# [Corrected]
**AGENCY:**
Internal Revenue Service (IRS), Treasury.
**ACTION:**
Correcting amendment.
**SUMMARY:**
This document corrects temporary regulations (TD 9164) that were published in the *Federal Register* on Friday, December 17, 2004 (69 FR 75455) concerning requirements for employee stock ownership plans (ESOPs) holding stock of Subchapter S corporations.
**DATES:**
This document is effective on December 17, 2004.
**FOR FURTHER INFORMATION CONTACT:**
John T. Ricotta, (202) 622-6060 (not a toll-free number).
**SUPPLEMENTARY INFORMATION:**
**Background**
The temporary regulations (TD 9164) that is the subject of this correction are under section 409(p).
**Need for Correction**
As published, the temporary regulations (TD 9164) contain errors that may prove to be misleading and are in need of clarification.
**List of Subjects in 26 CFR Parts 1**
Income Taxes, Reporting and recordkeeping requirements.
**26 CFR Part 1**
**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 and continues to read in part as follows:
**Authority:**
26 U.S.C. 7805 * * *.
**26 CFR Part 1**
§ 1.409(p)-1T
Section 1.409(p)-1T(d)(2)(iv), is removed.
Cynthia E. Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedures and Administration).