SECTION 1. PURPOSE AND NATURE

OF CHANGES

.01 This revenue procedure updates Rev. Proc. 2010–7, 2010–1 I.R.B. 231, 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 Changes (1) Section 4.01(4) is modified to include the following: Whether a payment constitutes portfolio interest under Sec. 871(h) or whether an obligation qualifies for any of the components of portfolio interest such as being in registered form.