Regulations Relating to Information Reporting by Foreign Financial Institutions and Withholding on Certain Payments to Foreign Financial Institutions and Other Foreign Entities; Correction, 68619 [2014-27248]
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Federal Register / Vol. 79, No. 222 / Tuesday, November 18, 2014 / Rules and Regulations
until the notification form has been
received by NMFS.
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(2) * * *
(i) * * *
(D) The vessel is in compliance with
the video monitoring requirements
described at § 679.28(k).
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amendment affects FFIs that have
entered into an agreement with the IRS
to obtain status as a participating FFI
and to, among other things, report
certain information with respect to U.S.
accounts that they maintain.
Need for Correction
68619
of the participating FFI’s FFI agreement.
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Martin V. Franks,
Chief, Publications and Regulations Branch,
Legal Processing Division, Associate Chief
Counsel (Procedure and Administration).
[FR Doc. 2014–27248 Filed 11–17–14; 8:45 am]
[TD 9657]
As published, the temporary
regulations contain an error that is
misleading with respect to the reporting
requirements of participating FFIs (as
defined in § 1.1471–1(b)(91))
maintaining U.S. accounts during the
2014 calendar year. This correcting
amendment modifies the last date in the
first sentence in § 1.1471–4T(d)(7)(iv)(B)
to correct the relevant provision to meet
its intended purpose.
RIN 1545–BL73
List of Subjects in 26 CFR Part 1
Regulations Relating to Information
Reporting by Foreign Financial
Institutions and Withholding on
Certain Payments to Foreign Financial
Institutions and Other Foreign Entities;
Correction
Income taxes, Reporting and
recordkeeping requirements.
Changes to the Inland Navigation
Rules, Technical, Organizational, and
Conforming Amendments
Correction of Publication
AGENCY:
[FR Doc. 2014–27081 Filed 11–17–14; 8:45 am]
BILLING CODE 3510–22–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
Internal Revenue Service (IRS),
Treasury.
ACTION: Correcting amendment.
AGENCY:
This document contains a
correction to final and temporary
regulations (TD 9657), which were
published in the Federal Register on
Thursday, March 6, 2014 (79 FR 12812).
The regulations relate to information
reporting by foreign financial
institutions (FFIs) with respect to U.S.
accounts and withholding on certain
payments to FFIs and other foreign
entities.
SUMMARY:
Effective Date: This correction is
effective on November 18, 2014.
Applicability Date: This correction is
applicable beginning March 6, 2014.
FOR FURTHER INFORMATION CONTACT:
Kamela Nelan, (202) 317–6942 (not a
toll-free call).
SUPPLEMENTARY INFORMATION:
DATES:
tkelley on DSK3SPTVN1PROD with RULES
Background
This document contains an
amendment to the Income Tax
Regulations (26 CFR part 1) under
section 1471 through 1474 of the
Internal Revenue Code that were
published in final and temporary
regulations in TD 9657. Sections 1471
through 1474 were added to the Code,
as Chapter 4 of Subtitle A, by the Hiring
Incentives to Restore Employment Act
of 2010 (Pub. L. 111–147, 124 Stat. 71).
The temporary regulation that is the
subject of this correcting amendment is
§ 1.1471–4T. This correcting
VerDate Sep<11>2014
16:13 Nov 17, 2014
Jkt 235001
Accordingly, 26 CFR part 1 is
corrected by making the following
correcting amendment:
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 * * *
Section 1.1471–4 is also issued under 26
U.S.C. 1471
Par. 2. Section 1.1471–4T is amended
by revising the first sentence of
paragraph (d)(7)(iv)(B).
The revision reads as follows:
■
§ 1.1471–4T
FFI agreement (temporary).
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(d) * * *
(7) * * *
(iv) * * *
(B) Special determination date and
timing for reporting with respect to the
2014 calendar year. With respect to the
2014 calendar year, a participating FFI
must report under paragraph (d)(3) or
(5) of this section on all accounts that
are identified and documented under
paragraph (c) of this section as U.S.
accounts or accounts held by ownerdocumented FFIs as of December 31,
2014, (or as of the date an account is
closed if the account is closed prior to
December 31, 2014) if such account was
outstanding on or after the effective date
PO 00000
BILLING CODE 4830–01–P
DEPARTMENT OF HOMELAND
SECURITY
Coast Guard
33 CFR Parts 83, 84, and 88
[Docket No. USCG–2012–0102]
RIN 1625–AB88
ACTION:
Coast Guard, DHS.
Final rule.
The Coast Guard is issuing
this final rule to make non-substantive
changes to its regulations. This final
rule makes conforming amendments
and technical corrections to the Coast
Guard’s Inland Navigation Rules. These
changes will have no substantive effect
on the regulated public.
DATES: This final rule is effective
November 18, 2014.
ADDRESSES: Documents mentioned in
this preamble as being available in the
docket, are part of docket USCG–2012–
0102 and are available for inspection or
copying at the Docket Management
Facility (M–30), U.S. Department of
Transportation, West Building Ground
Floor, Room W12–140, 1200 New Jersey
Avenue SE., Washington, DC 20590,
between 9 a.m. and 5 p.m., Monday
through Friday, except Federal holidays.
You may also find this docket on the
Internet by going to, inserting USCG–
2012–0102 in the ‘‘Search’’ box, and
then clicking ‘‘Search.’’
FOR FURTHER INFORMATION CONTACT: If
you have questions on this final rule,
call or email Lieutenant Commander
Megan L. Cull, Coast Guard; telephone
202–372–1565, email megan.l.cull@
uscg.mil. If you have questions on
viewing or submitting material to the
docket, call Ms. Cheryl Collins, Program
Manager, Docket Operations, telephone
202–366–9826.
SUPPLEMENTARY INFORMATION:
SUMMARY:
Table of Contents for Preamble
I. Abbreviations
II. Regulatory History
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Fmt 4700
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18NOR1
Agencies
[Federal Register Volume 79, Number 222 (Tuesday, November 18, 2014)]
[Rules and Regulations]
[Page 68619]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-27248]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9657]
RIN 1545-BL73
Regulations Relating to Information Reporting by Foreign
Financial Institutions and Withholding on Certain Payments to Foreign
Financial Institutions and Other Foreign Entities; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Correcting amendment.
-----------------------------------------------------------------------
SUMMARY: This document contains a correction to final and temporary
regulations (TD 9657), which were published in the Federal Register on
Thursday, March 6, 2014 (79 FR 12812). The regulations relate to
information reporting by foreign financial institutions (FFIs) with
respect to U.S. accounts and withholding on certain payments to FFIs
and other foreign entities.
DATES: Effective Date: This correction is effective on November 18,
2014.
Applicability Date: This correction is applicable beginning March
6, 2014.
FOR FURTHER INFORMATION CONTACT: Kamela Nelan, (202) 317-6942 (not a
toll-free call).
SUPPLEMENTARY INFORMATION:
Background
This document contains an amendment to the Income Tax Regulations
(26 CFR part 1) under section 1471 through 1474 of the Internal Revenue
Code that were published in final and temporary regulations in TD 9657.
Sections 1471 through 1474 were added to the Code, as Chapter 4 of
Subtitle A, by the Hiring Incentives to Restore Employment Act of 2010
(Pub. L. 111-147, 124 Stat. 71). The temporary regulation that is the
subject of this correcting amendment is Sec. 1.1471-4T. This
correcting amendment affects FFIs that have entered into an agreement
with the IRS to obtain status as a participating FFI and to, among
other things, report certain information with respect to U.S. accounts
that they maintain.
Need for Correction
As published, the temporary regulations contain an error that is
misleading with respect to the reporting requirements of participating
FFIs (as defined in Sec. 1.1471-1(b)(91)) maintaining U.S. accounts
during the 2014 calendar year. This correcting amendment modifies the
last date in the first sentence in Sec. 1.1471-4T(d)(7)(iv)(B) to
correct the relevant provision to meet its intended purpose.
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 amendment:
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 * * *
Section 1.1471-4 is also issued under 26 U.S.C. 1471
0
Par. 2. Section 1.1471-4T is amended by revising the first sentence of
paragraph (d)(7)(iv)(B).
The revision reads as follows:
Sec. 1.1471-4T FFI agreement (temporary).
* * * * *
(d) * * *
(7) * * *
(iv) * * *
(B) Special determination date and timing for reporting with
respect to the 2014 calendar year. With respect to the 2014 calendar
year, a participating FFI must report under paragraph (d)(3) or (5) of
this section on all accounts that are identified and documented under
paragraph (c) of this section as U.S. accounts or accounts held by
owner-documented FFIs as of December 31, 2014, (or as of the date an
account is closed if the account is closed prior to December 31, 2014)
if such account was outstanding on or after the effective date of the
participating FFI's FFI agreement. * * *
* * * * *
Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division,
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2014-27248 Filed 11-17-14; 8:45 am]
BILLING CODE 4830-01-P