Internal Revenue Service (IRS), Treasury.
Correction to notice of proposed rulemaking by cross-reference to temporary regulations.
This document contains a correction to a notice of proposed rulemaking by cross-reference to temporary regulations (REG-150670-07) that was published in the Federal Register on Monday, December 15, 2008 (73 FR 75979) giving guidance regarding the distribution of stock of a controlled corporation acquired in a transaction described in section 355(a)(3)(B) of the Internal Revenue Code. This action is necessary in light of amendments to section 355(b). The text of those regulations also serves as the text of these proposed regulations. These regulations will affect corporations and their shareholders.Start Further Info
FOR FURTHER INFORMATION CONTACT:
Russell P. Subin, (202) 622-7790 (not a toll-free number).End Further Info End Preamble Start Supplemental Information
The correction notice that is the subject of this document is under section 355 of the Internal Revenue Code.
Need for Correction
As published, the notice of proposed rulemaking by cross-reference to temporary regulations (REG-150670-07) contains an error that may prove to be misleading and is in need of clarification.
Correction of Publication
Accordingly, the publication of the notice of proposed rulemaking by cross-reference to temporary regulations (REG-150670-07), which was the subject of FR Doc. E8-29545, is corrected as follows:
On page 75980, column 2, under the CFR part heading “PART 1—INCOME TAXES”, line 2 of the authority citation, the language “Section 1.355-2(g) also issued under 26” is corrected to read “Section 1.355-2(g) and (i) also issued under 26”.Start Signature
LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration).
[FR Doc. E9-1104 Filed 1-16-09; 8:45 am]
BILLING CODE 4830-01-P