Internal Revenue Bulletin: 2003-51
December 22, 2003
Table of Contents
This document contains a correction to a proposed regulation (REG-128203-02, 2003-41 I.R.B. 828 [68 FR 46516]) that was published in the Federal Register on August 6, 2003, relating to partnership transactions involving contracts accounted for under a long term contract method of accounting.
The proposed regulations that are the subject of this correction are under section 460 of the Internal Revenue Code.
As published, the proposed regulations (REG-128203-02), contain an error that may prove to be misleading and is in need of clarification.
Accordingly, the publication of the proposed regulations (REG-128203-02), which are the subject of FR Doc. 03-18484, is corrected as follows:
On page 46518, column 1, in the preamble under the paragraph heading “1. Contribution of a Contract to a Partnership”, line 8 from the top of the column, the language “to the contract, and the contributes the” is corrected to read “to the contract, and then contributes the”.
Acting Chief, Publications and Regulations Branch,
Legal Processing Division,
Associate Chief Counsel
(Procedure and Administration).
(Filed by the Office of the Federal Register on October 30, 2003, 8:45 a.m., and published in the issue of the Federal Register for October 31, 2003, 68 F.R. 62040)
|More Internal Revenue Bulletins|