[Federal Register Volume 76, Number 226 (Wednesday, November 23, 2011)]
[Proposed Rules]
[Pages 72367-72368]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-30171]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Parts 1 and 602

[REG-146537-06]
RIN 1545-BG08


Income of Foreign Governments and International Organizations; 
Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice of proposed regulations.

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SUMMARY: This document contains corrections to a notice of proposed 
regulations that were published in the Federal Register on Thursday, 
November 3, 2011. These regulations provide guidance relating to the 
taxation of the income of foreign governments

[[Page 72368]]

from investments in the United States. The regulations affect foreign 
governments that derive income from sources within the United States.

FOR FURTHER INFORMATION CONTACT: David A. Juster, (202) 622-3850 (not 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The notice of proposed rulemaking (REG-146537-06) that is the 
subject of this correction is under sections 892 and 602 of the 
Internal Revenue Code.

Need for Correction

    As published on November 3, 2011 (76 FR 68119), the notice of 
proposed rulemaking (REG-146537-06) contains errors that may prove to 
be misleading and are in need of clarification.

Correction for Publication

    Accordingly, the notice of proposed rulemaking (REG-146537-06) that 
was the subject of FR Doc. 2011-28531 is corrected as follows:
    1. On page 68119, column 2, in the preamble under the paragraph 
heading ``Paperwork Reduction Act'', line 17 from the top of the 
column, the language ``the collection of information should be'' is 
corrected to read ``the collections of information should be''.
    2. On page 68119, column 2, in the preamble under the paragraph 
heading ``Paperwork Reduction Act'', the first full paragraph in the 
column, lines 1 and 2, the language ``Whether the proposed collection 
of information is necessary for the proper'' is corrected to read 
``Whether the proposed collections of information are necessary for the 
proper''.
    3. On page 68119, column 2, in the preamble under the paragraph 
heading ``Paperwork Reduction Act'', second paragraph in the column, 
line 2, the language ``associate with the proposed collection'' is 
corrected to read ``associate with the proposed collections''.
    4. On page 68119, column 2, in the preamble under the paragraph 
heading ``Paperwork Reduction Act'', sixth paragraph in the column, 
lines 1 and 2, the language ``The collection of information in this 
proposed regulation is in Sec. Sec.  1.892-'' is corrected to read 
``The collections of information in this proposed regulations are in 
Sec. Sec.  1.892-''.
    5. On page 68119, column 2, in the preamble under the paragraph 
heading ``Paperwork Reduction Act'', sixth paragraph in the column, 
lines 6 and 7, the language ``tax under section 892. The collection of 
information is voluntary to obtain a'' is corrected to read ``tax under 
section 892. The collections of information are voluntary to obtain 
a''.
    6. On page 68119, column 3, in the preamble under the paragraph 
heading ``Background'', fifth line from the bottom of the paragraph, 
the language ``referenced notice of proposed'' is corrected to read 
``reference notice of proposed''.
    7. On page 68121, column 1, in the preamble under the paragraph 
heading ``Definition of Commercial Activity'', third line from the 
bottom of the last paragraph, the language ``proposed regulations 
revised Sec.  1.892-'' is corrected to read ``proposed regulations 
revise Sec.  1.892-''.
    8. On page 68122, column 1, Paragraph 1. The authority citation, 
line 2, the language ``for parts 1 and 601 continues to read in'' is 
corrected to read ``for part 1 continues to read in''.


Sec.  1.892-5  [Corrected]

    9. On page 68122, column 3, Sec.  1.892-5(a)(1), line 2, the 
paragraph heading (a)(1) the language ``definition of term 
``controlled'' is corrected to read ``definition of the term 
``controlled''.
    10. On page 68123, column 3, Sec.  1.892-5(d)(5)(i), line 3, the 
language ``(d)(5)(ii) or (d)(5)(iii) of this section, the'' is 
corrected to read ``(d)(5)(ii) or paragraph (d)(5)(iii) of this 
section, the''.

Diane O. Williams,
Federal Register Liaison, Publications and Regulations Branch, Legal 
Processing Division.
[FR Doc. 2011-30171 Filed 11-22-11; 8:45 am]
BILLING CODE 4830-01-P