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###### Department of the Treasury

###### Internal Revenue Service

          - 26 CFR Part 1
          - [REG-139068-08]
          - RIN 1545-BI31

# AGENCY:

Internal Revenue Service (IRS), Treasury.

# ACTION:

Correction to a notice of proposed rulemaking by cross-reference to temporary regulations.

# SUMMARY:

                        This document contains corrections to a notice of proposed rulemaking by cross-reference to temporary regulations (REG-139068-08) that were published in the                         **Federal Register**                         on Friday, September 4, 2009 (74 FR 45789) modifying the election under which a consolidated group can avoid immediately taking into account                               ( print page 50759)                            an intercompany item after the liquidation of a target corporation. This modification was made necessary in light of the regulations under section 368 that were issued in October 2007 addressing transfers of assets or stock following a reorganization.                    

# FOR FURTHER INFORMATION CONTACT:

Mary W. Lyons, (202) 622-7930 (not a toll-free number).

# SUPPLEMENTARY INFORMATION:

## Background

A notice of proposed rulemaking by cross-reference to temporary regulations that is the subject of this document is under section 1502 of the Internal Revenue Code.

## Need for Correction

As published, a notice of proposed rulemaking by cross-reference to temporary regulations (REG-139068-08) contains errors that may prove to be misleading and are in need of clarification.

## Correction of Publication

Accordingly, the publication of a notice of proposed rulemaking by cross-reference to temporary regulations (REG-139068-08), which was the subject of FR Doc. E9-21323, is corrected as follows:

§ 1.1502-13 

                        1. On page 45791, column 1, paragraph (f)(5)(ii)(B)(                        *1*), lines 2 and 3, the language “amendments to § 1.1502-13(B)(                        *1*) is the same as the text of § 1.1502-13T(B)(                        *1*)” is corrected to read “amendments to § 1.1502-13(f)(5)(ii)(B)(                        *1*) is the same as the text of § 1.1502-13T(f)(5)(ii)(B)(                        *1*)”.                    

                        2. On page 45791, column 1, paragraph (f)(5)(ii)(B)(                        *2*), lines 2 and 3, the language “amendments to § 1.1502-13(B)(                        *2*) is the same as the text of § 1.1502-13T(B)(                        *2*)” is corrected to read “amendments to § 1.1502-13(f)(5)(ii)(B)(                        *2*) is the same as the text of § 1.1502-13T(f)(5)(ii)(B)(                        *2*)”.                    

3. On page 45791, column 1, paragraph (f)(5)(ii)(F), lines 2 and 3, the language “amendments to § 1.1502-13(F) is the same as the text of § 1.1502-13T(F)” is corrected to read “amendments to § 1.1502-13(f)(5)(ii)(F) is the same as the text of § 1.1502-13T(f)(5)(ii)(F)”.

LaNita Van Dyke,

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

[FR Doc. E9-23645 Filed 9-30-09; 8:45 am]

BILLING CODE 4830-01-P