EMPLOYEE PLANS

REG–118662–98, page 13. Proposed regulations under section 411 of the Code provide applicable standards for transmitting certain notices and consent through electronic media, and modify the timing requirements for providing certain distribution-related notices. A public hearing is scheduled for April 15, 1999.

Announcement 99–18, page 21. This announcement clarifies the reporting of conversions to Roth IRAs on Form 8606, Nondeductible IRAs. It clarifies the note in Part III of the form relating to the 10% additional tax. In addition, it corrects the computation of modified AGI for Roth IRAs and the Ed IRA contribution worksheet in the instructions to the form.