[Federal Register Volume 77, Number 73 (Monday, April 16, 2012)]
[Rules and Regulations]
[Page 22480]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-8993]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9562]
RIN 1545-BH77
Conduit Financing Arrangements; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Correcting amendment.
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SUMMARY: This document contains a correction to final regulations (TD
9562) that were published in the Federal Register on Friday, December
9, 2011 (76 FR 76895) providing guidance on conduit financing
arrangements. The final regulations apply to multiple-party financing
arrangements that are effected through disregarded entities, and are
necessary in order to determine which of those arrangements should be
recharacterized as a conduit financing arrangement.
DATES: This correction is effective on April 16, 2012 and is applicable
on December 9, 2011.
FOR FURTHER INFORMATION CONTACT: Quyen P. Huynh, (202) 622-3880 (not a
toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The final regulation (TD 9562) that is the subject of this
correction is under section 881 of the Internal Revenue Code.
Need for Correction
As published, TD 9562 contains errors that may prove to be
misleading and is 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 * * *
Sec. 1.881-3 [Amended]
0
Par. 2. For each entry in the table in the ``Section'' column, remove
the language in the ``Remove'' column and add in its place the language
in the ``Add'' column as set forth below:
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Section Remove Add
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Last sentence of paragraph Examples 1, 2, 3...................... Examples 1, 2, 3 and 4.
(a)(2)(i)(A).
Last sentence of paragraph Examples 4 and 5...................... Examples 5 and 6.
(a)(2)(i)(B).
Last sentence of paragraph Example 6............................. Example 7.
(a)(3)(ii)(E)(2)(ii).
Last sentence of paragraph Examples 7 and 8...................... Examples 8 and 9.
(a)(4)(ii)(B).
Last sentence of paragraph (b)(1) Examples 11 and 12.................... Examples 12 and 13.
Last sentence of paragraph Examples 13, 14 and 15................ Examples 14, 15 and 16.
(b)(2)(i).
Last sentence of paragraph Example 16............................ Example 17.
(b)(2)(iii).
Last sentence of paragraph Example 17............................ Example 18.
(b)(2)(iv).
Last sentence of paragraph Examples 21, 22 and 23................ Examples 22, 23 and 24.
(b)(3)(i).
Last sentence of paragraph Example 24............................ Example 25.
(d)(1)(i).
Next to last sentence of Example 25............................ Example 26.
paragraph (d)(1)(ii)(A).
Paragraph (e), Example 21, Example 19............................ Example 20.
paragraph (i).
Paragraph (e), Example 21, Example 20............................ Example 21.
paragraph (ii).
Paragraph (e), Example 23, Example 21............................ Example 22.
paragraph (i).
Paragraph (e), Example 24, Example 21............................ Example 22.
paragraph (i).
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Treena V. Garrett,
Federal Register Liaison, Publications and Regulations Branch, Legal
Processing Division, Associate Chief Counsel, (Procedure and
Administration).
[FR Doc. 2012-8993 Filed 4-13-12; 8:45 am]
BILLING CODE 4830-01-P