[Federal Register Volume 71, Number 164 (Thursday, August 24, 2006)]
[Rules and Regulations]
[Page 49992]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-14000]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9272]
RIN 1545-BE81


REMIC Residual Interests-Accounting for REMIC Net Income 
(Including Any Excess Inclusions) (Foreign Holders); Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final regulations.

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SUMMARY: This document contains corrections to final regulations (TD 
9272) that were published in the Federal Register on Tuesday, August 1, 
2006 (71 FR 43363) relating to income that is associated with a 
residual interest in a Real Estate Mortgage Investment Conduit (REMIC) 
and that is allocated through certain entities to foreign persons who 
have invested in those entities.

DATES: These corrections are effective August 1, 2006.

FOR FURTHER INFORMATION CONTACT: Dale Collinson, (202) 622-3900 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The correction notice that is the subject of this document is under 
sections 860A, 860G(b), 863, 1441, and 1442 of the Internal Revenue 
Code.

Need for Correction

    As published, final regulations (TD 9272) contain errors that may 
prove to be misleading and are in need of clarification.

Correction of Publication

    Accordingly, the publication of the final regulations (TD 9272), 
which was the subject of FR Doc. E6-12363, is corrected as follows:
    1. On page 43364, column 1, in the preamble, under the paragraph 
heading ``Background and Explanation of Provisions'', first full 
paragraph of the column, line 6, the language ``furtherance of the 
congressional'' is corrected to read ``furtherance of the 
Congressional''.
    2. On page 43365, column 1, in the preamble, under the paragraph 
heading ``Special Analyses'', line 5 from bottom of the paragraph, the 
language ``Code, these temporary regulations will'' is corrected to 
read ``the Code, these temporary regulations will''.

LaNita Van Dyke,
Acting Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel (Procedure and Administration).
 [FR Doc. E6-14000 Filed 8-23-06; 8:45 am]
BILLING CODE 4830-01-P