INCOME TAX—Cont.

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 replacement period for livestock sold on account of

drought in specified counties (Notice 86) 42, 925 Extension of time for filing returns (TD 9407) 33, 330 ;

(REG–115457–08) 33, 390 Farmer and fisherman income averaging (TD 9417) 37, 693 ; cor rection (Ann 91) 42, 963 ; (REG–161695–04) 37, 699 ; correction (Ann 92) 42, 963 Forms:

1042-S, Foreign Person’s U.S. Source Income Subject to Withholding, specifications for filing electronically (RP 44) 30, 187 ; update of Publication 1187 (Ann 95) 42, 964 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 Flexible Spending Arrangement (FSA), distributions of

unused amounts to reservists called up to active duty (Notice 82) 41, 853 Health Savings Accounts (HSAs), additional guidance (Notice

59. 29, 123 Institute on Current Issues in International Taxation (Ann 94) 42,

964 Insurance companies:

Effectively connected income (RP 53) 36, 678 Life insurance contracts:

Automatic waiver (RP 42) 29, 160 Closing agreement (RP 40) 29, 151 Modified endowment contracts (MECs), closing agree ments (RP 39) 29, 143 Qualified additional benefits (QABs), closing agreement

(RP 38) 29, 139 Variable contracts, closing agreement (RP 41) 29, 155 Segregated asset accounts, diversification (Notice 92) 43,

1001 Interest:

Characterization of management fees paid by an upper tier

investment partnership and lower tier trader partnerships (RR 39) 31, 252

2008–43 I.R.B. ix October 27, 2008