INCOME TAX

LIFO:

Price indexes, department stores, May 1997 (RR 28) 28, 4 Marginal production rates for 1997 (Notice

38. 27, 8 Proposed regulations:

Depreciation:

Retail motor fuels outlet (RR29) 28, 4 Elections into mark-to-market account

ing (Notice 37) 27, 8 Electronic or magnetic media filing:

Specifications for 1997 Forms 1098,

26 CFR 1.894–1(d), added; guidance regarding claims for certain income tax convention (REG–104893–97) 29, 13 Regulations:

26 CFR 1.894–1T(a) through (c), added; guidance regarding claims for certain income tax convention (TD 8722) 29, 4 26 CFR 1.6302–1, –2, amended; 1.6302–1T, –2T, –3T, –4T, removed; 1.6302–3(c), revised; 1.6302–4, added; federal tax deposits by electronic funds transfer (TD 8723) 30, 4 Tax forms and instructions:

Penalty:

(EFTPS); electronic remittance system for federal tax deposits and payments (RP 33) 30, 10 Treatment of Hong Kong and China (No

Electronic Federal Tax Payment System

Guidance regarding waiver of failure to

tice 40) 28, 6

deposit penalty for certain taxpayers required to begin using electronic funds transfer on or after July 1, 1997 (Notice 43) 30, 86

delegations; director, Employee Plans Division (DO 172(Rev. 5)) 28, 6 Enhanced oil recovery credit for 1997

Organizations, functions, and authority

(Notice 39) 27, 8

August 4, 1997 20 1997–31 I.R.B.