[Federal Register: March 21, 2001 (Volume 66, Number 55)]
[Proposed Rules]               
[Page 15820]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr21mr01-21]                         

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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-126100-00]
RIN 1545-AY62

 
Guidance on Reporting of Deposit Interest Paid to Nonresident 
Aliens; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice of proposed rulemaking and notice of 
public hearing.

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SUMMARY: This document contains corrections to REG-126100-00, which was 
published in the Federal Register on Wednesday, January 17, 2001 (66 FR 
3925). These regulations provide guidance on the reporting requirements 
for interest on deposits maintained at the U.S. office of certain 
financial institutions and paid to nonresident alien individuals.

FOR FURTHER INFORMATION CONTACT: Kate Y. Hwa (202) 622-3840 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The notice of proposed rulemaking and notice of public hearing that 
is the subject of these corrections is under section 6049 of the 
Internal Revenue Code.

Need for Correction

    As published, REG-126100-00 contains errors which may prove to be 
misleading and are in need of clarification.
    1. On page 3927, column 1, in the preamble, under the paragraph 
heading ``Comments and Public Hearing'', second paragraph, line 2, the 
language ``for March 31, 2001, beginning at 10 a.m.'' is corrected to 
read ``for March 21, 2001, beginning at 10 a.m.''.


Sec. 1.6049-4  [Corrected]

    2. On page 3927, column 3, Sec. 1.6049-4(b)(5)(ii), lines 5 through 
8, the language ``published in the Federal Register with respect to a 
Form W-8 (Certificate of Foreign Status) furnished to the payor or 
middleman after that date. (For interest'' is corrected to read 
``published in the Federal Register. (For interest''.

Cynthia Grigsby,
Chief, Regulations Unit, Office of Special Counsel, (Modernization & 
Strategic Planning).
[FR Doc. 01-6478 Filed 3-20-01; 8:45 am]
BILLING CODE 4830-01-P