Section 482; Methods To Determine Taxable Income in Connection With a Cost Sharing Arrangement; Correction

Summary: ↑

This document contains corrections to a correcting amendment (TD 9568), which was published in the Federal Register on Wednesday, January 25, 2012 (77 FR 3606) relating to section 482 and methods to determine taxable income in connection with a cost sharing arrangement.

Background
Need for Correction
Correction of Publication

For further information contact: ↑

Joseph L. Tobin at (202) 435-5265 (not a toll-free number).

Supplementary information: ↑

Background ↑

The final regulations that are the subject of these corrections are under section 482 of the Internal Revenue Code.

Need for Correction ↑

As published, the correcting amendments to final regulations (TD 9568), contains errors which may prove to be misleading and are in need of clarification.

Correction of Publication ↑

Accordingly, the publication of the correcting amendments to final regulations, (TD 9568), which were the subject of FR Doc. 2012-895, is corrected as follows:

1. On page 3606, second column, instructional paragraph 3., item 4. the language “4. Revising paragraph (k)(2)(ii)(3) is corrected to read “5. Revising paragraph (k)(2)(ii)(A)(3).

2. On page 3606, second column, under the instructional paragraph 3., the language “4. Revising the fourth sentence of paragraph (g)(4)(viii), Example 3.” is added.

§ 1.482-7

3. On page 3606, third column, § 1.482-7(g)(2)(v)(C), Example(i), add three asterisks to the end of the paragraph and remove the five asterisks from below the paragraph.

4. On page 3606, third column, § 1.482-7(g)(2) after the five asterisks following paragraph (ii) the language “(3) * * *”, is corrected to read “(4) * * *”.

5. On page 3606, third column, § 1.482-7 (g)(4)(viii), the language “(viii) * * *” is corrected to read “(viii)Examples.* * *”

6. On page 3606, third column, § 1.482-7(k)(2) below the five asterisks following paragraph (viii), Example 3 add “(A)* * *” below “(ii)* * *” and above “(3)” and underscore “(3)”.

Guy R. Traynor,

Federal Register Liaison, Legal Processing Division, Publication and Regulations Branch, Associate Chief Counsel (Procedure and Administration).

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Details

Publication Date:: Tuesday, February 14, 2012
Document Number:: 2012-3353
Publishing Agency:: Department of the Treasury
Dates:: This correction is effective on February 14, 2012, and is applicable beginnning December 22, 2011.
Effective Date:: 02/14/2012
Action:: Correction To Notice Of Correcting Amendments.
Entry Type:: Rule
Other Formats:: html | text | pdf
Page:: 8144 (1 page)

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