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###### Department of the Treasury

###### Internal Revenue Service

          - 26 CFR Part 1
          - [TD 9572]
          - RIN 1545-BK53

# AGENCY:

Internal Revenue Service (IRS).

# ACTION:

Temporary regulations; correcting amendment.

      ( print page 13969)    

# 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:

# 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 * * *

§ 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).

* * * * *

§ 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 

**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).

[FR Doc. 2012-5315 Filed 3-7-12; 8:45 am]

BILLING CODE 4830-01-P