Internal Revenue Service (IRS), Treasury.
This document corrects final regulations (TD 9222) that were published in the Federal Register on Thursday, August 25, 2005 (70 FR 49864). The final regulations under section 951(a) of the Internal Revenue Code (Code) provide guidance for determining a United States shareholder's pro rata share of a controlled foreign corporation's (CFC's) subpart F income, previously excluded subpart F income withdrawn from investment in less developed countries, and previously excluded subpart F income withdrawn from foreign base company shipping operations.
This correction is effective August 25, 2005.Start Further Info
FOR FURTHER INFORMATION CONTACT:
Jeffrey L. Vinnik, (202) 622-3840 (not a toll-free number).End Further Info End Preamble Start Supplemental Information
The final regulations (TD 9222) that are the subject of this correction are under section 951(a) of the Internal Revenue Code.
Need for Correction
As published, the final regulations (TD 9222) contain errors that may prove to be misleading and are in need of clarification.Start List of Subjects
List of Subjects 26 CFR Part 1End List of Subjects Start Printed Page 67906
Correction of PublicationStart Amendment Part
Accordingly,End Amendment Part Start Part
PART 1—INCOME TAXESEnd Part Start Amendment Part
End Amendment Part
1. In § 1.951-1(a), the undesignated paragraph is designated as paragraph (a)(3).End Amendment Part Start Amendment Part
2. Section 1.951-1(e)(6), paragraph (ii) ofEnd Amendment Part Start Amendment Part
3. Section 1.951-1(e)(6), paragraph (i) ofEnd Amendment Part Start Amendment Part
4. Section 1.951-1(e)(6), paragraph (i) ofEnd Amendment Part Start Signature
Cynthia E. Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 05-22260 Filed 11-8-05; 8:45 am]
BILLING CODE 4830-01-P