Part IV. Items — Internal Revenue Bulletin 1996-29

(Filed by the Office of the Federal Register on June 3, 1996, 8:45 a.m., and published in the issue of the Federal Register for June 4, 1996, 61 F.R. 28053)

Proposed Amendments to the Regulations on the Determination of Interest Expense Deduction of Foreign Corporations and Branch Profits Tax; Correction

Announcement 96–65

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice of proposed rulemaking.

SUMMARY: This document contains a correction to the notice of proposed rulemaking (INTL–0054–95 [1996–14 I.R.B. 39]) which was published in the Federal Register for Friday, March 8, 1996 (61 FR 9377). The notice of proposed rulemaking relate to the determination of the interest expense deduction of foreign corporations, and the branch profits tax.

FOR FURTHER INFORMATION CONTACT: Ahmad Pirasteh or Richard Hoge (202) 622–3870 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

The notice of proposed rulemaking that is subject to these corrections are under sections 882 and 884 of the Internal Revenue Code.

Need for Correction

As published, the proposed rulemaking contains errors that are in need of clarification.

Correction of Publication

Accordingly, the publication of the proposed rulemaking which is the subject of FR Doc. 96–5264 is corrected as follows:

On page 9378, in the preamble under column 2, following the paragraph heading ‘‘B. Hedging transactions’’, line 6, the language ‘‘case may be, the amount of their U.S.’’ is corrected to read ‘‘case may be, the amount of its U.S.’’.

§ 1.882–5 [Corrected]

On page 9379, column 3, § 1.882–5 (d)(6), Example 4 .(i), line 18,

Processing of Returns Filed by Exempt Organizations to be Centralized in the Ogden Service Center

Announcement 96–63

Internal Revenue Service return processing of information and tax returns filed by tax-exempt organizations is being centralized into the Ogden Service Center. The centralization will be in two stages. Beginning July 1, 1996, the Ogden Service Center will assume the responsibility for processing exempt organization returns normally filed in the Fresno and Cincinnati Service Centers. Also beginning July 1, 1996, the Ogden Service Center will assume responsibility for printing and monitoring the Supplemental Group Ruling Information listings, which are sent to parent organizations to assist them in notifying the Service of changes to their subordinate groups as required by Revenue Procedure 80–27, 1980–1 C.B. 677.

Beginning January 1, 1997, the Ogden Service Center will assume the responsibility for processing exempt organization returns normally filed in all other service centers. The forms that are being centralized in the Ogden Service Center are Form 990, Form 990–C, Form 990–EZ, Form 990–PF, Form 990–T, Form 1041–A, Form 4720, Form 5227, Form 5578, and Form 5768. Forms 990–BL and 6069 will continue to be filed and processed in the Cincinnati Service Center. Any form not listed above should be filed at the service center listed in the form’s instruction as the appropriate service center for the area in which the exempt organization is located.

Exempt organizations that normally file any of the covered forms at the Fresno or Cincinnati Service Centers should, though they are not required to, file at the Ogden Service Center beginning July 1, 1996, using the following address: Internal Revenue Service, Ogden, UT 84201. Exempt organization returns that are filed at the Fresno or Cincinnati Service Centers between July 1, 1996, and January 1, 1997, will be forwarded to the Ogden Service Center. Exempt organization forms and instructions will contain the new submission address when the 1996 editions of the forms and instructions are printed.

The principal author of this announcement is Thomas J. Miller of the Exempt Organizations Division, Projects Branch

For further information regarding this announcement contact Mr. Miller on (202) 622–7867 (not a toll-free call).

Gasoline and Diesel Fuel Excise Tax; Registration Requirements; Correction

Announcement 96–64

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final regulations.

SUMMARY: This document contains corrections to final regulations (TD 8659 [1996–16 I.R.B. 4]) which were published in the Federal Register for Thursday, March 14, 1996 (61 FR 10450). The final regulations relate to the taxes on gasoline and diesel fuel reflecting and implementing certain changes made by the Omnibus Budget Reconciliation Act of 1993.

EFFECTIVE DATE: March 14, 1996.

FOR FURTHER INFORMATION CONTACT: Frank Boland (202) 622– 3130 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

The final regulations that are subject to these corrections are under sections 4081 and 4101 of the Internal Revenue Code.

Need for Correction

As published, [TD 8659] contains errors that are in need of clarification.

Correction of Publication

Accordingly, the publication of final regulations which are the subject of FR Doc. 96–5586 is corrected as follows:

§ 48.4101–1 [Corrected]

On page 10460, column 2, paragraph (f)(3)(ii)(D), lines 4 and 5 are corrected by merging the two lines to read ‘‘paragraph (j) of this section, without regard to’’.

Cynthia E. Grigsby, Chief, Regulations Unit Assistant Chief Counsel (Corporate).

1996–29 I.R.B. 18

Massillon ASA Girls Softball Associa tion, Massillon, OH Matawan-Aberdeen Baseball League, Matawan, NJ Memorial Day Weekend Salute to Veter ans Celebration, Columbia, MO Mental Health Programs Inc. VII, Cam bridge, MA Miracle on Caney Creek, Inc., Lexing ton, KY Montgomery Area Sports Hall of Fame

Inc., Montgomery, AL Mount Zion Institute for New Growth,

Lansing, MI Mountain View Parent Teacher Organi zation PTO, Morganton, NC Muncie Urban Enterprises Assocation,

Inc., Muncie, IN Nashville Waldorf Assoc., Nashville, TN Neuse River Community Development

Corp Inc., New Bern, NC New Charlotte Corp., Charlotte, NC New Horizons of Tennessee, Nashville,

TN New Writers Forum Inc., Lexington Park, MD North Carolina Assoc. of Colleges and

Universities Inc., Greensboro, NC North Rowan High Booster Club, Spen cer, NC Nova Vida, Inc., Charlotte, MI Oxford Area Foundation for the En hancement of Public Education, Oxford, MI Ozark Depot Area Museum Inc., Charleston, AR Options for Community Living, Kalamazoo, MI Page Band Boosters Inc., Greensboro,

NC Paradigm Counseling Center of West

Michigan, Inc., Manistee, MI Partners in Parenting, Oxford, NC Patton Homes, Inc., Grosse Pointe, MI Plainfield Pee-Wee Association, Inc., Plainfield, IN Professional Medical Education Assoca tion, Inc., Grove City, OH Project Outreach of Cumberland County

Inc., Crossville, TN Prophetic Christian Ministries Associa tion, Inc., Toledo, OH Quail Unlimited Inc., Laurinburg, NC Raintree Home, Inc., Canton, MI Raishis Chochma, Lakewood, NJ Recovery Systems Inc., Chattanooga, TN Rhode Island AFC Inc., Detroit, MI Richmond County Health Foundation Inc., Rockingham, NC Robert P. Kellam Scholarship Founda tion Inc., Owings Mills, MD Rotary Club of Effingham Foundation

Inc., Rincon, GA

the language ‘‘liabilities of 90x U.S. dollars and 1000 x’’ is corrected to read ‘‘liabilities of 90x U.S. dollars and 1000x’’.

§ 1.884–1 [Corrected]

On page 9380, column 3, § 1.884–1 (d)(2)(xi), Example 8., last line, the language ‘‘from securities) of the value of the securities.’’ is corrected to read ‘‘from securities) of the amount of the securities.’’.

Cynthia E. Grigsby, Chief, Regulations Unit Assistant Chief Counsel (Corporate).

(Filed by the Office of the Federal Register on June 3, 1996, 8:45 a.m., and published in the issue of the Federal Register for June 4, 1996, 61 F.R. 28118)

Foundations Status of Certain Organizations

Announcement 96–66

The following organizations have failed to establish or have been unable to maintain their status as public charities or as operating foundations. Accordingly, grantors and contributors may not, after this date, rely on previous rulings or designations in the Cumulative List of Organizations (Publication 78), or on the presumption arising from the filing of notices under section 508(b) of the Code. This listing does not indicate that the organizations have lost their status as organizations described in section 501(c)(3), eligible to receive deductible contributions.

Former Public Charities . The following organizations (which have been treated as organizations that are not private foundations described in section 509(a) of the Code) are now classified as private foundations: Alternatives for Area Youth, P.O. Box

571, Manistee, MI American Friends of Machon Hasbara,

940 Leader Bldg., Cleveland, OH Awakenings, Inc., Southgate, MI Blanchester Friends Housing, Inc., Wilmington, OH Christian Koinonia, Inc., Miami, FL Chrysalis Systems, Inc., Oakland, MI City Lutherans in Action, Chicago, IL Clinton County Family Resource Center,

Inc., Saint John, MI Columbus Metro Soccer Association, Dublin, OH Covenant Blu Community Development,

St. Louis, MO

Dentistry for Friends in Need Inc., Beavercreek, OH Euclid Black Caucus, Euclid, OH Family Planning Council of Nebraska,

Inc., Grand Island, NE Fayette County Drug Alliance Families

in Action Inc., Somerville, TN Fighting Chance for Children Inc., Omaha, NE Flint Police Athletic League (PAL), Flint, MI Forty for the Future Inc., Research Tri angle Park, NC Friends of David Walker Inc., Wilmington, NC Gastonia Sister Cities Committee Inc.,

Gastonia, NC Gentry High School Academic Booster

Club, Gentry, AR Great Lakes Aquarium & Research Cen ter Inc., Muskegon, MI Greater Atlanta Billy Graham Crusade

Inc., Atlanta, GA Greater Mount Airy Emergency Rescue

Squad Inc., Mount Airy, NC Greater White Stone Missionary Baptist

Church Fdn Inc., Memphis, TN Gresham Environmental Center Inc., Knoxville, TN Hamilton County Leadership Academy

Inc., Carmel, IN Heavens Grocery Store Inc., Lithonia,

GA Hiwassee Dam Eagle Booster Club, Murphy, NC Holland Village, Inc., Jersey City, NJ Hopkinsville Christian Cty Youth League, Inc., Hopkinsville, KY HOW Inc., Toledo, OH Howard University Alumni Association Atlanta Club, Atlanta, GA Human Growth Corporation, Nashville,

TN International Photographic Arts Founda tion Inc., Camden, ME Iowa Education Coalition, Newton, IA Johnston County Finance Corp., Smithfield, NC Kentuckians for Informed Decisions, Inc., Frankfort, KY Kentucky World Organization of China

Painters, Inc., Nicholasville, KY Kids for Progress Inc., Mobile, AL Kimberly House, High Point, NC Lawrence Kiwanis Sunrise Inc. Scholar ship Foundation, Lawrence, IN Learning Care, Inc., Lansing, MI Life Management Inc., Cleveland, TN Lonesome Pine Special Trail Corp, Bristol, VA LSAA, Marquette, MI Marcel Moyse Society Inc., Baltimore,

19 1996–29 I.R.B.

If an organization listed above submits information that warrants the renewal of its classification as a public charity or as a private operating foundation, the Internal Revenue Service will issue a ruling or determination letter with the revised classification as to foundation status. Grantors and contributors may thereafter rely upon such ruling or determination letter as provided in section 1.509(a)–7 of the Income Tax Regulations. It is not the practice of the Service to announce such revised classification of foundation status in the Internal Revenue Bulletin.

Saint Luke Outreach Inc., Laurinburg,

NC S C O G Child Development Center,

Chicago, IL Scouts Center, Inc., Converse, IN Shoreview Arden Hills Loins Club School District 621 Fdtn, Fridley, MN Sociedad Biblica De Puerto Rico E Islas

Virgenes Inc., Bayamon, PR Southern Michigan Association for the

Education Of Young Children, Jackson, MI SRI-Lanka Ranga Kala Kavaya, Wash ington, DC Steps to Potentials, Ludington, MI

Stone Creek Ministries, Creal Springs,

IL Teamster Retiree Housing of St. Louis,

Inc., Beachwood, OH Tiffin Area Babe Ruth League, Inc.,

Tiffin, OH Time Corners Optimist Foundation of

Fort Wayne Indiana, Inc., Fort Wayne, IN Vegan Action Incorporated, Madison, WI War Cloud—Lone Wolf Foundation, Inc., Cleveland, OH We Care Network, Inc., Columbus, OH Whitely Productions Inc., Mentor, OH

1996–29 I.R.B. 20