[Federal Register Volume 69, Number 1 (Friday, January 2, 2004)]
[Proposed Rules]
[Page 47]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-31824]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Parts 1 and 301

[REG-146893-02, REG-115037-00]
RIN 1545-BB31, 1545-AY38


Treatment of Services Under Section 482; Allocation of Income and 
Deductions From Intangibles; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to a correction of a notice of proposed rulemaking 
and notice of public hearing.

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SUMMARY: This document contains corrections to a correction of a notice 
of proposed rulemaking and notice of public hearing that was published 
in the Federal Register on Wednesday, December 17, 2003 (68 FR 70214). 
The proposed regulations provide guidance regarding the treatment of 
controlled services transactions under section 482 and the allocation 
of income from intangibles, in particular when one controlled taxpayer 
performs activities that increase (or are expected to increase) the 
value of an intangible owned by another controlled taxpayer.

FOR FURTHER INFORMATION CONTACT: Helen Hong-George, (202) 435-5265 (not 
a toll free number).

SUPPLEMENTARY INFORMATION:

Background

    The notice of proposed rulemaking and notice of public hearing that 
is the subject of this correction is under section 482 of the Internal 
Revenue Code.

Need for Correction

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

Correction of Publication

    Accordingly, the publication of the correction to a notice of 
proposed regulations and notice of public hearing (REG-146893-02, REG-
115037-00), that was the subject of FR Doc. 03-31034, is corrected as 
follows:
    On page 70215, column 1, item 3, third line from the bottom of the 
paragraph, the language, ``expressed as ration'' is corrected to read 
``expressed as ratio''.

Cynthia E. Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel, (Procedures and Administration).
[FR Doc. 03-31824 Filed 12-31-03; 8:45 am]
BILLING CODE 4830-01-P