Treasury Department, Internal Revenue Service
This document contains a correction to a notice of proposed rulemaking that was published in the Federal Register on April 8, 2020. The proposed regulations that adjust hybrid deduction accounts to take into account earnings and profits of a controlled foreign corporation that are included in income by a United States shareholder.
Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Department of the Treasury Internal Revenue Service 26 CFR Part 1 [REG-106013-19] RIN 1545-BP22 AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Correction to a notice of proposed rulemaking. SUMMARY: This document contains a correction to a notice of proposed rulemaking that was published in the Federal Register on April 8, 2020. The proposed regulations that adjust hybrid deduction accounts to take into account earnings and profits of a controlled foreign corporation that are included in income by a United States shareholder. DATES: This correction is effective on August 11, 2020 and is applicable beginning April 8, 2020. FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations under section 951A, Jorge M. Oben at (202) 317-6934; concerning all other proposed regulations, Richard F. Owens at (202) 317-6501 (not toll-free numbers). SUPPLEMENTARY INFORMATION: Background The proposed regulations that are the subject of this correction are under section 245A of the Internal Revenue Code. Need for Correction As published, the notice of proposed regulations (REG-106013-19) contained errors that need to be corrected. Correction of Publication Accordingly, the notice of proposed rulemaking (REG-106013-19) that was the subject of FR Doc. 2020-05923 , published at 85 FR 19858 (April 8, 2020), is corrected to read as follows: § 1.951A-2 [Corrected] 1. On page 19872, first column, the fifth line of paragraph (c)(6)(i), the language “allocated or&r…
Other Federal Register documents from the same docket.
Citation: 85 FR 48485
