Section 482: Methods To Determine Taxable Income in Connection With a Cost Sharing Arrangement; Correction, 9570 [E9-4656]

Download as PDF 9570 Federal Register / Vol. 74, No. 42 / Thursday, March 5, 2009 / Rules and Regulations National Futures Association, the Disclosure Document for each trading program that it offers or that it intends to offer not less than 21 calendar days prior to the date the trading advisor first intends to deliver the Document to a prospective client in the trading program; and (2) The commodity trading advisor must electronically file with the National Futures Association, pursuant to the electronic filing procedures of the National Futures Association, the subsequent amendments to the Disclosure Document for each trading program that it offers or that it intends to offer within 21 calendar days of the date upon which the trading advisor first knows or has reason to know of the defect requiring the amendment. Issued in Washington, DC on February 27, 2009 by the Commission. David A. Stawick, Secretary of the Commission. [FR Doc. E9–4740 Filed 3–4–09; 8:45 am] BILLING CODE 6351–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 [TD 9441] RIN 1545–BI46 Section 482: Methods To Determine Taxable Income in Connection With a Cost Sharing Arrangement; Correction dwashington3 on PROD1PC60 with RULES AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Correction to final and temporary regulations. SUMMARY: This document contains corrections to final and temporary regulations (TD9441) that were published in the Federal Register on Monday, January 5, 2009 providing further guidance and clarification regarding methods under section 482 to determine taxable income in connection with a cost sharing arrangement in order to address issues that have arisen in administering the current regulations. The temporary regulations affect domestic and foreign entities that enter into cost sharing arrangements described in the temporary regulations. DATES: This correction is effective March 5, 2009, and is applicable on January 5, 2009. FOR FURTHER INFORMATION CONTACT: Kenneth P. Christman, (202) 435–5265 (not a toll-free number). SUPPLEMENTARY INFORMATION: VerDate Nov<24>2008 13:27 Mar 04, 2009 Jkt 217001 Background DEPARTMENT OF THE TREASURY The final and temporary regulations that are the subject of this document are under sections 367 and 482 of the Internal Revenue Code. Internal Revenue Service Need for Correction [TD 9441] As published, final and temporary regulations (TD 9441), published Monday, January 5, 2009 (74 FR 340) , contains errors that may prove to be misleading and are in need of clarification. RIN 1545–BI46 Correction of Publication PART 1—[CORRECTED] Accordingly, the publication of the final and temporary regulations (TD 9441), which was the subject of FR Doc. E8–30715, is corrected as follows: 1. On page 346, column 2, in the preamble, under the paragraph heading ‘‘4. Acquisition Price and Market Capitalization Methods—Temp. Treas. Reg. § 1.482–7T(g)(5) and (6), third paragraph of the column, line 17, the language ‘‘PCT Payor’s, nonroutine contributions’’ is corrected to read ‘‘PCT Payee’s, nonroutine contributions’’. 2. On page 347, column 1, in the preamble, the language of the paragraph heading ‘‘2. Contingent Payments— Temp. Treas. Reg. § 1.482–7T(h)(2)(iv) and (v)’’ is corrected to read ‘‘2. Contingent Payments—Temp. Treas. Reg. § 1.482–7T(h)(2)(iii) and (iv)’’. 3. On page 348, column 2, in the preamble, under the paragraph heading ‘‘Special Analyses’’, last paragraph of the column, line 13, the language ‘‘preamble to the cross-reference notice of’’ is corrected to read ‘‘preamble to the cross-referenced notice of’’. 4. On page 348, column 3, in the preamble, under the paragraph heading ‘‘Drafting Information’’, second paragraph of the column, line 2, the language ‘‘proposed regulations is Kenneth P.’’ is corrected to read ‘‘temporary regulations is Kenneth P.’’. LaNita Van Dyke, Chief, Publications and Regulations Branch Legal Processing Division, Associate Chief Counsel, (Procedure and Administration). [FR Doc. E9–4656 Filed 3–4–09; 8:45 am] BILLING CODE 4830–01–P PO 00000 26 CFR Part 1 Section 482: Methods To Determine Taxable Income in Connection With a Cost Sharing Arrangement; Correction AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Correcting amendment. SUMMARY: This document contains corrections to final and temporary regulations (TD9441) that were published in the Federal Register on Monday, January 5, 2009 (74 FR 340) providing further guidance and clarification regarding methods under section 482 to determine taxable income in connection with a cost sharing arrangement in order to address issues that have arisen in administering the current regulations. The temporary regulations affect domestic and foreign entities that enter into cost sharing arrangements described in the temporary regulations. DATES: This correction is effective March 5, 2009, and is applicable on January 5, 2009. FOR FURTHER INFORMATION CONTACT: Kenneth P. Christman, (202) 435–5265 (not a toll-free number). SUPPLEMENTARY INFORMATION: Background The final and temporary regulations that are the subject of this document are under sections 367 and 482 of the Internal Revenue Code. Need for Correction As published, final and temporary regulations (TD 9441) contains errors 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 * * * Frm 00006 Fmt 4700 Sfmt 4700 E:\FR\FM\05MRR1.SGM 05MRR1

Agencies

[Federal Register Volume 74, Number 42 (Thursday, March 5, 2009)]
[Rules and Regulations]
[Page 9570]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-4656]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9441]
RIN 1545-BI46


Section 482: Methods To Determine Taxable Income in Connection 
With a Cost Sharing Arrangement; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final and temporary regulations.

-----------------------------------------------------------------------

SUMMARY: This document contains corrections to final and temporary 
regulations (TD9441) that were published in the Federal Register on 
Monday, January 5, 2009 providing further guidance and clarification 
regarding methods under section 482 to determine taxable income in 
connection with a cost sharing arrangement in order to address issues 
that have arisen in administering the current regulations. The 
temporary regulations affect domestic and foreign entities that enter 
into cost sharing arrangements described in the temporary regulations.

DATES: This correction is effective March 5, 2009, and is applicable on 
January 5, 2009.

FOR FURTHER INFORMATION CONTACT: Kenneth P. Christman, (202) 435-5265 
(not a toll-free number).

SUPPLEMENTARY INFORMATION: 

Background

    The final and temporary regulations that are the subject of this 
document are under sections 367 and 482 of the Internal Revenue Code.

Need for Correction

    As published, final and temporary regulations (TD 9441), published 
Monday, January 5, 2009 (74 FR 340) , contains errors that may prove to 
be misleading and are in need of clarification.

Correction of Publication

PART 1--[CORRECTED]

    Accordingly, the publication of the final and temporary regulations 
(TD 9441), which was the subject of FR Doc. E8-30715, is corrected as 
follows:
    1. On page 346, column 2, in the preamble, under the paragraph 
heading ``4. Acquisition Price and Market Capitalization Methods--Temp. 
Treas. Reg. Sec.  1.482-7T(g)(5) and (6), third paragraph of the 
column, line 17, the language ``PCT Payor's, nonroutine contributions'' 
is corrected to read ``PCT Payee's, nonroutine contributions''.
    2. On page 347, column 1, in the preamble, the language of the 
paragraph heading ``2. Contingent Payments--Temp. Treas. Reg. Sec.  
1.482-7T(h)(2)(iv) and (v)'' is corrected to read ``2. Contingent 
Payments--Temp. Treas. Reg. Sec.  1.482-7T(h)(2)(iii) and (iv)''.
    3. On page 348, column 2, in the preamble, under the paragraph 
heading ``Special Analyses'', last paragraph of the column, line 13, 
the language ``preamble to the cross-reference notice of'' is corrected 
to read ``preamble to the cross-referenced notice of''.
    4. On page 348, column 3, in the preamble, under the paragraph 
heading ``Drafting Information'', second paragraph of the column, line 
2, the language ``proposed regulations is Kenneth P.'' is corrected to 
read ``temporary regulations is Kenneth P.''.

LaNita Van Dyke,
Chief, Publications and Regulations Branch Legal Processing Division, 
Associate Chief Counsel, (Procedure and Administration).
[FR Doc. E9-4656 Filed 3-4-09; 8:45 am]
BILLING CODE 4830-01-P

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