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CFR Citation: 26 CFR Part 1

RIN ID: RIN 1545-BC24

REG ID: [REG-128572-03]

NOTICE: PROPOSED RULES

ACTION: Income taxes:

DOCUMENT ACTION: Correction to an advance notice of proposed rulemaking.

SUBJECT CATEGORY: Application of Sections 265(a)(2) and 246A in Multi-Party Financing Arrangements; Request for Comments; Correction

DOCUMENT SUMMARY: This document contains a correction to an advance notice of proposed rulemaking that was published in the Federal Register on Friday, May 7, 2004 (69 FR 25534), soliciting comments and suggestions regarding the scope and details of regulations that may be proposed under section 7701(f) of the Internal Revenue Code to address the application of sections 265(a)(2) and 246A in transactions involving related parties, passthrough entities, or other intermediaries.

SUMMARY: Multi-party financing arrangements; Correction,

SUPPLEMENTAL INFORMATION

The advance notice of proposed rulemaking (REG12857203) that is the subject of this correction is under sections 246A, 265(a)(2) and 7701(f) of the Internal Revenue Code.

Need for Correction

As published, the advance notice of proposed rulemaking (REG 12857203) contains an error that may prove to be misleading and is in need of clarification.

Correction of Publication

Accordingly, the publication of the advance notice of proposed rulemaking (REG12857203), that was the subject of FR Doc. 0410476, is corrected as follows:

1. On page 25534, column 2, in the preamble under the paragraph heading ``Background'', second full paragraph, line 5, the language, ``200447 (200420 I.R.B.), which'' is corrected to read ``200447 (200421 I.R.B.), which''.
Cynthia E. Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration). [FR Doc. 0412159 Filed 52704; 8:45 am]
BILLING CODE 483001P

FOR FURTHER INFORMATION CONTACT Avital Grunhaus (202) 622-3930 (not a tollfree number).