[Federal Register Volume 67, Number 53 (Tuesday, March 19, 2002)]
[Rules and Regulations]
[Page 12471]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-6476]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 8981]
RIN 1545-BA40


Disallowance of Deductions and Credits for Failure To File Timely 
Return; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to temporary regulations.

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SUMMARY: This document contains a correction to temporary regulations 
that were published in the Federal Register on Thursday, January 29, 
2002 (67 FR 4173) relating to the disallowance of deductions and 
credits for nonresident alien individuals and foreign corporations that 
fail to file a timely U.S. income tax return.

DATES: This correction is effective January 29, 2002.

FOR FURTHER INFORMATION CONTACT: Nina E. Chowdhry, (202) 622-3880 (not 
a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final and temporary regulations that are the subject of this 
correction is under sections 874 and 882 of the Internal Revenue Code.

Need for Correction

    As published, the TD 8981 contains an error that may prove to be 
misleading and is in need of clarification.

Correction of Publication

    Accordingly, the publication of TD 8981, that was the subject of FR 
Doc. 02-2044, is corrected as follows:


Sec. 1.874-1T  [Corrected]

    On page 4175, column 1, Sec. 1.874-1T(b)(3), Example 1., line 28, 
the language ``paragraph Sec. 1.874-1(a) from claiming any'' is 
corrected to read ``Sec. 1.874-1(a) from claiming any''.

Cynthia E. Grigsby,
Chief, Regulations Unit, Associate Chief Counsel, (Income Tax and 
Accounting).
[FR Doc. 02-6476 Filed 3-18-02; 8:45 am]
BILLING CODE 4830-01-P