Federal housing law
Conduit Financing Arrangements; Correction (IRS final rule, 2012-04-16, FR Doc. 2012-8993)
Federal housing law as enacted — verbatim and citable.
- Edition
- 2026-10-03
- Last updated
- 2026-10-04
- Jurisdiction
- United States
Official source: Federal Register (GovInfo) (https://www.govinfo.gov/content/pkg/FR-2012-04-16/pdf/2012-8993.pdf), retrieved 2026-10-03. U.S. Government work (17 U.S.C. § 105).
22480 Federal Register / Vol. 77, No. 73 / Monday, April 16, 2012 / Rules and Regulations
[FR Doc. 2012–8967 Filed 4–13–12; 8:45 am]
BILLING CODE 4910–13–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9562]
RIN 1545–BH77
Conduit Financing Arrangements; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Correcting amendment.
SUMMARY: This document contains a correction to final regulations (TD 9562) that were published in the Federal Register on Friday, December 9, 2011
final regulations apply to multiple-party financing arrangements that are effected through disregarded entities, and are necessary in order to determine which of those arrangements should be recharacterized as a conduit financing arrangement.
DATES: This correction is effective on April 16, 2012 and is applicable on December 9, 2011.
FOR FURTHER INFORMATION CONTACT: Quyen P. Huynh, (202) 622–3880 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The final regulation (TD 9562) that is the subject of this correction is under section 881 of the Internal Revenue Code.
Need for Correction
As published, TD 9562 contains errors
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 * -
§ 1.881–3 [Amended]
- Par. 2. For each entry in the table in the ‘‘Section’’ column, remove the language in the ‘‘Remove’’ column and add in its place the language in the
| (76 FR 76895) providing guidance on conduit financing arrangements. The that may prove to be misleading in need of clarification. | g and is ‘‘Add’’ column | as set forth below: |
|---|---|---|
| Section | Remove | Add |
| Last sentence of paragraph (a)(2)(i)(A) ......................................................................... Last sentence of paragraph (a)(2)(i)(B) ......................................................................... Last sentence of paragraph (a)(3)(ii)(E)(2)(ii) ............................................................... Last sentence of paragraph (a)(4)(ii)(B) ........................................................................ Last sentence of paragraph (b)(1) ................................................................................. Last sentence of paragraph (b)(2)(i) ............................................................................. Last sentence of paragraph (b)(2)(iii) ............................................................................ Last sentence of paragraph (b)(2)(iv) ............................................................................ Last sentence of paragraph (b)(3)(i) ............................................................................. Last sentence of paragraph (d)(1)(i) ............................................................................. Next to last sentence of paragraph (d)(1)(ii)(A) ............................................................ Paragraph (e),_Example 21,_paragraph (i) .................................................................... Paragraph (e),_Example 21,_paragraph (ii) ................................................................... Paragraph (e),_Example 23,_paragraph (i) .................................................................... Paragraph (e),_Example 24,_paragraph (i) .................................................................... |
Examples 1, 2, 3 ................ Examples 4_and_5 .............. Example 6 .......................... Examples 7_and_8 .............. Examples 11_and_12 .......... Examples 13, 14_and_15 .... Example 16 ........................ Example 17 ........................ Examples 21, 22_and_23 .... Example 24 ........................ Example 25 ........................ Example 19 ........................ Example 20 ........................ Example 21 ........................ Example 21 ........................ |
Examples 1, 2, 3_and_4. Examples 5_and_6. Example 7. Examples 8_and_9. Examples 12_and_13. Examples 14, 15_and_16. Example 17. Example 18. Examples 22, 23_and_24. Example 25. Example 26. Example 20. Example 21. Example 22. Example 22. |
Treena V. Garrett, Federal Register Liaison, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 2012–8993 Filed 4–13–12; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9583]
RIN 1545–BI92
Guidance Under Section 267(f); Deferral of Loss on Transactions Between Members of a Controlled Group
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Final regulations.
SUMMARY: This document contains final regulations concerning the deferral of losses on the sale or exchange of property between members of a controlled group and provides guidance as to the time for taking into account those losses. These regulations affect corporations that are members of a controlled group.
DATES: Effective Date: These regulations are effective on April 16, 2012.
FOR FURTHER INFORMATION CONTACT: Amie Colwell Breslow (202) 622–7530 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
Section 267(a)(1) provides that no deduction shall be allowed for any loss on the sale or exchange of property between certain related persons. Section 267(f)(2) contains an exception for a loss
on the sale or exchange of property between members of a controlled group. For this purpose, ‘‘controlled group’’ has the meaning given to such term in section 1563(a) except that ‘‘more than 50 percent’’ is substituted for ‘‘at least 80 percent’’ each place it appears. In the case of a sale or exchange of loss property between members of a controlled group, the loss is deferred rather than disallowed. Under section 267(f)(2)(B), the loss is deferred until the property is transferred outside of the controlled group and there would be recognition of loss under consolidated return principles or until such other time as may be prescribed in regulations.
The regulations under section 267(f) provide that the timing principles for intercompany sales or exchanges between members of a consolidated group (see generally § 1.1502–13(c)(2)) apply to sales or exchanges of property
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