Information Reporting for Qualified Tuition and Related Expenses; Magnetic Media Filing Requirements for Information Returns; Correction

---
identifier: "/us/fr/03-3092"
source: "fr"
legal_status: "authoritative_unofficial"
title: "Information Reporting for Qualified Tuition and Related Expenses; Magnetic Media Filing Requirements for Information Returns; Correction"
title_number: 0
title_name: "Federal Register"
section_number: "03-3092"
section_name: "Information Reporting for Qualified Tuition and Related Expenses; Magnetic Media Filing Requirements for Information Returns; Correction"
positive_law: false
currency: "2003-02-07"
last_updated: "2003-02-07"
format_version: "1.1.0"
generator: "[email protected]"
agency: "Treasury Department"
document_number: "03-3092"
document_type: "rule"
publication_date: "2003-02-07"
agencies:
  - "Treasury Department"
  - "Internal Revenue Service"
cfr_references:
  - "26 CFR Part 1"
rin: "1545-BA43"
fr_citation: "68 FR 6350"
fr_volume: 68
docket_ids:
  - "TD 9029"
effective_date: "2002-12-19"
fr_action: "Correction to final regulations."
---


#  [Corrected]

**AGENCY:**

Internal Revenue Service (IRS), Treasury.

**ACTION:**

Correction to final regulations.

**SUMMARY:**

This document contains a correction to final regulations that were published in the *Federal Register* on Thursday, December 19, 2002 (67 FR 77678), relating to the information reporting requirements for qualified tuition and related expenses under section 6050S of the Internal Revenue Code.

**DATES:**

This correction is effective December 19, 2002.

**FOR FURTHER INFORMATION CONTACT:**

Tonya Christianson (202) 622-4910 (not a toll-free number).

**SUPPLEMENTARY INFORMATION:**

**Background**

The final regulations that are the subject of this correction are under section 6050S of the Internal Revenue Code.

**Need for Correction**

As published, these final regulations contain an error that may prove to be misleading and is in need of clarification.

**26 CFR Part 1**

**Correction of Publication**

Accordingly, the publication of final regulations (TD 9029), that were the subject of FR Doc. 02-31915, is corrected as follows:

§ 1.6050S-1

On page 77684, column 1, § 1.6050S-1(b)(2)(vii), *Example 4.* , line 7 from the bottom of paragraph (i), the language “expenses $6,000 for room and board for the” is corrected to read “expenses and $6,000 for room and board for the”.

Cynthia E. Grigsby,

Chief, Regulations Unit, Associate Chief Counsel (Procedure and Administration).