Skip to Content

Rule

Methods of Accounting Used by Corporations That Acquire the Assets of Other Corporations; Correction

Document Details

Information about this document as published in the Federal Register.

Published Document

This document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.

Start Preamble

AGENCY:

Internal Revenue Service (IRS), Treasury.

ACTION:

Correction to final regulations.

SUMMARY:

This document describes corrections to final regulations (TD 9534) relating to the methods of accounting, including the inventory methods, to be used by corporations that acquire the assets of other corporations in certain corporate reorganizations and tax-free liquidations. These regulations were published in the Federal Register on Monday, August 1, 2011.

DATES:

This correction is effective on August 31, 2011.

Start Further Info Start Printed Page 53820

FOR FURTHER INFORMATION CONTACT:

Cheryl Oseekey, (202) 622-4970 (not a toll-free number).

End Further Info End Preamble Start Supplemental Information

SUPPLEMENTARY INFORMATION:

Background

The final regulations (TD 9534) that are the subject of this correction are under sections 381 and 446 of the Internal Revenue Code.

Need for Correction

As published on August 1, 2011 (76 FR 45673), the final regulations (TD 9534) contain errors that may prove to be misleading and are in need of clarification.

Correction of Publication

Accordingly, the publication of the final regulations (TD 9534), which were the subject of FR Doc. 2011-19256, is corrected as follows:

[Corrected]
Start Amendment Part

1. On page 45683, column 1, § 1.381(c)(5)-1(b), first line of the paragraph, the language “(b)

End Amendment Part Start Amendment Part

2. On page 45685, column 1, § 1.381(c)(5)-1(c)(3)

End Amendment Part Start Signature

LaNita Van Dyke,

Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration).

End Signature End Supplemental Information

[FR Doc. 2011-22051 Filed 8-29-11; 8:45 am]

BILLING CODE 4830-01-P