Internal Revenue Bulletin: 2007-10 |
March 5, 2007 |
Corporate Reorganizations; Distributions Under Sections 368(a)(1)(D) and 354(b)(1)(B); Correction Notice
Table of Contents
Notice of proposed rulemaking by cross-reference to temporary regulations; Correction notice.
This document contains corrections to notice of proposed rulemaking by cross-reference to temporary regulations (REG-125632-06, 2007-5 I.R.B. 415) that was published in the Federal Register on Tuesday, December 19, 2006 (71 FR 75898) providing guidance regarding the qualification of certain transactions as reorganizations described in section 368(a)(1)(D) where no stock and/or securities of the acquiring corporation are issued and distributed in the transaction.
The notice of proposed rulemaking by cross-reference to temporary regulations (REG-125632-06) that is the subject of these corrections are under sections 368 and 354 of the Internal Revenue Code.
As published, notice of proposed rulemaking by cross-reference to temporary regulations (REG-125632-06) contains errors that may prove to be misleading and are in need of clarification.
Accordingly, the notice of proposed rulemaking by cross-reference to temporary regulations (REG-125632-06) that was the subject of FR Doc. E6-21572, is corrected as follows:
On page 75898, column 3, in the preamble, under the caption “SUMMARY:”, line 9, the language “acquiring corporation is issued and” is corrected to read “acquiring corporation are issued and.”
LaNita Van Dyke,
Chief,
Publications and Regulations Branch,
Legal Processing Division,
Office
of Associate Chief Counsel
(Procedure and Administration).
Note
(Filed by the Office of the Federal Register on January 23, 2007, 8:45 a.m., and published in the issue of the Federal Register for January 24, 2007, 72 F.R. 3087)
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