[Federal Register Volume 68, Number 214 (Wednesday, November 5, 2003)]
[Proposed Rules]
[Page 62553]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-27865]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Parts 1 and 301

[REG-108524-00]
RIN-1545-AY28


Section 1446 Regulations; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to a notice of proposed rulemaking.

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SUMMARY: This document contains a correction to a notice of proposed 
rulemaking that was published in the Federal Register on September 3, 
2003 (68 FR 52466) regarding the obligation of a partnership to pay a 
withholding tax on effectively connected taxable income allocable under 
section 704 to a foreign partner.

FOR FURTHER INFORMATION CONTACT: David J. Sotos at (202) 622-3860 (not 
a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The proposed regulations that are the subject of these corrections 
are under section 704 of the Internal Revenue Code.

Need for Correction

    As published, this notice of proposed rulemaking contains errors 
that may prove to be misleading and are in need of clarification.

Correction of Publication

    Accordingly, the publication of notice of proposed rulemaking (REG-
108524-00), which is the subject of FR. Doc. 03-22175, is corrected as 
follows:
    1. On page 52469, column 2, in the preamble, under the paragraph 
heading ``Special Rules for Tiered Trust or Estate Structures--Sec.  
1.1446-3(d)(2)(iii)'', first paragraph, line 4, the language ``1446(d) 
to provide that a foreign trust's'' is corrected to read ``1446(d) to 
provide that amounts withheld on a foreign trust's''.


Sec.  1.1461-1  [Corrected]

    2. On page 52483, column 1, Sec.  1.1461-1, paragraph (a)(1), line 
13, the language ``under Sec.  11446-4(g). The previous two'' is 
corrected to read ``under Sec.  1.1446-4(g). The previous two.''

Cynthia E. Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel, (Procedures and Administration).
[FR Doc. 03-27865 Filed 11-4-03; 8:45 am]
BILLING CODE 4830-01-P