Source Rules Involving U.S. Possessions and Other Conforming Changes; Correction, 27728-27729 [E8-10695]

Download as PDF 27728 Federal Register / Vol. 73, No. 94 / Wednesday, May 14, 2008 / Rules and Regulations (3) You must provide adequate documentation of your basis for determining that compliance with the specification(s) selected under paragraph (c)(1) of this section, through the use of appropriate tests or examinations conducted under paragraph (c)(2) of this section, will ensure that your finished batch of the dietary supplement meets all product specifications for identity, purity, strength, and composition, and the limits on those types of contamination that may adulterate, or that may lead to the adulteration of, the dietary supplement; and * * * * * List of Subjects 26 CFR Part 1 Income taxes, Reporting and recordkeeping requirements. § 1.937–2 [Amended] Par. 5. Section 1.937–2 is amended as follows: In paragraph (k) Example 2. (i), the fourth sentence, the language ‘‘On June 1, 2010, R’s interest in Partnership P is not a marketable security within the meaning of section 731(c)(2).’’ is removed and the language ‘‘On June 1, 2010, R’s interest in Partnership P is not a marketable security within the meaning of paragraph (f)(1)(vii)(A) of this section.’’ is added in its place. § 1.937–3 Paragraph 1. The authority citation for part 1 continues to read, in part, as follows: Par. 6. Section 1.937–3 is amended as follows: In paragraph (e) Example 5. (ii), the last sentence, the language ‘‘Accordingly, the U.S. income rule of section 937(b)(2), § 1.937–2(c)(1), and paragraph (c)(1) of this section does not operate to prevent Corporation B’s services income from being Territory X source or Possession X effectively connected income within the meaning of section 937(b)(1).’’ is removed and the language ‘‘Accordingly, the U.S. income rule of section 937(b)(2), § 1.937–2(c)(1), and paragraph (c)(1) of this section does not operate to prevent Corporation B’s services income from being Possession X source or Possession X effectively connected income within the meaning of section 937(b)(1).’’ is added in its place. I 26 CFR Part 301 Employment taxes, Estate taxes, Excise taxes, Gift taxes, Income taxes, Penalties, Reporting and recordkeeping requirements. Correction of Publication I DEPARTMENT OF THE TREASURY Internal Revenue Service I 26 CFR Parts 1 and 301 [TD 9391] Authority: 26 U.S.C. 7805 * * * RIN 1545–BF85 Source Rules Involving U.S. Possessions and Other Conforming Changes; Correction Internal Revenue Service (IRS), Treasury. ACTION: Correcting amendments. AGENCY: rfrederick on PROD1PC67 with RULES As published, final regulations (TD 9391) contain errors that may prove to be misleading and are in need of clarification. PART 1—INCOME TAXES BILLING CODE 4160–01–S SUMMARY: This document contains corrections to final regulations (TD 9391) that were published in the Federal Register on Wednesday, April 9, 2008 (73 FR 19350) providing rules under section 937(b) of the Internal Revenue Code for determining whether income is derived from sources within a U.S. possession or territory specified in section 937(a)(1) (generally referred to in this preamble as a ‘‘territory’’) and whether income is effectively connected with the conduct of a trade or business within a territory. DATES: This correction is effective May 14, 2008, and is applicable on April 9, 2008. FOR FURTHER INFORMATION CONTACT: J. David Varley, (202) 622–7790 (not a tollfree number). SUPPLEMENTARY INFORMATION: Background The final regulations and removal of temporary regulations that are the subjects of this document are under 14:57 May 13, 2008 Need for Correction Virgin Islands.’’ is removed and the language ‘‘In the case of an individual who is required to file an income tax return with the United States as a consequence of failing to satisfy the requirements of paragraphs (c)(2)(i)(A) or (B) of this section, there will be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to the amount of the tax liability referred to in section 934(a) to the extent paid to the Virgin Islands.’’ is added in its place. Accordingly, 26 CFR parts 1 and 301 are corrected by making the following correcting amendments: Dated: May 7, 2008. Jeffrey Shuren, Associate Commissioner for Policy and Planning. [FR Doc. E8–10727 Filed 5–13–08; 8:45 am] VerDate Aug<31>2005 sections 1, 170A, 861, 871, 876, 881, 884, 901, 931, 932, 933, 934, 935, 937, 957, 1402, 6012, 6038, 6046, 6688, and 7701 of the Internal Revenue Code. Jkt 214001 I Par. 2. Section 1.881–5 is amended as follows: In paragraph (f)(2), the language ‘‘Section 935’’ possession is defined in § 1.935–1(a)(3)(i).’’ is removed and the language ‘‘Section 935 possession’’ is defined in § 1.935–1(a)(3)(i).’’ is added in its place. § 1.884–0 [Amended] Par. 3. Section 1.884–0 is amended as follows: In paragraph (b)(1), the last sentence, the language ‘‘The preceding sentence applies for taxable years ending after April 11, 2005.’’ is removed and the language ‘‘The preceding sentence applies for taxable years ending after April 9, 2008.’’ is added in its place. I § 1.932–1 [Amended] I Par. 4. Section 1.932–1 is amended as follows: In paragraph (c)(3), the first sentence, the language ‘‘In the case of an individual who is required to file an income tax return with the United States as a consequence of failing to satisfy the requirements of paragraphs (c)(2)(i)(A) and (B) of this section, there will be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to the amount of the tax liability referred to in section 934(a) to the extent paid to the PO 00000 Frm 00008 Fmt 4700 Sfmt 4700 [Amended] I PART 301—PROCEDURE AND ADMINISTRATION I Par. 7. The authority citation for part 301 continues to read, in part, as follows: Authority: 26 U.S.C. 7805 * * * Par. 8. Section 301.6688–1 is amended as follows: In paragraph (c), in the first sentence of the paragraph, the language ‘‘(1) In general. The penalty set forth in paragraph (a) of this section will not apply if it is established to the satisfaction of the appropriate tax authority (as defined in paragraph (c)(2) of this section) that the failure to file the information return or furnish the I E:\FR\FM\14MYR1.SGM 14MYR1 Federal Register / Vol. 73, No. 94 / Wednesday, May 14, 2008 / Rules and Regulations information within the prescribed time was due to reasonable cause and not to willful neglect.’’ is removed and the language ‘‘The penalty set forth in paragraph (a) of this section will not apply if it is established to the satisfaction of the Commissioner that the failure to file the information return or furnish the information within the prescribed time was due to reasonable cause and not to willful neglect.’’ is added in its place. LaNita Van Dyke, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration). [FR Doc. E8–10695 Filed 5–13–08; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Parts 1 and 301 [TD 9391] RIN 1545–BF85 Source Rules Involving U.S. Possessions and Other Conforming Changes; Correction Internal Revenue Service (IRS), Treasury. ACTION: Final regulations; correction. AGENCY: SUMMARY: This document contains corrections to final regulations (TD 9391) that were published in the Federal Register on Wednesday, April 9, 2008 (73 FR 19350) providing rules under section 937(b) of the Internal Revenue Code for determining whether income is derived from sources within a U.S. possession or territory specified in section 937(a)(1) (generally referred to in this preamble as a ‘‘territory’’) and whether income is effectively connected with the conduct of a trade or business within a territory. DATES: This correction is effective May 14, 2008, and is applicable on April 9, 2008. FOR FURTHER INFORMATION CONTACT: J. David Varley, (202) 622–7790 (not a tollfree number). SUPPLEMENTARY INFORMATION: rfrederick on PROD1PC67 with RULES Background The final regulations and removal of temporary regulations that are the subjects of this document are under sections 1, 170A, 861, 871, 876, 881, 884, 901, 931, 932, 933, 934, 935, 937, 957, 1402, 6012, 6038, 6046, 6688, and 7701 of the Internal Revenue Code. VerDate Aug<31>2005 14:57 May 13, 2008 Jkt 214001 27729 Need for Correction DEPARTMENT OF LABOR As published, final regulations (TD 9391) contain errors that may prove to be misleading and are in need of clarification. Mine Safety and Health Administration Correction of Publication RIN 1219–AB52 Accordingly, the publication of the final regulations (TD 9391), which were the subject of FR Doc. 08–1105, is corrected as follows: 1. On page 19350, column 1, in the preamble, under the caption ‘‘Dates:’’, line 5, the language ‘‘1(k), 1.861–3(d), 1.861–8(h), 1.871–1(d),’’ is corrected to read ‘‘1(k), 1.861–3(d), 1.861–8(h), 1.871–1(c),’’. 2. On page 19351, column 1, in the preamble, under the paragraph heading ‘‘1. General Territory Source Rule’’, line 8 of the first paragraph, the language ‘‘applying the principles of section 861’’ is corrected to read ‘‘applying the principles of sections 861’’. 3. On page 19353, column 1, in the preamble, line 3 from the bottom of the first paragraph of the column, the language ‘‘of determining whether income for’’ is corrected to read ‘‘of determining whether income from’’. 4. On page 19353, column 2, in the preamble, second line of the column, the language ‘‘outside of the territories. Id.’’ is corrected to read ‘‘outside of the territory. Id.’’. 5. On page 19355, column 1, in the preamble, under the paragraph heading ‘‘B. Guam and the Northern Mariana Islands’’, line 2 from the bottom of the paragraph, the language ‘‘provisions of the temporary and revised’’ is corrected to read ‘‘provisions of the temporary and proposed’’. 6. On page 19356, column 2, in the preamble, under the paragraph heading ‘‘E. Application of Subpart F to Bona Fide Residents of a Territory’’, line 7 from the bottom of the column, the language ‘‘voting of a territory corporation are from’’ is corrected to read ‘‘voting stock of a territory corporation are from’’. Sealing of Abandoned Areas LaNita Van Dyke, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration). [FR Doc. E8–10694 Filed 5–13–08; 8:45 am] BILLING CODE 4830–01–P PO 00000 30 CFR Part 75 Mine Safety and Health Administration (MSHA), Labor. ACTION: Correcting amendments. AGENCY: SUMMARY: MSHA published a final rule in the Federal Register on April 18, 2008 (73 FR 21182) on Sealing of Abandoned Areas in underground coal mines. The final rule incorrectly listed cross-references in § 75.336(b)(1) and § 75.336(c). This document corrects the final rule by revising these sections. DATES: Effective Date: The corrections are effective May 14, 2008. FOR FURTHER INFORMATION CONTACT: Patricia W. Silvey, Director, Office of Standards, Regulations, and Variances, MSHA, 1100 Wilson Blvd., Room 2350, Arlington, Virginia 22209–3939, silvey.patricia@dol.gov (e-mail), (202) 693–9440 (voice), or (202) 693–9441 (telefax). This document is available on the Internet at https://www.msha.gov/ REGSINFO.HTM. As published, the preamble incorrectly referenced a section of the final rule. On page 21193, in the first column, in the first line, ‘‘§ 75.335(a)(1)(iii)’’ should be ‘‘§ 75.336(a)(1)(iii).’’ The sentence should read ‘‘Under final § 75.336(a)(1)(iii) for less than 120 psi seals constructed after April 18, 2008, the District Manager cannot approve different sampling locations and frequencies in the ventilation plan until after a minimum of 14 days and after seals have reached design strength.’’ In addition, the final rule incorrectly listed cross-references in § 75.336(b)(1) and § 75.336(c). This document corrects the final rule by revising these sections. SUPPLEMENTARY INFORMATION: List of Subjects in 30 CFR Part 75 Mine safety and health, Reporting and recordkeeping requirements, Underground coal mines, Ventilation. I Accordingly, 30 CFR part 75 is corrected by making the following correcting amendments: PART 75—MANDATORY SAFETY STANDARDS—UNDERGROUND COAL MINES 1. The authority citation for part 75 continues to read as follows: I Authority: 30 U.S.C. 811. Frm 00009 Fmt 4700 Sfmt 4700 E:\FR\FM\14MYR1.SGM 14MYR1

Agencies

[Federal Register Volume 73, Number 94 (Wednesday, May 14, 2008)]
[Rules and Regulations]
[Pages 27728-27729]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-10695]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Parts 1 and 301

[TD 9391]
RIN 1545-BF85


Source Rules Involving U.S. Possessions and Other Conforming 
Changes; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting amendments.

-----------------------------------------------------------------------

SUMMARY: This document contains corrections to final regulations (TD 
9391) that were published in the Federal Register on Wednesday, April 
9, 2008 (73 FR 19350) providing rules under section 937(b) of the 
Internal Revenue Code for determining whether income is derived from 
sources within a U.S. possession or territory specified in section 
937(a)(1) (generally referred to in this preamble as a ``territory'') 
and whether income is effectively connected with the conduct of a trade 
or business within a territory.

DATES: This correction is effective May 14, 2008, and is applicable on 
April 9, 2008.

FOR FURTHER INFORMATION CONTACT: J. David Varley, (202) 622-7790 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations and removal of temporary regulations that are 
the subjects of this document are under sections 1, 170A, 861, 871, 
876, 881, 884, 901, 931, 932, 933, 934, 935, 937, 957, 1402, 6012, 
6038, 6046, 6688, and 7701 of the Internal Revenue Code.

Need for Correction

    As published, final regulations (TD 9391) contain errors that may 
prove to be misleading and are in need of clarification.

List of Subjects

26 CFR Part 1

    Income taxes, Reporting and recordkeeping requirements.

26 CFR Part 301

    Employment taxes, Estate taxes, Excise taxes, Gift taxes, Income 
taxes, Penalties, Reporting and recordkeeping requirements.

Correction of Publication

0
Accordingly, 26 CFR parts 1 and 301 are corrected by making the 
following correcting amendments:

PART 1--INCOME TAXES

0
Paragraph 1. The authority citation for part 1 continues to read, in 
part, as follows:

    Authority: 26 U.S.C. 7805 * * *


0
Par. 2. Section 1.881-5 is amended as follows:
    In paragraph (f)(2), the language ``Section 935'' possession is 
defined in Sec.  1.935-1(a)(3)(i).'' is removed and the language 
``Section 935 possession'' is defined in Sec.  1.935-1(a)(3)(i).'' is 
added in its place.


Sec.  1.884-0  [Amended]

0
Par. 3. Section 1.884-0 is amended as follows:
    In paragraph (b)(1), the last sentence, the language ``The 
preceding sentence applies for taxable years ending after April 11, 
2005.'' is removed and the language ``The preceding sentence applies 
for taxable years ending after April 9, 2008.'' is added in its place.


Sec.  1.932-1  [Amended]

0
Par. 4. Section 1.932-1 is amended as follows:
    In paragraph (c)(3), the first sentence, the language ``In the case 
of an individual who is required to file an income tax return with the 
United States as a consequence of failing to satisfy the requirements 
of paragraphs (c)(2)(i)(A) and (B) of this section, there will be 
allowed as a credit against the tax imposed by this chapter for the 
taxable year an amount equal to the amount of the tax liability 
referred to in section 934(a) to the extent paid to the Virgin 
Islands.'' is removed and the language ``In the case of an individual 
who is required to file an income tax return with the United States as 
a consequence of failing to satisfy the requirements of paragraphs 
(c)(2)(i)(A) or (B) of this section, there will be allowed as a credit 
against the tax imposed by this chapter for the taxable year an amount 
equal to the amount of the tax liability referred to in section 934(a) 
to the extent paid to the Virgin Islands.'' is added in its place.


Sec.  1.937-2  [Amended]

0
Par. 5. Section 1.937-2 is amended as follows:
    In paragraph (k) Example 2. (i), the fourth sentence, the language 
``On June 1, 2010, R's interest in Partnership P is not a marketable 
security within the meaning of section 731(c)(2).'' is removed and the 
language ``On June 1, 2010, R's interest in Partnership P is not a 
marketable security within the meaning of paragraph (f)(1)(vii)(A) of 
this section.'' is added in its place.


Sec.  1.937-3  [Amended]

0
Par. 6. Section 1.937-3 is amended as follows:
    In paragraph (e) Example 5. (ii), the last sentence, the language 
``Accordingly, the U.S. income rule of section 937(b)(2), Sec.  1.937-
2(c)(1), and paragraph (c)(1) of this section does not operate to 
prevent Corporation B's services income from being Territory X source 
or Possession X effectively connected income within the meaning of 
section 937(b)(1).'' is removed and the language ``Accordingly, the 
U.S. income rule of section 937(b)(2), Sec.  1.937-2(c)(1), and 
paragraph (c)(1) of this section does not operate to prevent 
Corporation B's services income from being Possession X source or 
Possession X effectively connected income within the meaning of section 
937(b)(1).'' is added in its place.

PART 301--PROCEDURE AND ADMINISTRATION

0
Par. 7. The authority citation for part 301 continues to read, in part, 
as follows:

    Authority: 26 U.S.C. 7805 * * *

0
Par. 8. Section 301.6688-1 is amended as follows:
    In paragraph (c), in the first sentence of the paragraph, the 
language ``(1) In general. The penalty set forth in paragraph (a) of 
this section will not apply if it is established to the satisfaction of 
the appropriate tax authority (as defined in paragraph (c)(2) of this 
section) that the failure to file the information return or furnish the

[[Page 27729]]

information within the prescribed time was due to reasonable cause and 
not to willful neglect.'' is removed and the language ``The penalty set 
forth in paragraph (a) of this section will not apply if it is 
established to the satisfaction of the Commissioner that the failure to 
file the information return or furnish the information within the 
prescribed time was due to reasonable cause and not to willful 
neglect.'' is added in its place.

LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel, (Procedure and Administration).
[FR Doc. E8-10695 Filed 5-13-08; 8:45 am]
BILLING CODE 4830-01-P

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