# [Corrected]
**AGENCY:**
Internal Revenue Service (IRS), Treasury.
**ACTION:**
Correction to a 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 (REG-140974-11) that was published in the *Federal Register* on Tuesday, December 31, 2013 (78 FR 79650). The proposed regulations provide guidance on determining the ownership of a passive foreign investment company (PFIC), the annual filing requirements for shareholders of PFICs, and an exclusion from certain filing requirements for shareholders that constructively own interests in certain foreign corporations.
**DATES:**
The comment period for written or electronic comments and requests for a public hearing for the notice of proposed rulemaking by cross-reference to temporary regulations published at 78 FR 79650, December 31, 2013, ended on March 31, 2014.
**FOR FURTHER INFORMATION CONTACT:**
Susan E. Massey at (202) 317-6934 (not a toll free number).
**SUPPLEMENTARY INFORMATION:**
**Background**
The notice of proposed rulemaking by cross-reference to temporary regulations (REG-140974-11) that is the subject of this document is under sections 1297, 1298, 6038, and 6046 of the Internal Revenue Code.
**Need for Correction**
As published, the notice of proposed rulemaking by cross-reference to temporary regulations (REG-140974-11) contains errors that may prove to be misleading and are in need of clarification.
**Correction of Publication**
Accordingly, the notice of proposed rulemaking (REG-140974-11), that was the subject of FR Doc. 2013-30845, is corrected as follows:
1. The authority citation for part 1 is amended by correcting the sectional authority for § 1.1298-1 to read in part as follows:
**Authority:**
26 U.S.C. 7805 * * *
Section 1.1298-1 also issued under 26 U.S.C. 1298(f) and (g) * * *
§ 1.1298-1
2. On Page 79652, column 1, the seventh line from the top of the page, the language “as the text of § 1.1298-1T(h) published” is corrected to read “as the text of § 1.1298-1T published”.
Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration).