Partnership Representative Under the Centralized Partnership Audit Regime and Election To Apply the Centralized Partnership Audit Regime; Correcting Amendment
| Published date | 04 September 2019 |
| Citation | 84 FR 46440 |
| Record Number | 2019-19059 |
| Section | Rules and Regulations |
| Court | Internal Revenue Service |
Federal Register, Volume 84 Issue 171 (Wednesday, September 4, 2019)
[Federal Register Volume 84, Number 171 (Wednesday, September 4, 2019)]
[Rules and Regulations]
[Page 46440]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-19059]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 301
[TD 9839]
RIN 1545-BN33
Partnership Representative Under the Centralized Partnership
Audit Regime and Election To Apply the Centralized Partnership Audit
Regime; Correcting Amendment
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Correcting amendments.
-----------------------------------------------------------------------
SUMMARY: This document contains corrections to Treasury Decision 9839,
which was published in the Federal Register for Thursday, August 9,
2018. Treasury Decision 9839 contains final regulations regarding the
designation and authority of the partnership representative under the
centralized partnership audit regime, which was enacted into law on
November 2, 2015 by section 1101 of the Bipartisan Budget Act of 2015
(BBA).
DATES: These regulations are effective September 4, 2019 and applicable
August 9, 2018.
FOR FURTHER INFORMATION CONTACT: Joy E. Gerdy Zogby of the Office of
Associate Chief Counsel (Procedure and Administration), (202) 317-4927
(not toll-free numbers).
SUPPLEMENTARY INFORMATION:
Background
The final regulations (TD 9839) that are the subject of this
correction are under section 1101 of the Internal Revenue Code.
Need for Correction
As published August 9, 2018 (83 FR 39331), the final regulation and
removal of temporary regulations (TD 9839; FR Doc. 2018-17002)
contained errors that may prove misleading and therefore need to be
corrected.
List of Subjects in 26 CFR Part 301
Employment taxes, Estate taxes, Excise taxes, Gift taxes, Income
taxes, Penalties, Reporting and recordkeeping requirements.
Correction of Publication
Accordingly, 26 CFR part 301 is corrected by making the following
correcting amendments:
PART 301--PROCEDURE AND ADMINISTRATION
0
Paragraph 1. The authority citation for part 301 continues to read in
part as follows:
Authority: 26 U.S.C. 7805.
* * * * *
0
Par. 2. Section 301.6223-1 is amended by revising the fifth sentence of
paragraph (e)(1) to read as follows:
Sec. 301.6223-1 Partnership representative.
* * * * *
(e) * * *
(1) * * * No later than 30 days after the IRS receives a written
notification of revocation submitted at the time described in paragraph
(e)(2)(i) of this section, the IRS will send written confirmation of
receipt of the written notification to the partnership, the revoked
partnership representative or, in the case of a revocation of only the
appointment of a designated individual, to the revoked designated
individual, and to the newly designated partnership representative. * *
*
* * * * *
Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division,
Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 2019-19059 Filed 9-3-19; 8:45 am]
BILLING CODE 4830-01-P
