# 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; Correction
> **IRS** · Correction to temporary regulations. · Published 2009-10-01 · Effective 2009-10-01 · 74 FR 50705
## Document
- **Document number:** E9-23646
- **Category:** other
- **Sub-agency:** IRS
- **Federal Register citation:** 74 FR 50705
- **CFR reference:** 26 CFR 1
- **Publication date:** 2009-10-01
- **Effective date:** 2009-10-01
- **Treasury docket:** TD 9458
## Abstract

This document contains corrections to temporary regulations (TD 9458) that were published in the Federal Register on Friday, September 4, 2009 (74 FR 45757) modifying the election under which a consolidated group can avoid immediately taking into account an intercompany item after the liquidation of a target corporation. This modification was made necessary in light of the regulations under section 368 that were issued in October 2007 addressing transfers of assets or stock following a reorganization.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2009/10/01/E9-23646/modification-to-consolidated-return-regulation-permitting-an-election-to-treat-a-liquidation-of-a)
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