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Information Reporting for Payments Made in Settlement of Payment Card and Third Party Network Transactions; Correction

---
identifier: "/us/fr/E9-30551"
source: "fr"
legal_status: "authoritative_unofficial"
title: "Information Reporting for Payments Made in Settlement of Payment Card and Third Party Network Transactions; Correction"
title_number: 0
title_name: "Federal Register"
section_number: "E9-30551"
section_name: "Information Reporting for Payments Made in Settlement of Payment Card and Third Party Network Transactions; Correction"
positive_law: false
currency: "2009-12-23"
last_updated: "2009-12-23"
format_version: "1.1.0"
generator: "[email protected]"
agency: "Treasury Department"
document_number: "E9-30551"
document_type: "proposed_rule"
publication_date: "2009-12-23"
agencies:
  - "Treasury Department"
  - "Internal Revenue Service"
cfr_references:
  - "26 CFR Part 1"
  - "26 CFR Part 31"
rin: "1545-BI51"
fr_citation: "74 FR 68208"
fr_volume: 74
docket_ids:
  - "REG-139255-08"
fr_action: "Correction to a notice of proposed rulemaking."
---

#  [Corrected]

**AGENCY:**

Internal Revenue Service (IRS), Treasury.

**ACTION:**

Correction to a notice of proposed rulemaking.

**SUMMARY:**

This document contains corrections to a notice of proposed rulemaking (REG-139255-08) that were published in the *Federal Register* on Tuesday, November 24, 2009 (74 FR 61294) relating to information reporting requirements, information reporting penalties, and backup withholding requirements for payment card and third party network transactions.

**FOR FURTHER INFORMATION CONTACT:**

Barbara Pettoni, (202) 622-4910 (not a toll-free number).

**SUPPLEMENTARY INFORMATION:**

**Background**

A notice of proposed rulemaking (REG-139255-08) that is the subject of this document is under sections 3406, 6041, 6050W, and 6051 of the Internal Revenue Code.

**Need for Correction**

As published, a notice of proposed rulemaking (REG-139255-08) contains errors that may prove to be misleading and are in need of clarification.

**Correction of Publication**

Accordingly, the publication of a notice of proposed rulemaking (REG-139255-08), which was the subject of FR Doc. E9-28076, is corrected as follows:

§ 1.6050W-1

1. On page 61302, column 3, paragraph (e) *Example 3.,* lines 1 through 3, the language “ *Example 3. Automated clearinghouse network.* A operates an automated clearinghouse (“ACH”) network that merely” is corrected to read “ *Example 3. Automated clearing house network.* A operates an automated clearing house (“ACH”) network that merely”.

§ 31.3406-0

2. On page 61304, column 2, in the instructional paragraphs, first entry of Paragraph 5, the language “1. Entries for § 31.3406(b)(3)-5(a) and (b) are added.” is corrected to read “1. Entries for § 31.3406(b)(3)-5(a), (b) and (c) are added.”.

§ 31.3406(b)(3)-5

3. On page 61304, column 2, at the bottom of the column, paragraph (c) “Effective/applicability date.” is added.

LaNita Van Dyke,

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