INCOME TAX—Continued

Inventories:

Proposed regulations—Continued

LIFO:

Price indexes, department stores,

26 CFR 1.731–2, added; distribution of marketable securities by a partnership (PS–2–95) 7, 50 26 CFR 1.863–0, added; 1.863–1, –2, –3, revised; 1.863–4, amended; 1.863–5, removed; source of income from sales of inventory and natural resources produced in one jurisdiction and sold in another (INTL–3–95) 6, 29 26 CFR 1.882–5, 1.884–1, amended; effectively connected income and branch profits tax (INTL–54–95) 14, 39 26 CFR 1.1254–0, 1.1254–4, amended; treatment of gain from disposition of interest in certain natural resource recapture property by S corporations (PS–7–89) 8, 24 26 CFR 1.6081–4(a), revised: 1.6081–4(d), added; automatic extension of time for filing individual tax returns (IA–41–93) 11, 29 26 CFR 1.6302–4, added; federal tax deposits by electronic funds transfer (IA–03–94) 17, 12 26 CFR 31.3121(v)(2)–1, –2, added; FICA taxation amounts under employee benefit plans (EE–142– 87) 12, 13 26 CFR 31.3306(r)(2)–1, added; FUTA taxation amounts under employee benefit plans (EE–55– 95) 12, 12 26 CFR 301.6651–1(c)(3), revised; failure to file return or pay tax (IA–41–93) 11, 29 26 CFR 301.6103(n)–1, amended; disclosure of returns and return information to procure property or services for tax administration purposes (DL–1–95) 6, 28 Property (contributed or other) distribu tion; recognition of gain or loss by contributing partner; correction (Notice 17) 13, 20 Regulations:

Nov. 1995 (RR 9) 4, 5 ; Dec. 1995 (RR 12) 9, 4 ; Jan. 1996 (RR 18) 13, 4 ; Feb. 1996 (RR 22) 15, 9 Investment:

Inflation adjustment for 1996 (RR 4)

3, 16 Joint return study (Notice 19) 14, 28 Loans:

CPI adjustment for below market

loans—1996 (RR 5) 3, 29 Subject to principal-reduction method of accounting and mark-to market rules (Notice 23) 16, 23 Low-income housing credit:

Bond factor amounts Jan.–Mar. 1996

(RR 16) 11, 4 Tax credit (RR 27) 11, 27 Major disaster areas (RR 13) 10, 19 Mark to market, securities dealers

Inflation adjustment for 1996 (RR 4)

CPI adjustment for below market

Bond factor amounts Jan.–Mar. 1996

(Notice 12) 10, 29 Partnerships:

Charitable contribution of property

(RR 11) 4, 28 Sales between partners, basis (RR

10. 4, 27 Payments from Presidential Election

Campaign Fund (Notice 13) 10, 29 Per diem allowances (RP 28) 14, 31 Property (contributed or other) distribu tion; recognition of gain or loss by contributing partner; correction (Notice 17) 13, 20 Proposed regulations:

26 CFR 1.72–17A, amended: 1.72– 17A(d)(1), added; 1.72(p)–1, added; loans to plan participants (EE–106–82) 10, 31 26 CFR 1.125–3, added; effect of Family and Medical Leave Act of 1993 on the operation of cafeteria plans (EE–20–95) 5, 15 26 CFR 1.367–9, added (INTL–9– 95) 5, 24 26 CFR 1.409–1(b)(2)(i), retirement bonds withdrawn (EE–118–81) 11, 29 26 CFR 1.411(c)–1, amended; allocation of accrued benefits between employer and employee contributions (EE–20–95) 5, 15 26 CFR 1.411(d)(6), added; future benefit accrual (EE–34–95) 3, 49 26 CFR 1.501(c)(5)–1, amended; requirements for tax-exempt organizations (EE–53–95) 5, 23

26 CFR 1.162–27, added; disallowance of deductions for employee remuneration in excess of $1,000,000 (TD 8650) 10, 5 ; TD 8650 corrected (Notice 14) 12, 11 26 CFR 1.305–3, –5, –7, amended; distribution of stock and stock rights (TD 8643) 11, 4