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56868 Federal Register / Vol. 71, No.

188 / Thursday, September 28, 2006 / Rules and Regulations

Dated: September 15, 2006. regulations are effective August 17, PART 1—INCOME TAXES
Steven D. Vaughn, 2006.’’.
■ Paragraph 1. The authority citation
Director, Office of New Animal Drug Cynthia E. Grigsby,
Evaluation, Center for Veterinary Medicine. for part 1 continues to read in part as
Senior Federal Register Liaison Officer, follows:
[FR Doc. E6–15888 Filed 9–27–06; 8:45 am] Publications and Regulations Branch, Legal
BILLING CODE 4160–01–S
Authority: 26 U.S.C. 7805 * * *
Processing Division, Associate Chief Counsel,
(Procedure and Administration). ■ Par. 2. Section 1.882–5 paragraph
[FR Doc. E6–15891 Filed 9–27–06; 8:45 am]
(a)(7) is revised to read as follows:
DEPARTMENT OF THE TREASURY BILLING CODE 4830–01–P § 1.882–5 Determination of interest
deduction.
Internal Revenue Service
* * * * *
DEPARTMENT OF THE TREASURY (a)(7) through (a)(7)(iii) [Reserved].
26 CFR Parts 1 and 602
For further guidance, see entry in
[TD 9281] Internal Revenue Service § 1.882–5T(a)(7) through (a)(7)(iii).
RIN 1545–BF70 26 CFR Part 1 * * * * *
■ Par. 3. Section 1.882–5T is amended
Determination of Interest Expense by revising the last sentence of
[TD 9281]
Deduction of Foreign Corporations; paragraph (c)(2)(iv) to read as follows:
Correction
RIN 1545–BF70 § 1.882–5T Determination of interest
AGENCY: Internal Revenue Service (IRS), deduction (temporary).
Treasury. Determination of Interest Expense * * * * *
ACTION: Correction to final and Deduction of Foreign Corporations; (c) * * *
temporary regulations. Correction (2) * * *
(iv) * * * The rules of § 1.882–5(b)(3)
SUMMARY: This document contains a AGENCY: Internal Revenue Service (IRS), apply in determining the total value of
correction to final and temporary Treasury. applicable worldwide assets for the
regulations (TD 9281), that were ACTION: Correcting amendment. taxable year, except that the minimum
published in the Federal Register on number of determination dates are those
Thursday, August 17, 2006 (71 FR SUMMARY: This document contains a stated in § 1.882–5(c)(2)(i).
47443). This regulation revised the correction to final and temporary * * * * *
Income Tax Regulations relating to the regulations (TD 9281), that were
determination of the interest expense published in the Federal Register on Cynthia E. Grigsby,
deduction of foreign corporations and Thursday, August 17, 2006 (71 FR Senior Federal Register Liaison Officer,
applies to foreign corporations engaged 47443). This regulation revised the Publications and Regulations Branch, Legal
Processing Division, Associate Chief Counsel,
in a trade or business within the United Income Tax Regulations relating to the (Procedure and Administration).
States. determination of the interest expense
[FR Doc. E6–15893 Filed 9–27–06; 8:45 am]
DATES: This correction is effective deduction of foreign corporations and
BILLING CODE 4830–01–P
August 17, 2006. applies to foreign corporations engaged
FOR FURTHER INFORMATION CONTACT: in a trade or business within the United
Gregory Spring or Paul Epstein, (202) States.
DEPARTMENT OF VETERANS
622–3870 (not a toll-free number). DATES: This correction is effective
AFFAIRS
SUPPLEMENTARY INFORMATION: August 17, 2006.
FOR FURTHER INFORMATION CONTACT: 38 CFR Part 19
Background
Gregory Spring or Paul Epstein, (202) RIN 2900–AL97
The final and temporary regulations 622–3870 (not a toll-free number).
(TD 9281) that is the subject of this Board of Veterans’ Appeals:
SUPPLEMENTARY INFORMATION:
correction are under sections 882 and Clarification of a Notice of
884 of the Internal Revenue Code. Background Disagreement
Need for Correction The final and temporary regulations AGENCY: Department of Veterans Affairs.
As published, TD 9281 contains an (TD 9281) that is the subject of this
ACTION: Final rule.
error that may prove to be misleading correction are under sections 882 and
and is in need of clarification. 884 of the Internal Revenue Code. SUMMARY: The Department of Veterans
Need for Correction Affairs (VA) is amending its regulations
Correction of Publication governing appeals to the Board of
Accordingly, the publication of the As published, TD 9281 contains errors Veterans’ Appeals (BVA or Board) to
final and temporary regulations (TD that may prove to be misleading and are clarify the actions an agency of original
9281), that were the subject of FR Doc. in need of clarification. jurisdiction (AOJ) must take to
E6–13402, is corrected as follows: List of Subjects in 26 CFR Part 1 determine whether a written
On page 47443, column 1, in the communication from a claimant that is
preamble under the caption ‘‘DATES: Income taxes, Reporting and ambiguous in its purpose is intended to
Effective Date:’’, lines 1 through 5, the recordkeeping requirements. be a Notice of Disagreement (NOD) with
language, ‘‘These regulations are an adverse claims decision.
jlentini on PROD1PC65 with RULES

Correction of Publication
effective starting the tax year end for DATES: Effective Date: This rule is
which the original tax return due date ■ Accordingly, 26 CFR part 1 is effective October 30, 2006.
(including extensions) is after August corrected by making the following Applicability Date: VA will apply this
17, 2006.’’ is corrected to read ‘‘These correcting amendment: rule to appeals pending before VA in

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