[Federal Register Volume 71, Number 110 (Thursday, June 8, 2006)]
[Rules and Regulations]
[Page 33239]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-8890]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9254]
RIN 1545-BB25


Guidance Under Section 1502; Suspension of Losses on Certain 
Stock Dispositions; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final regulations.

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SUMMARY: This document contains corrections to final regulations that 
were published in the Federal Register on Tuesday, March 14, 2006 (71 
FR 13008). The regulations apply when a member of a consolidated group 
transfers subsidiary stock at a loss. They also apply when a member 
holds loss shares of subsidiary stock and the subsidiary ceases to be a 
member of the group.

DATES: This correction is effective March 14, 2006.

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

SUPPLEMENTARY INFORMATION:

Background

    The final regulations (TD 9254) that are the subject of this 
correction are under section 1502 of the Internal Revenue Code.

Need for Correction

    As published, final regulations (TD 9254) contains an error that 
may prove to be misleading and is in need of clarification.

Correction of Publication

    Accordingly, the final regulations (TD 9254) which was the subject 
of FR Doc. 06-2411, is corrected as follows:
    On page 13009, column 2, in the preamble, under the paragraph 
heading ``Special Analyses'', line 4 from the bottom of the paragraph, 
the language ``these regulations was submitted to the'' is corrected to 
read ``these regulations were submitted to the''.

Guy R. Traynor,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel, (Procedure and Administration).
[FR Doc. E6-8890 Filed 6-7-06; 8:45 am]
BILLING CODE 4830-01-P