ADMINISTRATIVE—continued

annual accounting periods under section 442 of the Code. Rev. Procs. 92–13, 92–13A, and 94–12 modified, amplified, and superseded.

Announcement 2000–4, page 317. Arbitration. Pursuant to section 7123(b)(2) of the Code, Appeals is conducting a 2-year test of a binding arbitration procedure. This announcement contains procedures that taxpayers may use to request binding arbitration for factual issues that are already in the Appeals administrative process and which are not docketed in any court. A public hearing is scheduled for April 5, 2000.

Notice 2000–5, page 314. Estimated taxes; penalties. Penalty relief is available for certain corporate taxpayers whose December 15, 1999, estimated tax installment was affected by section 571 of the Tax Relief Extension Act of 1999.

Notice 2000–6, page 315. Information reporting; barter exchanges. Pending the issuance of new regulations, a barter exchange is not required under section 6045 of the Code to report exchanges involving property or services with a fair market value of less than $1.00. Public comment is also invited on information reporting issues under section 6045 relating to barter exchanges in connection with the regulations.

2000–3 I.R.B. January 18, 2000