Rules and Regulations. Correcting amendment
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/register/2004/05/06/04-10223·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
BILLING CODE 4160-01-S DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 [TD 9118] RIN 1545-BC84 Loss Limitation Rules; Correction AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Correcting amendment. SUMMARY: This document contains corrections to TD 9118, which was published in the **Federal Register** on Thursday, March 18, 2004 (69 FR 12799), relating to certain aspects of the temporary regulations addressing the deductibility of losses recognized on dispositions of subsidiary stock by members of a consolidated group and to the consequences of treating subsidiary stock as worthless.
DATES: This correction is effective on March 18, 2004. FOR FURTHER INFORMATION CONTACT: Mark Weiss
(202)622-7790 or Lola Johnson
(202)622-7550 (not a toll-free number). SUPPLEMENTARY INFORMATION: Background The temporary regulations (TD 9118) that are the subject of this correction are under 1502 of the Internal Revenue Code. Need for Correction As published, TD 9118 contains errors that may prove to be misleading and are 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 **Paragraph 1.** The authority citation for part 1 continues to read in part as follows: Authority: 26 U.S.C. 7805 * * * § 1.1502-35T [Corrected] **Par. 2.** Section 1.1502-35T(f)(1), the language “expired as of the day following the last” is removed and the language “expired as of the beginning of the day following the last” is added in its place. **Par. 3.** Section 1.1502-35T(f)(1), the language “shall be treated as expired as of the day” is removed and the language “shall be treated as expired as of the beginning of the day” is added in its place. LaNita Van Dyke, Acting Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedures and Administration). [FR Doc. 04-10223 Filed 5-5-04; 8:45 am]
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- 26 CFR 1
- T.D. 9118
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