Guidance on the Definition of Domestically Controlled Qualified Investment Entities; Correction
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Abstract
This document contains corrections to Treasury Decision 9992, which was published in the Federal Register for Thursday, April 25, 2024. Treasury Decision 9992 issued final regulations that address the determination of whether a qualified investment entity is domestically controlled, including the treatment of qualified foreign pension funds for this purpose.
Full Text
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<title>Federal Register, Volume 89 Issue 248 (Friday, December 27, 2024)</title>
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[Federal Register Volume 89, Number 248 (Friday, December 27, 2024)]
[Rules and Regulations]
[Pages 105450-105451]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-30928]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9992]
RIN 1545-BQ36
Guidance on the Definition of Domestically Controlled Qualified
Investment Entities; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Final rule; correcting amendment.
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SUMMARY: This document contains corrections to Treasury Decision 9992,
which was published in the Federal Register for Thursday, April 25,
2024. Treasury Decision 9992 issued final regulations that address the
determination of whether a qualified investment entity is domestically
controlled, including the treatment of qualified foreign pension funds
for this purpose.
DATES: These corrections are effective on December 27, 2024 and for
dates of applicability see Sec. Sec. 1.897-1(a)(2) and 1.1445-2(e).
FOR FURTHER INFORMATION CONTACT: Concerning these final regulations,
Milton Cahn at (202) 317-4934 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The final regulations (TD 9992) that are the subject of this
correction are under section 897 of the Code.
Corrections to the Regulations
Accordingly, 26 CFR part 1 is corrected by making the following
correcting amendment:
[[Page 105451]]
List of Subjects in 26 CFR Part 1
Income taxes, Reporting and recordkeeping requirements.
0
Paragraph 1. The authority citation for part 1 continues to read in
part as follows:
Authority: 26 U.S.C. 7805 * * *
Sec. 1.897-1 [Amended]
Par. 2. Section 1.897-1 is amended in paragraph (c)(3)(vi)(E) by
removing the language ``property interest, or'' and adding the language
``property interest or'' in its place.
Oluwafunmilayo A. Taylor,
Section Chief, Publications and Regulations Section, Associate Chief
Counsel, (Procedure and Administration).
[FR Doc. 2024-30928 Filed 12-26-24; 8:45 am]
BILLING CODE 4830-01-P
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