[Federal Register Volume 78, Number 157 (Wednesday, August 14, 2013)]
[Rules and Regulations]
[Page 49367]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-19682]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Parts 1 and 602

[TD 9623]
RIN 1545-BI99


Application of Section 108(i) to Partnerships and S Corporations; 
Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Final regulations and removal of temporary regulations; 
correction.

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SUMMARY: This document contains corrections to final regulations and 
removal of temporary regulations (TD 9623) that were published in the 
Federal Register on Wednesday, July 3, 2013 (78 FR 39973). The final 
regulations are relating to the application of section 108(i) of the 
Internal Revenue Code to partnerships and S corporations and provides 
rules regarding the deferral of discharge of indebtedness income and 
original issue discount deductions by a partnership or an S corporation 
with respect to reacquisitions of applicable debt instruments after 
December 31, 2008, and before January 1, 2011.

DATES: This correction is effective on August 14, 2013 and applicable 
on or after July 2, 2013.

FOR FURTHER INFORMATION CONTACT: Joseph R. Worst, at (202) 622-3070 
(not a toll free number).

SUPPLEMENTARY INFORMATION: 

Background

    The final regulations and removal of temporary regulations (TD 
9623) that are the subject of this correction is under section 108(i) 
of the Internal Revenue Code.

Need for Correction

    As published, the final regulations and removal of temporary 
regulations (TD 9623) contains errors that may prove to be misleading 
and are in need of clarification.

Correction of Publication

    Accordingly, the final regulations and removal of temporary 
regulations (TD 9623), that are the subject of FR Doc. 2013-15585, are 
corrected as follows:
    On page 39974, column 3, in the preamble, under the paragraph 
heading ``1. Bankruptcy Issues'', in the first full paragraph, the 
language ``Title 11'' is corrected to read ``title 11'' wherever it 
appears.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2013-19682 Filed 8-13-13; 8:45 am]
BILLING CODE 4830-01-P