INCOME TAX

Accounting methods:

Automatic consent to change to a method under which a utility

may treat an up-front payment for network upgrades as not being taxable income when received (RP 35) 28, 76 Uniform capitalization of costs, environmental remediation

(RR 42) 28, 67 Arbitrage rebate payments:

Address change (Notice 52) 28, 75 Late payment (RP 40) 28, 83 Credits:

Health coverage tax credit (HCTC), miscellaneous issues

(Notice 50) 27, 14 Low-income housing credit:

Carryovers to qualified states, 2005 National Pool (RP 36)

28, 78 Safe harbor for extending low-income housing commit ments (RP 37) 28, 79 Satisfactory bond, “bond factor” amounts for the period

January through September 2005 (RR 44) 29, 87 Disaster relief grants, treatment with respect to gross income (RR

46. 30, 120 Disciplinary actions involving attorneys, CPAs, enrolled agents,

and enrolled actuaries (Ann 48) 29, 111 Forms:

W-4, specifications for filing electronically (RP 42) 30, 128 8027, Employer’s Annual Information Return of Tip Income and Allocated Tips, specifications for filing electronically or magnetically (RP 41) 29, 90 Information reporting, returns by donees relating to qualified in tellectual property contributions (TD 9206) correction (Ann 49) 29, 119 Insurance companies, tax on insurance companies other than life

insurance companies (RR 40) 27, 4 Insurance, qualification of arrangements as insurance, comments

requested (Notice 49) 27, 14 Interest:

Investment:

Federal short-term, mid-term, and long-term rates for:

July 2005 (RR 38) 27, 6 Rates, farm real property, special use value (RR 41) 28, 69 ;

correction (Ann 50) 30, 152 Taxpayer remedies when the Service fails to suspend interest

as required by section 6404(g) (RP 38) 28, 81 Inventory:

LIFO, price indexes used by department stores for:

May 2005 (RR 45) 30, 123 Judicial remedy for third person asserting wrongful levy (RR 49)

30, 125 New York Liberty Zone, election out of section 1400L(c), 5-year

property (RP 43) 29, 107 Obsoleting Rev. Proc. 64-54 and subsequent rulings (RR 43) 29,

88 Private foundations, organizations now classified as (Ann 46) 27,

63 Procedures for claiming section 482 setoffs (RP 46) 30, 142

2005–30 I.R.B. iv July 25, 2005