[Federal Register Volume 77, Number 73 (Monday, April 16, 2012)]
[Rules and Regulations]
[Page 22480]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-8993]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9562]
RIN 1545-BH77


Conduit Financing Arrangements; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting amendment.

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SUMMARY: This document contains a correction to final regulations (TD 
9562) that were published in the Federal Register on Friday, December 
9, 2011 (76 FR 76895) providing guidance on conduit financing 
arrangements. The final regulations apply to multiple-party financing 
arrangements that are effected through disregarded entities, and are 
necessary in order to determine which of those arrangements should be 
recharacterized as a conduit financing arrangement.

DATES: This correction is effective on April 16, 2012 and is applicable 
on December 9, 2011.

FOR FURTHER INFORMATION CONTACT: Quyen P. Huynh, (202) 622-3880 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulation (TD 9562) that is the subject of this 
correction is under section 881 of the Internal Revenue Code.

Need for Correction

    As published, TD 9562 contains errors 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

    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.  1.881-3  [Amended]

0
Par. 2. For each entry in the table in the ``Section'' column, remove 
the language in the ``Remove'' column and add in its place the language 
in the ``Add'' column as set forth below:

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             Section                               Remove                                   Add
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Last sentence of paragraph         Examples 1, 2, 3......................  Examples 1, 2, 3 and 4.
 (a)(2)(i)(A).
Last sentence of paragraph         Examples 4 and 5......................  Examples 5 and 6.
 (a)(2)(i)(B).
Last sentence of paragraph         Example 6.............................  Example 7.
 (a)(3)(ii)(E)(2)(ii).
Last sentence of paragraph         Examples 7 and 8......................  Examples 8 and 9.
 (a)(4)(ii)(B).
Last sentence of paragraph (b)(1)  Examples 11 and 12....................  Examples 12 and 13.
Last sentence of paragraph         Examples 13, 14 and 15................  Examples 14, 15 and 16.
 (b)(2)(i).
Last sentence of paragraph         Example 16............................  Example 17.
 (b)(2)(iii).
Last sentence of paragraph         Example 17............................  Example 18.
 (b)(2)(iv).
Last sentence of paragraph         Examples 21, 22 and 23................  Examples 22, 23 and 24.
 (b)(3)(i).
Last sentence of paragraph         Example 24............................  Example 25.
 (d)(1)(i).
Next to last sentence of           Example 25............................  Example 26.
 paragraph (d)(1)(ii)(A).
Paragraph (e), Example 21,         Example 19............................  Example 20.
 paragraph (i).
Paragraph (e), Example 21,         Example 20............................  Example 21.
 paragraph (ii).
Paragraph (e), Example 23,         Example 21............................  Example 22.
 paragraph (i).
Paragraph (e), Example 24,         Example 21............................  Example 22.
 paragraph (i).
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Treena V. Garrett,
Federal Register Liaison, Publications and Regulations Branch, Legal 
Processing Division, Associate Chief Counsel, (Procedure and 
Administration).
[FR Doc. 2012-8993 Filed 4-13-12; 8:45 am]
BILLING CODE 4830-01-P