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Proposed Regulation (1998)

Minor Corrections: Trusts as Beneficiaries for Purposes of Required Minimum Distribution Calculations


[Federal Register: March 25, 1998 (Volume 63, Number 57)]
[Proposed Rules]
[Page 14391-14392]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr25mr98-32]

DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[REG-209463-82]
RIN 1545-AV82

Required Distributions From Qualified Plans and Individual Retirement Plans; Correction

AGENCY: Internal Revenue Service, Treasury.

ACTION: Correction to notice of proposed rulemaking.

SUMMARY: This document contains corrections to REG-209463-82, which was published in the Federal Register on Tuesday, December 30, 1997 (62 FR 67780). The amendments to existing proposed regulations make changes to the rules that apply if a trust is named as a beneficiary of an employees benefit under a retirement plan.

FOR FURTHER INFORMATION CONTACT: Thomas Foley, (202) 622-6030 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

The notice of proposed rulemaking that is the subject of these corrections is under section 401(a)(9) of the Internal Revenue Code. Need for Correction

As published, REG-209463-82 contains errors which may prove to be misleading and are in need of clarification.

Correction of Publication

Accordingly, the publication of the notice of proposed rulemaking (REG-209463-82), which is the subject of FR Doc. 97-33393, is corrected as follows:

Sec. 1.409(a)(9)-1 [Corrected]

1. On page 67783, Sec. 1.409(a)(9)-1 is corrected as set out in the following table:

----------------------------------------------------------------------------------------------------------------
               Section                         Location            Incorrect language       Corrected language
----------------------------------------------------------------------------------------------------------------

1.409(a)(9)-1........................  Q&A D-5, column 2,       "paragraph (b) of this  "paragraph (b) of this
                                        paragraph (a) of A,      D-5A are met,".         D-5 are met,"
                                        line 10.
1.409(a)(9)-1........................  Q&A D-5, column 2,       "paragraph (b) of this  "paragraph (b) of this
                                        paragraph (a) of A.,     D-5A are not met,".     D-5 are not met,"
                                        line 24.
1.409(a)(9)-1........................  Q&A D-5, column 3,       "5A are satisfied with  "5 are satisfied with
                                        paragraph (c) of A.,     respect to such".       respect to such"
                                        line 10 from the top
                                        of the column.
1.409(a)(9)-1........................  Q&A D-6, column 3,       "requirements of        "requirements of
                                        paragraph (a) of A.,     paragraph (b) of D-      paragraph (b) of D-5"
                                        line 3.                  5A".
1.409(a)(9)-1........................  Q&A D-6, column 3,       "5A of this section     "5 of this section are
                                        paragraph (a) of A.,     are satisfied with".    satisfied with"
                                        line 13 from the
                                        bottom of the
                                        paragraph.
1.409(a)(9)-1........................  Q&A D-6, column 3,       "paragraph (b) of D-5A  "paragraph (b) of D-5
                                        paragraph (a) of A.,     of this section are".   of this section are"
                                        line 8 from the bottom
                                        of the paragraph.
----------------------------------------------------------------------------------------------------------------

[[Page 14392]]

2. On page 67784, Sec. 1.409(a)(9)-1 is corrected as set out in the following table:

----------------------------------------------------------------------------------------------------------------
               Section                         Location            Incorrect language       Corrected language
----------------------------------------------------------------------------------------------------------------
1.409(a)(9)-1........................  Q&A D-7, column 1,       "(b)(4) of D-5A of      "(b)(4) of D-5 of this
                                        paragraph (a) of A.,     this section for".      section for"
                                        line 4.
1.409(a)(9)-1........................  Q&A D-7, column 1,       "(2) of this D-7A:"..  "(2) of this D-7:"
                                        paragraph (a)
                                        introductory text of
                                        A., last line of the
                                        paragraph.
1.409(a)(9)-1........................  Q&A D-7, column 1,       "and (3) of D-5A of     "and (3) of D-5 of
                                        paragraph (a)(2)(ii)     this section are".      this section are"
                                        of A., line 5.
1.409(a)(9)-1........................  Q&A D-7, column 1,       "paragraph (b)(1),      "paragraph (b)(1), (2)
                                        paragraph (b)(1) of      (2), and (3) of D-5A     and (3) of D-5 of"
                                        A., second line from     of".
                                        the bottom of the
                                        column.
1.409(a)(9)-1........................  Q&A D-7, column 2,       "(a)(1), (a)(2), or     "(a)(1), (a)(2), or
                                        paragraph (c)(1) of      (b) of this D-7A, a      (b) of this D-7, a
                                        A., line 6.              plan".                  plan"
1.409(a)(9)-1........................  Q&A D-7, column 2,       "requirements of        "requirements of
                                        paragraph (c)(1) of      paragraph (b) of D-      paragraph (b) of D-5"
                                        A., line 10 from the     5A".
                                        bottom of the
                                        paragraph.
----------------------------------------------------------------------------------------------------------------

Cynthia E. Grigsby,
Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 98-7671 Filed 3-24-98; 8:45 am]
BILLING CODE 4830-01-P

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