INCOME TAX—Cont.

Modification to consolidated return regulation (TD 9458) per mitting an election to treat a liquidation of a target, followed by a recontribution to a new target, as a cross-chain reorganization (Ann 7) 6, 403 Penalties, substantial understatement, preparer penalty (RP 15)

7, 404 Personal exemption, additional for Hurricane Katrina displaced

individual (TD 9474) 4, 322 PFIC shareholder reporting under new section 1298(f) for tax

years beginning before March 18, 2010 (Notice 34) 17, 612 Postponement of certain tax-related deadlines by reason of a fed erally declared disaster or terroristic or military action, correction to TD 9443 (Ann 8) 7, 408 Private foundations, organizations now classified as (Ann 23) 16,

602 ; (Ann 29) 17, 616 ; (Ann 31) 19, 681 ; (Ann 36) 21, 696 Proposed Regulations:

26 CFR 1.304–4 revised; use of controlled corporations to avoid the application of section 304 (REG–132232–08) 6, 401 26 CFR 1.408–7, amended; 1.1012–1, amended; 1.6039–2, amended; 1.6042–4, amended; 1.6044–5, amended; 1.6045–1 thru –5, amended; 1.6045A–1, added; 1.6045B–1, added; 1.6049–6, amended; 31.3406(b)(3)–2, amended; 31.6051–4, amended; 301.6721–1, amended; 301.6722–1, amended; basis reporting by securities brokers and basis determination for stock (REG–101896–09) 5, 347 26 CFR 1.1001–3, amended; deterioration in financial condition of the issuer of a debt instrument (REG–106750–10) 25, 765 26 CFR 1.6109–2, amended; furnishing identifying number of tax return preparer (REG–134235–08) 16, 596 26 CFR 1.6654–2, amended; reduced 2009 estimated income tax payments for individuals with small business income (REG–117501–09) 11, 442 26 CFR 301.7216–2, amended; amendments to section 7216 regulations-disclosure or use of information by preparers of returns (REG–131028–09) 4, 332 Publications:

1167, General Rules and Specifications for Substitute Forms and Schedules (RP 21) 13, 473 Qualified disasters:

Chile earthquake occurring in February 2010 (Notice 26) 14,

527 Haiti earthquake occurring in January 2010 (Notice 16) 6, 396 Qualified nonpersonal use vehicle, public safety officer vehicles

(TD 9483) 23, 726 Recourse debt, new markets tax credit, amplifying RR 2003–20

(RR 17) 26, 769 Reduced 2009 estimated income tax payments for indi viduals with small business income (TD 9480) 11, 439 ; (REG–117501–09) 11, 442 Regulations:

26 CFR 1.132–5, revised; 1.274–5, –5T, revised; 1.280F–6, amended; qualified nonpersonal use vehicle (TD 9483) 23, 726