WASHINGTON, June 3 -- Internal Revenue Service has issued a proposed rule called: Source of Income From Cloud Transactions; Hearing.

The proposed rule was published in the Federal Register on June 3 by Oluwafunmilayo A. Taylor, Section Chief, Publications and Regulations Section, Associate Chief Counsel, (Procedure and Administration).

Summary: This document provides a notice of public hearing on proposed rules for determining the source of income from cloud transactions for purposes of the international provisions of the Internal Revenue Code.

For more information, contact Concerning the proposed rules, Jacob Nava at 202/317-4432, (not a toll-free number); concerning submissions of requests to testify, the hearing and/or to be placed on...