Bulletin No. 2006-8 February 21, 2006

tion 1503(d) filings under the provisions of regulations sections 301.9100–1 through 301.9100–3 or elect to use the reasonable cause standard set forth in the proposed regulations as modified by this notice.

Notice 2006–14, page 498. This notice invites public comments on certain distributions treated as sales or exchanges under section 751(b) of the Code. The Treasury Department and the Service are conducting a study of the current section 751(b) regulations and are considering alternative approaches to achieving the purpose of the statute.