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###### Department of the Treasury

###### Internal Revenue Service

          - 26 CFR Part 1
          - [TD 9568]
          - RIN 1545-BI47

# AGENCY:

Internal Revenue Service (IRS).

# ACTION:

Correction to notice of correcting amendments.

# SUMMARY:

                        This document contains corrections to a correcting amendment (TD 9568), which was published in the                         **Federal Register**                         on Wednesday, January 25, 2012 (77 FR 3606) relating to section 482 and methods to determine taxable income in connection with a cost sharing arrangement.                    

# DATES:

This correction is effective on February 14, 2012, and is applicable beginnning December 22, 2011.

# FOR FURTHER INFORMATION CONTACT:

Joseph L. Tobin at (202) 435-5265 (not a toll-free number).

# SUPPLEMENTARY INFORMATION:

## Background

The final regulations that are the subject of these corrections are under section 482 of the Internal Revenue Code.

## Need for Correction

As published, the correcting amendments to final regulations (TD 9568), contains errors which may prove to be misleading and are in need of clarification.

## Correction of Publication

Accordingly, the publication of the correcting amendments to final regulations, (TD 9568), which were the subject of FR Doc. 2012-895, is corrected as follows:

                    1. On page 3606, second column, instructional paragraph 3., item 4. the language “4. Revising paragraph (k)(2)(ii)(3) is corrected to read “5. Revising paragraph (k)(2)(ii)(A)(                    *3*).                

                    2. On page 3606, second column, under the instructional paragraph 3., the language “4. Revising the fourth sentence of paragraph (g)(4)(viii),                     *Example 3.”*                     is added.                

§ 1.482-7 

                        3. On page 3606, third column, § 1.482-7(g)(2)(v)(C),                         *Example*                         (i), add three asterisks to the end of the paragraph and remove the five asterisks from below the paragraph.                    

4. On page 3606, third column, § 1.482-7(g)(2) after the five asterisks following paragraph (ii) the language “(3) * * *”, is corrected to read “(4) * * *”.

                        5. On page 3606, third column, § 1.482-7 (g)(4)(viii), the language “(viii) * * *” is corrected to read “(viii)                         *Examples.*                         * * *”                    

                        6. On page 3606, third column, § 1.482-7(k)(2) below the five asterisks following paragraph (viii),                         *Example 3*                         add “(A)* * *” below “(ii)* * *” and above “(3)” and underscore “(                        *3*)”.                    

Guy R. Traynor,

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

[FR Doc. 2012-3353 Filed 2-13-12; 8:45 am]

BILLING CODE 4830-01-P