[Federal Register Volume 71, Number 52 (Friday, March 17, 2006)]
[Rules and Regulations]
[Page 13767]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 06-2537]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9244]
RIN 1545-BC05; 1545-BE88


Determination of Basis of Stock or Securities Received in 
Exchange for, or With Respect to, Stock or Securities in Certain 
Transactions; Treatment of Excess Loss Accounts; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction notice to final and temporary regulations.

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SUMMARY: This document contains a correction to final and temporary 
regulations (TD 9244), that was published in the Federal Register on 
Thursday, January 26, 2006 (71 FR 4264). This regulation provides 
guidance regarding the determination of the basis of stock or 
securities received in exchange for, or with respect to stock or 
securities in certain transactions.

DATES: This correction is effective January 23, 2006.

FOR FURTHER INFORMATION CONTACT: Theresa M. Kolish, (202) 622-3070 (not 
a toll-free number).

SUPPLEMENTARY INFORMATION: 

Background

    The final and temporary regulations (TD 9244) that are the subject 
of these corrections are under sections 356, 358 and 1502 of the 
Internal Revenue Code.

Need for Correction

    As published, TD 9244 contains errors that may prove to be 
misleading and are in need of clarification.

Correction of Publication

0
Accordingly, the publication of the final and temporary regulations (TD 
9244), that were the subject of FR Doc. 06-585, is corrected as 
follows:

PART 1--[CORRECTED]

0
1. On page 4274, column 2, under Par. 5., the language, ``3. Revising 
the paragraph heading for paragraph (h).'' is removed.

0
2. On page 4274, column 3, the language, ``Par. 6. Section 1.1502-19T 
is revised to read as follows:'' is corrected to read ``Par. 6. Section 
1.1502-19T is added to read as follows:''.

Guy R. Traynor,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedures and Administration).
[FR Doc. 06-2537 Filed 3-16-06; 8:45 am]
BILLING CODE 4830-01-P