INCOME TAX

Accuracy-related penalty, TD 8656 cor rection (Notice 55) 40, 6 Allocation of interest expense among tax payer’s expenditures (Notice 46) 34, 10 Automatic relief for S elections (RP 4 8 )

43, 19 Calculation of partner’s limited deficit

restoration obligation (RR 38) 38, 14 Changes to RP 96–11 (Notice 48) 37, 5 Consent to change accounting method to comply with section 475 mark-to-mar

erage interest rate, July 1997 (Notice 44) 31, 15 ; August 1997 (Notice 47) 35, 5 ; September 1997 (Notice 51) 38, 20; October 1997 (Notice 56) 43, 19 Enhanced oil recovery credit for 1997

(Notice 39) 27, 8 Extension of time to file, Form 926 (No tice 42) 29, 12 Forms 1096, 1098, 1099 series, 5498,

W – 2 G : Reproduction of forms; RP 97–32, mod

Railroad retirement:

Rate determination; quarterly (July 1,

ified and amplified (RP 97–32A) 34, 1 0 ; Requirements for reproducing paper substitutes (RP27) 27, 9 Fringe benefits aircraft valuation formula

(RR 33) 34, 4 Intercompany transactions on separate en

1997. 28, 5

Regulations:

26 CFR 31.0–1(a), 31.0–3(f), amended; 31.6302–1(h), added; 31.6302–1(i), redesignated; 31.6302–1T, removed; 31.6302(c)–3, amended; 31.6302–3T, removed; federal tax deposits by electronic funds transfer (TD 8723) 30, 4 26 CFR 301.6634–1, 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 A 1996 (TD 8725) 37, 1 6

tity basis (RP 49) 43, 22 Interest:

I n v e s t m e n t :

Federal short-term, mid-term, and

long-term rates for July 1997 (RR 27) 27, 4 ; August 1997 (RR 30) 31, 1 2 ; September 1997 (RR 36) 36, 5; October 1997 (RR 41) 40, 4 R a t e s :

November 3, 1997 134 1997–44 I.R.B.