This PDF is the current document as it appeared on Public Inspection on 03/07/2012 at 08:45 am.
Temporary regulations; correcting amendment.
This document contains corrections to temporary regulations (TD 9572), relating to dividend equivalents from sources within the United States.
Effective Date: March 8, 2012 and is applicable January 23, 2012.
FOR FURTHER INFORMATION CONTACT:
D. Peter Merkel (202) 622-3870.
The temporary regulations that are the subject of these corrections are under section 1441 of the Internal Revenue Code.
Need for Correction
As published, temporary regulations (TD 9572), published in the Federal Register on January 23, 2012 (77 FR 3108) contains errors which may prove to be misleading and are in need of clarification.
List of Subjects in 26 CFR Part 1
Correction of Publication
Accordingly, 26 CFR part 1 is corrected by making the following correcting amendments:
PART 1—INCOME TAXES
(a) * * *
(3) * * *
(i) [Reserved]. For further guidance, see § 1.1441-4T(a)(3)(i).
(iii) [Reserved]. For further guidance, see § 1.1441-4T(a)(3)(iii).
(a) * * *
(3) Income on notional principal contracts—(i) General rule. Except as otherwise provided in paragraph (a)(3)(iii) of this section, a withholding agent that pays amounts attributable to a notional principal contract described in § 1.863-7T(a) or § 1.988-2(e) shall have no obligation to withhold on the amounts paid under the terms of the notional principal contract regardless of whether a withholding certificate is provided. * * *
(a) * * *
(3) Examples. The following examples illustrate the rules of paragraph (a) of this section:
Example 6. [Reserved]. For further guidance, see § 1.1441-7T(a)(3)
Guy R. Traynor,
Federal Register Liaison, Publication and Regulations, Legal Processing Division, Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2012-5315 Filed 3-7-12; 8:45 am]
BILLING CODE 4830-01-P