[Federal Register Volume 67, Number 137 (Wednesday, July 17, 2002)]
[Rules and Regulations]
[Page 46855]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-17865]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 8999]
RIN 1545-AY13


Treaty Guidance Regarding Payments with Respect to Domestic 
Reverse Hybrid Entities; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final regulations.

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SUMMARY: This document contains corrections to final regulations that 
were published in the Federal Register on Wednesday, June 12, 2002 (67 
FR 40157) relating to the eligibility for treaty benefits of items of 
income paid by domestic entities.

DATES: This correction is effective June 12, 2002.

FOR FURTHER INFORMATION CONTACT: Elizabeth U. Karzon (202) 622-3880 
(not a toll-free number).

SUPPLEMENTARY INFORMATION:   

Background

    The final regulations that are the subject of these corrections is 
under section 894 of the Internal Revenue Code.

Need for Correction

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

Correction of Publication

    Accordingly, the publication of final regulations (TD 8999), that 
were the subject of FR Doc. 02-14506, is corrected as follows:

    1. On page 40159, column 1, in the preamble under the paragraph 
heading ``III. Comments and Changes to Sec. 1.894-1(d)(2)(ii)(B)(3): 
Definition of Related'', first paragraph, line 1, the language 
``constructive ownership rules of sections'' is corrected to read 
``constructive ownership rules of section''.
    2. On page 40159, column 1, in the preamble under the paragraph 
heading ``III. Comments and Changes to Sec. 1.894-1(d)(2)(ii)(B)(3): 
Definition of Related'', third paragraph, line 3, the language 
``(d)(2)(ii)(B)(ii) of the final regulations'' is corrected to read 
``(d)(2)(ii)(B)(1)(ii) of the final regulations''.
    3. On page 40159, column 2, in the preamble the paragraph heading 
``IV. Comments and Changes to Sec. 1.894-1(d)(2)(ii)(C): Commissioner's 
discretion.'' is corrected to read ``IV. Comments and Changes to 
Sec. 1.894-1(d)(2)(ii)(C): Commissioner's discretion''.
    4. On page 40159, column 2, in the preamble under the paragraph 
heading ``IV. Comments and Changes to Sec. 1.894-1(d)(2)(ii)(C): 
Commissioner's discretion, second paragraph, line 14, the language 
``following conditions are met: (1) A'' is corrected to read 
``following conditions are met: (1) a''.
    5. On page 40162, column 2, second signature block, the language 
``Assistant Secretary of the Treasury (Tax Policy).'' is corrected to 
read ``Acting Assistant Secretary of the Treasury (Tax Policy).''

Cynthia E. Grigsby,
Chief, Regulations Unit, Associate Chief Counsel, (Income Tax and 
Accounting).
[FR Doc. 02-17865 Filed 7-16-02; 8:45 am]
BILLING CODE 4830-01-P