73 FR 152 pg. 45612 - REMIC Residual Interests—Accounting for REMIC Net Income (Including Any Excess Inclusions) (Foreign Holders)
Type: RULEVolume: 73Number: 152Page: 45612
Docket number: [TD 9415]
FR document: [FR Doc. E8-17954 Filed 8-5-08; 8:45 am]
Agency: Treasury Department
Sub Agency: Internal Revenue Service
Official PDF Version: PDF Version
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9415]
RIN 1545-BB84
REMIC Residual Interests-Accounting for REMIC Net Income (Including Any Excess Inclusions) (Foreign Holders)
AGENCY:
Internal Revenue Service (IRS), Treasury.
ACTION:
Correcting amendment.
SUMMARY:
This document contains a correction to final regulations (TD 9415), that were published in the Federal Register on Monday, July 14, 2008 (73 FR 40171). The final regulations relates to income that is associated with a residual interest in a Real Estate Mortgage Investment Conduit (REMIC) and that is allocated through certain entities to foreign persons who have invested in those entities.
DATES:
This correction is effective on August 6, 2008.
FOR FURTHER INFORMATION CONTACT:
Arturo Estrada, (202) 622-3900 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The final regulations (TD 9415) that is the subject of this correction is under section 1441 of the Internal Revenue Code.
Need for Correction
As published, TD 9415 contains an error that may prove to be misleading and is in need of clarification.
List of Subjects in 26 CFR Part 1
Income taxes, Reporting and recordkeeping requirements.
Correction of Publication
Accordingly, 26 CFR part 1 is corrected by making the following correcting amendment:
PART 301-PROCEDURE AND ADMINISTRATION
Paragraph 1. The authority citation for part 1 continues to read in part as follows:
Authority:
26 U.S.C. 7805 * * *
Par. 2. Section 1.1441-2 is amended by revising paragraph (f) to read as follows:
§ 1.1441-2 Amounts subject to withholding.
(f) Effective/applicability date. This section applies to payments made after December 31, 2000. Paragraphs (b)(5) and (d)(4) of this section apply to payments made after August 1, 2006.
Cynthia E. Grigsby,
Senior Federal Register Liaison Officer,Publications and Regulations Branch,Legal Processing Division,Associate Chief Counsel,(Procedure and Administration).
[FR Doc. E8-17954 Filed 8-5-08; 8:45 am]
BILLING CODE 4830-01-P