Page Range | 95470-95471 | |
FR Document | 2016-31364 |
[Federal Register Volume 81, Number 249 (Wednesday, December 28, 2016)] [Rules and Regulations] [Pages 95470-95471] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-31364] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 [TD 9792] RIN 1545-BJ48 United States Property Held by Controlled Foreign Corporations in Transactions Involving Partnerships; Rents and Royalties Derived in the Active Conduct of a Trade or Business; Correction AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Final regulations; correction. ----------------------------------------------------------------------- SUMMARY: This document contains corrections to the final regulations (TD 9792) that were published in the Federal Register on Thursday, November 3, 2016 (81 FR 76497). The final regulations provide rules regarding the treatment as United States property of property held by a controlled foreign corporation (CFC) in connection with certain transactions involving partnerships. DATES: This correction is effective December 28, 2016 and is applicable on or after November 3, 2016. FOR FURTHER INFORMATION CONTACT: Rose E. Jenkins, at (202) 317-6934 (not a toll-free number). SUPPLEMENTARY INFORMATION: Background The final regulations (TD 9792) that are the subject of this correction are [[Page 95471]] under sections 954 and 956 of the Internal Revenue Code. Need for Correction As published, the final regulations (TD 9792) contain errors that may prove to be misleading and are in need of clarification. Correction of Publication Accordingly, the final regulations (TD 9792), that are the subject of FR Doc. 2016-26425, are corrected as follows: 1. On page 76499, third column, in the preamble, the eighth line from the bottom of the last paragraph, the language ``generally is consistent with Sec. 1.956-'' is corrected to read ``generally is consistent with existing Sec. 1.956-''. 2. On page 76500, first column, in the preamble, the fourth line from the top of the page, the language ``that is not included in the final or'' is corrected to read ``that is not included in the existing final or''. 3. On page 76500, first column, in the preamble, the seventh line in the first full paragraph, the language ``Sec. 1.956-2(a)(3) nor proposed Sec. 1.956-'' is corrected to read ``existing Sec. 1.956- 2(a)(3) nor proposed Sec. 1.956-''. 4. On page 76500, first column, in the preamble, the eighth line in the first full paragraph, the language ``4(b) include the limitation. A comment'' is corrected to read ``4(b) includes the limitation. A comment''. 5. On page 76500, third column, in the preamble, the eleventh line from the top of the first full paragraph, the language is corrected to read ``book-up''. 6. On page 76501, first column, in the preamble, the eighth line of the first full paragraph, the language is corrected to read ``Sec. 1.956-4(b)(2)(ii)''. Martin V. Franks, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration). [FR Doc. 2016-31364 Filed 12-27-16; 8:45 am] BILLING CODE 4830-01-P
Category | Regulatory Information | |
Collection | Federal Register | |
sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
Publisher | Office of the Federal Register, National Archives and Records Administration | |
Section | Rules and Regulations | |
Action | Final regulations; correction. | |
Dates | This correction is effective December 28, 2016 and is applicable on or after November 3, 2016. | |
Contact | Rose E. Jenkins, at (202) 317-6934 (not a toll-free number). | |
FR Citation | 81 FR 95470 | |
RIN Number | 1545-BJ48 |