[Federal Register Volume 75, Number 12 (Wednesday, January 20, 2010)]
[Rules and Regulations]
[Pages 3159-3160]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-866]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9475]
RIN 1545-BF83


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

AGENCY: Internal Revenue Service (IRS), Treasury.

[[Page 3160]]


ACTION: Correcting amendment.

-----------------------------------------------------------------------

SUMMARY: This document contains a correction to final regulations (TD 
9475) that were published in the Federal Register on Friday, December 
18, 2009 (74 FR 67053) 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 is issued and distributed in the transaction.

DATES: This correction is effective on January 20, 2010, and is 
applicable on December 18, 2009.

FOR FURTHER INFORMATION CONTACT: Bruce A. Decker, (202) 622-7790 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION: 

Background

    The final regulations (TD 9475) that are the subject of this 
document are under sections 358, 368 and 1502 of the Internal Revenue 
Code.

Need for Correction

    As published, the final regulations (TD 9475) contain an error that 
may prove to be misleading and is in need of clarification.

List of Subjects in 26 CFR Part 1

    Income taxes, Reporting and recordkeeping requirements.

Correction of Publication

0
Accordingly, 26 CFR part 1 is corrected by making the following 
correcting amendment:

PART 1--INCOME TAXES

0
Paragraph 1. The authority citation for part 1 continues to read in 
part as follows:

    Authority: 26 U.S.C. 7805 * * *


0
Par. 2. Section 1.368-2 is amended by revising paragraph (l)(2)(iv) to 
read as follows:.


Sec.  1.368-2  Definition of terms.

* * * * *
    (l) * * *
    (2) * * *
    (iv) Exception. Paragraph (l)(2) of this section does not apply to 
a transaction otherwise described in Sec.  1.358-6(b)(2).
* * * * *

Guy R. Traynor,
Acting Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 2010-866 Filed 1-19-10; 8:45 am]
BILLING CODE 4830-01-P