SECTION 1. PURPOSE AND NATURE

OF CHANGES

.01 This revenue procedure updates Rev. Proc. 2006–7, 2006–1 C.B. 242, by providing a current list of those areas of the Internal Revenue Code under the jurisdiction of the Associate Chief Counsel (International) relating to matters on which the Internal Revenue Service will not issue letter rulings or determination letters.

.02 Change (1) Section 4.01(29) dealing with the determination under section 7874 of whether, after the acquisition of the entity, the expanded affiliated group has substantial business activities in the foreign country in which, or under the law of which, the acquiring foreign entity is created or organized, when compared to the total business activities of the expanded affiliated group, has been added.