[Federal Register Volume 80, Number 209 (Thursday, October 29, 2015)]
[Rules and Regulations]
[Pages 66416-66417]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-27604]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9733]
RIN 1545-BJ49


United States Property Held by Controlled Foreign Corporations in 
Transactions Involving Partnerships; Rents and Royalties Derived in the 
Active Conduct of a Trade or Business; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Final and temporary regulations; correction.

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SUMMARY: This document contains corrections to final and temporary 
regulations (TD 9733) that were published in the Federal Register on 
September 2, 2015 (80 FR 52976). The temporary regulations are 
regarding the treatment as United States property of property held by a 
controlled foreign corporation in connection with certain transactions 
involving partnerships.

DATES: This correction is effective on October 29, 2015 and applicable 
beginning September 2, 2015.

FOR FURTHER INFORMATION CONTACT: Rose E. Jenkins at (202) 317-6934 (not 
a toll free number).

SUPPLEMENTARY INFORMATION:

[[Page 66417]]

Background

    The final and temporary regulations (TD 9733) that are the subject 
of this correction are under sections 954 and 956 of the Internal 
Revenue Code.

Need for Correction

    As published, the final and temporary regulations (TD 9733) contain 
errors that may prove to be misleading and are in need of 
clarification.

Correction of Publication

    Accordingly, the final and temporary regulations (TD 9733), that 
are the subject of FR Doc. 2015-21574, are corrected as follows:
    1. On page 52977, in the preamble, the first column, under the 
paragraph heading ``Background'', the second line of the paragraph, the 
language ``to 26 CFR part 1 under of the Internal'' is corrected to 
read ``to 26 CFR part 1 under section 956 of the Internal''.
    2. On page 52979, in the preamble, the second column, the first 
line of the column, the language ``the active development test in 
Sec. Sec.  1.954-'' is corrected to read ``the active development test 
in Sec.  1.954-''.
    3. On page 52979, in the preamble, the second column, the twentieth 
line of the column, the language ``Sec. Sec.  1.954-2T(c)(2)(iii)(E), 
(c)(2)(viii),'' is corrected to read ``Sec.  1.954-2T(c)(2)(iii)(E), 
(c)(2)(viii),''.
    4. On page 52979, in the preamble, the second column, the twelfth 
line from the bottom of the column, the language ``that such rents or 
royalties that are'' is corrected to read that such rents or royalties 
are''.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2015-27604 Filed 10-28-15; 8:45 am]
BILLING CODE 4830-01-P