SECTION 1. Purpose

This notice announces the extension of certain 2004 deadlines under revised §§ 1.6043–4T and 1.6045–3T of the Income Tax Regulations for filing Form 8806 and furnishing Form 1099–CAP to clearing organizations. This notice also provides information to filers of Forms 1099–CAP and 1099–B to assist in complying with the reporting requirements set forth in revised §§ 1.6043–4T and 1.6045–3T. The 2003 Forms 1099–CAP and 1099–B, and their instructions, do not reflect the provisions of the revised temporary regulations.