[Federal Register Volume 62, Number 12 (Friday, January 17, 1997)]
[Proposed Rules]
[Page 2633]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-1127]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-251520-96]
RIN 1545-AU70


Classification of Certain Transactions Involving Computer 
Programs; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice of proposed rulemaking.

-----------------------------------------------------------------------

SUMMARY: This document contains corrections to the notice of proposed 
rulemaking (REG-251520-96) which was published in the Federal Register 
on Wednesday, November 13, 1996 (61 FR 58152).
    The notice of proposed rulemaking relates to the tax treatment of 
certain transactions involving the transfer of computer programs.

FOR FURTHER INFORMATION CONTACT: William H. Morris (202) 622-3880 (not 
a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The notice of proposed rulemaking that is subject to these 
corrections is under section 861 of the Internal Revenue Code.

Need for Correction

    As published, the notice of proposed rulemaking (REG-251520-96) 
contains errors that may prove to be misleading and is in need of 
clarification.

Correction of Publication

    Accordingly, the publication of proposed rulemaking (REG-251520-96) 
which is the subject of FR Doc. 96-29055 is corrected as follows:


Sec. 1.861-18  [Corrected]

    1. On page 58157, column 2, Sec. 1.861-18, paragraph (h), paragraph 
(ii)(B) of Example 10., line 2, the language ``circumstances, P is 
properly treated as the'' is corrected to read ``circumstances, Corp E 
is properly treated as the''.
    2. On page 58157, column 2, Sec. 1.861-18, paragraph (h), paragraph 
(i) of Example 12., line 8, the language ``fee, Corp C receives the 
right to receive'' is corrected to read ``fee, Corp E receives the 
right to receive''.
Cynthia E. Grigsby,
Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 97-1127 Filed 1-16-97; 8:45 am]
BILLING CODE 4830-01-U