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Internal Revenue Bulletin:  2006-52 

December 26, 2006 


Rev. Proc. 2006-56 Rev. Proc. 2006-56

Nonaccrual-experience method of accounting. This procedure provides the exclusive procedures under which a taxpayer may request the consent of the Commissioner to make certain changes to, from, or within a nonaccrual-experience (NAE) method of accounting and to adopt certain NAE methods. Final regulations on the NAE method of accounting are effective August 31, 2006. Rev. Proc. 2002-9 modified and amplified.

Announcement 2006-102 Announcement 2006-102

This document contains corrections to final regulations (T.D. 9273, 2006-37 I.R.B. 394) addressing the carryover of certain tax attributes, such as earnings and profits and foreign income tax accounts, when two corporations combine in a corporate reorganization or liquidation that is described in both sections 367(b) and 381 of the Code.

Announcement 2006-103 Announcement 2006-103

This document contains corrections to final and temporary regulations (T.D. 9293, 2006-48 I.R.B. 957) concerning the amendments made by the Tax Increase Prevention and Reconciliation Act of 2005 (TIPRA) to section 199 of the Code.

Announcement 2006-104 Announcement 2006-104

This document contains corrections to final regulations (T.D. 9292, 2006-47 I.R.B. 914) regarding the allocation of creditable foreign tax expenditures by partnerships.

Announcement 2006-105 Announcement 2006-105

This document contains corrections to temporary regulations (T.D. 9286, 2006-43 I.R.B. 750) providing rules for claiming the railroad track maintenance credit under section 45G of the Code for qualified railroad track maintenance expenditures paid or incurred by a Class II or Class III railroad and other eligible taxpayers during the taxable year.

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