Notice of proposed rulemaking by cross-reference to temporary regulations and notice of public hearing; correction.
This document contains corrections to a notice of proposed rulemaking (REG-150066-08, 2009-5 I.R.B. 423) and notice of public hearing that was published in the Federal Register on Monday, December 29, 2008 (73 FR 79421), relating to foreign base company sales income.
The notice of proposed rulemaking and notice of public hearing that is subject to these corrections are under section 954 of the Internal Revenue Code.
As published the notice of proposed rulemaking and notice of public hearing contains errors that may prove to be misleading and are in need of correction.
Accordingly, the publication of the notice of proposed rulemaking and notice of public hearing (REG-150066-08), which was the subject of FR Doc. E8-30729, is corrected as follows:
1. On page 79422, column 1, in the preamble under the heading Background and Explanation of Provision, the last sentence, the language “The preamble to the temporary regulations explains these proposed regulations.” is corrected to read “The preamble to the temporary regulations explains the amendments.”
2. On page 79422, column 2, in the preamble under the heading Comments and Public Hearing, the first paragraph, line 3 the language “consideration will be give to any written” is corrected to read “consideration will be given to any written”.
3. On page 79422, column 3, in the preamble under the heading Part 1—Income Taxes, instructional paragraph 2, lines 5 and 6, the language “(b)(2)(ii)(e), (b)(4) Example (3), (c), and (d), and adding Examples 8 and 9 to” is corrected to read “(b)(2)(ii)(e) and (b)(4) Example (3), and adding Examples (8) and (9) to”.
4. On page 79423, column 1, §1.954-3, the third line of Example (8), the language “(8) is the same as the text of §1.954-3T” is corrected to read “(8) is the same as the text of §1.954-3T(b)(4)”.
5. On page 79423, column 1, §1.954-3, the third line of Example (9), the language “(9) is the same as the text of §1.954-3T(b)(4)”.
Guy R. Traynor,The Internal Revenue Bulletin is produced and published by the Internal Revenue Service and contains IRS pronouncements affecting tax analysis under the Code and the Regulations, including but not limited to Revenue Procedures, Revenue Rulings, Notices and Announcements. Access the IRS site at https://www.irs.gov/help/irsgov-accessibility for information concerning accessibility of IRS materials. While every effort has been made to ensure that the IRB database files available through the TouchTax application are accurate, those using TouchTax for legal research should verify their results against the printed versions of the IRBs available from the IRS.