96-23085. Modifications of Debt Instruments; Correction

[Federal Register Volume 61, Number 177 (Wednesday, September 11, 1996)]
[Rules and Regulations]
[Page 47822]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-23085]


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DEPARTMENT OF THE TREASURY
26 CFR Part 1

[TD 8675]
RIN 1545-AR04


Modifications of Debt Instruments; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final regulations.

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SUMMARY: This document contains a correction to final regulations (TD 
8675) which were published in the Federal Register on Wednesday, June 
26, 1996 (61 FR 32926). The final regulations relate to the 
modification of debt instruments.

EFFECTIVE DATE: September 24, 1996.

FOR FURTHER INFORMATION CONTACT: Thomas J. Kelly, [phone] (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations that are the subject of this correction are 
under section 1001 of the Internal Revenue Code.

Need for Correction

    As published, the final regulations (TD 8675) contain an error 
which may prove to be misleading and are in need of clarification.

Correction of Publication

    Accordingly, the publication of the final regulations (TD 8675) 
which are the subject of FR Doc. 96-15830 is corrected as follows:


Sec. 1.1001-3  [Corrected]

    On page 32935, column 3, Sec. 1.1001-3(g), paragraph (iv) of 
Example 5., line 8, the language ``(e)(4)(i)(E) of this section and is 
a significant'' is corrected to read ``(e)(4)(i)(C) of this section and 
is a significant''.
Cynthia E. Grigsby,
Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 96-23085 Filed 9-10-96; 8:45 am]
BILLING CODE 4830-01-U