Bulletin No. 2006-24 — Internal Revenue Bulletin 2006-24

tain foreign-to-foreign asset reorganizations. The regulations will also revise the stock disposition rule of temporary regulations section 1.897–6T(b)(1)(iii) and eliminate the conditions specified for nonrecognition in temporary regulations section 1.897–6T(b)(2). Lastly, the regulations will modify the period that must be considered for imposing taxes and accrued interest on prior dispositions of the stock of foreign corporations. Notice 89–85 amplified.

Rev. Proc. 2006–21, page 1050. Section 1502. The Service eliminates impediments to e-filing consolidated returns and reduces reporting requirements. Rev. Procs. 89–56, 90–39, and 2002–32 modified.

Announcement 2006–35, page 1061. Insurance companies; interest rate tables. This announcement corrects an error in Rev. Rul. 2006–25, 2006–20 I.R.B. 882 (May 15, 2006).

Announcement 2006–38, page 1062. This document contains corrections to final regulations (T.D. 9243, 2006–8 I.R.B. 475) that amend the income tax regulations under various provisions of the Code to account for statutory mergers and consolidations.

Actions Relating to Court Decisions is on the page following the Introduction. Finding Lists begin on page ii.