INCOME TAX

Rev. Rul. 99–9, page 14. LIFO; price indexes; department stores. The December 1998 Bureau of Labor Statistics price indexes are accepted for use by department stores employing the retail inventory and last-in, first-out inventory methods for valuing inventories for tax years ended on, or with reference to, December 31, 1998.

T.D. 8792, page 36. Final regulations under section 7702B of the Code relate to consumer protection with respect to qualified long-term care insurance contracts and relate to events that will result in the loss of grandfathered status for long-term care insurance contracts issued prior to January 1, 1997.

T.D. 8793, page 15. REG–111435–98, page 55. Temporary and proposed regulations under sections 6103 and 6311 of the Code authorize the Secretary of the Treasury to accept payment of internal revenue taxes by credit card or debit card.

T.D. 8809, page 27. REG–117620–98, page 59. Temporary and proposed regulations under section 6330 of the Code relate to the provision of notice to taxpayers of a right to a hearing before levy. A public hearing will be held on June 15, 1999.

T.D. 8810, page 19. REG–116824–98, page 57. Temporary and proposed regulations under section 6320 of the Code relate to the provision of notice to taxpayers of the filing of a notice of federal tax lien (NFTL).