Final Rule

De Minimis Error Safe Harbor Exceptions to Penalties for Failure To File Correct Information Returns or Furnish Correct Payee Statements; Correction

Final rule; correction.

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Summary:

This document contains a correction to the final regulations (Treasury Decision 9984) published in the Federal Register on Tuesday, December 19, 2023. Treasury Decision 9984 contains final regulations implementing statutory safe harbor rules that protect persons required to file information returns or to furnish payee statements from penalties under the Internal Revenue Code for failure to file correct information returns or furnish correct payee statements.

Key Dates

Citation: 89 FR 20317

This correction is effective on March 22, 2024 and applicable beginning December 19, 2023.

Public Participation

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In Plain English

What is this Federal Register notice?

This is a final rule published in the Federal Register by Treasury Department, Internal Revenue Service. Final rules have completed the public comment process and establish legally binding requirements.

Is this rule final?

Yes. This rule has been finalized. It has completed the notice-and-comment process required under the Administrative Procedure Act.

Who does this apply to?

Final rule; correction.

When does it take effect?

This document has been effective since March 22, 2024.

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Document Details

Document Number	2024-05639
FR Citation	89 FR 20317
Type	Final Rule
Published	Mar 22, 2024
Effective Date	Mar 22, 2024
RIN	1545-BN59
Docket ID	TD 9984
Pages	20317–20318 (2 pages)
Text Fetched	Yes

Agencies & CFR References

Agency Hierarchy:

Treasury Department→Internal Revenue Service

CFR References:

26 CFR 301

Linked CFR Parts

Part	Name	Agency
26 CFR 301	-...	-

Paired Documents

Type	Proposed	Final	Method	Conf
No paired documents

External Links

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▼ Full Document Text (342 words · ~2 min read)

Text Preserved

<RULE>
 
 DEPARTMENT OF THE TREASURY 
 <SUBAGY>Internal Revenue Service</SUBAGY>
 <CFR>26 CFR Part 301</CFR>
 <DEPDOC>[TD 9984]</DEPDOC>
 <RIN>RIN 1545-BN59</RIN>
 <SUBJECT>De Minimis Error Safe Harbor Exceptions to Penalties for Failure To File Correct Information Returns or Furnish Correct Payee Statements; Correction</SUBJECT>
 
 <HD SOURCE="HED">AGENCY:</HD>
 Internal Revenue Service (IRS), Treasury. 
 
 
 <HD SOURCE="HED">ACTION:</HD>
 Final rule; correction. 
 
 <SUM>
 <HD SOURCE="HED">SUMMARY:</HD>
 
 This document contains a correction to the final regulations (Treasury Decision 9984) published in the 
 <E T="04">Federal Register</E>
 on Tuesday, December 19, 2023. Treasury Decision 9984 contains final regulations implementing statutory safe harbor rules that protect persons required to file information returns or to furnish payee statements from penalties under the Internal Revenue Code for failure to file correct information returns or furnish correct payee statements.
 
 </SUM>
 <EFFDATE>
 <HD SOURCE="HED">DATES:</HD>
 This correction is effective on March 22, 2024 and applicable beginning December 19, 2023. 
 </EFFDATE>
 <FURINF>
 <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
 Alexander Wu at (202) 317-6845 (not a toll-free number). 
 </FURINF>
 
 <SUPLINF>
 <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
 
 <HD SOURCE="HD1">Background</HD>
 
 The final regulations (TD 9984) subject to this correction are issued under section 6045(g), 6721, 6722, and 6724 of the Internal Revenue Code.
 
 
 On January 30, 2024, the Office of the Federal Register published a rule to correct an error that appeared in the most recent annual revision of the Code of Federal Regulations (89 FR 5768). The CFR correction amended § 301.6721-1 of Title 26 of the Code of Federal Regulations, Parts 300 to 499, revised as of April 1, 2023, by reinstating paragraph (b)(6), which was mistakenly omitted. 
 <HD SOURCE="HD2">Correction to Publication</HD>
 <REGTEXT TITLE="26" PART="301">
 
 Accordingly, in FR Doc. 2023-27283 (TD 9984) beginning on page 87696 in the 
 <E T="04">Federal Register</E>
 of Tuesday, December 19, 2023, the following correction is made:
 
 </REGTEXT>
 <SECTION>
 <SECTNO>§ 301.6721-1</SECTNO>
 <SUBJECT>[Corrected]</SUBJECT>
 </SECTION>
 <REGTEXT TITLE="26" PART="301">
 1. On page 87701, in the first column, amendatory instruction Par. 5, sub-instruction 4, “Adding paragraph (b)(6);” is corrected to read “Revising paragraph (b)(6);”. 
 </REGTEXT>
 <SIG>
 <NAME>Oluwafunmilayo A. Taylor,</NAME>
 Section Chief, Publications and Regulations Section, Associate Chief Counsel, (Procedure and Administration). 
 </SIG>
 </SUPLINF>
 <FRDOC>[FR Doc. 2024-05639 Filed 3-21-24; 8:45 am]</FRDOC>
 </RULE>
						

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