Disguised Payments for Services; Correction

Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Department of the Treasury Internal Revenue Service 26 CFR Part 1 [REG-115452-14] RIN 1545-BM12 AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Correction to a notice of proposed rulemaking. SUMMARY: This document contains corrections to a notice of proposed rulemaking (REG-115452-14) that was published in the Federal Register on Thursday, July 23, 2015 ( 80 FR 43652 ). The proposed regulations are relating to disguised payments for services under section 707(a)(2)(A) of the Internal Revenue Code. The proposed regulations provide guidance to partnerships and their partners regarding when an arrangement will be treated as a disguised payment for services. DATES: Written or electronic comments and requests for a public hearing for the notice of proposed rulemaking published at 80 FR 43625 , July 23, 2015, are still being accepted and must be received by October 21, 2015. FOR FURTHER INFORMATION CONTACT: Jaclyn Goldberg at (202) 317-6850 (not a toll free number). SUPPLEMENTARY INFORMATION: Background The notice of proposed rulemaking (REG-115452-14) that is the subject of these corrections is under section 707 of the Internal Revenue Code. Need for Correction As published, the notice of proposed (REG-115452-14) contains errors that may prove to be misleading and are in need of clarification. Correction of Publication Accordingly, the notice of proposed rulemaking (REG-115452-14), that was the subject of FR Doc. 2015-17828 , is corrected as follows: 1. On page 43652, in…