Rules and Regulations. Correction to notice of proposed rulemaking by cross-reference to temporary regulations

Agency: Internal Revenue Service (IRS), Treasury
Action: Correction to notice of proposed rulemaking by cross-reference to temporary regulations
Citation: FR Doc. 2011-22067 · RIN 1545-BK41 · REG-126519-11 · 26 CFR 1

Summary

This document contains corrections to a notice of proposed rulemaking by cross-reference to temporary regulations that were published in the Federal Register on Monday, July 18, 2011. These regulations address certain highly structured arrangements that produce inappropriate foreign tax credit results.

Supplementary Information

Background The notice of proposed rulemaking by cross-reference to temporary regulations (REG-126519-11) that is the subject of this correction is under section 901 of the Internal Revenue Code. Need for Correction As published July 18, 2011 (76 FR 42076), the notice of proposed rulemaking by cross-reference to temporary regulations (REG-126519-11) contains errors that may prove to be misleading and are in need of clarification. Correction of Publication Accordingly, the notice of proposed rulemaking by cross-reference to temporary regulations (REG-126519-11), that was the subject of FR Doc. 2011-17919, is corrected as follows: Section 1.901-2 is amended by adding paragraphs (e)(5)(iv)(B)( 1 )( iii ) and (h)(3) to read as follows: § 1.901-2 Income, war profits, or excess profits tax paid or accrued. (e) * * * (5) * * * (iv) * * * (B) * * * ( 1 ) * * * ( iii ) [The text of proposed § 1.901-2(e)(5)(iv)(B)( 1 )( iii ) is the same as the text of § 1.901-2T(e)(5)(iv)(B)( 1 )( iii ) published elsewhere in this issue of the Federal Register. ] (h) * * * (3) [The text of proposed § 1.901-2(h)(3) is the same as the text of § 1.901-2T(h)(3) published elsewhere in this issue of the Federal Register .] Treena V. Garrett, Federal Register Liaison, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, Procedure and Administration. [FR Doc. 2011-22067 Filed 8-29-11; 8:45 am]