ADMINISTRATIVE

Notice 2001–70, page 437. Additional disaster relief for taxpayers on account of the September 11, 2001, terrorist attack; deprecia- tion, mid-quarter convention relief. This notice announces that the Treasury Department and the IRS intend to issue regulations permitting taxpayers to elect not to apply the mid-quarter convention rules contained in section 168(d)(3) of the Code to certain property placed in service in the tax year that includes September 11, 2001. This notice also provides guidance on making the election before regulations are issued.

Rev. Proc. 2001–50, page 437. Rules and specifications for private printing of substi- tute forms. This procedure provides requirements for reproducing paper substitutes and for furnishing substitute recipient statements for Forms 1096, 1098, 1099, 5498, W-2G, and 1042-S. It will be reproduced as the next revision of Publication 1179. Rev. Proc. 2000–28 superseded.

Announcements of Declaratory Judgment Proceedings Under Section 7428 begin on page 487. Finding Lists begin on page ii. Index for July through October begins on page iv.

Department of the Treasury Internal Revenue Service