[Federal Register Volume 78, Number 204 (Tuesday, October 22, 2013)]
[Rules and Regulations]
[Page 62426]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-24537]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9630]
RIN 1545-BK71


Use of Differential Income Stream as an Application of the Income 
Method and as a Consideration in Assessing the Best Method; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting amendment.

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SUMMARY: This document contains corrections to final regulations and 
removal of temporary regulations (TD 9630) that were published in the 
Federal Register on Tuesday, August 27, 2013 (78 FR 52854). The final 
regulations implement the use of the differential income stream as a 
consideration in assessing the best method in connection with a cost 
sharing arrangement and as a specified application of the income 
method.

DATES: This correction is effective October 22, 2013, and is applicable 
beginning on or after December 19, 2011.

FOR FURTHER INFORMATION CONTACT: Mumal R. Hemrajani, at (202) 622-3800 
(not a toll free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations and removal of temporary regulations (TD 
9630) that are the subject of this correction are under section 482 of 
the Internal Revenue Code.

Need for Correction

    As published, the final regulations and removal of temporary 
regulations (TD 9630) contains an error 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 amendment:

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 * * *


0
Par. 2. Section 1.482-7 is amended by revising the last sentence of 
paragraph (g)(4)(vi)(F)(2) to read as follows:


Sec.  1.482-7  Methods to determine taxable income in connection with a 
cost sharing arrangement.

* * * * *
    (g) * * *
    (4) * * *
    (vi) * * *
    (F) * * *
    (2) * * * See Example 8 of paragraph (g)(4)(viii) of this section.
* * * * *

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2013-24537 Filed 10-21-13; 8:45 am]
BILLING CODE 4830-01-P