[Federal Register Volume 61, Number 56 (Thursday, March 21, 1996)]
[Rules and Regulations]
[Page 11550]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-6482]



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DEPARTMENT OF THE TREASURY
26 CFR Parts 1 and 602

[TD 8638]
RIN 1545-AT44


Certain Transfers of Domestic Stock or Securities by U.S. Persons 
to Foreign Corporations; Correction

AGENCY: Internal Revenue Service, Treasury.

ACTION: Correction to temporary regulations.

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SUMMARY: This document contains a correction to temporary regulations 
(TD 8638), which were published in the Federal Register Tuesday, 
December 26, 1995 (60 FR 66739), that amend the Income Tax Regulations 
with respect to certain transfers of stock or securities of domestic 
corporations by United States persons to foreign corporations pursuant 
to the corporate organization, reorganization, or liquidation 
provisions of the Internal Revenue Code. The temporary regulations also 
remove certain parts of the existing temporary regulations regarding 
transfers by U.S. persons of stock or securities of both domestic and 
foreign corporations.

EFFECTIVE DATE: December 26, 1995.

FOR FURTHER INFORMATION CONTACT: Philip L. Tretiak, (202) 622-3860 (not 
a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The temporary regulations that are the subject of this correction 
is under section 367 Internal Revenue Code.

Need for Correction

    As published, the temporary regulations (TD 8638) contains an error 
which may prove to be misleading and is in need of clarification.

Correction of Publication

    Accordingly, the publication of the final regulations (TD 8638), 
which were the subject of FR Doc. 95-30829, is corrected as follows:
    On page 66739, column 2, in the preamble under the paragraph 
heading ``Applicability and Effective Dates'', line 9, the language 
``for transfers occurring January 25, 1996.'' is corrected to read 
``for transfers occurring after January 25, 1996.''.
Cynthia E. Grigsby,
Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 96-6482 Filed 3-20-96; 8:45 am]
BILLING CODE 4830-01-U