INCOME TAX

Rev. Rul. 2001–50, page 343. Built-in gains tax. The built-in gains tax under section 1374 of the Code will not apply to the timber, coal, and domestic iron ore transactions described in the four situations in the ruling.

T.D. 8965, page 344. Final regulations under sections 6221 through 6233 of the Code implement the unified partnership audit procedures.

REG–107151–00, page 370. Proposed regulations under section 1041 of the Code relate to the tax treatment of certain redemptions, during marriage or incident to divorce, of stock owned by a spouse or former spouse. A public hearing is scheduled for December 14, 2001.

Announcement 2001–101, page 374. This document informs issuers of tax-exempt bonds that, effective immediately, the Service will put into effect procedures to provide relief to issuers affected by the September 11, 2001, terrorist attack. Affected issuers are provided additional time to file forms required under section 149(e) of the Code and to make payments required under section 148(f) of the Code.

Finding Lists begin on page ii.

Department of the Treasury Internal Revenue Service