80_FR_76440 80 FR 76205 - Reorganizations Under Section 368(a)(1)(F); Section 367(a) and Certain Reorganizations Under Section 368(a)(1)(F); Correction

80 FR 76205 - Reorganizations Under Section 368(a)(1)(F); Section 367(a) and Certain Reorganizations Under Section 368(a)(1)(F); Correction

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 80, Issue 235 (December 8, 2015)

Page Range76205-76206
FR Document2015-30869

This document contains corrections to final regulations (TD 9739) that provide guidance regarding the qualification of a transaction as a corporate reorganization under section 368(a)(1)(F), and which were published in the Federal Register on Monday, September 21, 2015 (80 FR 56904).

Federal Register, Volume 80 Issue 235 (Tuesday, December 8, 2015) 
[Federal Register Volume 80, Number 235 (Tuesday, December 8, 2015)]
[Rules and Regulations]
[Pages 76205-76206]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-30869]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9739]
RIN 1545-BF51; 1545-BM78


Reorganizations Under Section 368(a)(1)(F); Section 367(a) and 
Certain Reorganizations Under Section 368(a)(1)(F); Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting amendment.

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SUMMARY: This document contains corrections to final regulations (TD 
9739) that provide guidance regarding the qualification of a 
transaction as a corporate reorganization under section 368(a)(1)(F), 
and which were published in the Federal Register on Monday, September 
21, 2015 (80 FR 56904).

DATES: This correction is effective December 8, 2015 and applicable 
September 21, 2015.

FOR FURTHER INFORMATION CONTACT: Douglas C. Bates at (202) 317-6065 
(not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations (TD 9739) that are the subject of this 
correction are under section 367 and 368 of the Internal Revenue Code.

Need for Correction

    As published, the final regulation (TD 9739) 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 amended 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 1.368-2 is amended by revising the last sentence of 
paragraph (m)(4) Example 5. and revising the third sentence of Example 
7. to read as follows:


Sec.  1.368-2  Definition of terms.

* * * * *
    (m) * * *
    (4) * * *
    Example 5. * * * The result would be the same with respect to 
qualification under section 368(a)(1)(F) if, instead of merging into 
S2, S1 completely liquidates or is deemed to liquidate by reason of 
a conversion in an entity disregarded as separate from its owner 
under Sec.  301.7701-3 of this chapter.
* * * * *

[[Page 76206]]

    Example 7. * * * Each of T, P, and S is a State A corporation 
engaged in a manufacturing business.
* * * * *

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2015-30869 Filed 12-7-15; 8:45 am]
BILLING CODE 4830-01-P

Federal Register / Vol. 80, No. 235 / Tuesday, December 8, 2015 / Rules and Regulations 76205 APPENDIX TO AD 2015–24–05—MODELS AFFECTED/MODEL SERIAL NUMBERS/APPLICABLE TEXT FOR SUPPLEMENTAL PAGE TO PILOT’S OPERATING HANDBOOK (POH)/AIRPLANE FLIGHT MANUAL (AFM)—Continued Placard text for limitations section Models affected Model serial No. of the POH/AFM PA–23–250 (six place) Aztec ‘‘C’’ PA–E23–250 27–2505 through 27–3836, 27–3838 through WARNING—UNCOORDINATED MANEU- (six place) Aztec ‘‘C’’. 27–3943. VERS, INCLUDING SIDE SLIPS OF 30 SECONDS OR MORE, FOR ANY REA- SON, AND FAST TAXI TURNS JUST PRIOR TO TAKEOFF CAN CAUSE LOSS OF POWER IF FUEL TANKS IN USE ARE LESS THAN 1⁄2 FULL. PA–23–250 (six place) Aztec ‘‘D’’ PA–E23–250 27–3837, 27–3944 through 27–4425, 27– WARNING—UNCOORDINATED MANEU- (six place) Aztec ‘‘D’’. 4427 through 27–4573. VERS, INCLUDING SIDE SLIPS OF 30 SECONDS OR MORE, FOR ANY REA- SON, AND FAST TAXI TURNS JUST PRIOR TO TAKEOFF CAN CAUSE LOSS OF POWER IF FUEL TANKS IN USE ARE LESS THAN 1⁄2 FULL. PA–23–250 (six place) Aztec ‘‘E’’ PA–E23–250 27–4426, 27–4574 through 27–7405476 ........ WARNING—UNCOORDINATED MANEU- (six place) Aztec ‘‘E’’. VERS, INCLUDING SIDE SLIPS OF 30 SECONDS OR MORE, FOR ANY REA- SON, AND FAST TAXI TURNS JUST PRIOR TO TAKEOFF CAN CAUSE LOSS OF POWER IF FUEL TANKS IN USE ARE LESS THAN 1⁄2 FULL. PA–30 Twin Comanche ..................................... 30–1 through 30–2000 ..................................... WARNING—UNCOORDINATED MANEU- VERS, INCLUDING SIDE SLIPS OF 30 SECONDS OR MORE, FOR ANY REA- SON, AND FAST TAXI TURNS JUST PRIOR TO TAKEOFF CAN CAUSE LOSS OF POWER IF FUEL TANKS IN USE ARE LESS THAN 1⁄4 FULL. PA–39 Twin Comanche ..................................... 39–1 through 39–155 ....................................... WARNING—UNCOORDINATED MANEU- VERS, INCLUDING SIDE SLIPS OF 30 SECONDS OR MORE, FOR ANY REA- SON, AND FAST TAXI TURNS JUST PRIOR TO TAKEOFF CAN CAUSE LOSS OF POWER IF FUEL TANKS IN USE ARE LESS THAN 1⁄4 FULL. Issued in Kansas City, Missouri, on 9739) that provide guidance regarding Correction of Publication November 24, 2015. the qualification of a transaction as a Accordingly, 26 CFR part 1 is Pat Mullen, corporate reorganization under section amended by making the following Acting Manager, Small Airplane Directorate, 368(a)(1)(F), and which were published correcting amendments: Aircraft Certification Service. in the Federal Register on Monday, [FR Doc. 2015–30633 Filed 12–7–15; 8:45 am] September 21, 2015 (80 FR 56904). PART 1—INCOME TAXES BILLING CODE 4910–13–P DATES: This correction is effective December 8, 2015 and applicable ■ Paragraph 1. The authority citation September 21, 2015. for part 1 continues to read in part as FOR FURTHER INFORMATION CONTACT: follows: DEPARTMENT OF THE TREASURY Douglas C. Bates at (202) 317–6065 (not Authority: 26 U.S.C. 7805 * * * Internal Revenue Service a toll-free number). ■ Par. 2. Section 1.368–2 is amended by SUPPLEMENTARY INFORMATION: revising the last sentence of paragraph 26 CFR Part 1 (m)(4) Example 5. and revising the third Background [TD 9739] sentence of Example 7. to read as The final regulations (TD 9739) that follows: RIN 1545–BF51; 1545–BM78 are the subject of this correction are under section 367 and 368 of the § 1.368–2 Definition of terms. Reorganizations Under Section Internal Revenue Code. * * * * * 368(a)(1)(F); Section 367(a) and Certain Need for Correction (m) * * * Reorganizations Under Section (4) * * * 368(a)(1)(F); Correction As published, the final regulation (TD Example 5. * * * The result would be the 9739) contains errors that may prove to same with respect to qualification under Lhorne on DSK9F6TC42PROD with RULES AGENCY: Internal Revenue Service (IRS), be misleading and are in need of section 368(a)(1)(F) if, instead of merging into Treasury. clarification. S2, S1 completely liquidates or is deemed to ACTION: Correcting amendment. liquidate by reason of a conversion in an List of Subjects in 26 CFR Part 1 entity disregarded as separate from its owner SUMMARY: This document contains Income taxes, Reporting and under § 301.7701–3 of this chapter. corrections to final regulations (TD recordkeeping requirements. * * * * * VerDate Sep<11>2014 14:14 Dec 07, 2015 Jkt 238001 PO 00000 Frm 00005 Fmt 4700 Sfmt 4700 E:\FR\FM\08DER1.SGM 08DER1

76206 Federal Register / Vol. 80, No. 235 / Tuesday, December 8, 2015 / Rules and Regulations Example 7. * * * Each of T, P, and S is DEPARTMENT OF HOMELAND other Federal, State, or local law a State A corporation engaged in a SECURITY enforcement agencies in enforcing this manufacturing business. regulation. * * * * * Coast Guard This document is issued under authority of 33 CFR 100.701 and 5 Martin V. Franks, 33 CFR Part 100 U.S.C. 552 (a). Chief, Publications and Regulations Branch, The Coast Guard will provide notice [Docket No. USCG–2015–0783] Legal Processing Division, Associate Chief of the regulated areas by Local Notice to Counsel (Procedure and Administration). Special Local Regulations; Recurring Mariners, Broadcast Notice to Mariners, [FR Doc. 2015–30869 Filed 12–7–15; 8:45 am] Marine Events in the Seventh Coast and on-scene designated BILLING CODE 4830–01–P Guard District representatives. Dated: November 10, 2015. AGENCY: Coast Guard, DHS. G.L. Tomasulo, ACTION: Notice of enforcement. Captain, U.S. Coast Guard, Captain of the DEPARTMENT OF DEFENSE SUMMARY: The Coast Guard will enforce Port Charleston. the regulation pertaining to the [FR Doc. 2015–30908 Filed 12–7–15; 8:45 am] Office of the Secretary Charleston Parade of Boats from 4:00 BILLING CODE 9110–04–P p.m. through 8:00 p.m. on December 12, 32 CFR Part 88 2015. This action is necessary to ensure safety of life on navigable waters of the DEPARTMENT OF HOMELAND [Docket ID: DOD–2013–OS–0236] United States during the Charleston SECURITY Parade of Boats. During the enforcement Coast Guard RIN 0790–AJ17 period, the special local regulation establishes a regulated area which will Transition Assistance Program (TAP) 33 CFR Part 165 prohibit all people and vessels from for Military Personnel; Correction entering. Vessels may enter, transit [Docket Number USCG–2014–1044] through, anchor in, or remain within the RIN 1625–AA00 AGENCY: Under Secretary of Defense for area if authorized by the Captain of the Personnel and Readiness, DoD. Port Charleston or a designated Safety Zone; Shore (Belt) Parkway ACTION: Interim final rule; correction. representative. Bridge Construction, Mill Basin; DATES: The Charleston Parade of Boats Brooklyn, NY SUMMARY: On Monday, November 30, regulation in 33 CFR 100.701 will be AGENCY: Coast Guard, DHS. 2015 (80 FR 74678–74694), the enforced from 4:00 p.m. through 8:00 ACTION: Final rule. Department of Defense published an p.m. December 12, 2015. interim final rule titled Transition FOR FURTHER INFORMATION CONTACT: If SUMMARY: The Coast Guard is Assistance Program (TAP) for Military you have questions on this rule, call or establishing a safety zone on the Personnel. Subsequent to the email LT John Downing, Sector navigable waters of Mill Basin publication of the interim final rule, the Charleston Office of Waterways surrounding the Shore (Belt) Parkway Department of Defense discovered that Management, Coast Guard; telephone Bridge. This rule allows the Coast Guard 843–740–3184, email John.Z.Downing@ to prohibit all vessel traffic through the the phone number in the FOR FURTHER uscg.mil. safety zone during bridge replacement INFORMATION CONTACT section was not SUPPLEMENTARY INFORMATION: The Coast operations, both planned and correct. unforeseen, that could pose an Guard will enforce the special local This correction is effective on DATES: regulation for the Charleston Parade of imminent hazard to persons and vessels December 8, 2015. Boats in 33 CFR 100.701 Table 1 from operating in the area. This rule is 4:00 p.m. through 8:00 p.m. on necessary to provide for the safety of life FOR FURTHER INFORMATION CONTACT: Ron in the vicinity of the construction of the December 12, 2015. Horne, 703–614–8631. new Shore (Belt) Parkway Bridge and Under the provisions of 33 CFR SUPPLEMENTARY INFORMATION: On page 100.701 no vessels or people may enter demolition of the old Shore (Belt) 74679, in the first column, the FOR the regulated area, unless it receives Parkway Bridge. FURTHER INFORMATION CONTACT section is permission to do so from the Captain of DATES: This rule is effective January 7, revised to correct the phone number to the Port. Only event sponsors, 2016. read as set forth above. designated participants, and official ADDRESSES: To view documents patrol vessels are allowed to enter the mentioned in this preamble as being Dated: December 2, 2015. available in the docket, go to http:// regulated area. This rule creates a Aaron Siegel, regulated area that will encompass a www.regulations.gov, type USCG–2014– Alternate OSD Federal Register Liaison portion of the waterways during the 1044 in the ‘‘SEARCH’’ box and click Officer, Department of Defense. parade transit from Charleston Harbor ‘‘SEARCH.’’ Click on Open Docket [FR Doc. 2015–30839 Filed 12–7–15; 8:45 am] Anchorage A through Bennis Reach, Folder on the line associated with this BILLING CODE 5001–06–P Horse Reach, Hog Island Reach, Town rule. Creek Lower Reach, Ashley River, and FOR FURTHER INFORMATION CONTACT: If Lhorne on DSK9F6TC42PROD with RULES finishing at City Marina. Spectator you have questions on this rule, call or vessels may transit outside the regulated email Mr. Jeff Yunker, Coast Guard area, but may not anchor, block, loiter Sector New York Waterways in, or impede the transit of parade Management Division, U.S. Coast Guard participants or official patrol vessels. 718–354–4195, email Jeff.M.Yunker@ The Coast Guard may be assisted by uscg.mil. VerDate Sep<11>2014 14:14 Dec 07, 2015 Jkt 238001 PO 00000 Frm 00006 Fmt 4700 Sfmt 4700 E:\FR\FM\08DER1.SGM 08DER1


Document Created: 2015-12-14 13:27:05
Document Modified: 2015-12-14 13:27:05
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 December 8, 2015 and applicable September 21, 2015.
ContactDouglas C. Bates at (202) 317-6065 (not a toll-free number).
FR Citation80 FR 76205 
RIN Number1545-BF51 and 1545-BM78
CFR AssociatedIncome Taxes and Reporting and Recordkeeping Requirements
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