# [Corrected]
**AGENCY:**
Internal Revenue Service (IRS), Treasury.
**ACTION:**
Correction to final regulations.
**SUMMARY:**
This document corrects final regulations, (TD 9192) 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.
**DATES:**
This correction is effective on March 22, 2005.
**FOR FURTHER INFORMATION CONTACT:**
Amber Cook, (202) 622-7530 (not a toll-free number).
**SUPPLEMENTARY INFORMATION:**
**Background**
The final regulations, temporary regulations, and removal of temporary regulations (TD 9192) that is the subject of this correction is under section 1502 of the Internal Revenue Code.
**Need for Correction**
As published, (TD 9192) contains an error that may prove to be misleading and is in need of clarification.
**Correction of Publication**
**26 CFR Part 1**
Accordingly, the publication of the final regulations, temporary regulations, and removal of temporary regulations (TD 9192) that were the subject of FR. Doc. 05-5528, are corrected as follows:
**PART 1—INCOME TAXES**
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.
§ 1.1502-11
**26 CFR Part 1**
2. In § 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, (Procedures and Administration).