[Federal Register Volume 72, Number 15 (Wednesday, January 24, 2007)]
[Proposed Rules]
[Pages 3087-3088]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-860]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-125632-06]
RIN 1545-BF83


Corporate Reorganizations; Distributions Under Sections 
368(a)(1)(D) and 354(b)(1)(B); Correction Notice

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of proposed rulemaking by cross-reference to temporary 
regulations; correction notice.

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SUMMARY: This document contains corrections to notice of proposed 
rulemaking by cross-reference to temporary regulations that was 
published in the Federal Register on Tuesday, December 19, 2006 (71 FR 
75898) providing guidance regarding the qualification of certain 
transactions as reorganizations described in section 368(a)(1)(D) where 
no stock and/or securities of the acquiring corporation are issued and 
distributed in the transaction.

FOR FURTHER INFORMATION CONTACT: Bruce A. Decker at (202) 622-7550 (not 
a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The notice of proposed rulemaking by cross-reference to temporary 
regulations (REG-125632-06) that is the subject of these corrections 
are under sections 368 and 354 of the Internal Revenue Code.

Need for Correction

    As published, notice of proposed rulemaking by cross-reference to 
temporary regulations (REG-125632-06) 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

[[Page 3088]]

temporary regulations (REG-125632-06) that was the subject of FR Doc. 
E6-21572, is corrected as follows:
    On page 75898, column 3, in the preamble, under the caption, line 
9, the language ``acquiring corporation is issued and'' is corrected to 
read ``acquiring corporation are issued and.''

LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Office of Associate Chief Counsel (Procedure and Administration).
[FR Doc. E7-860 Filed 1-23-07; 8:45 am]
BILLING CODE 4830-01-P