Internal Revenue Service (IRS), Treasury.
Correction to temporary regulation.
This document contains a correction to temporary regulations that were published in the Federal Register on Thursday, December 8, 2005 (70 FR 72908) that provide certain elections for taxpayers that continue to be subject to the PFIC excess distribution regime of section 1291 even though the foreign corporation in which they own stock is no longer treated as a PFIC under section 1297(a) or (e).Start Further Info
FOR FURTHER INFORMATION CONTACT:
Ethan Atticks, (202) 622-3840 (not a toll-free number).End Further Info End Preamble Start Supplemental Information
The temporary regulation that is the subject of this correction is under sections 1291(d)(2), 1297(e) and 1298(b)(1) of the Internal Revenue Code.
Need for Correction
As published, the temporary regulation (TD 9232) contain an error that may prove to be misleading and is in need of clarification.
Correction of PublicationStart Amendment Part
Accordingly, the publication of the temporary regulation (TD 9232), which were the subject of FR Doc.End Amendment Part Start Amendment Part
On page 72909, column 1, in the preamble under the caption headingEnd Amendment Part Start Signature
Cynthia E. Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 06-683 Filed 1-24-06; 8:45 am]
BILLING CODE 4830-01-P