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###### Department of the Treasury

###### Internal Revenue Service 

          - 26 CFR Part 1 
          - [TD 9313] 
          - RIN 1545-BG29 

# AGENCY:

Internal Revenue Service (IRS), Treasury. 

# ACTION:

Correcting amendment. 

# SUMMARY:

                        This document contains correction to temporary regulations (TD 9313) that were published in the                         **Federal Register**                         on Thursday, March 1, 2007 (72 FR 9262) providing guidance regarding the qualification of certain transactions as reorganizations described in section 368(a)(1)(D) where no stock and/or securities of the acquiring corporation are issued and distributed in the transaction.                     

# DATES:

This amendment is effective March 29, 2007. 

# FOR FURTHER INFORMATION CONTACT:

Bruce A. Decker at (202) 622-7550 (not a toll-free number). 

# SUPPLEMENTARY INFORMATION:

## Background 

The temporary regulations that are the subjects of this correction are under section 368 of the Internal Revenue Code. 

## Need for Correction 

As published, temporary regulations (TD 9313) contain an error 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 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 1.368-2T is amended by revising paragraph (l)(2)(iv) to read as follows:                     

§ 1.368-2T 

* * * * *

(l) * * * 

(2) * * * 

                            (iv)                             *Exception.*                             This paragraph (l)(2) of this section does not apply to a transaction otherwise described in § 1.358-6(b)(2) or section 368(a)(1)(G) by reason of section 368(a)(2)(D).                         

* * * * *

LaNita Van Dyke, 

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

[FR Doc. E7-5603 Filed 3-28-07; 8:45 am] 

BILLING CODE 4830-01-P