Bulletin No. 1999–52 — Internal Revenue Bulletin 1999-52

vice may use penalty mail to aid in the location and recovery of missing children.

Rev. Proc. 99–49, page 725. Methods of accounting; automatic consent. Procedures are provided under which a taxpayer may obtain automatic consent of the Commissioner to change certain methods of accounting. REv. Proc. 98–60 modified and superseded.

Rev. Proc. 99–51, page 760. This procedure amplifies section 5 of Rev. Proc. 99–3, which sets forth areas of the Code under the jurisdiction of the Associate Chief Counsel (Domestic) in which the Service will not issue advance rulings or determination letters. The following issue is added to those listed in section 5: Whether a state law limited partnership electing under section 301.7701–3 to be classified as an association taxable as a corporation has more than one class of stock for purposes of section 1361(b)(1)(D). Rev. Proc. 99–3 amplified.

Notice 99–59, page 761. Tax avoidance using distributions of encumbered prop- erty. Taxpayers and their representatives are alerted that the purported losses arising from certain types of transactions are not properly allowable for federal income tax purposes. Also, the Service may impose penalties on participants in these transactions or, as applicable on persons who participate in the promotion or reporting of these transactions.

Notice 99–60, page 762. Information reporting; royalty payments; Indians. Taxpayers are informed that the information reporting requirements of section 6050N of the Code do no apply to payments of royalties that are not subject to income tax because they are derived directly by a noncompetent Indian from allotted and restricted land under the General Allotment Act of similar acts.

Announcement 99–116, page 763. This document corrects the Actions on Decisions published in 1999–35 I.R.B. 314. All 7 footnotes describing the “Acquiescence” or “Nonacquiescence” in each decision included the words “in result only,” which were erroneous. The correct footnotes are printed in this announcement.

Social Security Contribution and Benefit Base for 2000 on page 763. Finding Lists begin on page ii.

Department of the Treasury Internal Revenue Service