Bulletin No. 1996–34 — Internal Revenue Bulletin 1996-34

make mark-to-market accounting inapplicable to most equity interests in related entities. A public hearing will be held on October 15, 1996.

CO–9–96, page 20. Proposed regulations under section 1059 of the Code relate to certain distributions made by corporations to certain corporate shareholders. A public hearing will be held on October 2, 1996.

PS–39–93, page 27. Proposed regulations under section 280B of the Code relate to deductions available upon demolition of a building. A public hearing will be held on October 9, 1996.

Announcement 96–76, page 29. Rev. Proc. 96–36, 1996–27 I.R.B. 11, which provides specifications for filing Forms 1098, 1099, 5498, and W–2G, is corrected.

Pub. L. 104–117, page 19. An Act to provide that members of the Armed Forces performing services for the peacekeeping efforts in Bosnia and Herzegovina, Croatia, and Macedonia shall be entitled to tax benefits in the same manner as if such services were performed in a combat zone, and for other purposes, is reproduced.

EXCISE TAX

Ct.D. 2060, page 5. Foreign insurance taxes. The Export Clause prohibits assessment of nondiscriminatory federal taxes on goods in export transit. United States v. International Busi- ness Machines Corp.