ADMINISTRATIVE

Rev. Proc. 99–14, page 56. Automobile owners and lessees. This procedure provides owners and lessees of passenger automobiles (including electric automobiles) with tables detailing the limitations on depreciation deductions for automobiles first placed in service during calendar year 1999 and the amounts to be included in income for automobiles first leased during calendar year 1999. In addition, this procedure provides the maximum allowable value of employer-provided automobiles first made available to employees for personal use in calendar year 1999 for which the vehicle cents-per-mile valuation rule provided under section 1.61–21(e) of the Income Tax Regulations may be applicable.

Notice 99–8, page 26. This notice announces that the Service will make certain changes to the section 1441 withholding regulations, and provides the text of a model qualified intermediary withholding agreement.

Announcement 99–11, page 64. This announcement provides guidance for 1997–1998 fiscal year filers of the 1997 Schedule D for Forms 1040, 1041, 1065, and 1120S.

Announcement 99–12, page 65. Rev. Proc. 98–44, 1998–32 I.R.B. 11, Specifications for Filing Forms 1042–S, Foreign Person’s U.S. Source Income Subject to Withholding, Magnetically/Electronically, is corrected.