INCOME TAX — Internal Revenue Bulletin 2001-35

Rev. Rul. 2001–41, page 193. LIFO; price indexes; department stores. The June 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, June 30, 2001.

T.D. 8961, page 194. REG–103735–00, REG–110311–98, REG–103736–00, page 204. Temporary and proposed regulations provide the public with additional guidance to comply with the disclosure rules under section 6011(a) of the Code, the registration requirement under section 6111(d), and the list maintenance requirement under section 6112 applicable to tax shelters.

T.D. 8962, page 201. Final regulations amend section 301.7701–7 of the regulations to provide that certain listed trusts are deemed to satisfy the control test for treatment as domestic trusts for fed

Finding Lists begin on page ii.

Department of the Treasury Internal Revenue Service