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Assumption of Partner Liabilities; Correction

---
identifier: "/us/fr/05-12757"
source: "fr"
legal_status: "authoritative_unofficial"
title: "Assumption of Partner Liabilities; Correction"
title_number: 0
title_name: "Federal Register"
section_number: "05-12757"
section_name: "Assumption of Partner Liabilities; Correction"
positive_law: false
currency: "2005-06-29"
last_updated: "2005-06-29"
format_version: "1.1.0"
generator: "[email protected]"
agency: "Treasury Department"
document_number: "05-12757"
document_type: "rule"
publication_date: "2005-06-29"
agencies:
  - "Treasury Department"
  - "Internal Revenue Service"
cfr_references:
  - "26 CFR Part 1"
rin: "1545-AX93"
fr_citation: "70 FR 37258"
fr_volume: 70
docket_ids:
  - "TD 9207"
effective_date: "2005-05-26"
fr_action: "Correction to final regulations."
---

#  Assumption of Partner Liabilities; Correction

**AGENCY:**

Internal Revenue Service (IRS), Treasury.

**ACTION:**

Correction to final regulations.

**SUMMARY:**

This document corrects final regulation (TD 9207) that were published in the *Federal Register* on Thursday, May 26, 2005 (70 FR 30334). The final regulation relates to the definition of liabilities under section 752 of the Internal Revenue Code.

**DATES:**

This correction is effective on May 26, 2005.

**FOR FURTHER INFORMATION CONTACT:**

Laura Fields (202) 622-3050 (not a toll-free number).

**SUPPLEMENTARY INFORMATION:**

**Background**

The final regulations (TD 9207) that is the subject of this correction are under sections 358, 704, 705, 737 and 752 of the Internal Revenue Code.

**Need for Correction**

As published, TD 9207 contains an error that may prove to be misleading and is in need of clarification.

**Correction of Publication**

Accordingly, the publication of the final regulations (TD 9207), that was the subject of FR Doc. 05-10266, is corrected as follows:

On page 30337, column 3, that paragraph heading *“4. Section 752-7 Liability”* , the language *“4. Section 752-7 Liability”* is corrected to read *“4. Section 1.752-7 Liability”* .

Cynthia Grigsby,

Acting Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration).