Page Range | 95541-95542 | |
FR Document | 2016-31358 |
[Federal Register Volume 81, Number 249 (Wednesday, December 28, 2016)] [Proposed Rules] [Pages 95541-95542] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-31358] ======================================================================= ----------------------------------------------------------------------- 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: 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 [[Page 95542]] determination of the amount of the United States property treated as held by a controlled foreign corporation (CFC) through a partnership. 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: 0 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''. Sec. 1.956-4 [Corrected] 0 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
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 | Proposed Rules | |
Action | Correction to a notice of proposed rulemaking. | |
Dates | Written or electronic comments and request for a public hearing are still being accepted and must be received by February 1, 2017. | |
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). | |
FR Citation | 81 FR 95541 | |
RIN Number | 1545-BN51 |