Part IV. Items — Internal Revenue Bulletin 1999-5

Foundations Status of Certain Organizations

Announcement 99–10

Cambridge Alliance Inc., Cambridge,

MA Camden Enterprises and Associates

Carr Fork Volunteer Fire Department

Incorporated, Litt Carr, KY Carteret AIDS Service Advocacy Inc.,

AKA CASA Inc., Beaufort, NC Cary Educational Foundation, Cary, NC Cassio Eastland Marrow Foundation,

The following organizations have failed to establish or have been unable to maintain their status as public charities or as operating foundations. Accordingly, grantors and contributors may not, after this date, rely on previous rulings or designations in the Cumulative List of Organizations (Publication 78), or on the presumption arising from the filing of notices under section 508(b) of the Code. This listing does not indicate that the organizations have lost their status as organizations described in section 501(c)(3), eligible to receive deductible contributions.

Former Public Charities. The following organizations (which have been treated as organizations that are not private foundations described in section 509(a) of the Code) are now classified as private foundations: C and C Outreach, Marrero, LA Cabin John Baseball Association Inc.,

Incorporated, Baltimore, MD Camp Chase Memorial Association Inc.,

Research Institute of Arizona Inc., Fountain Hills, AZ Canines Assisting People Inc., Tampa,

FL Canoeing for Kids, Columbia, SC Canus Games Inc., Auburn, NY Cape Cod Charities, S. Yarmouth, MA Cape Cod Wildlife Inc., Mashpee, MA Cape Verdean Cultural Preservation

Council Inc., Annandale, VA Capitol Area Parent Action, Austin, TX Capitol East Community Development

Philadelphia, PA Center for Asian Indian Newcomers, San

Galloway, OH Camp Excel, De Rio, TX Camp Grandir Inc., St. Paul, MN Camp Gruber Chapel Fund Inc.,

Oklahoma City, OK Cancer Foundation, Spokane, WA Campbell County Cancer Association

Florence, AL Castle Now and Beyond, Merced, CA Casual Classics, Gastonia, NC Catoosa Girls Softball Association,

Inc., Lafollette, TN Cancer Pain Relief-Utah Inc., Salt Lake

Catoosa, OK Cats Cause We Care Shelter Inc., Rising

Star, TX Cause Action Now Inc., New York, NY CCH Lincoln-Glenarm Housing Inc.,

City, UT Cancer Prevention and Treatment

Denver, CO C E Byrd Band Booster Club,

Francisco, CA Center for Biblical Values Inc., Grand

Shreveport, LA Cecil A Hill Memorial, Austin, TX Cedar Ridge Resident Council Inc.,

Houston, TX Celebration of Books, Huntsville, AL Celebration of Women, San Diego, CA C E Ministries Inc., Oklahoma City, OK Center City South Town Watch,

Bethesda, MD Caddo-Bossier Drop Your Guns Inc.,

Corporation, Washington, DC C A P O N-Cincinnati Area Pediatric

Shreveport, LA Calcasieu Chapter of the Louisiana

Rapids, MI Center for Character Education Inc.,

Council on Child Abuse, Lake Charles, LA Calcutta Rescue-USA, Memphis, TN Calhoun County Crime Stoppers Inc.,

Nurses, Cincinnati, OH Cardinal Scholarship Fund, East Orange,

NJ Care Con Foundation, Westerville, OH Care House Inc., Detroit, MI Care International Inc., Boston, MA Career Education Through Role Models,

Addicts, Phoenix, AZ Center for D U I Rehabilitation and

Skokie, IL Center for Counseling Alcoholics and

Port Lavaca, TX California Alliance Against Domestic

Violence, Modesto, CA California Association of Leadership

Denver, CO Caribbean American Community

Programs, Sunnyvale, CA California Council to Promote Self

Education Inc., Coral Gables, FL Center for Effective Organization, Austin,

TX Center for Environmental Initiatives Inc.,

Atlanta, GA Center for Gerontology Inc., Ft.

Lauderdale, FL Center for Human Advancement, El Paso,

Esteem and Responsibility, Davis, CA California Wellness Information

Comprehensive Center Inc., Brooklyn, NY Caribbean Cultural Association, Portland,

OR Caring & Loving All Special Persons

Network, Sacramento, CA CALQED, Sacramento, CA Calument Ecological Park Association,

Chicago, IL Calvary Chapel of Sparks, Sparks, NV Calvary Community Corporation,

Inc., Carlisle, MA Carnation-Duvall A S A P Together

Inc., Rexford, MT Caring Concepts Inc., Gonzales, TX Carlisle Center for Violence Prevention

TX Center for Indonesian Studies Inc.,

Sussex, WI Center for Investment Research, Plano,

Cincinnati, OH Calvert County Symphonic Orchestra

TX Center for Joyful Living, Thousand Oaks,

CA Center for Personal Exploration, Cedar

Boosters Club Inc., St. Leonard, MD Calvert Farmland Trust Inc.,

Huntingtown, MD Cambodian Society of Houston, Houston,

Community Task Force, Carnation, WA Carney Classic Foundation, Thorton, IL CAROB Foundation Inc., New York, NY Carolyn Darch Ministries Inc., Troy, MI Carpenters Home Improvement Inc.,

Milwaukee, WI

Rapids, IA Center for Rebuilding Americas Schools,

Palatine, IL Center for Social Research, Cambridge,

1999–5 I.R.B 63 February 1, 1999

Center for Spiritual Growths &

Prosperity Corp., New York, NY Center for the Development of Senior

Champlain Rifles, Fair Haven, VT Champlain Police Association,

Horizons, Detroit, MI Center for the New Millennium,

Minneapolis, MN Center for the Study of Tyranny Inc.,

Kensington, MD Center for the Study of Harassment of

African-American Inc., Washington, DC Center for Unlimited Possibilities Inc.,

Valparaiso, IN Center for Ventures in Girls Education

Champlain, MN Change the World Inc., Lawrenceville,

GA Changing Direction Inc., Bronx, NY Channel It Distribution Network Inc.,

Minneapolis, MN Charity Family Life, Richmond, VA Charlotte Als Research & Support

Inc., Wellesley, MA Centipede Artists Cooperative, Danbury,

Corporation, Charlotte, NC Charlotte County Hunger Program Inc.,

Drakes Branch, VA Charlton Pollard Alumni Association of

Northern Calif., San Francisco, CA Charter Educational Alternatives Inc.,

CT Central Arizona Charitable Trust,

Phoenix, AZ Central City Affordable Housing, Seattle,

Shutesbury, MA Chattanooga Basketball Foundation Inc.,

Chattanooga, TN Chattanooga Hamilton County

Neighborhood Network, Chattanooga, TN Chattanooga Youth Corp., Chattanooga,

WA Central Coast Support Services Inc.,

Monterey, CA Central Crisis Center, Melrose, MN Central Cultural Andino Inc., Central

Falls, RI Central High School Speech & Debate

Parents Club, Davenport, IA Central Maine Affordable Housing, Bar

TN CHBR League Inc., Gibbsboro, NJ Cheer-Dance America Inc., Lynn, MA Cherish Us Inc., Englewood, NH Chernobyl Childrens Foundation Inc.,

Brooklyn, NY Cherokee Heights Resident Management

Child Placement Professionals Inc., Ada,

OH Child Reach Foundation Inc., Dallas, TX Child Support Recovery Foundation,

Mesa, AZ If an organization listed above submits information that warrants the renewal of its classification as a public charity or as a private operating foundation, the Internal Revenue Service will issue a ruling or determination letter with the revised classification as to foundation status. Grantors and contributors may thereafter rely upon such ruling or determination letter as provided in section 1.509(a)–7 of the Income Tax Regulations. It is not the practice of the Service to announce such revised classification of foundation status in the Internal Revenue Bulletin.

Long-Term Capital Gain Treatment for Fiscal Year 1997–98 Individuals, Estates, Partnerships, and S Corporations

Announcement 99–11

Harbor, ME Central Maine Youth Hockey Assn.,

Greene, ME Central Ohio Rainforest Action Group,

Columbus, OH Central States Fair, Rapid City, SD Central Texas Lulac Council No. 4525,

Council Inc., Pryor, OK Chesapeake and Albemarle Railroad

Historical Society, Virginia Beach, VA Chesapeake Christian Marine Foundation

Waco, TX Central Virginia Therapeutic Riding

Inc., Baltimore, MD Chesapeake Research Institute Inc.,

The Internal Revenue Service Restructuring and Reform Act of 1998 (Public Law 105–206) amended section 1(h) of the Internal Revenue Code to modify the holding period for certain long-term capital gains. For sales, exchanges, etc., after December 31, 1997, property held more than 1 year (instead of more than 18 months) generally is eligible for the 10%, 20%, and 25% capital gains rates. The 28% rate will now apply only to the pre1998 gains, collectibles gains, and part or all of the gain from the sale or exchange of qualified small business stock.

The 1997 Schedules D and instructions used by 1997-98 fiscal year filers do not reflect the modified holding period for certain long-term capital gains. Therefore, fiscal year filers of the 1997 Schedule D for Forms 1040, 1041, 1065, and 1120S (individuals, estates, partnerships, and S corporations) should prepare that schedule as if the second bulleted item in the footnote following Part II of Schedule D were:

After July 28, 1997, and before Jan- uary 1, 1998, for assets held more than 1 year but not more than 18 months.

Programs Inc., Lynchburg, VA Centro Hispano Esperanza Inc., St. Croix,

VI C F M Help A Kid, Melville, NY Chabad Labavitch of Moscow, Brooklyn,

Columbia, MD Cheshire Interfaith Housing Inc.,

Cheshire, CT Chester AIDS Coalition, Chester, PA Chester High School Band Booster Club,

Vicinity, Providence, RI Cheyenne Indian Center, Cheyenne, WY Chicago Area Retinoblastoma Support

NY Chace Street School Foundation

Chester, SC Chevra Kadisha of Providence &

Charitable TR, Somerset, MA Challenge Inc., Bath, ME Challenged People Having Abilities

Needing Competitive Employment Inc., Milwaukee, WI Chamber Development Foundation Inc.,

Group, Harlingen, TX Chicago Bacchanal Carnaval Inc.,

Chicago, IL Chicago Institute of Holistic Medicine,

Chicago, IL Chicago-Metro Bassmasters, Chicago,

Lynn, MA Chamber Music Society of Seattle,

Seattle, WA Chambers Foundation Incorporated,

IL Chickamauga Historical Memorial Trust

Inc., Chickamauga, GA Child Abduction Prevention Services

Indianapolis, IN Champions for Kids Incorporated,

Inc., Pahrump, NV Child First United Inc., Plano, TX

Raleigh, NC

February 1, 1999 64 1999–5 I.R.B.

Instead of:

After July 28, 1997, for assets held more than 1 year but not more than 18 months. Fiscal year filers who have already filed a 1997–98 fiscal year return may need to file an amended return for that year to reflect this change in law.

Announcement 99–12

This announcement reflects information to be corrected in Rev. Proc. 98–44,

1998–32 I.R.B. (8/98), reprinted as Publication 1187, which describes the specifications for filing Form 1042-S, Foreign Person’s U.S. Source Income Subject to Withholding, Magnetically or Electronically.

A. Part B, Section 4.08(b) and Part E, Section 2.03(c)(2) incorrectly states the acceptable sizes of Quarter Inch Cartridges (QIC). Quarter Inch Cartridges with a size of QIC-11 or QIC-1350 are not acceptable.

B. Part B, Section 5.01(b)(2), incorrectly stated the save command for 5 ¹ ⁄4”

diskettes recorded using EBCDIC on an AS400 system. The correct statement should read, “The save command for AS400 is SAVS36F.”

C. Part B, Section 8, the last Note: “Apply the following formula to determine U.S. Federal Tax Withheld (field positions 374–384 of the “Q” Record). All Fields below are also in the “Q” Record:”

Under Income Codes 15 and/or 16 in the formula, “=Net Income Amount (440439)” should read “=Net Income Amount (440-4 4 9).”

1999–5 I.R.B 65 February 1, 1999