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Exclusions From Gross Income of Foreign Corporations; Correction

---
identifier: "/us/fr/E7-15271"
source: "fr"
legal_status: "authoritative_unofficial"
title: "Exclusions From Gross Income of Foreign Corporations; Correction"
title_number: 0
title_name: "Federal Register"
section_number: "E7-15271"
section_name: "Exclusions From Gross Income of Foreign Corporations; Correction"
positive_law: false
currency: "2007-08-13"
last_updated: "2007-08-13"
format_version: "1.1.0"
generator: "[email protected]"
agency: "Treasury Department"
document_number: "E7-15271"
document_type: "rule"
publication_date: "2007-08-13"
agencies:
  - "Treasury Department"
  - "Internal Revenue Service"
cfr_references:
  - "26 CFR Part 1"
rin: "1545-BG00"
fr_citation: "72 FR 45159"
fr_volume: 72
docket_ids:
  - "TD 9332"
effective_date: "2007-08-13"
fr_action: "Correcting amendment."
---

#  Exclusion of income from the international operation of ships or aircraft.

**AGENCY:**

Internal Revenue Service (IRS), Treasury.

**ACTION:**

Correcting amendment.

**SUMMARY:**

This document contains corrections to final and temporary regulations (TD 9332) that were published in the *Federal Register* on Monday, June 25, 2007 (72 FR 34600) relating to the exclusion from gross income of income derived by certain foreign corporations engaged in the international operation of ships or aircraft.

**DATES:**

The correction is effective August 13, 2007.

**FOR FURTHER INFORMATION CONTACT:**

Patricia A. Bray, (202) 622-3880 (not a toll-free number).

**SUPPLEMENTARY INFORMATION:**

**Background**

The final and temporary regulations that are the subject of this correction are under section 883 of the Internal Revenue Code.

**Need for Correction**

As published, final and temporary regulations (TD 9332) contain an error that may prove to be misleading and is in need of clarification.

**List of Subjects in 26 CFR Part 1**

Income taxes, Reporting and recordkeeping requirements.

**Correction of Publication**

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**

*Par. 2.* Section 1.883-1 is amended by revising paragraph (h)(3) to read as follows:

§ 1.883-1

(h) * * *

(3) For further guidance, see the entry for § 1.883-1T(h)(3).

LaNita Van Dyke,

Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration).