# [Corrected]
**AGENCY:**
Internal Revenue Service (IRS), Treasury.
**ACTION:**
Correcting amendment.
**SUMMARY:**
This document corrects final regulations (TD 9222) that were published in the *Federal Register* on Thursday, August 25, 2005 (70 FR 49864). The final regulations under section 951(a) of the Internal Revenue Code (Code) provide guidance for determining a United States shareholder's pro rata share of a controlled foreign corporation's (CFC's) subpart F income, previously excluded subpart F income withdrawn from investment in less developed countries, and previously excluded subpart F income withdrawn from foreign base company shipping operations.
**DATES:**
This correction is effective August 25, 2005.
**FOR FURTHER INFORMATION CONTACT:**
Jeffrey L. Vinnik, (202) 622-3840 (not a toll-free number).
**SUPPLEMENTARY INFORMATION:**
**Background**
The final regulations (TD 9222) that are the subject of this correction are under section 951(a) of the Internal Revenue Code.
**Need for Correction**
As published, the final regulations (TD 9222) contain errors that may prove to be misleading and are in need of clarification.
**List of Subjects 26 CFR Part 1**
Income taxes, Reporting and recordkeeping requirements.
**Correction of Publication**
**26 CFR Part 1**
Accordingly, 26 CFR Part 1 is corrected by making the following correcting amendment:
**PART 1—INCOME TAXES**
*Paragraph 1.* The authority citation for part 1 continues to read in part as follows:
**Authority:**
26 U.S.C. 7805 * * *
**26 CFR Part 1**
§ 1.951-1
1. In § 1.951-1(a), the undesignated paragraph is designated as paragraph (a)(3).
2. Section 1.951-1(e)(6), paragraph (ii) of *Example 5,* sixth sentence, the language “common shareholders by reference to the” is removed and the language “common shares by reference to the” is added in its place.
3. Section 1.951-1(e)(6), paragraph (i) of *Example 7,* sixth sentence, the language “income of United States shareholder under” is removed and the language “income of a United States shareholder under” is added in its place.
4. Section 1.951-1(e)(6), paragraph (i) of *Example 8,* third sentence, the language “Foreign Individual N, a foreign individual.” is removed and the language “Individual N, a foreign individual.” is added in its place.
Cynthia E. Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration).