Announcement 2014-25 - Announcement 2014–25

Announcement 2014–25

Designation of Payor to Perform Acts Required of an Employer; Correction

AGENCY:

Internal Revenue Service (IRS), Treasury.

ACTION:

Correcting amendment.

SUMMARY:

This document contains corrections to final regulations (TD 9662) that were published in the Federal Register on Monday, March 31, 2014 (79 FR 17860) relating to section 3504 of the Internal Revenue Code (Code) providing circumstances under which a person (payor) is designated to perform the acts required of an employer and is liable for employment taxes with respect to wages or compensation paid by the payor to individuals performing services for the payor’s client pursuant to a service agreement between the payor and the client.

DATES: This correction is effective on June 2, 2014 and is applicable March 31, 2014.

FOR FURTHER INFORMATION CONTACT: Jeanne Royal Singley at (202) 317-6798 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

The final regulations that are subject of this document are under section 3504 of the Internal Revenue Code.

Need for Correction

As published, final regulations (TD 9662) contain errors that may prove to be misleading and are in need of clarification.

Correction of Publication

Accordingly, 26 CFR part 31 is corrected by making the following correcting amendments:

PART 31—EMPLOYMENT TAXES AND COLLECTION OF INCOME TAX AT THE SOURCE

Paragraph 1. The authority citation for part 31 continues to read in part as follows:

Authority: 26 U.S.C. 7805 * * *

§ 31.3504–2 [Corrected]

Par. 2. In § 31.3504–2, paragraph (e)(9)Example 9. the language “Corporation U” is removed and the language “Corporation V” is added in its place. d

Martin V. Franks Chief, Publications and Regulations Branch,

Legal Processing Division,

Associate Chief Counsel

(Procedure and Administration).

Note

(Filed by the Office of the Federal Register on May 30, 2014, 8:45 a.m., and published in the issue of the Federal Register for June 2, 2014, 79 F.R. 31219)