[Federal Register Volume 73, Number 139 (Friday, July 18, 2008)]
[Rules and Regulations]
[Page 41259]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-16305]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9391]
RIN 1545-BF85


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

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting amendment.

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SUMMARY: This document contains a correction 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 July 18, 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 an error that may 
prove to be misleading and is in need of clarification.

List of Subject 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 * * *


Sec.  1.881-5T  [Removed]

0
Par. 2. Section 1.881-5T is removed.

LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel, (Procedure and Administration).
[FR Doc. E8-16305 Filed 7-17-08; 8:45 am]
BILLING CODE 4830-01-P