Skip to Content

Proposed Rule

Net Investment Income Tax; Correction

Document Details

Information about this document as published in the Federal Register.

Enhanced Content

Relevant information about this document from Regulations.gov provides additional context. This information is not part of the official Federal Register document.

Published Document

This document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.

Start Preamble

AGENCY:

Internal Revenue Service (IRS), Treasury.

ACTION:

Correction to notice of proposed rulemaking and notice of public hearing.

SUMMARY:

This document contains corrections to a notice of proposed rulemaking and notice of public hearing (REG-130507-11) that was published in the Federal Register on Wednesday, December 5, 2012 (77 FR 72612). The proposed regulations provide guidance under section 1411 of the Internal Revenue Code.

Start Further Info

FOR FURTHER INFORMATION CONTACT:

David H. Kirk, or Adrienne Mikolashek at (202) 622-3060 (not a toll free number).

End Further Info End Preamble Start Supplemental Information

SUPPLEMENTARY INFORMATION:

Background

The notice of proposed rulemaking and notice of public hearing (REG-130507-11) that is the subject of these corrections is under Section 1411 of the Internal Revenue Code.

Need for Correction

As published, the notice of proposed rulemaking and notice of public hearing (REG-130507-11) contains errors that may prove to be misleading and are in need of clarification.

Correction of Publication

Accordingly, the notice of proposed rulemaking and notice of public hearing (REG-130507-11), that was the subject of FR Doc. 2012-29238, is corrected as follows:

Start Amendment Part

1. On page 72612, in the preamble, column 1, under the caption

End Amendment Part Start Amendment Part

2. On page 72621, in the preamble, column 2, line 3, the language “corporation, is engaged in trade or” is corrected to read “corporation, is engaged in a trade or”.

End Amendment Part Start Amendment Part

3. On page 72630, in the preamble, column 3, line 7, the language “the meaning section 316(a), or any gain” is corrected to read “the meaning of section 316(a), or any gain”.

End Amendment Part Start Amendment Part

4. On page 72631, in the preamble, column 3, line 13 from the bottom of the column, the language “adjusted gross, or the estate's or trust's” is corrected to read “adjusted gross income, or the estate's or trust's”.

End Amendment Part
[Corrected]
Start Amendment Part

5. On page 72638, column 3, under the paragraph heading § 1.1411-4 Definition of net investment income., § 1.1411-4(c)(2), line 3, the language “described in § 1.1411-5(a)(2)),” is corrected to read “described in § 1.1411-5(a)(2),”.

End Amendment Part
[Corrected]
Start Amendment Part

6. On page 72646, column 1, under the paragraph heading § 1.1411-7 Exception for dispositions of interests in partnerships and S corporations., § 1.1411-7(b)(4), line 2, the language ” Because both properties are used in PRS's in” is corrected to read “Because both properties are used in PRS's”.

End Amendment Part Start Amendment Part

7. On Page 72646, column 1, under the same paragraph heading, § 1.1411-7(b)(4)

End Amendment Part Start Amendment Part

8. On Page 72646, column 2, under the same paragraph heading, § 1.1411-7(b)(4)

End Amendment Part
[Corrected]
Start Amendment Part

9. On page 72649, column 1, under the paragraph heading § 1.1411-10 Controlled foreign corporations and passive foreign investment companies., § 1.1411-10(d)(1)(i), line 5, the language ” by an individual, estate or trust” is corrected to read ” by an individual, estate, or trust”.

End Amendment Part Start Amendment Part

10. On page 72649, column 2, under the same paragraph heading, § 1.1411-10(d)(1)(i)(B), line 2, the language “individual, estate or trust pursuant to” is corrected to read “individual, estate, or trust pursuant to”.

End Amendment Part Start Amendment Part

11. On page 72651, column 1, under the same paragraph heading, § 1.1411-10(h)

End Amendment Part Start Signature

LaNita VanDyke,

Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration).

End Signature End Supplemental Information

[FR Doc. 2013-02039 Filed 1-30-13; 8:45 am]

BILLING CODE 4830-01-P