ADMINISTRATIVE

Notice 96–33, page 8. T.D. 8618, 1995–40 I.R.B. 4, relating to final regulations governing the definitions of a controlled foreign corporation, foreign base company income, and foreign personal holding company income of a controlled foreign corporation, is corrected.

Rev. Proc. 96–33, page 8. Section 911(d)(4) waiver Rev. Proc. Guidance is provided to individuals who fail to meet the eligibility requirements of section 911(d)(1) of the Code because adverse conditions in the foreign country preclude the individual from meeting those requirements. A current list of countries and the dates those countries are subject to the section 911(d)(4) waiver is provided.

Announcement 96–47, page 10. Form 3115, Application for Change in Accounting Method, and its instructions are approved by the Office of Management and Budget through May 31, 1999, and are available.

Announcement 96–50, page 11. T.D. 8658, 1996–13 I.R.B. 9, providing guidance on the imposition of the accuracy-related penalty, is corrected.

Announcement 96–51, page 11. T.D. 8657, 1996–14 I.R.B. 4, final regulations relating to the determination of effectively connected income; and final and temporary regulations relating to the branch-level interest tax, is corrected.

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