Allocation and Apportionment of Interest Expense; Correction
Federal Register, Volume 77 Issue 34 (Tuesday, February 21, 2012)
Federal Register Volume 77, Number 34 (Tuesday, February 21, 2012)
Rules and Regulations
Pages 9844-9845
From the Federal Register Online via the Government Printing Office www.gpo.gov
FR Doc No: 2012-3855
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
TD 9571
RIN 1545-BJ84
Allocation and Apportionment of Interest Expense; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Correcting amendment.
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SUMMARY: This document contains corrections to the final regulations (TD 9571), which were published in the Federal Register on January 17, 2012 (77 FR 2225) that provide guidance regarding the allocation and apportionment of interest expense.
DATES: This correction is effective on February 21, 2012, and is applicable on January 17, 2012.
FOR FURTHER INFORMATION CONTACT: Jeffrey L. Parry, (202) 622-3850 (not a toll-free call).
SUPPLEMENTARY INFORMATION:
Background
The temporary regulations (TD 9571) that are the subject of these corrections are under section 864 of the Internal Revenue Code.
Need for Correction
As published, the temporary regulations contain errors that may prove to be misleading and are in need of clarification.
List of Subjects 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
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Paragraph 1. The authority citation for part 1 continues to read in part as follows:
Authority: 26 U.S.C. 7805 * * *
Sec. 1.861-9T Corrected
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Par. 2. Section 1.861-9T is amended by revising paragraph (l) to read as follows:
Sec. 1.861-9T Allocation and apportionment of interest expense (temporary).
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(l) Expiration date. The applicability date of paragraphs (e)(2), (e)(3), and (h)(4) expires on January 13, 2015.
Sec. 1.861-11T Corrected
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Par. 3. Section 1.861-11T is amended by revising paragraph (i) to read as follows:
Sec. 1.861-11T Special rules for allocating and apportioning interest expense of an affiliated group of corporations (temporary).
* * * * *
Page 9845
(i) Expiration date. The applicability date of paragraph (d)(6)(ii) expires on January 13, 2015.
Robin R. Jones,
Federal Register Liaison Officer, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, Procedure and Administration.
FR Doc. 2012-3855 Filed 2-17-12; 8:45 am
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