71 FR 190 pg. 57888 - Stock Transfer Rules: Carryover of Earnings and Taxes; Correction
Type: RULEVolume: 71Number: 190Page: 57888
Docket number: [TD 9273]
FR document: [FR Doc. E6-16126 Filed 9-29-06; 8:45 am]
Agency: Treasury Department
Sub Agency: Internal Revenue Service
Official PDF Version: PDF Version
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9273]
RIN 1545-AX65
Stock Transfer Rules: Carryover of Earnings and Taxes; Correction
AGENCY:
Internal Revenue Service (IRS), Treasury.
ACTION:
Correction to final regulations.
SUMMARY:
This document contains a correction to final regulations (TD 9273) that were published in the Federal Register on Tuesday, August 8, 2006(71 FR 44887) addressing the carryover of certain tax attributes, such as earnings and profits and foreign income tax accounts, when two corporations combine in a corporate reorganization or liquidation that is described in both section 367(b) and section 381 of the Internal Revenue Code (Code).
DATES:
This correction is effective August 8, 2006.
FOR FURTHER INFORMATION CONTACT:
Jeffrey L. Parry, (202) 622-3850 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The correction notice that is the subject of this document is under sections 367(b) and 381 of the Internal Revenue Code.
Need for Correction
As published, final regulations (TD 9273) contain an error that may prove to be misleading and is in need of clarification.
Correction of Publication
Accordingly, the publication of the final regulations (TD 9273), which was the subject of FR Doc. 06-6740, is corrected as follows:
On page 44889, column 3, in the preamble, under the paragraph heading "B. Paradigm Based on Pooling Rather Than Look-Through", first paragraph of the column, line 11, the language "through-corporation included a" is corrected to read "through corporation included a".
Guy R. Traynor,
Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration).
[FR Doc. E6-16126 Filed 9-29-06; 8:45 am]
BILLING CODE 4830-01-P