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###### Department of the Treasury

###### Internal Revenue Service

          - 26 CFR Part 1
          - [TD 9477]
          - RIN 1545-BI14

# AGENCY:

Internal Revenue Service (IRS), Treasury.

# ACTION:

Correcting amendment.

# SUMMARY:

                        This document contains corrections to final and temporary regulations (TD 9477) that were published in the                         **Federal Register**                         on Wednesday, December 30, 2009 (74 FR 69021) regarding certain transactions that are subject to section 304 but that are entered into with a principal purpose of avoiding the application of section 304 to a corporation that is controlled by the issuing corporation in the transaction, or with a principal purpose of avoiding the application of section 304 to a corporation that controls the acquiring corporation in the transaction.                    

# DATES:

These corrections are effective on February 26, 2010 and are applicable on or after December 29, 2009.

# FOR FURTHER INFORMATION CONTACT:

Sean W. Mullaney, (202) 622-3860 (not a toll free number).

# SUPPLEMENTARY INFORMATION:

## Background

The final and temporary regulations (TD 9477) that are the subject of these corrections are under section 304 of the Internal Revenue Code.

## Need for Correction

As published, the final and temporary regulations (TD 9477) contain an error that may prove to be misleading and are 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:

# 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 * * *

**Par. 2.**                         Section 1.304-4T is amended by revising paragraph (e) to read as follows:                    

§ 1.304-4T 

* * * * *

                            (e)                             *Expiration date.*                             This section expires on or before December 28, 2012.                        

Diane Williams,

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

[FR Doc. 2010-3927 Filed 2-25-10; 8:45 am]

BILLING CODE 4830-01-P