[Federal Register Volume 66, Number 57 (Friday, March 23, 2001)]
[Rules and Regulations]
[Page 16126]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-7165]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 8916]
RIN 1545-AY29


Application of Section 904 to Income Subject to Separate 
Limitations and Section 864(e) Affiliated Group Expense Allocation and 
Apportionment Rules; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final and temporary regulations.

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SUMMARY: This document contains corrections to final and temporary 
regulations that were published in the Federal Register on Wednesday, 
January 3, 2001 (66 FR 268) relating to the section 864(e)(5) and (6) 
rules on affiliated group interest and other expense allocation and 
other expense allocation and apportionment and to the section 904(d) 
foreign tax credit limitation.

DATES: This correction is effective January 3, 2001.

FOR FURTHER INFORMATION CONTACT: Bethany A. Ingwalson (202) 622-3850 
(not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final and temporary regulations that are the subject of these 
corrections are under section 864 and 904 of the Internal Revenue Code.

Need for Correction

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

Correction of Publication

    Accordingly, the publication of the final and temporary regulations 
(TD 8916), that were the subject of FR Doc. 00-32477, is corrected as 
follows:
    1. On page 268, column 3, in the preamble in the caption DATES 
under the ``Applicability Dates:'' paragraph heading, first full 
paragraph, line 6 and 7, the language ``9(h)(5)(i) and (ii), 
Sec. 1.861-11(d)(8), and Sec. 1.861-14(d)(1), (d)(2)(i), and 
(d)(2)(ii)'' is corrected to read ``9(h)(5)(iii), Sec. 1.861-
11(d)(2)(iv) and (d)(7), and Sec. 1.861-14(d)(1) and (d)(2)(iii)''.


Sec. 1.904-4  [Corrected]

    2. On page 276, column 3, Sec. 1.904-4, paragraph (g)(3)(ii)(C), 
line 6, the language ``determination whether a distribution'' is 
corrected to read ``determination of whether a distribution''.

Cynthia E. Grigsby,
Chief, Regulations Unit, Office of Special Counsel (Modernization and 
Strategic Planning).
[FR Doc. 01-7165 Filed 3-22-01; 8:45 am]
BILLING CODE 4830-01-P