[Federal Register Volume 77, Number 30 (Tuesday, February 14, 2012)]
[Rules and Regulations]
[Page 8144]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-3353]


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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: Correction to notice of correcting amendments.

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SUMMARY: This document contains corrections to a correcting amendment 
(TD 9568), which was published in the Federal Register on Wednesday, 
January 25, 2012 (77 FR 3606) relating to section 482 and methods to 
determine taxable income in connection with a cost sharing arrangement.

DATES: This correction is effective on February 14, 2012, and is 
applicable beginnning 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, the correcting amendments to 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 correcting amendments to final 
regulations, (TD 9568), which were the subject of FR Doc. 2012-895, is 
corrected as follows:
    1. On page 3606, second column, instructional paragraph 3., item 4. 
the language ``4. Revising paragraph (k)(2)(ii)(3) is corrected to read 
``5. Revising paragraph (k)(2)(ii)(A)(3).
    2. On page 3606, second column, under the instructional paragraph 
3., the language ``4. Revising the fourth sentence of paragraph 
(g)(4)(viii), Example 3.'' is added.


Sec.  1.482-7  [Corrected].

    3. On page 3606, third column, Sec.  1.482-7(g)(2)(v)(C), Example 
(i), add three asterisks to the end of the paragraph and remove the 
five asterisks from below the paragraph.
    4. On page 3606, third column, Sec.  1.482-7(g)(2) after the five 
asterisks following paragraph (ii) the language ``(3) * * *'', is 
corrected to read ``(4) * * *''.
    5. On page 3606, third column, Sec.  1.482-7 (g)(4)(viii), the 
language ``(viii) * * *'' is corrected to read ``(viii) Examples. * * 
*''
    6. On page 3606, third column, Sec.  1.482-7(k)(2) below the five 
asterisks following paragraph (viii), Example 3 add ``(A)* * *'' below 
``(ii)* * *'' and above ``(3)'' and underscore ``(3)''.

Guy R. Traynor,
Federal Register Liaison, Legal Processing Division, Publication and 
Regulations Branch, Associate Chief Counsel (Procedure and 
Administration).
[FR Doc. 2012-3353 Filed 2-13-12; 8:45 am]
BILLING CODE 4830-01-P