# Income, war profits, or excess profits tax paid or accrued.
**AGENCY:**
Internal Revenue Service (IRS), Treasury.
**ACTION:**
Correction to notice of proposed rulemaking by cross-reference to temporary regulations.
**SUMMARY:**
This document contains corrections to a notice of proposed rulemaking by cross-reference to temporary regulations that were published in the *Federal Register* on Monday, July 18, 2011. These regulations address certain highly structured arrangements that produce inappropriate foreign tax credit results.
**FOR FURTHER INFORMATION CONTACT:**
Jeffrey Cowan, (202) 622-3850 (not a toll-free number).
**SUPPLEMENTARY INFORMATION:**
**Background**
The notice of proposed rulemaking by cross-reference to temporary regulations (REG-126519-11) that is the subject of this correction is under section 901 of the Internal Revenue Code.
**Need for Correction**
As published July 18, 2011 (76 FR 42076), the notice of proposed rulemaking by cross-reference to temporary regulations (REG-126519-11) contains errors that may prove to be misleading and are in need of clarification.
**Correction of Publication**
Accordingly, the notice of proposed rulemaking by cross-reference to temporary regulations (REG-126519-11), that was the subject of FR Doc. 2011-17919, is corrected as follows:
Section 1.901-2 is amended by adding paragraphs (e)(5)(iv)(B)( *1* )( *iii* ) and (h)(3) to read as follows:
§ 1.901-2
(e) * * *
(5) * * *
(iv) * * *
(B) * * *
( *1* ) * * *
( *iii* ) [The text of proposed § 1.901-2(e)(5)(iv)(B)( *1* )( *iii* ) is the same as the text of § 1.901-2T(e)(5)(iv)(B)( *1* )( *iii* ) published elsewhere in this issue of the *Federal Register.* ]
(h) * * *
(3) [The text of proposed § 1.901-2(h)(3) is the same as the text of § 1.901-2T(h)(3) published elsewhere in this issue of the *Federal Register* .]
Treena V. Garrett,
Federal Register Liaison, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, Procedure and Administration.