[Federal Register Volume 74, Number 53 (Friday, March 20, 2009)]
[Proposed Rules]
[Page 11888]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-5892]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-150066-08]
RIN 1545-BI45


Guidance Regarding Foreign Base Company Sales Income

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of proposed rulemaking by cross-reference to temporary 
regulations and notice of public hearing; correction.

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SUMMARY: This document contains corrections to a notice of proposed 
rulemaking and notice of public hearing that was published in the 
Federal Register on Monday, December 29, 2008 (73 FR 79421), relating 
to foreign base company sales income.

FOR FURTHER INFORMATION CONTACT: Jeffery Mitchell, (202) 622-7034 (not 
a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The notice of proposed rulemaking and notice of public hearing that 
is subject to these corrections are under section 954 of the Internal 
Revenue Code.

Need for Correction

    As published the notice of proposed rulemaking and notice of public 
hearing contains errors that may prove to be misleading and are in need 
of correction.

Correction of Publication

    Accordingly, the publication of the notice of proposed rulemaking 
and notice of public hearing (REG-150066-08), which was the subject of 
FR Doc. E8-30729, is corrected as follows:
    1. On page 79422, column 1, in the preamble under the heading 
Background and Explanation of Provision, the last sentence, the 
language ``The preamble to the temporary regulations explains these 
proposed regulations.'' is corrected to read ``The preamble to the 
temporary regulations explains the amendments.''
    2. On page 79422, column 2, in the preamble under the heading 
Comments and Public Hearing, the first paragraph, line 3, the language 
``consideration will be give to any written'' is corrected to read 
``consideration will be given to any written''.
    3. On page 79422, column 3, in the preamble under the heading Part 
1--Income Taxes, instructional paragraph 2, lines 5 and 6, the language 
``(b)(2)(ii)(e), (b)(4) Example (3), (c), and (d), and adding Examples 
8 and 9 to'' is corrected to read ``(b)(2)(ii)(e) and (b)(4) Example 
(3), and adding Examples 8 and 9 to''.
    4. On page 79423, column 1, Sec.  1.954-3, the third sentence of 
Example 8, the language ``8 is the same as the text of Sec.  1.954-3T'' 
is corrected to read ``8 is the same as the text of Sec.  1.954-
3T(b)(4)''.
    5. On page 79423, column 1, Sec.  1.954-3, the third sentence of 
Example 9, the language ``9 is the same as the text of Sec.  1.954-3T'' 
is corrected to read ``9 is the same as the text of Sec.  1.954-
3T(b)(4)''.

Guy R. Traynor,
Federal Register Liaison, Procedure & Administration, Associate Chief 
Counsel, Publications & Regulations.
 [FR Doc. E9-5892 Filed 3-19-09; 8:45 am]
BILLING CODE 4830-01-P