[Federal Register Volume 72, Number 155 (Monday, August 13, 2007)]
[Rules and Regulations]
[Page 45159]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-15271]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9332]
RIN 1545-BG00


Exclusions From Gross Income of Foreign Corporations; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting amendment.

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SUMMARY: This document contains corrections to final and temporary 
regulations (TD 9332) that were published in the Federal Register on 
Monday, June 25, 2007 (72 FR 34600) relating to the exclusion from 
gross income of income derived by certain foreign corporations engaged 
in the international operation of ships or aircraft.

DATES: The correction is effective August 13, 2007.

FOR FURTHER INFORMATION CONTACT: Patricia A. Bray, (202) 622-3880 (not 
a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final and temporary regulations that are the subject of this 
correction are under section 883 of the Internal Revenue Code.

Need for Correction

    As published, final and temporary regulations (TD 9332) contain an 
error that may prove to be misleading and is in need of clarification.

List of Subjects in 26 CFR Part 1

    Income taxes, Reporting and recordkeeping requirements.

Correction of Publication

0
Accordingly, 26 CFR part 1 is corrected by making the following 
correcting amendment:

PART 1--INCOME TAXES

0
Paragraph 1. The authority citation for part 1 continues to read in 
part as follows:

    Authority: 26 U.S.C. 7805 * * *


0
Par. 2. Section 1.883-1 is amended by revising paragraph (h)(3) to read 
as follows:


Sec.  1.883-1  Exclusion of income from the international operation of 
ships or aircraft.

* * * * *
    (h) * * *
    (3) For further guidance, see the entry for Sec.  1.883-1T(h)(3).
* * * * *

LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
 [FR Doc. E7-15271 Filed 8-10-07; 8:45 am]
BILLING CODE 4830-01-P