# Modification to Consolidated Return Regulation Permitting an Election To Treat a Liquidation of a Target, Followed by a Recontribution to a New Target, as a Cross-Chain Reorganization
> **IRS** · Final regulations and removal of temporary regulations. · Published 2012-06-20 · Effective 2012-06-20 · 77 FR 36914
## Document
- **Document number:** 2012-14979
- **Category:** tax-irs
- **Sub-agency:** IRS
- **Federal Register citation:** 77 FR 36914
- **CFR reference:** 26 CFR 1
- **Publication date:** 2012-06-20
- **Effective date:** 2012-06-20
- **Treasury docket:** TD 9594
## Abstract

This document contains final regulations under section 1502 of the Internal Revenue Code (Code). These final regulations modify the election under which a consolidated group can avoid immediately taking into account an intercompany item after the liquidation of a target corporation. These regulations apply to corporations filing consolidated income tax returns.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2012/06/20/2012-14979/modification-to-consolidated-return-regulation-permitting-an-election-to-treat-a-liquidation-of-a)
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