# Application of Section 108(i) to Partnerships and S Corporations; Correction
**AGENCY:**
Internal Revenue Service (IRS), Treasury.
**ACTION:**
Final regulations and removal of temporary regulations; correction.
**SUMMARY:**
This document contains corrections to final regulations and removal of temporary regulations (TD 9623) that were published in the *Federal Register* on Wednesday, July 3, 2013 (78 FR 39973). The final regulations are relating to the application of section 108(i) of the Internal Revenue Code to partnerships and S corporations and provides rules regarding the deferral of discharge of indebtedness income and original issue discount deductions by a partnership or an S corporation with respect to reacquisitions of applicable debt instruments after December 31, 2008, and before January 1, 2011.
**DATES:**
This correction is effective on August 14, 2013 and applicable on or after July 2, 2013.
**FOR FURTHER INFORMATION CONTACT:**
Joseph R. Worst, at (202) 622-3070 (not a toll free number).
**SUPPLEMENTARY INFORMATION:**
**Background**
The final regulations and removal of temporary regulations (TD 9623) that are the subject of this correction is under section 108(i) of the Internal Revenue Code.
**Need for Correction**
As published, the final regulations and removal of temporary regulations (TD 9623) contains errors that may prove to be misleading and are in need of clarification.
**Correction of Publication**
Accordingly, the final regulations and removal of temporary regulations (TD 9623), that are the subject of FR Doc. 2013-15585, are corrected as follows:
On page 39974, column 3, in the preamble, under the paragraph heading “1. Bankruptcy Issues”, in the first full paragraph, the language “Title 11” is corrected to read “title 11” wherever it appears.
Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration).