This document contains corrections to notice of proposed rulemaking by cross-reference to temporary regulations (REG-138707-06, 2007-32 I.R.B. 342) that were published in the Federal Register on Monday, June 25, 2007 (72 FR 34650) modifying final regulations issued under section 883(a) and (c) of the Internal Revenue Code, relating to income derived by foreign corporations from the international operation of ships or aircraft.
The notice of proposed rulemaking by cross-reference to temporary regulations that are the subject of this correction are under section 883 (a) and (c) of the Internal Revenue Code.
As published, notice of proposed rulemaking by cross-reference to temporary regulations (REG-138707-06) contains errors that may prove to be misleading and are in need of clarification.
Accordingly, the publication of the proposed regulations (REG-138707-06), which was the subject of FR Doc. E7-12037, is corrected as follows:
1. On page 34650, column 2, in the preamble, under the paragraph heading “Paperwork Reduction Act”, line 1 of the fourth paragraph, the language “Whether the proposed collection of” is corrected to read “Whether the proposed collections of”.
2. On page 34650, column 2, in the preamble, under the paragraph heading “Paperwork Reduction Act”, line 2 of the fifth paragraph, the language “associated with the proposed collection” is corrected to read “associated with the proposed collections”.
3. On page 34651, column 1, in the preamble, under the paragraph heading “Comments and Public Hearing”, line 7, the language “and Treasury Department specifically” is corrected to read “and the Treasury Department specifically”.
4. On page 34651, column 2, in the preamble, under the paragraph heading “Drafting Information”, line 5, the language “personnel from the IRS and Treasury” is corrected to read “personnel from the IRS and the Treasury”.
LaNita Van Dyke,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.