[Federal Register Volume 78, Number 76 (Friday, April 19, 2013)]
[Rules and Regulations]
[Page 23487]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-09177]


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

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9614]
RIN 1545-AM97


Certain Outbound Property Transfers by Domestic Corporations; 
Certain Stock Distributions by Domestic Corporations; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final and temporary regulations.

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

SUMMARY: This document contains corrections to final and temporary 
regulations (TD 9614) that were published in the Federal Register on 
Tuesday, March 19, 2013 (78 FR 17024). The final and temporary 
regulations apply to transfers of certain property by a domestic 
corporation to a foreign corporation in certain nonrecognition 
exchanges, or to distributions of stock of certain foreign corporations 
by a domestic corporation in certain nonrecognition distributions. The 
final regulations also establish reporting requirements for property 
transfers and stock distributions to which the final regulations apply.

DATES: This correction is effective April 19, 2013 and applicable April 
18, 2013.

FOR FURTHER INFORMATION CONTACT: Robert B. Williams, (202) 622-3860 
(not a toll free number).

SUPPLEMENTARY INFORMATION:

Background

    The final and temporary regulations (TD 9614) that are the subject 
of this correction are under sections 367, 1248, and 6038B of the 
Internal Revenue Code.

Need for Correction

    As published, the final and temporary regulations (TD 9614) contain 
an error that may prove to be misleading and is in need of 
clarification.

Correction of Publication

    Accordingly, the final and temporary regulations (TD 9614), that 
are the subject of FR Doc. 2013-05700, is corrected as follows:
    On page 17029, column 3, in the preamble, under the paragraph 
heading ``G. Elimination of Coordination Rule Exception in Sec.  
1.367(a)-3(d)(2)(vi)(B)(1)(i)'', line 24 from the top of the first full 
paragraph, the language ``or (d)(2)(vi)(b)(1)(ii) are satisfied. The'' 
is corrected to read ``or (d)(2)(vi)(B)(1)(ii) are satisfied. The''.

Alvin Hall,
Assistant Director, Legal Processing Division, Associate Chief Counsel 
(Procedure and Administration).
[FR Doc. 2013-09177 Filed 4-18-13; 8:45 am]
BILLING CODE 4830-01-P