[Federal Register Volume 73, Number 94 (Wednesday, May 14, 2008)]
[Rules and Regulations]
[Page 27729]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-10694]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Parts 1 and 301

[TD 9391]
RIN 1545-BF85


Source Rules Involving U.S. Possessions and Other Conforming 
Changes; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Final regulations; correction.

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SUMMARY: This document contains corrections to final regulations (TD 
9391) that were published in the Federal Register on Wednesday, April 
9, 2008 (73 FR 19350) providing rules under section 937(b) of the 
Internal Revenue Code for determining whether income is derived from 
sources within a U.S. possession or territory specified in section 
937(a)(1) (generally referred to in this preamble as a ``territory'') 
and whether income is effectively connected with the conduct of a trade 
or business within a territory.

DATES: This correction is effective May 14, 2008, and is applicable on 
April 9, 2008.

FOR FURTHER INFORMATION CONTACT: J. David Varley, (202) 622-7790 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations and removal of temporary regulations that are 
the subjects of this document are under sections 1, 170A, 861, 871, 
876, 881, 884, 901, 931, 932, 933, 934, 935, 937, 957, 1402, 6012, 
6038, 6046, 6688, and 7701 of the Internal Revenue Code.

Need for Correction

    As published, final regulations (TD 9391) 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 9391), 
which were the subject of FR Doc. 08-1105, is corrected as follows:
    1. On page 19350, column 1, in the preamble, under the caption 
``Dates:'', line 5, the language ``1(k), 1.861-3(d), 1.861-8(h), 1.871-
1(d),'' is corrected to read ``1(k), 1.861-3(d), 1.861-8(h), 1.871-
1(c),''.
    2. On page 19351, column 1, in the preamble, under the paragraph 
heading ``1. General Territory Source Rule'', line 8 of the first 
paragraph, the language ``applying the principles of section 861'' is 
corrected to read ``applying the principles of sections 861''.
    3. On page 19353, column 1, in the preamble, line 3 from the bottom 
of the first paragraph of the column, the language ``of determining 
whether income for'' is corrected to read ``of determining whether 
income from''.
    4. On page 19353, column 2, in the preamble, second line of the 
column, the language ``outside of the territories. Id.'' is corrected 
to read ``outside of the territory. Id.''.
    5. On page 19355, column 1, in the preamble, under the paragraph 
heading ``B. Guam and the Northern Mariana Islands'', line 2 from the 
bottom of the paragraph, the language ``provisions of the temporary and 
revised'' is corrected to read ``provisions of the temporary and 
proposed''.
    6. On page 19356, column 2, in the preamble, under the paragraph 
heading ``E. Application of Subpart F to Bona Fide Residents of a 
Territory'', line 7 from the bottom of the column, the language 
``voting of a territory corporation are from'' is corrected to read 
``voting stock of a territory corporation are from''.

LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel, (Procedure and Administration).
 [FR Doc. E8-10694 Filed 5-13-08; 8:45 am]
BILLING CODE 4830-01-P