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Guidance Under Section 958 on Determining Stock Ownership; Correction

This document corrects a correction to a final regulations (Treasury Decision 9960) published in the Federal Register on Tuesday, February 22, 2022. The final regulations concer...

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Department of the Treasury
Internal Revenue Service
  1. 26 CFR Part 1
  2. [TD 9960]
  3. RIN 1545-BP79

AGENCY:

Internal Revenue Service (IRS), Treasury.

ACTION:

Correction to a correction of a Treasury Decision.

SUMMARY:

This document corrects a correction to a final regulations (Treasury Decision 9960) published in the Federal Register on Tuesday, February 22, 2022. The final regulations concern the treatment of domestic partnerships for purposes of determining amounts included in the gross income of their partners with respect to foreign corporations.

DATES:

These corrections are effective on March 11, 2022, and applicable on or after February 22, 2022.

FOR FURTHER INFORMATION CONTACT:

Edward J. Tracy at (202) 317-6934 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

The final regulations (TD 9960) subject to this correction are issued under section 958 of the Internal Revenue Code.

Need for Correction

As published on February 22, 2022 (87 FR 9445), the final regulations (TD 9960) contain errors that need to be corrected.

Correction of Publication

Accordingly, the publication of the correction to a final regulation (TD 9960), which was the subject of FR Doc. 2022-03611, published on February 22, 2022 (87 FR 9445), is corrected to read as follows:

1. On page 9445, first column, under the caption RIN, the language “1545-BO59” is corrected to read “1545-BP79”.

2. On page 9445, first column, the subject heading, the language ( printed page 13936) “Guidance on Passive Foreign Investment Companies” is corrected to read “Guidance Under Section 958 on Determining Stock Ownership”.

Oluwafunmilayo A. Taylor,

Chief, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration).

[FR Doc. 2022-05177 Filed 3-10-22; 8:45 am]

BILLING CODE 4830-01-P

Legal Citation

Federal Register Citation

Use this for formal legal and research references to the published document.

87 FR 13935

Web Citation

Suggested Web Citation

Use this when citing the archival web version of the document.

“Guidance Under Section 958 on Determining Stock Ownership; Correction,” thefederalregister.org (March 11, 2022), https://thefederalregister.org/documents/2022-05177/guidance-under-section-958-on-determining-stock-ownership-correction.