Internal Revenue Bulletin: 2007-40 |
October 1, 2007 |
Table of Contents
This document contains corrections to final and temporary regulations (T.D. 9332, 2007-32 I.R.B. 300) that were published in the Federal Register on Monday, June 25, 2007 (72 FR 34600) relating to the exclusion from gross income of income derived by certain foreign corporations engaged in the international operation of ships or aircraft.
The final and temporary regulations that are the subject of this correction are under section 883 of the Internal Revenue Code.
As published, final and temporary regulations (T.D. 9332) contain an error that may prove to be misleading and is in need of clarification.
* * * * *
Accordingly, 26 CFR part 1 is corrected by making the following correcting amendment:
Paragraph 1. The authority citation for part 1 continues to read in part as follows:
Authority: 26 U.S.C. 7805 * * *
Par. 2. Section 1.883-1 is amended by revising paragraph (h)(3) to read as follows:
* * * * *
(h) * * *
(3) For further guidance, see the entry for § 1.883-1T(h)(3).
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LaNita Van Dyke,
Chief,
Publications and Regulations Branch,
Legal Processing Division,
Associate
Chief Counsel
(Procedure and Administration).
Note
(Filed by the Office of the Federal Register on August 10, 2007, 8:45 a.m., and published in the issue of the Federal Register for August 13, 2007, 72 F.R. 45159)
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