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Introduction

Part IV. Items of General Interest

Internal Revenue Bulletin 2006-34 · 2026-10-03 edition · updated 2026-10-04 · United States

Notice of Proposed Rulemaking by Cross-Reference to Temporary Regulations, Notice of Proposed Rulemaking, and Notice of Public Hearing

Treatment of Services Under Section 482; Allocation of Income and Deductions From Intangibles; and Apportionment of Stewardship Expense

REG–146893–02; REG–115037–00; REG–138603–03

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of proposed rulemaking by cross-reference to temporary regulations, notice of proposed rulemaking, and notice of public hearing.

SUMMARY: In a separate part to this issue of the Bulletin, the IRS is issuing temporary regulations (T.D. 9278) relating to the treatment of controlled services transactions under section 482. These temporary regulations also provide guidance regarding the allocation of income from intangibles, in particular with respect to contribution by a controlled party to the value of an intangible owned by another controlled party as it relates to controlled services transactions and modify the regulations under section 861 concerning stewardship expenses to be consistent with the changes made to the regulations under section 482. The text of those regulations also serves as the text of these proposed regulations. These proposed regulations also contain a coordination rule with global dealing operations. The Treasury Department and the IRS are presently working on new global dealing regulations and intend that when final regulations are issued, those regulations, not §1.482–9T, will govern the evaluation of the activities performed by a global

dealing operation within the scope of those regulations. Pending finalization of the global dealing regulations, taxpayers may rely on the proposed global dealing regulations, not the temporary services regulations, to govern financial transactions entered into in connection with a global dealing operation as defined in proposed §1.482–8. Therefore, proposed regulations under §1.482–9(m)(5) clarify that a controlled services transaction does not include a financial transaction entered into in connection with a global dealing operation. These proposed regulations potentially affect controlled taxpayers within the meaning of section 482. This document also provides notice of a public hearing on these proposed regulations.

DATES: Written or electronic comments must be received by November 2, 2006.

ADDRESSES: Send submissions to: CC:PA:LPD:PR (REG–146893–02, REG–115037–00, and REG–138603–03), Internal Revenue Service, PO Box 7604, Ben Franklin Station, Washington, DC 20044. Submissions may be sent electronically, via the IRS internet site at www.irs.gov/regs or via Federal eRulemaking Portal at www.regulations.gov (IRS REG–146893–02, REG–115037–00, and REG–138603–03).

FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations, Thomas A. Vidano, (202) 435–5265, or Carol B. Tan, (202) 435–5265 for matters relating to section 482, or David Bergkuist (202) 622–3850 for matters relating to stewardship expenses; concerning submission of comments, the hearing, and/or, to be placed on the building access list to attend the hearing, Kelly Banks, (202) 622–0392 (not toll-free numbers).

SUPPLEMENTARY INFORMATION:

Background and Explanation of Provisions

Temporary regulations in this issue of the Bulletin amend the Income Tax Regulations (26 CFR parts 1 and 31) relating to section 482. The temporary regulations

set forth guidance on the treatment of controlled services transactions, the allocation from intangibles under section 482, and stewardship expenses under section 861. The text of those regulations also serves as the text of these proposed regulations. The preamble to the temporary regulations explains the temporary regulations and these proposed regulations. These proposed regulations potentially affect controlled taxpayers within the meaning of section 482.

Special Analyses

It has been determined that this notice of proposed rulemaking is not a significant regulatory action as defined in Executive Order 12866. Therefore, a regulatory assessment is not required. It also has been determined that section 553(b) of the Administrative Procedure Act (5 U.S.C. chapter 5) does not apply to these regulations, and because the regulation does not impose a collection of information on small entities, the Regulatory Flexibility Act (5 U.S.C. chapter 6) does not apply. Pursuant to section 7805(f) of the Internal Revenue Code (Code), this regulation has been submitted to the Chief Counsel for Advocacy of the Small Business Administration for comment on their impact on small business.

Comments and Public Hearing

Before these proposed regulations are adopted as final regulations, consideration will be given to any written comments (a signed original and eight (8) copies) or electronic comments that are submitted timely to the IRS. The IRS and Treasury Department specifically request comments on the clarity of the proposed rule and how it may be made easier to understand. All comments will be available for public inspection and copying.

A public hearing will be scheduled if requested in writing by any person that timely submits written comments. If a public hearing is scheduled, notice of the date, time, and place for the public hearing will be published in the Federal Register .

Drafting Information

The principal authors of these regulations are Thomas A. Vidano and

August 21, 2006 317 2006–34 I.R.B.

(4) * * * (i) * * - [The text of the proposed amendment to §1.482–1(g)(4)(i) is the same as the text of §1.482–1T(g)(4)(i) published elsewhere in this issue of the Bulletin].

(iii) * * Example 1 . [The text of the proposed amendment to §1.482–1(g)(4)(iii) Example 1 is the same as the text of §1.482–1T(g)(4)(iii) Example 1 published elsewhere in this issue of the Bulletin].

        • (i) [The text of the proposed amendment to §1.482–1(i) is the same as the text of §1.482–1T(i) published elsewhere in this issue of the Bulletin].
        • (j) [The text of the proposed amendment to §1.482–1(j)(6) is the same as the text of §1.482–1T(j)(6) published elsewhere in this issue of the Bulletin].

Par. 4. Section 1.482–2 is amended as follows:

  1. Paragraph (b) is revised.
  2. Paragraph (e) is added. The revision and addition reads as follows:

§1.482–2 Determination of taxable income in specific situations.

        • (b) [The text of the proposed amendment to §1.482–2(b) is the same as the text of §1.482–2T(b) published elsewhere in this issue of the Bulletin].
        • (e) [The text of the proposed amendment to §1.482–2(e) is the same as the text of §1.482–2T(e)(1) and (2) published elsewhere in this issue of the Bulletin].

Par. 5. Section 1.482–4 is amended as follows:

  1. Paragraph (f)(3) is revised.

  2. Paragraphs (f)(4) and (f)(5) are redesignated as paragraphs (f)(5) and (f)(6), respectively.

  3. New paragraphs (f)(4) and (f)(7) are added.

The revision and addition read as follows:

§1.482–4 Methods to determine taxable income in connection with a transfer of intangible property.

        • (f) - -

Carol B. Tan, Office of Associate Chief Counsel (International).

- - - -

Proposed Amendments to the Regulations

Accordingly, 26 CFR parts 1 and 31 are proposed to be amended as follows:

PART 1—INCOME TAXES

Paragraph 1. The authority citation for part 1 is amended by adding an entry in numerical order to read in part as follows:

Authority: 26 U.S.C. 7805 * * * Section 1.482–9 also issued under 26 U.S.C. 482. - * *

Par. 2. Section 1.482–0 is amended as follows:

  1. The section heading is revised.

  2. The entries for §1.482–2(b) are revised.

  3. The entries for §1.482–4(f)(3), (f)(4) and (f)(5) are revised and new entries for §1.482–4(f)(6) are added.

  4. New entries for §§1.482–6T(c)(3) (i)(B)(1) and (2) and 1.482–9T are added.

The revisions and additions read as follows:

§1.482–0 Outline of regulations under section 482.

[The text of the proposed amendment to §1.482–0 is the same as the text of §1.482–0T published elsewhere in this issue of the Bulletin].

Par. 3. Section 1.482–1 is amended as follows:

  1. Paragraphs (a)(1), (b)(2)(i), (d)(3)(ii)(C) Example 3, (d)(3)(v), (f)(2)(ii)(A), (f)(2)(iii)(B), (g)(4)(i), (g)(4)(iii) and paragraph (i) are revised.

  2. Paragraphs (d)(3)(ii)(C), Example 4, Example 5, and Example 6, and (j)(6) are added.

The additions and revisions read as follows:

§1.482–1 Allocation of income and deductions among taxpayers.

(a)(1) [The text of the proposed amendment to §1.482–1(a)(1) is the same as the text of §1.482–1T(a)(1) published elsewhere in this issue of the Bulletin].

        • (b) * * * (1) * * * (b)(2)(i) [The text of the proposed amendment to §1.482–1(b)(2)(i) is the same as the text of §1.482–1T(b)(2)(i) published elsewhere in this issue of the Bulletin].
        • (d) - - (3) - - (ii) - - * (C) - - Example 3 . [The text of the proposed amendment to §1.482–1(d)(3)(ii)(C), Example 3 is the same as the text of §1.482–1T(d)(3)(ii)(C) Example 3 published elsewhere in this issue of the Bulletin].

Example 4 . [The text of the proposed amendment to §1.482–1(d)(3)(ii)(C) Example 4 is the same as the text of §1.482–1T(d)(3)(ii)(C) Example 4 published elsewhere in this issue of the Bulletin].

Example 5 . [The text of the proposed amendment to §1.482–1(d)(3)(ii)(C) Example 5 is the same as the text of §1.482–1T(d)(3)(ii)(C) Example 5 published elsewhere in this issue of the Bulletin].

Example 6 . [The text of the proposed amendment to §1.482–1(d)(3)(ii)(C) Example 6 is the same as the text of §1.482–1T(d)(3)(ii)(C) Example 6 published elsewhere in this issue of the Bulletin].

(v) Property or services . [The text of the proposed amendment to §1.482–1(d)(3)(v) is the same as the text of §1.482–1T(d)(3)(v) published elsewhere in this issue of the Bulletin].

        • (f) - - (2) - - (ii)(A) [The text of the proposed amendment to §1.482–1(f)(2)(ii)(A) is the same as the text of §1.482–1T(f)(2)(ii)(A) published elsewhere in this issue of the Bulletin].

(iii) * - * (B) [The text of the proposed amendment to §1.482–1(f)(3)(iii)(B) is the same as the text of §1.482–1T(f)(3)(iii)(B) published elsewhere in this issue of the Bulletin].

        • (g) - -

2006–34 I.R.B. 318 August 21, 2006

Par. 9. Section 1.861–8 is amended by revising paragraphs (a)(5), the fifth and sixth sentences in paragraph (b)(3), (e)(4), (f)(4)(i), (g) Examples 17, 18, and 30, and the first sentence in paragraph (h) introductory text to read as follows:

§1.861–8 Computation of taxable income from sources within the United States and from other sources and activities .

(a) * - (5) [The text of the proposed amendment to §1.861–8(a)(5) is the same as the text of §1.861–8T(a)(5) published elsewhere in this issue of the Bulletin].

(b) - * (3) - - - [The text of the proposed amendment to §1.861–8(b)(3) is the same as the text in §1.861–8T(b)(3) published elsewhere in this issue of the Bulletin].

        • (e) * - (4) [The text of the proposed amendment to §1.861–8(e)(4) is the same as the text of §1.861–8T(e)(4) published elsewhere in this issue of the Bulletin].

(f) - - (4)* - - (i) [The text of the proposed amendment to §1.861–8(f)(4)(i) is the same as the text of §1.861–8T(f)(4)(i) published elsewhere in this issue of the Bulletin].

(g) - * Example 17 . [The text of the proposed amendment to §1.861–8(g) Example 17 is the same as the text of §1.861–8T(g) Ex- ample 17, published elsewhere in this issue of the Bulletin].

Example 18 . [The text of the proposed amendment to §1.861–8(g) Example 18 is the same as the text of §1.861–8T(g) Ex- ample 18, published elsewhere in this issue of the Bulletin].

        • Example 30 . [The text of the proposed amendment to §1.861–8(g) Example 30 is the same as the text of §1.861–8T(g) Ex- ample 30, published elsewhere in this issue of the Bulletin].

(h) [The text of the proposed amendment to §1.861–8(h) is the same as the text of §1.861–8T(h) published elsewhere in this issue of the Bulletin]. - * *

(3) [The text of the proposed amendment to §1.482–4(f)(3) is the same as the text of §1.482–4T(f)(3) published elsewhere in this issue of the Bulletin].

        • (4) [The text of the proposed amendment to §1.482–4(f)(4) is the same as the text of §1.482–4T(f)(4) published elsewhere in this issue of the Bulletin].
        • (7) [The text of the proposed amendment to §1.482–4(f)(7) is the same as the text of §1.482–4T(f)(7)(i) and (ii) published elsewhere in this issue of the Bulletin].
        • Par. 6. Section 1.482–6 is amended by revising paragraphs (c)(2)(ii)(B)(1), (c)(2)(ii)(D), (c)(3)(i)(A), (c)(3)(i)(B), and (c)(3)(ii)(D), and adding paragraph (d) to read as follows:

§1.482–6 Profit split method.

        • (c) - - (2) - - (ii) * - (B) - - - (1) - - - [The text of the proposed amendment to §1.482–6(c)(2)(ii)(B)(1) is the same as the text of §1.482–6T(c)(2)(ii)(B)(1) published elsewhere in this issue of the Bulletin].
        • (D) [The text of the proposed amendment to §1.482–6(c)(2)(ii)(D) is the same as the text of §1.482–6T(c)(2)(ii)(D) published elsewhere in this issue of the Bulletin].
        • (3) - - (i) - - - (A) [The text of the proposed amendment to §1.482–6(c)(3)(i)(A) is the same as the text of §1.482–6T(c)(3)(i)(A) published elsewhere in this issue of the Bulletin].

(B) [The text of the proposed amendment to §1.482–6(c)(3)(i)(B) is the same as the text of §1.482–6T(c)(3)(i)(B) published elsewhere in this issue of the Bulletin].

        • (ii) * - (D) [The text of the proposed amendment to §1.482–6(c)(3)(ii)(D) is the same

as the text of §1.482–6T(c)(3)(ii)(D) published elsewhere in this issue of the Bulletin].

        • (d) [The text of the proposed amendment to §1.482–6(d) is the same as the text of §1.482–6T(d)(1) and (2) published elsewhere in this issue of the Bulletin].

Par. 7. Section 1.482–8 is amended by adding Examples 10 through 12 to read as follows:

§1.482–8 Examples of the best method rule.

        • (b) - - - Example 10 . Cost of ser- vices plus method preferred to other meth- ods . [The text of the proposed amendment to §1.482–8(a) Example 10 is the same as the text of §1.482–8T(a) Example 10 published elsewhere in this issue of the Bulletin].

Example 11 . CPM for services pre- ferred to other methods . [The text of the proposed amendment to §1.482–8(a) Example 11 is the same as the text of §1.482–8T(a) Example 11 published elsewhere in this issue of the Bulletin].

Example 12 . Residual profit split pre- ferred to other methods . [The text of the proposed amendment to §1.482–8(a) Example 12 is the same as the text of §1.482–8T(a) Example 12 published elsewhere in this issue of the Bulletin].

Par. 8. A new §1.482–9 is added to read as follows:

§1.482–9 Methods to determine taxable income in connection with a controlled services transaction.

(a) through (m)(5) [The text of the proposed §1.482–9(a) through (m)(5) is the same as the text of §1.482–9T(a) through (m)(5) published elsewhere in this issue of the Bulletin].

(m)(6) Global dealing operations . A controlled services transaction does not include a financial transaction entered into in connection with a global dealing operation as defined in the current proposed §1.482–8.

(n) [The text of the proposed §1.482–9(n) is the same as the text of §1.482–9T(n)(1) and (n)(2) published elsewhere in this issue of the Bulletin].

August 21, 2006 319 2006–34 I.R.B.

Par. 10. Section 1.6038A–3(a)(3) is amended by revising paragraph (a)(3) Ex- ample 4 and (i) to read:

§1.6038A–3 Record maintenance.

(a) - - (3) - - Example 4 . [The text of the proposed amendment to §1.6038A–3, Example 4 is the same as the text of §1.6038A–3T, Ex- ample 4 published elsewhere in this issue of the Bulletin].

        • (i) [The text of the proposed amendment to §1.6038A–3(i) is the same as the text of §1.6038A–3T(i)(1) and (2) published elsewhere in this issue of the Bulletin].

Par. 11. Section 1.6662–6 is amended by revising paragraphs (d)(2)(ii)(B), (d)(2)(iii)(B)(4), (d)(2)(iii)(B)(6) and (g) to read as follows:

§1.6662–6 Transactions between persons described in section 482 and net section 482 transfer price adjustments.

        • (d) - - (2) - - (ii) * - (B) [The text of the proposed amendment to §1.6662–6(d)(2)(ii)(B) is the same as the text of §1.6662–6T(d)(2)(ii)(B) published elsewhere in this issue of the Bulletin].
        • (iii) * - (B) - - - (4) [The text of the proposed amendment to §1.6662–6(d)(2)(iii)(B)(4) is the same as the text of §1.6662–6T(d)(2)(iii)(B)(4) published elsewhere in this issue of the Bulletin].
        • (6) [The text of the proposed amendment to §1.6662–6(d)(2)(iii)(B)(6) is the same as the text of §1.6662–6T(d)(2)(iii)(B)(6) published elsewhere in this issue of the Bulletin].
        • (g) [The text of the proposed amendment to §1.6662–6(g) is the same as the text of §1.6662–6T(g)(1) and (2) published elsewhere in this issue of the Bulletin].

PART 3—EMPLOYMENT TAXES AND COLLECTION OF INCOME TAX AT THE SOURCE

Par. 12. The authority citation for part 31 continues to read as follows: Authority: 26 U.S.C. 7805 * * * Par. 13. Section 31.3121(s)–1 is amended by revising paragraphs (c)(2)(iii) and (d) to read as follows:

§31.3121(s)–1 Concurrent employment by related corporations with common paymaster.

        • (c) - - (2) - * (iii) [The text of the proposed amendment to §31.3121(s)–1(c)(2)(iii) is the same as the text of §31.3121(s)–1T(c)(2)(iii) published elsewhere in this issue of the Bulletin].
        • (d) [The text of the proposed amendment to §31.3121(s)–1(d) is the same as the text of §31.3121(s)–1T(d)(1) and (2) published elsewhere in this issue of the Bulletin].

Mark E. Matthews, Deputy Commissioner for Services and Enforcement.

(Filed by the Office of the Federal Register on July 31, 2006, 4:40 p.m., and published in the issue of the Federal Register for August 4, 2006, 71 F.R. 44247)

Notice of Proposed Rulemaking by Cross-Reference to Temporary Regulations

Disclosure of Return Information to the Bureau of Economic Analysis

REG–148864–03

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of proposed rulemaking by cross-reference to temporary regulations.

SUMMARY: In this issue of the Bulletin, the IRS is issuing temporary regulations (T.D. 9267) regarding additional items of return information disclosable to the Bureau of Economic Analysis (Bureau) of the Department of Commerce for purposes related to measuring economic change in the U.S. national economic accounts. These temporary regulations provide guidance to IRS personnel responsible for disclosing the information. The text of these temporary regulations published in this issue of the Bulletin serves as the text of the proposed regulations.

DATES: Written and electronic comments and requests for a public hearing must be received by October 4, 2006.

ADDRESSES: Send submissions to: CC:PA:LPD:PR (REG–148864–03), room 5203, Internal Revenue Service, P.O. Box 7604, Ben Franklin Station, Washington, DC 20044. Submissions may be hand-delivered between the hours of 8 a.m. and 4 p.m. to CC:PA:LPD:PR (REG–148864–03), Courier’s Desk, Internal Revenue Service, 1111 Constitution Avenue, NW, Washington, DC, or sent electronically, via the IRS Internet site at www.irs.gov/regs, or via the Federal eRulemaking Portal at www.regulations.gov (IRS and REG–148864–03).

FOR FURTHER INFORMATION CONTACT: Concerning submission of comments, Richard A. Hurst at Richard.A.Hurst@irscounsel.treas.gov and (202) 622–7180; concerning the temporary regulations, Joel D. McMahan at (202) 622–4580 (not toll-free numbers).

SUPPLEMENTARY INFORMATION:

Background

Under section 6103(j)(1), upon written request from the Secretary of Commerce, the Secretary of the Treasury must furnish to the Bureau return information that is prescribed by Treasury regulations for purposes related to measuring economic change in the U.S. national economic accounts. Section 301.6103(j)(1)–1(c) of the regulations provides an itemized description of the return information authorized to be disclosed for this purpose. Periodically,

2006–34 I.R.B. 320 August 21, 2006

(Filed by the Office of the Federal Register on July 5, 2006, 8:45 a.m., and published in the issue of the Federal Register for July 6, 2006, 71 F.R. 38323)

Announcement That Identifies Specified Covered Services Eligible for Services Cost Method Under Section 482 Regulations

Announcement 2006–50

BACKGROUND

In 2003, the Treasury Department issued proposed section 482 regulations that set forth a simplified cost based method (SCBM). Prop. § 1.482–9(f). That method was intended to preserve the salutary aspects of the cost safe harbor in current § 1.482–2(b) while at the same time eliminating problematic features of those rules. In light of public comments, however, the Treasury Department has issued temporary and proposed regulations, concurrently with this announcement, that eliminate the SCBM and replace it with the services cost method (SCM). According to these temporary and proposed regulations, two categories of covered services, “specified covered services” and “low margin covered services,” are eligible for the SCM. This announcement relates to “specified covered services,” which are support services identified in a revenue procedure published by the IRS.

Included with this announcement is the proposed revenue procedure identifying specified covered services. The Service invites comments from interested members of the public prior to publishing the revenue procedure. The temporary regulations have a delayed effective date for tax years beginning after December 31, 2006. It is contemplated that a final revenue procedure will be issued after taking into account comments on this announcement and that this final revenue procedure will be effective concurrent with the effective date of the temporary regulations.

Comments (eight copies) should be sent to Associate Chief Counsel (International) CC:INTL:FO, Internal Revenue Service, 1111 Constitution Avenue, NW, Room 4554, Washington, DC 20224, making reference in the comments to Control Number NOT–127827–06. To ensure that

the disclosure regulations are amended to reflect the changing needs of the Bureau for data for its statutorily authorized statistical activities.

This document contains proposed regulations authorizing IRS personnel to disclose additional items of return information that have been requested by the Secretary of Commerce.

Temporary regulations in this issue of the Bulletin amend the Procedure and Administration Regulations (26 CFR Part 301) relating to Internal Revenue Code (Code) section 6103(j). The temporary regulations contain rules relating to the disclosure of return information reflected on returns to officers and employees of the Department of Commerce for structuring censuses and national economic accounts and conducting related statistical activities authorized by law.

The text of the temporary regulations also serves as the text of these proposed regulations. The preamble to the temporary regulations explains the proposed regulations.

Special Analyses

It has been determined that this notice of proposed rulemaking is not a significant regulatory action as defined in Executive Order 12866. Therefore, a regulatory assessment is not required. It also has been determined that section 553(b) of the Administrative Procedure Act (5 U.S.C. chapter 5) does not apply to these regulations, and because the regulations do not impose a collection of information on small entities, the Regulatory Flexibility Act (5 U.S.C. chapter 6) does not apply. Pursuant to section 7805(f) of the Code, these proposed regulations will be submitted to the Chief Counsel for Advocacy of the Small Business Administration for comment on their impact on small business.

Comments and Requests for a Public Hearing

Before these proposed regulations are adopted as final regulations, consideration will be given to any electronic and written comments (a signed original and eight (8) copies) that are submitted timely to the IRS. The IRS and Treasury Department specifically request comments on the clar

ity of the proposed regulations and how they can be made easier to understand. All comments will be available for public inspection and copying. A public hearing may be scheduled if requested in writing by a person who timely submits comments. If a public hearing is scheduled, notice of the date, time, and place for the hearing will be published in the Federal Register .

Drafting Information

The principal author of these regulations is Joel D. McMahan, Office of the Associate Chief Counsel (Procedure & Administration), Disclosure and Privacy Law Division.

- - - -

Proposed Amendments to the Regulations

Accordingly, 26 CFR part 301 is proposed to be amended as follows:

PART 301—PROCEDURE AND ADMINISTRATION

Paragraph 1. The authority citation for part 301 is amended in part, by adding an entry in numerical order to read as follows:

Authority: 26 U.S.C. 7805 * * * Section 301.6103(j)(1)–1 also issued under 26 U.S.C. 6103(j)(1); * * *

Par. 2. In §301.6103(j)(1)–1 paragraphs (c) and (f) are revised to read as follows:

§301.6103(j)(1)–1 Disclosure of return information to officers and employees of the Department of Commerce for certain statistical purposes and related activities.

        • (c) [The text of this proposed paragraph is the same as the text of §301.6103(j)(1)–1T(c) published elsewhere in this issue of the Bulletin].
        • (f) [The text of this proposed paragraph is the same as the text of §301.6103(j)(1)–1T(f) published elsewhere in this issue of the Bulletin].

Mark E. Matthews, Deputy Commissioner for Services and Enforcement.

August 21, 2006 321 2006–34 I.R.B.

ered services. The Treasury and the IRS solicit public input both on whether the list of services sufficiently covers the full range of back office services typical within multinational groups, as well as on the descriptions provided for these covered services. It is contemplated that a final revenue procedure, reflecting revisions based on comments received, will be issued to coincide with the effective date of the temporary and proposed regulations for taxable years beginning after December 31, 2006.

DRAFTING INFORMATION

The principal author of this announcement is Thomas A. Vidano of the Office of Associate Chief Counsel (International). For further information regarding this announcement, contact Thomas A. Vidano at (202) 435–5265 (not a toll-free call).

Proposed Revenue Procedure

[26 CFR 1.482–9T]: Methods to determine taxable income in connection with a controlled services transaction. (Also: )

Rev. Proc. [2006–XX]

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Internal Revenue Bulletin 2006-34

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