[Federal Register Volume 67, Number 131 (Tuesday, July 9, 2002)]
[Rules and Regulations]
[Pages 45310-45311]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-17019]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Parts 1 and 602

[TD 8997]
RIN 1545-BA76


Carryback of Consolidated Net Operating Losses To Separate Return 
Years; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to temporary regulations.

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SUMMARY: This document contains corrections to temporary regulations

[[Page 45311]]

that were published in the Federal Register on Friday, May 31, 2002 (67 
FR 38000) that affect corporations filing consolidated returns.

DATES: This correction is effective May 31, 2002.

FOR FURTHER INFORMATION CONTACT: Marie Milnes-Vasquez, (202) 622-7770 
(not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The temporary regulations that are the subject of these corrections 
are under sections 1502 and 172 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, the publication of the temporary regulations (TD 
8997), that were the subject of FR Doc. 02-13576, is corrected as 
follows:
    1. On page 38001, column 3, in the preamble under the paragraph 
heading ``Background'', third full paragraph, line 5, the language 
``elections are made on a year-by-basis.'' is corrected to read 
``elections are made on a year-by-year basis.''.

    2. On page 38002, column 1, in the preamble under the paragraph 
heading ``Special Analyses'', first paragraph, lines 22 and 23, the 
language ``to 5 USC 553(b)(B) and delayed effective date is not 
required pursuant to 5 USC'' is corrected to read ``to 5 U.S.C. 
553(b)(3)(B) and delayed effective date is not required pursuant to 5 
U.S.C.''.

Cynthia E. Grigsby,
 Chief, Regulations Unit, Associate Chief Counsel (Income Tax and 
Accounting).
[FR Doc. 02-17019 Filed 7-8-02; 8:45 am]
BILLING CODE 4830-01-P