|
|
|
|
SUBSCRIBE The leading Copyright |
< Back to current issue of Immigration Daily <Back to current issue of Immigrant's Weekly
[Federal Register: November 9, 2000 (Volume 65, Number 218)]
[Proposed Rules]
[Page 67318-67319]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr09no00-29]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[REG-209038-89]
RIN 1545-AO75
Foreign Trusts That Have U.S. Beneficiaries; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Correction to notice of proposed rulemaking and notice of
public hearing.
-----------------------------------------------------------------------
SUMMARY: This document contains corrections to a notice of proposed
rulemaking and notice of public hearing that was published in the
Federal Register on Monday, August 7, 2000 (65 FR 48185) relating to
transfers of property by U.S. persons to foreign trusts having one or
more United States beneficiaries.
FOR FURTHER INFORMATION CONTACT: Willard W. Yates at (202) 622-3880
(not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The notice of proposed rulemaking and notice of public hearing that
is the subject of this correction is under section 679 of the Internal
Revenue Code.
Need for Correction
As published, the notice of proposed rulemaking and notice of
public hearing contains errors that may prove to be misleading and are
in need of clarification.
Correction of Publication
Accordingly, the publication of the notice of proposed rulemaking
and notice of public hearing (REG-209038-89), that was the subject of
FR Doc. 00-19897, is corrected as follows:
1. On page 48187, column 2, in the preamble under the paragraph
heading ``Section 1.679-1 U.S. Transferor Treated as Owner of Foreign
Trust'', first full paragraph from the top of the column, last line,
the language ``November 6, 2000'' is corrected to read ``August 7,
2000''.
2. On page 48188, column 1, in the preamble under the paragraph
heading ``Section 1.679-2: Trusts Treated as Having a U.S.
Beneficiary'', third full paragraph, last line, the language ``November
6, 2000'' is corrected to read ``August 7, 2000''.
3. On page 48188, column 3, in the preamble under the paragraph
heading ``Section 1.679-3 Transfers'', fourth paragraph, last line, the
language ``November 6, 2000'' is corrected to read ``August 7, 2000''.
4. On page 48189, column 2, in the preamble under the paragraph
heading ``Section 1.679-4 Exceptions to General Rule'', second full
paragraph, third line, the language ``trusts after November 6, 2000.
Special'' is corrected to read ``trusts after August 7, 2000.
Special''.
5. On page 48189, column 3, in the preamble under the paragraph
heading ``Section 1.679-5 Pre-immigration Trusts'', third full
paragraph, last line, the language ``after November 6, 2000'' is
corrected to read ``after August 7, 2000''.
6. On page 48189, column 3, in the preamble under the paragraph
heading
[[Page 67319]]
``Section 1.679-6 Outbound Migrations of Domestic Trusts'', last
paragraph in the column, last line, the language ``November 6, 2000''
is corrected to read ``August 7, 2000''.
Cynthia E. Grigsby,
Chief, Regulations Unit, Office of Special Counsel (Modernization and
Strategic Planning).
[FR Doc. 00-28424 Filed 11-8-00; 8:45 am]
BILLING CODE 4830-01-P
 Share this page | Bookmark this page | Print this page |  Add to del.icio.us
The leading immigration law publisher - over 50000 pages of free information!
© Copyright 1995-2008 American Immigration LLC, ILW.COM |