81 FR 249 pgs. 95541-95542 - United States Property Held by Controlled Foreign Corporations Through Partnerships With Special Allocations; Correction
Type: PRORULEVolume: 81Number: 249Pages: 95541 - 95542
Pages: 95541, 95542Docket number: [REG-114734-16]
FR document: [FR Doc. 2016-31358 Filed 12-27-16; 8:45 am]
Agency: Treasury Department
Sub Agency: Internal Revenue Service
Official PDF Version: PDF Version
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[REG-114734-16]
RIN 1545-BN51
United States Property Held by Controlled Foreign Corporations Through Partnerships With Special Allocations; Correction
AGENCY:
Internal Revenue Service (IRS), Treasury.
ACTION:
Correction to a notice of proposed rulemaking.
SUMMARY:
[top] This document contains corrections to a notice of proposed rulemaking (REG-114734-16) that was published in the Federal Register on Thursday, November 3, 2016 (81 FR 76542). The proposed regulations provide rules regarding the
DATES:
Written or electronic comments and request for a public hearing are still being accepted and must be received by February 1, 2017.
ADDRESSES:
Send submissions to: CC:PA:LPD:PR (REG-114734-16), Room 5203, Internal Revenue Service, P.O. Box 7604, Ben Franklin Station, Washington, DC 20044. Submissions may be hand-delivered Monday through Friday between the hours of 8 a.m. and 4 p.m. to CC:PA:LPD:PR (REG-114734-16), Courier's Desk, Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC, or sent electronically via the Federal eRulemaking Portal at http://www.regulations.gov (IRS REG-114734-16).
FOR FURTHER INFORMATION CONTACT:
Concerning the proposed regulations, Rose E. Jenkins, (202) 317-6934; concerning submissions of comments or request for a public hearing, Regina Johnson, (202) 317-6901 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The notice of proposed rulemaking (REG-114734-16) that is the subject of this document is under sections 954 and 956 of the Internal Revenue Code.
Need for Correction
As published, the notice of proposed rulemaking (REG-114734-16) contains errors that may prove to be misleading and are in need of clarification.
Correction of Publication
Accordingly, the notice of proposed rulemaking, (REG-114734-16), that was the subject of FR Doc. 2016-26424, is corrected as follows:
1. On page 76543, first column, in the preamble, the sixth line from the top of the page, the language, "property that does not have a principal" is corrected to read "property that is respected for Federal income tax purposes under section 704(b) and the regulations thereunder and does not have a principal".
§?1.956-4 [Corrected]
2. On page 76543, third column, third line from the bottom of paragraph (b)(2)(ii), the language "allocation does not have a principal" is corrected to read "allocation will be respected for Federal income tax purposes under section 704(b) and the regulations thereunder and does not have a principal".
Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 2016-31358 Filed 12-27-16; 8:45 am]
BILLING CODE 4830-01-P