Internal Revenue Bulletin: 2007-51
December 17, 2007
Withholding Procedure Under Section 1441 for Certain Distributions to Which Section 302 Applies; Correction
Table of Contents
This document contains corrections to proposed regulations (REG-140206-06, 2007-46 I.R.B. 1006) 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.
The notice of proposed rulemaking (REG-140206-06) that is the subject of this correction is under section 1441 of the Internal Revenue Code.
As published, this notice of proposed rulemaking (REG-140206-06) contains an error that may prove to be misleading and is in need of clarification.
Accordingly, the notice of proposed rulemaking (REG-140206-06) that was the subject of FR. Doc. E7-20504 is corrected as follows:
On page 58781, column 3, in the preamble, under the caption “FOR FURTHER INFORMATION CONTACT:”, line 2, the language “Kathryn Holman, (202) 622-3440 (not a” is corrected to read “Kathryn Holman, (202) 622-3840 (not a”.
LaNita Van Dyke,
Chief, Publications and
Legal Processing Division,
Associate Chief Counsel
(Procedure and Administration).
(Filed by the Office of the Federal Register on November 7, 2007, 8:45 a.m., and published in the issue of the Federal Register for November 8, 2007, 72 F.R. 63143)
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