ADMINISTRATIVE

T.D. 8942, page 929. REG–107186–00, page 973. Temporary and proposed regulations under sections 6041, 6050S, 6051, and 6714 of the Code relate to the voluntary electronic furnishing of payee statements to individuals for whom Forms W-2, 1098-E, and 1098-T are filed. A public hearing on the proposed regulations is scheduled for June 4, 2001.

LR–230–76, page 945. This document withdraws proposed regulations under section 367(c) of the Code that correspond to temporary regulations that are also being removed by T.D. 8938 in this

Bulletin. These regulations are being removed because they are no longer necessary and, as a result, may be misleading.

REG–106446–98, page 945. Proposed regulations under section 6015 of the Code provide guidance to married taxpayers who elected to file a joint return and are seeking relief from joint and several liability. A public hearing is scheduled for May 30, 2001.

Notice 2001–25, page 941. This notice provides a method for transferring the estimated tax payments made by an electing small business trust (ESBT) to the account of the deemed owner of the ESBT. The estimated tax payments made by the trust will be treated as a payment of estimated tax made by the deemed owner of the ESBT on Janaury 15, 2001. For purposes of the annualized income installment method of section 6654(d)(2)(B) of the Code, the deemed owner may take into account, as of the last day of the deemed owner’s 2000 taxable year, all S corporation items allocable to stock held by the ESBT.

Notice 2001–26, page 942. This notice allows electing section 645 trusts to use the reporting method described in Rev. Proc. 98–13, 1998–1 C.B. 370, or the reporting method described in sections 1.645–1(d)(i) and (ii)(A) of the proposed regulations.

Announcement 2001–28, page 975. This announcement contains corrections to proposed regulations (REG–106702–00, 2001–4 I.R.B. 424) regarding the determination of basis of a partner’s interest.

March 26, 2001 2001–13 I.R.B.