Bulletin No. 2000–23 June 5, 2000

tax-free treatment because the mergers do not result in the combination of the assets and liabilities of two corporations pursuant to the state or federal merger law. A public hearing is scheduled for August 8, 2000.

REG–107644–98, page 1229. Proposed regulations under section 472 of the Code relate to the dollar-value last-in, first-out (LIFO) and inventory price index computation (IPIC) methods of accounting for inventories. A public hearing is scheduled for September 15, 2000.

Notice 2000–29, page 1241. Partnership options and convertible instruments. This notice invites public comment on the federal income tax treatment of the exercise of an option to acquire a partnership interest, the exchange of convertible debt for a partnership interest, and the exchange of a preferred interest in a partnership for a common interest in that partnership.