[Federal Register Volume 77, Number 34 (Tuesday, February 21, 2012)]
[Rules and Regulations]
[Pages 9844-9845]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-3855]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9571]
RIN 1545-BJ84


Allocation and Apportionment of Interest Expense; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting amendment.

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SUMMARY: This document contains corrections to the final regulations 
(TD 9571), which were published in the Federal Register on January 17, 
2012 (77 FR 2225) that provide guidance regarding the allocation and 
apportionment of interest expense.

DATES: This correction is effective on February 21, 2012, and is 
applicable on January 17, 2012.

FOR FURTHER INFORMATION CONTACT: Jeffrey L. Parry, (202) 622-3850 (not 
a toll-free call).

SUPPLEMENTARY INFORMATION: 

Background

    The temporary regulations (TD 9571) that are the subject of these 
corrections are under section 864 of the Internal Revenue Code.

Need for Correction

    As published, the temporary regulations contain errors that may 
prove to be misleading and are in need of clarification.

List of Subjects 26 CFR Part 1

    Income taxes, Reporting and recordkeeping requirements.

Correction of Publication

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

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 * * *


Sec.  1.861-9T  [Corrected]

0
Par. 2. Section 1.861-9T is amended by revising paragraph (l) to read 
as follows:


Sec.  1.861-9T  Allocation and apportionment of interest expense 
(temporary).

* * * * *
    (l) Expiration date. The applicability date of paragraphs (e)(2), 
(e)(3), and (h)(4) expires on January 13, 2015.


Sec.  1.861-11T  [Corrected]

0
Par. 3. Section 1.861-11T is amended by revising paragraph (i) to read 
as follows:


Sec.  1.861-11T  Special rules for allocating and apportioning interest 
expense of an affiliated group of corporations (temporary).

* * * * *

[[Page 9845]]

    (i) Expiration date. The applicability date of paragraph (d)(6)(ii) 
expires on January 13, 2015.

Robin R. Jones,
Federal Register Liaison Officer, Publications and Regulations Branch, 
Legal Processing Division, Associate Chief Counsel, Procedure and 
Administration.
[FR Doc. 2012-3855 Filed 2-17-12; 8:45 am]
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