Bulletin No. 2007-10 March 5, 2007

and 2005–86 modified. Rev. Ruls. 69–141, 2002–41, 2003–102, 2005–24, and 2006–36 modified.

Rev. Proc. 2007–23, page 675. This procedure provides administrative guidance permitting the use of a “Net Consideration Method” of accounting for certain patent cross licensing arrangements. Under the method, only cash and other non-patent-right consideration are taken into account for withholding and capitalization purposes. The procedure also requests comments on the types of arrangements that should be covered by the method.

Announcement 2007–24, page 681. This announcement notifies Archer MSA trustees and custodians of the obligation to report the number of Archer MSAs established between (1) January 1, 2005, and June 30, 2005, and (2) January 1, 2006, and June 30, 2006.