# Treaty Guidance Regarding Payments With Respect to Domestic Reverse Hybrid Entities; Correction
**AGENCY:**
Internal Revenue Service (IRS), Treasury.
**ACTION:**
Correction to notice of proposed rulemaking.
**SUMMARY:**
This document contains a correction to a notice of proposed rulemaking that was published in the *Federal Register* on Tuesday, February 27, 2001 (66 FR 12445), relating to treaty guidance regarding payments with respect to domestic reverse hybrid entities.
**FOR FURTHER INFORMATION CONTACT:**
Elizabeth U. Karzon or Karen Rennie-Quarrie at (202) 622-3880 (not a toll-free number).
**SUPPLEMENTARY INFORMATION:**
**Background**
The notice of proposed rulemaking (REG-107101-00) that is the subject of this correction is under section 894 of the Internal Revenue Code.
**Need for Correction**
As published the notice of proposed rulemaking contains an error that may prove to be misleading and is in need of clarification.
**Correction of Publication**
Accordingly, the publication of the notice of proposed rulemaking which was the subject of FR Doc. 01-1687, is corrected as follows:
**PART 1—INCOME TAXES**
On page 12447, column 2, following amendatory instruction Paragraph 1, correct the authority citation to read as follows:
**Authority:**
26 U.S.C. 7805 * * *
Section 1.894-1(d)(2) also issued under 26 U.S.C. 894 and 7701(l). * * *
Cynthia E. Grigsby,
Chief, Regulations Unit, Office of Special Counsel (Modernization & Strategic Planning).