[Federal Register Volume 70, Number 216 (Wednesday, November 9, 2005)]
[Rules and Regulations]
[Page 67905]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-22262]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9222]
RIN 1545-BD49


Guidance Under Section 951 for Determining Pro Rata Share; 
Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final regulations.

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SUMMARY: This document corrects final regulations (TD 9222) that were 
published in the Federal Register on Thursday, August 25, 2005 (70 FR 
49864).
    The final regulations under section 951(a) of the Internal Revenue 
Code (Code) provide 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withdrawn from investment in less developed countries, and previously 
excluded subpart F income withdrawn from foreign base company shipping 
operations.

DATES: This correction is effective August 25, 2005.

FOR FURTHER INFORMATION CONTACT: Jeffrey L. Vinnik, (202) 622-3840 (not 
a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations (TD 9222) that are the subject of this 
correction are under section 951(a) of the Internal Revenue Code.

Need for Correction

    As published, the final regulations (TD 9222) contain an error that 
may prove to be misleading and is in need of clarification.

Correction of Publication

0
Accordingly, the publication of the final regulations (TD 9222), which 
was the subject of FR Doc. 05-16611, is corrected as follows:
0
On page 49864, column 2, in the preamble under the paragraph heading, 
``A. Amounts Determined Under Section 956 of the Code'' second 
paragraph, line 4, the language ``to section 956 under Sec.  1.951-
(1)(e).'' is corrected to read ``to section 956 under Sec.  1.951-
1(e).''.

Cynthia E. Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 05-22262 Filed 11-8-05; 8:45 am]
BILLING CODE 4830-01-P