GIFT TAX — Internal Revenue Bulletin 1998-40

Advance pricing agreements, small busi ness taxpayers (Notice 10) 6, 9 Article XIII (8) Rev. Proc. (RP 21) 8, 27 Automobile owners and lessees (RP 24)

10, 31 ; (RP 30) 17, 6

Nonstatutory stock option, transfer (RR

18, 7 Qualifying income interest, disposition

(RR 8) 7, 24 Valuation of compensatory stock options

26 CFR 1.6045–1T, –2T, removed; 1.6045–1, –2, amended; 301.6011–2, amended; 301.6011–2T, removed; magnetic filing requirements for information returns (TD 8772) 31, 8 26 CFR 31.6302–1(f)(4), 31.6302–1T, added; federal employment tax deposits de minimis rule (TD 8771) 29, 6

Ad valorem tax, export clause (Ct.D.

37, 4 Bows and arrows; taxable and nontaxable

articles (RR 5) 2, 20 Deposit of excise taxes, amendment (No tice 36) 29, 8 Federal excise taxes for consular officers

and employees, exemption (RR 24) 19, 6 Proposed regulations:

26 CFR 40.0–1T, added; 40.6011(a)– 1T, added; 40.6302(c)–2T, added; deposits of excise taxes (REG– 102894–97) 3, 59 26 CFR 48.4052–1, added; 48.4081–1, amended; 48.4082–6 through –10 and intermediary sections, 48.4091– 3, added; 48.4101–2, amended; 48.4101–3, 48.6427–10, –11, added; kerosene tax, aviation fuel tax, tax on heavy trucks and trailers (REG– 119227–97) 30, 13

(RP 34) 18, 15