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Limitation on Use of the Nonaccrual-Experience Method of Accounting Under Section 448(d)(5); Correction

---
identifier: "/us/fr/03-27864"
source: "fr"
legal_status: "authoritative_unofficial"
title: "Limitation on Use of the Nonaccrual-Experience Method of Accounting Under Section 448(d)(5); Correction"
title_number: 0
title_name: "Federal Register"
section_number: "03-27864"
section_name: "Limitation on Use of the Nonaccrual-Experience Method of Accounting Under Section 448(d)(5); Correction"
positive_law: false
currency: "2003-11-05"
last_updated: "2003-11-05"
format_version: "1.1.0"
generator: "[email protected]"
agency: "Treasury Department"
document_number: "03-27864"
document_type: "rule"
publication_date: "2003-11-05"
agencies:
  - "Treasury Department"
  - "Internal Revenue Service"
cfr_references:
  - "26 CFR Part 1"
rin: "1545-BC31"
fr_citation: "68 FR 62516"
fr_volume: 68
docket_ids:
  - "TD 9090"
effective_date: "2003-09-04"
fr_action: "Correction to temporary regulations."
---

#  [Corrected]

**AGENCY:**

Internal Revenue Service (IRS), Treasury.

**ACTION:**

Correction to temporary regulations.

**SUMMARY:**

This document contains corrections to temporary regulations that were published in the *Federal Register* on September 4, 2003 (68 FR 52496) that revises temporary income tax regulations providing guidance regarding the use of a nonaccrual-experience method of accounting by taxpayers using an accrual method of accounting and performing services.

**DATES:**

This correction is effective September 4, 2003.

**FOR FURTHER INFORMATION CONTACT:**

Terrance McWhorter (202) 622-4970 (not a toll free number).

**SUPPLEMENTARY INFORMATION:**

**Background**

These temporary regulations that are the subject of these corrections are under section 448 of the Internal Revenue Code.

**Need for Correction**

As published, this temporary regulation (TD 9090) contain errors that may prove to be misleading and are in need of clarification.

**26 CFR Part 1**

**Correction of Publication**

Accordingly, the publication of temporary regulations (TD 9090), which were the subject of FR Doc. 03-22458, is corrected as follows:

§ 1.448-2T

1. On page 52502, column 3, § 1.448-2T(e)(6)(iv), second to last line of the paragraph, the language “self-test), as applicable, of this section” is corrected to read “self test, as applicable,''.

**26 CFR Part 1**

2. On page 52503, column 1, § 1.448-2T (e)(6)(vii), in the paragraph heading, the language *“Recapture—* (1) *In general.”* is corrected to read *“Recapture.”*

Cynthia E. Grigsby,

Acting Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration).