81 FR 95541 - United States Property Held by Controlled Foreign Corporations Through Partnerships With Special Allocations; Correction

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 81, Issue 249 (December 28, 2016)

Page Range		95541-95542
FR Document		2016-31358

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 determination of the amount of the United States property treated as held by a controlled foreign corporation (CFC) through a partnership.

Federal Register, Volume 81 Issue 249 (Wednesday, December 28, 2016)

[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]


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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

Federal Register / Vol. 81, No. 249 / Wednesday, December 28, 2016 / Proposed Rules 95541

caused by TSA/CAA surface treatment in International Branch, ANM–116, Transport collection of information displays a current
certain bulk cargo door frame holes. Cracks Airplane Directorate, FAA; or the European valid OMB Control Number. The OMB
in the bulk cargo door frames can cause the Aviation Safety Agency (EASA); or Airbus’s Control Number for this information
in-flight loss of a bulk cargo door, damage to EASA Design Organization Approval (DOA). collection is 2120–0056. Public reporting for
the airplane and subsequent reduced control this collection of information is estimated to
of the airplane. (j) Terminating Action
be approximately 5 minutes per response,
Accomplishment of a repair on an airplane, including the time for reviewing instructions,
(f) Compliance as required by paragraph (i) of this AD, does completing and reviewing the collection of
Comply with this AD within the not constitute terminating action for the information. All responses to this collection
compliance times specified, unless already inspections required by this AD for that of information are mandatory. Comments
done. airplane, unless otherwise specified in repair concerning the accuracy of this burden and
instructions approved by the Manager, suggestions for reducing the burden should
(g) Initial Inspection International Branch, ANM–116, Transport be directed to the FAA at: 800 Independence
At the applicable compliance time Airplane Directorate, FAA; or EASA; or Ave. SW., Washington, DC 20591, Attn:
specified in table 1 to paragraph (g) of this Airbus’s EASA DOA. Information Collection Clearance Officer,
AD, do the actions specified in paragraph AES–200.
(g)(1) or (g)(2) of this AD, in accordance with (k) Reporting
the instructions of Airbus Alert Operators After the initial inspection specified in (m) Related Information
Transmission (AOT), AOT A53L012–16, paragraph (g) of this AD, and after each (1) Refer to Mandatory Continuing
Revision 00, dated May 30, 2016. repetitive inspection specified in paragraph Airworthiness Information (MCAI) EASA AD
(1) Accomplish a rototest inspection to (h) of this AD, at the applicable times 2016–0102, dated June 1, 2016; corrected
detect cracking of the holes for the bulk cargo specified in paragraph (k)(1) and (k)(2) of this June 7, 2016, for related information. You
door support fittings at fuselage frame (FR) AD: Report inspection findings, both positive may examine the MCAI on the Internet at
67 and FR 69, and a high-frequency eddy- and negative, to Airbus in accordance with http://www.regulations.gov by searching for
current (HFEC) inspection of the holes for the the instructions of Airbus AOT A53L012–16, and locating Docket No. FAA–2016–9517.
door latch fitting at FR 69. Revision 00, dated May 30, 2016. (2) For service information identified in
(2) Accomplish a detailed visual inspection (1) If the inspection was done on or after this AD, contact Airbus SAS, Airworthiness
to detect cracking in the bulk cargo door the effective date of this AD: Submit the
Office—EAL, 1 Rond Point Maurice Bellonte,
support fittings at FR 67 and FR 69 and the report within 30 days after the inspection.
31707 Blagnac Cedex, France; telephone +33
holes for the door latch fitting at FR 69. (2) If the inspection was done before the
5 61 93 36 96; fax +33 5 61 93 45 80; email
effective date of this AD: Submit the report
airworthiness.A330-A340@airbus.com;
TABLE 1 TO PARAGRAPH (g) OF THIS within 30 days after the effective date of this
Internet http://www.airbus.com. You may
AD.
AD—INITIAL INSPECTION view this service information at the FAA,
(l) Other FAA AD Provisions Transport Airplane Directorate, 1601 Lind
Total flight cycles The following provisions also apply to this Avenue SW., Renton, WA. For information
accumulated since AD: on the availability of this material at the
airplane first flight, on Compliance time FAA, call 425–227–1221.
the effective date of (1) Alternative Methods of Compliance
this AD (AMOCs): The Manager, International Issued in Renton, Washington, on
Branch, ANM–116, Transport Airplane December 2, 2016.
12,500 total flight cy- Within 200 flight cy- Directorate, FAA, has the authority to Michael Kaszycki,
cles or more. cles or 2 months, approve AMOCs for this AD, if requested
using the procedures found in 14 CFR 39.19. Acting Manager, Transport Airplane
whichever occurs Directorate, Aircraft Certification Service.
first, after the effec- In accordance with 14 CFR 39.19, send your
tive date of this AD. request to your principal inspector or local [FR Doc. 2016–30611 Filed 12–27–16; 8:45 am]
Fewer than 12,500 Within 200 flight cy- Flight Standards District Office, as BILLING CODE 4910–13–P
total flight cycles. cles or 2 months, appropriate. If sending information directly
whichever occurs to the International Branch, send it to ATTN:
first, after exceed- Vladimir Ulyanov, Aerospace Engineer,
International Branch, ANM–116, Transport DEPARTMENT OF THE TREASURY
ing 12,500 flight cy-
cles. Airplane Directorate, FAA, 1601 Lind
Avenue SW., Renton, WA 98057–3356; Internal Revenue Service
telephone 425–227–1138; fax 425–227–1149.
(h) Repetitive Inspections
Information may be emailed to: 9-ANM-116- 26 CFR Part 1
At intervals not to exceed the values AMOC-REQUESTS@faa.gov. Before using
specified in table 2 to paragraph (h) of this any approved AMOC, notify your appropriate [REG–114734–16]
AD, as applicable, depending on the principal inspector, or lacking a principal
previously selected inspection method, inspector, the manager of the local flight RIN 1545–BN51
repeat the inspection(s) specified in either standards district office/certificate holding
paragraph (g)(1) or (g)(2) of this AD. district office. The AMOC approval letter United States Property Held by
must specifically reference this AD. Controlled Foreign Corporations
TABLE 2 TO PARAGRAPH (h) OF THIS (2) Contacting the Manufacturer: For any Through Partnerships With Special
AD—REPETITIVE INSPECTIONS requirement in this AD to obtain corrective Allocations; Correction
actions from a manufacturer, the action must
be accomplished using a method approved AGENCY: Internal Revenue Service (IRS),
Inspection method Inspection interval Treasury.
by the Manager, International Branch, ANM–
Detailed visual in- 150 flight cycles. 116, Transport Airplane Directorate, FAA; or ACTION: Correction to a notice of
EASA; or Airbus’s EASA DOA. If approved
sradovich on DSK3GMQ082PROD with PROPOSALS

spection. proposed rulemaking.
Rototest and HFEC 2,900 flight cycles. by the DOA, the approval must include the
inspections. DOA-authorized signature. SUMMARY: This document contains
(3) Reporting Requirements: A federal corrections to a notice of proposed
agency may not conduct or sponsor, and a
(i) Repair person is not required to respond to, nor
rulemaking (REG–114734–16) that was
If, during any inspection required by shall a person be subject to a penalty for published in the Federal Register on
paragraph (g) or (h) of this AD, any crack is failure to comply with a collection of Thursday, November 3, 2016 (81 FR
detected, before further flight, repair using a information subject to the requirements of 76542). The proposed regulations
method approved by the Manager, the Paperwork Reduction Act unless that provide rules regarding the

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95542 Federal Register / Vol. 81, No. 249 / Wednesday, December 28, 2016 / Proposed Rules

determination of the amount of the thereunder and does not have a on the submission): Regulations
United States property treated as held principal’’. Comments Desk (External Policy
by a controlled foreign corporation Program, Strategy and Performance
Martin V. Franks,
(CFC) through a partnership. Division (SP)); Suite 4100; National
Chief, Publications and Regulations Branch,
DATES: Written or electronic comments Archives and Records Administration;
Legal Processing Division, Associate Chief
and request for a public hearing are still Counsel, (Procedure and Administration). 8601 Adelphi Road; College Park, MD
being accepted and must be received by 20740–6001
[FR Doc. 2016–31358 Filed 12–27–16; 8:45 am]
February 1, 2017. • Hand delivery or courier: Deliver
BILLING CODE 4830–01–P
comments to the front desk at the
ADDRESSES: Send submissions to: address above.
CC:PA:LPD:PR (REG–114734–16), Room Instructions: You must include on all
5203, Internal Revenue Service, P.O. NATIONAL ARCHIVES AND RECORDS submissions the Regulatory Information
Box 7604, Ben Franklin Station, ADMINISTRATION Number (RIN) for this rulemaking (RIN
Washington, DC 20044. Submissions 3095–AB87) and NARA’s name. We
may be hand-delivered Monday through 36 CFR Part 1270
may publish any comments we receive
Friday between the hours of 8 a.m. and [FDMS No. NARA–16–0005; NARA–2017– without changes, including any
4 p.m. to CC:PA:LPD:PR (REG–114734– 011] personal information you provide.
16), Courier’s Desk, Internal Revenue RIN 3095–AB87 FOR FURTHER INFORMATION CONTACT:
Service, 1111 Constitution Avenue NW., Kimberly Keravuori, by email at
Washington, DC, or sent electronically Presidential Records regulation_comments@nara.gov, or by
via the Federal eRulemaking Portal at telephone at 301–837–3151.
http://www.regulations.gov (IRS REG– AGENCY: National Archives and Records
Administration (NARA). SUPPLEMENTARY INFORMATION:
114734–16).
ACTION: Proposed rule. Background
FOR FURTHER INFORMATION CONTACT:
Concerning the proposed regulations, SUMMARY: We are proposing to revise We are revising our regulations
Rose E. Jenkins, (202) 317–6934; this regulation to reflect changes governing Presidential and Vice
concerning submissions of comments or instituted by the Presidential and Presidential records to incorporate
request for a public hearing, Regina Federal Records Acts Amendments of changes made by the Presidential and
Johnson, (202) 317–6901 (not a toll-free 2014 (2014 Amendments). These Federal Records Act Amendments of
number). Amendments in part added new 2014, (‘‘2014 Amendments,’’ Pub. L.
SUPPLEMENTARY INFORMATION: requirements to the Presidential Records 113–187, 128 Stat. 1017).
Act (PRA), which went into effect in The 2014 Amendments made several
Background 2014 and remain in effect, even without changes to the Presidential Records Act
this proposed regulatory revision. The (44 U.S.C. 2201–2209). The most
The notice of proposed rulemaking
proposed changes make clear that, when substantial change was codifying the
(REG–114734–16) that is the subject of
we maintain electronic Presidential procedures by which we notify former
this document is under sections 954 and
records on behalf of the President before and incumbent Presidents so that they
956 of the Internal Revenue Code.
the President’s term of office expires, may consider whether to restrict public
Need for Correction the President retains exclusive control access to Presidential records of former
over the records. In addition, the Presidents that are in our legal custody.
As published, the notice of proposed
proposed changes establish procedures This privilege review process was
rulemaking (REG–114734–16) contains
that we will follow to notify an previously controlled by an Executive
errors that may prove to be misleading
incumbent President and former Order, subject to change by any sitting
and are in need of clarification.
President when we propose to disclose administration. Because Congress
Correction of Publication Presidential records to the public, codified the privilege review process for
Congress, the courts, or the incumbent public disclosures in the 2014
Accordingly, the notice of proposed President under the provisions of the Amendments, we are revising the
rulemaking, (REG–114734–16), that was PRA allowing for access to Presidential regulation to set out processes for giving
the subject of FR Doc. 2016–26424, is records otherwise subject to restrictions. notice in such cases, and for former or
corrected as follows: We began the regulatory revision incumbent Presidents to consider
■ 1. On page 76543, first column, in the process in response to the 2014 whether to assert a constitutionally
preamble, the sixth line from the top of Amendments and issue this updated based privilege.
the page, the language, ‘‘property that regulation to reduce confusion about The 2014 Amendments did not codify
does not have a principal’’ is corrected access to Presidential records in light of the provisions of the Executive Order
to read ‘‘property that is respected for these recent changes in the law. allowing for notification to the former
Federal income tax purposes under DATES: Submit comments by January 27, and incumbent President when
section 704(b) and the regulations 2017. Congress, the courts, or the incumbent
thereunder and does not have a ADDRESSES: You may submit comments, President (instead of the public) makes
principal’’. identified by RIN 3095–AB87, by any of the request for records subject to access
restrictions. To ensure that the former
sradovich on DSK3GMQ082PROD with PROPOSALS

§ 1.956–4 [Corrected] the following methods:
• Federal eRulemaking Portal: http:// and incumbent Presidents are given
■ 2. On page 76543, third column, third www.regulations.gov. Follow the notice and an opportunity to consider
line from the bottom of paragraph instructions for submitting comments. whether to assert a constitutionally
(b)(2)(ii), the language ‘‘allocation does • Email: Regulation_comments@ based privilege in those circumstances
not have a principal’’ is corrected to nara.gov. Include RIN 3095–AB87 in the as well, we are revising our regulation
read ‘‘allocation will be respected for subject line of the message. to set out procedures we follow prior to
Federal income tax purposes under • Mail (for paper, disk, or CD–ROM disclosing records under the PRA’s
section 704(b) and the regulations submissions. Include RIN 3095–AB87 exceptions to restricted access, which

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Document Created: 2016-12-28 02:17:04
Document Modified: 2016-12-28 02:17:04

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

81 FR 95541 - United States Property Held by Controlled Foreign Corporations Through Partnerships With Special Allocations; Correction

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 81, Issue 249 (December 28, 2016)

DEPARTMENT OF THE TREASURY
Internal Revenue Service