INCOME TAX—Continued — Internal Revenue Bulletin 1998-36

Classification settlement program:

Investment—Continued

Extended until further notice (Notice

Qualification (Notice 29) 22, 8 ;

CODAs (RR 30) 25, 8 Qualification:

15, 14 Common Trust Funds, unrelated business

Church plans (Notice 39) 33, 11 Recovery of basis; retirees (Notice 2)

6, 6 ; March 1998 (RR 11) 10, 13 ; April 1998 (RR 18) 14, 22 ; May (RR 23) 18, 5; June 1998 (RR 28) 22, 5; July 1998 (RR 33) 27, 26 ; August 1998 (RR 36) 31, 6 Rates, underpayments and overpay

taxable income (RR 41) 35, 6 Deductions:

When taken:

All events test; accrued cooperative

2, 22 Section 457 model amendments (RP

32, 7 Section 457 ruling program (RP 40)

advertising expenses (RR 39) 33, 4 Definition of former Indian reservations

in Oklahoma (Notice 45) 35, 7 Disclosure authorization list (RP 43) 29, 8 Domestic assets/liability and investment

yield percentages (RP 31) 23, 9 Education loans (Notice 7) 3, 54 Effective date of consolidated overall for eign loss provisions (Notice 40) 35, 7 Elections under section 7704(g) (Notice

32, 6 SIMPLE-IRAs (Notice 4) 2, 25 Technical advice (RP 5) 1, 155 User fees (RP 8) 1, 225 Enhanced oil recovery credit (Notice 41)

ments (RR 17) 13, 21; calendar quarter beginning July 1, 1998 (RR 32) 25, 4 Inventory:

LIFO:

Price indexes; department stores for

33, 12 Environmental cleanup costs; letter

rulings (RP 17) 5, 21 Exempt Organizations:

estimating inventory shrinkage (RP 29) 15, 22 Letter rulings, determination letters, and

information letters issued by Associate Chief Counsel (Domestic), Associate Chief Counsel (EBEO), Associate Chief Counsel (Enforcement Litigation), and Associate Chief Counsel (International) (RP 1) 1, 7 Losses attributable to a disaster during

1997 (RR 12) 10, 5 Low-income housing tax credit (Notice

November 1997 (RR 6) 4, 4 ; December 1997 (RR 9) 6, 5; January 1998 (RR 16) 13, 18 ; February 1998 (RR 20) 15, 8 ; March 1998 (RR 26) 21, 4; April 1998 (RR 29) 24, 4; May 1998 (RR 35) 30, 4 ; June 1998 (RR 42) 35, 5 Shrinkage estimates:

3, 48 Electronic Federal Tax Payment System:

Batch filers and bulk filers (RP 32) 17,

Letter rulings, etc. (RP 4) 1, 113 Organizations excepted from reporting

lobbying expenditures (RP 19) 7, 30 Tax consequences of physicians re

Changing method of accounting for

11 Electronic funds transfer; failure to de

Specifications for 1998 Forms 1098,

posit penalty (Notice 30) 22, 9 Employee plans:

Administrative programs; closing

agreements (RP 22) 12, 11 Determination letters (RP 6) 1, 183 ;

(RP 14) 4, 22 Discrimination; CODAs (Notice 1) 3,

42 Eligible deferred compensation plans

(Notice 8) 4, 6 Group health plans; COBRA continua tion coverage; HIPAA portability (Notice 12) 5, 12 Net unrealized appreciation; capital

6, 19 ; (RP 45) 34, 8 Satisfactory bond; “bond factor”

gains (Notice 24) 17, 5 Funding:

Full funding limitations, weighted

cruitment incentives provided by hospitals (RR 15) 12, 6 Technical advice (RP 5) 1, 155 User fees (RP 8) 1, 225 Failure to deposit federal tax; penalty

abatement (Notice 14) 8, 27 Foreign partnerships, reporting transfer of

property by U.S. persons (Notice 17) 11, 6 Foreign tax credit abuse (Notice 5) 3, 49 Fringe benefits aircraft valuation formula,

first half of 1998 (RR 14) 11, 4; second half of 1998 (RR 40) 33, 4 Fuel from a nonconventional source,

credit; section 29 inflation adjustment; reference price for 1997 (Notice 28) 19, 7 Hybrid arrangements, treatment under

subpart F (Notice 35) 27, 35 Insurance companies:

amounts for the period October through December 1997 (RR 3) 2, 4; January–March 1998 (RR 13) 11, 4; April-June 1998 (RR 31) 25, 4 Magnetic media/electronic filing:

average interest rate for January 1998 (Notice 9) 4, 8; February 1998 (Notice 15) 9, 8; March 1998 (Notice 18) 12, 11 ; April 1998 (Notice 26) 18, 14; May 1998 (Notice 32) 22, 23; June 1998 (Notice 33) 25, 10; July 1998 (Notice 37) 30, 13; August 1998 (Notice 44) 34, 7 Letter rulings, etc. (RP 4) 1, 113 Limitations on benefits and contribu tions (RR 1) 2, 5 Minimum Funding Standards (RP 10)

Investment:

Federal short-term, mid-term, and

Differential earnings rate and recom puted differential earnings rate for mutual life insurance companies (RR 38) 32, 4 Discounting estimated salvage recover able (RP 12) 4, 18 Interest rate tables (RR 2) 2, 15 Loss reserves; discounting unpaid

1099, 5498, and W–2G (RP 35) 19, 6 Form 1040NR (RP 36) 23, 10 Marginal production rates (Notice 42) 33,

12 Methods of accounting; involuntary

changes (Notice 31) 22, 10 Package design; amortization; capitaliza tion; amortizable section 197 intangible (RP 39) 26, 36 Passive foreign investment companies:

losses (RP 11) 4, 9 Interest:

Shareholders may use rules of sec.

2, 35 Minimum:

1.1295–1T(b)(4), (f), and (g) to taxable years beginning before January 1, 1998 (Notice 22) 17, 5

Remedial amendments (RP 42) 28, 9

long-term rates for January 1998 (RR4) 2, 18 ; February 1998 (RR

1998–36 I.R.B. 41 September 8, 1998