Correction

In proposed rule document 074262 beginning on page 50544 in the issue of Friday, August 31, 2007, make the following correction:

On page 50556, in the first column, in the third bullet point, the second sentence, beginning with ``The notice is required...'' should begin its own paragraph.
[FR Doc. C74262 Filed 111507; 8:45 am]

DEPARTMENT OF THE TREASURY : Internal Revenue Service

This document contains proposed regulations that provide guidance under sections 381(c)(4) and (c)(5) of the Internal Revenue Code (Code) relating to the accounting method or combination of methods, including the inventory method, to use after certain corporate reorganizations and taxfree liquidations. These proposed regulations clarify and

DEPARTMENT OF THE TREASURY : Internal Revenue Service