Recapture of Excess Employment Tax Credits Under the American Relief Plan Act of 2021; Correction
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Abstract
This document contains corrections to a temporary regulation (TD 9953) that was published in the Federal Register on September 10, 2021. These temporary regulations authorize the assessment of any erroneous refund of the tax credits paid under sections 3131, 3132 (including any increases in those credits under section 3133), and 3134 of the Code.
Full Text
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<title>Federal Register, Volume 88 Issue 46 (Thursday, March 9, 2023)</title>
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[Federal Register Volume 88, Number 46 (Thursday, March 9, 2023)]
[Rules and Regulations]
[Page 14490]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-04828]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 31
[TD 9953]
RIN 1545-BQ09
Recapture of Excess Employment Tax Credits Under the American
Relief Plan Act of 2021; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Temporary regulations; correcting amendments.
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SUMMARY: This document contains corrections to a temporary regulation
(TD 9953) that was published in the Federal Register on September 10,
2021. These temporary regulations authorize the assessment of any
erroneous refund of the tax credits paid under sections 3131, 3132
(including any increases in those credits under section 3133), and 3134
of the Code.
DATES: These corrections are effective on March 9, 2023 and applicable
on September 10, 2021.
FOR FURTHER INFORMATION CONTACT: Concerning the regulations, NaLee
Park, at (202) 317-6798 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The temporary regulations (TD 9953) that are the subject of these
corrections are under sections 3131, 3132, and 3134 of the Internal
Revenue Code.
List of Subjects in 26 CFR Part 31
Employment taxes, Income taxes, Penalties, Pensions, Railroad
retirement, Reporting and recordkeeping requirements, Social security,
Unemployment compensation.
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 SOURCE
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1. The authority citation for part 31 continues to read in part as
follows:
Authority: 26 U.S.C. 7805.
Sec. Sec. 31.3131-1T(c), 31.3132-1T(c), 31.3134-1T(c) [Amended]
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2. Sections 31.3131-1T(c), 31.3132-1T(c), and 31.3134-1T(c) are amended
by removing the language ``3121(a)'' and adding the language
``3221(a)'' in its place.
Oluwafunmilayo A. Taylor,
Branch Chief, Legal Processing Division, Associate Chief Counsel,
(Procedure and Administration).
[FR Doc. 2023-04828 Filed 3-8-23; 8:45 am]
BILLING CODE 4830-01-P
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