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Start Preamble
AGENCY:
Internal Revenue Service (IRS), Treasury.
ACTION:
Correction to final regulations.
SUMMARY:
This document contains corrections to final regulations (TD 9442) that were published in the Federal Register on Monday, December 29, 2008 (73 FR 79324) under section 1502 of the Internal Revenue Code providing guidance regarding the treatment of transactions involving obligations between members of a consolidated group.
DATES:
This correction is effective February 11, 2009, and is applicable on December 29, 2008.
Start Further InfoFOR FURTHER INFORMATION CONTACT:
Frances Kelly, (202) 622-7770 (not a toll-free number).
End Further Info End Preamble Start Supplemental InformationSUPPLEMENTARY INFORMATION:
Background
The final regulations that are the subject of this document are under section 1502 of the Internal Revenue Code.
Need for Correction
As published, final regulations (TD 9442) contains errors that may prove to be misleading and are in need of clarification.
Correction of Publication
Start Amendment PartAccordingly, the publication of the final regulations (TD 9442), which was the subject of FR Doc. E8-30718, is corrected as follows:
End Amendment Part Start Amendment Part1. On page 79325, column 2, in the preamble, under the paragraph heading “A. Anti-Abuse Rules”, second paragraph of the column, first to fifth lines from the bottom of the paragraph, the language “from the deemed satisfaction and reissuance model, these final regulations also adopt more specific rules regarding such transfers (described in part C.3.a. of this Preamble).” is corrected to read “from the deemed satisfaction-reissuance model, these final regulations also adopt more specific rules regarding such transfers (described in part C.3.a. of this preamble).”.
End Amendment Part Start Amendment Part2. On page 79325, column 3, in the preamble, under the paragraph heading “ C. Exceptions and Related Provisions”, third paragraph of the column, first line from the bottom of the paragraph, the language “satisfaction-reissuance.” is corrected to read “satisfaction and reissuance.”.
End Amendment Part Start Amendment Part3. On page 79327, column 1, in the preamble, under the paragraph heading “5. Exceptions to the Application of Section 108(e)(4)”, first paragraph of the column, fifth line from the bottom of the paragraph, the language “short term debt exceptions for both” is corrected to read “short-term debt exceptions for both”.
End Amendment Part Start SignatureGuy Traynor,
Acting Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration).
[FR Doc. E9-2831 Filed 2-10-09; 8:45 am]
BILLING CODE 4830-01-P
Document Information
- Effective Date:
- 2/11/2009
- Published:
- 02/11/2009
- Department:
- Internal Revenue Service
- Entry Type:
- Rule
- Action:
- Correction to final regulations.
- Document Number:
- E9-2831
- Dates:
- This correction is effective February 11, 2009, and is applicable on December 29, 2008.
- Pages:
- 6828-6828 (1 pages)
- Docket Numbers:
- TD 9442
- RINs:
- 1545-BA11: Transactions Involving Obligations of Consolidated Group Members
- RIN Links:
- https://www.federalregister.gov/regulations/1545-BA11/transactions-involving-obligations-of-consolidated-group-members
- PDF File:
- e9-2831.pdf
- CFR: (1)
- 26 CFR 1