Reporting of Specified Foreign Financial Assets; Correction
Proposed Rule; Correction.
This document contains corrections to a notice of proposed rulemaking (REG-130302-10), which was published in the Federal Register on Monday, December 19, 2011, relating to the reporting of specified foreign financial assets.
3 actions from December 19th, 2011 to December 2014
December 19th, 2011
March 19th, 2012
- NPRM Comment Period End
- Final Action
Table of Contents Back to Top
FOR FURTHER INFORMATION CONTACT: Back to Top
Joseph S. Henderson (202) 622-3880 (not a toll-free number).
SUPPLEMENTARY INFORMATION: Back to Top
Background Back to Top
The notice of proposed rulemaking that is the subject of these corrections are under section 6038 of the Internal Revenue Code.
Need for Correction Back to Top
As published on December 19, 2011, (76 FR 78594), the notice of proposed rulemaking (REG-130302-10), contains errors which may prove to be misleading and are in need of clarification.
PART 1—INCOME TAXES Back to Top
Paragraph 1. The authority citation for part 1 continues to read in part as follows:
PART 1—[CORRECTED] Back to Top
Par. 2. Section 1.6038D-6 is amended by revising paragraph (d)(3) to read as follows:
§ 1.6038D-6 Specified domestic entities.
* * * * *
(d) * * *
(3) * * * A trust described in section 7701(a)(30)(E) to the extent such trust or any portion thereof is treated as owned by one or more specified persons under sections 671 through 678 and the regulations issued under those sections.
* * * * *
Guy R. Traynor,
Federal Register Liaison, Legal Processing Division, Publications and Regulations Br., Procedure and Administration.
[FR Doc. 2012-3933 Filed 2-17-12; 8:45 am]
BILLING CODE 4830-01-P