[Federal Register Volume 69, Number 80 (Monday, April 26, 2004)]
[Proposed Rules]
[Pages 22463-22464]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-9311]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-106681-02]
RIN 1545-BA59


Modification of Check the Box; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice of proposed rulemaking.

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SUMMARY: This document corrects a notice of proposed rulemaking (REG-

[[Page 22464]]

106681-02) that was published in the Federal Register on Thursday, 
April 1, 2004 (69 FR 17117) that clarifies that qualified REIT 
subsidiaries, qualified subchapter S subsidiaries, and single owner 
eligible entities that are disregarded as entities separate from their 
owners are treated as separate entities for purposes of any Federal tax 
liability for which the entity is liable.

FOR FURTHER INFORMATION CONTACT: James M. Gergurich, (202) 622-3070 
(not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The notice of proposed rulemaking (REG-106681-02) that is the 
subject of this correction is under section 856 of the Internal Revenue 
Code.

Need for Correction

    As published, the notice of proposed rulemaking and notice of 
public hearing (REG-106681-02) contains an error that may prove to be 
misleading and is in need of clarification.

Correction of Publication

    Accordingly, the notice of proposed rulemaking and notice of public 
hearing (REG-106681-02) which is the subject of FR. Doc. 04-7088, is 
corrected as follows:


Sec.  1.1361-4  [Corrected]

    1. On page 17119, column 1, Sec.  1.1361-4, paragraph (a)(6)(i), 
line 3, the language ``otherwise not treated as a corporation'' is 
corrected to read ``generally not treated as a corporation''.

Cynthia E. Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel (Procedures and Administration).
[FR Doc. 04-9311 Filed 4-23-04; 8:45 am]
BILLING CODE 4830-01-P