Search Results for keywords:"corrections"

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Search Results: keywords:"corrections"

  • Type:Rule
    Citation:86 FR 9285
    Reading Time:about 3 minutes

    The Internal Revenue Service (IRS) has issued corrections to previous regulations under section 512 of the Internal Revenue Code. These corrections address errors in the guidance on how exempt organizations subject to unrelated business income tax determine and calculate unrelated business taxable income. The corrections modify specific language in the original document to clarify the regulations. These changes are effective from February 12, 2021, and they apply to the regulations initially published on December 2, 2020.

    Simple Explanation

    The IRS fixed some small mistakes in the rules about how certain organizations should handle taxes for businesses that aren't their main job. These changes make it easier for them to know how to deal with such taxes correctly.

  • Type:Rule
    Citation:89 FR 105381
    Reading Time:about 2 minutes

    On November 27, 2024, the Federal Crop Insurance Corporation (FCIC) updated their Area Risk Protection Insurance Regulations and Common Crop Insurance Policy. They later found some mistakes in these changes, such as missing provisions and included ones that shouldn’t have been there. This document corrects those errors, especially in the Small Grains and Green Pea Crop Insurance Provisions. The corrections are effective as of December 27, 2024.

    Simple Explanation

    The rules for crop insurance were updated, but some parts were accidentally left out while others were included by mistake, so now they are fixing it to make sure everything is correct.

  • Type:Rule
    Citation:86 FR 4967
    Reading Time:less than a minute

    The Department of Homeland Security (DHS) is issuing corrections to a notice regarding temporary travel restrictions between the United States and Mexico that was initially published on December 22, 2020. The notice contained incorrect date references. Specifically, it mistakenly stated “January 21, 2020" instead of the correct date, "January 21, 2021," in two sections of the original document. These corrections ensure that the intended travel restriction dates are accurately communicated.

    Simple Explanation

    The government wrote down the wrong date by mistake when telling people about how long they couldn't travel between the U.S. and Mexico by land and ferries. They meant to say these travel rules started on January 21, 2021, not 2020, and are now fixing that mistake to avoid any confusion.

  • Type:Rule
    Citation:89 FR 105450
    Reading Time:about a minute or two

    The document discusses corrections to Treasury Decision 9992, which was previously published in the Federal Register. This decision provides final regulations on determining if a qualified investment entity is controlled within the U.S., addressing how qualified foreign pension funds should be treated. These corrections are effective from December 27, 2024, and aim to fix specific language in 26 CFR part 1. The document details the changes made to ensure the accurate interpretation of tax rules concerning investment control.

    Simple Explanation

    The document is about fixing some mistakes in a set of rules for deciding if an investment company is really run from the U.S., and it also talks about foreign retirement funds. These fixes help make sure the rules are clear and correct.

  • Type:Notice
    Citation:86 FR 5172
    Reading Time:about 4 minutes

    The Department of Education announced corrections to a previous notice about guidance documents it planned to rescind because they were outdated. After reviewing these documents under Executive Order 13891, it was found that 18 documents were mistakenly included in the rescission list. This notice corrects the error by removing these documents from the list. The corrections apply from January 19, 2021, and aim to ensure the accuracy of the Department's guidance documentation for the Office of Postsecondary Education.

    Simple Explanation

    The Department of Education realized they accidentally included 18 wrong documents in a list they wanted to throw away because they thought they weren't useful anymore, and now they're fixing it by keeping those 18 documents so everyone stays on the same page.