Built-in Gains and Losses Under Section 382(h); Correction

Official source: Federal Register (GovInfo) (https://www.govinfo.gov/content/pkg/FR-2007-08-01/pdf/E7-14802.pdf), retrieved 2026-10-03. U.S. Government work (17 U.S.C. § 105).

41890 Federal Register / Vol. 72, No. 147 / Wednesday, August 1, 2007 / Rules and Regulations

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9330]

RIN 1545–BG66

Built-in Gains and Losses Under Section 382(h); Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to temporary regulations.

SUMMARY: This document contains a correction to temporary regulations (TD 9330) that were published in the Federal Register on Thursday, June 14, 2007 (72 FR 32792) applying to corporations that have undergone ownership changes within the meaning of section 382. These regulations provide guidance regarding the treatment of prepaid income under the built-in gain provisions of section 382(h).

DATES: This correction is effective August 1, 2007.

FOR FURTHER INFORMATION CONTACT: Keith Stanley at (202) 622–7750 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

The correction notice that is the subject of this document is under section 382 of the Internal Revenue Code.

Need for Correction

As published, temporary regulations (TD 9330) contain an error that may prove to be misleading and is in need of clarification.

Correction of Publication

Accordingly, the publication of the temporary regulations (TD 9330), which was the subject of FR Doc. E7–11438, is corrected as follows:

On page 32794, column 1, in the preamble, under the paragraph heading ‘‘Special Analyses’’, line 4, the language ‘‘Executive Order 12666. Therefore, a’’ is corrected to read ‘‘Executive Order 12866. Therefore, a’’.

LaNita Van Dyke, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration).

[FR Doc. E7–14802 Filed 7–31–07; 8:45 am]

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I Accordingly, part 103 of chapter I of title 8 of the Code of Federal Regulations is amended as follows:

PART 103—POWERS AND DUTIES; AVAILABILITY OF RECORDS

I 1. The authority citation for part 103 continues to read as follows:

Authority: 5 U.S.C. 301, 552, 552(a); 8 U.S.C. 1101, 1103, 1304, 1356; 31 U.S.C. 9701; Public Law 107–296, 116 Stat. 2135 (6 U.S.C. 1 et seq. ); E.O. 12356, 47 FR 14874, 15557; 3 CFR, 1982 Comp., p.166; 8 CFR part 2.

I 2. Section 103.7 is amended by revising the entries ‘‘For capturing biometric information’’ and the entries for ‘‘Form I–131’’, ‘‘Form I–485’’, and ‘‘Form I–765’’ in paragraph (b)(1) read as follows:

§ 103.7 Fees.

- - - (b) * - (1) * -
- - - For capturing biometric information (Biometric Fee). A service fee of $80 will be charged for any individual who is required to have biometric information captured in connection with an application or petition for certain immigration and naturalization benefits (other than asylum), and whose residence is in the United States; provided that:

(1) Extension for intercountry adoptions: If applicable, no biometric service fee is charged when a written request for an extension of the approval period is received by USCIS prior to the expiration date of approval indicated on the Form I–171H if a Form I–600 has not yet been submitted in connection with an approved Form I–600A. This extension without fee is limited to one occasion. If the approval extension expires prior to submission of an associated Form I–600, then a complete application and fee must be submitted for a subsequent application.

(2) Pursuant to Visa Bulletin No. 107: The Biometric Services Fee that must accompany Forms I–485, or Forms I– 131 or I–765 that are based on a pending I–485, that are submitted pursuant to U.S. Department of State Visa Bulletin No. 107, and filed with USCIS on or after July 30, 2007, and on or before August 17, 2007, is $70.

- - - Form I–131. For filing an application for travel document—$305. However, the fee for Form I–131 that is submitted pursuant to U.S. Department of State Visa Bulletin No. 107 based on a pending I–485, and filed with USCIS on

or after July 30, 2007, and on or before August 17, 2007, is $170.

- - - Form I–485. For filing an application for permanent resident status or creation of a record of lawful permanent residence—$930 for an applicant fourteen years of age or older; $600 for an applicant under the age of fourteen years when submitted concurrently for adjudication with the Form I–485 of a parent and the applicant is seeking to adjust status as a derivative of the parent, based on a relationship to the same individual who provides the basis for the parent’s adjustment of status, or under the same legal authority as the parent; no fee for an applicant filing as a refugee under section 209(a) of the Act; provided that no additional fee will be charged for a request for travel document (advance parole) or employment authorization filed by an applicant who has paid the Form I–485 application fee, regardless of whether the Form I–131 or Form I–765 is required to be filed by such applicant to receive these benefits. However, for aliens who file an employment-based Form I–485 pursuant to Visa Bulletin No. 107, and filed with USCIS on or after July 30, 2007, and on or before August 17, 2007, the fee is $325, plus a fee of $170 will be charged for a request for travel document (advance parole) and $180 to request employment authorization for an applicant who has paid the Form I–485 application fee, regardless of whether the Form I–131 or Form I–765 is required to be filed by such applicants to receive these benefits.
- - - Form I–765. For filing an application for employment authorization pursuant to 8 CFR 274a.13—$340. However, the fee for a Form I–765 that is submitted pursuant to U.S. Department of State Visa Bulletin No. 107 based on a pending I–485, and filed with USCIS on or after July 30, 2007, and on or before August 17, 2007, is $180.

Dated: July 27, 2007. Michael Chertoff, Secretary.

[FR Doc. 07–3762 Filed 7–30–07; 9:56 am]

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