[Federal Register Volume 64, Number 210 (Monday, November 1, 1999)]
[Rules and Regulations]
[Page 58782]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-28037]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Parts 1 and 301

[TD 8827]


Removal of Regulations Providing Guidance Under Subpart F, 
Relating to Partnerships and Branches; Correction

AGENCY: Internal Revenue Service, Treasury.

ACTION: Correction of temporary and final regulations.

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SUMMARY: This document contains corrections to the temporary and final 
regulations (TD 8827), which were published in the Federal Register on 
Tuesday, July 13, 1999, (64 FR 37677). The regulations relate to the 
treatment under subpart F of certain payments involving branches of a 
controlled foreign corporation that are treated as separate entities 
for foreign tax purposes or partnerships in which CFC's are partners.

DATES: These corrections are effective July 13, 1999.

FOR FURTHER INFORMATION CONTACT: Valerie Mark, (202) 622-3840 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The temporary and final regulations that are the subject of these 
corrections are under sections 904, 954, and 7701.

Need for Correction

    As published, the temporary and final regulations (TD 8827) contain 
errors that may prove to be misleading and are in need of 
clarification.

Correction of Publication

    Accordingly, the publication of the temporary and final regulations 
(TD 8827), which are the subject of FR Doc. 99-17369, is corrected as 
follows:


Sec. 1.904-5  [Corrected]

    1. On page 37677, column 3, amendatory instructions ``Par. 2.'', 
last line, the language ``amended by removing the last sentence'' is 
corrected to read ``amended by removing the last two sentences''.
    2. On page 37678, column 1, amendatory instruction ``Par. 7.'', the 
language ``Par. 7.'' is corrected to read ``Par. 6.''.
    3. On page 37678, column 1, amendatory instruction ``Par. 9.'', the 
language ``Par. 9.'' is corrected to read ``Par. 7.''.
    4. On page 37678, column 1, amendatory instruction ``Par. 10.'', 
the language ``Par. 10.'' is corrected to read ``Par. 8.''.


Sec. 301.7701-3  [Corrected]

    5. On page 37678, column 1, the amendatory instruction for ``Par. 
11.'' is corrected to read as follows:
    Par. 9. In Sec. 301.7701-3, the last two sentences in paragraph 
(f)(1) are removed.
    6. On page 37678, column 1, amendatory instruction ``Par. 12.'', 
the language ``Par. 12.'' is corrected to read ``Par. 10.''.
Cynthia E. Grigsby,
Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 99-28037 Filed 10-29-99; 8:45 am]
BILLING CODE 4830-01-U