Internal Revenue Bulletin: 2006-27 |
July 3, 2006 |
Guidance Under Section 1502; Suspension of Losses on Certain Stock Dispositions; Correction
Table of Contents
This document contains corrections to final regulations (T.D. 9254, 2006-13 I.R.B. 662) that were published in the Federal Register on Tuesday, March 14, 2006 (71 FR 13008). The regulations apply when a member of a consolidated group transfers subsidiary stock at a loss. They also apply when a member holds loss shares of subsidiary stock and the subsidiary ceases to be a member of the group.
Theresa Abell (202) 622-7700 or Martin Huck (202) 622-7750 (not toll-free numbers).
The final regulations (T.D. 9254) that are the subject of this correction are under section 1502 of the Internal Revenue Code.
As published, final regulations (T.D. 9254) contains an error that may prove to be misleading and is in need of clarification.
Accordingly, the final regulations (T.D. 9254) which was the subject of FR Doc. 06-2411, is corrected as follows:
On page 13009, column 2, in the preamble, under the paragraph heading “Special Analyses”, line 4 from the bottom of the paragraph, the language “these regulations was submitted to the” is corrected to read “these regulations were submitted to the”.
Guy R. Traynor,
Chief,
Publications and
Regulations Branch,
Legal Processing
Division,
Associate Chief Counsel
(Procedure
and Administration).
Note
(Filed by the Office of the Federal Register on June 7, 2006, 8:45 a.m., and published in the issue of the Federal Register for June 8, 2006, 71 F.R. 33239)
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