82 FR 8811 - Guidance Under Section 355(e) Regarding Predecessors, Successors, and Limitation on Gain Recognition; Guidance Under Section 355(f); Correction

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 19 (January 31, 2017)

This document contains corrections to temporary regulations (TD 9805) that published in the Federal Register on Monday, December 19, 2016 (81 FR 91738). The temporary regulations provide guidance regarding the distribution by a distributing corporation of stock or securities of a controlled corporation without the recognition of income, gain, or loss.

[Federal Register Volume 82, Number 19 (Tuesday, January 31, 2017)]
[Rules and Regulations]
[Pages 8811-8812]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-01055]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9805]
RIN 1545-BN18


Guidance Under Section 355(e) Regarding Predecessors, Successors, 
and Limitation on Gain Recognition; Guidance Under Section 355(f); 
Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Temporary regulations; correction.

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SUMMARY: This document contains corrections to temporary regulations 
(TD 9805) that published in the Federal Register on Monday, December 
19, 2016 (81 FR 91738). The temporary regulations provide guidance 
regarding the distribution by a distributing corporation of stock or 
securities of a

[[Page 8812]]

controlled corporation without the recognition of income, gain, or 
loss.

DATES: This correction is effective January 31, 2017 and applicable 
December 19, 2016.

FOR FURTHER INFORMATION CONTACT: Richard K. Passales at (202) 317-5024 
or Marie C. Milnes-Vasquez, (202) 317-7700 (not a toll-free number).

SUPPLEMENTARY INFORMATION: 

Background

    The final regulation (TD 9805) that is the subject of this 
correction is under section 355 of the Internal Revenue Code.

Need for Correction

    As published, the final regulation (TD 9805) contains errors that 
may prove to be misleading and are in need of clarification.

Correction of Publication

    Accordingly, the final regulation (TD 9805), that are the subject 
of FR Doc. 2016-30160, are corrected as follows:
    1. On page 91745, in the preamble, third column, the last line from 
the bottom of the last full paragraph, the language ``Controlled stock 
its distributes.'' is corrected to read ``Controlled stock it 
distributes''.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 2017-01055 Filed 1-30-17; 8:45 am]
 BILLING CODE 4830-01-P