# Certain Outbound Property Transfers by Domestic Corporations; Certain Stock Distributions by Domestic Corporations; Correction
**AGENCY:**
Internal Revenue Service (IRS), Treasury.
**ACTION:**
Correction to final and temporary regulations.
**SUMMARY:**
This document contains corrections to final and temporary regulations (TD 9614) that were published in the *Federal Register* on Tuesday, March 19, 2013 (78 FR 17024). The final and temporary regulations apply to transfers of certain property by a domestic corporation to a foreign corporation in certain nonrecognition exchanges, or to distributions of stock of certain foreign corporations by a domestic corporation in certain nonrecognition distributions. The final regulations also establish reporting requirements for property transfers and stock distributions to which the final regulations apply.
**DATES:**
This correction is effective April 19, 2013 and applicable April 18, 2013.
**FOR FURTHER INFORMATION CONTACT:**
Robert B. Williams, (202) 622-3860 (not a toll free number).
**SUPPLEMENTARY INFORMATION:**
**Background**
The final and temporary regulations (TD 9614) that are the subject of this correction are under sections 367, 1248, and 6038B of the Internal Revenue Code.
**Need for Correction**
As published, the final and temporary regulations (TD 9614) contain an error that may prove to be misleading and is in need of clarification.
**Correction of Publication**
Accordingly, the final and temporary regulations (TD 9614), that are the subject of FR Doc. 2013-05700, is corrected as follows:
On page 17029, column 3, in the preamble, under the paragraph heading “ *G. Elimination of Coordination Rule Exception in § 1.367(a)-3(d)(2)(vi)(B)(1)(i)”,* line 24 from the top of the first full paragraph, the language “or (d)(2)(vi)(b)( *1* )( *ii* ) are satisfied. The” is corrected to read “or (d)(2)(vi)(B)( *1* )( *ii* ) are satisfied. The”.
Alvin Hall,
Assistant Director, Legal Processing Division, Associate Chief Counsel (Procedure and Administration).