Passthrough of Items of an S Corporation to Its Shareholders; Correction

---
identifier: "/us/fr/00-6693"
source: "fr"
legal_status: "authoritative_unofficial"
title: "Passthrough of Items of an S Corporation to Its Shareholders; Correction"
title_number: 0
title_name: "Federal Register"
section_number: "00-6693"
section_name: "Passthrough of Items of an S Corporation to Its Shareholders; Correction"
positive_law: false
currency: "2000-03-28"
last_updated: "2000-03-28"
format_version: "1.1.0"
generator: "[email protected]"
agency: "Treasury Department"
document_number: "00-6693"
document_type: "rule"
publication_date: "2000-03-28"
agencies:
  - "Treasury Department"
  - "Internal Revenue Service"
cfr_references:
  - "26 CFR Part 1"
rin: "1545-AT52"
fr_citation: "65 FR 16318"
fr_volume: 65
docket_ids:
  - "TD 8852"
effective_date: "1999-12-22"
fr_action: "Correction of Correction to final regulations."
---


#  [Corrected]

**AGENCY:**

Internal Revenue Service (IRS), Treasury.

**ACTION:**

Correction of Correction to final regulations.

**SUMMARY:**

This document contains a correction to a correction to final regulations which was published in the *Federal Register* on Thursday, March 9, 2000 (65 FR 12471), relating to the passthrough of items of an S corporation to its shareholders, the adjustments to the basis of stock of the shareholders,  and the treatment of distributions by an S corporation.

**DATES:**

This correction is effective December 22, 1999.

**FOR FURTHER INFORMATION CONTACT:**

Martin Schaffer, Deane Burke, or David Shulman at (202) 622-3070, or Brenda Stewart at (202) 622-3120 (not toll-free numbers).

**SUPPLEMENTARY INFORMATION:**

**Background**

The correction to final regulations that are subject to this correction is under sections 1366, 1367, and 1368 of the Internal Revenue Code.

**Need for Correction**

As published, the correction to final regulations (TD 8852) contains a typographical error that may prove to be misleading and is in need of clarification.

**26 CFR Part 1**

**Correction of Publication**

Accordingly, the publication of the correction of the final regulations (TD 8852), which was the subject of FR Doc. 00-5244, is corrected as follows:

§ 1.1367-1

1. On page 12471, third column, the penultimate line of the correction for § 1.1367-1, the reference “§ 1.1377(b)(1)” is corrected to read “§ 1.1377-1(b)(1)”.

Dale D. Goode,

Federal Register     Liaison, Assistant Chief Counsel (Corporate).