Internal Revenue Service (IRS), Treasury.
This document contains a correction to temporary regulations (TD 9458), which were published in the Federal Register on Friday, September 4, 2009, relating to modification to consolidated return regulation permitting an election to treat a liquidation of a target, followed by a recontribution to a new reorganization.
The correction is effective January 13, 2010, and is applicable beginning September 4, 2009.Start Further Info
FOR FURTHER INFORMATION CONTACT:
Guy Traynor at (202) 622-3693 (not a toll-free number).End Further Info End Preamble Start Supplemental Information
The temporary regulation that is the subject to this correction is under section 1502 of the Internal Revenue Code.
Need for Correction
As published September 4, 2009 (74 FR 45757), temporary regulations (TD 9458), contains an error which 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
(f) * * *
(5) * * *
(ii) * * *
(G) Expiration date. Paragraphs (f)(5)(ii)(B), (B)(1), (B)(2) and (F)(1), (2), and (3) of this section will expire on September 3, 2012.
Guy R. Traynor,
Federal Register Liaison, Publications & Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure & Administration).
[FR Doc. 2010-416 Filed 1-12-10; 8:45 am]
BILLING CODE 4830-01-P