INCOME TAX

Notice 2000–56, page 393. This notice provides guidance under section 1032 of the Code on which entity is treated as the grantor and owner of a grantor trust when a parent corporation contributes its stock to a rabbi trust for the benefit of the employees of a subsidiary.

Rev. Proc. 2000–42, page 394. This procedure informs taxpayers of the information they must submit to request a closing agreement under section 1.1503–2(g)(2)(iv)(B) of the regulations to prevent the recapture of dual consolidated losses (DCLs) upon the occurrence of certain triggering events.

Rev. Proc. 2000–44, page 409. Insurance companies; loss reserves; discounting unpaid losses. The loss payment patterns and discount factors are set forth for the 2000 accident year. These factors will be used for computing discounted unpaid losses under section 846 of the Code.

Rev. Proc. 2000–45, page 417. Insurance companies; discounted estimated salvage recoverable. The salvage discount factors are set forth for the 2000 accident year. These factors will be used for computing estimated salvage recoverable under section 832 of the Code.

Announcement 2000–78, page 428. The Service is requesting comments on the proposed regulations regarding the monthly limit for transit passes and transportation, in a commuter highway vehicle, provided by an employer to employees under section 132(f) of the Code.

Finding Lists begin on page ii.

Department of the Treasury Internal Revenue Service