[Federal Register Volume 73, Number 152 (Wednesday, August 6, 2008)]
[Rules and Regulations]
[Page 45612]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-17954]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9415]
RIN 1545-BB84


REMIC Residual Interests--Accounting for REMIC Net Income 
(Including Any Excess Inclusions) (Foreign Holders)

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting amendment.

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SUMMARY: This document contains a correction to final regulations (TD 
9415), that were published in the Federal Register on Monday, July 14, 
2008 (73 FR 40171). The final regulations relates to income that is 
associated with a residual interest in a Real Estate Mortgage 
Investment Conduit (REMIC) and that is allocated through certain 
entities to foreign persons who have invested in those entities.

DATES: This correction is effective on August 6, 2008.

FOR FURTHER INFORMATION CONTACT: Arturo Estrada, (202) 622-3900 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations (TD 9415) that is the subject of this 
correction is under section 1441 of the Internal Revenue Code.

Need for Correction

    As published, TD 9415 contains 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 301--PROCEDURE AND ADMINISTRATION

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 1.1441-2 is amended by revising paragraph (f) to read 
as follows:


Sec.  1.1441-2  Amounts subject to withholding.

* * * * *
    (f) Effective/applicability date. This section applies to payments 
made after December 31, 2000. Paragraphs (b)(5) and (d)(4) of this 
section apply to payments made after August 1, 2006.

Cynthia E. Grigsby,
Senior Federal Register Liaison Officer, Publications and Regulations 
Branch, Legal Processing Division, Associate Chief Counsel, (Procedure 
and Administration).
[FR Doc. E8-17954 Filed 8-5-08; 8:45 am]
BILLING CODE 4830-01-P