Internal Revenue Bulletin: 2005-5
January 31, 2005
Table of Contents
This document contains a correction to proposed regulations (REG-149519-03, 2004-51 I.R.B. 1009) which were published in the Federal Register on Friday, November 26, 2004 (69 FR 68838). The proposed regulations relates to the treatment of transactions between a partnership and its partners as disguised sales of partnership interests between the partners.
Deane M. Burke or Christopher L. Trump, (202) 622-3070 (not a toll-free number).
The proposed regulations that is the subject of this correction is under section 707(a)(2)(B) of the Internal Revenue Code.
As published, the notice of proposed rulemaking and notice of public hearing contain an error that may prove to be misleading and is in need of clarification.
Accordingly, the publication of the proposed regulations (REG-149519-03), which was the subject of FR Doc. 04-26112, is corrected as follows:
On page 68843, column 3, in the preamble under the paragraph heading, “Review of Existing Regulations”, line 5, the language “§§ 1.707-3, 1.707-4, and 1.707-5.” is corrected to read “§§ 1.707-3, 1.707-4, 1.707-5 and 1.707-6.”.
Cynthia E. Grigsby,
Acting Chief, Regulations and Publications Branch,
Legal Processing Division,
Associate Chief Counsel
(Procedure and Administration).
(Filed by the Office of the Federal Register on December 20, 2004, 8:45 a.m., and published in the issue of the Federal Register for December 21, 2004, 69 F.R. 76422)
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