ADMINISTRATIVE

REG–209322–82, page 26. Proposed regulations under sections 6031 and 6063 of the Code revise the partnership filing requirement to reflect changes to the law made by the Taxpayer Relief Act of 1997 (TRA). LR–198–82, 1986–1 C.B. 778 is withdrawn. A public hearing will be held on May 19, 1998.

Rev. Proc. 98–27, page 15. This procedure provides guidance to foreign financial institutions that desire to enter into a withholding agreement with the Service in order to be treated as qualified intermediaries under new section 1.1441–1(e)(5) of the Income Tax Regulations. It describes the application procedures for becoming a qualified intermediary and the terms that the Service will ordinarily require in a withholding agreement.

Rev. Proc. 98–28, page 14. Qualified mortgage bonds; mortgage credit certifi- cates; national median gross income. Guidance is provided concerning the use of the national and area median gross income figures by issuers of qualified mortgage bonds and mortgage credit certificates in determining the housing cost/income ratio described in section 143(f)(5) of the Code. Rev. Proc. 97–26 is obsolete except as provided in section 5.02 of this revenue procedure.

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