80 FR 68288 - Treatment of Certain Transfers of Property to Foreign Corporations; Correction

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 80, Issue 213 (November 4, 2015)

This document contains corrections to a notice of proposed rulemaking (REG-139483-13) that was published in the Federal Register on Wednesday, September 16, 2015 (80 FR 55568). The proposed regulations are relating to certain transfers of property by United States persons to foreign corporations.

[Federal Register Volume 80, Number 213 (Wednesday, November 4, 2015)]
[Proposed Rules]
[Pages 68288-68289]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-28013]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-139483-13]
RIN 1545-BL87


Treatment of Certain Transfers of Property to Foreign 
Corporations; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

[[Page 68289]]


ACTION: Correction to a notice of proposed rulemaking.

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SUMMARY: This document contains corrections to a notice of proposed 
rulemaking (REG-139483-13) that was published in the Federal Register 
on Wednesday, September 16, 2015 (80 FR 55568). The proposed 
regulations are relating to certain transfers of property by United 
States persons to foreign corporations.

DATES: Written or electronic comments and requests for a public hearing 
for the notice of proposed rulemaking published at 80 FR 55568, 
September 16, 2015 are still being accepted and must be received by 
December 15, 2015.

FOR FURTHER INFORMATION CONTACT: Ryan A. Bowmen at (202) 317-6937 (not 
a toll free number).

SUPPLEMENTARY INFORMATION: 

Background

    The notice of proposed rulemaking (REG-139483-13) that is the 
subject of these corrections is under section 367 of the Internal 
Revenue Code.

Need for Correction

    As published, the notice of proposed rulemaking (REG-139483-13) 
contains errors that may prove to be misleading and are in need of 
clarification.

Correction of Publication

    Accordingly, the notice of proposed rulemaking (REG-139483-13), 
that was the subject of FR Doc. 2015-23279, is corrected as follows:
    1. On page 55571, in the preamble, third column, fourth line from 
the top of the column, the language ``intangible property. The 
proposed'' is corrected to read ``intangible property. The specific 
provisions of the temporary regulations that will be replaced by the 
proposed regulations will be removed upon finalization. The proposed''.
    2. On page 55571, in the preamble, third column, sixth line from 
the bottom of the column, the language ``under proposed Sec.  1.367(a)-
2. The'' is corrected to read ``under proposed Sec.  1.367(a)-2. 
Accordingly, upon finalization of the proposed regulations, current 
Sec. Sec.  1.367(a)-2T, 4T, and 5T will be removed. The''.


Sec.  1.367(a)-4  [Corrected]

    3. On Page 55580, first column, the twenty-sixth line of paragraph 
(a)(1)(ii), the language ``paragraph (b)(3) the term ``related'' is 
corrected to read ``paragraph (a)(3) the term ``related''.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 2015-28013 Filed 11-3-15; 8:45 am]
 BILLING CODE 4830-01-P