[Federal Register Volume 72, Number 90 (Thursday, May 10, 2007)]
[Rules and Regulations]
[Page 26542]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-8923]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9323]
RIN 1545-BF64


Revisions to Regulations Relating to Repeal of Tax on Interest of 
Nonresident Alien Individuals and Foreign Corporations Received From 
Certain Portfolio Debt Investments; 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 
9323) that were published in the Federal Register on Thursday, April 
12, 2007 (72 FR 18386) relating to the exclusion from gross income of 
portfolio interest paid to a nonresident alien individual or foreign 
corporation.

DATES: The correction is effective May 10, 2007.

FOR FURTHER INFORMATION CONTACT: Kathryn Holman of the Office of the 
Associate Chief Counsel (International), (202) 622-3840 (not a toll-
free call).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations that are the subject of this correction are 
under sections 871 and 881 of the Internal Revenue Code.

Need for Correction

    As published, final regulations (TD 9323) 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 9323), 
which were the subject of FR Doc. E7-6766, is corrected as follows:
    1. On page 18386, column 3, in the preamble, under the paragraph 
heading ``1. Time for Applying the 10-Percent Shareholder Test'', ninth 
line of the last paragraph of the column, the language ``under section 
6031(c) is mailed, or the'' is corrected to read ``under section 
6031(b) is mailed, or the''.
    2. On page 18387, column 1, in the preamble, under the paragraph 
heading ``1. Time for Applying the 10-Percent Shareholder Test'', tenth 
line of the first paragraph of the column, the language ``section 
6031(c) is mailed or otherwise'' is corrected to read ``section 6031(b) 
is mailed or otherwise''.

LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. E7-8923 Filed 5-9-07; 8:45 am]
BILLING CODE 4830-01-P