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Modification to Consolidated Return Regulation Permitting an Election To Treat a Liquidation of a Target, Followed by a Recontribution to a New Target, as a Cross-Chain Reorganization; Correction

---
identifier: "/us/fr/E9-23645"
source: "fr"
legal_status: "authoritative_unofficial"
title: "Modification to Consolidated Return Regulation Permitting an Election To Treat a Liquidation of a Target, Followed by a Recontribution to a New Target, as a Cross-Chain Reorganization; Correction"
title_number: 0
title_name: "Federal Register"
section_number: "E9-23645"
section_name: "Modification to Consolidated Return Regulation Permitting an Election To Treat a Liquidation of a Target, Followed by a Recontribution to a New Target, as a Cross-Chain Reorganization; Correction"
positive_law: false
currency: "2009-10-01"
last_updated: "2009-10-01"
format_version: "1.1.0"
generator: "[email protected]"
agency: "Treasury Department"
document_number: "E9-23645"
document_type: "proposed_rule"
publication_date: "2009-10-01"
agencies:
  - "Treasury Department"
  - "Internal Revenue Service"
cfr_references:
  - "26 CFR Part 1"
rin: "1545-BI31"
fr_citation: "74 FR 50758"
fr_volume: 74
docket_ids:
  - "REG-139068-08"
fr_action: "Correction to a notice of proposed rulemaking by cross- reference to temporary regulations."
---

#  [Corrected]

**AGENCY:**

Internal Revenue Service (IRS), Treasury.

**ACTION:**

Correction to a notice of proposed rulemaking by cross-reference to temporary regulations.

**SUMMARY:**

This document contains corrections to a notice of proposed rulemaking by cross-reference to temporary regulations (REG-139068-08) that were published in the *Federal Register* on Friday, September 4, 2009 (74 FR 45789) modifying the election under which a consolidated group can avoid immediately taking into account  an intercompany item after the liquidation of a target corporation. This modification was made necessary in light of the regulations under section 368 that were issued in October 2007 addressing transfers of assets or stock following a reorganization.

**FOR FURTHER INFORMATION CONTACT:**

Mary W. Lyons, (202) 622-7930 (not a toll-free number).

**SUPPLEMENTARY INFORMATION:**

**Background**

A notice of proposed rulemaking by cross-reference to temporary regulations that is the subject of this document is under section 1502 of the Internal Revenue Code.

**Need for Correction**

As published, a notice of proposed rulemaking by cross-reference to temporary regulations (REG-139068-08) contains errors that may prove to be misleading and are in need of clarification.

**Correction of Publication**

Accordingly, the publication of a notice of proposed rulemaking by cross-reference to temporary regulations (REG-139068-08), which was the subject of FR Doc. E9-21323, is corrected as follows:

§ 1.1502-13

1. On page 45791, column 1, paragraph (f)(5)(ii)(B)( *1* ), lines 2 and 3, the language “amendments to § 1.1502-13(B)( *1* ) is the same as the text of § 1.1502-13T(B)( *1* )” is corrected to read “amendments to § 1.1502-13(f)(5)(ii)(B)( *1* ) is the same as the text of § 1.1502-13T(f)(5)(ii)(B)( *1* )”.

2. On page 45791, column 1, paragraph (f)(5)(ii)(B)( *2* ), lines 2 and 3, the language “amendments to § 1.1502-13(B)( *2* ) is the same as the text of § 1.1502-13T(B)( *2* )” is corrected to read “amendments to § 1.1502-13(f)(5)(ii)(B)( *2* ) is the same as the text of § 1.1502-13T(f)(5)(ii)(B)( *2* )”.

3. On page 45791, column 1, paragraph (f)(5)(ii)(F), lines 2 and 3, the language “amendments to § 1.1502-13(F) is the same as the text of § 1.1502-13T(F)” is corrected to read “amendments to § 1.1502-13(f)(5)(ii)(F) is the same as the text of § 1.1502-13T(f)(5)(ii)(F)”.

LaNita Van Dyke,

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