INCOME TAX—Cont. — Internal Revenue Bulletin 2008-34

Missouri severe storms and flooding, disaster relief (Notice

31, 270 Satisfactory bond, “bond factor” amounts for the period:

January through September 2008 (RR 36) 30, 165 Section 48 tax credit for qualifying fuel cell property and qual ifying microturbine property (Notice 68) 34, 418 Declaratory judgment suits (Ann 67) 29, 164 ; (Ann 72) 32, 321 ;

correction (Ann 78) 34, 453 Definition of “outside director” (RR 32) 27, 6 Dependent child of divorced or separated parents or parents who

live apart (TD 9408) 33, 323 Disaster relief, China earthquake, qualified disaster (Notice 57)

28, 80 Disciplinary actions involving attorneys, certified public accoun tants, enrolled agents, and enrolled actuaries (Ann 68) 30, 245 ; (Ann 77) 33, 394 Disclosure of taxpayer groupings for purposes of the passive ac tivity loss provisions under section 469 (Notice 64) 31, 268 Disclosure or use of information by preparers of returns (TD

29, 118 ; (REG–121698–08) 29, 163 Escrow accounts used in like-kind exchanges (TD 9413) 34, 404 Expenses:

Elections regarding start-up expenditures, corporation orga nizational expenditures, and partnership organizational expenses (TD 9411) 34, 398 ; (REG–164965–04) 34, 450 Optional standard mileage rates, update (Ann 63) 28, 114 Extension of time for filing returns (TD 9407) 33, 330 ;

(REG–115457–08) 33, 390 Forms:

1042-S, Foreign Person’s U.S. Source Income Subject to Withholding, specifications for filing electronically (RP 44) 30, 187 1096, 1098, 1099, 5498, W-2G, and 1042-S, substitute form specifications (RP 36) 33, 340 8027, Employer’s Annual Information Return of Tip Income and Allocated Tips, specifications for filing electronically (RP 34) 27, 13 8596, Information Return for Federal Contracts, specifications for filing electronically (RP 49) 34, 423 Guidance to tax return preparers:

Consents to disclose and consents to use tax return in formation in the Form 1040 series (TD 9409) 29, 118 ; (REG–121698–08) 29, 163 Consents to disclose and consents to use tax return informa tion in the Form 1040 series, update to Rev. Proc. 2008-12 (RP 35) 29, 132 Guidance under section 956 for determining the basis of property

acquired in certain nonrecognition transactions (TD 9402) 31, 254 ; (REG–102122–08) 31, 278 Health Savings Accounts (HSAs), additional guidance (Notice

29, 123 Insurance companies:

Life insurance contracts:

Automatic waiver (RP 42) 29, 160 Closing agreement (RP 40) 29, 151