Announcement 2006-44

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Internal Revenue Bulletin 2006-27
July 3, 2006

Announcement 2006-44

Guidance Under Section 1502; Suspension of Losses on Certain Stock Dispositions; Correction


Internal Revenue Service (IRS), Treasury.


Correction to final regulations.


This document contains corrections to final regulations (T.D. 9254, 2006-13 I.R.B. 662) that were published in the Federal Register on Tuesday, March 14, 2006 (71 FR 13008). The regulations apply when a member of a consolidated group transfers subsidiary stock at a loss. They also apply when a member holds loss shares of subsidiary stock and the subsidiary ceases to be a member of the group.


This correction is effective March 14, 2006.


Theresa Abell (202) 622-7700 or Martin Huck (202) 622-7750 (not toll-free numbers).



The final regulations (T.D. 9254) that are the subject of this correction are under section 1502 of the Internal Revenue Code.

Need for Correction

As published, final regulations (T.D. 9254) contains an error that may prove to be misleading and is in need of clarification.

Correction of Publication

Accordingly, the final regulations (T.D. 9254) which was the subject of FR Doc. 06-2411, is corrected as follows:

On page 13009, column 2, in the preamble, under the paragraph heading “Special Analyses”, line 4 from the bottom of the paragraph, the language “these regulations was submitted to the” is corrected to read “these regulations were submitted to the”.

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

Note (Filed by the Office of the Federal Register on June 7, 2006, 8:45 a.m., and published in the issue of the Federal Register for June 8, 2006, 71 F.R. 33239)

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