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Stock Transfer Rules: Carryover of Earnings and Taxes; Correction
Announcement 2001-51
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Correction to notice of proposed rulemaking and notice of public hearing.
SUMMARY: This document contains corrections to a notice of proposed rulemaking and notice of public hearing (REG-116050-99, 2000-48 I.R.B. 520) that was published in the Federal Register on Wednesday, November 15, 2000 (65 FR 69138), relating to the carryover of certain tax attributes, such as earnings and profits and foreign income tax accounts, when two corporations combine in a section 367(b) transaction.
FOR FURTHER INFORMATION CONTACT: Anne O'Connell Devereaux (202) 622-3850 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The notice of proposed rulemaking and notice of public hearing (REG-116050-- 99) that is the subject of these corrections is under section 367 of the Internal Revenue Code.
Need for Correction
As published the notice of proposed...