Disguised Payments for Services; Correction, 50240 [2015-20476]

Download as PDF 50240 Federal Register / Vol. 80, No. 160 / Wednesday, August 19, 2015 / Proposed Rules minutes before the hearing starts. For information about having your name placed on the building access list to attend the hearing, see the FOR FURTHER INFORMATION CONTACT section of this document. Martin V. Franks, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). [FR Doc. 2015–20468 Filed 8–18–15; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 [REG–115452–14] RIN 1545–BM12 Disguised Payments for Services; Correction Internal Revenue Service (IRS), Treasury. ACTION: Correction to a notice of proposed rulemaking. AGENCY: This document contains corrections to a notice of proposed rulemaking (REG–115452–14) that was published in the Federal Register on Thursday, July 23, 2015 (80 FR 43652). The proposed regulations are relating to disguised payments for services under section 707(a)(2)(A) of the Internal Revenue Code. The proposed regulations provide guidance to partnerships and their partners regarding when an arrangement will be treated as a disguised payment for services. SUMMARY: Written or electronic comments and requests for a public hearing for the notice of proposed rulemaking published at 80 FR 43625, July 23, 2015, are still being accepted and must be received by October 21, 2015. FOR FURTHER INFORMATION CONTACT: Jaclyn Goldberg at (202) 317–6850 (not a toll free number). SUPPLEMENTARY INFORMATION: DATES: rmajette on DSK2VPTVN1PROD with PROPOSALS Background The notice of proposed rulemaking (REG–115452–14) that is the subject of these corrections is under section 707 of the Internal Revenue Code. Need for Correction As published, the notice of proposed (REG–115452–14) contains errors that may prove to be misleading and are in need of clarification. VerDate Sep<11>2014 15:11 Aug 18, 2015 Jkt 235001 Correction of Publication Accordingly, the notice of proposed rulemaking (REG–115452–14), that was the subject of FR Doc. 2015–17828, is corrected as follows: 1. On page 43652, in the preamble, first column, under the caption ADDRESSES, the eleventh line of the paragraph, the language ‘‘Washington, DC, or sent electronically, ’’ is corrected to read ‘‘Washington, DC, 20224 or sent electronically,’’. 2. On page 43653, in the preamble, first column, the tenth line from the bottom of the first full paragraph, the language ‘‘gross income allocation in a nonpartner’’ is corrected to read ‘‘gross income allocation in a non-partner’’. 3. On page 43655, in the preamble, second column, the third line from the bottom of the second full paragraph, the language ‘‘66–95 and revise Rev. Rul. 69–180,’’ is corrected to read ‘‘66–95 and Rev. Rul. 69–180,’’. 4. On page 43657, in the preamble, third column, under the paragraph heading ‘‘Drafting Information’’ the third line of the paragraph, the language ‘‘Goldberg of the Office Assistant Chief’’ is corrected to read ‘‘Goldberg of the Office Associate Chief’’. § 1.707–2 [Corrected] 5. On page 46358, column 3, paragraph (c), the eighth and ninth lines, the language ‘‘arrangement constitutes in whole or in part a payment for services. The’’ is corrected to read ‘‘arrangement constitutes (in whole or in part) a payment for services. The.’’. 6. On page 43659, column 1, paragraph (d) Example 1, the twelfth line, the language ‘‘first two years of partnership’s operations.’’ is corrected to read ‘‘first two years of the partnership’s operations.’’. 7. On page 43660, column 1, paragraph (d), Example 3 (iv), the sixteenth line, the language ‘‘the presence or absence of entrepreneurial’’ is corrected to read ‘‘the presence or absence of significant entrepreneurial’’. 8. On page 43660, column 1, paragraph (d), Example 4 (ii), the last line of the column, the language ‘‘entrepreneurial risk. The special allocation to’’ is corrected to read ‘‘significant entrepreneurial risk. The special allocation to’’. 9. On page 43660, column 3, paragraph (d), Example 6 (ii), the fourth line from the bottom of the column, the language ‘‘waiver of the partnership. PO 00000 Frm 00016 Fmt 4702 Sfmt 4702 The ABC’’ is corrected to read ‘‘waiver of the fee. The ABC’’. Martin V. Franks, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). [FR Doc. 2015–20476 Filed 8–18–15; 8:45 am] BILLING CODE 4830–01–P ENVIRONMENTAL PROTECTION AGENCY 40 CFR Part 52 [EPA–R06–OAR–2006–0131; FRL–9930–17Region-6] Approval and Promulgation of Implementation Plans; Louisiana; Major Source Permitting State Implementation Plan Environmental Protection Agency (EPA). ACTION: Proposed rule. AGENCY: The Environmental Protection Agency (EPA) is proposing to approve portions of revisions to the Louisiana New Source Review (NSR) State Implementation Plan (SIP) submitted by the State of Louisiana designee. These revisions are updates to the Prevention of Significant Deterioration (PSD) and Nonattainment NSR (NNSR) permit programs. SUMMARY: Written comments must be received on or before September 18, 2015. DATES: Submit your comments, identified by Docket ID No. EPA–R06– OAR–2006–0131, by one of the following methods: • http://www.regulations.gov. Follow the online instructions. • Email: Stephanie Kordzi at kordzi.stephanie@epa.gov. • Mail or delivery: Stephanie Kordzi, Air Permits Section (6PD–R), Environmental Protection Agency, 1445 Ross Avenue, Suite 1200, Dallas, Texas 75202–2733. Instructions: Direct your comments to Docket ID No. EPA–R06–OAR–2006– 0131. The EPA’s policy is that all comments received will be included in the public docket without change and may be made available online at http://www.regulations.gov, including any personal information provided, unless the comment includes information claimed to be Confidential Business Information (CBI) or other information the disclosure of which is restricted by statute. Do not submit information through http:// www.regulations.gov or email, if you ADDRESSES: E:\FR\FM\19AUP1.SGM 19AUP1

Agencies

[Federal Register Volume 80, Number 160 (Wednesday, August 19, 2015)]
[Proposed Rules]
[Page 50240]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-20476]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-115452-14]
RIN 1545-BM12


Disguised Payments for Services; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to a notice of proposed rulemaking.

-----------------------------------------------------------------------

SUMMARY: This document contains corrections to a notice of proposed 
rulemaking (REG-115452-14) that was published in the Federal Register 
on Thursday, July 23, 2015 (80 FR 43652). The proposed regulations are 
relating to disguised payments for services under section 707(a)(2)(A) 
of the Internal Revenue Code. The proposed regulations provide guidance 
to partnerships and their partners regarding when an arrangement will 
be treated as a disguised payment for services.

DATES: Written or electronic comments and requests for a public hearing 
for the notice of proposed rulemaking published at 80 FR 43625, July 
23, 2015, are still being accepted and must be received by October 21, 
2015.

FOR FURTHER INFORMATION CONTACT: Jaclyn Goldberg at (202) 317-6850 (not 
a toll free number).

SUPPLEMENTARY INFORMATION: 

Background

    The notice of proposed rulemaking (REG-115452-14) that is the 
subject of these corrections is under section 707 of the Internal 
Revenue Code.

Need for Correction

    As published, the notice of proposed (REG-115452-14) contains 
errors that may prove to be misleading and are in need of 
clarification.

Correction of Publication

    Accordingly, the notice of proposed rulemaking (REG-115452-14), 
that was the subject of FR Doc. 2015-17828, is corrected as follows:
    1. On page 43652, in the preamble, first column, under the caption 
ADDRESSES, the eleventh line of the paragraph, the language 
``Washington, DC, or sent electronically, '' is corrected to read 
``Washington, DC, 20224 or sent electronically,''.
    2. On page 43653, in the preamble, first column, the tenth line 
from the bottom of the first full paragraph, the language ``gross 
income allocation in a nonpartner'' is corrected to read ``gross income 
allocation in a non-partner''.
    3. On page 43655, in the preamble, second column, the third line 
from the bottom of the second full paragraph, the language ``66-95 and 
revise Rev. Rul. 69-180,'' is corrected to read ``66-95 and Rev. Rul. 
69-180,''.
    4. On page 43657, in the preamble, third column, under the 
paragraph heading ``Drafting Information'' the third line of the 
paragraph, the language ``Goldberg of the Office Assistant Chief'' is 
corrected to read ``Goldberg of the Office Associate Chief''.


Sec.  1.707-2  [Corrected]

    5. On page 46358, column 3, paragraph (c), the eighth and ninth 
lines, the language ``arrangement constitutes in whole or in part a 
payment for services. The'' is corrected to read ``arrangement 
constitutes (in whole or in part) a payment for services. The.''.
    6. On page 43659, column 1, paragraph (d) Example 1, the twelfth 
line, the language ``first two years of partnership's operations.'' is 
corrected to read ``first two years of the partnership's operations.''.
    7. On page 43660, column 1, paragraph (d), Example 3 (iv), the 
sixteenth line, the language ``the presence or absence of 
entrepreneurial'' is corrected to read ``the presence or absence of 
significant entrepreneurial''.
    8. On page 43660, column 1, paragraph (d), Example 4 (ii), the last 
line of the column, the language ``entrepreneurial risk. The special 
allocation to'' is corrected to read ``significant entrepreneurial 
risk. The special allocation to''.
    9. On page 43660, column 3, paragraph (d), Example 6 (ii), the 
fourth line from the bottom of the column, the language ``waiver of the 
partnership. The ABC'' is corrected to read ``waiver of the fee. The 
ABC''.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2015-20476 Filed 8-18-15; 8:45 am]
 BILLING CODE 4830-01-P