Internal Revenue Service (IRS), Treasury.
This document contains correction to temporary regulations (TD 9313) that were published in the Federal Register on Thursday, March 1, 2007 (72 FR 9262) providing guidance regarding the qualification of certain transactions as reorganizations described in section 368(a)(1)(D) where no stock and/or securities of the acquiring corporation are issued and distributed in the transaction.
This amendment is effective March 29, 2007.Start Further Info
FOR FURTHER INFORMATION CONTACT:
Bruce A. Decker at (202) 622-7550 (not a toll-free number).End Further Info End Preamble Start Supplemental Information
The temporary regulations that are the subjects of this correction are under section 368 of the Internal Revenue Code.
Need for Correction
As published, temporary regulations (TD 9313) contain an error that may prove to be misleading and is in need of clarification.Start List of Subjects
List of Subjects in 26 CFR Part 1End List of Subjects
Correction of PublicationStart Amendment Part
Accordingly,End Amendment Part Start Part
PART 1—INCOME TAXESEnd Part Start Amendment Part
End Amendment Part Start Amendment Part
End Amendment Part
(l) * * *
(2) * * *
(iv) Exception. This paragraph (l)(2) of this section does not apply to a transaction otherwise described in § 1.358-6(b)(2) or section 368(a)(1)(G) by reason of section 368(a)(2)(D).
LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration).
[FR Doc. E7-5603 Filed 3-28-07; 8:45 am]
BILLING CODE 4830-01-P