INCOME TAX

Rev. Rul. 99–7, page 4. Deductibility of daily transportation expenses. This ruling provides the rules for determining whether daily transportation expenses incurred by a taxpayer in going between the taxpayer’s residence and a work location are deductible business expenses under section 162(a) of the Code.

T.D. 8791, page 7. Final regulations under section 664 of the Code relate to charitable remainder trusts and to special valuation rules for transfers of interests in trusts.

T.D. 8797, page 5. Final regulations relate to start-up expenditures for active trades or businesses under section 195 of the Code.

T.D. 8805, page 14. Final regulations and temporary regulations under sections 865 and 904 of the Code relate to the allocation of loss recognized on the disposition of stock and other personal property and the computation of the foreign tax credit limitation.