SECTION 2. CHANGES FROM REV.

PROC. 2006–48

.01. Editorial changes and line reference changes to Form 1040, Schedule A, have been made in updating Rev. Proc. 2006–48. 02. This revenue procedure has been updated to reflect changes made to section 170(f) by Public Law 109–280, section 1217, and to section 6694 by Public Law 110–28, section 8246.02.

.03. Section 4.02(3)(f) concerning difference in book and income tax reporting is expanded by adding Form 1120–F, Schedule M–3 (Form 1120–F), Net Income (Loss) Reconciliation for Foreign Corpo- rations With Reportable Assets of $10 Mil- lion or More : Column (b), Temporary Dif- ference, and Column (c), Permanent Dif- ference, of Part II, (reconciliation of income (loss) items) and Part III (reconciliation of expense/deduction items).