Part IV. Items of General Interest

Specified Tax Return Preparers Required To File Individual Income Tax Returns Using Magnetic Media; Correction

Announcement 2011–31

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final regulations.

SUMMARY: This document describes a correction to final regulations (T.D. 9518, 2011–17 I.R.B. 710) that were published in the Federal Register on Wednesday, March 30, 2011 (76 FR 17521) providing guidance to specified tax return preparers who prepare and file individual income tax returns using magnetic media pursuant to section 6011(e)(3) of the Internal Revenue Code.

DATES: This correction is effective on April 22, 2011, and is applicable to individual income tax returns filed after December 31, 2010.

FOR FURTHER INFORMATION CONTACT: Keith L. Brau, (202) 622–4940 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

The final regulations that are the subject of this correction are under section 6011 of the Internal Revenue Code.

Need for Correction

As published, final regulations (T.D. 9518) contain an error that may prove to be misleading and is in need of clarification.

Correction of Publication

Accordingly, the publication of the final regulations (T.D. 9518) which were the subject of FR Doc. 2011–7571 is corrected as follows:

On page 17528, column 2, under CFR Part Heading “PART 301—PROCEDURE AND ADMINISTRATION”, the language “Par. 4. The authority citation for part 301 is amended by adding an entries in numerical order to read, in part, as follows:” is corrected to read “Par. 4. The authority citation for part 301 is amended by adding entries in numerical order to read, in part, as follows:”.

LaNita Van Dyke, Chief, Publications and

Regulations Branch, Legal Processing Division,

Associate Chief Counsel (Procedure and Administration).

(Filed by the Office of the Federal Register on April 21, 2011, 8:45 a.m., and published in the issue of the Federal Register for April 22, 2011, 76 F.R. 22611)

Correction to Nonacquiescence in Robinson Knife Manufacturing Company and Subsidiaries v. Commissioner, 600 F. 3d 121 (2d Cir. 2010), rev’g T.C. Memo 2009–9

Announcement 2011–32

This document contains corrections to the action on decision nonacquiescing in the decision in Robinson Knife Manufacturing Company and Subsidiaries v. Commissioner, 600 F. 3d 121 (2d Cir. 2010), rev’g T.C. Memo 2009–9, published in 2011–9 I.R.B. Footnote 1 summarizing the Commissioner’s nonacquiescence is corrected to read as follows:

Nonacquiesces to the court’s holding that the sales-based royalties the taxpayer paid for the right to use trademarks on the kitchen tools that it manufactures and sells are not production costs allocable to property produced within the meaning of Treas. Reg. § 1.263A–1(e) and are deductible under § 162 of the Internal Revenue Code.

The principal author of this announcement is John Roman Faron of the Office of Associate Chief Counsel (Income Tax and Accounting). For further information regarding this announcement, contact Mr. Faron at (202) 622–4930 (not a toll-free call).

2011–22 I.R.B. 836 May 31, 2011