[Federal Register Volume 72, Number 83 (Tuesday, May 1, 2007)]
[Rules and Regulations]
[Page 23771]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-8316]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9322]
RIN 1545-BG26


Anti-Avoidance and Anti-Loss Reimportation Rules Applicable 
Following a Loss on Disposition of Stock of Consolidated Subsidiaries; 
Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final and temporary regulations.

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SUMMARY: This document contains corrections to final and temporary 
regulations that was published in the Federal Register on Tuesday, 
April 10, 2007 (71 FR 17804) providing guidance to corporations filing 
consolidated returns and applying an anti-avoidance rule and revising 
an anti-loss reimportation rule that applies following a disposition of 
stock of a subsidiary at a loss.

FOR FURTHER INFORMATION CONTACT: Theresa Abell, (202) 622-7700 or 
Phoebe Bennett, (202) 622-7770 (not toll-free numbers).

SUPPLEMENTARY INFORMATION:

Background

    The final and temporary regulations (TD 9322) that are the subject 
of these corrections are under section 1502 of the Internal Revenue 
Code.

Need for Correction

    As published, these final and temporary regulations (TD 9322) 
contain errors that may prove to be misleading and are in need of 
clarification.

Correction of Publication

    Accordingly, these final and temporary regulations (TD 9322) that 
were the subject of FR Doc. E7-6541, are corrected as follows:
    1. On page 17805, column 1, in the preamble, under the paragraph 
heading ``Background and Explanation of Provisions'' paragraph 2, line 
6 from the bottom of the column, the language ``the loss reimportation 
rule is also'' is corrected to read ``the anti-loss reimportation rule 
is also''.
    2. On page 17805, column 2, in the preamble, under the paragraph 
heading ``Special Analyses'', line 5 from the top of the column, the 
language ``U.S.C. 553(b)(B) that prior notice and'' is corrected to 
read ``U.S.C. 553(b)(3)(B) that prior notice and''.
    3. On page 17805, column 2, in the preamble, under the paragraph 
heading ``Special Analyses'', line 16 from the top of the column, the 
language ``reference notice of the proposed'' is corrected to read 
``reference notice of proposed''.

LaNita Van Dyke,
Branch Chief, Publications and Regulations Branch, Legal Processing 
Division, Office of Associate Chief Counsel (Procedure and 
Administration).
 [FR Doc. E7-8316 Filed 4-30-07; 8:45 am]
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