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Clarification.


In the February February: see month.  2003 issue, the article "Tax Shelter tax shelter: see tax exemption.  Temp. Regs. (Part I)," contained an exhibit on p. 88. Part of the text was cut off due to a printing error.

In the "Disclosure" column, under "Category," item 6 should have read:

"Transactions involving a brief asset-holding period reasonably expected to result in a tax credit exceeding $250,000."

In the "Registration" column, under "Exceptions," the "Note:" should have read:

"Discussing person (including TP) may be obligated ob·li·gate  
tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates
1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force.

2. To cause to be grateful or indebted; oblige.
 to register (or decline to participate within 90 days of commencing discussions)if only foreign promoters PROMOTERS. In the English law, are those who in popular or penal actions prosecute in. their own names and the king's, having part of the fines and penalties.  and they do not register."

A complete version of the exhibit appears on our website. To log on, please follow the directions contained in the lower left-hand corner of p. 181, this issue.

Albert B. Ellentuck, Esq. Of Counsel King & Nordlinger, L.L.P. Potomac, MD
COPYRIGHT 2003 American Institute of CPA's
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:The Tax Adviser
Date:Apr 1, 2003
Words:139
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