Internal Revenue Service (IRS), Treasury.
This document contains corrections to TD 9118, which was published in the Federal Register on Thursday, March 18, 2004 (69 FR 12799), relating to certain aspects of the temporary regulations addressing the deductibility of losses recognized on dispositions of subsidiary stock by members of a consolidated group and to the consequences of treating subsidiary stock as worthless.
This correction is effective on March 18, 2004.Start Further Info
FOR FURTHER INFORMATION CONTACT:
Mark Weiss (202) 622-7790 or Lola Johnson (202) 622-7550 (not a toll-free number).End Further Info End Preamble Start Supplemental Information
The temporary regulations (TD 9118) that are the subject of this correction are under 1502 of the Internal Revenue Code.
Need for Correction
As published, TD 9118 contains errors that 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
Correction of PublicationStart Amendment Part
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
Paragraph 1. The authority citation for part 1 continues to read in part as follows:End Amendment Part
Par. 2. Section 1.1502-35T(f)(1), the language “expired as of the day following the last” is removed and the language “expired as of the beginning of the day following the last” is added in its place.End Amendment Part Start Amendment Part
Par. 3. Section 1.1502-35T(f)(1), the language “shall be treated as expired as of the day” is removed and the language “shall be treated as expired as of the beginning of the day” is added in its place.End Amendment Part Start Signature
LaNita Van Dyke,
Acting Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedures and Administration).
[FR Doc. 04-10223 Filed 5-5-04; 8:45 am]
BILLING CODE 4830-01-P