INCOME TAX

Rev. Rul. 96–13, page 19. Election in respect of losses attributable to a disaster. This ruling lists the areas declared by the President to qualify as major disaster areas under the Disaster Relief and Emergency Assistance Act since the publication of Rev. Rul. 95–17.

T.D. 8648, page 23. Final regulations under sections 358, 1032, and 1502 of the Code provide rules for adjusting the basis of a controlling corporation in the stock of a controlled corporation as the result of certain triangular reorganizations involving the stock of the controlling corporation.

T.D. 8650, page 5. Final regulations under section 162 of the Code relating to the disallowance of deductions for employee remuneration in excess of $1,000,000.

Finding Lists begin on page 40.

Announcement Relating to Court Decisions, on page 4.

Announcement of Disbarments and Suspensions begins on page 37.

Index for January and February begins on page 42.