Part IV. Items of General Interest

IRS and The George Washington University Law School To Sponsor Institute on International Tax Issues

Announcement 2002–105

Director, International (LMSB) Carol Dunahoo has announced the Fifteenth Annual Institute on Current Issues in International Taxation, jointly sponsored by the Internal Revenue Service and The George Washington University Law School, to be held on December 12 and 13, 2002, at the J.W. Marriott Hotel in Washington, DC. Registration is currently underway for the Institute, which is intended for international tax professionals.

The program will present a unique opportunity for top IRS and Treasury officials and tax experts, as well as leading private sector specialists, to address breaking issues and present key perspectives on new developments. The first day will feature sessions on the following:

• Cross-Border Issues in Employee Compensation;

• Check-the-Box Elections: Traps for the Unwary;

• Corporate Tax Compliance: Designing and Managing a Global Transfer Pricing Program; and

• Updates on Outbound Issues. The Honorable Pamela F. Olson, Assistant Secretary (Tax Policy), U.S. Department of the Treasury, will deliver the luncheon address. In addition, a panel of competent authority officials from Canada, India, Mexico, and the U.S. will discuss practical issues relating to the mutual agreement procedure.

The second day will focus on the following topics:

• Updates on Inbound Issues;

• Corporate Inversions and Other CrossBorder Restructurings; and

• US Trade or Business Revisited. The Honorable B. John Williams, Jr., Chief Counsel, Internal Revenue Service,

will deliver the luncheon address. The second day will also include an “Ask the IRS” panel featuring senior officials from the Service.

Those interested in attending or obtaining more information should contact The George Washington University Law School, Conference Management Services, by visiting its web site at http://www.law.gwu.edu/ ciit15, e-mail: stacey@tggroup.com or by telephoning 301–934–8589.

Subchapter S Subsidiaries; Correction

Announcement 2002–106

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting Amendment

SUMMARY: This document contains corrections to final regulations (T.D. 8869, 2000–1 C.B. 498), which were published in the Federal Register on Tuesday, January 25, 2000 (65 FR 3843), relating to the treatment of corporate subsidiaries of S corporations.

EFFECTIVE DATE: January 25, 2000.

FOR FURTHER INFORMATION CONTACT: Jeanne M. Sullivan (202) 622–3070 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

The final regulations that are the subject of this correction are under section 1361 of the Internal Revenue Code.

Need for Correction

As published, final regulations (T.D. 8869) contains an error which may prove to be misleading and is in need of clarification.

* * * * *

Correction of Publication

Accordingly, 26 CFR Part 1 is corrected by making the following correcting amendment:

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 * * *

§ 1.1361–5 [Corrected]

Par. 2. In § 1.1361–5, paragraph (c)(1), the first sentence is amended by removing the language “paragraph (b) of this section)” and adding the language “§ 1.1362– 5(b))” in its place.

Cynthia E. Grigsby, Chief, Regulations Unit, Associate Chief Counsel (Income Tax and Accounting).

(Filed by the Office of the Federal Register on October 23, 2002, 8:45 a.m., and published in the issue of the Federal Register for October 24, 2002, 67 F.R. 65312)

November 18, 2002 872 2002–46 I.R.B.