INCOME TAX—Continued

Inventory:

26 CFR 1.460–4, corrected; accounting for long-term contracts (Ann 65) 27, 9 26 CFR 1.671–2(e), revised; inbound grantor trusts with foreign grantors (REG–252487–96) 34, 303 26 CFR 1.904–5(k)(1), revised; 1.954– 0, –1, amended; 1.954–2(a)(5) and (a)(6), added; 1.954–9, added; under subpart F: withdrawal of guidance relating to partnerships and branches; new guidance relating to certain hybrid transactions (REG– 113909–98) 30, 125 26 CFR 1.1301–1, added; farm income averaging (REG–121063–97) 43, 540 26 CFR 1.1397E–1, amended; qualified zone academy bonds; obligations of states and political subdivisions (REG–105327–99) 29, 117 26 CFR 1.6109–2, paragraph (a), revised and paragraph (d), added; alternative identifying numbers for income tax return preparers (REG– 105237–99) 35, 331 26 CFR 301.6323(j)–1, added; withdrawal of notice of federal tax lien in certain circumstances (REG– 101519–97) 29, 114 ; public hearing (Ann 108) 46, 573 26 CFR 301.7122–1, added; compromise of tax liabilities (REG– 116991–98) 32, 242 Publications:

527, corrected (Ann 82) 32, 244 Qualified lessee construction allowances;

short term leases (REG–106010–98) 40, 493 Qualified zone academy bonds:

LIFO:

Price indexes; department stores for

May 1999 (RR 30) 28 , 24 ; June 1999 (RR 34) 33, 247; July 1999 (RR 31) 37, 410; August 1999 (RR42) 41, 497 ; September 1999 (RR 46) 45, 557 Litigation guideline memoranda (1/1/86 10/20/98), available for public inspection (Ann 81) 32, 244 Long-term contracts, accounting for (Ann

65. 27, 9 Low-income housing tax credit:

Housing Opportunities for Persons

With AIDS (RR 39) 38, 424 Satisfactory bond; “bond factor”

amounts for the period July through September 1999 (RR 38) 36, 335 Unused housing credit carryovers

under section 42(h)(3)(D) for 1999 (RP 33) 34, 301 Marginal production rates for 1999;

oil and gas (Notice 46) 37, 415 Meals, convenience of employer (Ann 77)

32, 243 Medical savings accounts:

Excess contributions (Ann 93) 36, 409 Pilot project “cut-off” data (Ann 95)

42, 520 Missing children photos (Ann 110) 46,

574 Nonrecognition exchanges, foreign per sons, U.S. real property interests (Notice 43) 36, 344 Original issue discount (OID):

Tables no longer on IRS electronic bul

letin board (Ann 71) 31, 223 Optional standard mileage rates; 2000

(RP 38) 43, 525 Partnership agreement amendments:

Cancellation of indebtedness (RR 43)

Credit rate (Notice 35) 28, 26 Credit rate and reimbursement rules

42, 506 Partnership returns:

Filing requirements:

Foreign and domestic partnerships

Private delivery services; timely filing or

payment (Notice 41) 35, 325 Private foundations, organizations classi fied as (Ann 64) 27, 7 ; (Ann 68) 28, 31 ; (Ann 70) 29, 118 ; (Ann 78) 31, 229 ; (Ann 83) 32, 245 ; (Ann 85) 33, 248 ; (Ann 80) 34, 310 ; (Ann 87) 35, 333; (Ann 88) 36, 407; (Ann 91) 37, 421; (Ann 92) 38, 433; (Ann 94) 39, 437; (Ann 96) 41, 504 ; (Ann 103) 43, 546 ; (Ann 105) 44, 555; (Ann 107) 45, 461; (Ann 109) 46, 573 Proposed regulations:

26 CFR 1.1(h)–1, added; 1.1223–3, added; 1.741–1, amended; capital gains, partnership, subchapter S, and trust provisions (REG–106527–98) 34, 304 26 CFR 1.110–1, added; qualified lessee construction allowances for shortterm leases (REG–106010–98) 40, 493 26 CFR 1.148–1(e), amended; definition of investment-type property for arbitrage and related restrictions applicable to tax-exempt bonds issued by state and local governments (REG–113526–98) 37, 417 26 CFR 1.148–5(e)(2)(iii), revised; 1.148–5(e)(2)(iv), removed; arbitrage restrictions applicable to tax-exempt bonds issued by state and local governments (REG–105565– 99) 37, 419 26 CFR 1.163–7, amended; 1.1275– 1(f), revised; 1.1275–2(d), revised; 1.1275(k), added; reopenings of Treasury securities and other debt instruments (REG–115932–99) 47, 583 26 CFR 1.338–0 through –3, revised; 1.338–4 and 1.338–5 redesignated as 1.338–8 and 1.338–9; 1.338–4 through 1.338–7, added; 1.338(b)–1, 1.338(b)–2T, and 1.338(b)–3T, removed; 1.338–10, added; 1.338(h)(10)–1 and 1.338(i)–1, revised; 1.1060–1, added; 1.1060–1T, removed; allocation of purchase price in deemed and actual asset acquisitions (REG–107069–97) 36, 346 26 CFR 1.355–0, amended; 1.355–7, added; recognition of gain on certain distributions of stock or securities in connection with acquisition (REG– 116733–98) 36, 392

(TD 8826) 29, 107 ; (REG–105327– 99) 29, 117 Regulations:

26 CFR 1.148–11, corrected; arbitrage restrictions on tax-exempt bonds (Ann 74) 30, 133 26 CFR 1.170A–12T, 1.7520–1T, corrected; valuation of annuities, interests for life or terms of years, and remainder or reversionary interests (Ann 47) 28, 29 26 CFR 1.367(e)–0T, –1T, –2T, removed; 1.367(e)–0, –1, –2, added;

(TD 8841) 48, 593 Magnetic media (TD 8843) 48, 590 Page numbers change in Internal Revenue

Bulletins (Ann 69) 28, 33 Payment of tax:

Credit cards and debit cards (Ann 75)

30, 134 Electronic funds transfer (TD 8828) 30,

120

1999–49 I.R.B. vi December 6, 1999