INCOME TAX—Continued INCOME TAX—Continued INCOME TAX—Continued

26 CFR 1.529–0 through –6 and intermediary sections, added; Qualified State Tuition Programs (REG– 106177–97) 37, 33 26 CFR 1.671–4, 1.6049–7, 301.6109– 1, amended; reporting requirements for widely held fixed investment trusts (REG–209813–96) 35, 9 26 CFR 1.702–1, 1.954–1, 301.7701–3, amended; 1.952–1(b), (c), redesignated 1.954–2(a)(5), (6), 1.954– 4(b)(2)(iii), 1.954–9, 1.956–2(a)(3), added (REG–104537–97) 16, 21 26 CFR 1.732–1, amended; 1.732–2, amended; 1.734–1(e), added; 1.743– 1, revised; 1.751–1, amended; 1.755–1, revised; 1.1017–1, revised; adjustments to basis of partnership property and partnership interest (REG–209682–94) 17, 20 26 CFR 1.864(b)–1; trading safe harbors (REG–106031–98) 26, 38 26 CFR 1.925(a)–1, (b)–1, added; 1.927(e)–1, amended; foreign sales corporation transfer pricing source and grouping rules (REG–102144– 98) 15, 25 26 CFR 1.936–1T, added; termination of Puerto Rico and possession tax credit, new lines of business prohibited (REG–115446–97) 36, 23 26 CFR 1.985–8, 1.1001–5, added; conversion to the euro (REG– 110332–98) 33, 18 26 CFR 1.1092(c)–1, added; equity options without standard terms, special rules and definitions (REG–104641– 97) 29, xx 26 CFR 1.1291–1, 1.1293–1, 1.1295–1, –3, 1.1297–3(c), added; 1.1296–4, amended; passive foreign investment company preferred shares, special income exclusion (REG–115795– 97) 8, 33 26 CFR 1.1361–0, amended; 1.1361–1, amended; 1.1361–1(d)(3), removed; 1.1361–2 through –6 and intermediary sections, added; 1.1362–0, amended; 1.1362–2, amended; 1.1362–8, added; 1.1368–0, amended; 1.1368–2(d)(2), amended; 1.1374–8(b), amended; S corporation subsidiaries (REG–251698–96) 20, 14 26 CFR 1.1366–1, –2, removed; 1.1366–0 through –5 and intermediary sections, added; 1.1367–0, –1, amended; 1.1367–3, removed;

1998 (RR 48) 39, 6 ; August 1998 (RR 51) 43, 4 Price indexes; inventory price com

putation method (RP 49) 37, 9 Shrinkage estimates:

Changing method of accounting for

rates to substantiate automobile expenses (REG–122488–97) 42, 19 26 CFR 1.72(p)–1, amended; loans to plan participants (REG–209476–82) 8, 36 26 CFR 1.83–6, 1.1032–2, amended; 1.1032–3, added; treatment of a disposition by one corporation of the stock of another corporation in a taxable transaction (REG–106221–98) 41, 10 26 CFR 1.141–7, 1.142(f)(4)–1, 1.150– 5, added; 1.141–8, –15, amended; obligations of states and political subdivisions (REG–110965–97) 13, 42 26 CFR 1.195–1, added; election to amortize start-up expenditures (REG–209373–81) 14, 26 26 CFR 1.356–6, added; reorganizations, nonqualified preferred stock (REG–121755–97) 9, 13 26 CFR 1.368–1, amended; corporate reorganizations, continuity of interest (REG–120882–97) 14, 25 26 CFR 1.401(a)(9)–1, amended; qualified plans and individual retirement plans, required distributions (REG– 209463–82) 4, 27 26 CFR 1.408A–0 through –9 and intermediary sections, added; Roth IRAs, questions and answers (REG–115393–98) 39, 34 26 CFR 1.417(e)–1 and paragraph (d), revised; 1.417(e)–1T and paragraph (d), revised; valuation of plan distributrions (TD 8768) 20, 4 26 CFR 1.460–6, amended; election not to apply look-back method in de minimis cases (REG–120200–97) 12, 32 26 CFR 1.469–10, revised; 1.7704–1, added; investment income, passive activity income and loss rules for publicly traded partnerships (REG–105163–97) 8, 31 26 CFR 1.475(g)–2, new; 1.482–8, added; 1.482–0, –1, –2, 1.863, 1.863–7(a)(1), 1.864–4, –6, 1.894–1, amended; 1.482–9, redesignated; global dealing operation allocation and sourcing of income and deductions among taxpayers (REG– 208299–90) 16, 26 26 CFR 1.513–7, added; travel and tour activities of tax exempt organizations (REG–121268–97) 20, 12

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 Lien for taxes; validity and priority against

third parties; judgment creditor (Ct.D. 2063) 36, 13 Losses attributable to a disaster during

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

13. 6, 19 ; (RP 45) 34, 8 Low-income housing credit:

HUD programs (RR 49) 40, 4 Satisfactory bond; “bond factor”

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; JulySeptember 1998 (RR 45) 38, 4 Magnetic media/electronic filing:

1998 Forms 1098, 1099, 5498, and W–2G specifications (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:

Shareholders may use rules of sec.

1.1295–1T(b)(4), (f), and (g) to taxable years beginning before January 1, 1998 (Notice 22) 17, 5 Private letter rulings under sections 877,

2107, and 2501(a)(3)(Notice 34) 27, 30 Proposed regulations:

26 CFR 1.32–3, added; EIC eligibility requirements (REG–116608–97) 29, 12 26 CFR 1.62–2(e)(2), revised; 1.62–2T, removed; 1.274–5, added; –5T, 1.274(d)–1, amended; substantiation of business expenses, use of mileage

1998–44 I.R.B. 25 November 2, 1998