[Federal Register Volume 71, Number 210 (Tuesday, October 31, 2006)]
[Proposed Rules]
[Page 63732]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-18205]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-124152-06]
RIN 1545-BF73


Definition of Taxpayer for Purposes of Section 901 and Related 
Matters; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of proposed rulemaking and notice of public hearing; 
Correction.

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SUMMARY: This document contains corrections to notice of proposed 
rulemaking and notice of public hearing that was published in the 
Federal Register on Friday, August 4, 2006 (71 FR 44240) relating to 
the determination of who is considered to pay a foreign tax for 
purposes of sections 901 and 903.

FOR FURTHER INFORMATION CONTACT: Bethany A. Ingwalson, (202) 622-3850 
(not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The notice of proposed rulemaking and notice of public hearing 
(REG-124152-06) that is the subject of these corrections are under 
sections 901 and 903 of the Internal Revenue Code.

Need for Correction

    As published, the notice of proposed rulemaking and notice of 
public hearing (REG-124152-06) contains errors that may prove to be 
misleading and are in need of clarification.

Correction of Publication

    Accordingly, the notice of proposed rulemaking and notice of public 
hearing (REG-124152-06) that was the subject of FR Doc. E6-12358 is 
corrected as follows:


Sec.  1.901-2  [Corrected]

    1. On page 44246, column 1, Sec.  1.901-2(f)(6), paragraph (i) of 
Example 4., line 4, the language ``county Y. A accrues interest income 
on the'' is corrected to read ``country Y. A accrues interest income on 
the''.
    2. On page 44246, column 2, Sec.  1.901-2(f)(6), paragraph (i) of 
Example 4., first paragraph of the column, line 1, the language ``pay 
over to country X 10 percent of the'' is corrected to read ``pay over 
to country Y 10 percent of the''.
    3. On page 44247, column 1, Sec.  1.901-2(f)(6), paragraph (i) of 
Example 8., the language ``tax purposes. New D also has a short U.S.'' 
is corrected to read ``tax purposes. ``New'' D also has a short U.S.''.
    4. On page 44247, column 1, Sec.  1.901-2(f)(6), paragraph (ii) of 
Example 8., line 11, the language ``years of terminating D and new D. 
See'' is corrected to read ``years of old D and new D. See''.
    5. On page 44247, column 1, Sec.  1.901-2(f)(6), paragraph (ii) of 
Example 8., line 13, the language ``allocation of terminating D's 
country M taxes'' is corrected to read ``allocation of old D's country 
M taxes''.
    6. On page 44247, column 1, Sec.  1.901-2(h), the language ``(h) 
Effective Date. Paragraphs (a)'' is corrected to read ``(h) Effective 
date. Paragraphs (a)''.

LaNita Van Dyke,
Federal Register Liaison, Publications and Regulations Branch, Legal 
Processing Division, Associate Chief Counsel, (Procedure and 
Administration).
[FR Doc. E6-18205 Filed 10-30-06; 8:45 am]
BILLING CODE 4830-01-P