Internal Revenue Service (IRS), Treasury.
Correction to a notice of proposed rulemaking by cross reference to temporary regulations.
This document contains corrections to a notice of proposed rulemaking by cross-reference to temporary regulations (REG-140974-11) that was published in the Federal Register on Tuesday, December 31, 2013 (78 FR 79650). The proposed regulations provide guidance on determining the ownership of a passive foreign investment company (PFIC), the annual filing requirements for shareholders of PFICs, and an exclusion from certain filing requirements for shareholders that constructively own interests in certain foreign corporations.
The comment period for written or electronic comments and requests for a public hearing for the notice of proposed rulemaking by cross-reference to temporary regulations published at 78 FR 79650, December 31, 2013, ended on March 31, 2014.
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FOR FURTHER INFORMATION CONTACT:
Susan E. Massey at (202) 317-6934 (not a toll free number).
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The notice of proposed rulemaking by cross-reference to temporary regulations (REG-140974-11) that is the subject of this document is under sections 1297, 1298, 6038, and 6046 of the Internal Revenue Code.
Need for Correction
As published, the notice of proposed rulemaking by cross-reference to temporary regulations (REG-140974-11) contains errors that may prove to be misleading and are in need of clarification.
Correction of Publication
Accordingly, the notice of proposed rulemaking (REG-140974-11), that was the subject of FR Doc. 2013-30845, is corrected as follows:
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1. The authority citation for part 1 is amended by correcting the sectional authority for § 1.1298-1 to read in part as follows: End Amendment Part
Section 1.1298-1 also issued under 26 U.S.C. 1298(f) and (g) * * *
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2. On Page 79652, column 1, the seventh line from the top of the page, the language “as the text of § 1.1298-1T(h) published” is corrected to read “as the text of § 1.1298-1T published”. End Amendment Part
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Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2014-10858 Filed 5-12-14; 8:45 am]
BILLING CODE 4830-01-P