Section 482; Methods To Determine Taxable Income in Connection With a Cost Sharing Arrangement; Correction

---
identifier: "/us/fr/2012-3353"
source: "fr"
legal_status: "authoritative_unofficial"
title: "Section 482; Methods To Determine Taxable Income in Connection With a Cost Sharing Arrangement; Correction"
title_number: 0
title_name: "Federal Register"
section_number: "2012-3353"
section_name: "Section 482; Methods To Determine Taxable Income in Connection With a Cost Sharing Arrangement; Correction"
positive_law: false
currency: "2012-02-14"
last_updated: "2012-02-14"
format_version: "1.1.0"
generator: "[email protected]"
agency: "Treasury Department"
document_number: "2012-3353"
document_type: "rule"
publication_date: "2012-02-14"
agencies:
  - "Treasury Department"
  - "Internal Revenue Service"
cfr_references:
  - "26 CFR Part 1"
rin: "1545-BI47"
fr_citation: "77 FR 8144"
fr_volume: 77
docket_ids:
  - "TD 9568"
effective_date: "2012-02-14"
fr_action: "Correction to notice of correcting amendments."
---


#  [Corrected].

**AGENCY:**

Internal Revenue Service (IRS).

**ACTION:**

Correction to notice of correcting amendments.

**SUMMARY:**

This document contains corrections to a correcting amendment (TD 9568), which was published in the *Federal Register* on Wednesday, January 25, 2012 (77 FR 3606) relating to section 482 and methods to determine taxable income in connection with a cost sharing arrangement.

**DATES:**

This correction is effective on February 14, 2012, and is applicable beginnning December 22, 2011.

**FOR FURTHER INFORMATION CONTACT:**

Joseph L. Tobin at (202) 435-5265 (not a toll-free number).

**SUPPLEMENTARY INFORMATION:**

**Background**

The final regulations that are the subject of these corrections are under section 482 of the Internal Revenue Code.

**Need for Correction**

As published, the correcting amendments to final regulations (TD 9568), contains errors which may prove to be misleading and are in need of clarification.

**Correction of Publication**

Accordingly, the publication of the correcting amendments to final regulations, (TD 9568), which were the subject of FR Doc. 2012-895, is corrected as follows:

1. On page 3606, second column, instructional paragraph 3., item 4. the language “4. Revising paragraph (k)(2)(ii)(3) is corrected to read “5. Revising paragraph (k)(2)(ii)(A)( *3* ).

2. On page 3606, second column, under the instructional paragraph 3., the language “4. Revising the fourth sentence of paragraph (g)(4)(viii), *Example 3.”* is added.

§ 1.482-7

3. On page 3606, third column, § 1.482-7(g)(2)(v)(C), *Example* (i), add three asterisks to the end of the paragraph and remove the five asterisks from below the paragraph.

4. On page 3606, third column, § 1.482-7(g)(2) after the five asterisks following paragraph (ii) the language “(3) * * *”, is corrected to read “(4) * * *”.

5. On page 3606, third column, § 1.482-7 (g)(4)(viii), the language “(viii) * * *” is corrected to read “(viii) *Examples.* * * *”

6. On page 3606, third column, § 1.482-7(k)(2) below the five asterisks following paragraph (viii), *Example 3* add “(A)* * *” below “(ii)* * *” and above “(3)” and underscore “( *3* )”.

Guy R. Traynor,

Federal Register Liaison, Legal Processing Division, Publication and Regulations Branch, Associate Chief Counsel (Procedure and Administration).