[Federal Register Volume 64, Number 210 (Monday, November 1, 1999)]
[Rules and Regulations]
[Page 58782]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-28037]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Parts 1 and 301
[TD 8827]
Removal of Regulations Providing Guidance Under Subpart F,
Relating to Partnerships and Branches; Correction
AGENCY: Internal Revenue Service, Treasury.
ACTION: Correction of temporary and final regulations.
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SUMMARY: This document contains corrections to the temporary and final
regulations (TD 8827), which were published in the Federal Register on
Tuesday, July 13, 1999, (64 FR 37677). The regulations relate to the
treatment under subpart F of certain payments involving branches of a
controlled foreign corporation that are treated as separate entities
for foreign tax purposes or partnerships in which CFC's are partners.
DATES: These corrections are effective July 13, 1999.
FOR FURTHER INFORMATION CONTACT: Valerie Mark, (202) 622-3840 (not a
toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The temporary and final regulations that are the subject of these
corrections are under sections 904, 954, and 7701.
Need for Correction
As published, the temporary and final regulations (TD 8827) contain
errors that may prove to be misleading and are in need of
clarification.
Correction of Publication
Accordingly, the publication of the temporary and final regulations
(TD 8827), which are the subject of FR Doc. 99-17369, is corrected as
follows:
Sec. 1.904-5 [Corrected]
1. On page 37677, column 3, amendatory instructions ``Par. 2.'',
last line, the language ``amended by removing the last sentence'' is
corrected to read ``amended by removing the last two sentences''.
2. On page 37678, column 1, amendatory instruction ``Par. 7.'', the
language ``Par. 7.'' is corrected to read ``Par. 6.''.
3. On page 37678, column 1, amendatory instruction ``Par. 9.'', the
language ``Par. 9.'' is corrected to read ``Par. 7.''.
4. On page 37678, column 1, amendatory instruction ``Par. 10.'',
the language ``Par. 10.'' is corrected to read ``Par. 8.''.
Sec. 301.7701-3 [Corrected]
5. On page 37678, column 1, the amendatory instruction for ``Par.
11.'' is corrected to read as follows:
Par. 9. In Sec. 301.7701-3, the last two sentences in paragraph
(f)(1) are removed.
6. On page 37678, column 1, amendatory instruction ``Par. 12.'',
the language ``Par. 12.'' is corrected to read ``Par. 10.''.
Cynthia E. Grigsby,
Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 99-28037 Filed 10-29-99; 8:45 am]
BILLING CODE 4830-01-U
