De Minimis Error Safe Harbor Exceptions to Penalties for Failure To File Correct Information Returns or Furnish Correct Payee Statements; Correction

---
identifier: "/us/fr/2024-05744"
source: "fr"
legal_status: "authoritative_unofficial"
title: "De Minimis Error Safe Harbor Exceptions to Penalties for Failure To File Correct Information Returns or Furnish Correct Payee Statements; Correction"
title_number: 0
title_name: "Federal Register"
section_number: "2024-05744"
section_name: "De Minimis Error Safe Harbor Exceptions to Penalties for Failure To File Correct Information Returns or Furnish Correct Payee Statements; Correction"
positive_law: false
currency: "2024-03-22"
last_updated: "2024-03-22"
format_version: "1.1.0"
generator: "[email protected]"
agency: "Treasury Department"
document_number: "2024-05744"
document_type: "rule"
publication_date: "2024-03-22"
agencies:
  - "Treasury Department"
  - "Internal Revenue Service"
cfr_references:
  - "26 CFR Part 301"
rin: "1545-BN59"
fr_citation: "89 FR 20317"
fr_volume: 89
docket_ids:
  - "TD 9984"
effective_date: "2024-03-22"
fr_action: "Final rule; correcting amendments."
---


#  Reasonable cause.

**AGENCY:**

Internal Revenue Service (IRS), Treasury.

**ACTION:**

Final rule; correcting amendments.

**SUMMARY:**

This document includes corrections to the final regulations (Treasury Decision 9984) published in the *Federal Register* on Tuesday, December 19, 2023. Treasury Decision 9984 contained final regulations implementing statutory safe harbor rules that protect persons required to file information returns or to furnish payee statements from penalties under the Internal Revenue Code for failure to file correct information returns or furnish correct payee statements.

**DATES:**

These corrections are effective on March 22, 2024 and applicable beginning December 19, 2023.

**FOR FURTHER INFORMATION CONTACT:**

Alexander Wu at (202) 317-6845 (not a toll-free number).

**SUPPLEMENTARY INFORMATION:**

This document corrects minor technical errors in 26 CFR 301.6721-0.

**Background**

The final regulations (TD 9984) subject to this correction are issued under section 6045(g), 6721, 6722, and 6724 of the Internal Revenue Code.

**List of Subjects in 26 CFR Part 301**

Employment taxes, Estate taxes, Excise taxes, Gift taxes, Income taxes, Penalties, Reporting and recordkeeping requirements.

**Corrections to the Regulations**

Accordingly, 26 CFR part 301 is corrected by making the following correcting amendments:

**PART 301—PROCEDURE AND ADMINISTRATION**

**26 CFR Part 301**

*Paragraph 1.* The authority citation for part 301 continues to read in part as follows:

**Authority:**

26 U.S.C. 7805.

**26 CFR Part 301**

*Par. 2.* Section 301.6721-0 is amended by revising the entries for 301.6721-1(b)(6) and 301.6724-1(o) to read as follows:

§ 301.6721-0

§ 301.6721-1

(b) * * *

(6) Application to returns not due on January 31, February 28, or March 15.

§ 301.6724-1

(o) Applicability dates.

Oluwafunmilayo A. Taylor,

Section Chief, Publications and Regulations Section, Associate Chief Counsel, (Procedure and Administration).