[Federal Register Volume 72, Number 216 (Thursday, November 8, 2007)] [Proposed Rules] [Page 63143] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: E7-21904] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 [REG-140206-06] RIN-1545-BF93 Withholding Procedure Under Section 1441 for Certain Distributions to Which Section 302 Applies; Correction AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Correction to notice of proposed rulemaking. ----------------------------------------------------------------------- SUMMARY: This document contains corrections to proposed regulations (REG-140206-06) 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. FOR FURTHER INFORMATION CONTACT: Kathryn Holman at (202) 622-3840 (not a''. SUPPLEMENTARY INFORMATION: Background The notice of proposed rulemaking (REG-140206-06) that is the subject of this correction is under section 1441 of the Internal Revenue Code. Need for Correction 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. Correction of Publication 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)''. Cynthia Grigsby, Senior Federal Register Liaison, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). [FR Doc. E7-21904 Filed 11-7-07; 8:45 am] BILLING CODE 4830-01-P