[Federal Register Volume 74, Number 58 (Friday, March 27, 2009)]
[Rules and Regulations]
[Page 13340]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-6944]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1


Determination of Interest Expense Deduction of Foreign 
Corporations

CFR Correction

    In Title 26 of the Code of Federal Regulations, Part 1 (Sec. Sec.  
1.851 to 1.907), revised as of April 1, 2008, on page 436, in Sec.  
1.882-5, reinstate paragraph (d)(2)(ii)(B) to read as follows:


Sec.  1.882-5  Determination of interest deduction.

* * * * *
    (d) * * *
    (2) * * *
    (ii) * * *
    (B) Identified liabilities not properly reflected. A liability is 
not properly reflected on the books of the U.S. trade or business 
merely because a foreign corporation identifies the liability pursuant 
to Sec.  1.884-4(b)(1)(ii) and (b)(3).
* * * * *
[FR Doc. E9-6944 Filed 3-26-09; 8:45 am]
BILLING CODE 1505-01-D