97-3812. Computation of Foreign Taxes Deemed Paid Under Section 902 Pursuant to a Pooling Mechanism for Undistributed Earnings and Foreign Taxes; Correction

[Federal Register Volume 62, Number 32 (Tuesday, February 18, 1997)]
[Rules and Regulations]
[Page 7155]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-3812]


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DEPARTMENT OF THE TREASURY
Internal Revenue Service

26 CFR Part 1

[TD 8708]
RIN 1545-AL98


Computation of Foreign Taxes Deemed Paid Under Section 902 
Pursuant to a Pooling Mechanism for Undistributed Earnings and Foreign 
Taxes; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final regulations.

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SUMMARY: This document contains a correction to final income tax 
regulations which were published in the Federal Register on Tuesday, 
January 7, 1997 (62 FR 923) relating to the computation of foreign 
taxes deemed paid under section 902.

EFFECTIVE DATE: January 7, 1997.

FOR FURTHER INFORMATION CONTACT: Caren S. Shein, (202) 622-3850 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations that are the subject of this correction are 
under section 902 of the Internal Revenue Code.

Need for Correction

    As published, the final regulations contain an error which may 
prove to be misleading and is in need of clarification.

Correction of Publication

    Accordingly, the publication of the final regulations (TD 8708), 
which are the subject of FR Doc. 97-153, is corrected as follows:


Sec. 1.902-3  [Corrected]

    On page 940, column 3, Sec. 1.902-3(l), the sixth line from the 
bottom of the paragraph, the language ``See Sec. 1.902-1(a)(13)(iii). 
For'' is corrected to read ``See Sec. 1.902-1 (a)(13)(i). For''.
Michael L. Slaughter,
Acting Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 97-3812 Filed 2-14-97; 8:45 am]
BILLING CODE 4830-01-U

Visit the Official Version

Document Information

Effective Date:: 1/7/1997
Published:: 02/18/1997
Department:: Internal Revenue Service
Entry Type:: Rule
Action:: Correction to final regulations.
Document Number:: 97-3812
Dates:: January 7, 1997.
Pages:: 7155-7155 (1 pages)
Docket Numbers:: TD 8708
RINs:: 1545-AL98: Deemed Paid Credit Under Section 902 Determined on Accumulated Basis
RIN Links:: https://www.federalregister.gov/regulations/1545-AL98/deemed-paid-credit-under-section-902-determined-on-accumulated-basis
PDF File:: 97-3812.pdf
CFR: (1): 26 CFR 1.902-3