[Federal Register Volume 69, Number 187 (Tuesday, September 28, 2004)]
[Proposed Rules]
[Pages 57896-57897]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-21699]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-129771-04]
RIN 1545-BD49


Guidance Under Section 951 for Determining Pro Rata Share; 
Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice of proposed rulemaking.

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SUMMARY: This document contains corrections to notice of proposed 
rulemaking that were published in the Federal Register on August 6, 
2004 (69 FR 47822) providing guidance for determining a United States 
shareholder's pro rata share of a controlled foreign corporation's 
(CFC's) subpart F income, previously excluded subpart F income 
withdrawn from investment in less developed countries, previously 
excluded subpart F income withdrawn from foreign base company shipping 
operations, and amounts determined under section.

FOR FURTHER INFORMATION CONTACT: Jonathan A. Sambur at (202) 622-3840 
(not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The proposed regulations that are the subject of these corrections 
are under

[[Page 57897]]

section 951 (a) of the Internal Revenue Code.

Correction of Publication

    Accordingly, the publication of the notice of proposed rulemaking 
(REG-129771-04), which was the subject of FR Doc. 04-17907, is 
corrected as follows:
    1. On page 47823, column 1, in the preamble under the caption 
ADDRESSES, remove the last sentence.


Sec.  1.951-1  [Corrected]

    2. On page 47826, column 2, Sec.  1.951-1, paragraph (e)(5)(iii), 
line 11, the language ``distribution of earnings or profits that'' is 
corrected to read ``distribution of earnings and profits that''.

Cynthia E. Grigsby,
Acting Chief, Regulations and Publications Branch, Legal Processing 
Division, Associate Chief Counsel (Procedures and Administration).
[FR Doc. 04-21699 Filed 9-27-04; 8:45 am]
BILLING CODE 4830-01-P