INCOME TAX

T.D. 9112, page 523. Final regulations under section 42 of the Code remove an impediment to the electronic filing of Form 8609, “ Low-Income Housing Credit Allocation Certification .” Regulations section 1.42–1T(h) impeded electronic filing of the form by requiring a taxpayer to include a third-party signature from an authorized state or local housing credit agency official when filing the form. This regulation eliminates that requirement.

T.D. 9113, page 524. REG–167217–03, page 540. Final, temporary, and proposed regulations under section 6038A of the Code amend existing regulations to provide that a Form 5472 that is timely filed electronically is treated as satisfying the requirement timely to file a duplicate Form 5472 with the Internal Revenue Service Center in Philadelphia, Pennsylvania. The regulations affect corporations subject to the reporting requirements in sections 6038A and 6038C that file Form 5472 electronically. A public hearing on the proposed regulations is scheduled for May 27, 2004.

Notice 2004–15, page 526. This notice concludes that taxpayers may use the methodology set forth in Rev. Rul. 2002–62, 2002–2 C.B. 710, to determine penalty tax implications and whether a distribution from an annuity contract is part of a series of substantially equal periodic payments under section 72(q)(2) of the Code.

Finding Lists begin on page ii.