[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]


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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.

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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