Withholding Procedure Under Section 1441 for Certain Distributions to Which Section 302 Applies; Correction

---
identifier: "/us/fr/E7-21904"
source: "fr"
legal_status: "authoritative_unofficial"
title: "Withholding Procedure Under Section 1441 for Certain Distributions to Which Section 302 Applies; Correction"
title_number: 0
title_name: "Federal Register"
section_number: "E7-21904"
section_name: "Withholding Procedure Under Section 1441 for Certain Distributions to Which Section 302 Applies; Correction"
positive_law: false
currency: "2007-11-08"
last_updated: "2007-11-08"
format_version: "1.1.0"
generator: "[email protected]"
agency: "Treasury Department"
document_number: "E7-21904"
document_type: "proposed_rule"
publication_date: "2007-11-08"
agencies:
  - "Treasury Department"
  - "Internal Revenue Service"
cfr_references:
  - "26 CFR Part 1"
rin: "RIN-1545-BF93"
fr_citation: "72 FR 63143"
fr_volume: 72
docket_ids:
  - "REG-140206-06"
fr_action: "Correction to notice of proposed rulemaking."
---


#  Withholding Procedure Under Section 1441 for Certain Distributions to Which Section 302 Applies; Correction

**AGENCY:**

Internal Revenue Service (IRS), Treasury.

**ACTION:**

Correction to notice of proposed rulemaking.

**SUMMARY:**

This document contains corrections to proposed regulations (REG-140206-06) that were published in the *Federal Register* on Wednesday, October 17, 2007 (72 FR 58781) regarding a withholding agent's obligation to withhold and report tax under Chapter 3 of the Internal Revenue Code when there is a distribution in redemption of stock of a corporation that is actively traded on an established financial market.

**FOR FURTHER INFORMATION CONTACT:**

Kathryn Holman at (202) 622-3840 (not a”.

**SUPPLEMENTARY INFORMATION:**

**Background**

The notice of proposed rulemaking (REG-140206-06) that is the subject of this correction is under section 1441 of the Internal Revenue Code.

**Need for Correction**

As published, this notice of proposed rulemaking (REG-140206-06) contains an error that may prove to be misleading and is in need of clarification.

**Correction of Publication**

Accordingly, the notice of proposed rulemaking (REG-140206-06) that was the subject of FR Doc. E7-20504 is corrected as follows:

On page 58781, column 3, in the preamble, under the caption *“FOR FURTHER INFORMATION CONTACT:* ”, line 2, the language “Kathryn Holman, (202) 622-3440 (not a” is corrected to read “Kathryn Holman, (202) 622-3840 (not a)”.

Cynthia Grigsby,

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