INCOME TAX — Internal Revenue Bulletin 1998-16

T.D. 8765, page 11. Final regulations under section 985 of the Code relate to adjustments required when a qualified business unit (QBU) that used the profit and loss method of accounting (P&L) in a post-1986 year begins to use the dollar approximate separate transaction method of accounting (DASTM) and adjustments required when a QBU that used DASTM begins using P&L.

T.D. 8766, page 17. REG–104062–97, page 20. Final, temporary, and proposed regulations under section 1502 of the Code relate to limitations on the use of certain tax credits and related attributes by corporations filing consolidated income tax returns. A public hearing on the proposed regulations will be held on May 7, 1998.

T.D. 8767, page 4. REG–104537–97, page 21. Final, temporary, and proposed regulations under section 954 of the Code relate to the treatment under subpart F of certain payments involving branches of a controlled foreign

Finding Lists begin on page 52.

Department of the Treasury Internal Revenue Service