Skip to content
LexBuild

Guidance Regarding Foreign Base Company Sales Income; Correction

---
identifier: "/us/fr/E8-9646"
source: "fr"
legal_status: "authoritative_unofficial"
title: "Guidance Regarding Foreign Base Company Sales Income; Correction"
title_number: 0
title_name: "Federal Register"
section_number: "E8-9646"
section_name: "Guidance Regarding Foreign Base Company Sales Income; Correction"
positive_law: false
currency: "2008-05-02"
last_updated: "2008-05-02"
format_version: "1.1.0"
generator: "[email protected]"
agency: "Treasury Department"
document_number: "E8-9646"
document_type: "proposed_rule"
publication_date: "2008-05-02"
agencies:
  - "Treasury Department"
  - "Internal Revenue Service"
cfr_references:
  - "26 CFR Part 1"
rin: "1545-BG11"
fr_citation: "73 FR 24186"
fr_volume: 73
docket_ids:
  - "REG-124590-07"
fr_action: "Correction to a correction to a notice of proposed rulemaking."
---

#  [Corrected]

**AGENCY:**

Internal Revenue Service (IRS), Treasury.

**ACTION:**

Correction to a correction to a notice of proposed rulemaking.

**SUMMARY:**

This document contains corrections to a correction to a notice of proposed rulemaking (REG-124590-07) that was published in the *Federal Register* on Tuesday, April 15, 2008 (73 FR 20201) providing guidance relating to foreign base company sales income, as defined in section 954(d), in cases in which personal property sold by a controlled foreign corporation (CFC) is manufactured, produced, or constructed pursuant to a contract manufacturing arrangement or by one or more branches of the CFC.

**FOR FURTHER INFORMATION CONTACT:**

Ethan Atticks at (202) 622-3840 (not a toll-free number).

**SUPPLEMENTARY INFORMATION:**

**Background**

The correction notice that is the subject of this document is under section 954 of the Internal Revenue Code.

**Need for Correction**

As published, the correction notice to a notice of proposed rulemaking (REG-124590-07) contains errors that may prove to be misleading and are in need of clarification.

**Correction of Publication**

Accordingly, the publication of a correction notice to a notice of proposed rulemaking (REG-124590-07), which was the subject of FR Doc. E8-8031, is corrected as follows:

§ 1.954-3

1. On page 20203, column 2, second paragraph of the column, line 2, the language “§ 1.954-3(b)(2)(ii)( *c* )( *2* ) *Example 3* .(i),” is corrected to read “§ 1.954-3(b)(4) *Example 3.* (i),”.

2. On page 20203, column 2, third paragraph of the column, line 2, the language “§ 1.954-3(b)(2)(ii)( *c* )( *2* ) *Example 3.* (i),” is corrected to read “§ 1.954-3(b)(4) *Example 3.* (i),”.

3. On page 20203, column 2, fourth paragraph of the column, line 2, the language “§ 1.954-3(b)(2)(ii)( *d* ), line 10, the” is corrected to read “§ 1.954-3(d), line 10, the”.

LaNita Van Dyke,

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