# General provision relating to withholding agents.
**AGENCY:**
Internal Revenue Service (IRS).
**ACTION:**
Temporary regulations; correcting amendment.
**SUMMARY:**
This document contains corrections to temporary regulations (TD 9572), relating to dividend equivalents from sources within the United States.
**DATES:**
*Effective Date:* March 8, 2012 and is applicable January 23, 2012.
**FOR FURTHER INFORMATION CONTACT:**
D. Peter Merkel (202) 622-3870.
**SUPPLEMENTARY INFORMATION:**
**Background**
The temporary regulations that are the subject of these corrections are under section 1441 of the Internal Revenue Code.
**Need for Correction**
As published, temporary regulations (TD 9572), published in the *Federal Register* on January 23, 2012 (77 FR 3108) contains errors which may prove to be misleading and are 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 amendments:
**26 CFR Part 1**
**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**
§ 1.1441-4
*Par. 2.* Section 1.1441-4 is amended by revising paragraphs (a)(3)(i) and (a)(3)(iii) to read as follows:
§ 1.1441-4
(a) * * *
(3) * * *
(i) [Reserved]. For further guidance, see § 1.1441-4T(a)(3)(i).
(iii) [Reserved]. For further guidance, see § 1.1441-4T(a)(3)(iii).
**26 CFR Part 1**
§ 1.1441-4T
*Par. 3.* Section 1.1441-4T is amended by revising the first sentence of paragraph (a)(3)(i) to read as follows:
§ 1.1441-4T
(a) * * *
(3) *Income on notional principal contracts* —(i) *General rule.* Except as otherwise provided in paragraph (a)(3)(iii) of this section, a withholding agent that pays amounts attributable to a notional principal contract described in § 1.863-7T(a) or § 1.988-2(e) shall have no obligation to withhold on the amounts paid under the terms of the notional principal contract regardless of whether a withholding certificate is provided. * * *
§ 1.1441-7
**26 CFR Part 1**
*Par. 4.* Section 1441-7 is amended by revising the introductory text of paragraph (a)(3) and *Example 6* to read as follows:
§ 1.1441-7
(a) * * *
(3) *Examples.* The following examples illustrate the rules of paragraph (a) of this section:
*Example 6.* [Reserved]. For further guidance, see § 1.1441-7T(a)(3)
*Example 6.*
Guy R. Traynor,
Federal Register Liaison, Publication and Regulations, Legal Processing Division, Associate Chief Counsel (Procedure and Administration).