Bulletin No. 2004-33 August 16, 2004

Notice 2004–54, page 209. This notice provides that paid preparers will be permitted to sign original returns, amended returns, or requests for filing extensions by rubber stamp, mechanical device (such as signature pen), or computer software program.

Rev. Proc. 2004–49, page 210. This procedure grants relief to S corporations that had a QSub election of a subsidiary terminate as a result of a transfer described in Situation 2 of Rev. Rul. 2004–85.

Rev. Proc. 2004–51, page 294. Like-kind exchanges using qualified exchange accom- modation arrangements. This procedure modifies Rev. Proc. 2000–37, 2000–2 C.B. 308, to provide that the safe harbor of Rev. Proc. 2000–37 does not apply to replacement property held in a qualified exchange accommodation arrangement if the property is owned by a taxpayer within the 180–day period ending on the date of transfer of qualified indicia of ownership of the property to an exchange accommodation titleholder. Rev. Proc. 2000–37 modified.

EXEMPT ORGANIZATIONS

Announcement 2004–65, page 300. Heritage Resources II, Inc., of Mercer, PA and Total Impact Center for Youth, of Houston, TX, no longer qualify as organizations to which contributions are deductible under section 170 of the Code.

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ADMINISTRATIVE

Notice 2004–54, page 209. This notice provides that paid preparers will be permitted to sign original returns, amended returns, or requests for filing extensions by rubber stamp, mechanical device (such as signature pen), or computer software program.

Rev. Proc. 2004–50, page 211. Electronic filing; magnetic media; 2004 form specifica- tions. Specifications are set forth for the electronic or magnetic filing of 2004 Forms 1098, 1099, 5498, and W–2G. Rev. Proc. 2003–52 superseded.

August 16, 2004 2004–33 I.R.B.