[Federal Register Volume 71, Number 158 (Wednesday, August 16, 2006)]
[Proposed Rules]
[Pages 47158-47159]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-13424]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-112994-06]
RIN 1545-BF47


Guidance Under Section 7874 Regarding Expatriated Entities and 
Their Foreign Parents; Correction Notice

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of proposed rulemaking by cross-reference to temporary 
regulations and notice of public hearing; correction.

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SUMMARY: This document contains corrections to notice of proposed 
rulemaking by cross-reference to temporary regulations and notice of 
public hearing that was published in the Federal Register on Tuesday, 
June 6, 2006 (71 FR 32495) relating to the determination of whether a 
foreign entity shall be treated as a surrogate foreign corporation 
under section 7874(a)(2)(B).

FOR FURTHER INFORMATION CONTACT: Milton Cahn at (202) 622-3918 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The notice of proposed rulemaking by cross-reference to temporary 
regulations and notice of public hearing (REG-112994-06) that is the 
subject of these corrections are under section 7874 of the Internal 
Revenue Code.

Need for Correction

    As published, the notice of proposed rulemaking by cross-reference 
to temporary regulations and notice of public hearing (REG-112994-06) 
contains errors that may prove to be misleading are in need of 
correction.

Correction of Publication

    Accordingly, the notice of proposed rulemaking by cross reference 
to temporary regulations and notice of public hearing (REG-112994-06), 
that was the subject of FR Doc. E6-8698, is corrected as follows:
    1. On page 32495, column 2, in the preamble, under the caption 
SUMMARY, line 8, the language ``of the Code. The text of those'' is 
corrected to read ``of the Internal Revenue Code. The text of those''.
    2. On page 32495, column 2, in the preamble, under the caption 
DATES, lines 5 and 6, the language ``24, 2006 at 10 a.m., must be 
received by October 3, 2006'' is corrected to read ``31, 2006, at 10 
a.m., must be received by October 10, 2006''.
    3. On page 32495, column 2, in the preamble, under the caption 
ADDRESSES, lines 2-11, the language ``CC:PA:LPD:PR (REG-112994-06), 
room 5203, Internal Revenue Service, PO Box 7604, Ben Franklin Station, 
Washington, DC 20044. Submissions may be hand-delivered Monday through 
Friday between the hours of 8 a.m. and 4 p.m. to: CC:PA:LPD:PR (REG-
112994-06), Courier's Desk, Internal Revenue Service, 1111 Constitution 
Avenue, N.W., Washington, DC, or sent''. is corrected to read CC:PA:LPD 
(REG-112994-06), Internal Revenue Service, PO Box 7604 Ben Franklin 
Station, Washington, DC 20044 or sent''.
    4. On page 32495, column 2, in the preamble, under the caption 
ADDRESSES, lines 1-3 from the bottom of the paragraph, the language, 
``held in the auditorium, Internal Revenue Building, 1111 Constitution 
Avenue, NW., Washington DC'' is corrected to read ``held in the 
auditorium, Internal Revenue Service, New Carrollton Federal Building 
(NCFB), 5000 Ellin Rd., Lanham, MD 20706''.
    5. On page 32495, column 2, in the preamble, under the caption FOR 
FURTHER INFORMATION CONTACT, line 3, the language ``Milton Cahn at 
(202) 622-3860;'' is corrected to read ``Milton Cahn at (202) 927-0889 
or (202) 622-3918;''.

[[Page 47159]]

    6. On page 32495, column 3, in the preamble, under the caption FOR 
FURTHER INFORMATION CONTACT, lines 2 and 3 from the top of the column, 
the language ``Treena Garrett, (202) 622-7180 (not toll-free numbers)'' 
is corrected to read ``Kelly Banks, (202) 927-1443 (not toll-free 
numbers)''.
    7. On page 32495, column 3, in the preamble, under the paragraph 
heading ``Background and Explanation of Provisions'', line 5 from the 
bottom of the paragraph, the language ``7874(a)(2)(B) of the Code. The 
text of'' is corrected to read ``7874(a)(2)(B) of the Internal Revenue 
Code. The text of''.
    8. On page 32495, column 3, in the preamble, under the paragraph 
``Special Analyses'', line 5 from the bottom of the paragraph, the 
language ``of the Code, this notice of proposed'' is corrected to read 
``of the Internal Revenue Code, this notice of proposed''.
    9. On page 32496, column 1, in the preamble, under the paragraph 
heading ``Comments and Public Hearing'', first paragraph of the column, 
lines 2 through 5, the language ``for October 24, 2006, at 10 a.m. in 
the auditorium, Internal Revenue Building, 1111 Constitution Avenue, 
NW., Washington, DC.'' is corrected to read ``for October 31, 2006, at 
10 a.m. in the auditorium, Internal Revenue Service, New Carrollton 
Federal Building, 5000 Ellin Road, Lanham, MD 20706.''
    10. On page 32496, column 1, in the preamble, under the paragraph 
heading ``Comments and Public Hearing'', second paragraph of the 
column, lines 2 through 5, the language ``for October 24, 2006, at 10 
a.m. in the auditorium, Internal Revenue Building, 1111 Constitution 
Avenue, N.W., Washington DC. Due to building'' is corrected to read 
``for October 31, 2006, at 10 a.m. in the auditorium, Internal Revenue 
Service, New Carrollton Federal Building, 5000 Ellin Road, Lanham, MD 
20706.''

Guy R. Traynor,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Office of Associate Chief Counsel (Procedure and Administration).
[FR Doc. E6-13424 Filed 8-15-06; 8:45 am]
BILLING CODE 4830-01-P