Bulletin No. 2001–20 May 14, 2001

porations, partnerships, and investment funds) that make a qualified equity investment in a qualified community development entity that has received a new markets tax credit allocation may claim a five-percent tax credit on the investment amount for each of the first three years and a six-percent tax credit for each of the next four years.

Announcement 2001–50, page 1184. This document contains corrections to proposed regulations (REG–126100–00, 2001–11 I.R.B. 862) providing guidance on the reporting requirements for interest on deposits maintained at the U.S. office of certain financial institutions and paid to nonresident alien individuals.

Announcement 2001–51, page 1185. This document contains corrections to proposed regulations (REG–116050–99, 2000–48 I.R.B. 520) relating to the carryover of certain tax attributes, such as earnings and profits and foreign income tax accounts, when two corporations combine in a section 367(b) transaction.

Announcement 2001–52, page 1186. This document contains corrections to proposed regulations (REG–105235–99, 2000–44 I.R.B. 447) relating to the exclusion of gain from the sale or exchange of a taxpayer’s principal residence.

Announcement 2001–53, page 1186. This document contains corrections to final regulations (T.D. 8940, 2001–15 I.R.B. 1016) relating to deemed and actual asset acquisitions under sections 338 and 1060 of the Code.