INCOME TAX

T.D. 8905, page 435. Final regulations relate to preparer due diligence requirements under section 6695(g) of the Code for determining earned income credit (EIC) eligibility.

REG–246249–96, page 439. Proposed regulations under sections 6041 and 6045 of the Code provide guidance on information returns for persons that make payments on behalf of another person or jointly to two or more payees, or in connection with certain sales involving investment advisers. A public hearing is scheduled for February 7, 2001.

REG–105235–99, page 447. Proposed regulations under section 121 of the Code relate to the exclusion of gain from the sale or exchange of a taxpayer’s principal residence. A public hearing is scheduled for January 23, 2001.

REG–108553–00, page 452. Proposed regulations under section 7701 of the Code relate to the classification of certain pension and employee benefit trusts and certain investment trusts as domestic trusts for federal tax purposes. A public hearing is scheduled for January 31, 2001.