[Federal Register Volume 69, Number 104 (Friday, May 28, 2004)]
[Proposed Rules]
[Page 30607]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-12159]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-128572-03]
RIN 1545-BC24


Application of Sections 265(a)(2) and 246A in Multi-Party 
Financing Arrangements; Request for Comments; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to an advance notice of proposed rulemaking.

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SUMMARY: This document contains a correction to an advance notice of 
proposed rulemaking that was published in the Federal Register on 
Friday, May 7, 2004 (69 FR 25534), soliciting comments and suggestions 
regarding the scope and details of regulations that may be proposed 
under section 7701(f) of the Internal Revenue Code to address the 
application of sections 265(a)(2) and 246A in transactions involving 
related parties, pass-through entities, or other intermediaries.

FOR FURTHER INFORMATION CONTACT: Avital Grunhaus (202) 622-3930 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The advance notice of proposed rulemaking (REG-128572-03) that is 
the subject of this correction is under sections 246A, 265(a)(2) and 
7701(f) of the Internal Revenue Code.

Need for Correction

    As published, the advance notice of proposed rulemaking (REG-
128572-03) contains an error that may prove to be misleading and is in 
need of clarification.

Correction of Publication

    Accordingly, the publication of the advance notice of proposed 
rulemaking (REG-128572-03), that was the subject of FR Doc. 04-10476, 
is corrected as follows:
    1. On page 25534, column 2, in the preamble under the paragraph 
heading ``Background'', second full paragraph, line 5, the language, 
``2004-47 (2004-20 I.R.B.), which'' is corrected to read ``2004-47 
(2004-21 I.R.B.), which''.

Cynthia E. Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel, (Procedure and Administration).

[FR Doc. 04-12159 Filed 5-27-04; 8:45 am]
BILLING CODE 4830-01-P