INCOME TAX

PS–7–89, page 24. Proposed regulations under section 1254 of the Code relating to the treatment of gain from the disposition of interest in certain natural resource recapture property by S corporations and their shareholders.

T.D. 8645, page 4. Final regulations under section 469 of the Code providing rules for rental real estate activities of taxpayers engaged in certain real property trades or businesses.

T.D. 8646, page 10. Final regulations under section 861 of the Code provides guidance concerning the allocation and apportionment of research and experimental expenditures for purposes of determining taxable income from sources inside and outside the U.S.