Part IV. Items of General Interest

IRS to Discontinue TeleFile

Announcement 2005–26

Summary Paragraph:

The IRS will discontinue its TeleFile program after August 16, 2005. TeleFile allows taxpayers to file Forms 1040EZ, 4868, and 941 by telephone. Decline in use for most forms, coupled with increasing costs to maintain the system, led to the decision.

Announcement:

IRS to Discontinue TeleFile

The IRS will discontinue its TeleFile program after August 16, 2005. TeleFile allows taxpayers to file Forms 1040EZ, 4868, and 941 by telephone. The program’s end date will permit taxpayers to TeleFile:

through July 31. Taxpayers who have electronically paid all taxes due by July 31 are granted an extension to TeleFile through Aug. 10 (Aug. 11 in Hawaii).

TeleFile rolled out nationally in 1997 for single Form 1040EZ filers. TeleFile was later expanded to allow the filing of selected Forms 1040EZ, Forms 941, 4868 and individual tax returns for eight states.

Despite its initial success, the program has since experienced a decline in use for most forms as other electronic filing alternatives have become available. This, coupled with increasing costs to maintain the TeleFile infrastructure, led the IRS to decide to discontinue the program.

In its place, IRS offers a number of electronic filing alternatives. More information on e-filing options is available by visiting www.irs.gov and clicking on the e-file logo.

Economic Performance Requirement; Correction

Announcement 2005–28

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting amendment.

SUMMARY: This document contains a correction to T.D. 8408, 1992–1 C.B. 155, which was published in the Federal Reg- ister on Friday, April 10, 1992 (57 FR 12411) relating to the requirement that economic performance occur in order for an amount to be incurred with respect to any item of a taxpayer using an accrual method of accounting.

DATES: This correction is effective April 10, 1992.

FOR FURTHER INFORMATION CONTACT: Robert M. Casey, (202) 622–4950 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

The final regulation (T.D. 8408) that is the subject of this correction is under section 461 of the Internal Revenue Code.

Need for Correction

As published, T.D. 8408, contains an error that may prove to be misleading and is in need of clarification.

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Correction of Publication

Accordingly, 26 CFR Part 1 is corrected by making the following correcting amendment:

PART 1 — INCOME TAXES

Paragraph 1. The authority citation for part 1 continues to read in part as follows:

Authority: 26 USC 7805 * * *

§1.461–4 [Corrected]

Par. 2. Section 1.461–4(d)(4)(i) is amended by revising the first sentence to read as follows:

§1.461–4 Economic performance.

• • • • (d) - * (4) - - *(i) In general . Except as otherwise provided in paragraph (d)(5) of this section, if the liability of a taxpayer requires the taxpayer to provide services or property to another person, economic performance occurs as the taxpayer incurs costs (within the meaning of §1.446–1(c)(1)(ii)) in connection with the satisfaction of the liability. - * *

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Cynthia Grigsby, Acting Chief, Publications

and Regulations Branch, Legal Processing Division,

Associate Chief Counsel (Procedure and Administration) .

(Filed by the Office of the Federal Register on July 26, 2004, 8:45 a.m., and published in the issue of the Federal Register for July 27, 2004, 69 F.R. 44596)

Required Distributions From Retirement Plans; Correction

Announcement 2005–29

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting amendment.

SUMMARY: This document contains corrections to final regulations (T.D. 9130, 2004–26 I.R.B. 1082) which were published in the Federal Register on Tuesday, June 15, 2004 (69 FR 33288). These final regulations relate to the required minimum distributions under section 401(a)(9) for defined benefit plans and annuity contracts providing benefits under qualified plans, individual retirement plans, and section 403(b) contracts.

DATES: This correction is effective June 15, 2004.

FOR FURTHER INFORMATION CONTACT: Cathy Vohs at (202) 622–6090 (not a toll-free number).

2005–17 I.R.B. 969 April 25, 2005

SUPPLEMENTARY INFORMATION:

Background

The final regulations (T.D. 9130) that are the subject of these corrections are under sections 401 and 403 of the Internal Revenue Code.

Need for Correction

As published, TD 9130 contains errors that may prove to be misleading and are in need of clarification.

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Correction of Publication

Accordingly, 26 CFR Part 1 is corrected by making the following correcting amendments:

PART 1 — INCOME TAXES

Paragraph 1. The authority citation for part 1 continues to read in part as follows:

Authority: 26 USC 7805 * * *

§1.401(a)(9)–6 [Corrected]

1. Section 1.401(a)(9)–6(c)(3) of A–2, in the Example ., fifth sentence, the language, “In this case, Z is 30 years older than Y and is commencing benefit 5 years before attaining age 70 so the adjusted employee-beneficiary age difference is 25 years.” is removed and the language “In this case, Z is 30 years older than Y and is commencing benefit 4 years before attaining age 70 so the adjusted employee-beneficiary age difference is 26 years.” is added in its place.

2. Section 1.401(a)(9)–6(c)(3) of A–2, in the Example ., sixth sentence, the language, “Under the table in paragraph (c)(2) of this A–2, the applicable percentage for a 25-year adjusted employee/beneficiary age difference is 66 percent.” is removed and the language “Under the table in the paragraph (c)(2) of this A–2, the applicable percentage for a 26-year adjusted

employee/beneficiary age difference is 64 percent.” is added in its place.

3. Section 1.401(a)(9)–6(c)(2) of A–12 is amended by removing “A–14” and adding “A–12” in its place.”

4. Section 1.401(a)(9)–6(d) Example 1 . (vii) of A–13 is amended by removing the language “under paragraph (c)(1)”.

5. Section 1.401(a)(9)–6(d) Example 3 . (i) of A–13, is amended by adding a new second sentence “E was born in 1935.”.

6. Section 1.401(a)(9)–6(f) Example 8 . (ii) of A–14, last sentence of the paragraph the word “be” is removed.

Cynthia E. Grigsby, Acting Chief, Publications

and Regulations Branch, Legal Processing Division,

Associate Chief Counsel (Procedure and Administration) .

(Filed by the Office of the Federal Register on November 22, 2004, 8:45 a.m., and published in the issue of the Federal Register for November 23, 2004, 69 F.R. 68077)

April 25, 2005 970 2005–17 I.R.B.