Notices. Final regulations; correction

436 words·~2 min read·/register/2016/12/28/2016-31364

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BILLING CODE 4830-01-P 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 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 § 1.956-” is corrected to read “generally is consistent with existing § 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 “§ 1.956-2(a)(3) nor proposed § 1.956-” is corrected to read “existing § 1.956-2(a)(3) nor proposed § 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 “§ 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]

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26 CFR 1
T.D. 9792

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Notices

Final regulations; correction

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Treas. Dec.T.D. 9792

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