Bulletin No. 1999–17 April 26, 1999

the Code relate to public disclosure requirements applicable to tax-exempt organizations.

Rev. Proc. 99–21, page 18. Refunds and credits; period of limitations; financial disability. Taxpayers are informed about the information that is required under section 6511(h)(2)(A) of the Code in order to request suspension of the period of limitations under section 6511 for claiming a credit or refund of tax due to an individual taxpayer’s financial disability.

Notice 99–20, page 16. Electronic funds transfer; failure to deposit penalty. Taxpayers are informed that beginning July 1, 1999, certain taxpayers that deposited more than $200,000 in aggregate federal depository taxes during calendar year 1998 will be subject to the 10-percent failure to deposit penalty under section 6656 of the Code if those taxpayers fail to make deposits by electronic funds transfer. The Service will not, however, impose the section 6656 penalty on taxpayers that did not deposit more than $200,000 in aggregate federal depository taxes during calendar year 1998 solely for the failure to deposit by electronic funds transfer.