Section 482; Methods To Determine Taxable Income in Connection With a Cost Sharing Arrangement; Correction, 8144 [2012-3353]
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8144
ACTION:
Federal Register / Vol. 77, No. 30 / Tuesday, February 14, 2012 / Rules and Regulations
Correcting amendment.
This document contains
corrections to final regulations (TD
9568), which were published in the
Federal Register on Thursday,
December 22, 2011 (76 FR 80082),
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
beginning December 22, 2011.
FOR FURTHER INFORMATION CONTACT:
Joseph L. Tobin at (202) 435–5265 (not
a toll-free number).
SUPPLEMENTARY INFORMATION:
SUMMARY:
Background
The final regulations that is the
subject of these corrections are under
section 482 of the Internal Revenue
Code.
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 * * *
PART 1—[Corrected]
Par. 2. Section 1.482–7 is amended
by:
1. Revising the title of the table of
paragraph (g)(4)(viii), Example 2 (ii).
2. Revising the fourth sentence of
paragraph (g)(4)(viii), Example 3 (ii).
The revisions read as follows:
■
pmangrum on DSK3VPTVN1PROD with RULES
*
*
Guy R. Traynor,
Federal Register Liaison, Legal Processing
Division, Publication & Regulation Branch,
Associate Chief Counsel (Procedure and
Administration).
[FR Doc. 2012–3351 Filed 2–13–12; 8:45 am]
BILLING CODE 4830–01–P
26 CFR Part 1
[TD 9568]
RIN 1545–BI47
Section 482; Methods To Determine
Taxable Income in Connection With a
Cost Sharing Arrangement; Correction
(IRS).
correcting amendments.
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:
SUMMARY:
Background
The final regulations that are the
subject of these corrections are under
section 482 of the Internal Revenue
Code.
§ 1.482–7 Methods to determine taxable
income in connection with a cost sharing
arrangement.
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.
*
*
*
*
(g) * * *
(4) * * *
(viii) Examples. * * *
Example 2. * * *
(ii) * * *
‘‘INCOME METHOD APPLICATION
NUMBER:’’
*
*
*
*
*
Example 3. * * *
(ii) * * * FS determines that the discount
rate that would be applied to determine the
Jkt 226001
*
AGENCY: Internal Revenue Service
ACTION: Correction to notice of
Correction of Publication
Accordingly, the final regulations (TD
9568) that was the subject of FR Doc.
2012–895 is corrected to read as follows:
16:20 Feb 13, 2012
*
Internal Revenue Service
List of Subjects in 26 CFR Part 1
Income taxes, Reporting and
recordkeeping requirements.
VerDate Mar<15>2010
*
DEPARTMENT OF THE TREASURY
Need for Correction
As published, final regulations (TD
9568), contains errors which may prove
to be misleading and are in need of
clarification.
*
present value of income and costs
attributable to its participation in the
licensing alternative would be 12.5% as
compared to the 15% discount rate that
would be applicable in determining the
present value of the net income attributable
to its participation in the CSA (reflecting the
increased risk borne by FS in bearing a share
of the R & D costs in the cost sharing
alternative). * * *
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:
PO 00000
Frm 00056
Fmt 4700
Sfmt 4700
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
[Corrected].
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
DEPARTMENT OF THE INTERIOR
Office of Surface Mining Reclamation
and Enforcement
30 CFR Part 943
[SATS Nos. TX–061–FOR; TX–062–FOR;
TX–063–FOR; Docket No. OSM–2011–0007]
Texas Regulatory Program
Office of Surface Mining
Reclamation and Enforcement, Interior.
ACTION: Final rule; approval of
amendment.
AGENCY:
We, the Office of Surface
Mining Reclamation and Enforcement
(OSM), are approving three amendments
to the Texas regulatory program under
the Surface Mining Control and
Reclamation Act of 1977 (SMCRA or the
Act). Texas at its own initiative
submitted three separate amendments to
its program: SATS Nos. TX–061–FOR,
TX–062–FOR, and TX–063–FOR. Texas
proposed revisions in TX–061–FOR by
SUMMARY:
E:\FR\FM\14FER1.SGM
14FER1
]]>Agencies
[Federal Register Volume 77, Number 30 (Tuesday, February 14, 2012)]
[Rules and Regulations]
[Page 8144]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-3353]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9568]
RIN 1545-BI47
Section 482; Methods To Determine Taxable Income in Connection
With a Cost Sharing Arrangement; Correction
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.
Sec. 1.482-7 [Corrected].
3. On page 3606, third column, Sec. 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, Sec. 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, Sec. 1.482-7 (g)(4)(viii), the
language ``(viii) * * *'' is corrected to read ``(viii) Examples. * *
*''
6. On page 3606, third column, Sec. 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
