# [Amended]
**AGENCY:**
Internal Revenue Service (IRS), Treasury.
**ACTION:**
Correcting amendment.
**SUMMARY:**
This document contains a correction to final regulations (TD 9562) that were published in the *Federal Register* on Friday, December 9, 2011 (76 FR 76895) providing guidance on conduit financing arrangements. The final regulations apply to multiple-party financing arrangements that are effected through disregarded entities, and are necessary in order to determine which of those arrangements should be recharacterized as a conduit financing arrangement.
**DATES:**
This correction is effective on April 16, 2012 and is applicable on December 9, 2011.
**FOR FURTHER INFORMATION CONTACT:**
Quyen P. Huynh, (202) 622-3880 (not a toll-free number).
**SUPPLEMENTARY INFORMATION:**
**Background**
The final regulation (TD 9562) that is the subject of this correction is under section 881 of the Internal Revenue Code.
**Need for Correction**
As published, TD 9562 contains errors that may prove to be misleading and is in need of clarification.
**List of Subjects in 26 CFR Part 1**
Income taxes, Reporting and recordkeeping requirements.
**Correction of Publication**
Accordingly, 26 CFR part 1 is corrected by making the following correcting amendments:
**26 CFR Part 1**
**PART 1—INCOME TAXES**
*Paragraph 1.* The authority citation for part 1 continues to read in part as follows:
**Authority:**
26 U.S.C. 7805 * * *
**26 CFR Part 1**
§ 1.881-3
*Par. 2.* For each entry in the table in the “Section” column, remove the language in the “Remove” column and add in its place the language in the “Add” column as set forth below:
| Section | Remove | Add |
| --- | --- | --- |
| Last sentence of paragraph (a)(2)(i)(A) | | and |
| Last sentence of paragraph (a)(2)(i)(B) | and | and |
| Last sentence of paragraph (a)(3)(ii)(E)(
)(
) | | |
| Last sentence of paragraph (a)(4)(ii)(B) | and | and |
| Last sentence of paragraph (b)(1) | and | and |
| Last sentence of paragraph (b)(2)(i) | and | and |
| Last sentence of paragraph (b)(2)(iii) | | |
| Last sentence of paragraph (b)(2)(iv) | | |
| Last sentence of paragraph (b)(3)(i) | and | and |
| Last sentence of paragraph (d)(1)(i) | | |
| Next to last sentence of paragraph (d)(1)(ii)(A) | | |
| Paragraph (e),
paragraph (i) | | |
| Paragraph (e),
paragraph (ii) | | |
| Paragraph (e),
paragraph (i) | | |
| Paragraph (e),
paragraph (i) | | |
Treena V. Garrett,
Federal Register Liaison, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration).