[Federal Register Volume 77, Number 16 (Wednesday, January 25, 2012)]
[Rules and Regulations]
[Pages 3605-3606]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-894]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9568]
RIN 1545-BI47


Section 482; Methods To Determine Taxable Income in Connection 
With a Cost Sharing Arrangement; Correction

AGENCY: Internal Revenue Service (IRS).

ACTION: Final rule; correction.

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SUMMARY: This document contains corrections to final regulations (TD 
9568), which were published in the Federal Register on Thursday, 
December 22, 2011 (76 FR 80082), Relating to section 482 and methods to 
determine taxable income in connection with a cost sharing arrangement.

DATES: Effective January 25, 2012, and applicable beginning December 
22, 2011.

FOR FURTHER INFORMATION CONTACT: Joseph L. Tobin at (202) 435-5265 (not 
a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations that are the subject of these corrections are 
under section 482 of the Internal Revenue Code.

Need for Correction

    As published, final regulations (TD 9568), contains errors which 
may prove to be misleading and are in need of clarification.

Correction of Publication

    Accordingly, the publication of the final regulations, (TD 9568), 
which were the subject of FR Doc. 2011-32458, is corrected as follows:
    1. On page 80082, column one, in the preamble, under the caption 
DATES, lines 4 and 5, the language ``1.482-8(c), 1.482-9(n), and 1.301-
7701-1(f)'' is corrected to read as ``1.482-8(c), 1.482-9(n), and 
301.7701-1(f).''
    2. On page 80082, column one, in the preamble, under the caption, 
Paperwork Reduction Act, line one, the language ``The collection of 
information'' is corrected to read ``The collections of information''.

[[Page 3606]]

    3. On page 80086, column three, in the preamble, paragraph d. 
introductory text, the language ``Contractual CWI Provisions--Sec.  
1.482-1(d)(3)(ii)(C), Examples 3 through 7'' is corrected to read 
``Contractual CWI Provisions--Sec.  1.482-7(h)(2)(iii)(C), Examples 3 
through 7.''.

 Guy R. Traynor,
 Federal Register Liaison, Legal Processing Division, Publication and 
Regulations Branch, Procedure and Administration.
[FR Doc. 2012-894 Filed 1-24-12; 8:45 am]
BILLING CODE 4830-01-P