This document contains a correction to final regulations (T.D. 8697, 1997-1 C.B. 215) that were published in the Federal Register on Wednesday, December 18, 1996 (61 FR 66584). The final regulations classify certain business organizations under an elective regime.
The final regulations (T.D. 8697) that is the subject of this correction is under section 7701 of the Internal Revenue Code.
As published, T.D. 8697 contains an error that may prove to be misleading and is in need of clarification.
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Accordingly, 26 CFR part 301 is corrected by making the following correcting amendment:
Paragraph 1. The authority citation for part 301 continues to read in part as follows:
Authority: 26 USC 7805 * * *
Par. 2. Section 301.7701-2(b)(8)(i) is amended by revising the entry for “Romania, Societe pe Actiuni” to read as follows:
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(b) * * *
(8) * * * (i) * * *
Romania, Societate pe Actiuni
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Cynthia E. Grigsby,The Internal Revenue Bulletin is produced and published by the Internal Revenue Service and contains IRS pronouncements affecting tax analysis under the Code and the Regulations, including but not limited to Revenue Procedures, Revenue Rulings, Notices and Announcements. Access the IRS site at https://www.irs.gov/help/irsgov-accessibility for information concerning accessibility of IRS materials. While every effort has been made to ensure that the IRB database files available through the TouchTax application are accurate, those using TouchTax for legal research should verify their results against the printed versions of the IRBs available from the IRS.