ADMINISTRATIVE

Notice 96–5, page 22. Estimated tax payments for individuals. The Service will waive penalties for individuals who are residents of the District of Columbia, Connecticut, Delaware, Kentucky, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, Vermont, Virginia, and West Virginia for the 4th installment payment of estimated tax if that payment was made on or before 1/22/96.

Notice 96–7, page 22. Capital expenditures. Public comment is invited on approaches the Service should consider to address issues raised under sections 162 and 263 of the Code particularly in light of INDOPCO vs Commissioner, 503 U.S. 79 (1992).

DL–1–95, page 28. Proposed regulations under section 6103 of the Code relate to the disclosure of returns and return information in connection with the procurement of property and services for tax administration purposes.

3