This document contains corrections to the final regulations (TD 9571), which were published in the Federal Register on January 17, 2012 (77 FR 2225) that provide guidance regarding the allocation and apportionment of interest expense.
This correction is effective on February 21, 2012, and is applicable on January 17, 2012.
FOR FURTHER INFORMATION CONTACT:
Jeffrey L. Parry, (202) 622-3850 (not a toll-free call).
The temporary regulations (TD 9571) that are the subject of these corrections are under section 864 of the Internal Revenue Code.
Need for Correction
As published, the temporary regulations contain errors that may prove to be misleading and are in need of clarification.
Correction of Publication
Accordingly, 26 CFR part 1 is corrected by making the following correcting amendments:
PART 1—INCOME TAXES
Allocation and apportionment of interest expense (temporary).
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(l) Expiration date. The applicability date of paragraphs (e)(2), (e)(3), and (h)(4) expires on January 13, 2015.
Special rules for allocating and apportioning interest expense of an affiliated group of corporations (temporary).
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(i) Expiration date. The applicability date of paragraph (d)(6)(ii) expires on January 13, 2015.
Robin R. Jones,
Federal Register Liaison Officer, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, Procedure and Administration.
[FR Doc. 2012-3855 Filed 2-17-12; 8:45 am]
BILLING CODE 4830-01-P