80_FR_23317 80 FR 23237 - Regulations Revising Rules Regarding Agency for a Consolidated Group; Correction

80 FR 23237 - Regulations Revising Rules Regarding Agency for a Consolidated Group; Correction

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 80, Issue 80 (April 27, 2015)

Page Range23237-23238
FR Document2015-09711

This document contains corrections to final regulations (TD 9715) that were published in the Federal Register on April 1, 2015 (80 FR 17314). The final regulations are regarding the agent for an affiliated group of corporations that files a consolidated return (consolidated group).

Federal Register, Volume 80 Issue 80 (Monday, April 27, 2015) 
[Federal Register Volume 80, Number 80 (Monday, April 27, 2015)]
[Rules and Regulations]
[Pages 23237-23238]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-09711]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9715]
RIN 1545-BH31


Regulations Revising Rules Regarding Agency for a Consolidated 
Group; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting amendment.

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SUMMARY: This document contains corrections to final regulations (TD 
9715) that were published in the Federal Register on April 1, 2015 (80 
FR 17314). The final regulations are regarding the agent for an 
affiliated group of corporations that files a consolidated return 
(consolidated group).

DATES: This correction is effective on April 27, 2015 and applicable 
April 1, 2015.

FOR FURTHER INFORMATION CONTACT: Gerald Fleming at (202) 317-6975 or 
Richard M. Heinecke at (202) 317-6065 (not a toll free number).

SUPPLEMENTARY INFORMATION: 

Background

    The final regulations (TD 9715) that are the subject of this 
correction is under section 1502 of the Internal Revenue Code.

Need for Correction

    As published, the final regulations (TD 9715) contain 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

0
Paragraph 1. The authority citation for part 1 continues to read in 
part as follows:

    Authority:  26 U.S.C. 7805 * * *


0
Par. 2. Section 1.1502-77 is amended by revising the second sentence of 
paragraph (c)(1) and the first sentence of paragraph (g) to read as 
follows:


Sec.  1.1502-77  Agent for the group.

* * * * *
    (c) * * * (1) * * * Except as specifically provided otherwise in 
this paragraph (c), any entity that is an agent pursuant to paragraph 
(c)(3) of this section (agent following group structure change), 
paragraph (c)(5) of this section (agent designated by agent terminating 
without default successor), paragraph (c)(6) of this section (agent 
designated by Commissioner), or paragraph (c)(7) of this section (agent 
designated by resigning agent), or any entity subsequently serving as 
agent following such agent, acts as an agent for and under the same 
terms and conditions that apply to a common parent. * * *
* * * * *
    (g) Examples. Unless otherwise indicated, all entities are domestic 
and have a calendar year taxable year, and each of P, S, S-1, S-2, S-3, 
T, U, V, W,

[[Page 23238]]

W-1, Y, Z, and Z-1 is a corporation. * * *
* * * * *

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2015-09711 Filed 4-24-15; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 80, No. 80 / Monday, April 27, 2015 / Rules and Regulations 23237 (2) Service information identified in this under common control (controlled regarding the agent for an affiliated AD that is not incorporated by reference is groups). group of corporations that files a available at the addresses specified in consolidated return (consolidated paragraphs (u)(3) and (u)(4) of this AD. DATES: This correction is effective April 27, 2015 and applicable April 3, 2015. group). (u) Material Incorporated by Reference DATES: This correction is effective on FOR FURTHER INFORMATION CONTACT: (1) The Director of the Federal Register April 27, 2015 and applicable April 1, approved the incorporation by reference James Holmes at (202) 317–4137 (not a toll-free number). 2015. (IBR) of the service information listed in this paragraph under 5 U.S.C. 552(a) and 1 CFR SUPPLEMENTARY INFORMATION: FOR FURTHER INFORMATION CONTACT: part 51. Gerald Fleming at (202) 317–6975 or (2) You must use this service information Background Richard M. Heinecke at (202) 317–6065 as applicable to do the actions required by The final regulations (TD 9717) that (not a toll free number). this AD, unless this AD specifies otherwise. are the subject of this correction is SUPPLEMENTARY INFORMATION: (i) Airbus Alert Operators Transmission under section 41 of the Internal Revenue Background A57N006–14, Revision 01, dated February 16, 2015. Code. (ii) Reserved. The final regulations (TD 9715) that Need for Correction are the subject of this correction is (3) For service information identified in this AD, contact Airbus, Airworthiness As published, the final regulation (TD under section 1502 of the Internal Office—EIAS, 1 Rond Point Maurice 9717) contains errors that may prove to Revenue Code. Bellonte, 31707 Blagnac Cedex, France; be misleading and are in need of telephone +33 5 61 93 36 96; fax +33 5 61 Need for Correction clarification. 93 44 51; email account.airworth-eas@ As published, the final regulations airbus.com; Internet http://www.airbus.com. Correction of Publication (TD 9715) contain errors that may prove (4) You may view this service information to be misleading and are in need of at the FAA, Transport Airplane Directorate, Accordingly, the final regulation (TD 9717), that are the subject of FR Doc. clarification. 1601 Lind Avenue SW., Renton, WA. For information on the availability of this 2015–07331, are corrected as follows: List of Subjects in 26 CFR Part 1 material at the FAA, call 425–227–1221. 1. On page 18096, in the preamble, (5) You may view this service information under paragraph heading Income taxes, Reporting and that is incorporated by reference at the ‘‘Background,’’ the last line, ‘‘Act’’ is recordkeeping requirements. National Archives and Records corrected to read ‘‘American Taxpayer Correction of Publication Administration (NARA). For information on Relief Act of 2012, PL 112–240, H. R. 8 the availability of this material at NARA, call (the ‘‘Act’’). Accordingly, 26 CFR part 1 is 202–741–6030, or go to: http:// 2. On page 18097, in the third corrected by making the following www.archives.gov/federal-register/cfr/ibr- correcting amendments: locations.html. column, under the paragraph heading ‘‘Explanation of Provisions’’, the first PART 1—INCOME TAXES Issued in Renton, Washington, on April 14, full paragraph, fourth line of the 2015. paragraph, ‘‘credit determined under ■ Paragraph 1. The authority citation Michael Kaszycki, 41(a) for a’’ is corrected to read ‘‘credit for part 1 continues to read in part as Acting Manager, Transport Airplane determined under section 41(a) for a’’. follows: Directorate, Aircraft Certification Service. [FR Doc. 2015–09465 Filed 4–24–15; 8:45 am] Martin V. Franks, Authority: 26 U.S.C. 7805 * * * BILLING CODE 4910–13–P Chief, Publications and Regulations Branch, ■ Par. 2. Section 1.1502–77 is amended Legal Processing Division, Associate Chief by revising the second sentence of Counsel, (Procedure and Administration). paragraph (c)(1) and the first sentence of [FR Doc. 2015–09604 Filed 4–24–15; 8:45 am] paragraph (g) to read as follows: DEPARTMENT OF THE TREASURY BILLING CODE 4830–01–P Internal Revenue Service § 1.1502–77 Agent for the group. * * * * * 26 CFR Part 1 DEPARTMENT OF THE TREASURY (c) * * * (1) * * * Except as specifically provided otherwise in this [TD 9717] Internal Revenue Service paragraph (c), any entity that is an agent RIN 1545–BL77 pursuant to paragraph (c)(3) of this 26 CFR Part 1 section (agent following group structure Allocation of Controlled Group [TD 9715] change), paragraph (c)(5) of this section Research Credit; Correction (agent designated by agent terminating RIN 1545–BH31 without default successor), paragraph AGENCY: Internal Revenue Service (IRS), Treasury. (c)(6) of this section (agent designated Regulations Revising Rules Regarding by Commissioner), or paragraph (c)(7) of ACTION: Final and temporary Agency for a Consolidated Group; this section (agent designated by regulations; correction. Correction resigning agent), or any entity SUMMARY: This document contains AGENCY: Internal Revenue Service (IRS), subsequently serving as agent following corrections to final regulations (TD Treasury. such agent, acts as an agent for and Rmajette on DSK2VPTVN1PROD with RULES 9717) that were published in the ACTION: Correcting amendment. under the same terms and conditions Federal Register on Friday, April 3, that apply to a common parent. * * * 2015 (80 FR 18096). The final SUMMARY: This document contains * * * * * regulations are relating to the allocation corrections to final regulations (TD (g) Examples. Unless otherwise of the credit for increasing research 9715) that were published in the indicated, all entities are domestic and activities (research credit) to Federal Register on April 1, 2015 (80 FR have a calendar year taxable year, and corporations and trades or businesses 17314). The final regulations are each of P, S, S–1, S–2, S–3, T, U, V, W, VerDate Sep<11>2014 14:38 Apr 24, 2015 Jkt 235001 PO 00000 Frm 00009 Fmt 4700 Sfmt 4700 E:\FR\FM\27APR1.SGM 27APR1

23238 Federal Register / Vol. 80, No. 80 / Monday, April 27, 2015 / Rules and Regulations W–1, Y, Z, and Z–1 is a corporation. PART 1—INCOME TAXES Background * * * The final regulations (TD 9715) that * * * * * ■ Paragraph 1. The authority citation are the subject of this correction are for part 1 continues to read in part as under section 1502 of the Internal Martin V. Franks, follows: Revenue Code. Chief, Publications and Regulations Branch, Authority: 26 U.S.C. 7805 * * * Legal Processing Division, Associate Chief Need for Correction Counsel (Procedure and Administration). ■ Par. 2 Section 1.45G–1 is amended by As published, the final regulations [FR Doc. 2015–09711 Filed 4–24–15; 8:45 am] revising paragraphs (f)(5) and (g)(4) and (TD 9715) contain an error that may BILLING CODE 4830–01–P (5) to read as follows: prove to be misleading and is in need § 1.45G–1 Railroad track maintenance of clarification. DEPARTMENT OF THE TREASURY credit. Correction of Publication * * * * * Accordingly, the final regulations (TD Internal Revenue Service (f) * * * 9715), that are the subject of FR Doc. (5) [Reserved]. For further guidance, 2015–07182, are corrected as follows: 26 CFR Part 1 see § 1.45G–1T(f)(5). 1. On page 17316, in the preamble, * * * * * the second column, under the paragraph [TD 9717] (g) * * * heading ‘‘A. Designation on (4) Taxable years beginning after Commissioner’s Own Accord’’, the RIN 1545–BL77 December 31, 2011. [Reserved]. For eighth line from the bottom of the further guidance, see § 1.45G–1T(g)(4). paragraph, the language ‘‘where the Allocation of Controlled Group (5) Taxable years beginning before agent either fails timely’’ is corrected to Research Credit; Correction January 1, 2012. [Reserved]. For further read ‘‘where the agent either fails to guidance, see § 1.45G–1T(g)(4). timely’’. AGENCY: Internal Revenue Service (IRS), Treasury. Martin V. Franks, Martin V. Franks, Chief, Publications and Regulations Branch, Chief, Publications and Regulations Branch, ACTION: Correcting amendment. Legal Processing Division, Associate Chief Legal Processing Division, Associate Chief Counsel, (Procedure and Administration). Counsel, (Procedure and Administration). SUMMARY: This document contains [FR Doc. 2015–09603 Filed 4–24–15; 8:45 am] [FR Doc. 2015–09712 Filed 4–24–15; 8:45 am] corrections to final regulations (TD BILLING CODE 4830–01–P 9717) that were published in the BILLING CODE 4830–01–P Federal Register on Friday, April 3, 2015 (80 FR 18096). The final DEPARTMENT OF THE TREASURY regulations are relating to the allocation DEPARTMENT OF HOMELAND of the credit for increasing research Internal Revenue Service SECURITY activities (research credit) to corporations and trades or businesses Coast Guard 26 CFR Parts 1 and 602 under common control (controlled groups). 33 CFR Part 117 [TD 9715] [Docket No. USCG–2015–0249] DATES: This correction is effective April 27, 2015 and applicable April 3, 2015. RIN 1545–BH31 Drawbridge Operation Regulation; FOR FURTHER INFORMATION CONTACT: Regulations Revising Rules Regarding Lake Washington Ship Canal, Seattle, James Holmes at (202) 317–4137 (not a Agency for a Consolidated Group; WA toll-free number). Correction AGENCY: Coast Guard, DHS. SUPPLEMENTARY INFORMATION: ACTION:Notice of deviation from AGENCY: Internal Revenue Service (IRS), Background Treasury. drawbridge regulation. ACTION: Final regulations; correction. SUMMARY: The Coast Guard has issued a The final regulations (TD 9717) that are the subject of this correction is temporary deviation from the operating SUMMARY: This document contains under section 41 of the Internal Revenue schedule that governs the Washington corrections to final regulations (TD Code. State Department of Transportation 9715) that were published in the Montlake Bridge across the Lake Need for Correction Federal Register on April 1, 2015 (80 FR Washington Ship Canal, mile 5.2, at 17314). The final regulations are As published, the final regulations Seattle, WA. The deviation is necessary regarding the agent for an affiliated (TD 9717) contain errors that may prove to facilitate the safe and rapid group of corporations that files a to be misleading and are in need of movement of University of Washington consolidated return (consolidated clarification. Husky football game spectators. This group). deviation allows the bridge to remain in List of Subjects in 26 CFR Part 1 DATES: This correction is effective on the closed-to-navigation position. April 27, 2015 and applicable beginning Rmajette on DSK2VPTVN1PROD with RULES Income taxes, Reporting and DATES: This deviation is effective from recordkeeping requirements. April 1, 2015. 10 a.m. to 3 p.m. on April 25, 2015. FOR FURTHER INFORMATION CONTACT: ADDRESSES: The docket for this Correction of Publication Gerald Fleming at (202) 317–6975 or deviation, [USCG–2015–0249] is Accordingly, 26 CFR part 1 is Richard M. Heinecke at (202) 317–6065 available at http://www.regulations.gov. corrected by making the following (not a toll free number). Type the docket number in the correcting amendments: SUPPLEMENTARY INFORMATION: ‘‘SEARCH’’ box and click ‘‘SEARCH.’’ VerDate Sep<11>2014 14:38 Apr 24, 2015 Jkt 235001 PO 00000 Frm 00010 Fmt 4700 Sfmt 4700 E:\FR\FM\27APR1.SGM 27APR1


Document Created: 2015-12-16 08:30:03
Document Modified: 2015-12-16 08:30:03
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionRules and Regulations
ActionCorrecting amendment.
DatesThis correction is effective on April 27, 2015 and applicable April 1, 2015.
ContactGerald Fleming at (202) 317-6975 or Richard M. Heinecke at (202) 317-6065 (not a toll free number).
FR Citation80 FR 23237 
RIN Number1545-BH31
CFR AssociatedIncome Taxes and Reporting and Recordkeeping Requirements
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