INCOME TAX

Rev. Rul. 2005–73, page 1050. LIFO; price indexes; department stores. The September 2005 Bureau of Labor Statistics price indexes are accepted for use by department stores employing the retail inventory and last-in, first-out inventory methods for valuing inventories for tax years ended on, or with reference to, September 30, 2005.

T.D. 9229, page 1051. REG–144898–04, page 1062. Final, temporary, and proposed regulations under section 6081 of the Code relate to the simplification of procedures for obtaining automatic extensions of time to file certain returns. The temporary regulations allow individual income taxpayers and certain other taxpayers to obtain an automatic six-month extension of time to file certain returns by filing a single request. For these returns, the regulations also remove the requirements for a signature and an explanation of the need for an extension of time to file.

Notice 2005–88, page 1060. This notice provides procedures for corporations, electing small business corporations, and organizations required to file returns under section 6033 to seek a waiver of the requirement to electronically file Form 1120, U.S. Corporation Income Tax Return ; Form 1120S, U.S. Income Tax Return for an S Corporation ; Form 990, Return of Organization Exempt From Income Tax ; and Form 990–PF, Return of Private Founda- tion or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation .

Finding Lists begin on page ii. Index for July through November begins on page vi.