Internal Revenue Service (IRS), Treasury.
Correction to final regulations.
This document contains a correction to final regulations relating to deemed and actual asset acquisitions under sections 338 and 1060. The final regulations that were published in the Federal Register on Tuesday, February 13, 2001 (66 FR 9925).
This correction is effective March 16, 2001.Start Further Info
FOR FURTHER INFORMATION CONTACT:
Richard Starke (202) 622-7790 (not a toll-free number).End Further Info End Preamble Start Supplemental Information
The final regulations that are the subject of these corrections are under Start Printed Page 17363sections 338 and1060 of the Internal Revenue Code.
Need for Correction
As published, the final regulations contain an error that may prove to be misleading and is in need of clarification.
Correction of PublicationStart Amendment Part
Accordingly, the publication of the final regulations (TD 8940), that were the subject of FR Doc. 01-981 is corrected as follows:End Amendment Part Start Amendment Part
1. On page 9929, in the table, the entry for § 1.197-2(k), Example 23 is corrected to read as follows:End Amendment Part
|* * * * * * *|
|1.197-2(k), Example 23, paragraph (iv), first sentence||(as these terms are defined in § 1.338-1(c)(13))||(as these terms are defined in § 1.338&ndas-2(c)(17))|
|* * * * * * *|
2. On page 9935, column 3, § 1.338-3, paragraph (b)(3)(iv), paragraph (ii) of Example 1., line 9 from the bottom of the paragraph, the language “338(h)(3)(A)(iii). See § 1.338-2(b)(3)(ii)(C).” is corrected to read “338(h)(3)(A)(iii). See § 1.338-3(b)(3)(ii)(C).”.End Amendment Part
3. On page 9944, column 3, § 1.338-6, paragraph (d), paragraph (ix) of Example 1 line 1, the language “The liabilities of T as of the beginning” is corrected to read “ The liabilities of T1 as of the beginning”.End Amendment Part Start Signature
Cynthia E. Grigsby,
Chief, Regulations Unit, Office of Special Counsel (Modernization and Strategic Planning).
[FR Doc. 01-7934 Filed 3-29-01; 8:45 am]
BILLING CODE 4830-01-P