INCOME TAX — Internal Revenue Bulletin 2006-48

Accounting methods:

Accounting period change:

For corporations (RP 45) 45, 851 For certain pass-through entities (RP 46) 45, 859 Advance consent to change procedures (RP 37) 38, 499 Final bonus depreciation regulations (RP 43) 45, 849 Nonaccrual-experience method (TD 9285) 41, 656 Revised instructions for Form 3115, Application for Change

in Accounting Method (Ann 52) 33, 254 Accounts and notes receivable, section 1221(a)(4) capital asset

exclusion (REG–109367–06) 41, 683 Allocation and accounting regulations under section 141, general

(REG–140379–02; REG–142599–02) 44, 808 Annuities, exchanges of property for an annuity contract

(REG–141901–05) 47, 947 Appeals arbitration program, establishment (RP 44) 44, 800 Attained age for life insurance contract qualification (TD 9287)

46, 896 Automatic approval to change certain section 861 methods of

apportioning expenses (RP 42) 47, 931 Bankruptcy estate in chapter 11 cases filed on or after October 17,

2005, post-petition income of individual debtor (Notice 83) 40, 596 Base period T-bill rate, 2006 (RR 54) 45, 834 Bond issue, administrative appeal of proposed adverse determi nation of tax-exempt status (RP 40) 42, 694 Book-entry systems, foreign targeted registered bonds, interest

when no tax imposed (Notice 99) 46, 907 Capitalization of amounts paid to acquire, produce, or improve

tangible property (REG–168745–03) 39, 532 Charitable contributions, appraisal requirements (Notice 96) 46,

902 Collection:

Clarification of the way due process hearings are conducted:

Federal tax lien (TD 9290) 46, 879 Prior to levy (TD 9291) 46, 887 IRS’s use of private collection agencies (PCAs) in 2006 (Ann

37, 445 Computer software, domestic production activities deduction un der section 199(c)(5)(B):

Change in hearing location for REG–111578–06 (Ann 53) 33,

254 Correction to TD 9262 (Ann 56) 35, 342 Conservation Security Program (CSP), cost-share payments (RR

39, 511 Consolidated returns, basis reallocation, loss suspension, and ex piration of losses on certain stock dispositions, correction to TD 9254 (Ann 44) 27, 49 ; correction (Ann 66) 37, 448

November 27, 2006 viii 2006–48 I.R.B.