Internal Revenue Service (IRS), Treasury.
This document contains corrections to final regulations (TD 8925), which were published in the Federal Register on Thursday, January 4, 2001 (66 FR 715), relating to the tax consequences of partnership mergers and divisions.
January 4, 2001.Start Further Info
FOR FURTHER INFORMATION CONTACT:
Mary Beth Collins (202) 622-3080 or Daniel Carmody (202) 622-3050 (not toll-free numbers).End Further Info End Preamble Start Supplemental Information
The final regulations that are the subject of these corrections are under section 708 of the Internal Revenue Code.
Need for Correction
As published, final regulations (TD 8925) contains errors which may prove to be misleading and are in need of clarification.Start List of Subjects
List of Subjects in 26 CFR Part 1
- Income taxes
- Reporting and recordkeeping requirements
Accordingly, 26 CFR part 1 is corrected by making the following correcting amendments:End Amendment Part Start Part
PART 1—INCOME TAXESEnd Part Start Amendment Part
1. The authority citation for part 1 continues to read in part as follows:End Amendment Part Start Part
PART 1—[Corrected]End Part Start Amendment Part
2. Each entry listed in the “Section/Location” column in the following table is amended by removing the text indicated in the “Remove” column, and adding the text indicated in the “Add” column.End Amendment Part
|§ 1.708-1(b)(4) second sentence||(b)(1)(i)||(b)(1)|
|§ 1.708-1(b)(4), in four locations in third sentence||(b)(1)(iv)||(b)(4)|
|§ 1.708-1(b)(4), Example. (iii), last sentence||§ 1.708-1(b)(1)(iv)||§ 1.708-1(b)(4)|
|§ 1.708-1(b)(5), in three locations in last sentence||(b)(1)(v)||(b)(5)|
Cynthia E. Grigsby,
Chief, Regulations Unit, Associate Chief Counsel (Income Tax & Accounting).
[FR Doc. 02-22927 Filed 9-9-02; 8:45 am]
BILLING CODE 4830-01-P