Bulletin No. 2006-27 July 3, 2006

tions. The regulations also provide that, for purposes of section 1248, when a foreign partnership sells stock of a corporation, the partners of the partnership are treated as selling their proportionate shares of such stock.

ADMINISTRATIVE

Notice 2006–57, page 13. This notice postpones until October 16, 2006, the due date for filing Form 8898, Statement for Individuals Who Begin or End Bona Fide Residence in a U.S. Possession, for tax years 2001 through 2005.

Rev. Proc. 2006–29, page 13. This procedure contains revisions to Publication 1239, Speci- fications for Filing Form 8027, Employer’s Annual Information Return of Tip Income and Allocated Tips, Electronically or Mag- netically . Rev. Proc. 2005–41 superseded.

Rev. Proc. 2006–31, page 32. This procedure provides guidance on revoking an election under section 83(b) of the Code. The procedure sets forth the requirements that must be satisfied before permission to revoke the election can be granted. Additionally, it sets forth the information that must be provided when requesting permission to revoke an election under section 83(b).

Announcement 2006–42, page 48. This document provides notice of a public hearing on proposed regulations (REG–146459–05, 2006–8 I.R.B. 504) under sections 402(g), 402A, 403(b), and 408A of the Code relating to designated Roth accounts. A public hearing is scheduled for July 26, 2006.

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Announcement 2006–43, page 48. This announcement renews the Tax Exempt Bond (TEB) Mediation Pilot Program set forth in Announcement 2003–36, 2003–1 C.B. 1093, for an additional one-year period beginning on July 3, 2006.

Announcement 2006–44, page 49. This document contains a correction to final regulations (T.D. 9254, 2006–13 I.R.B. 662) that apply when a member of a consolidated group transfers subsidiary stock at a loss. They also apply when a member holds loss shares of subsidiary stock and the subsidiary ceases to be a member of the group.

July 3, 2006 2006–27 I.R.B.