Revised Regulations Concerning Section 403(b) Tax-Sheltered Annuity Contracts:

Federal Register: October 26, 2010 (Volume 75, Number 206)

Rules and Regulations

Page 65567

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

DOCID:fr26oc10-4

Page 65567

DEPARTMENT OF THE TREASURY

Internal Revenue Service 26 CFR Part 1

TD 9340

RIN 1545-BB64

Revised Regulations Concerning Section 403(b) Tax-Sheltered

Annuity Contracts; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final regulations.

SUMMARY: This document contains a correction to final regulations (TD 9340) thatwere published in the Federal Register on Thursday, July 26, 2007 (72 FR41128) providing updated guidance on section 403(b) contracts of public schools and tax-exemptorganizations described in section 501(c)(3). These regulations will affect sponsors of section403(b) contracts, administrators, participants, and beneficiaries.

DATES: The correction is effective October 26, 2010, and is applicable on July 26, 2007.

FOR FURTHER INFORMATION CONTACT: Concerning the regulations, John

Tolleris at(202) 622-6060; concerning the regulations as applied to church-related entities, Sherri Edelmanor Jason Levine at (202) 283- 9634 (not toll-free numbers).

SUPPLEMENTARY INFORMATION:

Background

The final regulations that are the subject of this correction are under section 403(b)of the Internal Revenue Code.

Need for Correction

As published, final regulations (TD 9340) contain an error that may prove to bemisleading and is in need of clarification.

Correction of Publication

Accordingly, the publication of the final regulations (TD 9340), which was thesubject of FR Doc. 07-3649, is corrected as follows:

On page 41138, column 2, in the preamble, under footnote number 11, line 26,the language ``Rev. Rul. 66-254 (1966-2 CB. 125)'' is removed.

LaNita Van Dyke,

Chief, Publications and Regulations Branch,Legal Processing

Division,Associate Chief Counsel(Procedure and Administration).

FR Doc. 2010-26980 Filed 10-25-10; 8:45 am

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