Part IV. Items of General Interest

nization ceases to qualify under section 170(c)(2) if the organizaion has not timely filed a suit for declaratory judgment under section 7428 and if the contributor (1) had knowledge of the revocation of the ruling or determination letter, (2) was aware that such revocation was imminent, or (3) was in part responsible for or was aware of the activities or omissions of the organization that brought about this revocation.

If on the other hand a suit for declaratory judgment has been timely filed, contributions from individuals and organizations described in section 170(c)(2) that are otherwise allowable will continue to be deductible. Protection under section 7428(c) would begin on January 12, 1998, and would end on the date the court first determines that the organization is not described in section 170(c)(2) as more particularly set forth in section 7428 (c)(1). For individual contributors, the maximum deduction protected is $1,000, with a husband and wife treated as one contributor. This benefit is not extended to any individual, in whole or in part, for the acts or omissions of the organization that were the basis for revocation. Bainbridge Women’s Club

Employee Plans; Examination Guidelines

Announcement 98–1

The Internal Revenue Service has developed proposed examination guidelines for employee plans examiners to use when examining issues relating to employer deductions under § 404 of the Internal Revenue Code and the minimum funding standards under § 412. The guidelines provide technical background and guidance as to issues that should be considered during an examination. The guidelines are not intended to be all inclusive, and may be modified based on specific issues encountered by the examiners during an examination.

As with earlier examination guidelines, the Service is seeking public comments on the proposed guidelines before they are finalized for the Internal Revenue Manual.

Copies of these guidelines have been made available to the tax reporting services. The guidelines are also available from the Service. Requests for a copy of the examination guidelines may be submitted in writing to the following address:

Internal Revenue Service Assistant Commissioner (Employee

fied Stock Purchases, is available. It replaces Form 8023–A, Corporate Qualified Stock Purchases. Taxpayers can use new Form 8023 to make elections under section 338 of the Internal Revenue Code with respect to any qualified stock purchase (“QSP”) (as defined at section 338(d)(3)) occurring after 1996. For elections under section 338 with respect to any QSP occurring during 1997, taxpayers may use either the new Form 8023 or the old Form 8023–A. New Form 8023 can be downloaded from the Internet or the Internal Revenue Information Services, using a computer and modem, or ordered by telephone, as shown below.

Request by— Number or Address Internet: World Wide Web www.irs.ustreas.gov FTP ftp.irs.ustreas.gov Telnet iris.irs.ustreas.gov Computer and 703-321-8020 modem (modem settings are N, 8, 1) Telephone 800-TAX-FORM (800-829-3676)

Deletions from Cumulative List of Organizations Contributions to Which are Deductible Under Section 170 of the Code

Announcement 98–3

The names of organizations that no longer qualify as organizations described in section 170(c)(2) of the Internal Revenue Code of 1986 are listed below.

Generally, the Service will not disallow deductions for contributions made to a listed organization on or before the date of announcement in the Internal Revenue Bulletin that an organization no longer qualifies. However, the Service is not precluded from disallowing a deduction for any contributions made after an orga

Richmond, VA There to Care, Inc.

Toledo, OH

Plans and Exempt Organizations) Attention: CP:E:EP:FC Room 2236 Washington, DC 20224 Written comments on the guidelines may be submitted to the

above address on or before April 13, 1998 to the above address.

Items of General Interest

Form 8023 To Replace Form 8023–A

Announcement 98–2

New Form 8023, Election Under Section 338 for Corporations Making Quali

January 12, 1998 38 1998–2 I.R.B.