# [Corrected]
**AGENCY:**
Internal Revenue Service (IRS), Treasury.
**ACTION:**
Correcting amendment.
**SUMMARY:**
This document contains corrections to final regulations (TD 9719) that were published in the *Federal Register* on May 8, 2015 (80 FR 26437). The final regulations amend the treatment of nonperiodic payments made or received pursuant to certain notional principal contracts.
**DATES:**
This correction is effective on June 15, 2015 and applicable May 8, 2015.
**FOR FURTHER INFORMATION CONTACT:**
Alexa T. Dubert at (202) 317-6895 (not a toll free number).
**SUPPLEMENTARY INFORMATION:**
**Background**
The final regulations (TD 9719) that are the subject of this correction is under section 446 of the Internal Revenue Code.
**Need for Correction**
As published, the final regulations (TD 9719) contain an error that may prove to be misleading and is in need of clarification.
**List of Subjects in 26 CFR Part 1**
Income taxes, Reporting and recordkeeping requirements.
**Correction of Publication**
**26 CFR Part 1**
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 continues to read in part as follows:
**Authority:**
26 U.S.C. 7805 * * *
§ 1.446-3
**26 CFR Part 1**
*Par. 2.* Section 1.446-3 is amended by removing paragraph (k).
Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration).