INCOME TAX

T.D. 8941, page 977. REG–114998–99, page 992. Final regulations under section 142(f)(4) of the Code provide rules for making the election to terminate tax-exempt bond financing for certain local furnishers. Temporary and proposed regulations under section 141 of the Code relate to special rules for output facilities. A public hearing on the proposed regulations is scheduled for July 24, 2001.

REG–115560–99, page 993. Proposed regulations under section 1092 of the Code concern qualified covered call treatment for equity options with flexible terms, equity options with standardized terms, and certain qualifying over-the-counter equity options. A public hearing is scheduled for May 9, 2001.

REG–101739–00, page 996. Proposed regulations under section 7701 of the Code (the check-the-box regulations) address the applicability of the elective federal tax classification regime to business entities wholly owned by a foreign government and to wholly owned nonbank entities of foreign banks. These regulations also provide that the term “entity” for purposes of section 892(a)(2)(B) of the Code includes a partnership. A public hearing is scheduled for May 16, 2001.

REG–104876–00, page 998. Proposed regulations under section 706 of the Code provide guidance on determining the taxable year of a partnership with foreign partners. A public hearing is scheduled for June 6, 2001.

Finding Lists begin on page ii. Index for January through March begins on page iv.

Department of the Treasury Internal Revenue Service