1
]]>Agencies
[Federal Register Volume 79, Number 62 (Tuesday, April 1, 2014)]
[Rules and Regulations]
[Page 18161]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-07162]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Parts 1 and 602
[TD 9644]
RIN 1545-BK44
Net Investment Income Tax; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Final regulations; correction
-----------------------------------------------------------------------
SUMMARY: This document contains corrections to final regulations (TD
9644) that were published in the Federal Register on Monday, December
2, 2013 (78 FR 72394). The final regulations provide guidance on the
general application of the Net Investment Income Tax and the
computation of Net Investment Income.
DATES: This correction is effective April 1, 2014 and applicable
December 2, 2013.
FOR FURTHER INFORMATION CONTACT: Adrienne M. Mikolashek, at (202) 317-
6852 (not a toll free number).
SUPPLEMENTARY INFORMATION:
Background
The final regulations (TD 9644) that are the subject of this
correction is under section 1411 of the Internal Revenue Code.
Need for Correction
As published, the final regulations (TD 9644) contain errors that
may prove to be misleading and are in need of clarification.
Correction of Publication
Accordingly, the final regulations (TD 9644), that are the subject
of FR Doc. 2013-28410, are corrected as follows:
1. On page 72399, first column, in the preamble, ninth line of the
first full paragraph, the language ``provides that the section 1411 is
applied'' is corrected to read ``provides that section 1411 is
applied''.
2. On page 72405, second column, in the preamble, twelfth line from
the top of the page, the language ``1411(c)(1)(A)(i). See part 5.b.ii.a
of this'' is corrected to read ``1411(c)(1)(A)(i). See part 5.b.ii.a.
of this''.
3. On page 72405, second column, in the preamble, fifteenth line
from the top of the page, the language ``purpose of section 1411'' is
corrected to read ``purposes of section 1411''.
4. On page 72406, first column, in the preamble, sixteenth line
from the top of the page, the language ``1411(c)(1)(a)(iii)'' is
corrected to read ``1411(c)(1)(A)(iii)''.
5. On page 72406, third column, in the preamble, fourth line from
the bottom of the page, the language ``Described in Section
1411(C)(1)(b)'' is corrected to read ``Described in Section
1411(c)(1)(B)''.
6. On page 72407, first column, in the preamble, fifteenth line
from the bottom of the page, the language ``trades or business, rents,
and royalties,'' is corrected to read ``trades or businesses, rents,
and royalties,''.
7. On page 72409, first column, in the preamble, twelfth line of
the first full paragraph, the language ``reasonable methods may lead
to'' is corrected to read ``reasonable methods may lead''.
8. On page 72411, second column, in the preamble, twentieth line of
the first full paragraph, the language ``considered passive activity.
However,'' is corrected to read ``considered a passive activity.
However,''.
9. On page 72412, second column, in the preamble, seventh and the
eighth lines of the first full paragraph, the language ``participates
in rental real estate activities for more than 500 hours per'' is
corrected to read ``participates in a rental real estate activity for
more than 500 hours per''.
10. On page 72412, second column, in the preamble, thirteenth and
fourteenth lines of the second full paragraph, the language ``taxpayer
has participated in rental real estate activities for more than 500
hours'' is corrected to read ``taxpayer has participated in a rental
real estate activity for more than 500 hours''.
11. On page 72415, first column, in the preamble, ninth line from
the top of the page, the language ``469(e)(1)(A)) by Sec. 1.469-
2T(f)(10). In the'' is corrected to read ``469(e)(1)(A)) by Sec.
1.469-2(f)(10). In the''.
12. On page 72415, first column, in the preamble, eighteenth line
from the bottom of the page, the language ``covered by Sec. 1.469-
2T(f)(10) and'' is corrected to read ``covered by Sec. 1.469-2(f)(10)
and''.
13. On page 72420, second column, in the preamble, third line of
the first full paragraph, the language ``election under Sec. 1.1411-
10(g) election'' is corrected to read ``election under Sec. 1.1411-
10(g)''.
Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division,
Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 2014-07162 Filed 3-31-14; 8:45 am]
BILLING CODE 4830-01-P
