Income taxes: S corporation securities; prohibited allocations; correction,

[Federal Register: March 22, 2005 (Volume 70, Number 54)]

[Corrections]

[Page 14494]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr22mr05-91]

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9164]

RIN 1545-BC33

Prohibited Allocations of Securities in an S Corporation

Correction

In rule document 04-27294 beginning on page 75455 in the issue of Friday, December 17, 2004, make the following corrections:

Sec. 1.409(p)-1T [Corrected]

1. On page 75462, in Sec. 1.409(p)-1T(c)(3)(ii), in the first column, in the fifth line, ``(d)(2)(ii)(b)'' should read ``(d)(2)(ii)(b)''.

2. On page 75466, in the same section, in paragraph (h), in Example 3, in paragraph (i), in the table, in the second column heading, ``Present value of nonqualified deferred compensation'' should read ``Present value of nonqualified deferred compensation on determination date''.

3. On the same page, in the same section, in the same table, in the fourth column heading, ``New shares of synthetic equity on determination'' should read ``New shares of synthetic equity on determination date''

4. On the same page, in the same section, in the same table, in the fifth column heading, ``Aggregate number of synthetic equity shares'' should read ``Aggregate number of synthetic equity shares on determination date''.

5. On page 75468, in the first column, in the signature, ``Mark M. Matthews'' should read ``Mark E. Matthews''.

[FR Doc. C4-27294 Filed 3-21-05; 8:45 am]

BILLING CODE 1505-01-D