[Federal Register Volume 85, Number 52 (Tuesday, March 17, 2020)]
[Rules and Regulations]
[Page 15061]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-05041]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9888]
RIN 1545-BN18


Guidance Under Section 355(e) Regarding Predecessors, Successors, 
and Limitation on Gain Recognition; Guidance Under Section 355(f); 
Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Final regulations; correction.

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SUMMARY: This document contains a correction to final regulations (TD 
9888) that were published in the Federal Register on Wednesday, 
December 18, 2019. The final regulations provide guidance regarding the 
distribution by a distributing corporation of stock or securities of a 
controlled corporation without the recognition of income, gain, or 
loss.

DATES: This correction is effective on March 17, 2020. For dates of 
applicability, see Sec.  1.355-8(i).

FOR FURTHER INFORMATION CONTACT: W. Reid Thompson, (202) 317-5024, or 
Richard K. Passales, (202) 317-5024 (not toll-free numbers).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations (TD 9888) (84 FR 69308, Dec. 18, 2019) that 
are the subject of this correction are issued under section 355 of the 
Internal Revenue Code.

Need for Correction

    As published, the final regulations (TD 9888), contain an error 
that needs to be corrected.

Correction of Publication

    Accordingly, the final regulations (TD 9888), that are the subject 
of FR Doc. 2019-27110, appearing on page 69308 in the Federal Register 
of Wednesday, December 18, 2019, are corrected as follows:
    1. On page 69312, in the third column, the eighth line from the 
bottom of the first full paragraph, ``8T(b)(2)(vi)(B)(2)'' is corrected 
to read ``8T(b)(2)(vi)''.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2020-05041 Filed 3-16-20; 8:45 am]
 BILLING CODE 4830-01-P