[Federal Register Volume 60, Number 40 (Wednesday, March 1, 1995)]
[Proposed Rules]
[Page 11060]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-5067]



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DEPARTMENT OF THE TREASURY
26 CFR Part 1

[CO-993-71]
RIN 1545-AB21


Controlling Corporation's Basis Adjustment in Its Controlled 
Corporation's Stock Following a Triangular Reorganization; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice of proposed rulemaking.

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SUMMARY: This document contains corrections to the notice of proposed 
rulemaking [CO-993-71], which was published in the Federal Register for 
Friday, December 23, 1994 (59 FR 66280). The proposed regulations 
provide rules for adjusting the basis of a controlling corporation in 
the stock of a controlled corporation as the result of certain 
triangular reorganizations involving the stock of the controlling 
corporation.

FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations, 
Rose L. Williams, (202) 622-7550; concerning submissions and the 
hearing, Michael Slaughter, (202) 622-7190 (not toll-free numbers).

SUPPLEMENTARY INFORMATION:

Background

    The proposed regulations that are the subject of these corrections 
are under sections 358, 1032, and 1502 of the Internal Revenue Code.

Need for Correction

    As published, the notice of proposed rulemaking contains 
typographical errors that are in need of correction.

Correction of Publication

    Accordingly, the publication of the notice of proposed rulemaking 
which is the subject of FR Doc. 94-31287, is corrected as follows:
    1. On page 66282, column 2, in the preamble under the paragraph 
heading ``F. Proposed Effective Dates'', last paragraph in the column, 
lines 4 and 9, the language ``December 23, 1994, in which P and S,'' is 
corrected to read ``[THE DAY THE FINAL REGULATIONS ARE PUBLISHED IN THE 
Federal Register] in which P and S,''.
    2. On page 66285, column 2, Sec. 1.1032-2, paragraph (a), line 3, 
the regulation section ``Sec. 1.358-(6)(b)'' is corrected to read 
``Sec. 1.358-6(b)''.
    3. On page 66285, column 2, Sec. 1.1032-2, paragraph (d), paragraph 
(b) of Example 1., line 5, the regulation section ``Sec. 1.1032-
(1)(a)'' is corrected to read ``Sec. 1.1032-1(a)''.
Cynthia E. Grigsby,
Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 95-5067 Filed 2-28-95; 8:45 am]
BILLING CODE 4830-01-P