[Federal Register Volume 71, Number 84 (Tuesday, May 2, 2006)]
[Rules and Regulations]
[Pages 25747-25748]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 06-4088]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9253]
RIN 1545-AY92


Revisions to Regulations Relating to Withholding of Tax on 
Certain U.S. Source Income Paid to Foreign Persons and Revisions of 
Information Reporting Regulations; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting amendment.

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SUMMARY: This document corrects final regulations and removal of 
temporary regulations (TD 9253) that was published in the Federal 
Register on Tuesday, March 14, 2006 (71 FR 13003) relating to the 
withholding of tax under section 1441 on certain U.S. source income 
paid to foreign persons and related requirements governing collection, 
deposit, refunds, and credits of withheld amounts under sections 1461 
through 1463.

DATES: This correction is effective March 14, 2006.

FOR FURTHER INFORMATION CONTACT: Ethan Atticks, (202) 622-3840 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations and removal of temporary regulations (TD 
9253) that is the subject of this correction are under section 1441 of 
the Internal Revenue Code.

Need for Correction

    As published, TD 9253 contains an error that may prove to be 
misleading and is in need of clarification.

List of Subjects in 26 CFR Part 1

    Income taxes, Reporting and recordkeeping requirements.

[[Page 25748]]

Correction of Publication

0
Accordingly, 26 CFR part 1 is corrected by making the following 
correcting amendment:

PART 1--INCOME TAXES

0
Paragraph 1. The authority citation for part 1 continues to read, in 
part, as follows:

    Authority: 26 U.S.C. 7805 * * *


Sec.  1.1441-6  [Corrected]

0
Par. 2. Section 1.1441-6(b)(1) is amended by removing the language ``If 
the beneficial owner is related to the person obligated to pay the 
income, within the meaning of section 267(b) or 707(b), the withholding 
certificate must also contain a representation that the beneficial 
owner will file the statement required under Sec.  301.6114-1(d) of 
this chapter (if applicable). The requirement to file an information 
statement under section 6114 for income subject to withholding applies 
only to amounts received during the taxpayer's taxable year that, in 
the aggregate, exceed $500,000. See Sec.  301.6114-1(d) of this 
chapter.''.

Guy R. Traynor,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 06-4088 Filed 5-1-06; 8:45 am]
BILLING CODE 4830-01-P