[Federal Register Volume 69, Number 187 (Tuesday, September 28, 2004)]
[Proposed Rules]
[Page 57897]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-21701]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-135898-04]
RIN 1545-BD63


Extension of Time To Elect Method for Determining Allowable Loss; 
Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice of proposed rulemaking by cross-reference 
to temporary regulations.

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SUMMARY: This document corrects a notice of proposed rulemaking by 
cross-reference to temporary regulations (REG-135898-04) that was 
published in the Federal Register on Thursday, August 26, 2004 (69 FR 
52462), that extends time for consolidated groups to elect to apply a 
method for determining allowable loss on a disposition of subsidiary 
stock, and permit consolidated groups to revoke such elections.

FOR FURTHER INFORMATION CONTACT: Theresa Abell, (202) 622-7700 or 
Martin Huck, (202) 622-7750 (not toll-free numbers).

SUPPLEMENTARY INFORMATION: 

Background

    The notice of proposed rulemaking by cross-reference to temporary 
regulations (REG-135898-04) that is the subject of this correction is 
under section 1502 of the Internal Revenue Code.

Need for Correction

    As published, the notice of proposed rulemaking by cross-reference 
to temporary regulations contains errors that may prove to be 
misleading and are in need of clarification.

Correction of Publication

    Accordingly, the notice of proposed rulemaking by cross-reference 
to temporary regulations (REG-135898-04) which is the subject of FR 
Doc. 04-19477 is corrected as follows:


Sec.  1.1502-20  [Corrected]

    On page 52463, column 2, Sec.  1.1502-20, in the amendatory 
language, Par. 3., line 4, the language ``August 25, 2004'' each time 
it appears.'' is corrected to read ``August 26, 2004'' each time it 
appears.''.

Cynthia E. Grigsby,
 Acting Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel (Procedures and Administration).
[FR Doc. 04-21701 Filed 9-27-04; 8:45 am]
BILLING CODE 4830-01-P