Designation of Payor To Perform Acts Required of an Employer; Correction

Federal Register, Volume 79 Issue 105 (Monday, June 2, 2014)

Federal Register Volume 79, Number 105 (Monday, June 2, 2014)

Rules and Regulations

Page 31219

From the Federal Register Online via the Government Printing Office www.gpo.gov

FR Doc No: 2014-12614

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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 31

TD 9662

RIN 1545-BJ31

Designation of Payor To Perform Acts Required of an Employer; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting amendment.

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SUMMARY: This document contains corrections to final regulations (TD 9662) that were published in the Federal Register on Monday, March 31, 2014 (79 FR 17860) relating to section 3504 of the Internal Revenue Code (Code) providing circumstances under which a person (payor) is designated to perform the acts required of an employer and is liable for employment taxes with respect to wages or compensation paid by the payor to individuals performing services for the payor's client pursuant to a service agreement between the payor and the client.

DATES: This correction is effective on June 2, 2014, and is applicable March 31, 2014.

FOR FURTHER INFORMATION CONTACT: Jeanne Royal Singley at (202) 317-6798 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

The final regulations that are subject of this document are under section 3504 of the Internal Revenue Code.

Need for Correction

As published, final regulations (TD 9662) contain errors that may prove to be misleading and are in need of clarification.

Correction of Publication

Accordingly, 26 CFR part 31 is corrected by making the following correcting amendments:

PART 31--EMPLOYMENT TAXES AND COLLECTION OF INCOME TAX AT THE SOURCE

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Paragraph 1. The authority citation for part 31 continues to read in part as follows:

Authority: 26 U.S.C. 7805 * * *

Sec. 31.3504-2 Corrected

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Par. 2. In Sec. 31.3504-2, paragraph (e)(9) Example 9. the language ``Corporation U'' is removed and the language ``Corporation V'' is added in its place.

Martin V. Franks,

Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration).

FR Doc. 2014-12614 Filed 5-30-14; 8:45 am

BILLING CODE 4830-01-P