INCOME TAX—Cont.

LIFO recapture by corporations holding LIFO inventory indi rectly (TD 9210) 33, 290 ; correction (Ann 64) 37, 537 Joint return elections, section 6020 documents and waivers (RR

59. 37, 505 Judicial remedy for third person asserting wrongful levy (RR 49)

30, 125 Large business taxpayers, Compliance Assurance Process (CAP)

pilot program, reduction of taxpayer burden (Ann 87) 50, 1144 Letter rulings and determination letters:

Areas from which Associates Chief Counsel and Division

Counsel will not issue (RP 61) 37, 507 Issued by Associates Chief Counsel and Division Counsel,

no-rule areas (RP 68) 41, 694 Levied property, return in certain cases (TD 9213) 35, 440 Marginal production rates, 2005 (Notice 55) 32, 265 New York Liberty Zone, election out of section 1400L(c), 5-year

property (RP 43) 29, 107 Nonqualified deferred compensation plans, application of sec tion 409A (REG–158080–04) 43, 786 Nonresident alien individual’s filing requirement for U.S. source

effectively connected wages (Notice 77) 46, 951 Obsoleting Rev. Proc. 64-54 and subsequent rulings (RR 43) 29,

88 Optional standard mileage rates:

Effective September 1, 2005 (Ann 71) 41, 714 2006 rates (RP 78) 51, 1177 Partnerships:

Assumption of partner liabilities (TD 9207); correction (Ann

52. 31, 257 Installment obligations, treatment of property sold (TD 9193);

correction (Ann 62) 36, 495 Look-through entities or members of a consolidated group,

substantiality of partnership allocations (REG–144620–04) 50, 1141 Requirement to pay withholding tax on effectively connected

U.S. trade or business income allocable to foreign partners (REG–108524–00); correction (Ann 68) 39, 613 ; hearing date change (Ann 74) 42, 764 Payments to foreign partnerships and foreign simple or grantor

trusts, withholding and reporting of taxes (RP 77) 51, 1176 Penalties:

Disclosure on reports filed with Securities and Exchange

Commission (SEC) (RP 51) 33, 296 Substantial understatement, adequate disclosure (RP 75) 50,

1137 Per diem allowances, 2005-2006 (RP 67) 42, 729 Private foundations, organizations now classified as (Ann 46) 27,

63 ; (Ann 58) 33, 319 ; (Ann 60) 35, 455 ; (Ann 65) 38, 587 ; (Ann 67) 40, 678 ; (Ann 83) 45, 941 ; (Ann 85) 48, 1065 ; (Ann 89) 50, 1149 Procedures for claiming section 482 setoffs (RP 46) 30, 142 Proposed Regulations:

26 CFR 1.162(k)–1, added; 1.404(k)–2, –3, added; dividends paid deduction for stock held in employee stock ownership plan (ESOP) (REG–133578–05) 39, 610