[Federal Register Volume 74, Number 27 (Wednesday, February 11, 2009)]
[Rules and Regulations]
[Page 6828]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-2831]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9442]
RIN 1545-BA11


Consolidated Returns; Intercompany Obligations; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final regulations.

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SUMMARY: This document contains corrections to final regulations (TD 
9442) that were published in the Federal Register on Monday, December 
29, 2008 (73 FR 79324) under section 1502 of the Internal Revenue Code 
providing guidance regarding the treatment of transactions involving 
obligations between members of a consolidated group.

DATES: This correction is effective February 11, 2009, and is 
applicable on December 29, 2008.

FOR FURTHER INFORMATION CONTACT: Frances Kelly, (202) 622-7770 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION: 

Background

    The final regulations that are the subject of this document are 
under section 1502 of the Internal Revenue Code.

Need for Correction

    As published, final regulations (TD 9442) contains errors that may 
prove to be misleading and are in need of clarification.

Correction of Publication

0
Accordingly, the publication of the final regulations (TD 9442), which 
was the subject of FR Doc. E8-30718, is corrected as follows:
0
1. On page 79325, column 2, in the preamble, under the paragraph 
heading ``A. Anti-Abuse Rules'', second paragraph of the column, first 
to fifth lines from the bottom of the paragraph, the language ``from 
the deemed satisfaction and reissuance model, these final regulations 
also adopt more specific rules regarding such transfers (described in 
part C.3.a. of this Preamble).'' is corrected to read ``from the deemed 
satisfaction-reissuance model, these final regulations also adopt more 
specific rules regarding such transfers (described in part C.3.a. of 
this preamble).''.
0
2. On page 79325, column 3, in the preamble, under the paragraph 
heading ``C. Exceptions and Related Provisions'', third paragraph of 
the column, first line from the bottom of the paragraph, the language 
``satisfaction-reissuance.'' is corrected to read ``satisfaction and 
reissuance.''.
0
3. On page 79327, column 1, in the preamble, under the paragraph 
heading ``5. Exceptions to the Application of Section 108(e)(4)'', 
first paragraph of the column, fifth line from the bottom of the 
paragraph, the language ``short term debt exceptions for both'' is 
corrected to read ``short-term debt exceptions for both''.

Guy Traynor,
Acting Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel, (Procedure and Administration).
 [FR Doc. E9-2831 Filed 2-10-09; 8:45 am]
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