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Carryback of Consolidated Net Operating Losses To Separate Return Years; Correction

Document Details

Information about this document as published in the Federal Register.

Published Document

This document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.

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AGENCY:

Internal Revenue Service (IRS), Treasury.

ACTION:

Correction to temporary regulations.

SUMMARY:

This document contains corrections to temporary regulations Start Printed Page 45311that were published in the Federal Register on Friday, May 31, 2002 (67 FR 38000) that affect corporations filing consolidated returns.

DATES:

This correction is effective May 31, 2002.

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FOR FURTHER INFORMATION CONTACT:

Marie Milnes-Vasquez, (202) 622-7770 (not a toll-free number).

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SUPPLEMENTARY INFORMATION:

Background

The temporary regulations that are the subject of these corrections are under sections 1502 and 172 of the Internal Revenue Code.

Need for Correction

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As published, the temporary regulations contain errors that may prove to be misleading and are in need of clarification.

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Correction of Publication

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Accordingly, the publication of the temporary regulations (TD 8997), that were the subject of FR Doc.

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1. On page 38001, column 3, in the preamble under the paragraph heading “Background”, third full paragraph, line 5, the language “elections are made on a year-by-basis.” is corrected to read “elections are made on a year-by-year basis.”.

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2. On page 38002, column 1, in the preamble under the paragraph heading “Special Analyses”, first paragraph, lines 22 and 23, the language “to

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Cynthia E. Grigsby,

Chief, Regulations Unit, Associate Chief Counsel (Income Tax and Accounting).

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[FR Doc. 02-17019 Filed 7-8-02; 8:45 am]

BILLING CODE 4830-01-P