INCOME TAX—Cont. — Internal Revenue Bulletin 2008-52

Fast Track Settlement (FTS):

For SB/SE taxpayers, expedite case resolution (Ann 110) 48,

1224 For TE/GE taxpayers, early and timely settlements (Ann 105)

48, 1219 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 ; clarification of Publication 1187 (Ann 119) 50, 1295 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 Guidance with respect to issues arising from section 6707A

penalty (TD 9425) 45, 1100 ; (REG–160868–04) 45, 1115 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

29, 123 Information reporting for discharges of indebtedness (TD 9430)

48, 1205 ; correction (Ann 127) 52, 1375 ; (REG–118327–08) 48, 1218 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 Required information reporting on employer-owned life

insurance contracts (TD 9431) 49, 1235 Variable contracts, closing agreement (RP 41) 29, 155 Loss payment patterns and discount factors for the 2008 acci dent year (RP 70) 49, 1240 Salvage discount factors for the 2008 accident year (RP 71)

49, 1251 Segregated asset accounts, diversification (Notice 92) 43,

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