2020-05041. Guidance Under Section 355(e) Regarding Predecessors, Successors, and Limitation on Gain Recognition; Guidance Under Section 355(f); Correction
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AGENCY:
Internal Revenue Service (IRS), Treasury.
ACTION:
Final regulations; correction.
SUMMARY:
This document contains a correction to final regulations (TD 9888) that were published in the Federal Register on Wednesday, December 18, 2019. The final regulations provide guidance regarding the distribution by a distributing corporation of stock or securities of a controlled corporation without the recognition of income, gain, or loss.
DATES:
This correction is effective on March 17, 2020. For dates of applicability, see § 1.355-8(i).
Start Further InfoFOR FURTHER INFORMATION CONTACT:
W. Reid Thompson, (202) 317-5024, or Richard K. Passales, (202) 317-5024 (not toll-free numbers).
End Further Info End Preamble Start Supplemental InformationSUPPLEMENTARY INFORMATION:
Background
The final regulations (TD 9888) (84 FR 69308, Dec. 18, 2019) that are the subject of this correction are issued under section 355 of the Internal Revenue Code.
Need for Correction
As published, the final regulations (TD 9888), contain an error that needs to be corrected.
Correction of Publication
Accordingly, the final regulations (TD 9888), that are the subject of FR Doc. 2019-27110, appearing on page 69308 in the Federal Register of Wednesday, December 18, 2019, are corrected as follows:
1. On page 69312, in the third column, the eighth line from the bottom of the first full paragraph, “8T(b)(2)(vi)(B)(2)” is corrected to read “8T(b)(2)(vi)”.
Start SignatureMartin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2020-05041 Filed 3-16-20; 8:45 am]
BILLING CODE 4830-01-P
Document Information
- Effective Date:
- 3/17/2020
- Published:
- 03/17/2020
- Department:
- Internal Revenue Service
- Entry Type:
- Rule
- Action:
- Final regulations; correction.
- Document Number:
- 2020-05041
- Dates:
- This correction is effective on March 17, 2020. For dates of applicability, see Sec. 1.355-8(i).
- Pages:
- 15061-15061 (1 pages)
- Docket Numbers:
- TD 9888
- RINs:
- 1545-BN18: Regulations Regarding Predecessors and Successors Under Section 355(e); Limitation on Gain Recognition Under Section 355(e) (Temporary)
- RIN Links:
- https://www.federalregister.gov/regulations/1545-BN18/regulations-regarding-predecessors-and-successors-under-section-355-e-limitation-on-gain-recognition
- PDF File:
- 2020-05041.pdf
- CFR: (1)
- 26 CFR 1