Type:Rule
Citation:90 FR 1868
Reading Time:less than a minute
The Treasury Department and the Internal Revenue Service have issued a correction to a rule originally published in December 2024. This correction changes a section number on a specific page to the correct format. The updated section should read "§ 1.1001-3" instead of the incorrect version. This notice was formally filed on January 8, 2025, and is documented under the number C1-2024-30267.
Simple Explanation
The Treasury Department and the IRS fixed a tiny mistake in a rule they made. They changed a wrong number to the right one so everything is clear and correct.