Federal Register: November 8, 2007 (Volume 72, Number 216)
DOCID: fr08no07-21 FR Doc E7-21904
DEPARTMENT OF THE TREASURY
Internal Revenue Service
CFR Citation: 26 CFR Part 1
REG ID: [REG-140206-06]
NOTICE: PROPOSED RULES
ACTION: Income taxes:
DOCUMENT ACTION: Correction to notice of proposed rulemaking.
This document contains corrections to proposed regulations (REG14020606) that were published in the Federal Register on Wednesday, October 17, 2007 (72 FR 58781) regarding a withholding agent's obligation to withhold and report tax under Chapter 3 of the Internal Revenue Code when there is a distribution in redemption of stock of a corporation that is actively traded on an established financial market.
Corporate stock distribution; withholding agent's obligation to withhold and report tax; Correction,
DOCUMENT BODY 2:
Withholding Procedure Under Section 1441 for Certain
Distributions to Which Section 302 Applies; Correction
The notice of proposed rulemaking (REG14020606) that is the subject of this correction is under section 1441 of the Internal Revenue Code.
Need for Correction
As published, this notice of proposed rulemaking (REG14020606) contains an error that may prove to be misleading and is in need of clarification.
Correction of Publication
Accordingly, the notice of proposed rulemaking (REG14020606) that was the subject of FR Doc. E720504 is corrected as follows:
On page 58781, column 3, in the preamble, under the caption ``FOR
FOR FURTHER INFORMATION CONTACT
Kathryn Holman at (202) 622-3840 (not a''.