INCOME TAX

Rev. Rul. 2001–35, page 59. LIFO; price indexes; department stores. The May 2001 Bureau of Labor Statistics price indexes are accepted for use by department stores employing the retail inventory and last-in, first-out inventory methods for valuing inventories for tax years ended on, or with reference to, May 31, 2001.

T.D. 8951, page 63. Final regulations under section 6323 of the Code set forth limited circumstances under which the Service may withdraw a notice of federal tax lien. The regulations provide procedures for requesting the withdrawal of a notice and the notification of credit agencies, financial institutions, and creditors.

T.D. 8953, page 44. Final regulations under section 32 of the Code provide guidance to taxpayers who have been denied the earned income credit (EIC) as a result of the deficiency procedures and who wish to claim the EIC in a subsequent year.

REG–100548–01, page 67. This document withdraws proposed regulations (LR– 107–84, 1984–2 C.B. 902) under section 341 of the Code that relate to collapsible corporations and proposed regulations (LR–97–79, 1984–2 C.B. 821) under section 1502 of the Code that relate to corporations filing consolidated income tax returns.

Finding Lists begin on page ii.

Department of the Treasury Internal Revenue Service