I N C O M E TA X —C o n t i n u e d

26 CFR 1.501(c)(5)–1, amended; taxexempt organizations, requirements (TD 8726) 34, 7 26 CFR 1.704–3, 1.1245–1, amended; allocations of depreciation recapture among partners in a partnership (TD 8730) 38, 16 26 CFR 1.861–2, 1.864–5, 1.871–7, 1.881–2, 1.884–1, 1.7701(1)–1; securities lending transactions, certain payments made (TD 8735) 43, 4 26 CFR 1.894–1T(a) through (c), added; guidance regarding claims for certain income tax convention (TD 8722) 29, 4 26 CFR 1.6038–2, 1.6046–1(g), 3 0 1 . 6 114–1, 301.7701(b)–0, –3, –7, –8; treaty-based return positions (TD 8733) 43, 8 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 26 CFR 301.6334–1, 301.6601–1, 301.6651–1, 1.6013–2(b)(1), amended; 301.6656–3, added; 301.7122–1(e), revised; 301.7430–0, –1, –2, –4, –5, amended; 301.7430–6, revised; miscellaneous sections affected by TBOR 2 and PRW O R A1996 (TD 8725) 37, 1 6 Tax forms and instructions:

tax credits (Notice 54) 41, 7

Automatic consent to change (RP 3 7 )

33, 18 Last-in, first-out inventory method (RP

36. 33, 14 Original issue discount (RP 39) 33, 48 Package design costs (RP 35) 33, 11 Warranty contracts (RP 38) 33, 43 Mutual life insurance companies; differ

ential earnings rate (RR 35) 35, 4 Optional rules for substantiating certain

travel etc., expenses (RP 45) 41, 10 Private delivery services; timely filing or

Electronic Federal Tax Payment Sys

payment (Notice 50) 37, 21 Proposed regulations:

26 CFR 1.263A–0, amended; rules for property produced in a farming business (REG–208151–91) 38, 2 1 26 CFR 1.401(b)–1; remedial amendment period (REG–106043–97) 37, 2 4

26 CFR 1.42–15, added; low-income housing tax credit, available unit rule (TD 8732) 42, 4 26 CFR 1.42–16, added; 1.42–16T, removed; low-income housing tax credit, federal grants (TD 8731) 42, 6 26 CFR 1.61–4, 1.162–12(a), 1.263A– 1, 1.471–6, amended; 1.263A–4T, revised; rules for property produced in a farming business (TD 8729) 38, 4 26 CFR 1.263A–0, –1, –15, amended; 1.263A, added; 1.263A–7T, removed; procedure for changing a method of accounting under section 263A (TD 8728) 37, 4 26 CFR 1.302–2, amended; 1.1059(e)(1), added; extraordinary dividends (TD 8724) 36, 4 26 CFR 1.401(b)–1, amended; 1.401( b ) – 1 T, added; remedial amendment period (TD 8727) 34, 5

tem (EFTPS); electronic remittance system for federal tax deposits and payments (RP 33) 30, 10 Taxpayer Browsing Protection Act (PL

105–35) 43, 13 Treatment of Hong Kong and China (No tice 40) 28, 6 Work Opportunity and We l f a r e - t o - Wo r k

1997–44 I.R.B. 135 November 3, 1997