Bulletin No. 1996–32 August 5, 1996

Announcement 96–69, page 38. A list is given of organizations now classified as private foundations.

Announcement 96–70, page 40. The Frank Nappi Foundation no longer qualifies as an organization to which contributions are deductible under section 170 of the Code.

ADMINISTRATIVE

Rev. Proc. 96–42, page 14. Requirements are set forth for reproducing paper substitutes for Forms 1096, 1098, 1099 series, 5498, and W–2G, and for furnishing substitute statements to form recipients. Rev. Proc. 89–42 superseded.

Notice 96–39, page 8. This notice states that the Service disagrees with the Eighth Circuit’s decision in Brown Group v. Commissioner 77 F.3d 217 (8th Cir. 1996), vacating and remanding 104 T.C. 105 (1995). Also, the Service intends to issue regulations under subpart F confirming that whether a controlled foreign corporation (‘‘CFC’’) partner’s distributive share of partnership income is subpart F income generally is determined at the CFC partner level.

Finding Lists begin on page 42. Announcement of Declaratory Judgment Proceedings Under Section 7428 on page 40. Monthly Index for July on page 44.