Announcement 2006–27

The following organizations have failed to establish or have been unable to maintain their status as public charities or as operating foundations. Accordingly, grantors and contributors may not, after this date, rely on previous rulings or designations in the Cumulative List of Organizations (Publication 78), or on the presumption arising from the filing of notices under section 508(b) of the Code. This listing does not indicate that the organizations have lost their status as organizations described in section 501(c)(3), eligible to receive deductible contributions.

New Form 8898, Statement for Individuals Who Begin or End Bona Fide Residence in a U.S. Possession , and its Instructions are Now Available

Announcement 2006–25

Beginning with tax year 2001, an individual with worldwide gross income of more than $75,000 must file Form 8898 for the tax year in which the individual becomes or ceases to be a bona fide resident of one of the following U.S. possessions: American Samoa, Guam, the Commonwealth of the Northern Mariana Islands, the Commonwealth of Puerto Rico, or the U.S. Virgin Islands. The form is required to be filed by Internal Revenue Code section 937, which was added by the American Jobs Creation Act of 2004 (Public Law 108–357), and Treasury Regulation section 1.937–1(h).

For married individuals, the $75,000 filing threshold applies to each spouse separately.

Individuals who are required to file Form 8898 generally must do so by the due date (including extensions) for filing Form 1040 or Form 1040NR. However, for tax years 2001 through 2005, Form 8898 must be filed by July 17, 2006. Individuals who have an extension to file their 2005 return must file Form 8898 for 2005 by the extended due date. Form 8898 must be filed by itself and not with Form 1040 or Form 1040NR.

Form 8898 and its instructions can be ordered by calling 1–800–829–3676 or can be downloaded at www.irs.gov .

Time and Manner of Making Section 163(d)(4)(B) Election to Treat Qualified Dividend Income as Investment Income; Correction

Announcement 2006–26

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Final regulations and removal of temporary regulations.

SUMMARY: This document contains a correction to temporary regulations (T.D. 9191, 2005–15 I.R.B. 854) that was published in the Federal Register on Friday, March 18, 2005 (70 FR 13100) relating to the time and manner of making section 163(d)(4)(B) election to treat qualified dividend income as investment income.

DATES: This correction is effective March 18, 2005.

FOR FURTHER INFORMATION CONTACT: Amy Pfalzgraf, (202) 622–4950 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

The final regulation (T.D. 9191) that is the subject of this correction is under section 163 of the Internal Revenue Code.

Need for Correction

As published, T.D. 9191, contains an error that may prove to be misleading and is in need of clarification.

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2006–18 I.R.B. 871 May 1, 2006

Knights of Columbus Council 1959

Scholarship Fund, Wolf Point, MI Leaders Loving Care, Inc.,

Stone Mountain, GA Leadership Forum International,

Washington, DC Lemhi River Salmon Recovery

Foundation, Inc., Missoula, MT Little Lucys Child Care Center, Inc.,

North Las Vegas, NV Living Hope Media, Arcamum, OH Lizard Head Theatre Company,

Telluride, CO MaDear, Inc., Riverside, CA Margaret Patton Diabetes Foundation,

Los Angeles, CA Master Preservation Foundation,

Cincinnati, OH Morning Star Freedom Foundation,

Wauseon, OH New Life Alpha Omega Ministries, Inc.,

Coconut Creek, FL Nickelsville Area Recreation Association,

Inc., Nickelsville, VA Northern Tier Neighborhood Crime

Watch, Great Bend, PA Novosel Angels, Inc., N. Royalton, OH Nu Dawn Living Arts Center,

Cleveland, OH Oklahoma Endowment for Literacy and

Reading, Inc., Oklahoma City, OK Omar Family Magnate Foundation, Inc.,

Valley Stream, NY One Life-One Planet, Blacksburg, VA Oppenheimer Institute for Science

and International Cooperation, Albuquerque, NM Pacific Islanders Learning and Support

Center, Newport Beach, CA Parent Teacher Organization of Woodrow

Wilson Academy, Westminster, CO Patricia Henley Foundation,

Santa Barbara, CA PIMS, Seattle, WA Pinellas County African American

History Museum, Inc., Clearwater, FL Pointes Area Youth Orchestra,

Gross Pointe Park, MI Portland Affordable Housing Preservation

Trust, Portland, OR Promociones Evangelisticas De Dios,

Flushing, NY Rain of Palm Beach County, Inc.,

Riviera Beach, FL Rebirth Technologies, Inc.,

West Palm Beach, FL River Cities Rollers, Sterling, IL

Former Public Charities. The following organizations (which have been treated as organizations that are not private foundations described in section 509(a) of the Code) are now classified as private foundations:

ADA AJOKU Foundation,

Pembroke Pines, FL Advance Care Services, Incorporated,

Detroit, MI African Nation Out-Reach, Inc.,

Los Angeles, CA Alices Wonderland Child Care of

Grace Memorial Baptist Church, Baltimore, MD American Business and Education

Partnership Association, Inc., South Glastonbury, CT American Samoa Humane Society, Inc.,

Pago Pago, AS An House of Prayer Word Center, Inc.,

Toledo, OH Aspen Suite Foundation,

Stevenson Ranch, CA Badasht Institute, Inc., Mystic, CT Beacon Senior Housing Corp.,

Pasadena, CA Bordentown Regional School

District Education Foundation, Inc., Bordentown, NJ Caring Hands of NJ, Inc., Piscataway, NJ Chasing for Charities, Northport, NY Chicago Principals & Administrators

Association, Chicago, IL China Project Hope, Inc., Addison, TX Circle R Youth Ranch, Inc.,

Fall Branch, TN Clayton 20-20 Foundation, Inc.,

Jonesboro, GA College of John Paul in the Desert,

Tucson, AZ Commercial Development Fund,

St. Paul, MN Cornerstone Environmental Conservancy

Corporation, Rochester, NY CPIN, Inc., Washington, DC David Chapman Ministries, Inc.,

Stillwater, OK Dayan Foundation, Los Altos, CA Descendants of Signers of Declaration

of Independence Foundation, Inc., New York, NY Disciples of Faith, Inc.,

Randallstown, MD Eagle Condor Institute,

Sault Ste Marie, MI

Educational Initiatives Organization,

Lakewood, WA Esthers House, Inc., Russelville, AR First Step Academy, Richmond, VA First Step Wellness Services, Inc.,

Lincoln, NE Florida Amputee Support Team, Inc.,

Ft. Lauderdale, FL Forward By Design, Inc., Columbia, SC Foster Care Parents Services, Inc.,

Los Angeles, CA Freedom-Hill Community Development

Corporation, Dayton, OH Friends of Las Vegas Academy,

Las Vegas, NV Friends of Longshore Sailing School, Inc.,

Westport, CT Genesis Ministries, Inc., St. Albans, WV Global Church Mission, Inc.,

Charlotte, NC Greasy Creek Volunteer Fire Department,

Inc., Shelbiana, KY Ground Zero Youth Outreach and

Development Programs, Inc., Atlanta, GA Hampden Meadows School PTO,

Barrington, RI Helena Celtic Association, Helena, MT Hidalgo Independent School District

Scholarship Foundation, Hidalgo, TX His Hands Foundation, Ashland, OR Holdenville General Hospital Foundation,

Holdenville, OK Homeless Low Income Housing and

Childcare, San Francisco, CA Housing Opportunities Arizona One, Inc.,

Porter Ranch, CA Human Potential Research Institute,

Stockton, CA Hyasa Cultural Center, Burbank, CA If One Reach One, Inc.,

Stone Mountain, GA Innovative Ideas, Inc., Mount Horeb, WI International Educational Exchange

Service, Inc., Dallas, TX International Pain Research and Treatment

Foundation, Inc., Brooklyn, NY Island Acts, Inc., New York, NY Italian American Cultural Arts Corp.,

Yonkers, NY JJK Charitable Trust, Ltd., St. Louis, MO K A T S Association of Illinois, Inc.,

Chicago, IL Kaumari Universal Corporation,

Decatur, GA King George Band Parents Corp.,

King George, VA

May 1, 2006 872 2006–18 I.R.B.

Riverhead Revitalization & Preservation

Corporation, Riverhead, NY Roger Savoy Foundation, Inc.,

New Orleans, LA Santa Clara Speech & Debate Club,

Livermore, CA Schola Cantorum Angelorum, Walnut, CA Seattle Urban Nature Project, Seattle, WA Sibley County Choral Society, Inc.,

Arlington, MN Small Dog Rescue, Inc., Ypsilanti, MI Southwest Dekalb Extra Point Club,

Decatur, GA Storks Nest of Chattanooga,

Chattanooga, TN Time Out for You, Inc., New Orleans, LA TLC Play and Learn Campus, Inc.,

Fairhaven, MA Touch of Hope, Inc., Newell, NC Ujima, Inc., Chicago, IL Union Hose and Engine Company, Inc.,

Union Springs, NY United Churches of Galena, Inc.,

Galena, IL United Coalition for Charitable,

Arlington, VA Van Zandt County Blood Hound Team,

Wills Point, TX Vivace Choral Program, Kapowsin, WA Voices of Triumph Gospel Choir,

Parkersburg, WV Vow Ministries, Houston, TX Walltown Community, Durham, NC Wayne Oakland McComb Support Group

& Foundation, Southfield, MI Wisconsin Intramural Recreational Sports

Association, Eau Claire, WI

Women of Brooks Mill, Lithonia, GA Women Working the Word, Inc.,

Philadelphia, PA Yaco, Inc., Newport Beach, CA Zakhat, Incorporated, Aliso Viejo, CA

If an organization listed above submits information that warrants the renewal of its classification as a public charity or as a private operating foundation, the Internal Revenue Service will issue a ruling or determination letter with the revised classification as to foundation status. Grantors and contributors may thereafter rely upon such ruling or determination letter as provided in section 1.509(a)–7 of the Income Tax Regulations. It is not the practice of the Service to announce such revised classification of foundation status in the Internal Revenue Bulletin.

Deletions From Cumulative List of Organizations Contributions to Which are Deductible Under Section 170 of the Code

Announcement 2006–28

The name of an organization that no longer qualifies as an organization described in section 170(c)(2) of the Internal Revenue Code of 1986 is listed below.

Generally, the Service will not disallow deductions for contributions made to a

listed organization on or before the date of announcement in the Internal Revenue Bulletin that an organization no longer qualifies. However, the Service is not precluded from disallowing a deduction for any contributions made after an organization ceases to qualify under section 170(c)(2) if the organization has not timely filed a suit for declaratory judgment under section 7428 and if the contributor (1) had knowledge of the revocation of the ruling or determination letter, (2) was aware that such revocation was imminent, or (3) was in part responsible for or was aware of the activities or omissions of the organization that brought about this revocation.

If on the other hand a suit for declaratory judgment has been timely filed, contributions from individuals and organizations described in section 170(c)(2) that are otherwise allowable will continue to be deductible. Protection under section 7428(c) would begin on May 1, 2006, and would end on the date the court first determines that the organization is not described in section 170(c)(2) as more particularly set forth in section 7428(c)(1). For individual contributors, the maximum deduction protected is $1,000, with a husband and wife treated as one contributor. This benefit is not extended to any individual, in whole or in part, for the acts or omissions of the organization that were the basis for revocation.

Ameratrust, Inc.

Delray Beach, FL

2006–18 I.R.B. 873 May 1, 2006