| Announcement 2006-15 |
March 13, 2006 |
Guidance Under Section 1502;
Application of Section 108 to Members
of a Consolidated Group; Correction
Internal Revenue Service (IRS), Treasury.
Correction to final regulations.
This document corrects final regulations, (T.D. 9192, 2005-15 I.R.B.
866) that were published in the Federal Register on Tuesday, March 22, 2005
(70 FR 14395), that govern the application of section 108 when a member of
a consolidated group realizes discharge of indebtedness income.
This correction is effective on March 22, 2005.
FOR FURTHER INFORMATION CONTACT:
Amber Cook, (202) 622-7530 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
The final regulations, temporary regulations, and removal of temporary
regulations (T.D. 9192) that is the subject of this correction is under section
1502 of the Internal Revenue Code.
As published, T.D. 9192 contains an error that may prove to be misleading
and is in need of clarification.
Correction of Publication
Accordingly, the publication of the final regulations, temporary regulations,
and removal of temporary regulations (T.D. 9192) that were the subject of
FR Doc. 05-5528, are corrected as follows:
1. The authority citation for 26 CFR part 1 continues to read as follows:
Authority: 26 U.S.C. 7805, unless otherwise noted. Section 1.1502-11
also issued under 26 U.S.C. 1502.
Sec. 1.1502-11 [Corrected]
2. In Sec. 1.1502-11, paragraph (c)(5), Example 3, (ii)(E), remove
the words “take into account its $80 of excluded COD.” and add
in their place the words “take into account its $80 of excluded COD
income.”.
Cynthia E. Grigsby,
Acting
Chief, Publications and Regulations Branch,
Legal Processing
Division,
Associate Chief Counsel,
(Procedure
and Administration).
Note
(Filed by the Office of the Federal Register on April 15, 2005, 8:45
a.m., and published in the issue of the Federal Register for April 18, 2005,
70 F.R. 20049)
Internal Revenue Bulletin 2006-11
SEARCH:
You can either: Search all IRS Bulletin Documents issued since January 1996, or Search the entire site. For a more focused search, put your search word(s) in quotes.
2006 Document Types | 2006 Weekly IRBs
IRS Bulletins Main | Home
|
