[Federal Register Volume 86, Number 42 (Friday, March 5, 2021)]
[Rules and Regulations]
[Page 12821]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-04282]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9936]
RIN 1545-BO59


Guidance on Passive Foreign Investment Companies; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Final regulations; correction.

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SUMMARY: This document contains corrections to the final regulations 
(Treasury Decision 9936), that were published in the Federal Register 
on Friday, January 15, 2021. The final regulations regarding the 
determination of whether a foreign corporation is treated as a passive 
foreign investment company (``PFIC'') for purposes of the Internal 
Revenue Code (``Code''), and the application and scope of certain rules 
that determine whether a United States person that indirectly holds 
stock in a PFIC is treated as a shareholder of the PFIC.

DATES: These corrections are effective on March 5, 2021 and applicable 
on or after January 15, 2021.

FOR FURTHER INFORMATION CONTACT: Concerning the regulations Sec. Sec.  
1.1291-0 and 1.1291-1, 1.1297-0 through 1.1297-2, 1.1298-0, 1.1298-2, 
and 1.1298-4, Christina G. Daniels at (202) 317-6934; concerning the 
regulations Sec. Sec.  1.1297-4 and 1.1297-6, Josephine Firehock at 
(202) 317-4932 (not toll-free numbers).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations (TD 9936) that are the subject of this 
correction are issued under sections 1297 and 1298 of the Internal 
Revenue Code.

Need for Correction

    As published the final regulations (TD 9936) that contain errors 
that need to be corrected.

Correction of Publication

    Accordingly, the final regulations (TD 9936) that are the subject 
of FR Doc. 2020-27009, which published on January 15, 2021 (86 FR 
4516), are corrected as follows:
    1. On page 4532, the third column, the ninth line from the bottom 
of the last partial paragraph, the language ``claims'' is corrected to 
read ``claims,''.
    2. On page 4534, the third column, the tenth line from the bottom 
of the first partial paragraph, the language ``1000'' is corrected to 
read ``1,000''.
    3. On page 4541, the third column, the last line of the third 
paragraph by removing the language ``Id.''.
    4. On page 4553, the second column, the last line of the first full 
paragraph, the language ``[X]'' is corrected to read ``1545-1002''.

Crystal Pemberton,
Senior Federal Register Liaison, Legal Processing Division, Associate 
Chief Counsel (Procedure and Administration).
[FR Doc. 2021-04282 Filed 3-4-21; 8:45 am]
BILLING CODE 4830-01-P