[Federal Register Volume 72, Number 90 (Thursday, May 10, 2007)]
[Proposed Rules]
[Page 26576]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-8942]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-156779-06]
RIN 1545-BG27


Determining the Amount of Taxes Paid for Purposes of Section 901; 
Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice of proposed rulemaking.

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SUMMARY: This document contains a correction to notice of proposed 
rulemaking that was published in the Federal Register on Friday, March 
30, 2007 (71 FR 15081) providing guidance relating to the determination 
of the amount of taxes paid for purposes of section 901.

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

SUPPLEMENTARY INFORMATION: 

Background

    The notice of proposed rulemaking (REG-156779-06) that is the 
subject of this correction is under section 901 of the Internal Revenue 
Code.

Need for Correction

    As published, this notice of proposed rulemaking (REG-156779-06) 
contains an error that may prove to be misleading and is in need of 
clarification.

Correction of Publication

    Accordingly, the notice of proposed rulemaking (REG-156779-06), 
that was the subject of FR Doc. E7-5862, is corrected as follows:
    On page 15085, column 3, in the preamble, first full paragraph of 
the column, under the paragraph heading ``3. Comments and Proposed 
Regulations'', lines 1 and 2, the language ``The fifth condition is 
that the counterparty is a person (other than the'' is corrected to 
read ``The fifth condition is that the arrangement involves a 
counterparty. A counterparty is a person (other than the''.

LaNita Van Dyke,
Branch Chief, Publications and Regulations Branch, Legal Processing 
Division, Office of Associate Chief Counsel (Procedure and 
Administration).
[FR Doc. E7-8942 Filed 5-9-07; 8:45 am]
BILLING CODE 4830-01-P