Income Inclusion When Lessee Treated as Having Acquired Investment Credit Property; Correction, 65541 [2016-22945]

Download as PDF rmajette on DSK2TPTVN1PROD with RULES Federal Register / Vol. 81, No. 185 / Friday, September 23, 2016 / Rules and Regulations of Inspector General of the Department of Health and Human Services granted a waiver of the section 1128 exclusion; or (5) The evidence is a laboratory finding about a physical impairment and there is no indication that the finding is unreliable. (c) Reporting requirements for excluded medical sources of evidence. Excluded medical sources of evidence (as described in paragraph (a) of this section) must inform us in writing that they are excluded under section 223(d)(5)(C)(i) of the Act, as amended, each time they submit evidence related to a claim for initial or continuing benefits under titles II or XVI of the Act. This reporting requirement applies to evidence that excluded medical sources of evidence submit to us either directly or through a representative, claimant, or other individual or entity. (1) Excluded medical sources of evidence must provide a written statement, which contains the following information: (i) A heading stating: ‘‘WRITTEN STATEMENT REGARDING SECTION 223(d)(5)(C) OF THE SOCIAL SECURITY ACT—DO NOT REMOVE’’ (ii) The name and title of the medical source; (iii) The applicable excluding event(s) stated in paragraph (a)(1)–(a)(3) of this section; (iv) The date of the medical source’s felony conviction under sections 208 or 1632 of the Act, if applicable; (v) The date of the imposition of a civil monetary penalty or assessment, or both, for the submission of false evidence, under section 1129 of the Act, if applicable; and (vi) The basis, effective date, anticipated length of the exclusion, and whether the Office of the Inspector General of the Department of Health and Human Services waived the exclusion, if the excluding event was the medical source’s exclusion from participation in any Federal health care program under section 1128 of the Act. (2) The written statement provided by an excluded medical source of evidence may not be removed by any individual or entity prior to submitting evidence to us. (3) We may request that the excluded medical source of evidence provide us with additional information or clarify any information submitted that bears on the medical source’s exclusion(s) under section 223(d)(5)(C)(i) of the Act, as amended. [FR Doc. 2016–22909 Filed 9–22–16; 8:45 am] BILLING CODE P VerDate Sep<11>2014 15:10 Sep 22, 2016 Jkt 238001 DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 [TD 9776] RIN 1545–BM74 Income Inclusion When Lessee Treated as Having Acquired Investment Credit Property; Correction Internal Revenue Service (IRS), Treasury. ACTION: Temporary regulations; correcting amendment. AGENCY: This document contains a correction to temporary regulations (TD 9776) that were published in the Federal Register on July 22, 2016 (81 FR 47701). The temporary regulations provide guidance regarding the income inclusion rules under section 50(d)(5) of the Internal Revenue Code (Code) that are applicable to a lessee of investment credit property when a lessor of such property elects to treat the lessee as having acquired the property. DATES: This correction is effective on September 23, 2016 and applicable on July 22, 2016. FOR FURTHER INFORMATION CONTACT: Jennifer Records at (202) 317–6853 (not a toll free number). SUPPLEMENTARY INFORMATION: 65541 Credit’’,’’ and adding ‘‘ ‘‘Investment Credit,’’ ’’ in its place. ■ 2. Paragraph (e) Example 1. and 3. are amended by removing the language ‘‘July 1, 2016.’’ and adding ‘‘October 1, 2016.’’ in its place. ■ 3. Paragraph (e) Example 2. is amended by removing the language ‘‘paragraph (e).’’ and adding ‘‘paragraph (e),’’ in its place. Martin V. Franks, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). [FR Doc. 2016–22945 Filed 9–22–16; 8:45 am] BILLING CODE 4830–01–P SUMMARY: Background The temporary regulations (TD 9776) that are the subject of this correction are under section 50 of the Internal Revenue Code. DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 [TD 9774] RIN 1545–BM04 Method of Accounting for Gains and Losses on Shares in Money Market Funds; Broker Returns With Respect to Sales of Shares in Money Market Funds; Correction Internal Revenue Service (IRS), Treasury. ACTION: Final regulations; correction. AGENCY: Correction of Publication Accordingly, 26 CFR part 1 is corrected by making the following correcting amendments: This document contains a correction to final regulations (TD 9774) that were published in the Federal Register on July 8, 2016 (81 FR 44508). The final regulations provide a simplified method of accounting for gains and losses on shares in money market funds (MMFs). The final regulations also provide guidance regarding information reporting requirements for shares in MMFs. DATES: This correction is effective on September 23, 2016 and applicable on July 8, 2016. FOR FURTHER INFORMATION CONTACT: Grace Cho at (202) 317–6895 (not a toll free number). SUPPLEMENTARY INFORMATION: PART 1—INCOME TAXES Background Paragraph 1. The authority citation for part 1 continues to read in part as follows: The final regulations (TD 9774) that are the subject of this correction are under sections 446, and 6045 of the Internal Revenue Code. Need for Correction As published, the temporary regulations (TD 9776) 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. ■ Authority: 26 U.S.C. 7805 * * * § 1.50–1T [Amended] Par. 2. In § 1.50–1T: 1. Paragraph (b)(3)(ii) is amended by removing the language ‘‘ ‘‘Investment ■ ■ PO 00000 Frm 00011 Fmt 4700 Sfmt 4700 SUMMARY: Need for Correction As published, the final regulations (TD 9774) contains an error that may prove to be misleading and is in need of clarification. E:\FR\FM\23SER1.SGM 23SER1

Agencies

[Federal Register Volume 81, Number 185 (Friday, September 23, 2016)]
[Rules and Regulations]
[Page 65541]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-22945]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9776]
RIN 1545-BM74


Income Inclusion When Lessee Treated as Having Acquired 
Investment Credit Property; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Temporary regulations; correcting amendment.

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SUMMARY: This document contains a correction to temporary regulations 
(TD 9776) that were published in the Federal Register on July 22, 2016 
(81 FR 47701). The temporary regulations provide guidance regarding the 
income inclusion rules under section 50(d)(5) of the Internal Revenue 
Code (Code) that are applicable to a lessee of investment credit 
property when a lessor of such property elects to treat the lessee as 
having acquired the property.

DATES: This correction is effective on September 23, 2016 and 
applicable on July 22, 2016.

FOR FURTHER INFORMATION CONTACT: Jennifer Records at (202) 317-6853 
(not a toll free number).

SUPPLEMENTARY INFORMATION:

Background

    The temporary regulations (TD 9776) that are the subject of this 
correction are under section 50 of the Internal Revenue Code.

Need for Correction

    As published, the temporary regulations (TD 9776) 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 * * *


Sec.  1.50-1T  [Amended]

0
Par. 2. In Sec.  1.50-1T:
0
1. Paragraph (b)(3)(ii) is amended by removing the language `` 
``Investment Credit'','' and adding `` ``Investment Credit,'' '' in its 
place.
0
2. Paragraph (e) Example 1. and 3. are amended by removing the language 
``July 1, 2016.'' and adding ``October 1, 2016.'' in its place.
0
3. Paragraph (e) Example 2. is amended by removing the language 
``paragraph (e).'' and adding ``paragraph (e),'' in its place.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2016-22945 Filed 9-22-16; 8:45 am]
BILLING CODE 4830-01-P