99-25233. Regulations Under Section 382 of the Internal Revenue Code of 1986; Application of Section 382 in Short Taxable Years and With Respect to Controlled Groups; Correction  

  • [Federal Register Volume 64, Number 189 (Thursday, September 30, 1999)]
    [Rules and Regulations]
    [Page 52650]
    From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
    [FR Doc No: 99-25233]
    
    
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    DEPARTMENT OF THE TREASURY
    
    Internal Revenue Service
    
    26 CFR Part 1
    
    [TD 8825]
    RIN 1545-AU33
    
    
    Regulations Under Section 382 of the Internal Revenue Code of 
    1986; Application of Section 382 in Short Taxable Years and With 
    Respect to Controlled Groups; Correction
    
    AGENCY: Internal Revenue Service (IRS), Treasury.
    
    ACTION: Correction to final regulations.
    
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    SUMMARY: This document contains corrections to TD 8825, which was 
    published in the Federal Register on Friday, July 2, 1999 (64 FR 
    36175). These regulations relate to limitations on net operating loss 
    carryovers and certain built-in losses following an ownership change of 
    a corporation.
    
    EFFECTIVE DATE: July 2, 1999.
    
    FOR FURTHER INFORMATION CONTACT: Lee A. Kelley at (202) 622-7550 (not a 
    toll-free number).
    
    SUPPLEMENTARY INFORMATION:
    
    Background
    
        The final regulations that are the subject of these corrections are 
    under section 382 of the Internal Revenue Code.
    
    Need for Correction
    
        As published, TD 8825 contains errors which may prove to be 
    misleading and are in need of clarification.
    
    Correction of Publication
    
        Accordingly, the publication of the final regulations (TD 8825), 
    which are the subject of FR Doc. 99-16163, is corrected as follows:
        1. On page 36177, column 2, instructional paragraph 2, the language 
    ``Par 2. Section 382-1 is amended by'' is corrected to read ``Par. 2. 
    Section 1.382-1 is amended by:''.
        2. On page 36177, column 3, the section heading ``Sec. 1.1382-2 
    [Amended]'' is corrected to read ``Sec. 1.382-2 [Amended]''.
    Cynthia E. Grigsby,
    Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
    [FR Doc. 99-25233 Filed 9-29-99; 8:45 am]
    BILLING CODE 4830-01-P
    
    
    

Document Information

Effective Date:
7/2/1999
Published:
09/30/1999
Department:
Internal Revenue Service
Entry Type:
Rule
Action:
Correction to final regulations.
Document Number:
99-25233
Dates:
July 2, 1999.
Pages:
52650-52650 (1 pages)
Docket Numbers:
TD 8825
RINs:
1545-AU33: Regulations Under Section 382
RIN Links:
https://www.federalregister.gov/regulations/1545-AU33/regulations-under-section-382
PDF File:
99-25233.pdf
CFR: (1)
26 CFR 1