# Information Reporting for Discharges of Indebtedness; Correction
**AGENCY:**
Internal Revenue Service (IRS), Treasury.
**ACTION:**
Correction to final and temporary regulations.
**SUMMARY:**
This document contains a correction to final and temporary regulations (TD 9430) that were published in the *Federal Register* on Monday, November 10, 2008 (73 FR 66539) relating to information returns for cancellation of indebtedness by certain entities. The temporary regulations will avoid premature information reporting from certain businesses that are currently required to report and will reduce the number of information returns required to be filed. The temporary regulations will impact certain lenders who are currently required to file information returns under the existing regulations.
**DATES:**
*Effective Date:* This correction is effective December 11, 2008, and is applicable on November 10, 2008.
**FOR FURTHER INFORMATION CONTACT:**
Barbara Pettoni, (202) 622-4910 (not a toll-free number).
**SUPPLEMENTARY INFORMATION:**
**Background**
The final and temporary regulations that are the subject of this document are under section 6050P of the Internal Revenue Code.
**Need for Correction**
As published, final and temporary regulations (TD 9430) contains an error that may prove to be misleading and is in need of clarification.
**Correction of Publication**
Accordingly, the publication of the final and temporary regulations (TD 9430), which was the subject of FR Doc. E8-26676, is corrected as follows:
On page 66540, column 1, in the preamble, under the paragraph heading “Reasons for Change”, first paragraph of the column, line 14, the language “Treasury Department and IRS is” is corrected to read “Treasury Department and IRS are”.
LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration).