Part IV. Items — Internal Revenue Bulletin 2000-32

Dollar-Value LIFO Regulations; Inventory Price Index Computation Method; Correction

Announcement 2000–66

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice of proposed rulemaking.

SUMMARY: This document contains corrections to a notice of proposed rulemaking (REG–107644–98, 2000–23 I.R.B. 1229) which was published in the Federal Register on May 19, 2000 (65 F.R. 31841) relating to the dollar-value LIFO regulations.

FOR FURTHER INFORMATION CONTACT: Jeffery G. Mitchell at (202) 6224970 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

The proposed regulations that are the subject of these corrections are under section 472 of the Internal Revenue Code.

Need for Correction

As published, this notice of proposed rulemaking contains errors that may prove to be misleading and are in need of clarification.

Correction of Publication

Accordingly, the publication of the notice of proposed rulemaking (REG– 107644–98), which was subject to FR. Doc. 00–12174, is corrected as follows:

On page 31844, column 1, in the preamble under the paragraph heading “New Base Year for IPIC Method Changes ”, line 1, the language “Section 1.472–8(e)(vi) requires a” is corrected to read “Section 1.472–8(e)(3)(vi) requires a”.
On page 31849, column 1, §1.472–8 (e)(3)(iii)(F), paragraph (xii) of Example 1., line 2, in the paragraph heading, the language “ the 1997 taxable year . R computes the” is corrected to read “ the 1998 taxable year . R computes the”.
On page 31849, column 2, §1.472–8 (e)(3)(iii)(F), paragraph (xiii) of Example

1., fourth line from the bottom of paragraph, the language “inventory at the end of the 1997 taxable year” is corrected to read “inventory at the end of the 1998 taxable year”.

On page 31850, column 1, §1.472–8 (e)(3)(iii)(F), paragraph (vi) of Example 2., line 2, in the paragraph heading, the language “ the 1997 taxable year . R computes the” is corrected to read “ the 1998 taxable year. R computes the”.
On page 31850, column 2, §1.472–8 (e)(3)(iv)(A), second line from the bottom of column, the language “election of an appropriate representative” is corrected to read “election of a representative appropriate”.
On page 31852, column 1, §1.472–8 (e)(3)(iv)(C)( 2 )( ii ), paragraph (ii) of Exam- ple., sixth line from the bottom of the paragraph, the language “($241,980.60 * 1.438793), Finally, the” is corrected to read “($124,180.60 * 1.438793). Finally, the”.
On page 31852, column 1, §1.472–8 (e)(3)(iv)(C)( 2 )( ii ), paragraph (ii) of Ex- ample., fourth line from the bottom of the paragraph, the language “sold and increases Y’s gross income for the” is corrected to read “sold and increase Y’s gross income for the”.

Cynthia E. Grigsby, Chief, Regulations Unit, Office of Special Counsel (Modernization and Strategic Planning).

(Filed by the Office of Federal Register on July 18, 2000, 8:45 a.m., and published in the issue of the Federal Register for July 19, 2000, 65 F.R. 44709)

Foundations Status of Certain Organizations

Announcement 2000–67

The following organizations have failed to establish or have been unable to maintain their status as public charities or as operating foundations. Accordingly, grantors and contributors may not, after this date, rely on previous rulings or designations in the Cumulative List of Organizations (Publication 78), or on the presumption arising from the filing of notices under section 508(b) of the Code. This listing does not indicate that the organizations have lost their status as organiza

tions described in section 501(c)(3), eligible to receive deductible contributions.

Former Public Charities. The following organizations (which have been treated as organizations that are not private foundations described in section 509(a) of the Code) are now classified as private foundations:

Alms for the Poor Corporation,

Naples, FL American Freedom Housing,

Clearwater, FL Americas Toys of the World Museum,

Pawtucket, RI Associated Builders & Contractors

Western Oklahoma Inc., Training Fund, Oklahoma City, OK M.L. Carr Foundation, Inc., Peabody, MA Center for the Study of the Person & the

Advancement of Human Rights, San Diego, CA Chicago Philharmonic Orchestra,

Chicago, IL Children’s Community Corner,

Cleveland, OH Choices Community Childcare Resource,

Orlando, FL Choices Unlimited, Inglewood, CA Citizens Landmark Preservation,

Chicago, IL Cleburne County Schools Foundation,

Heflin, AL Cloverwood Development Corporation,

Rochester, NY Community Education Services, Inc.,

Greentown, IN Contra Costa Boys Development Center,

Pittsburg, CA Creative Assistance Development, Inc.,

Elgin, IL DCL Foundation, Inc., Del City, OK De Best Shared Housing, Inc.,

Baltimore, MD James C. Dezendorf Charitable Trust,

Portland, OR Elk Valley Band, Estill Springs, TN Families in Crisis, Auburn, WA Foundation for the Residents of Sturgis,

Inc., Sturgis, SD Friends of the Holy Cross, Staunton, VA Frio Healthcare Foundation, Pearsall, TX Greater Nebraska City Medical Care

Foundation, Nebraska City, NE Harlem Volunteer Ambulance Corps,

Inc., New York, NY

August 7, 2000 160 2000–32 I.R.B.

Hmong-American Museum for the

Future, Inc., Wausau, WI Olive D. Hoffman Memorial, Inc.,

Southeastern Queens Youth Alternative,

Great Falls, VA Institute for Hindu Studies, Edmond, OK International Cinema Museum,

Glenview, IL International Soccer Club, Incorporated,

Hampton, VA J&W Adult Care, Inc., Los Angeles, CA Job Outreach for Youth, Chicago, IL Just-Cause Volunteer Services, Inc.,

New York, NY Lend-A-Hand Society, Inc., Fort Lee, NJ Les Grands Ballets De Loony, Inc.,

Inc., St. Albans, NY Strategies to Independence, Inc.,

N. Attleboro, MA Tampa Bay Inner City Youth Tennis

Academy, Inc., St. Petersburg, FL Texas Saltwater Association,

Inc., Little Rock, AR Tulsa Firefighters Educational Clowns,

Inc., Tulsa, OK Two Cities, St. Paul, MN USA Television Corporation,

Houston, TX Three in One Group Home, Inc.,

Oakland, CA Tribute 21 Foundation, Inc.,

New York, NY True Deliverance Worldwide Ministries,

New York, NY Les Paul Foundation, New York, NY Lifestream Foundation, St. Paul, MN Los Ayudantes de Naranja,

Newport Beach, CA Medical Media, Orem, UT Middlesex County Bar Foundation, Inc.,

LaPlace, LA Vietnam Veterans of America, Ohio State

Council, Inc., Columbus, OH Village Voice Obies Foundation, Inc.,

New York, NY West Virginia Local Health, Incorporated,

Cambridge, MA MTOTO, Inc., Brookpart, IL Nicos Playhouse II, Chicago, IL Northern Manhattan Legal Services

Corporation, New York, NY Oak Center Neighborhood Association,

Wellsburg, WV Tim Wynacht Ministries, Lakeport, CA World Pal, White Plains, NY

rulemaking cross-referenced temporary regulations published on the same day that provided that an individual federal income tax return completed as part of the Telefile Voice Signature test would be treated as a return that is signed, authenticated, verified and filed by the taxpayer as required by the Internal Revenue Code.

EFFECTIVE DATE: These regulations are effective July 18, 2000.

FOR FURTHER INFORMATION CONTACT: Beverly A. Baughman (202) 6224940 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

On December 27, 1993, the IRS issued proposed regulations (REG–209640–93) in the Federal Register (IA–38–93, 1994–1 C.B. 795 [58 F.R. 68335]) under sections 6012, 6061, and 6065 relating to the TeleFile Voice Signature test. The notice of proposed rulemaking cross-referenced temporary regulations (T.D. 8510, 1994–1 C.B. 280) published in the Federal Register for the same day (58 F.R. 68295). Although written comments and requests for a public hearing were solicited, no written or oral comments were received and no public hearing was requested or held. Because the applicable temporary regulations apply only to 1992 and 1993 calendar year returns, the IRS has decided not to finalize those regulations and, thus, is withdrawing the proposed regulations.

Withdrawal of Notice of Proposed Rulemaking

Accordingly, under the authority of 26 U.S.C. 7805, the notice of proposed rulemaking that was published in the Federal Register on December 27, 1993, (58 F.R. 68335) is withdrawn.

Robert E. Wenzel, Deputy Commissioner of

Internal Revenue .

(Filed by the Office of the Federal Register on July 17, 2000, 8:45 a.m., and published in the issue of the Federal Register for July 18, 2000, 65 F.R. 44491)

Oakland, CA Owens-Jones Academy for Enrichments,

Inc., Atlanta, GA Pejepscot Terrace Corporation,

Brunswick, ME Physicians for Prevention, Inc.,

Jackonsville, FL Plaza Community Playground, Inc.,

Baldwin, NY Prairie Center for Environmental

Learning and Living CELL, Inc., Hastings, NE REACH Responsible Enough to Achieve

Career Heights, Inc., Fayetteville, GA Reginald L. Blair Memorial Fund,

Sharon, VT Regional AIDS Interfaith Network of

Western New York, Buffalo, NY Regional Economic and Civic Team,

Farmington, MO Sailboat Bend Historical Trust, Inc., Fort

Lauderdale, FL Samuel and Lydia Clark Foundation, Inc.,

If an organization listed above submits information that warrants the renewal of its classification as a public charity or as a private operating foundation, the Internal Revenue Service will issue a ruling or determination letter with the revised classification as to foundation status. Grantors and contributors may thereafter rely upon such ruling or determination letter as provided in section 1.509(a)–7 of the Income Tax Regulations. It is not the practice of the Service to announce such revised classification of foundation status in the Internal Revenue Bulletin.

TeleFile Voice Signature Test

Announcement 2000–68

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Withdrawal of cross-referencing notice of proposed rulemaking.

SUMMARY: This document withdraws the notice of proposed rulemaking relating to the Telefile Voice Signature test that was published in the Federal Register on December 27, 1993. The notice of proposed

Syracuse, NY Science of Laws Institute, Poway, CA Soul Unlimited Outreach Ministries,

Silvus, IL Sound In Spirit Broadcasting, Inc.,

Oskaloosa, IA

2000–32 I.R.B. 161 August 7, 2000