INCOME TAX—Cont. INCOME TAX—Cont. INCOME TAX—Cont.

International operation of ships and aircraft,

income exempt from tax (RR 48) 42, 324 Inventory:

foreign trusts that have U.S. beneficiaries (TD 8955) 32, 101 26 CFR 1.684–1, through –5, added; recognition of gain on certain transfers to certain foreign trusts and estates (TD 8956) 32, 112 26 CFR 1.732–3, added; 1.1502–34, amended; special aggregate stock ownership rules (TD 8949) 28, 33 26 CFR 1.1502–78, amended; 1.1502–78T, removed; guidance on filing an application for a tentative carryback adjustment in a consolidated return context (TD 8950) 28, 34 26 CFR 1.6011–4T, amended; 301.6111–2T, amended; 301.6112 –1T, amended; modification of tax shelter rules II (TD 8961) 35, 194 26 CFR 1.6302–1, –2, revised; 301.6656–1, –2, removed; 301.6656 –3, redesignated as 301.6656–1; 602.101, amended; penalties for underpayments of deposits and overstated deposit claims (TD 8947) 28, 36 26 CFR 1.6302–1, –2, amended; 1.1461–1, amended; 1.1502–5(a)(1), amended; 1.6151–1(d)(1), amended; removal of Federal Reserve banks as federal depositaries (TD 8952) 29, 60 2 6 CFR 301.6103(j)(5)–1, added; 301.6103(j)(5)–1T, removed; disclosure of return information to officers and employees of the Department of Agriculture for certain statistical purposes and related activities, Census of Agriculture (TD 8958) 34, 183 26 CFR 301.6221 through 301.6233, modified; 602.101, amended; unified partnership audit procedures (TEFRA) (TD 8965) 43, 344 26 CFR 301.6323(j)–1, added; withdrawal of notice of federal tax lien in certain circumstances (TD 8951) 29, 63 26 CFR 301.7701–7, amended; classification of certain pension and employee benefit trusts, and investment trusts as domestic trusts for federal tax purposes (TD 8962) 35, 201 Section 1374 built-in gains:

LIFO:

Price indexes used by department

moved; 5f.442–1, removed; 18.1378–1, removed; changes in accounting periods (REG–106917–99) 27, 4 ; correction (Ann 86) 35, 207 26 CFR 1.1041–1T, amended; 1.1041–2, added; constructive transfers and transfers of property to a third party on behalf of a spouse (REG–107151–00) 43 , 370 26 CFR 1.1361–1, amended; qualified subchapter S trust election for testamentary trusts (REG–106431–01) 37, 272 26 CFR 1.1502–2, –3, –7, –8, –11, –21, –22, –75, –78, –79, withdrawn; withdrawal of proposed regulations relating to corporations filing consolidated returns (REG–100548–01) 29, 67 26 CFR 1.6011–4, amended; 301. 6111–2, amended; modification of tax shelter rules II (REG– 103735–00, REG–110311–98, REG–103736–00) 35, 204 Publication 1167, substitute forms, gen

stores for:

May 2001 (RR 35) 29, 59 June 2001 (RR 41) 35, 193 July 2001 (RR 44) 37, 223 August 2001 (RR 45) 42, 323 Liabilities assumed in certain corporate

transactions (TD 8964) 42, 320 Limitations on passive activity losses and

credits (Notice 47) 36, 212 Marginal properties, oil and gas produc tion, depletion, applicable percentages (Notice 53) 37, 225 Net operating loss, product liability losses

(CD 2072) 44, 379 Notional principal contract (NPC), con tingent nonperiodic payments (Notice 44) 30, 77 Partnerships:

Disguised sales of interests, request for

comments (Notice 64) 41, 316 Substitute forms requirements for part ner copy of Sch. K-1 of Forms 1065 and 1065-B (Ann 88) 36, 220 Unvested partnership profits interests

eral requirements (RP 45) 37, 227 Qualified intermediaries, audit guidelines,

withholding tax on nonresident aliens, foreign financial institutions (Notice 66) 44, 396 Railroad track maintenance costs, ac

(RP 43) 34, 191 Penalties for underpayments of deposits

and overstated deposit claims (TD 8947) 28, 36 Private delivery services, timely filing or

payment (Notice 62) 40, 307 Private foundations, organizations now

classified as (Ann 70) 27, 23 ; (Ann 72) 28, 39 ; (Ann 76) 29, 67 ; (Ann 78) 30, 87 ; (Ann 79) 31, 97 ; (Ann 84) 35, 206 ; (Ann 85) 36, 219 ; (Ann 89) 38, 291 ; (Ann 94) 39, 301 ; (Ann 97) 40, 310; ( Ann 100) 41, 317 ; (Ann 102) 42, 340 ; (Ann 105) 43, 376 ; (Ann 108) 44, 419 Proposed Regulations:

counting methods (RP 46) 37, 263 Recognition of gain on:

Certain distributions of stock or securi ties in connection with an acquisition (TD 8960) 34, 176 Certain transfers to foreign trusts and

estates (TD 8956) 32, 112 Refund or credit of overassessments, date

of allowance (RR 40) 38, 276 Regulations:

domestic iron ore transactions (RR 50) 43, 343

26 CFR 1.341–1(b), –2, –5, –4(a), –4(c), withdrawn; withdrawal of proposed regulations relating to collapsible corporations (REG– 100548–01) 29, 67 26 CFR 1.441–0 through –4, added; 1.441–1T through 4T, removed; 1.442–1, revised; 1.442–2T, –3T, removed; 1.706–1, amended; 1.706 –1T, removed; 1.898–4, amended; 1.1378–1, added; 5c.442–1, re

26 CFR 1.32–3, added; 1.32–3T, removed; 602.101(b), amended; eligibility requirements after denial of the earned income credit (TD 8953) 29, 44 26 CFR 1.301–1, amended; 1.301-1T, removed; liabilities assumed in certain corporate transactions (TD 8964) 42, 320 26 CFR 1.355–0, amended; 1.355–7T, added; guidance under section 355(e); recognition of gain on certain distributions of stock or securities in connection with an acquisition (TD 8960) 34, 176 26 CFR 1.679–0 through –7, added; 1.958–1, revised; 1.958–2, amended;

Tax applied to certain timber, coal, and

2001–45 I.R.B. vi November 5, 2001