Disclosure of Return Information to the Bureau of Economic Analysis, 38262-38264 [E6-9556]
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38262
Federal Register / Vol. 71, No. 129 / Thursday, July 6, 2006 / Rules and Regulations
revised as of April 1, 2006, on page 10,
§ 1.301–1 is corrected by adding
paragraph (g) to read as follows:
§ 1.301–1 Rules applicable with respect to
distributions of money and other property.
*
*
*
*
*
(g) Reduction for liabilities—(1)
General rule. For the purpose of section
301, no reduction shall be made for the
amount of any liability, unless the
liability is assumed by the shareholder
within the meaning of section 357(d).
(2) No reduction below zero. Any
reduction pursuant to paragraph (g)(1)
of this section shall not cause the
amount of the distribution to be reduced
below zero.
(3) Effective dates—(i) In general. This
paragraph (g) applies to distributions
occurring after January 4, 2001.
(ii) Retroactive application. This
paragraph (g) also applies to
distributions made on or before January
4, 2001, if the distribution is made as
part of a transaction described in, or
substantially similar to, the transaction
in Notice 99-59 (1999-2 C.B. 761),
including transactions designed to
reduce gain (see § 601.601(d)(2) of this
chapter). For rules for distributions on
or before January 4, 2001 (other than
distributions on or before that date to
which this paragraph (g) applies), see
rules in effect on January 4, 2001 (see
§ 1.301-1(g) as contained in 26 CFR part
1 revised April 1, 2001).
[FR Doc. 06–55522 Filed 7–5–06; 8:45 am]
BILLING CODE 1505–01–D
26 CFR Part 1
[TD 9262]
RIN 1545–BF57
Computer Software Under Section
199(c)(5)(B); Correction
Internal Revenue Service (IRS),
Treasury.
ACTION: Correcting amendments.
AGENCY:
wwhite on PROD1PC61 with RULES
Need for Correction
As published, the correction notice
(TD 9262) contains errors that may
prove to be misleading and are in need
of clarification.
List of Subjects in 26 CFR Part 1
Income taxes, Reporting and
recordkeeping requirements.
Correction of Publication
Accordingly, 26 CFR part 1 is
corrected by making the following
correcting amendments:
I
PART 1—INCOME TAXES
Paragraph 1. The authority citation
for part 1 continues to read in part as
follows:
I
Authority: 26 U.S.C. 7805 * * *
§ 1.199–3T
[Corrected]
Par. 2. Section 1.199–3T is amended
by revising paragraphs (i)(6)(iii)
introductory text and Example 5 to read
as follows:
I
SUMMARY: This document contains a
correction to temporary regulations (TD
9262) that were published in the
Federal Register on Thursday, June 1,
2006 (71 FR 31074) concerning the
application of section 199 of the Internal
Revenue Code, which provides a
deduction for income attributable to
domestic production activities, to
certain transactions involving computer
software.
DATES: These corrections are effective
June 1, 2006.
Jkt 208001
*
*
*
*
(i) * * *
(6) * * *
(iii) Exceptions. Notwithstanding
paragraph (i)(6)(ii) of this section, if a
taxpayer derives gross receipts from
providing to customers computer
software MPGE in whole or in
significant part by the taxpayer within
the United States for the customers’
direct use while connected to the
Internet (online software), then such
gross receipts will be treated as being
derived from the lease, rental, license,
sale, exchange, or other disposition of
computer software only if—
*
*
*
*
*
well as from the sale to customers of P’s
substantially identical tax preparation
computer software that customers have
downloaded from the Internet. Under
paragraph (i)(6)(iii)(B) of this section, O’s
gross receipts derived from providing its tax
preparation computer software to customers
over the Internet will be treated as derived
from the lease, rental, license, sale, exchange,
or other disposition of computer software
and are DPGR (assuming all the other
requirements of § 1.199–3 are met).
*
*
*
§ 1.199–8T
*
*
[Corrected]
Par. 3. Section 1.199–8T is amended
by revising paragraph (i)(4) to read as
follows:
I
§ 1.199–8T
Other rules (temporary).
(i) * * *
(4) Computer software. Section 1.199–
3T(i)(6)(ii) through (v) are applicable for
taxable years beginning on or after June
1, 2006. Taxpayers may apply these
temporary regulations to taxable years
beginning after December 31, 2004, and
before June 1, 2006. The applicability of
§ 1.199–3T(i)(6)(ii) through (v) expires
on or before May 22, 2009.
Guy R. Traynor,
Chief, Publications and Regulations Branch,
Legal Processing Division, Associate Chief
Counsel (Procedure and Administration).
[FR Doc. E6–10245 Filed 7–5–06; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
*
Internal Revenue Service
16:26 Jul 05, 2006
Background
The correction notice that is the
subject of this document is under
section 199 of the Internal Revenue
Code.
§ 1.199–3T Domestic production gross
receipts (temporary).
DEPARTMENT OF THE TREASURY
VerDate Aug<31>2005
Paul
Handleman or Lauren RossTaylor, (202)
622–3040 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
FOR FURTHER INFORMATION CONTACT:
Example 5. The facts are the same as in
Example 4, except that O does not sell the
tax preparation computer software to
customers affixed to a compact disc or by
download and O’s only method of providing
the tax preparation computer software to
customers is over the Internet. P, an
unrelated person, derives, on a regular and
ongoing basis in its business, gross receipts
from the sale to customers of P’s substantially
identical tax preparation computer software
that has been affixed to a compact disc as
PO 00000
Frm 00004
Fmt 4700
Sfmt 4700
26 CFR Part 301
[TD 9267]
RIN 1545–BE02
Disclosure of Return Information to the
Bureau of Economic Analysis
Internal Revenue Service (IRS),
Treasury.
ACTION: Temporary regulations.
AGENCY:
SUMMARY: This document contains
temporary regulations regarding
additional items of return information
disclosable to the Bureau of Economic
Analysis (Bureau) of the Department of
Commerce. The text of these temporary
regulations serves as the text of the
proposed regulations set forth in the
notice of proposed rulemaking on this
subject in the Proposed Rules section of
this issue of the Federal Register.
DATES: Effective Date: These temporary
regulations are effective July 6, 2006.
Applicability Date: For dates of
applicability, see § 301.6103(j)(1)–1T(f).
E:\FR\FM\06JYR1.SGM
06JYR1
Federal Register / Vol. 71, No. 129 / Thursday, July 6, 2006 / Rules and Regulations
Joel
D. McMahan, (202) 622–4580 (not a tollfree number).
SUPPLEMENTARY INFORMATION:
FOR FURTHER INFORMATION CONTACT:
Background
Under section 6103(j)(1)(B) of the
Internal Revenue Code (Code), upon
written request from the Secretary of
Commerce, the Secretary of the Treasury
shall furnish to the Bureau return
information that is prescribed by
Treasury regulations for the purpose of,
but only to the extent necessary in,
structuring of national economic
accounts and conducting related
statistical activities authorized by law.
This document adopts temporary
regulations that authorize the IRS to
disclose the additional items of return
information that have been requested by
the Department of Commerce for
purposes related to measuring economic
change in the U.S. national economic
accounts.
Temporary regulations in the Rules
and Regulations section of this issue of
the Federal Register amend the
Procedure and Administration
Regulations (26 CFR part 301) under
Code section 6103(j)(1)(B). The
temporary regulations contain rules
relating to the disclosure of return
information reflected on returns to
officers and employees of the
Department of Commerce for structuring
national economic accounts and
conducting related statistical activities
authorized by law.
wwhite on PROD1PC61 with RULES
Explanation of Provisions
By letter dated December 18, 2003,
the Department of Commerce requested
that additional items of return
information be disclosed to the Bureau
for purposes related to measuring
economic change in the U.S. national
economic accounts. Specifically, the
Department of Commerce requested
access to return information, obtained
from all corporate returns, not just those
processed by the IRS’s Statistics of
Income Division for its corporate sample
file. Under this temporary regulation,
the IRS will disclose to the Bureau’s
officers and employees designated items
of return information from returns filed
by all corporations.
Special Analyses
It has been determined that these
temporary regulations are not a
significant regulatory action as defined
in Executive Order 12866. Therefore, a
regulatory assessment is not required. It
also has been determined that section
553(b) of the Administrative Procedure
Act (5 U.S.C. chapter 5) does not apply
to these regulations. For applicability of
VerDate Aug<31>2005
16:26 Jul 05, 2006
Jkt 208001
the Regulatory Flexibility Act (5 U.S.C.
chapter 6), please refer to the crossreferenced notice of proposed
rulemaking published elsewhere in this
issue of the Federal Register. Pursuant
to section 7805(f) of the Code, these
temporary regulations will be submitted
to the Chief Counsel for Advocacy of the
Small Business Administration for
comment on their impact on small
business.
Draft Information
The principal author of these
temporary regulations is Joel D.
McMahan, Office of the Associate Chief
Counsel (Procedure & Administration),
Disclosure and Privacy Law Division.
List of Subjects in 26 CFR Part 301
Employment taxes, Estate taxes,
Excise taxes, Gift taxes, Income taxes,
Penalties, Reporting and recordkeeping
requirements.
Amendments to the Regulations
Accordingly, 26 CFR part 301 is
amended as follows:
I
PART 301—PROCEDURE AND
ADMINISTRATION
Paragraph 1. The authority citation
for part 301 is amended by adding an
entry in numerical order to read, in part,
as follows:
I
Authority: 26 U.S.C. 7805 * * *
Section 301.6103(j)(1)–1T also issued
under 26 U.S.C. 6103(j)(1), * * *
Par. 2. Section 301.6103(j)(1)–1 is
amended by revising paragraphs (c)
introductory text to read as follows:
I
§ 301.6103(j)(1)–1 Disclosures of return
information reflected on returns to officers
and employees of the Department of
Commerce for certain statistical purposes
and related activities.
*
*
*
*
*
(c) * * * (1) [Reserved]. For further
guidance, see § 301.6103(j)(1)–1T(c).
*
*
*
*
*
I Par. 3. Section 301.6103(j)(1)–1T is
revised to read as follows:
§ 301.6103(j)(1)–1T Disclosures of return
information reflected on returns to officers
and employees of the Department of
Commerce for certain statistical purposes
and related activities (temporary).
(a) and (b) [Reserved]. For further
guidance, see § 301.6103(j)(1)–1(a) and
(b).
(c) Disclosure of return information
reflected on returns of corporations to
officers and employees of the Bureau of
Economic Analysis.
(1) The Internal Revenue Service will
disclose to officers and employees of the
PO 00000
Frm 00005
Fmt 4700
Sfmt 4700
38263
Bureau of Economic Analysis for
purposes of, but only to the extent
necessary in, conducting and preparing
statistical analyses, as authorized by
law, all return information from the
Statistics of Income sample, including
edited information and regardless of
format or medium, of designated classes
or categories of corporations with
respect to the tax imposed by chapter 1
of the Internal Revenue Code.
(2) [Removed and Reserved]
(3) The Internal Revenue Service will
disclose the following return
information reflected on returns filed by
corporations to officers and employees
of the Bureau of Economic Analysis:
(i) From the business master files of
the Internal Revenue Service—
(A) Taxpayer identity information (as
defined in section 6103(b)(6) of the
Internal Revenue Code) with respect to
corporate taxpayers;
(B) Business or industry activity
codes;
(C) Filing requirement code; and
(D) Physical location.
(ii) From Form SS–4 filed by an entity
identifying itself on the form as a
corporation or a private services
corporation—
(A) Taxpayer identity information (as
defined in section 6103(b)(6), including
legal, trade, and business name);
(B) Physical location;
(C) State or Country of incorporation;
(D) Entity Type (Corporate only);
(E) Estimated highest number of
employees expected in the next 12
months;
(F) Principal activity of the business;
(G) Principal line of merchandise;
(H) Posting cycle date relative to
filing; and
(I) Document code.
(iii) From an employment tax return
filed by a corporation—
(A) Taxpayer identity information (as
defined in section 6103(b)(6));
(B) Total compensation reported;
(C) Taxable wages paid for purposes
of Chapter 21 to each employee;
(D) Master file tax account code
(MFT);
(E) Total number of individuals
employed in the taxable period covered
by the return;
(F) Posting cycle date relative to
filing;
(G) Accounting period covered; and
(H) Document code.
(iv) From returns of corporate
taxpayer, including Forms 1120, 851,
and other business returns, schedules
and forms that the Internal Revenue
Service may issue—
(A) Taxpayer identity information (as
defined in section 6103(b)(6)), including
that of parent corporation, affiliate or
subsidiary, and shareholder;
E:\FR\FM\06JYR1.SGM
06JYR1
38264
Federal Register / Vol. 71, No. 129 / Thursday, July 6, 2006 / Rules and Regulations
(B) Gross sales and receipts;
(C) Returns and allowances;
(D) Cost of labor, salaries, and wages;
(E) Total assets;
(F) Posting cycle date relative to
filing;
(G) Accounting period covered;
(H) Master file tax account code
(MFT);
(I) Document code; and
(J) Principal industrial activity code.
(d) [Reserved]. For further guidance,
see § 301.6103(j)(1)–1(d).
(e) [Reserved]. For further guidance,
see § 301.6103(j)(1)–1(e).
(f) Effective date. This section is
applicable to disclosures to the Bureau
of Economic Analysis on or after July 6,
2006.
Mark E. Matthews,
Deputy Commissioner for Services and
Enforcement.
Approved: June 5, 2006.
Eric Solomon,
Acting Deputy Assistant Secretary of the
Treasury (Tax Policy).
[FR Doc. E6–9556 Filed 7–5–06; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Centers for Medicare & Medicaid
Services
42 CFR Part 413
[CMS–1531–F]
RIN 0938–AO35
Medicare Program; Revision of the
Deadline for Submission of Emergency
Graduate Medical Education Affiliation
Agreements
Centers for Medicare &
Medicaid Services (CMS), HHS.
ACTION: Final rule.
AGENCY:
This final rule responds to
comments on and revises the deadline
for submission of the 2006 emergency
Medicare graduate medical education
(GME) affiliation agreements. The
deadlines to submit the emergency
Medicare GME affiliation agreements for
the 2005 through 2006 and 2006
through 2007 academic years are
changed from on or before June 30, 2006
and July 1, 2006, respectively, to on or
before October 9, 2006.
DATES: These regulations are effective
on June 30, 2006.
FOR FURTHER INFORMATION CONTACT:
Elizabeth Truong, (410) 786–6005.
SUPPLEMENTARY INFORMATION:
wwhite on PROD1PC61 with RULES
SUMMARY:
VerDate Aug<31>2005
16:26 Jul 05, 2006
Jkt 208001
I. Background
A. Legislative and Regulatory History
The stated purpose of section 1135 of
the Social Security Act (the Act) is to
enable the Secretary to ensure, to the
maximum extent feasible, in any
emergency area and during an
emergency period, that sufficient health
care items and services are available to
meet the needs of enrollees in Medicare,
Medicaid, and the State Children’s
Health Insurance Program (SCHIP).
Section 1135 of the Act authorizes the
Secretary, to the extent necessary to
accomplish the statutory purpose, to
temporarily waive or modify the
application of certain types of statutory
and regulatory provisions (such as
conditions of participation or other
certification requirements, program
participation or similar requirements, or
pre-approval requirements) with respect
to health care items and services
furnished by health care provider(s) in
an emergency area during an emergency
period.
The Secretary’s authority under
section 1135 of the Act arises in the
event there is an ‘‘emergency area’’ and
continues during an ‘‘emergency
period’’ as those terms are defined in
the statute. Under section 1135(g) of the
Act, an emergency area is a geographic
area in which there exists an emergency
or disaster that is declared by the
President according to the National
Emergencies Act or the Robert T.
Stafford Disaster Relief and Emergency
Assistance Act, and a public health
emergency declared by the Secretary
according to section 319 of the Public
Health Service Act. (Section 319 of the
Public Health Service Act authorizes the
Secretary to declare a public health
emergency and take the appropriate
action to respond to the emergency,
consistent with existing authorities.)
Throughout the remainder of this
discussion, we will refer to such
emergency areas and emergency periods
as ‘‘section 1135’’ emergency areas and
emergency periods.
When Hurricane Katrina occurred on
August 29, 2005, disrupting health care
operations and medical residency
training programs at teaching hospitals
in New Orleans and the surrounding
area, the conditions were met for an
emergency area and emergency period
under section 1135(g) of the Act. Under
section 1135 of the Act, the Secretary
was then authorized to waive a number
of provisions to ensure that sufficient
services would be available in the
section 1135 emergency area to meet the
needs of Medicare, Medicaid, and
SCHIP patients. Shortly after Hurricane
Katrina occurred, we were informed by
PO 00000
Frm 00006
Fmt 4700
Sfmt 4700
hospitals in New Orleans that the
training programs at many teaching
hospitals in the city were closed or
partially closed as a result of the
disaster and that the displaced residents
were being transferred to training
programs at host hospitals in other parts
of the country. For purposes of
discussion in this rule, a host hospital
is a hospital that trains residents
displaced from a training program in a
section 1135 emergency area. A home
hospital is a hospital that meets all of
the following: (1) Is located in a section
1135 emergency area, (2) had its
inpatient bed occupancy decreased by
20 percent or more due to the disaster
so that it is unable to train the number
of residents it originally intended to
train in that academic year, and (3)
needs to send the displaced residents to
train at a host hospital.
In the April 12, 2006 Federal Register
(71 FR 18654), we published an interim
final rule with comment period to
modify the Graduate Medical Education
(GME) regulations as they apply to
Medicare GME affiliations to provide for
greater flexibility during times of
disaster. Specifically, the interim final
rule implemented the emergency
Medicare GME affiliated group
provisions to address issues that may be
faced by certain teaching hospitals in
the event that residents who would
otherwise have trained at a hospital in
an emergency area (as that term is
defined in section 1135(g) of the Social
Security Act (the Act)) are relocated to
alternate training sites. To provide home
hospitals with more flexibility to train
displaced residents at various sites, and
to allow host hospitals to count
displaced residents for IME and direct
GME, home hospitals may enter into
emergency Medicare GME affiliation
agreements effective retroactive to the
date of the first day of the section 1135
emergency period.
B. Requirements for Issuance of
Regulations
Section 902 of the Medicare
Prescription Drug, Improvement, and
Modernization Act of 2003 (MMA)
amended section 1871(a)(3) of the Act
and requires the Secretary, in
consultation with the Director of the
Office of Management and Budget, to
establish and publish timelines for the
publication of Medicare final
regulations based on the previous
publication of a Medicare proposed or
interim final regulation. Section 902 of
the MMA also states that the timelines
for these regulations may vary but shall
not exceed 3 years after publication of
the preceding proposed or interim final
E:\FR\FM\06JYR1.SGM
06JYR1
]]>Agencies
[Federal Register Volume 71, Number 129 (Thursday, July 6, 2006)]
[Rules and Regulations]
[Pages 38262-38264]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-9556]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 301
[TD 9267]
RIN 1545-BE02
Disclosure of Return Information to the Bureau of Economic
Analysis
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Temporary regulations.
-----------------------------------------------------------------------
SUMMARY: This document contains temporary regulations regarding
additional items of return information disclosable to the Bureau of
Economic Analysis (Bureau) of the Department of Commerce. The text of
these temporary regulations serves as the text of the proposed
regulations set forth in the notice of proposed rulemaking on this
subject in the Proposed Rules section of this issue of the Federal
Register.
DATES: Effective Date: These temporary regulations are effective July
6, 2006. Applicability Date: For dates of applicability, see Sec.
301.6103(j)(1)-1T(f).
[[Page 38263]]
FOR FURTHER INFORMATION CONTACT: Joel D. McMahan, (202) 622-4580 (not a
toll-free number).
SUPPLEMENTARY INFORMATION:
Background
Under section 6103(j)(1)(B) of the Internal Revenue Code (Code),
upon written request from the Secretary of Commerce, the Secretary of
the Treasury shall furnish to the Bureau return information that is
prescribed by Treasury regulations for the purpose of, but only to the
extent necessary in, structuring of national economic accounts and
conducting related statistical activities authorized by law. This
document adopts temporary regulations that authorize the IRS to
disclose the additional items of return information that have been
requested by the Department of Commerce for purposes related to
measuring economic change in the U.S. national economic accounts.
Temporary regulations in the Rules and Regulations section of this
issue of the Federal Register amend the Procedure and Administration
Regulations (26 CFR part 301) under Code section 6103(j)(1)(B). The
temporary regulations contain rules relating to the disclosure of
return information reflected on returns to officers and employees of
the Department of Commerce for structuring national economic accounts
and conducting related statistical activities authorized by law.
Explanation of Provisions
By letter dated December 18, 2003, the Department of Commerce
requested that additional items of return information be disclosed to
the Bureau for purposes related to measuring economic change in the
U.S. national economic accounts. Specifically, the Department of
Commerce requested access to return information, obtained from all
corporate returns, not just those processed by the IRS's Statistics of
Income Division for its corporate sample file. Under this temporary
regulation, the IRS will disclose to the Bureau's officers and
employees designated items of return information from returns filed by
all corporations.
Special Analyses
It has been determined that these temporary regulations are not a
significant regulatory action as defined in Executive Order 12866.
Therefore, a regulatory assessment is not required. It also has been
determined that section 553(b) of the Administrative Procedure Act (5
U.S.C. chapter 5) does not apply to these regulations. For
applicability of the Regulatory Flexibility Act (5 U.S.C. chapter 6),
please refer to the cross-referenced notice of proposed rulemaking
published elsewhere in this issue of the Federal Register. Pursuant to
section 7805(f) of the Code, these temporary regulations will be
submitted to the Chief Counsel for Advocacy of the Small Business
Administration for comment on their impact on small business.
Draft Information
The principal author of these temporary regulations is Joel D.
McMahan, Office of the Associate Chief Counsel (Procedure &
Administration), Disclosure and Privacy Law Division.
List of Subjects in 26 CFR Part 301
Employment taxes, Estate taxes, Excise taxes, Gift taxes, Income
taxes, Penalties, Reporting and recordkeeping requirements.
Amendments to the Regulations
0
Accordingly, 26 CFR part 301 is amended as follows:
PART 301--PROCEDURE AND ADMINISTRATION
0
Paragraph 1. The authority citation for part 301 is amended by adding
an entry in numerical order to read, in part, as follows:
Authority: 26 U.S.C. 7805 * * *
Section 301.6103(j)(1)-1T also issued under 26 U.S.C.
6103(j)(1), * * *
0
Par. 2. Section 301.6103(j)(1)-1 is amended by revising paragraphs (c)
introductory text to read as follows:
Sec. 301.6103(j)(1)-1 Disclosures of return information reflected on
returns to officers and employees of the Department of Commerce for
certain statistical purposes and related activities.
* * * * *
(c) * * * (1) [Reserved]. For further guidance, see Sec.
301.6103(j)(1)-1T(c).
* * * * *
0
Par. 3. Section 301.6103(j)(1)-1T is revised to read as follows:
Sec. 301.6103(j)(1)-1T Disclosures of return information reflected on
returns to officers and employees of the Department of Commerce for
certain statistical purposes and related activities (temporary).
(a) and (b) [Reserved]. For further guidance, see Sec.
301.6103(j)(1)-1(a) and (b).
(c) Disclosure of return information reflected on returns of
corporations to officers and employees of the Bureau of Economic
Analysis.
(1) The Internal Revenue Service will disclose to officers and
employees of the Bureau of Economic Analysis for purposes of, but only
to the extent necessary in, conducting and preparing statistical
analyses, as authorized by law, all return information from the
Statistics of Income sample, including edited information and
regardless of format or medium, of designated classes or categories of
corporations with respect to the tax imposed by chapter 1 of the
Internal Revenue Code.
(2) [Removed and Reserved]
(3) The Internal Revenue Service will disclose the following return
information reflected on returns filed by corporations to officers and
employees of the Bureau of Economic Analysis:
(i) From the business master files of the Internal Revenue
Service--
(A) Taxpayer identity information (as defined in section 6103(b)(6)
of the Internal Revenue Code) with respect to corporate taxpayers;
(B) Business or industry activity codes;
(C) Filing requirement code; and
(D) Physical location.
(ii) From Form SS-4 filed by an entity identifying itself on the
form as a corporation or a private services corporation--
(A) Taxpayer identity information (as defined in section
6103(b)(6), including legal, trade, and business name);
(B) Physical location;
(C) State or Country of incorporation;
(D) Entity Type (Corporate only);
(E) Estimated highest number of employees expected in the next 12
months;
(F) Principal activity of the business;
(G) Principal line of merchandise;
(H) Posting cycle date relative to filing; and
(I) Document code.
(iii) From an employment tax return filed by a corporation--
(A) Taxpayer identity information (as defined in section
6103(b)(6));
(B) Total compensation reported;
(C) Taxable wages paid for purposes of Chapter 21 to each employee;
(D) Master file tax account code (MFT);
(E) Total number of individuals employed in the taxable period
covered by the return;
(F) Posting cycle date relative to filing;
(G) Accounting period covered; and
(H) Document code.
(iv) From returns of corporate taxpayer, including Forms 1120, 851,
and other business returns, schedules and forms that the Internal
Revenue Service may issue--
(A) Taxpayer identity information (as defined in section
6103(b)(6)), including that of parent corporation, affiliate or
subsidiary, and shareholder;
[[Page 38264]]
(B) Gross sales and receipts;
(C) Returns and allowances;
(D) Cost of labor, salaries, and wages;
(E) Total assets;
(F) Posting cycle date relative to filing;
(G) Accounting period covered;
(H) Master file tax account code (MFT);
(I) Document code; and
(J) Principal industrial activity code.
(d) [Reserved]. For further guidance, see Sec. 301.6103(j)(1)-
1(d).
(e) [Reserved]. For further guidance, see Sec. 301.6103(j)(1)-
1(e).
(f) Effective date. This section is applicable to disclosures to
the Bureau of Economic Analysis on or after July 6, 2006.
Mark E. Matthews,
Deputy Commissioner for Services and Enforcement.
Approved: June 5, 2006.
Eric Solomon,
Acting Deputy Assistant Secretary of the Treasury (Tax Policy).
[FR Doc. E6-9556 Filed 7-5-06; 8:45 am]
BILLING CODE 4830-01-P
