Definitions and Reporting Requirements for Shareholders of Passive Foreign Investment Companies; Correction, 27230 [2014-10858]

Download as PDF 27230 Federal Register / Vol. 79, No. 92 / Tuesday, May 13, 2014 / Proposed Rules Dated: May 6, 2014. Richard Cordray, Director, Bureau of Consumer Financial Protection. misleading and are in need of clarification. [FR Doc. 2014–10713 Filed 5–12–14; 8:45 am] Accordingly, the notice of proposed rulemaking (REG–140974–11), that was the subject of FR Doc. 2013–30845, is corrected as follows: ■ 1. The authority citation for part 1 is amended by correcting the sectional authority for § 1.1298–1 to read in part as follows: Correction of Publication BILLING CODE 4810–AM–P DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Parts 1 [REG–140974–11] Authority: 26 U.S.C. 7805 * * * Section 1.1298–1 also issued under 26 U.S.C. 1298(f) and (g) * * * RIN 1545–BK66 § 1.1298–1 Definitions and Reporting Requirements for Shareholders of Passive Foreign Investment Companies; Correction ■ Internal Revenue Service (IRS), Treasury. ACTION: Correction to a notice of proposed rulemaking by cross reference to temporary regulations. AGENCY: This document contains corrections to a notice of proposed rulemaking by cross-reference to temporary regulations (REG–140974–11) that was published in the Federal Register on Tuesday, December 31, 2013 (78 FR 79650). The proposed regulations provide guidance on determining the ownership of a passive foreign investment company (PFIC), the annual filing requirements for shareholders of PFICs, and an exclusion from certain filing requirements for shareholders that constructively own interests in certain foreign corporations. DATES: The comment period for written or electronic comments and requests for a public hearing for the notice of proposed rulemaking by cross-reference to temporary regulations published at 78 FR 79650, December 31, 2013, ended on March 31, 2014. FOR FURTHER INFORMATION CONTACT: Susan E. Massey at (202) 317–6934 (not a toll free number). SUPPLEMENTARY INFORMATION: SUMMARY: mstockstill on DSK4VPTVN1PROD with PROPOSALS Background The notice of proposed rulemaking by cross-reference to temporary regulations (REG–140974–11) that is the subject of this document is under sections 1297, 1298, 6038, and 6046 of the Internal Revenue Code. Need for Correction As published, the notice of proposed rulemaking by cross-reference to temporary regulations (REG–140974–11) contains errors that may prove to be VerDate Mar<15>2010 16:25 May 12, 2014 Jkt 232001 [Corrected] 2. On Page 79652, column 1, the seventh line from the top of the page, the language ‘‘as the text of § 1.1298– 1T(h) published’’ is corrected to read ‘‘as the text of § 1.1298–1T published’’. Martin V. Franks, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). [FR Doc. 2014–10858 Filed 5–12–14; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF EDUCATION 34 CFR Chapter III [Docket ID ED–2014–OSERS–0027] Proposed Priority—Assistive Technology: Alternative Financing Program [CFDA Number: 84.224D.] Office of Special Education and Rehabilitative Services, Department of Education. ACTION: Proposed priority. AGENCY: The Assistant Secretary for Special Education and Rehabilitative Services proposes a priority under the Assistive Technology Alternative Financing Program. The Assistant Secretary may use this priority for competitions in fiscal year (FY) 2014 and later years. This priority is designed to ensure that the Department funds high-quality assistive technology alternative financing programs that meet rigorous standards in order to enable individuals with disabilities to access and acquire assistive technology devices and services necessary to achieve education, community living, and employment goals. DATES: We must receive your comments on or before June 12, 2014. ADDRESSES: Submit your comments through the Federal eRulemaking Portal or via postal mail, commercial delivery, SUMMARY: PO 00000 Frm 00019 Fmt 4702 Sfmt 4702 or hand delivery. We will not accept comments submitted by fax or by email or those submitted after the comment period. To ensure that we do not receive duplicate copies, please submit your comments only once. In addition, please include the Docket ID at the top of your comments. • Federal eRulemaking Portal: Go to www.regulations.gov to submit your comments electronically. Information on using Regulations.gov, including instructions for accessing agency documents, submitting comments, and viewing the docket, is available on the site under ‘‘Are you new to the site?’’ • Postal Mail, Commercial Delivery, or Hand Delivery: If you mail or deliver your comments about this notice, address them to Brian Bard, U.S. Department of Education, 400 Maryland Avenue SW., Room 5021, Potomac Center Plaza (PCP), Washington, DC 20202–2800. Privacy Note: The Department’s policy is to make all comments received from members of the public available for public viewing in their entirety on the Federal eRulemaking Portal at www.regulations.gov. Therefore, commenters should be careful to include in their comments only information that they wish to make publicly available. FOR FURTHER INFORMATION CONTACT: Brian Bard. Telephone: (202) 245–7345. If you use a telecommunications device for the deaf (TDD) or a text telephone (TTY), call the Federal Relay Service (FRS), toll free, at 1–800–877– 8339. SUPPLEMENTARY INFORMATION: Invitation to Comment: We invite you to submit comments regarding this notice. To ensure that your comments have maximum effect in developing the final priority, we urge you to identify clearly the specific topic that each comment addresses. We invite you to assist us in complying with the specific requirements of Executive Orders 12866 and 13563 and their overall requirement of reducing regulatory burden that might result from this proposed priority. Please let us know of any further ways we could reduce potential costs or increase potential benefits while preserving the effective and efficient administration of the program. During and after the comment period, you may inspect all public comments about this notice in Room 5025, 550 12th Street SW., PCP, Washington, DC, between the hours of 8:30 a.m. and 4:00 p.m., Washington, DC time, Monday through Friday of each week except Federal holidays. E:\FR\FM\13MYP1.SGM 13MYP1

Agencies

[Federal Register Volume 79, Number 92 (Tuesday, May 13, 2014)]
[Proposed Rules]
[Page 27230]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-10858]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Parts 1

[REG-140974-11]
RIN 1545-BK66


Definitions and Reporting Requirements for Shareholders of 
Passive Foreign Investment Companies; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to a notice of proposed rulemaking by cross 
reference to temporary regulations.

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SUMMARY: This document contains corrections to a notice of proposed 
rulemaking by cross-reference to temporary regulations (REG-140974-11) 
that was published in the Federal Register on Tuesday, December 31, 
2013 (78 FR 79650). The proposed regulations provide guidance on 
determining the ownership of a passive foreign investment company 
(PFIC), the annual filing requirements for shareholders of PFICs, and 
an exclusion from certain filing requirements for shareholders that 
constructively own interests in certain foreign corporations.

DATES: The comment period for written or electronic comments and 
requests for a public hearing for the notice of proposed rulemaking by 
cross-reference to temporary regulations published at 78 FR 79650, 
December 31, 2013, ended on March 31, 2014.

FOR FURTHER INFORMATION CONTACT: Susan E. Massey at (202) 317-6934 (not 
a toll free number).

SUPPLEMENTARY INFORMATION:

Background

    The notice of proposed rulemaking by cross-reference to temporary 
regulations (REG-140974-11) that is the subject of this document is 
under sections 1297, 1298, 6038, and 6046 of the Internal Revenue Code.

Need for Correction

    As published, the notice of proposed rulemaking by cross-reference 
to temporary regulations (REG-140974-11) contains errors that may prove 
to be misleading and are in need of clarification.

Correction of Publication

    Accordingly, the notice of proposed rulemaking (REG-140974-11), 
that was the subject of FR Doc. 2013-30845, is corrected as follows:

0
1. The authority citation for part 1 is amended by correcting the 
sectional authority for Sec.  1.1298-1 to read in part as follows:

    Authority:  26 U.S.C. 7805 * * *
    Section 1.1298-1 also issued under 26 U.S.C. 1298(f) and (g) * * 
*


Sec.  1.1298-1  [Corrected]

0
2. On Page 79652, column 1, the seventh line from the top of the page, 
the language ``as the text of Sec.  1.1298-1T(h) published'' is 
corrected to read ``as the text of Sec.  1.1298-1T published''.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2014-10858 Filed 5-12-14; 8:45 am]
BILLING CODE 4830-01-P

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