[Federal Register Volume 72, Number 243 (Wednesday, December 19, 2007)]
[Proposed Rules]
[Page 71842]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-24673]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-209020-86]
RIN 1545-AC09


Foreign Tax Credit: Notification of Foreign Tax Redeterminations; 
Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice of proposed rulemaking by cross-reference 
to temporary regulations.

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SUMMARY: This document contains corrections to a notice of proposed 
rulemaking by cross-reference to temporary regulations (REG-209020-86) 
that was published in the Federal Register on Wednesday, November 7, 
2007 (72 FR 62805) relating to a taxpayer's obligation under section 
905(c) of the Internal Revenue Code to notify IRS of a foreign tax 
redetermination and also relating to the civil penalty under section 
6689 for failure to notify the IRS of a foreign tax redetermination as 
required under section 905(c).

FOR FURTHER INFORMATION CONTACT: Teresa Burridge Hughes at (202) 622-
3850 (not a toll-free number).

SUPPLEMENTARY INFORMATION: 

Background

    The correction notice that is the subject of this document is under 
section 905(c) of the Internal Revenue Code.

Need for Correction

    As published, the notice of proposed rulemaking by cross-reference 
to temporary regulations (REG-209020-86) contain errors that may prove 
to be misleading and are in need of clarification.

Correction of Publication

    Accordingly, the publication of the notice of proposed rulemaking 
by cross-reference to the temporary regulations (REG-209020-86), which 
was the subject of FR Doc. E7-21727, is corrected as follows:
    1. On page 62806, column 1, in the preamble, under the caption 
``ADDRESSES:'', line 8, the language ``CC:PA:LPD:PR (REG-209020-90),'' 
is corrected to read ``CC:PA:LPD:PR (REG-209020-86),''.


Sec.  1.905-5  [Corrected]

    2. On page 62807, column 2, Sec.  1.905-5, the word (temporary) is 
removed from the end of the section title.

LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
 [FR Doc. E7-24673 Filed 12-18-07; 8:45 am]
BILLING CODE 4830-01-P