Income taxes: Passive foreign investment companies Marketable stock; definition; correction,
FR, March 23, 1999 › Proposed rules › Internal Revenue Service
Linked as:Text
Federal Register: March 23, 1999 (Volume 64, Number 55)Proposed RulesPage 13939From the Federal Register Online via GPO Access [wais.access.gpo.gov]
DOCID:fr23mr99-23
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
REG-113744-98RIN 1545-AW69
Passive Foreign Investment Companies; Definition of Marketable Stock; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Correction to notice of proposed rulemaking.
SUMMARY: This document contains a correction to the notice of proposed rulemaking (REG-113744-98), which was published in the Federal Register Tuesday, February 2, 1999 (64 FR 5012), relating to the new mark to market election for stock of a passive foreign investment company.
FOR FURTHER INFORMATION CONTACT: Robert Laudeman (202) 622-3840 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The notice of proposed rulemaking that is the subject of this correction is under section 1296 of the Internal Revenue Code.
Need for Correction
As published, REG-113744-98 contains an error which may prove to be misleading and is in need of clarification.
Correction of Publication
Accordingly, the publication of the notice of proposed rulemaking (REG-113744-98), which was the subject of FR Doc. 99-1666, is corrected as follows:
On page 5012, column 1, in the preamble under the caption ADDRESSES, line 9, the language ``to: CC:DOM:CORP:R (REG-110524-98),'' is corrected to read ``to: CC:DOM:CORP:R (REG-113744-98),''.
Cynthia E. Grigsby,
Chief, Regulations Unit Assistant Chief Counsel (Corporate).
FR Doc. 99-6949Filed3-22-99; 8:45 amBILLING CODE 4830-01-U
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