Reporting of Original Issue Discount on Tax-Exempt Obligations; Basis and Transfer Reporting by Securities Brokers for Debt Instruments and Options; Correction, 24702 [2016-09698]
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24702
Federal Register / Vol. 81, No. 81 / Wednesday, April 27, 2016 / Rules and Regulations
corrected to read ‘‘premium for a taxexempt obligation that’’.
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Martin V. Franks,
Chief, Publications and Regulations Branch,
Legal Processing Division, Associate Chief
Counsel (Procedure and Administration).
26 CFR Part 1
[TD 9750]
[FR Doc. 2016–09698 Filed 4–26–16; 8:45 am]
RIN 1545–BN59
BILLING CODE 4830–01–P
Reporting of Original Issue Discount
on Tax-Exempt Obligations; Basis and
Transfer Reporting by Securities
Brokers for Debt Instruments and
Options; Correction
Internal Revenue Service (IRS),
Treasury.
ACTION: Final regulations; correction.
AGENCY:
This document contains
corrections to final regulations (TD
9750) that published in the Federal
Register on Thursday, February 18,
2016 (81 FR 8149). The final regulations
relates to information reporting by
brokers for transactions involving debt
instruments and options, including the
reporting of original issue discount
(OID) on tax-exempt obligations, the
treatment of certain holder elections for
reporting a taxpayer’s adjusted basis in
a debt instrument, and transfer reporting
for section 1256 options and debt
instruments.
SUMMARY:
This correction is effective April
27, 2016 and applicable February 18,
2016.
DATES:
FOR FURTHER INFORMATION CONTACT:
Pamela Lew at (202) 317–7053 (not a
toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The final regulation (TD 9750) that is
the subject of this correction is under
section 6045 of the Internal Revenue
Code.
Need for Correction
jstallworth on DSK7TPTVN1PROD with RULES
Correction of Publication
Accordingly, the final regulation (TD
9750), that is the subject of FR Doc.
2016–03429, is corrected as follows:
1. On page 8151, in the preamble,
third column, third line from the bottom
of the first full paragraph, ‘‘OID and
acquisition discount on all tax-’’ is
corrected to read ‘‘OID and acquisition
premium on all tax-’’.
2. On page 8151, in the preamble,
third column, third line from the bottom
of the last full paragraph, ‘‘discount for
a tax-exempt obligation that’’ is
15:13 Apr 26, 2016
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 * * *
DEPARTMENT OF THE TREASURY
Par. 2. Section 1.6045–1 is amended
by revising the third sentence of
paragraph (n)(4) to read as follows:
■
Internal Revenue Service
26 CFR Part 1
[TD 9750]
§ 1.6045–1 Returns of information of
brokers and barter exchanges.
RIN 1545–BM59
*
Reporting of Original Issue Discount
on Tax-Exempt Obligations; Basis and
Transfer Reporting by Securities
Brokers for Debt Instruments and
Options; Correction
Internal Revenue Service (IRS),
Treasury.
ACTION: Correcting amendment.
AGENCY:
This document contains
corrections to final regulations (TD
9750) that were published in the
Federal Register on Thursday, February
18, 2016 (81 FR 8149). The final
regulations relate to information
reporting by brokers for transactions
involving debt instruments and options,
including the reporting of original issue
discount (OID) on tax-exempt
obligations, the treatment of certain
holder elections for reporting a
taxpayer’s adjusted basis in a debt
instrument, and transfer reporting for
section 1256 options and debt
instruments.
SUMMARY:
This correction is effective April
27, 2016 and applicable February 18,
2016.
DATES:
*
*
*
*
(n) * * *
(4) * * * See paragraph (n)(11) of this
section for the treatment of an election
described in paragraph (n)(4)(iii) of this
section (election to accrue market
discount based on a constant yield) and
an election described in paragraph
(n)(4)(iv) of this section (election to treat
all interest as OID).
*
*
*
*
*
§ 1.6045A–1
[Corrected]
Par. 3. Section 1.6045A–1 is amended
by removing ‘‘and;’’ at the end of
paragraphs (b)(3)(ix) and (b)(4)(iii) and
adding ‘‘; and’’ in its place.
■
§ 1.6049–9
[Corrected]
Par. 4. Section 1.6049–9(c) is
amended by revising the citation
‘‘§ 1.6049–10T’’ to read ‘‘§ 1.6049–10’’
in the last sentence.
■
Martin V. Franks,
Chief, Publications and Regulations Branch,
Legal Processing Division, Associate Chief
Counsel (Procedure and Administration).
[FR Doc. 2016–09697 Filed 4–26–16; 8:45 am]
BILLING CODE 4830–01–P
FOR FURTHER INFORMATION CONTACT:
As published, the final regulation (TD
9750) contains errors that may prove to
be misleading and are in need of
clarification.
VerDate Sep<11>2014
Correction of Publication
Jkt 238001
Pamela Lew at (202) 317–7053 (not a
toll-free number).
SUPPLEMENTARY INFORMATION:
DEPARTMENT OF COMMERCE
Background
37 CFR Part 42
The final regulations (TD 9750) that
are the subject of this correction are
under section 6045, 6045A, and 6049 of
the Internal Revenue Code.
[Docket No. PTO–P–2015–0053]
Need for Correction
As published, the final regulations
(TD 9750) 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.
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Fmt 4700
Sfmt 4700
Patent and Trademark Office
RIN 0651–AD01
Amendments to the Rules of Practice
for Trials Before the Patent Trial and
Appeal Board; Correction
United States Patent and
Trademark Office, Commerce.
ACTION: Final rule; correction.
AGENCY:
The United States Patent and
Trademark Office (Office) published a
final rule in the Federal Register on
SUMMARY:
E:\FR\FM\27APR1.SGM
27APR1
]]>Agencies
[Federal Register Volume 81, Number 81 (Wednesday, April 27, 2016)]
[Rules and Regulations]
[Page 24702]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-09698]
[[Page 24702]]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9750]
RIN 1545-BN59
Reporting of Original Issue Discount on Tax-Exempt Obligations;
Basis and Transfer Reporting by Securities Brokers for Debt Instruments
and Options; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Final regulations; correction.
-----------------------------------------------------------------------
SUMMARY: This document contains corrections to final regulations (TD
9750) that published in the Federal Register on Thursday, February 18,
2016 (81 FR 8149). The final regulations relates to information
reporting by brokers for transactions involving debt instruments and
options, including the reporting of original issue discount (OID) on
tax-exempt obligations, the treatment of certain holder elections for
reporting a taxpayer's adjusted basis in a debt instrument, and
transfer reporting for section 1256 options and debt instruments.
DATES: This correction is effective April 27, 2016 and applicable
February 18, 2016.
FOR FURTHER INFORMATION CONTACT: Pamela Lew at (202) 317-7053 (not a
toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The final regulation (TD 9750) that is the subject of this
correction is under section 6045 of the Internal Revenue Code.
Need for Correction
As published, the final regulation (TD 9750) contains errors that
may prove to be misleading and are in need of clarification.
Correction of Publication
Accordingly, the final regulation (TD 9750), that is the subject of
FR Doc. 2016-03429, is corrected as follows:
1. On page 8151, in the preamble, third column, third line from the
bottom of the first full paragraph, ``OID and acquisition discount on
all tax-'' is corrected to read ``OID and acquisition premium on all
tax-''.
2. On page 8151, in the preamble, third column, third line from the
bottom of the last full paragraph, ``discount for a tax-exempt
obligation that'' is corrected to read ``premium for a tax-exempt
obligation that''.
Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division,
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2016-09698 Filed 4-26-16; 8:45 am]
BILLING CODE 4830-01-P
