PS-103-90 (Final) (TD 8578) Election Out of Subchapter K for Producers of Natural Gas; Correction

11059F

Time of Request: Monday, August 16, 2010 16:36:05 EST

Client ID/Project Name:

Number of Lines: 48

Job Number: 1823:236891739

Research Information

Service: LEXSEE(R) Feature

Print Request: Current Document: 2

Source: Get by LEXSEE(R)

Search Terms: td 8578

Send to: GOLDBERGER, JOEL

IRS - HEADQUARTERS OPERATIONS

1111 CONSTITUTION AVE NW RM 2116IR

WASHINGTON, DC 20224-0002

LEXSEE TD 8578

Treasury Decisions

Copyright 2007 LexisNexis Group, All Rights Reserved

Rules and Regulations

DEPARTMENT OF THE TREASURY

    Internal Revenue Service (IRS)

26 CFR Part 1

60 FR 11028 ; RIN 1545-AP23

Election Out of Subchapter K for Producers of Natural Gas; Correction

T.D. 8578

DATE: March 1, 1995

SUMMARY: This document contains a correction to final regulations [TD 8578] which was published in the Federal Register for Friday, December 23, 1994 (59 FR 66181). The final regulations provide that the co-producers under a joint operating agreement must use one of two permissible methods described in the regulations in reporting income from gas sales and certain related deductions and credits.

EFFECTIVE DATE: January 1, 1995.

FOR FURTHER INFORMATION CONTACT: Grace Kim, (202) 622-3060 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

The final regulations that are the subject of this correction are under section 761 of the Internal Revenue Code.

Need for Correction

As published, TD 8578 contains a typographical error that is in need of correction.

Correction of Publication

Accordingly, the publication of the final regulations which is the subject of FR Doc. 94-31291, is corrected as follows:

On page 66183, column 2, § 1.761-2, paragraph (d)(2)(i), ninth line from the bottom of the paragraph, regulation section "§ 1.4461(e)(3)" is corrected to read "§ 1.446-1(e)(3)".

Cynthia E. Grigsby,

Chief, Regulations Unit, Assistant Chief Counsel (Corporate).

[FR Doc. 95-4902 Filed 2-28-95; 8:45 am]

BILLING CODE 4830-01-P

11059F

********** Print Completed **********

Time of Request: Monday, August 16, 2010 16:36:05 EST

Print Number: 1823:236891739

Number of Lines: 48

Number of Pages:

Send To: GOLDBERGER, JOEL

IRS - HEADQUARTERS OPERATIONS

1111 CONSTITUTION AVE NW RM 2116IR

WASHINGTON, DC 20224-0002