[The Regulatory Plan and Unified Agenda of Federal Regulations]
[Department of the Treasury Semiannual Regulatory Agenda]
[From the U.S. Government Printing Office, www.gpo.gov]


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Part XV





Department of the Treasury





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Semiannual Regulatory Agenda


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DEPARTMENT OF THE TREASURY (TREAS)                                     
  
  
_______________________________________________________________________
  
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DEPARTMENT OF THE TREASURY (TREAS)                                     
Departmental Offices (DO)
  
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DEPARTMENT OF THE TREASURY

31 CFR Subtitle A, Chs. I and II

Semiannual Agenda

AGENCY: Departmental Offices, Treasury.

ACTION: Semiannual agenda.

_______________________________________________________________________

SUMMARY: This notice is given pursuant to the requirements of the 
``Regulatory Flexibility Act'' (Pub. L. 96-354, September 19, 1980) and 
Executive Order 12866 (``Regulatory Planning and Review,'' September 
30, 1993), which require the publication of a semiannual agenda of 
regulations.

FOR FURTHER INFORMATION CONTACT: For additional information about a 
specific regulation in the agenda or plan, contact the ``Agency 
Contact'' identified in the item relating to that regulation.

SUPPLEMENTARY INFORMATION: The semiannual agenda of the Department of 
the Treasury conforms to the Unified Agenda format developed by the 
Regulatory Information Service Center (RISC).

    For this edition of the regulatory agenda of the Department of 
the Treasury, the most important significant regulatory actions are 
included in The Regulatory Plan, which appears in Part II of this 
issue of the Federal Register. Regulatory actions included in The 
Regulatory Plan are listed in the Table of Contents for each 
Treasury bureau and are denoted by a bracketed bold reference that 
directs the reader to the appropriate Sequence Number in Part II.

Dated: August 30, 1994.

Edward S. Knight,

Executive Secretary.

                                       Departmental Offices--Prerule Stage                                      
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3069        31 CFR 103  Anti-Money Laundering Programs (Reg Plan Seq. No. 135)....................    1505-AA51 
3070        17 CFR 404  Amendments Under the Government Securities Act; Large Position Reporting..   1505-AA53  
----------------------------------------------------------------------------------------------------------------
References in boldface appear in the Regulatory Plan in Part II of this issue of the Federal Register.          


                                    Departmental Offices--Proposed Rule Stage                                   
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3071        17 CFR 404  Revisions to the Government Securities Act Regulations; Risk Assessment                 
            Rule for Specialized Government Securities Broker-Dealers.............................    1505-AA47 
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                                     Departmental Offices--Final Rule Stage                                     
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3072        31 CFR 10  Due Diligence Standards With Respect to Persons Practicing Before the                    
            Internal Revenue Service..............................................................    1505-AA17 
3073        31 CFR 21  Restrictions on Lobbying...................................................    1505-AA35 
3074        31 CFR 103  International Funds Transfers.............................................    1505-AA37 
3075        31 CFR 103  Mandatory Aggregation of Currency Transactions for Certain Financial                    
            Institutions and Mandatory Magnetic Media Reporting of Currency Transaction Reports...    1505-AA41 
3076        17 CFR 402  Revisions to the Government Securities Act Regulations; Financial                       
            Responsibility; Minimum Capital Requirements..........................................    1505-AA44 
3077        31 CFR 103  International and Domestic Funds Transfers (Reg Plan Seq. No. 136)........    1505-AA46 
3078        17 CFR 405  Revisions to the Government Securities Act Regulations; Early Warning                   
            Level.................................................................................   1505-AA48  
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References in boldface appear in the Regulatory Plan in Part II of this issue of the Federal Register.          


                                     Departmental Offices--Completed Actions                                    
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3079        31 CFR 10  Revision of Circular 230; Practice Before the Internal Revenue Service.....    1505-AA45 
3080        31 CFR 337  Supplemental Regulations Governing Federal Housing Administration                       
            Debentures............................................................................    1505-AA52 
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DEPARTMENT OF THE TREASURY (TREAS)                        Prerule Stage
Departmental Offices (DO)
  
_______________________________________________________________________
  
3069.  ANTI-MONEY LAUNDERING PROGRAMS

Regulatory Plan:  This entry is Seq. No. 135 in Part II of this issue 
of the Federal Register.

RIN: 1505-AA51
_______________________________________________________________________

3070.  AMENDMENTS UNDER THE GOVERNMENT SECURITIES ACT; LARGE 
POSITION REPORTING

Legal Authority:  PL 103-202, sec 104

CFR Citation:  17 CFR 404; 17 CFR 405

Legal Deadline: None

Abstract: These rules would provide a mechanism for the reporting of 
information about large positions in recently issued Treasury 
securities. The rules will define what constitutes a large position and 
how positions should be aggregated across affiliates and subsidiaries. 
The scope of the reporting requirement would extend to any entity whose 
positions in the covered securities would meet the definition of a 
large position.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           12/00/94
ANPRM Comment Period End        02/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Ken Papaj, Director, Government Securities Regulations 
Staff, Department of the Treasury, Bureau of the Public Debt, Room 515, 
999 E Street NW., Washington, DC 20239-0001, 202 219-3632

RIN: 1505-AA53
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage
Departmental Offices (DO)
  
_______________________________________________________________________
  
3071. REVISIONS TO THE GOVERNMENT SECURITIES ACT REGULATIONS; RISK 
ASSESSMENT RULE FOR SPECIALIZED GOVERNMENT SECURITIES BROKER-DEALERS

Legal Authority:  15 USC 78o-5(b); PL 103-202, sec 102

CFR Citation:  17 CFR 404; 17 CFR 405

Legal Deadline: None

Abstract: The Department will propose risk assessment recordkeeping and 
reporting rules for registered Government securities brokers and 
dealers under the authority granted it by the Market Reform Act of 
1990. Registered Government securities brokers and dealers would be 
required to maintain and report information on the financial and 
securities activities of affiliates whose business activities are 
reasonably likely to have a material impact on the financial or 
operational condition of such entities. These rules are intended to 
provide regulators with access to information concerning the financial 
risk posed to registered Government securities brokers and dealers as a 
result of certain activities conducted by affiliates within holding 
company structures. These rules will parallel risk assessment rules 
that have been promulgated by the Securities and Exchange Commission.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/00/94
NPRM Comment Period End         01/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Kerry Lanham, Government Securities Specialist, 
Government Securities Regulations Staff, Department of the Treasury, 
Bureau of the Public Debt, Room 515, 999 E Street NW., Washington, DC 
20239-0001, 202 219-3632

RIN: 1505-AA47
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage
Departmental Offices (DO)
  
_______________________________________________________________________
  
3072. DUE DILIGENCE STANDARDS WITH RESPECT TO PERSONS PRACTICING BEFORE 
THE INTERNAL REVENUE SERVICE

Legal Authority:  5 USC 301; 31 USC 330; 31 USC 321

CFR Citation:  31 CFR 10

Legal Deadline: None

Abstract: The proposed regulation would modify the current regulations 
governing practice before the Internal Revenue Service by clarifying 
the requirements relating to due diligence standards imposed on tax 
practitioners.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/14/86                    51 FR 29113
Extend Public Comment Period to 
11/13/86                        08/27/86                    51 FR 30510
NPRM Comment Period End         10/14/86                    51 FR 29113
Extend Public Comment Period to 
02/13/87                        11/06/86                    51 FR 40340


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Leslie S. Shapiro, Director of Practice, Department of 
the Treasury, Internal Revenue Service, 801 Pennsylvania Avenue NW., 
Washington, DC 20004, 202 376-1421

RIN: 1505-AA17
_______________________________________________________________________

3073. RESTRICTIONS ON LOBBYING

Legal Authority:  31 USC 321; 31 USC 1352

CFR Citation:  31 CFR 21

Legal Deadline: None

Abstract: This document constitutes the Department of the Treasury's 
participation in a common rulemaking to prohibit certain recipients of 
Federal contracts, grants, and loans from using appropriated funds for 
lobbying the executive or legislative branches of the Federal 
Government in connection with a specific contract, grant, or loan.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Interim Final Rule              02/26/90                     55 FR 6736
Interim Final Rule Effective 
Date                            02/26/90                     55 FR 6736
Interim Final Rule Comment 
Period End                      04/27/90                     55 FR 6736


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: State, Local

Agency Contact: Cathy Thomas, Office of Management Programs 
Directorate, Department of the Treasury, Room 2217, Washington, DC 
20220, 202 343-0249

RIN: 1505-AA35
_______________________________________________________________________

3074. INTERNATIONAL FUNDS TRANSFERS

Legal Authority:  31 USC 5314; 31 USC 5318

CFR Citation:  31 CFR 103

Legal Deadline:  Final, Statutory, December 31, 1993.
Title XV, PL 102-550.

Abstract: This rule, issued under the Bank Secrecy Act, addresses the 
problem of money laundering through international payments, especially 
wire transfers of funds.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           10/31/89                    54 FR 45769
ANPRM Comment Period End        01/02/90                    54 FR 45770
NPRM                            10/15/90                    55 FR 41696
NPRM Comment Period End         11/29/90                    55 FR 41696
Comment Period Extended to 01/
15/91                           12/05/90                    55 FR 50192
Second NPRM                     08/31/93                    58 FR 46014
Second NPRM Comment Period End  10/04/93                    58 FR 46014
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: A description of this regulatory action and a 
related action appears in Regulatory Plan entry 1505-AA46 in Part II of 
this issue of the Federal Register.

Agency Contact: Peter G. Djinis, Director, Office of Financial 
Enforcement, Department of the Treasury, Annex, Room 3210, 1500 
Pennsylvania Avenue NW., Washington, DC 20220, 202 622-0400

RIN: 1505-AA37
_______________________________________________________________________

3075. MANDATORY AGGREGATION OF CURRENCY TRANSACTIONS FOR CERTAIN 
FINANCIAL INSTITUTIONS AND MANDATORY MAGNETIC MEDIA REPORTING OF CURRENCY 
TRANSACTION REPORTS

Legal Authority:  12 USC 1929b; 12 USC 1951 to 1959; 31 USC 5311 to 
5326

CFR Citation:  31 CFR 103

Legal Deadline: None

Abstract: This regulation would require that banks with deposits of 
over $100 million maintain systems to aggregate currency transactions 
that, at a minimum, are conducted by or on behalf of account holders at 
the bank and that affect an account during a business day; and require 
currency dealers and exchanges (including check cashers) and 
transmitters of funds, regardless of asset size, to maintain systems 
and procedures to aggregate currency transactions that are conducted by 
or on behalf of customers at the financial institution during a 
business day. The regulation also would require financial institutions 
that file more than 1,000 Currency Transaction Reports a year to file 
by use of magnetic media.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/06/90                    55 FR 36663
NPRM Comment Period End         12/05/90                    55 FR 36663


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Peter Djinis, Director, Office of Financial 
Enforcement, Department of the Treasury, Annex, Room 3210, 1500 
Pennsylvania Avenue NW., Washington, DC 20220, 202 622-0400

RIN: 1505-AA41
_______________________________________________________________________

3076. REVISIONS TO THE GOVERNMENT SECURITIES ACT REGULATIONS; FINANCIAL 
RESPONSIBILITY; MINIMUM CAPITAL REQUIREMENTS

Legal Authority:  15 USC 78o-5(b); PL 103-202, sec 102

CFR Citation:  17 CFR 402; 17 CFR 404

Legal Deadline: None

Abstract: The proposal would raise the minimum capital requirements for 
all Government securities brokers and dealers subject to the 
requirements of 17 CFR 402.2 and establish a written notification 
requirement for certain withdrawals of capital. This proposal is a 
companion rule to Security and Exchange Commission's previously 
proposed revised minimum capital requirements for brokers and dealers 
subject to the requirements of 17 CFR 240.15c3-1 and final rules 
regarding the withdrawal of capital.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/22/94                    59 FR 32155
NPRM Comment Period End         08/22/94                    59 FR 32155
Final Action                    12/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Donald V. Hammond, Assistant Director, Government 
Securities Regulations Staff, Department of the Treasury, Bureau of the 
Public Debt, Room 515, 999 E Street NW., Washington, DC 20239-0001, 202 
219-3632

RIN: 1505-AA44
_______________________________________________________________________

3077. INTERNATIONAL AND DOMESTIC FUNDS TRANSFERS

Regulatory Plan:  This entry is Seq. No. 136 in Part II of this issue 
of the Federal Register.

RIN: 1505-AA46
_______________________________________________________________________

3078. REVISIONS TO THE GOVERNMENT SECURITIES ACT REGULATIONS; EARLY 
WARNING LEVEL

Legal Authority:  15 USC 78o-5(b); PL 103-202, sec 102

CFR Citation:  17 CFR 405; 17 CFR 402

Legal Deadline: None

Abstract: This rule will reduce the regulatory burden on registered 
Government securities brokers and dealers by eliminating the 
requirement to submit supplemental reports to the Securities and 
Exchange Commission and other regulators when capital is deficient.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action                    10/00/94
Final Action Effective          11/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Ron Couch, Government Securities Specialist, Government 
Securities Regulations Staff, Department of the Treasury, Bureau of the 
Public Debt, 999 E Street NW., Washington, DC 20239-0001, 202 219-3632

RIN: 1505-AA48
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions
Departmental Offices (DO)
  
_______________________________________________________________________
  
3079. REVISION OF CIRCULAR 230; PRACTICE BEFORE THE INTERNAL REVENUE 
SERVICE

CFR Citation:  31 CFR 10

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action                    06/20/94                    59 FR 31523
Final Action Effective          06/20/94                    59 FR 31523

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: David L. Meyer, 202 622-6232

RIN: 1505-AA45
_______________________________________________________________________

3080.  SUPPLEMENTAL REGULATIONS GOVERNING FEDERAL HOUSING 
ADMINISTRATION DEBENTURES

Legal Authority:  5 USC 301; 31 USC 321; PL 102-550, sec 516; 106 Stat 
379o

CFR Citation:  31 CFR 337

Legal Deadline: None

Abstract: This rule implements provisions of the Housing and Community 
Development Act of 1992 that authorize the issuance of Federal Housing 
Administration debentures in book-entry form.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action                    08/17/94                    59 FR 42161
Final Action Effective          09/16/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Cynthia Reese, Deputy Chief Counsel, Department of the 
Treasury, Bureau of the Public Debt, 999 E Street NW., Room 503, 
Washington, DC 20239-0001, 202 219-3320

RIN: 1505-AA52
[FR Doc. 94-23419 Filed 11-10-94; 8:45 am]
BILLING CODE 4810-25-F

_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                                     
 
Financial Management Service (FMS)
  
_______________________________________________________________________
  

Fiscal Service

31 CFR Ch. II

Semiannual Agenda

AGENCY: Financial Management Service, Treasury.

ACTION: Semiannual agenda.

_______________________________________________________________________

SUMMARY: This notice is given pursuant to the requirements of the 
``Regulatory Flexibility Act'' (Pub. L. 96-354, September 19, 1980) and 
Executive Order 12866 (Regulatory Planning and Review, September 30, 
1993), which require publication of a semiannual agenda of regulations 
under development or review.

FOR FURTHER INFORMATION CONTACT: For additional information about a 
specific regulation contained in this agenda, contact the ``Agency 
Contact'' listed in the specific regulatory action.

SUPPLEMENTARY INFORMATION: It is hereby certified that the majority of 
the proposed regulations will not have a significant economic impact on 
a substantial number of small entities; accordingly, a regulatory 
flexibility analysis is not required.

Financial Management Service Regulatory Plan

    For this edition of the Financial Management Service's 
regulatory agenda, the most important significant regulatory 
actions are included in The Regulatory Plan, which appears in Part 
II of this issue of the Federal Register. The Regulatory Plan 
entries are listed in the Table of Contents below and are denoted 
by a bracketed bold reference, which directs the reader to the 
appropriate Sequence Number in Part II.

Russell D. Morris,

Commissioner.

                                   Financial Management Service--Prerule Stage                                  
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                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
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3081        31 CFR 203 (Revision)  Treasury Tax and Loan Depositaries (Reg Plan Seq. No. 137).....   1510-AA37  
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References in boldface appear in the Regulatory Plan in Part II of this issue of the Federal Register.          


                                Financial Management Service--Proposed Rule Stage                               
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                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
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3082        31 CFR 210 (Revision)  Federal Government Participation in the Automated Clearing                   
            House.................................................................................    1510-AA17 
3083        31 CFR 209  Payment to Financial Institutions for Credit to Accounts of Employees and               
            Beneficiaries.........................................................................    1510-AA30 
3084        31 CFR 204  Withdrawal of Cash From the Treasury for Cash Advances Under Federal                    
            Programs..............................................................................    1510-AA35 
3085        31 CFR 225 (Revision)  Acceptance of Bonds, Notes or Other Obligations Issued or                    
            Guaranteed by the United States as Security in Lieu of Surety or Sureties on Penal                  
            Bonds.................................................................................    1510-AA36 
3086        31 CFR 205 (Revision)  Rules and Procedures for Funds Transfers.......................    1510-AA38 
3087        31 CFR 202  Depositaries and Financial/Fiscal Agents of the Government................    1510-AA42 
3088        31 CFR 247  Regulations Governing FedSelect Checks....................................    1510-AA44 
3089        31 CFR 240  Indorsement and Payment of Checks Drawn on the United States Treasury.....    1510-AA45 
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Final Rule Stage                                 
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                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3090        31 CFR 205  Rules and Procedures for Funds Transfers..................................    1510-AA40 
----------------------------------------------------------------------------------------------------------------


                                 Financial Management Service--Completed Actions                                
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                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3091        31 CFR 205  Rules and Procedures for Funds Transfers..................................    1510-AA41 
----------------------------------------------------------------------------------------------------------------

      
  
          
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DEPARTMENT OF THE TREASURY (TREAS)                        Prerule Stage
Financial Management Service (FMS)
  
_______________________________________________________________________
  
3081. TREASURY TAX AND LOAN DEPOSITARIES

Regulatory Plan:  This entry is Seq. No. 137 in Part II of this issue 
of the Federal Register.

RIN: 1510-AA37
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage
Financial Management Service (FMS)
  
_______________________________________________________________________
  
3082. FEDERAL GOVERNMENT PARTICIPATION IN THE AUTOMATED CLEARING HOUSE

Legal Authority:  31 USC 3720; 31 USC 3335; 31 USC 321; 5 USC 5525; 31 
USC 3322; 31 USC 3332; 31 USC 3321; 31 USC 3301; 31 USC 3302; 12 USC 
391

CFR Citation:  31 CFR 210 (Revision)

Legal Deadline: None

Abstract: Revision of 31 CFR part 210 will attempt reconciliation of 
Government Automated Clearing House (ACH) regulations and private 
industry rules as set forth by the National Automated Clearing House 
Association. The revision will broaden the use of the ACH method 
through establishing the Government as an ACH receiver. Also, the 
provision will pursue a totally electronic environment by establishing 
a regulatory framework for automation of all related parts of the ACH 
process.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/94
NPRM Comment Period End         12/00/94
Final Action                    02/00/95

Small Entities Affected: None

Government Levels Affected: Undetermined

Agency Contact: John Galligan, Director, Cash Management Policy & 
Planning Division, Department of the Treasury, Financial Management 
Service, Room 420, 401 14th Street SW., Washington, DC 20227, 202 874-
6657

RIN: 1510-AA17
_______________________________________________________________________

3083. PAYMENT TO FINANCIAL INSTITUTIONS FOR CREDIT TO ACCOUNTS OF 
EMPLOYEES AND BENEFICIARIES

Legal Authority:  31 USC 321; 31 USC 3322; 31 USC 3332

CFR Citation:  31 CFR 209

Legal Deadline: None

Abstract: This proposed rule will modify savings allotment provisions 
under 31 CFR 209 to reflect the new requirements in the draft Notice of 
Proposed Rulemaking for 31 CFR 210, Federal Government Participation in 
the Automated Clearing House (ACH), which adds provisions requiring 
that savings allotments from Federal payments be made by the ACH 
Method. These requirements are in keeping with the provisions of 31 CFR 
206 which requires the collection and disbursement of all ACH Federal 
funds via Electronic Funds Transfer when cost effective, practicable, 
and consistent with existing statutes. These revisions need to be 
effective the same date as those of 31 CFR 210.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/04/92                    57 FR 57400
NPRM Comment Period End         01/04/93                    57 FR 57400
Supplemental NPRM Comment Period 
Ends 09/03/93                   08/04/93                    58 FR 41449
NPRM                            11/00/94
NPRM Comment Period End         12/00/94
Final Rule                      12/00/94
Final Action                    02/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: This proposed rule is a separate action from 
the previous revision to 31 CFR 209 published December 12, 1992, in a 
Notice of Proposed Rulemaking. This action will modify savings 
allotment provisions under 31 CFR 209 to reflect the new requirements 
in the draft Notice of Proposed Rulemaking for 31 CFR 210, Federal 
Payments, Collections, and Other Transactions Made Through Financial 
Institutions by the Automated Clearing House (ACH) Method which adds 
provisions requiring that savings allotments be made by the ACH method. 
These revisions to 31 CFR 209 need to be effective the same date as 
those of 31 CFR 210.

Agency Contact: John Galligan, Director, Cash Management Policy & 
Planning Division, Department of the Treasury, Financial Management 
Service, Room 420, 401 14th Street SW., Washington, DC 20227, 202 874-
6657

RIN: 1510-AA30
_______________________________________________________________________

3084. WITHDRAWAL OF CASH FROM THE TREASURY FOR CASH ADVANCES UNDER 
FEDERAL PROGRAMS

Legal Authority:  5 USC 301; 31 USC 321; 31 USC 3335; 31 USC 6503

CFR Citation:  31 CFR 204

Legal Deadline: None

Abstract: This regulation will govern cash advances of Federal Program 
Funds to non-state recipients. It is intended to be a recodification of 
the rules that existed at 31 CFR part 205 from 1967 to 1992, which were 
eliminated when Part 205 was revised to implement the Cash Management 
Improvement Act. This regulation merely reestablishes those rules. This 
regulation prevents premature and excessive cash advances to grant and 
other program recipients, and is intended to minimize the amount of 
Federal cash held outside the Treasury.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: State, Local, Tribal, Federal

Agency Contact: John Galligan, Director, Cash Management Policy & 
Planning Division, Department of the Treasury, Financial Management 
Service, Room 420, 401 14th Street SW., Washington, DC 20227, 202 874-
6657

RIN: 1510-AA35
_______________________________________________________________________

3085. ACCEPTANCE OF BONDS, NOTES OR OTHER OBLIGATIONS ISSUED OR 
GUARANTEED BY THE UNITED STATES AS SECURITY IN LIEU OF SURETY OR SURETIES 
ON PENAL BONDS

Legal Authority:  31 USC 321; 31 USC 9301; 31 USC 9303

CFR Citation:  31 CFR 225 (Revision)

Legal Deadline: None

Abstract: This regulation was last updated in 1978. Since that time, 
several significant changes have taken place in pledging securities. 
The most significant has been the advent of book-entry securities. 
There have been no identified costs to government, business or 
individuals. The benefit of this revision will be the addition of 
flexibility to federal agencies to design operating procedures that 
consider the unique characteristics of their operations, systems, 
policies, legislation, regulations and expectations of their customers 
and programs.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/94
NPRM Comment Period End         11/00/94

Small Entities Affected: None

Government Levels Affected: Federal

Agency Contact: John Galligan, Director, Cash Management Policy & 
Planning Division, Department of the Treasury, Financial Management 
Service, Room 420, 401 14th Street SW., Washington, DC 20227, 202 874-
6657

RIN: 1510-AA36
_______________________________________________________________________

3086. RULES AND PROCEDURES FOR FUNDS TRANSFERS

Legal Authority:  5 USC 301; 31 USC 321; 31 USC 3335; 31 USC 6501; 31 
USC 6503

CFR Citation:  31 CFR 205 (Revision)

Legal Deadline: None

Abstract: This regulation governs the transfer of Federal Assistance 
Funds to State governments and implements the Cash Management 
Improvement Act of 1990, as amended. Revisions to the regulation will 
address concerns raised by both State and Federal agencies about 
intergovernmental financing. Rules and procedures for funds transfers 
will be revised to provide more options and greater flexibility. In 
addition, the revisions will alleviate fiscal and administrative 
burdens placed on States by the current regulation. On the whole, the 
regulatory changes will save money, particularly for State governments.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/00/94
NPRM Comment Period End         12/00/94
Final Action                    01/00/95
Final Action Effective          02/00/95

Small Entities Affected: None

Government Levels Affected: State, Federal

Agency Contact: John Galligan, Director, Cash Management Policy & 
Planning Division, Department of the Treasury, Financial Management 
Service, Room 420, 401 14th Street SW., Washington, DC 20227, 202 874-
6657

RIN: 1510-AA38
_______________________________________________________________________

3087.  DEPOSITARIES AND FINANCIAL/FISCAL AGENTS OF THE GOVERNMENT

Legal Authority:  12 USC 265; 12 USC 266; 12 USC 1464(k); 12 USC 1789a; 
12 USC 3101; 12 USC 3102; 31 USC ch 33; 12 USC 90

CFR Citation:  31 CFR 202

Legal Deadline: None

Abstract: Regulations govern: 1) the designation of depositaries and 
financial/fiscal agents of the Government and their authorization to 
accept deposits of public money and to perform other services; and 2) 
the securing of public money in depositaries. The revised regulation 
will reflect the change from the use of face value to the use of market 
value in valuing definitive securities pledged as securities for 
deposits held outside of Treasury. The regulation recognizes the use of 
the Federal Reserve System for accomplishing the above and for 
adjusting the valuation to reflect the volatility to changes in 
interest rates.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/94

Small Entities Affected: None

Government Levels Affected: Federal

Agency Contact: John Galligan, Director, Cash Management Planning & 
Policy Division, Department of the Treasury, Financial Management 
Service, 401 14th Street SW., Room 420, Washington, DC 20227, 202 874-
6657

RIN: 1510-AA42
_______________________________________________________________________

3088.  REGULATIONS GOVERNING FEDSELECT CHECKS

Legal Authority:  31 USC 327; 31 USC 391

CFR Citation:  31 CFR 247

Legal Deadline: None

Abstract: This proposed rule sets forth procedural instructions for 
using FedSelect checks - an alternative for Federal agencies to use 
instead of the third party drafts now used for imprest fund 
transactions. The rule defines the rights, responsibilities and 
liabilities of the Federal Government, Federal Reserve Banks and 
depositary institutions in connection with FedSelect checks. The rules 
for FedSelect checks will differ from those applying to Treasury checks 
in three important ways. First, FedSelect checks will be negotiable for 
90 days or 120 days after issuance, not 1 year. Second, Federal 
agencies can at their own discretion, put a stop payment on FedSelect 
checks. Third, in all matters not addressed by the proposed rule, 
FedSelect checks will be governed by the Uniform Commercial Code and 
Federal Reserve Regulations J and CC. The regulations governing 
Treasury checks are inapplicable to FedSelect checks, unless otherwise 
provided by statute or the proposed rule.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/94
NPRM Comment Period End         11/00/94

Small Entities Affected: None

Government Levels Affected: Federal

Agency Contact: John Galligan, Director, Cash Management Policy & 
Planning Division, Department of the Treasury, Financial Management 
Service, Room 420, 401 14th Street SW., Washington, DC 20227, 202 874-
6657

RIN: 1510-AA44
_______________________________________________________________________

3089.  INDORSEMENT AND PAYMENT OF CHECKS DRAWN ON THE UNITED 
STATES TREASURY

Legal Authority:  5 USC 301; 12 USC 391; 31 USC 321; 31 USC 3328; 31 
USC 3331; 31 USC 3343; 31 USC 3711; 31 USC 3716; 31 USC 3717; 332 US 
234 (1947); 318 US 363 (1943)

CFR Citation:  31 CFR 240

Legal Deadline: None

Abstract: This rule amends existing regulations governing the 
indorsement and payment of checks drawn on the United States Treasury. 
The changes define: 1) first examination as it applies to the payment 
of checks and a reasonable time for notice of refusal to pay a check; 
2) the presenting bank's responsibility to determine whether a check is 
counterfeit before accepting it for negotiation; and 3) reclamation of 
counterfeit checks after expiration of the time reserved for the 
completion of first examination. By implementing these changes, banks 
will have a clear understanding of when a U.S. Treasury check is paid 
and within what time frames they can expect the U.S. Treasury to refuse 
payment of a check.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/00/94
NPRM Comment Period End         01/00/95
Final Action                    03/00/95

Small Entities Affected: Businesses

Government Levels Affected: Federal

Agency Contact: Edith K. Wells, Program Analyst, Financial Information, 
Department of the Treasury, Financial Management Service, Room 800B, 
3700 East-West Highway, Hyattsville, MD 20782, 202 874-8263

RIN: 1510-AA45
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage
Financial Management Service (FMS)
  
_______________________________________________________________________
  
3090.  RULES AND PROCEDURES FOR FUNDS TRANSFERS

Legal Authority:  5 USC 301; 31 USC 321; 31 USC 3335; 31 USC 6501; 31 
USC 6503

CFR Citation:  31 CFR 205

Legal Deadline: None

Abstract: This rule amended the regulations implementing the Cash 
Management Improvement Act of 1990 (CMIA), as amended, which governs 
the transfer of funds between the Federal Government and the states 
under Federal assistance Programs. It delayed the date on which the 
State of New York must begin the second phase of CMIA implementation 
thereby affording New York the same amount of time to complete the 
first phase that is allowed the other 55 states and territories. This 
rulemaking affected only New York.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Interim Final Rule              03/30/94                    59 FR 14753
Final Action                    10/00/94
Final Action Effective          10/00/94

Small Entities Affected: None

Government Levels Affected: State

Agency Contact: John Galligan, Director, Cash Management Policy & 
Planning Division, Department of the Treasury, Financial Management 
Service, Room 420, 401 14th Street SW., Washington, DC 20227, 202 874-
6657

RIN: 1510-AA40
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions
Financial Management Service (FMS)
  
_______________________________________________________________________
  
3091.  RULES AND PROCEDURES FOR FUNDS TRANSFERS

Legal Authority:  5 USC 301; 31 USC 321; 31 USC 3335; 31 USC 6501; 31 
USC 6503

CFR Citation:  31 CFR 205

Legal Deadline: None

Abstract: This rule amended the regulations implementing the Cash 
Management Improvement Act of 1990 (CMIA), as amended, which governs 
the transfer of funds between the Federal Government and the States 
under Federal programs. It narrowed the scope of CMIA implementation by 
excluding certain state-level entities that are fiscally or legally 
independent of the central State authorities.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action                    06/01/94                    59 FR 28260
Final Action Effective          07/01/94                    59 FR 28261

Small Entities Affected: None

Government Levels Affected: State, Federal

Additional Information: TIMETABLE CONT: Final Action is effective on 
the first day of a State's 1995 fiscal year or on July 1, 1994, 
whichever is later.

Agency Contact: John Galligan, Director, Cash Management Policy & 
Planning Division, Department of the Treasury, Financial Management 
Service, Room 420, 401 14th Street SW., Washington, DC 20227, 202 874-
6657

RIN: 1510-AA41
[FR Doc. 94-22299 Filed 11-10-94; 8:45 am]
BILLING CODE 4810-35-F

_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                                     
 
Bureau of Alcohol, Tobacco and Firearms (BATF)
  
_______________________________________________________________________
  

Bureau of Alcohol, Tobacco and Firearms

27 CFR Ch. I

[Notice No. 799]

Unified Agenda of Federal Regulations

AGENCY: Bureau of Alcohol, Tobacco and Firearms (ATF), Treasury.

ACTION: General notice; Unified Agenda of Federal Regulations of 
regulatory projects under development, consideration, and review.

_______________________________________________________________________

SUMMARY: Pursuant to section 4 of Executive Order 12866 entitled 
``Regulatory Planning and Review,'' ATF is publishing an agenda of 
proposed regulations that are expected to be issued and of proposed 
regulations that have been issued and an agenda of existing regulations 
that are being reviewed under the terms of the Executive order within 
the next 6 months. The latter agenda also lists regulatory projects 
identified for review pursuant to the ATF Regulatory Reform Program. 
Pursuant to section 610 of the Regulatory Flexibility Act (Pub. L. 96-
354; 5 U.S.C. 610), ATF is also indicating whether a regulatory project 
is likely to have a significant economic impact upon a substantial 
number of small entities.

    This general notice is designed to give the public adequate 
notice of the regulatory activities being contemplated by ATF.

    The agenda is based on information available at the present 
time. The next Unified Agenda of Federal Regulations will be 
published in the Federal Register of April 1995.

FOR FURTHER INFORMATION CONTACT: For information about any particular 
regulatory project, contact the person listed in the subheading 
``Agency Contact'' for the regulatory project.

    For general information about this general notice, contact 
Angela Shanks, Revenue Programs Division, Bureau of Alcohol, 
Tobacco and Firearms, 650 Massachusetts Avenue NW., Washington, DC 
20226, (202) 927-8230.

Issuance

    By direction of the Secretary of the Treasury, this general 
notice reads as set forth below.

Dated: August 19, 1994.

Daniel R. Black,

Acting Director.

                          Bureau of Alcohol, Tobacco and Firearms--Proposed Rule Stage                          
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3092        27 CFR 9  American Viticultural Areas.................................................    1512-AA07 
3093        27 CFR 250  Recodification of 27 CFR Part 250 as 27 CFR Part 26.......................    1512-AA69 
3094        27 CFR 27  Recodification of 27 CFR Part 251 as 27 CFR Part 27........................    1512-AA72 
3095        27 CFR 7  Standard of Identity for Malt Liquor........................................    1512-AA95 
3096        27 CFR 252  Recodification of 27 CFR Part 252 as 27 CFR Part 28.......................    1512-AA98 
3097        27 CFR 25.205  Product of Beer for personal or family use at Brew-on-Premises                       
            facilities............................................................................    1512-AB18 
3098        27 CFR 4  Use of Term ``Reserve'' on Wine Labels......................................    1512-AB25 
3099        27 CFR 24.246  New Wine Treating Materials and Processes..............................    1512-AB26 
3100        27 CFR 4  Nutrition Labeling for Wine, Distilled Spirits, and Malt Beverages..........    1512-AB29 
3101        27 CFR 4  Lot Identification Markings on Labels or Containers of Distilled Spirits,                 
            Wine, and Beer........................................................................    1512-AB32 
3102        27 CFR 4.47 (New)  Procedures for Revoking Previously Approved Certificates of Label                
            Approval, Exemptions From Label Approval, or Distinctive Liquor Bottle Approvals......    1512-AB34 
3103        27 CFR 178  Handgun Factor and Criteria...............................................    1512-AB24 
3104        27 CFR 53  Firearms and Ammunition Excise Taxes.......................................    1512-AB33 
3105        27 CFR 285  27 CFR Part 285, Manufacture of Cigarette Papers and Tubes................    1512-AA33 
3106        27 CFR 290  Exportation of Tobacco Products and Cigarette Papers and Tubes, Without                 
            Payment of Tax, or With Drawback of Tax...............................................    1512-AB03 
----------------------------------------------------------------------------------------------------------------


                            Bureau of Alcohol, Tobacco and Firearms--Final Rule Stage                           
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3107        27 CFR 197  Nonbeverage Drawback......................................................    1512-AA20 
3108        27 CFR 4  Winegrape Varietal Designations.............................................    1512-AA67 
3109        27 CFR 4  Grape Wine Designation--Gamay Beaujolais....................................    1512-AB08 
3110        27 CFR 6  Revision of the Trade Practice Regulations..................................    1512-AB10 
3111        27 CFR 7  Alcoholic Content Labeling for Malt Beverages...............................    1512-AB17 
3112        27 CFR 5.23(a)(3)(ii)  Alteration of Class and Type Vodka.............................    1512-AB22 
3113        27 CFR 4.25a(d) to 4.25a(e)  Multistate Appellations of Origin for Contiguous States..    1512-AB28 
3114        27 CFR 178  Brady Bill Regulations....................................................    1512-AB23 
3115        27 CFR 70.511 to 70.526  27 CFR Part 70--Conference and Practice Requirements for the               
            Bureau of Alcohol, Tobacco and Firearms...............................................    1512-AB11 
----------------------------------------------------------------------------------------------------------------


                           Bureau of Alcohol, Tobacco and Firearms--Completed Actions                           
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3116        27 CFR 71.21  27 CFR Part 71--Publicity of Information................................    1512-AB21 
3117        27 CFR 70  Certification of Periods of Interest with Respect To Certain Overpayments..    1512-AB27 
----------------------------------------------------------------------------------------------------------------

      
  
          
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage
Bureau of Alcohol, Tobacco and Firearms (BATF)
  
_______________________________________________________________________
  

    ALCOHOL

_________________________________________________________________________
3092. AMERICAN VITICULTURAL AREAS

Legal Authority:  27 USC 205

CFR Citation:  27 CFR 9

Legal Deadline: None

Abstract: Establishes grape-growing regions as American viticultural 
areas for purposes of labeling and advertising of wine.

Timetable:

Hames Valley, CA (contact Robert White)  NPRM 10/27/93 (58 FR 
57764)  NPRM Comment Period End 12/27/93  Final Action 03/25/94 (59 FR 
14098)  Final Action Effective 04/28/94

Seiad Valley, CA (contact Marj Ruhf)  NPRM 01/11/94 (59 FR 1510)  NPRM 
Comment Period End 03/14/94  Final Action 05/19/94

St. Helena, CA (contact Robert White)  NPRM 12/31/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: See Timetable, American Viticultural Areas, Department 
of the Treasury, Bureau of Alcohol, Tobacco and Firearms, 650 
Massachusetts Avenue NW., Washington DC 20226, 202 927-8230

RIN: 1512-AA07
_______________________________________________________________________

3093. RECODIFICATION OF 27 CFR PART 250 AS 27 CFR PART 26

Legal Authority:  26 USC 7651 to 7652; PL 85-859; 26 USC 5314; 26 USC 
7805

CFR Citation:  27 CFR 250

Legal Deadline: None

Abstract: As part of the recodification of part 250, we plan to 
simplify, consolidate and/or eliminate as many sections of regulations 
as possible by placing particular emphasis on reducing the number of 
recordkeeping requirements, forms, and customs responsibilities. 
Wherever possible, we plan to utilize proprietor's commercial records 
in lieu of requiring the proprietor to submit public use forms. These 
changes to part 250 should considerably reduce the burden hours on 
industry.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           09/08/92                    57 FR 40885
ANPRM Comment Period End        10/08/92
ANPRM Comment Period Extended   10/15/92                    57 FR 47319
ANPRM Comment Period Extended 
End                             12/07/92
NPRM                            03/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Gail Hosey, Coordinator, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226, 202 927-8210

RIN: 1512-AA69
_______________________________________________________________________

3094. RECODIFICATION OF 27 CFR PART 251 AS 27 CFR PART 27

Legal Authority:  26 USC 7805

CFR Citation:  27 CFR 27; 27 CFR 251

Legal Deadline: None

Abstract: To update and clarify regulations relating to the importation 
of distilled spirits, wine, and beer and to incorporate related ATF 
Rulings into the regulations. To reduce or eliminate certain reporting 
requirements and reduce burden on industry.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           09/08/92                    57 FR 40886
ANPRM Comment Period End        10/08/92
ANPRM Comment Period Extended   10/15/92                    57 FR 47319
ANPRM Comment Period Extended 
End                             12/07/92
NPRM                            03/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Ed Reisman, Coordinator, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226, 202 927-8210

RIN: 1512-AA72
_______________________________________________________________________

3095. STANDARD OF IDENTITY FOR MALT LIQUOR

Legal Authority:  27 USC 205(e)

CFR Citation:  27 CFR 7

Legal Deadline: None

Abstract: A coalition of consumer organizations has petitioned ATF to 
establish a standard of identity for the labeling of malt liquor. 
Currently there are no standards of identity exist for any malt 
beverages. ATF is considering Regulatory action relating to a standard 
of identity of the use of the term Malt Liquor for designating a Malt 
Beverage.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           04/19/93                    58 FR 21126
ANPRM Comment Period End        07/19/93
ANPRM Comment Period Extended   07/19/93                    58 FR 38542
ANPRM Comment Period Extended 
End                             09/17/93
NPRM                            03/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Charles Bacon, Coordinator, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226, 202 927-8230

RIN: 1512-AA95
_______________________________________________________________________

3096. RECODIFICATION OF 27 CFR PART 252 AS 27 CFR PART 28

Legal Authority:  26 USC 7805

CFR Citation:  27 CFR 252

Legal Deadline: None

Abstract: To update and clarify regulations relating to the exportation 
of distilled spirits, wine, and beer and to incorporate related ATF 
Rulings into the regulations. To reduce or eliminate certain reporting 
requirements and reduce burden on industry.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           09/08/92                    57 FR 40887
ANPRM Comment Period End        10/08/92
ANPRM Comment Period Extended   10/15/92                    57 FR 47320
ANPRM Comment Period Extended 
End                             12/07/92
NPRM                            03/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Gail Hosey, Coordinator, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226, 202 927-8210

RIN: 1512-AA98
_______________________________________________________________________

3097. PRODUCT OF BEER FOR PERSONAL OR FAMILY USE AT BREW-ON-PREMISES 
FACILITIES

Legal Authority:  26 USC 5051; 26 USC 5053(e)

CFR Citation:  27 CFR 25.205; 27 CFR 25.206

Legal Deadline: None

Abstract: ATF is considering issuing regulations relating to the 
production of Brew-on-Premises Businesses. Under the statutory 
exemption provided at 26 U.S.C. 5053(e), adults may produce beer for 
personal or family use without payment of tax. Since there is no 
restriction on the place where such beer may be produced, Brew-on-
Premises have come into existence as commercial establishments where 
adults may produce such beer. Regulations may require proprietors of 
brew-on-premises to provide notice to ATF and to keep certain records.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Charles Bacon, Coordinator, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226, 202 927-8230

RIN: 1512-AB18
_______________________________________________________________________

3098. USE OF TERM ``RESERVE'' ON WINE LABELS

Legal Authority:  27 USC 205

CFR Citation:  27 CFR 4

Legal Deadline: None

Abstract: ATF is considering amending the regulations to include a 
definition for the term ``reserve'' when used on wine labels.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           03/17/94                    59 FR 12566
ANPRM Comment Period Extended   06/14/94                    59 FR 30560
ANPRM Comment Period End        06/15/94
ANPRM Comment Period Extended 
End                             07/15/94
NPRM                            12/00/94

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: James Ficaretta, Coordinator, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts 
Avenue NW., Washington, DC 20226, 202 927-8230

RIN: 1512-AB25
_______________________________________________________________________

3099. NEW WINE TREATING MATERIALS AND PROCESSES

Legal Authority:  26 USC 5382; 26 USC 5368; 26 USC 5388

CFR Citation:  27 CFR 24.246; 27 CFR 24.248

Legal Deadline: None

Abstract: This regulation will allow winemakers to use new wine 
treating materials and processes in the production, cellar treatment, 
and finishing off wine, if such materials and processes are found by 
the wine industry to be in accordance with ``good commercial 
practice.'' No alternatives are being considered. No cost is associated 
with this action, this action will benefit winemakers by giving them 
more tools to produce quality wine and will benefit consumers by 
ensuring that more quality wine is available for purchase.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/30/94                    59 FR 49870
NPRM Comment Period End         11/29/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robert White, Coordinator, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226, 202 927-8230

RIN: 1512-AB26
_______________________________________________________________________

3100. NUTRITION LABELING FOR WINE, DISTILLED SPIRITS, AND MALT BEVERAGES

Legal Authority:  27 USC 205(e)

CFR Citation:  27 CFR 4; 27 CFR 5; 27 CFR 7

Legal Deadline: None

Abstract: ATF is considering amending the regulations to require 
nutrition labeling for wine distilled spirits and malt beverages. Based 
on a petition it has received, the Bureau wishes to gather information 
by inviting comments from the public and industry as to whether the 
regulations should be amended to provide for nutrition information on 
labels of alcoholic beverages.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           08/10/93                    58 FR 42417
ANPRM Comment Period Extended   10/27/93                    58 FR 57763
ANPRM Comment Period End        11/08/93
ANPRM Comment Period Extended 
End                             02/07/94
NPRM                            12/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: James Ficaretta, Coordinator, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts 
Avenue NW., Washington, DC 20226, 202 927-8230

RIN: 1512-AB29
_______________________________________________________________________

3101.  LOT IDENTIFICATION MARKINGS ON LABELS OR CONTAINERS OF 
DISTILLED SPIRITS, WINE, AND BEER

Legal Authority:  27 USC 205(e); 26 USC 5201; 26 USC 5368; 26 USC 5412

CFR Citation:  27 CFR 4; 27 CFR 5; 27 CFR 7; 27 CFR 19; 27 CFR 24; 27 
CFR 25

Legal Deadline: None

Abstract: Proposed regulations will require that the labels or 
containers for distilled spirits, wine, and beer be marked so as to 
indicated the lot to which a particular, product belongs.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Daniel J. Hiland, Specialist, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts 
Avenue NW., Washington DC 20226, 202 927-8210

RIN: 1512-AB32
_______________________________________________________________________

3102.  PROCEDURES FOR REVOKING PREVIOUSLY APPROVED CERTIFICATES 
OF LABEL APPROVAL, EXEMPTIONS FROM LABEL APPROVAL, OR DISTINCTIVE LIQUOR 
BOTTLE APPROVALS

Legal Authority:  27 USC 205; 26 USC 5301; 26 USC 7805

CFR Citation:  27 CFR 4.47 (New); 27 CFR 4.53 (New); 27 CFR 5.54 (New); 
27 CFR 5.57 (New); 27 CFR 7.32 (New); 27 CFR 7.43 (New); 27 CFR 19.640 
(New); 27 CFR 71.1; 27 CFR 71.11; 27 CFR 71.51 (New)

Legal Deadline: None

Abstract: This notice of proposed rulemaking proposes to establish 
regulatory procedures to revoke previously approved certificates of 
label approval, exemptions from label approval, or distinctive liquor 
bottle approvals. These revocation procedures are necessary where label 
approvals, etc., have been approved in error. Adoption of these 
procedures will allow ATF to revoke, in an orderly and efficient 
manner, label approvals, exemptions from label approval, or distinctive 
liquor bottle approvals which have been approved in error and will 
provide for appeals by industry members.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/31/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robert White, Coordinator, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington DC 20226, 202 927-8230

RIN: 1512-AB34
_______________________________________________________________________

    FIREARMS

_________________________________________________________________________
3103. HANDGUN FACTOR AND CRITERIA

Legal Authority:  5 USC 552(a); 18 USC 847; 18 USC 921 to 930; 44 USC 
3504(h)

CFR Citation:  27 CFR 178

Legal Deadline: None

Abstract: ATF is considering amending and codifying handgun factoring 
criteria used to evaluate foreign handguns.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Larry White, Specialist, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226, 202 927-8320

RIN: 1512-AB24
_______________________________________________________________________

3104.  FIREARMS AND AMMUNITION EXCISE TAXES

Legal Authority:  26 USC 4181

CFR Citation:  27 CFR 53

Legal Deadline: None

Abstract: Proposed regulations will simplify the deposit rules for 
firearms and ammunition manufacturers excise taxes by revising the 
method for making deposits of these taxes.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/01/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Tami Light, Coordinator, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226, 202 927-8210

RIN: 1512-AB33
_______________________________________________________________________

    TOBACCO PRODUCTS

_________________________________________________________________________
3105. 27 CFR PART 285, MANUFACTURE OF CIGARETTE PAPERS AND TUBES

Legal Authority:  26 USC 7805 (68A Stat 917)

CFR Citation:  27 CFR 285

Legal Deadline: None

Abstract: To reduce or eliminate administrative and recordkeeping 
burdens under 27 CFR part 285.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mary Wood, Specialist, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington DC 20226, 202 927-8210

RIN: 1512-AA33
_______________________________________________________________________

3106. EXPORTATION OF TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES, 
WITHOUT PAYMENT OF TAX, OR WITH DRAWBACK OF TAX

Legal Authority:  26 USC 7805

CFR Citation:  27 CFR 290

Legal Deadline: None

Abstract: ATF is proposing the recodification of 27 CFR part 290 in 
order to reduce recordkeeping and reporting requirements. This proposal 
will provide for the use of commercial records in lieu of U.S. Customs' 
supervision and certification. The elimination of the certification 
forms as well as other forms will also result from this proposal.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           09/08/92                    57 FR 40889
ANPRM Comment Period End        10/08/92
ANPRM Comment Period Extended   01/08/93                     58 FR 3247
ANPRM Comment Period Extended 
End                             03/09/93
NPRM                            12/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mary Wood, Specialist, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226, 202 927-8210

RIN: 1512-AB03
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage
Bureau of Alcohol, Tobacco and Firearms (BATF)
  
_______________________________________________________________________
  

    ALCOHOL

_________________________________________________________________________
3107. NONBEVERAGE DRAWBACK

Legal Authority:  26 USC 5131

CFR Citation:  27 CFR 197

Legal Deadline: None

Abstract: To update, clarify, simplify, and recodify the regulations 
relating to drawback of tax on distilled spirits used in the 
manufacture of non-beverage products.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/29/87                    52 FR 28286
NPRM Comment Period End         10/29/87
NPRM                            08/31/92                    57 FR 39536
NPRM Comment Period End         09/30/92
NPRM Comment Period Extended    10/01/92                    57 FR 45357
NPRM Comment Period Extended End10/30/92
Final Action                    03/00/95

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: SMALL ENTITIES CONT: This regulation affects 
approximately 500 small entities.

Agency Contact: Steve Simon, Specialist, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226, 202 927-8210

RIN: 1512-AA20
_______________________________________________________________________

3108. WINEGRAPE VARIETAL DESIGNATIONS

Legal Authority:  27 USC 205(e)

CFR Citation:  27 CFR 4

Legal Deadline: None

Abstract: This proposal would establish a list of winegrape varietal 
names which may be used as the type designation on American wine 
labels. Establishment of this list will standardize labeling 
terminology and make labels less confusing for consumers to read. They 
will also assist in more accurate identification of wines labeled with 
the grape variety used.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            02/04/86                     51 FR 4392
NPRM Comment Period End         04/07/86
NPRM Comment Period Extended    04/08/86                    51 FR 11944
NPRM Comment Period Extended End07/07/86
NPRM                            09/03/92                    57 FR 40380
NPRM Comment Period End         10/05/92
NPRM Comment Period Extended    10/26/92                    57 FR 48487
NPRM Comment Period Extended End12/28/92
Final Action                    03/31/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Charles Bacon, Coordinator, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226, 202 927-8230

RIN: 1512-AA67
_______________________________________________________________________

3109. GRAPE WINE DESIGNATION--GAMAY BEAUJOLAIS

Legal Authority:  27 USC 205(e)

CFR Citation:  27 CFR 4

Legal Deadline: None

Abstract: Gamay Beaujolais has been used as a term to identify certain 
wines made from pinot noir or Napa Gamay grapes. Since Gamay Beaujolais 
is not the name of a grape variety, its usage on wine labels may be 
incorrect. A notice of proposed rulemaking will consider labeling 
requirements for use of this term. This rulemaking project was formerly 
included in rulemaking for winegrape varietal designation, RIN 1512-
AA67.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/05/94                    59 FR 15878
Final Action                    12/30/94

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: James Hunt, Coordinator, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226, 202 927-8230

RIN: 1512-AB08
_______________________________________________________________________

3110. REVISION OF THE TRADE PRACTICE REGULATIONS

Legal Authority:  27 USC 205

CFR Citation:  27 CFR 6; 27 CFR 8; 27 CFR 10; 27 CFR 11

Legal Deadline: None

Abstract: The intent of the proposed revisions and amendments will be 
to define permitted market practices within the existing statutory 
framework as well as to update, simplify, and/or clarify various 
interpretations of the Federal Alcohol Administration Act and to 
incorporate the findings of the Fedway Associates, Inc., decision.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/26/94                    59 FR 21698
NPRM Comment Period Extended    06/06/94                    59 FR 29215
Extended Comment Period End     07/27/94
Final Action                    12/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Marjorie Ruhf, Coordinator, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226, 202 927-8230

RIN: 1512-AB10
_______________________________________________________________________

3111. ALCOHOLIC CONTENT LABELING FOR MALT BEVERAGES

Legal Authority:  27 USC 205(e)

CFR Citation:  27 CFR 7

Legal Deadline: None

Abstract: A 10/28/92 Decision in the U.S. District Court for the 
District of Colorado held that the Federal Alcohol Administration Act 
prohibition against the statement of Alcoholic content on malt beverage 
labels is unconstitutional under the first amendment. ATF will issue an 
interim rule amending 27 CFR part 7 which permits the optional 
statements of alcoholic content on malt beverage labels. Based on 
public comments and future court actions ATF will determine whether to 
make statement of alcoholic content mandatory on malt beverage labels. 
The Supreme Court has agreed to hear the Government's appeal of this 
case during the 1994-1995 term.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/19/93                    58 FR 21233
Interim Final Rule              04/19/93                    58 FR 21228
NPRM Comment Period End         07/19/93
NPRM Comment Period Extended    07/19/93                    58 FR 38543
NPRM Comment Period Extended End09/17/93
Final Action                    03/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Charles Bacon, Coordinator, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226, 202 927-8230

RIN: 1512-AB17
_______________________________________________________________________

3112. ALTERATION OF CLASS AND TYPE VODKA

Legal Authority:  26 USC 5301; 26 USC 7805; 27 USC 205

CFR Citation:  27 CFR 5.23(a)(3)(ii)

Legal Deadline: None

Abstract: ATF is proposing to amend 27 CFR section 5.23(a)(3)(ii) 
authorizing the use of a trace amount of citric acid in the production 
of vodka without changing its designation as vodka, because citric acid 
is not an essential component of vodka. Also, ATF is proposing to amend 
27 CFR Section 5.23 which regulates additions of Section 5.22(a)(i) 
which is the standard of identity for vodka. Under this proposal, vodka 
made with a greater concentration of citric acid would be designated 
``Flavored Vodka'' or labeled with a fanciful name under 27 CFR part 5.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Rule                      08/27/93                    58 FR 45251
Final Rule Effective            08/27/93
NPRM                            09/01/93                    58 FR 46141
NPRM Comment Period End         10/18/93
NPRM Comment Period Extended    10/18/93                    58 FR 53682
NPRM Comment Period Extended End01/03/94
Final Action                    12/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: David W. Brokaw, Coordinator, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts 
Avenue NW., Washington, DC 20226, 202 927-8230

RIN: 1512-AB22
_______________________________________________________________________

3113. MULTISTATE APPELLATIONS OF ORIGIN FOR CONTIGUOUS STATES

Legal Authority:  27 USC 205

CFR Citation:  27 CFR 4.25a(d) to 4.25a(e)

Legal Deadline: None

Abstract: ATF is proposing to amend its regulations to liberalize the 
requirements for using a multistate appellation of origin on a wine 
label.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/14/93                    58 FR 65295
NPRM Comment Period End         01/13/94
NPRM Comment Period Extended    01/18/94                     59 FR 2548
NPRM Comment Period Extended End03/21/94
Final Action                    12/01/94

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: David Brokaw, Coordinator, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226, 202 927-8230

RIN: 1512-AB28
_______________________________________________________________________

    FIREARMS

_________________________________________________________________________
3114. BRADY BILL REGULATIONS

Legal Authority:  5 USC 552(a); 18 USC 847; 18 USC 921 to 930; 44 USC 
3504(h)

CFR Citation:  27 CFR 178

Legal Deadline: None

Abstract: ATF is issuing this temporary rule, and notice of proposed 
rulemaking, to implement the provisions of Public Law 103-159, 
including the Brady Handgun Violence Prevention Act. The regulations 
implement the law by imposing a 5-day waiting period before a licensed 
firearms importer, manufacturer, or dealer may lawfully transfer a 
handgun to a nonlicensed individual.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            02/14/94                     59 FR 7115
Interim Final Rule              02/14/94                     59 FR 7110
Interim Final Rule Effective    02/28/94
NPRM Comment Period End         05/16/94
Final Action                    03/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: James Ficaretta, Coordinator, Department of the 
Treasury, Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts 
Avenue NW., Washington, DC 20226, 202 927-8230

RIN: 1512-AB23
_______________________________________________________________________

    PROCEDURAL

_________________________________________________________________________
3115. 27 CFR PART 70--CONFERENCE AND PRACTICE REQUIREMENTS FOR THE BUREAU 
OF ALCOHOL, TOBACCO AND FIREARMS

Legal Authority:  26 USC 7805

CFR Citation:  27 CFR 70.511 to 70.526

Legal Deadline: None

Abstract: To document the adoption of certain conference and practice 
rules from IRS regulations in 26 CFR part 600 to ATF regulations in 27 
CFR part 70. Currently the conference and practice regulations for ATF 
are still found in 26 CFR part 600 which is administered by IRS. By 
this final rule Sections 601.521 through 601.525 are adopted in whole 
and applicable sections of 601.501 through 601.509 are adopted in part 
and placed in 27 CFR part 70 which is administered by ATF.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action                    03/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Nancy Bryce, Specialist, Department of the Treasury, 
Bureau of Alcohol, Tobacco and Firearms, 650 Massachusetts Avenue NW., 
Washington, DC 20226, 202 927-8220

RIN: 1512-AB11
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions
Bureau of Alcohol, Tobacco and Firearms (BATF)
  
_______________________________________________________________________
  
3116. 27 CFR PART 71--PUBLICITY OF INFORMATION

CFR Citation:  27 CFR 71.21; 27 CFR 71.24 to 71.28

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Withdrawn                       06/02/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Nancy Bryce, 202 927-8220

RIN: 1512-AB21
_______________________________________________________________________

3117. CERTIFICATION OF PERIODS OF INTEREST WITH RESPECT TO CERTAIN 
OVERPAYMENTS

CFR Citation:  27 CFR 70

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action                    06/07/94                    59 FR 29366
Final Action Effective          06/07/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jackie White, 202 927-8220

RIN: 1512-AB27
[FR Doc. 94-21658 Filed 11-10-94; 8:45 am]
BILLING CODE 4810-31-F

_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                                     
 
Comptroller of the Currency (OCC)
  
_______________________________________________________________________
  

Comptroller of the Currency

12 CFR Ch. I

Semiannual Agenda of Regulatory Actions

AGENCY: Office of the Comptroller of the Currency, Treasury.

ACTION: Semiannual agenda of regulations.

_______________________________________________________________________

SUMMARY: As required by the Regulatory Flexibility Act and Executive 
Order 12866, the Office of the Comptroller of the Currency (OCC) has 
prepared this semiannual agenda of its rules and regulations currently 
under review and scheduled for review. Regulatory actions taken since 
the publication of the OCC's previous semiannual agenda on April 25, 
1994 (59 FR 20836), are also included. It is expected that this 
semiannual agenda will enable the public to be more aware of and allow 
it to more effectively participate in the OCC's regulatory activity.

ADDRESSES: The mailing address for all contacts: Office of the 
Comptroller of the Currency, 250 E Street SW., Washington, DC 20219.

FOR FURTHER INFORMATION CONTACT: For general information about this 
semiannual agenda, contact John Ference, Financial/Regulatory Analyst, 
Legislative, Regulatory, and International Activities Division, (202) 
874-5090.

    For further information about a particular item on this 
semiannual agenda, contact the individual identified as the contact 
person.

SUPPLEMENTARY INFORMATION: Set forth below are regulatory projects 
currently under review or scheduled for review. Some of these 
regulations may be issued jointly with other Federal Government 
agencies.

Dated: August 5, 1994.

Julie L. Williams,

Chief Counsel.

                                Comptroller of the Currency--Proposed Rule Stage                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3118        12 CFR 4  Description of Office, Procedures, Public Information; Regulation Review....    1557-AA67 
3119        12 CFR 9  Fiduciary Powers of National Banks and Collective Investment Funds;                       
            Regulation Review.....................................................................    1557-AB12 
3120        12 CFR 3  Capital Rules...............................................................    1557-AB14 
3121        12 CFR 19  Independent Annual Audits of Insured Depository Institutions; Suspension                 
            and Debarment of Accountants..........................................................    1557-AB15 
3122        12 CFR 20  International Operations and Federal Branches and Agencies; Regulation                   
            Review................................................................................    1557-AB26 
3123        12 CFR 5  Rules, Policies, and Procedures for Corporate Activities; Regulation Review.    1557-AB27 
3124        12 CFR 25  Community Reinvestment Act Regulation (Reg Plan Seq. No. 138)..............    1557-AB32 
3125        12 CFR 1  Investment Securities; Regulation Review....................................    1557-AB37 
3126        12 CFR 7  Interpretive Rulings; Regulation Review.....................................    1557-AB38 
3127        12 CFR 26  Management Official Interlocks; Regulation Review..........................    1557-AB39 
3128        12 CFR 31  Extensions of Credit to National Bank Insiders; Regulation Review..........    1557-AB40 
3129        12 CFR 8  Assessment of Fees; National Banks; District of Columbia Banks..............   1557-AB41  
----------------------------------------------------------------------------------------------------------------
References in boldface appear in the Regulatory Plan in Part II of this issue of the Federal Register.          


                                  Comptroller of the Currency--Final Rule Stage                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3130        12 CFR 16  Securities Offering Disclosure Rules.......................................    1557-AA65 
3131        12 CFR 32  Lending Limits; Regulation Review..........................................    1557-AA72 
3132        12 CFR 30  Standards for Safety and Soundness.........................................    1557-AB17 
3133        12 CFR 21.11  Criminal Referral Report................................................    1557-AB19 
----------------------------------------------------------------------------------------------------------------


                                 Comptroller of the Currency--Completed Actions                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3134        12 CFR 4.19  Production of Documents and Testimony in Litigation Where the Comptroller              
            or the Office Is Not a Party..........................................................    1557-AA57 
3135        12 CFR 4  Minority-, Women- and Individuals with Disabilities-Owned Business                        
            Contracting Outreach Program..........................................................    1557-AA92 
3136        12 CFR 27  Fair Housing Home Loan Data System.........................................    1557-AB33 
3137        12 CFR 34  Real Estate Lending and Appraisals.........................................    1557-AB34 
----------------------------------------------------------------------------------------------------------------

      
  
          
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage
Comptroller of the Currency (OCC)
  
_______________________________________________________________________
  
3118. DESCRIPTION OF OFFICE, PROCEDURES, PUBLIC INFORMATION; REGULATION 
REVIEW

Legal Authority:  5 USC 552; 12 USC 93a

CFR Citation:  12 CFR 4; 12 CFR 8; 12 CFR 10; 12 CFR 18; 12 CFR 21; 12 
CFR 22

Legal Deadline: None

Abstract: The OCC, as part of the OCC Regulation Review Program, is 
reviewing all of its rules regarding description of office and 
availability of information. The OCC will update its description of 
office, and will clarify its rules on public access to information. The 
OCC will also propose new rules regarding the release of non-public 
documents and testimony in certain legal proceedings, as well as review 
other listed regulations for needed administrative and technical 
changes.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: Revised RIN 1557-AA67 pertains to a total 
review of 12 CFR 4. This total revision will include former projects 
relating to 12 CFR 4.11 (former RIN 1557-AA67) and 12 CFR 4.19 (former 
RIN 1557-AA57); which will no longer be separate projects.

Agency Contact: Andrew Gutierrez, Attorney, Department of the Treasury, 
Comptroller of the Currency, Legislative, Regulatory & International, 
Activities Division, 250 E Street SW., Washington, DC 20219, 202 874-
5090

RIN: 1557-AA67
_______________________________________________________________________

3119. FIDUCIARY POWERS OF NATIONAL BANKS AND COLLECTIVE INVESTMENT FUNDS; 
REGULATION REVIEW

Legal Authority:  12 USC 24 (Seventh); 12 USC 92a; 12 USC 93a; 12 USC 
481; 15 USC 78c(a)(34)(B); 15 USC 78q; 15 USC 78q-1; 15 USC 78w

CFR Citation:  12 CFR 9

Legal Deadline: None

Abstract: The OCC, as part of the OCC Regulation Review Program, is 
reviewing all its rules and eliminating or modifying regulations that 
impose unnecessary burdens relative to maintaining safety and soundness 
and accomplishing other statutory responsibilities of the OCC. As part 
of that Program, the OCC is conducting an overall review of its rules 
regarding fiduciary powers of national banks and collective investment 
funds. The OCC would update and clarify its rules, codify recent court 
decisions, codify administrative decisions, streamline processes, and 
eliminate any unnecessary regulatory burden. The OCC will work to 
insure that its changes do not erode public protection or bank safety 
and soundness.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: ADDITIONAL AGENCY CONTACT: Dean E. Miller, 
Senior Advisor for Fiduciary Responsibilities, (202) 874-4447, 250 E 
Street SW., Washington, DC 20219. The former regulatory project issues 
concerning ratable distributions and collateralization of trust funds 
awaiting investment or distribution will be addressed in the Part 9 
Regulation Review Project. The OCC expects the Part 9 Regulation Review 
Project to continue as the sole project under RIN 1557-AB12.

Agency Contact: Aline Henderson, Senior Attorney, Department of the 
Treasury, Comptroller of the Currency, Legislative, Regulatory, and 
International Activities Division, 250 E Street SW., Washington, DC 
20219, 202 874-5090

RIN: 1557-AB12
_______________________________________________________________________

3120. CAPITAL RULES

Legal Authority:  12 USC 93a; 12 USC 161; 12 USC 1828 Note; 12 USC 1831 
Note; 12 USC 3907; 12 USC 3909

CFR Citation:  12 CFR 3

Legal Deadline:  Final, Statutory, June 19, 1993.

Abstract: As part of the OCC's ongoing efforts to develop and refine 
capital standards to ensure the safety and soundness of the national 
banking system and to implement statutory requirements, the OCC is 
proposing to amend various provisions of the capital rules for national 
banks. Specifically, these changes include: (1) rule on interest rate 
risk; (2) rule on concentrations of credit and nontraditional 
activities; (3) rule on deferred tax assets; (4) rule on on certain 
collateralized transactions; (5) rule on unrealized gains or losses on 
investment securities available for sale under FAS 115; (6) rule on 
recourse arrangements and direct credit substitutes; (7) rule on 
netting of derivatives; (8) rule on expanded matrix for off-balance 
sheet instruments; and (9) rule on OECD membership.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Rule                      00/00/00
Collateralized Transactions  NPRM 08/18/93 (58 FR 43822)  Final Rule 
12/00/94

Concentrations/Nontraditional Activities  ANPRM 08/10/92 (57 FR 
35507)  NPRM 02/22/94 (59 FR 8420)  Final Rule 12/00/94

Deferred Tax Assets  NPRM 12/20/93 (58 FR 68065)  Final Rule 03/00/95

Expanded Matrix  NPRM 09/01/94 (59 FR 45243)  NPRM Comment Period End 
10/21/94 (59 FR 45243)

Interest Rate Risk  ANPRM 08/10/92 (57 FR 35507)  NPRM 09/14/93 (58 FR 
48206)  Final Rule 03/00/95

Net Unrealized Gains & Losses  NPRM 04/18/94 (59 FR 18328)  Final Rule 
03/00/95

Netting of Derivatives  NPRM 05/20/94 (59 FR 26456)

OECD Membership  NPRM 10/00/94

Recourse Arrangements  Combined ANPRM/NPRM 05/24/94 (59 FR 27116)

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: ADDITIONAL AGENCY CONTACT: Roger Tufts, Senior 
Economic Advisor, or Christina Benson, National Bank Examiner, Office 
of the Chief National Bank Examiner, (202) 874-5270, 250 E Street S.W., 
Washington DC 20219.

Agency Contact: Ronald Shimabukuro, Senior Attorney, Department of the 
Treasury, Comptroller of the Currency, Bank Operations and Assets 
Division, 250 E Street SW., Washington, DC 20219, 202 874-4460

RIN: 1557-AB14
_______________________________________________________________________

3121. INDEPENDENT ANNUAL AUDITS OF INSURED DEPOSITORY INSTITUTIONS; 
SUSPENSION AND DEBARMENT OF ACCOUNTANTS

Legal Authority:  12 USC 93a; 12 USC 1831m

CFR Citation:  12 CFR 19

Legal Deadline: None

Abstract: This rulemaking would implement section 112(g)(4) of the 
Federal Deposit Insurance Corporation Improvement Act of 1991 which 
requires the Federal banking agencies to develop joint procedures for 
the suspension and debarment of accountants, upon a showing of good 
cause, from performing certain audit services.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Barrett Aldemeyer, Senior Counsel, Department of the 
Treasury, Comptroller of the Currency, Legislative, Regulatory, and 
International Activities Division, 250 E Street SW., Washington, DC 
20219, 202 874-5090

RIN: 1557-AB15
_______________________________________________________________________

3122. INTERNATIONAL OPERATIONS AND FEDERAL BRANCHES AND AGENCIES; 
REGULATION REVIEW

Legal Authority:  12 USC 93a; 12 USC 3101 et seq

CFR Citation:  12 CFR 20; 12 CFR 28; 12 CFR 5

Legal Deadline: None

Abstract: The OCC, as part of the OCC Regulation Review Program, is 
reviewing all its rules and eliminating regulations that impose 
unnecessary burdens relative to maintaining safety and soundness and 
accomplishing other statutory responsibilities of the OCC. As part of 
that Program, the OCC is conducting an overall review of its rules 
regarding national banks' international activities in Part 20 and the 
activities of Federal branches and agencies of foreign banks in the 
United States in Part 28. The OCC will update and clarify its rules, 
streamline processes, and eliminate any unnecessary regulatory burden. 
The OCC will work to insure that its changes do not erode public 
protection or bank safety and soundness.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Raija Bettauer, Counselor for International Activities, 
Department of the Treasury, Comptroller of the Currency, 250 E Street 
SW., Washington, DC 20219, 202 874-5200

RIN: 1557-AB26
_______________________________________________________________________

3123. RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES; 
REGULATION REVIEW

Legal Authority:  12 USC 1 et seq; 12 USC 93a

CFR Citation:  12 CFR 5

Legal Deadline: None

Abstract: The OCC, as part of the OCC Regulation Review Program, is 
reviewing all its rules and eliminating regulations that impose 
unnecessary burdens relative to maintaining safety and soundness and 
accomplishing other statutory responsibilities of the OCC. Under this 
Program, the OCC is reviewing its rules, policies, and procedures 
governing corporate activities. These rulemakings will assist the OCC 
in fulfilling its responsibility for maintaining the safety and 
soundness of national banks and the national banking system, eliminate 
unnecessary burden, and improve OCC efficiency.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: ADDITIONAL AGENCY CONTACT: Deborah Jan Kalmus, 
National Bank Examiner, Senior Licensing Policy and Systems Analyst, 
Licensing Policy and Systems Division, at (202) 874-5060. The former 
regulatory project issues concerning changes in directors and senior 
executive officers and change in bank control will be addressed in the 
Part 5 Regulation Review project which is the sole project under RIN 
1557-AB27.

Agency Contact: Laurie Sears, Attorney, Department of the Treasury, 
Comptroller of the Currency, Legislative, Regulatory, and International 
Activities Division, 250 E Street SW., Washington, DC 20219, 202 874-
5090

RIN: 1557-AB27
_______________________________________________________________________

3124. COMMUNITY REINVESTMENT ACT REGULATION

Regulatory Plan:  This entry is Seq. No. 138 in Part II of this issue 
of the Federal Register.

RIN: 1557-AB32
_______________________________________________________________________

3125. INVESTMENT SECURITIES; REGULATION REVIEW

Legal Authority:  12 USC 1 et seq; 12 USC 24 (Seventh); 12 USC 93a

CFR Citation:  12 CFR 1; 12 CFR 7

Legal Deadline: None

Abstract: The OCC, as part of the OCC Regulation Review Program, is 
reviewing all its rules and eliminating regulations that impose 
unnecessary burdens relative to maintaining safety and soundness and 
accomplishing other statutory responsibilities of the OCC. As part of 
that Program, the OCC is conducting an overall review of its rules 
regarding investment securities. The OCC would update and clarify its 
rules, codify recent court decisions, codify administrative decisions, 
incorporate statutory changes, streamline processes, and eliminate any 
unnecessary regulatory burden. The OCC will work to insure that its 
changes do not erode public protection or bank safety and soundness.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Martha Clarke, Senior Attorney, Department of the 
Treasury, Comptroller of the Currency, Legislative, Regulatory, and 
International Activities Division, 250 E Street SW., Washington, DC 
20219, 202 874-5090

RIN: 1557-AB37
_______________________________________________________________________

3126. INTERPRETIVE RULINGS; REGULATION REVIEW

Legal Authority:  12 USC 93a

CFR Citation:  12 CFR 7

Legal Deadline: None

Abstract: The OCC, as part of the OCC Regulation Review Program, is 
reviewing all its rules and eliminating regulations that impose 
unnecessary burdens relative to maintaining safety and soundness and 
accomplishing other statutory responsibilities of the OCC. As part of 
that program, the OCC is conducting a comprehensive review of the 
interpretive rules in this part. The OCC would update and clarify its 
provisions in order to eliminate any unnecessary regulatory burden. The 
OCC will work to ensure that its revisions to this part do not 
adversely affect a bank's ability to compete in the financial services 
market or erode bank safety and soundness.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: William Templeton, Senior Attorney, Department of the 
Treasury, Comptroller of the Currency, Legislative, Regulatory, and 
International, Activities Division, 250 E Street SW., Washington, DC 
20219, 202 874-5090

RIN: 1557-AB38
_______________________________________________________________________

3127. MANAGEMENT OFFICIAL INTERLOCKS; REGULATION REVIEW

Legal Authority:  12 USC 3207; 12 USC 93a

CFR Citation:  12 CFR 26

Legal Deadline: None

Abstract: The OCC, as part of the OCC Regulation Review program, is 
reviewing all its rules and eliminating regulations that impose 
unnecessary burdens relative to maintaining safety and soundness and 
accomplishing other statutory responsibilities of the OCC. As part of 
that Program, the OCC is conducting a comprehensive review of the 
Management Interlocks regulations. The OCC would update and clarify its 
regulation in order to eliminate any provisions that impose unnecessary 
regulatory burdens relative to the anticompetitive concerns that 
underlie the regulation.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: William Templeton, Senior Attorney, Department of the 
Treasury, Comptroller of the Currency, Legislative, Regulatory, and 
International, Activities Division, 250 E Street SW., Washington, DC 
20219, 202 874-5090

RIN: 1557-AB39
_______________________________________________________________________

3128. EXTENSIONS OF CREDIT TO NATIONAL BANK INSIDERS; REGULATION REVIEW

Legal Authority:  12 USC 375a(4); 12 USC 375b(3); 12 USC 1817(k); 12 
USC 1972(2)(G)(ii)

CFR Citation:  12 CFR 31

Legal Deadline: None

Abstract: The OCC, as part of the OCC Regulation Review Program, is 
reviewing all its rules and eliminating or modifying regulations that 
impose unnecessary burdens relative to maintaining safety and soundness 
and accomplishing other statutory responsibilities of the OCC. As part 
of that Program, the OCC is conducting an overall review of its rules 
regarding loans to insiders. The OCC would also update these rules as 
needed.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: ADDITIONAL AGENCY CONTACTS: Cynthia Brown, 
National Bank Examiner, Office of the Chief National Bank Examiner, 
(202) 874-5170; Michele Meyer, Attorney, Bank Operations and Assets 
Division, (202) 874-4460; 250 E Street, SW., Washington, DC 20219.

Agency Contact: Aline Henderson, Senior Attorney, Department of the 
Treasury, Comptroller of the Currency, Legislative, Regulatory, and 
International, Activities Division, 250 E Street SW., Washington, DC 
20219, 202 874-5090

RIN: 1557-AB40
_______________________________________________________________________

3129.  ASSESSMENT OF FEES; NATIONAL BANKS; DISTRICT OF COLUMBIA 
BANKS

Legal Authority:  12 USC 93a; 12 USC 481; 12 USC 482; 12 USC 5102; 15 
USC 78c and l; 26 DC Code 102

CFR Citation:  12 CFR 8

Legal Deadline: None

Abstract: This rulemaking would reconsider the OCC's methodology for 
calculating assessments and fees.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: ADDITIONAL AGENCY CONTACT: Patricia Grady, 
Senior Attorney, Legislative, Regulatory, & International Activities 
Division, (202) 874-5090, 250 E Street, SW., Washington, DC 20219.

Agency Contact: Roy Madsen, Assistant Chief Financial Officer, 
Department of the Treasury, Comptroller of the Currency, Financial 
Systems Management Division, 250 E Street, SW., Washington, DC 20219, 
202 874-5130

RIN: 1557-AB41
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage
Comptroller of the Currency (OCC)
  
_______________________________________________________________________
  
3130. SECURITIES OFFERING DISCLOSURE RULES

Legal Authority:  12 USC 1 et seq; 12 USC 93a

CFR Citation:  12 CFR 16; 12 CFR 5

Legal Deadline: None

Abstract: This rulemaking would amend the OCC's disclosure requirements 
for offers and sales of national bank securities and the requirements 
regarding equity capital and subordinated debt. The OCC is considering 
eliminating regulations detailing the contents of offering documents 
covering national bank securities and instead requiring that offering 
documents contain the information that would be required by the 
appropriate Securities and Exchange Commission (SEC) form for 
registration. The OCC also is considering cross-referencing certain 
definitions and exemptions in the Securities Act of 1933 as well as a 
number of SEC rules.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/15/92                    57 FR 47280
NPRM Comment Period End         12/14/92                    57 FR 47280
NRPM Comment Period Extended to 
02/01/93                        01/22/93                     58 FR 4600
Final Action                    12/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Elizabeth Malone, Senior Attorney, Department of the 
Treasury, Comptroller of the Currency, Securities, Investments, and 
Fiduciary Practices Division, 250 E Street SW., Washington, DC 20219, 
202 874-5210

RIN: 1557-AA65
_______________________________________________________________________

3131. LENDING LIMITS; REGULATION REVIEW

Legal Authority:  12 USC 84; 12 USC 93a

CFR Citation:  12 CFR 32; 12 CFR 7

Legal Deadline: None

Abstract: The OCC, as part of the OCC Regulation Review Program, is 
reviewing all its rules and eliminating regulations that impose 
unnecessary burdens relative to maintaining safety and soundness and 
accomplishing other statutory responsibilities of the OCC. As part of 
that Program, the OCC is conducting an overall review of its rules 
regarding lending limits. Further, to implement the President's Credit 
Availability Program, the OCC will review this regulation and remove 
any provisions that frustrate bank efforts to make credit available, 
consistent with safety and soundness standards. The OCC would update 
and clarify its rules and eliminate any unnecessary regulatory burden. 
The OCC will work to insure that its changes do not affect a bank's 
ability to compete in the financial services market and erode bank 
safety and soundness.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            02/11/94                     59 FR 6593
NPRM Comment Period End         04/12/94                     59 FR 6593
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: ADDITIONAL AGENCY CONTACTS: William C. Kerr, 
National Bank Examiner, Office of the Chief National Bank Examiner, 
(202) 874-5170; Stephen Freeland, Attorney, Bank Operations and Assets 
Division, (202) 874-4460; Deborah Katz, Senior Attorney, Enforcement 
and Compliance Division, (202) 874-4800; 250 E Street SW., Washington, 
DC 20219.

Agency Contact: William Templeton, Senior Attorney, Department of the 
Treasury, Comptroller of the Currency, Legislative, Regulatory, and 
International Activities Division, 250 E Street SW., Washington, DC 
20219, 202 874-5090

RIN: 1557-AA72
_______________________________________________________________________

3132. STANDARDS FOR SAFETY AND SOUNDNESS

Legal Authority:  12 USC 93a; 12 USC 1831p-1

CFR Citation:  12 CFR 30

Legal Deadline:  Final, Statutory, August 1, 1993.

Abstract: This rulemaking would implement section 39 of the Federal 
Deposit Insurance Act, as added by section 132 of the Federal Deposit 
Insurance Corporation Improvement Act of 1991. Section 39 requires the 
OCC and other Federal banking agencies to prescribe certain safety and 
soundness standards for insured depository institutions and depository 
institution holding companies. Standards must be prescribed in three 
principal areas: (1) operational and managerial; (2) asset quality, 
earnings, and stock valuation; and (3) employee compensation. If an 
insured depository institution does not meet one of these standards, 
section 39 requires that the institution establish a plan, acceptable 
to its primary regulator, to achieve compliance with the standard.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           07/15/92                    57 FR 31336
ANPRM Comment Period End        09/16/92                    57 FR 31336
NPRM                            11/18/93                    58 FR 60802
NPRM Comment Period End         01/03/94                    58 FR 60802
Final Action                    11/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: ADDITIONAL AGENCY CONTACT: David Thede, Senior 
Attorney, Bank Operations and Assets Division, (202) 874-4460, 250 E 
Street SW., Washington, DC 20219.

Agency Contact: Emily R. McNaughton, National Bank Examiner, Department 
of the Treasury, Comptroller of the Currency, Office of the Chief 
National Bank Examiner, 250 E Street SW., Washington, DC 20219, 202 
874-5170

RIN: 1557-AB17
_______________________________________________________________________

3133. CRIMINAL REFERRAL REPORT

Legal Authority:  12 USC 93a; 12 USC 1818; 12 USC 1881 to 1884; 12 USC 
3401 to 3422

CFR Citation:  12 CFR 21.11

Legal Deadline: None

Abstract: The OCC, as part of an interagency task force, has designed a 
uniform multiagency criminal referral form. The form will facilitate 
financial institutions' compliance with criminal activity reporting 
requirements, and will enhance law enforcement agencies' ability to 
investigate the matters reported in the criminal referrals. The 
information from the form will also be entered into a new interagency 
database which will enhance the regulatory and law enforcement 
agencies' ability to track criminal and administrative cases. This 
uniform criminal referral form is intended to replace the various 
criminal referral forms currently used by Federal bank, thrift, and 
credit union regulatory agencies and by financial institutions. This 
rulemaking would conform OCC's regulations to the new procedures for 
completion and submission of the uniform criminal referral form. This 
action is intended to improve reporting of crimes relating to financial 
institutions and to serve as a basis for a new interagency computer 
database.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Interim Final Rule              00/00/00

Small Entities Affected: None

Government Levels Affected: Federal

Agency Contact: Robert S. Pasley, Assistant Director, Department of the 
Treasury, Comptroller of the Currency, Enforcement and Compliance 
Division, 250 E Street SW., Washington, DC 20219, 202 874-4800

RIN: 1557-AB19
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions
Comptroller of the Currency (OCC)
  
_______________________________________________________________________
  
3134. PRODUCTION OF DOCUMENTS AND TESTIMONY IN LITIGATION WHERE THE 
COMPTROLLER OR THE OFFICE IS NOT A PARTY

CFR Citation:  12 CFR 4.19; 12 CFR 4.18(c); 12 CFR 7.6025(c); 12 CFR 
4.18(a); 12 CFR 4.18(b); 12 CFR 4.16(b); 12 CFR 4.13 to 4.17a

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Merged into RIN 1557-AA67       07/18/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Lester N. Scall, 202 874-5280

RIN: 1557-AA57
_______________________________________________________________________

3135. MINORITY-, WOMEN- AND INDIVIDUALS WITH DISABILITIES-OWNED BUSINESS 
CONTRACTING OUTREACH PROGRAM

CFR Citation:  12 CFR 4

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action                    09/08/94                    59 FR 46325
Final Action Effective          10/01/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Patricia Grady, 202 874-5090

RIN: 1557-AA92
_______________________________________________________________________

3136. FAIR HOUSING HOME LOAN DATA SYSTEM

CFR Citation:  12 CFR 27

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action                    05/20/94                    59 FR 26411
Final Action Effective          06/20/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: F. John Podvin, Jr., 202 874-4460

RIN: 1557-AB33
_______________________________________________________________________

3137. REAL ESTATE LENDING AND APPRAISALS

CFR Citation:  12 CFR 34; 12 CFR 34 app A; 12 CFR 7

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action                    06/07/94                    59 FR 29482
Final Action Effective          06/07/94                    59 FR 29482

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Horace Sneed, 202 874-4460

RIN: 1557-AB34
[FR Doc. 94-23420 Filed 11-10-94; 8:45 am]
BILLING CODE 4810-33-F

_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                                     
 
United States Customs Service (CUSTOMS)
  
_______________________________________________________________________
  

Customs Service

19 CFR Ch. I

Semiannual Agenda

AGENCY: U.S. Customs Service, Treasury.

ACTION: Semiannual agenda.

_______________________________________________________________________

SUMMARY: In response to Executive Order 12866 ``Regulatory Planning and 
Review'' and the Regulatory Flexibility Act (5 U.S.C. 605), Customs is 
publishing for public information a list of regulations either under 
development or under review.

FOR FURTHER INFORMATION CONTACT: For additional information about a 
specific regulation contained in this agenda, contact the ``Agency 
Contact'' listed in the specific regulatory action.

SUPPLEMENTARY INFORMATION: The projects listed below are not considered 
to be ``significant regulatory actions'' within the meaning of E.O. 
12866 and will not have a significant economic impact on small entities 
within the meaning of the Regulatory Flexibility Act.

    General statutory authority for the development or review of 
regulations relating to Customs matters is found in section 301, 
title 5, United States Code (5 U.S.C. 301), and in sections 66 and 
1624, title 19, United States Code (19 U.S.C. 66, 1624). When 
appropriate, additional specific statutory authority is indicated 
as the legal authority for the project.

Dated: August 11, 1994.

Samuel H. Banks,

Assistant Commissioner, Commercial Operations.

                               United States Customs Service--Proposed Rule Stage                               
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3138        19 CFR 111  Broker Compliance.........................................................    1515-AA85 
3139        19 CFR 111.14  Contracting Out of Investigations......................................    1515-AA90 
3140        19 CFR 132  Quota Processing..........................................................    1515-AA98 
3141        19 CFR 122  Aircraft Arriving From Puerto Rico and U.S. Virgin Islands................    1515-AA99 
3142        19 CFR 101  Standards for the Establishment of Customs Services.......................    1515-AB18 
3143        19 CFR 142  Publication of Filer Codes................................................    1515-AB27 
3144        19 CFR 141  Identifying Merchandise Subject to Antidumping or Countervailing Duty                   
            Orders................................................................................    1515-AB32 
3145        19 CFR 152  Customs Valuation of Merchandise Sold for Exportation to the United States    1515-AB35 
3146        19 CFR 101  Test Programs.............................................................    1515-AB47 
3147        19 CFR 191  Substitution Unused Merchandise Drawback..................................    1515-AB48 
3148        19 CFR 133  Parallel Imports and Other Trademarked Goods..............................    1515-AB49 
3149        19 CFR 10  Treatment of Reusable Shipping Devices Arriving From Canada or Mexico......    1515-AB51 
3150        19 CFR 123  Examination of Baggage....................................................    1515-AB56 
3151        19 CFR 103  Disclosure or Production of Customs Information Pursuant to Legal Process.    1515-AB58 
3152        19 CFR 10  Andean Trade Preference....................................................    1515-AB59 
3153        19 CFR 113  Accreditation of Commercial Testing Laboratories; Approval of Commercial                
            Gaugers...............................................................................    1515-AB60 
3154        19 CFR 134  Country-of-Origin Marking Requirements for Frozen Produce Packages........    1515-AB61 
----------------------------------------------------------------------------------------------------------------


                                 United States Customs Service--Final Rule Stage                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3155        19 CFR 4  Harbor Maintenance Fee......................................................    1515-AA57 
3156        19 CFR 162  Highest Degree of Care and Diligence To Prevent Unmanifested Narcotics and              
            Marijuana.............................................................................    1515-AA67 
3157        19 CFR 10  United States-Israel Free Trade............................................    1515-AA84 
3158        19 CFR 24  Donated Cargo Exemption From Harbor Maintenance Fee........................    1515-AA87 
3159        19 CFR 10  Voluntary Restraint Arrangements--Steel....................................    1515-AB04 
3160        19 CFR 7.8  U.S. Insular Possessions--Duty-Free Treatment.............................    1515-AB14 
3161        19 CFR 141.89  Invoice Requirements...................................................    1515-AB17 
3162        19 CFR 102 (New)  Rules of Origin.....................................................    1515-AB19 
3163        19 CFR 146  Petroleum Refineries in Foreign Trade Subzones............................    1515-AB20 
3164        19 CFR 113  Automated Surety Interface................................................    1515-AB25 
3165        19 CFR 133  Disclosure of Information to Intellectual Property Rights Owners..........    1515-AB28 
3166        19 CFR 4  Pay Reform for Customs Inspectional Services................................    1515-AB30 
3167        19 CFR 10  North American Free Trade Agreement........................................    1515-AB33 
3168        19 CFR 12  Rules for Determining the Country of Origin of a Good for Purposes of Annex              
            311 of the North American Free Trade Agreement........................................    1515-AB34 
3169        19 CFR 4  Preliminary Vessel Entry and Permits To Lade and Unlade.....................    1515-AB37 
3170        19 CFR 24  Fees Assessed for Defaulted Payments.......................................    1515-AB38 
3171        19 CFR 141  Establishment of Conditional Release Period for Textiles and Textile                    
            Products..............................................................................    1515-AB39 
3172        19 CFR 12  Importer Certification Regarding Country of Origin of Textiles and Textile               
            Products..............................................................................    1515-AB43 
3173        19 CFR 12  Enforcement of ITC Exclusion Orders........................................    1515-AB44 
3174        19 CFR 4  Filing of Export Certificates...............................................    1515-AB46 
3175        19 CFR 12  North American Free Trade Agreement--Submission of Certificates of                       
            Eligibility for Textile and Apparel Goods Under the Tariff Preference Level Provisions    1515-AB50 
3176        19 CFR 10  Express Consignments: Formal and Informal Entries of Merchandise;                        
            Administrative Exemptions.............................................................    1515-AB53 
3177        19 CFR 12  Textiles and Textile Products Subject to Textile Trade Agreements..........    1515-AB54 
3178        19 CFR 19  Authorization of Bonded Carriers to Transport Cargo Within Port Limits                   
            Without Obtaining Cartman's License...................................................    1515-AB57 
----------------------------------------------------------------------------------------------------------------


                                United States Customs Service--Completed Actions                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3179        19 CFR 103  Testimony or the Production of Documents in Court.........................    1515-AB02 
3180        19 CFR 141  Prefiling of Entry Documentation..........................................    1515-AB21 
3181        19 CFR 4  Technical Corrections to the Customs Regulations Relating to Customs                      
            Modernization.........................................................................    1515-AB36 
3182        19 CFR 10  Elimination of Certain Documentation Requirements for Articles Entered                   
            Under Various Special Tariff Treatment Provisions and Programs........................    1515-AB40 
3183        19 CFR 4  Small Vessel Reporting of Arrival in Miami District.........................    1515-AB41 
3184        19 CFR 4  Extension of Time in Which To File Vessel Repair Documents..................    1515-AB42 
3185        19 CFR 10  Duty-Free Treatment To Be Accorded the Reimportation of Certain Articles                 
            Originally Imported Duty-Free.........................................................    1515-AB45 
3186        19 CFR 174  Permitted Forms of Signatures on Protest..................................    1515-AB52 
3187        19 CFR 12  Extension of Import Restrictions on Significant Archaeological Artifacts                 
            From Peru.............................................................................    1515-AB55 
----------------------------------------------------------------------------------------------------------------

      
  
          
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage
United States Customs Service (CUSTOMS)
  
_______________________________________________________________________
  
3138. BROKER COMPLIANCE

Legal Authority:  19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 1641

CFR Citation:  19 CFR 111

Legal Deadline: None

Abstract: Amendment of Customs Regulations to permit more effective 
management of the broker community's legal requirements and to allow 
Customs to deal with operational problems dealing with brokers and to 
facilitate processing license applications and the review of penalty 
recommendations forwarded by District Directors.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            02/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Bruce Friedman, Chief, Broker Compliance and Evaluation 
Branch, Department of the Treasury, United States Customs Service, Room 
1422, 1301 Constitution Avenue NW., Washington, DC 20229, 202 927-0380

RIN: 1515-AA85
_______________________________________________________________________

3139. CONTRACTING OUT OF INVESTIGATIONS

Legal Authority:  19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 1641; 19 
USC 1551; 19 USC 1565; 19 USC 1623

CFR Citation:  19 CFR 111.14; 19 CFR 112

Legal Deadline: None

Abstract: Amends Customs regulations to permit the contracting out of 
investigations which Customs is required to perform.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Frank Algozzini, Project Officer, Department of the 
Treasury, United States Customs Service, Room B420, 1301 Constitution 
Avenue NW., Washington, DC 20229, 202 927-0006

RIN: 1515-AA90
_______________________________________________________________________

3140. QUOTA PROCESSING

Legal Authority:  19 USC 1624; 19 USC 1202; 19 USC 66; 19 USC 1623

CFR Citation:  19 CFR 132; 19 CFR 141; 19 CFR 142

Legal Deadline: None

Abstract: Proposal to permit certain filers using the automated broker 
interface who pay duties and taxes through the statement processing 
program using the ACH electronic payment mechanism to receive a date 
and time of presentation for quota merchandise consistent with the date 
and time of arrival of the carrier on which the quota class merchandise 
was carried even if the Customs office is not open at that time.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Linda Mays, Operations Officer, Department of the 
Treasury, United States Customs Service, ICC Building, Room 2379, 1301 
Constitution Avenue NW., Washington, DC 20229, 202 566-8592

RIN: 1515-AA98
_______________________________________________________________________

3141. AIRCRAFT ARRIVING FROM PUERTO RICO AND U.S. VIRGIN ISLANDS

Legal Authority:  5 USC 301; 19 USC 58b; 19 USC 66; 19 USC 1433; 19 USC 
1436; 19 USC 1459; 19 USC 1590; 19 USC 1624; 19 USC 1644; 49 USC app 
1509

CFR Citation:  19 CFR 122

Legal Deadline: None

Abstract: Rule to require aircraft arriving from Puerto Rico or U.S. 
Virgin Islands to comply with landing requirements for private aircraft 
arriving from areas south of the United States.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: John Bamford, Enforcement Aviation Operations Officer, 
Department of the Treasury, United States Customs Service, Room 5303, 
1301 Constitution Avenue NW., Washington, DC 20229, 202 927-1930

RIN: 1515-AA99
_______________________________________________________________________

3142. STANDARDS FOR THE ESTABLISHMENT OF CUSTOMS SERVICES

Legal Authority:  5 USC 301; 19 USC 2; 19 USC 586; 19 USC 66; 19 USC 
1202; 19 USC 1623; 19 USC 1624

CFR Citation:  19 CFR 101

Legal Deadline: None

Abstract: Notice of proposed rulemaking to amend part 101 to set forth 
standards and procedures for the establishment of Customs services and 
for the upgrading of existing facilities to port of entry status.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Bradley Lund, Inspector, Department of the Treasury, 
United States Customs Service, Office of Inspection and Control, 1301 
Constitution Avenue NW., Washington, DC 20229, 202 927-0192

RIN: 1515-AB18
_______________________________________________________________________

3143. PUBLICATION OF FILER CODES

Legal Authority:  19 USC 66; 19 USC 1448; 19 USC 1484; 19 USC 1624

CFR Citation:  19 CFR 142; 19 CFR 143

Legal Deadline: None

Abstract: Provides for the publication of a list of filer codes and the 
identity of individuals, licensed Customs brokers or importers assigned 
the specific number. Publication will improve control for various 
components of the trade community and reduce numerous problems for 
Customs relating to entry processing requirements, but could also 
provide a means to access commercial import information heretofore 
treated as confidential by Customs.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           01/13/93                     58 FR 4115
ANPRM Comment Period End        03/15/93
NPRM                            02/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Paul Hegland, Attorney, Entry Rulings Branch, 
Department of the Treasury, United States Customs Service, 1301 
Constitution Avenue NW., Washington, DC 20229, 202 482-7040

RIN: 1515-AB27
_______________________________________________________________________

3144. IDENTIFYING MERCHANDISE SUBJECT TO ANTIDUMPING OR COUNTERVAILING 
DUTY ORDERS

Legal Authority:  19 USC 66; 19 USC 1448; 19 USC 1484; 19 USC 1624

CFR Citation:  19 CFR 141

Legal Deadline: None

Abstract: Amendment to clarify that an importer is required to indicate 
on an entry summary that a preliminary or final antidumping or 
countervailing duty order has been issued which is applicable to the 
merchandise for which the entry summary is filed.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: John Esau, Customs Officer, Office of Enforcement, 
Department of the Treasury, United States Customs Service, 1301 
Constitution Avenue NW., Washington, DC 20229, 202 927-1500

RIN: 1515-AB32
_______________________________________________________________________

3145. CUSTOMS VALUATION OF MERCHANDISE SOLD FOR EXPORTATION TO THE UNITED 
STATES

Legal Authority:  19 USC 66; 19 USC 1401a; 19 USC 1500; 19 USC 1502; 19 
USC 1624

CFR Citation:  19 CFR 152

Legal Deadline: None

Abstract: Amendment clarifies the position of Customs with regard to 
the valuation of merchandise sold for exportation to the United States. 
The clarification is in accordance with two recent court cases.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            02/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Laurie Ross, Attorney, Department of the Treasury, 
United States Customs Service, 1301 Constitution Avenue NW., Franklin 
Court, Washington, DC 20229, 202 482-7010

RIN: 1515-AB35
_______________________________________________________________________

3146.  TEST PROGRAMS

Legal Authority:  5 USC 301; 19 USC 2; 19 USC 66; 19 USC 1202; 19 USC 
1411; 19 USC 1412; 19 USC 1413; 19 USC 1414; 19 USC 1623; 19 USC 1624

CFR Citation:  19 CFR 101

Legal Deadline: None

Abstract: Amendment to allow for test programs and procedures in 
general and specifically for purposes of implementing those Customs 
Modernization provisions of the North American Free Trade Agreement 
Implementation Act that provide for the National Customs Automation 
Program. Tests would be permitted which would impose requirements 
different from those specified in Customs Regulations, but only to the 
extent such different requirements do not affect the collection of the 
revenue, public health, safety or law enforcement.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: John Durant, Director, Commercial Rulings Division, 
Department of the Treasury, United States Customs Service, 1301 
Constitution Avenue NW., Franklin Court, Washington, DC 20229, 202 482-
6990

RIN: 1515-AB47
_______________________________________________________________________

3147.  SUBSTITUTION UNUSED MERCHANDISE DRAWBACK

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1313; 19 
USC 1624

CFR Citation:  19 CFR 191

Legal Deadline: None

Abstract: Amendment to prescribe procedures and related evidentiary 
requirements in connection with claims for substitution unused 
merchandise drawback. Amendment is necessary due to recent case law and 
amendments to the drawback law made by the Customs Modernization 
provisions of the North American Free Trade Agreement Implementation 
Act.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: William G. Rosoff, Branch Chief, Entry Rulings Branch, 
Department of the Treasury, United States Customs Service, 1301 
Constitution Avenue NW., Franklin Court, Washington, DC 20229, 202 482-
7040

RIN: 1515-AB48
_______________________________________________________________________

3148.  PARALLEL IMPORTS AND OTHER TRADEMARKED GOODS

Legal Authority:  17 USC 101; 17 USC 601; 17 USC 602; 17 USC 603; 19 
USC 66; 19 USC 1624; 31 USC 9701

CFR Citation:  19 CFR 133

Legal Deadline: None

Abstract: Amendment to provide for restrictions on the importation of 
certain foreign-made articles bearing genuine trademarks identical to 
or substantially indistinguishable from a valid, recorded U.S. 
trademark where the imported articles and the articles bearing the 
authorized U.S. trademark are materially and physically different.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Karl Wm. Means, Attorney, Intellectual Property Rights 
Branch, Department of the Treasury, United States Customs Service, 1301 
Constitution Avenue NW., Franklin Court, Washington, DC 20229, 202 482-
6960

RIN: 1515-AB49
_______________________________________________________________________

3149.  TREATMENT OF REUSABLE SHIPPING DEVICES ARRIVING FROM 
CANADA OR MEXICO

Legal Authority:  19 USC 66; 19 USC 1202; 19 USC 1481; 19 USC 1484; 19 
USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624

CFR Citation:  19 CFR 10

Legal Deadline: None

Abstract: Amendment to allow certain foreign-manufactured shipping 
devices arriving from Canada or Mexico to be released under specified 
conditions, without entry and payment of duty at the time of arrival 
and without the devices being serially numbered or marked, if they are 
always transported on or within either intermodal and similar 
containers or containers which are themselves vehicles or vehicle 
appurtenances and accessories.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Louis Hryniw, Supervisory Auditor, Office of Regulatory 
Audit, Department of the Treasury, United States Customs Service, 1301 
Constitution Avenue NW., Washington, DC 20229, 202 927-1100

RIN: 1515-AB51
_______________________________________________________________________

3150.  EXAMINATION OF BAGGAGE

Legal Authority:  19 USC 66; 19 USC 1461; 19 USC 1462; 19 USC 1496; 19 
USC 1624

CFR Citation:  19 CFR 123; 19 CFR 148

Legal Deadline: None

Abstract: Amendment to more clearly reflect Customs statutory authority 
to open and examine baggage and vehicles without the permission of the 
owners of the baggage and vehicles.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Lars-Erik Hjelm, Attorney, Office of the Chief Counsel, 
Department of the Treasury, United States Customs Service, 1301 
Constitution Avenue NW., Washington, DC 20229, 202 927-6900

RIN: 1515-AB56
_______________________________________________________________________

3151.  DISCLOSURE OR PRODUCTION OF CUSTOMS INFORMATION PURSUANT 
TO LEGAL PROCESS

Legal Authority:  5 USC 301; 5 USC 552; 5 USC 552a; 18 USC 1905; 19 USC 
66; 19 USC 1624; 31 USC 9701

CFR Citation:  19 CFR 103

Legal Deadline: None

Abstract: Amendment to clarify the procedures to be followed when 
subpoenas or other demands of courts and other authorities, except 
Congress, are issued to compel the disclosure or production of Customs 
documents or information for use in Federal, State, local and foreign 
proceedings.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Senoria Clarke, Attorney, Office of the Chief Counsel, 
Department of the Treasury, United States Customs Service, 1301 
Constitution Avenue NW., Washington, DC 20229, 202 927-6900

RIN: 1515-AB58
_______________________________________________________________________

3152.  ANDEAN TRADE PREFERENCE

Legal Authority:  19 USC 66; 19 USC 1202; 19 USC 1481; 19 USC 1484; 19 
USC 1498; 19 USC 1508; 19 USC 1624; 19 USC 3203

CFR Citation:  19 CFR 10

Legal Deadline: None

Abstract: Amendment to implement the duty preference provisions of the 
Andean Trade Preference Act.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robyn Day, Operations Officer, Office of Trade 
Operations, Department of the Treasury, United States Customs Service, 
1301 Constitution Avenue NW., Washington, DC 20229, 202 927-0123

RIN: 1515-AB59
_______________________________________________________________________

3153.  ACCREDITATION OF COMMERCIAL TESTING LABORATORIES; APPROVAL 
OF COMMERCIAL GAUGERS

Legal Authority:  19 USC 66; 19 USC 1202; 19 USC 1499; 19 USC 1624

CFR Citation:  19 CFR 113; 19 CFR 151

Legal Deadline: None

Abstract: Amendment to set forth procedures for the accreditation of 
commercial laboratories and the approval of commercial gaugers and the 
suspension and revocation of such accreditations and the approvals. 
Amendments are pursuant to authority of the Customs Modernization 
provisions of the North American Free Trade Agreement Implementation 
Act.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Carolyn E. Damon, Laboratory Director, Office of 
Laboratories & Scientific Services, Department of the Treasury, United 
States Customs Service, 1301 Constitution Avenue NW., Washington, DC 
20229, 312 353-2338

RIN: 1515-AB60
_______________________________________________________________________

3154.  COUNTRY-OF-ORIGIN MARKING REQUIREMENTS FOR FROZEN PRODUCE 
PACKAGES

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1304; 19 
USC 1624

CFR Citation:  19 CFR 134

Legal Deadline: None

Abstract: Amendment to require that the country of origin be marked on 
the front panel of packages of frozen produce and that the marking meet 
certain type size and style specifications.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Wende Schuster, Attorney, Special Classification and 
Marking Branch, Department of the Treasury, United States Customs 
Service, 1301 Constitution Avenue NW., Washington, DC 20229, 202 482-
6980

RIN: 1515-AB61
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage
United States Customs Service (CUSTOMS)
  
_______________________________________________________________________
  
3155. HARBOR MAINTENANCE FEE

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 81a to 81u; 19 USC 623; 
19 USC 1202; 19 USC 1624; 31 USC 9701; PL 99-272; PL 99-509; PL 99-662

CFR Citation:  19 CFR 4; 19 CFR 24; 19 CFR 146; 19 CFR 178

Legal Deadline:  Final, Statutory, April 1, 1987.

Abstract: Amendments to the Customs Regulations to implement provisions 
of the Water Resources Development Act of 1986 which authorizes Customs 
to assess a harbor maintenance fee of 0.125 percent (.00125) on the 
value of commercial cargo loaded on or unloaded from a commercial 
vessel at a port unless specifically exempted from the fee. Proceeds of 
the fee are deposited in a trust fund for the U.S. Army Corps of 
Engineers to use for the improvement and maintenance of U.S. ports and 
harbors.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Interim Final Rule              03/30/87                    52 FR 10198
Interim Final Rule Public 
Comment Period End              08/28/87
Comments Being Analyzed         02/08/88
Final Action                    11/00/94

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: Patricia Barbare, Department of the Treasury, United 
States Customs Service, Room 4128, 1301 Constitution Avenue NW., 
Washington, DC 20229, 202 927-0034

RIN: 1515-AA57
_______________________________________________________________________

3156. HIGHEST DEGREE OF CARE AND DILIGENCE TO PREVENT UNMANIFESTED 
NARCOTICS AND MARIJUANA

Legal Authority:  19 USC 1584; 19 USC 1594; 19 USC 1595a; 21 USC 960; 
21 USC 961; PL 99-570

CFR Citation:  19 CFR 162

Legal Deadline:  Final, Statutory, February 17, 1989.
Required by 19 USC 1584 note.

Abstract: Amendment to the Customs Regulations relating to the 
liability of common carriers to penalties, seizure, and forfeiture for 
unmanifested narcotic drugs or marijuana. The proposed changes would 
add to the regulations the statutory standard for the highest degree of 
care and diligence on the part of common carriers in preventing 
unmanifested drugs and marijuana. It also sets forth specific duties 
and procedures by which the standard is defined and against which 
compliance with the standard can be determined. These duties and 
procedures include such security measures as background investigations 
of employees, access restrictions to cargo areas, use of lighting in 
storage areas, and similar measures.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/31/89                     54 FR 4835
NPRM Comment Period End         04/03/89
Second NPRM                     02/12/91                     56 FR 5665
Second NPRM Comment Period End  03/14/91
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Harriett D. Blank, Attorney, Department of the 
Treasury, United States Customs Service, 1301 Constitution Avenue NW., 
Washington, DC 20229, 202 482-6950

RIN: 1515-AA67
_______________________________________________________________________

3157. UNITED STATES-ISRAEL FREE TRADE

Legal Authority:  99 Stat 82; 19 USC 2112

CFR Citation:  19 CFR 10

Legal Deadline: None

Abstract: Amends Customs Regulations to include for public information 
the legal and existing administrative rules under which the United 
States-Israel Free Trade Area is presently being conducted. Under this 
program, products of Israel are entitled to free or reduced rates.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/31/92                    57 FR 33909
NPRM Comment Period End         09/29/92
NPRM Comment Period Extended to 
11/28/92                        10/05/92                    57 FR 45758
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robyn Day, Operations Officer, Department of the 
Treasury, United States Customs Service, Room 1311, 1301 Constitution 
Avenue NW., Washington, DC 20229, 202 927-0360

RIN: 1515-AA84
_______________________________________________________________________

3158. DONATED CARGO EXEMPTION FROM HARBOR MAINTENANCE FEE

Legal Authority:  5 USC 301; 19 USC 58a; 19 USC 66; 19 USC 1202; 19 USC 
1624; 31 USC 9701; 19 USC 58b; 19 USC 58c

CFR Citation:  19 CFR 24

Legal Deadline: None

Abstract: Amends interim Customs Regulations relating to harbor 
maintenance fees. The interim regulations established a shipping fee 
for transporting cargo on specified U.S. waterways. The Act was amended 
to include an exemption for nonprofit organizations or cooperatives 
which own or finance cargo determined by Customs to be intended for use 
in humanitarian or development assistance overseas. This amendment sets 
forth the applicability and terms of this exemption.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Interim Final Rule              01/08/92                      57 FR 607
Final Action                    11/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Patricia Barbare, Operations Officer, User Fee Task 
Force, Department of the Treasury, United States Customs Service, Room 
4128, 1301 Constitution Avenue NW., Washington, DC 20229, 202 927-0034

RIN: 1515-AA87
_______________________________________________________________________

3159. VOLUNTARY RESTRAINT ARRANGEMENTS--STEEL

Legal Authority:  19 USC 66; 19 USC 1202; 19 USC 1481; 19 USC 1484; 19 
USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC 2253 note

CFR Citation:  19 CFR 10

Legal Deadline: None

Abstract: Amends Customs Regulations to set forth entry requirements 
applicable to imported steel products subject to voluntary restraint 
arrangements between the U.S. and certain steel-exporting countries. 
Action mandated by the Steel Import Stabilization Act, as amended by 
the Steel Trade Liberalization Program Implementation Act.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Interim Final Rule              09/13/90                    55 FR 37701
Correction Document             10/22/90                    55 FR 42556


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Frank Crowe, Operations Officer, Department of the 
Treasury, United States Customs Service, Room 1303, 1301 Constitution 
Avenue NW., Washington, DC 20229, 202 927-0164

RIN: 1515-AB04
_______________________________________________________________________

3160. U.S. INSULAR POSSESSIONS--DUTY-FREE TREATMENT

Legal Authority:  19 USC 66; 19 USC 1202; 19 USC 1624

CFR Citation:  19 CFR 7.8

Legal Deadline: None

Abstract: Rule setting forth in detail the criteria which must be met 
to obtain duty-free treatment for products imported from U.S. insular 
possessions.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/27/93                    58 FR 40095
NPRM Comment Period End         09/27/93
Final Action                    01/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Craig Walker, Attorney-Advisor, Department of the 
Treasury, United States Customs Service, Special Classification Branch, 
1301 Constitution Avenue NW., Washington, DC 20229, 202 482-6980

RIN: 1515-AB14
_______________________________________________________________________

3161. INVOICE REQUIREMENTS

Legal Authority:  19 USC 66; 19 USC 1448; 19 USC 1481; 19 USC 1484; 19 
USC 1624

CFR Citation:  19 CFR 141.89

Legal Deadline: None

Abstract: Rule setting forth revised requirements for product 
descriptions on invoices pertaining to imported merchandise.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/03/92                    57 FR 44792
NPRM Comment Period End         11/02/92
Final Action                    01/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Leo Wells, Operations Officer, Department of the 
Treasury, United States Customs Service, Office of Trade Operations, 
1301 Constitution Avenue NW., Washington, DC 20229, 202 927-0742

RIN: 1515-AB17
_______________________________________________________________________

3162. RULES OF ORIGIN

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1304; 19 
USC 1481; 19 USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 
1624; 46 USC app 3

CFR Citation:  19 CFR 102 (New); 19 CFR 4.80b(a); 19 CFR 10.12(e); 19 
CFR 10.14(b); 19 CFR 10.171(c); 19 CFR 10.191(b)(3); 19 CFR 134.1(b), 
(d), and (e); 19 CFR 134.35; 19 CFR 177.22(a)

Legal Deadline: None

Abstract: Rule setting forth uniform rules governing the determination 
of the country of origin of imported merchandise.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/25/91                    56 FR 48448
NPRM Comment Period End         01/09/92                    56 FR 61214
New NPRM                        01/03/94                      59 FR 141
New NPRM Comment Period Extended 
to 07/05/94                     03/10/94                    59 FR 11225
NPRM Comment Period End         04/04/94
Final Action                    01/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Sandra L. Gethers, Branch Chief, Special Classification 
and Marking Branch, Department of the Treasury, United States Customs 
Service, International Nomenclature Staff, 1301 Constitution Avenue 
NW., Washington, DC 20229, 202 482-6980

RIN: 1515-AB19
_______________________________________________________________________

3163. PETROLEUM REFINERIES IN FOREIGN TRADE SUBZONES

Legal Authority:  19 USC 66; 19 USC 81a to 81u; 19 USC 1202, Gen Note 
17, Harmonized Tariff Schedule of the US; 19 USC 1623; 19 USC 1624

CFR Citation:  19 CFR 146

Legal Deadline: None

Abstract: Rule to add special procedures and requirements governing the 
operations of crude petroleum refineries approved as foreign trade 
subzones, in implementation of section 9002 of the Technical and 
Miscellaneous Revenue Act of 1988.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/10/92                    57 FR 35530
NPRM Comment Period End         02/08/93                    57 FR 55198
New NPRM                        03/04/94                    59 FR 10342
New NPRM Comment Period End     05/03/94                    59 FR 10342
Final Action                    12/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Louis Hryniw, Supervisory Auditor, Department of the 
Treasury, United States Customs Service, Room 2317, 1301 Constitution 
Avenue NW., Washington, DC 20229, 202 927-0677

RIN: 1515-AB20
_______________________________________________________________________

3164. AUTOMATED SURETY INTERFACE

Legal Authority:  19 USC 66; 19 USC 1623; 19 USC 1624

CFR Citation:  19 CFR 113

Legal Deadline: None

Abstract: Provides for an automated system through which participating 
sureties will electronically provide to Customs acknowledgement that 
they are liable for transactions identified under their bonds.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/22/93                     58 FR 5680
NPRM Comment Period End         03/23/93
NPRM Comment Period Extended to 
04/22/93                        03/30/93                    58 FR 16632
Final Action                    06/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Diane Hundertmark, ACS Specialist, Department of the 
Treasury, United States Customs Service, Room 2345, 1301 Constitution 
Avenue NW., Washington, DC 20229, 202 927-0355

RIN: 1515-AB25
_______________________________________________________________________

3165. DISCLOSURE OF INFORMATION TO INTELLECTUAL PROPERTY RIGHTS OWNERS

Legal Authority:  17 USC 101; 17 USC 601; 17 USC 602; 17 USC 603; 19 
USC 66; 19 USC 1624; 31 USC 9701

CFR Citation:  19 CFR 133

Legal Deadline: None

Abstract: Provides intellectual property rights owners with information 
regarding importations so that they may pursue injunctive relief or 
other civil remedies against the party involved in infringing 
transactions.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/23/93                    58 FR 44476
NPRM Comment Period End         10/22/93
Final Action                    12/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Karl Means, Attorney, Intellectual Property Branch, 
Department of the Treasury, United States Customs Service, 1301 
Constitution Avenue NW., Franklin Court, Washington, DC 20229, 202 482-
6960

RIN: 1515-AB28
_______________________________________________________________________

3166. PAY REFORM FOR CUSTOMS INSPECTIONAL SERVICES

Legal Authority:  5 USC 301; 19 USC 58a; 19 USC 58b; 19 USC 58c; 19 USC 
66; 19 USC 261; 19 USC 267; 19 USC 1202; 19 USC 1450; 19 USC 1624; 46 
USC 2111; 46 USC 2112

CFR Citation:  19 CFR 4; 19 CFR 24; 19 CFR 122; 19 CFR 123; 19 CFR 134

Legal Deadline:  Final, Statutory, January 1, 1994.
Regulations pursuant to statute are effective 01/01/94. Regulations 
were issued as interim.

Abstract: Amendment to implement those provisions of the Omnibus Budget 
Reconciliation Act of 1993 concerning certain pay reforms applicable to 
Customs inspectional service. Amendment implements new and exclusive 
compensation and pay schedule for Customs officers who provide 
inspectional services.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Interim Final Rule              12/28/93                    58 FR 68520
Interim Final Rule Comment 
Period End                      02/28/94
Final Action                    10/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Kevin Cummings, Inspector, Office of Workforce 
Effectiveness and Development, Department of the Treasury, United 
States Customs Service, 1301 Constitution Avenue NW., Washington, DC 
20229, 202 927-1391

RIN: 1515-AB30
_______________________________________________________________________

3167. NORTH AMERICAN FREE TRADE AGREEMENT

Legal Authority:  19 USC 66; 19 USC 1202, Gen Note 17, Harmonized 
Tariff Schedule of the US; 19 USC 1624; PL 103-182

CFR Citation:  19 CFR 10; 19 CFR 12; 19 CFR 24; 19 CFR 123; 19 CFR 134; 
19 CFR 162; 19 CFR 174; 19 CFR 177; 19 CFR 178; 19 CFR 181; 19 CFR 191

Legal Deadline:  Final, Statutory, January 1, 1994.

Abstract: Amendment to implement the preferential tariff treatment and 
other Customs-related provisions of the North American Free Trade 
Agreement entered into by the United States, Canada, and Mexico.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Interim Final Rule              12/30/93                    58 FR 69460
Interim Final Rule Comment 
Period End                      03/30/94
Final Action                    01/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Maria Reba, Office of International Affairs, Department 
of the Treasury, United States Customs Service, 1301 Constitution 
Avenue NW., Washington, DC 20229, 202 927-1488

RIN: 1515-AB33
_______________________________________________________________________

3168. RULES FOR DETERMINING THE COUNTRY OF ORIGIN OF A GOOD FOR PURPOSES 
OF ANNEX 311 OF THE NORTH AMERICAN FREE TRADE AGREEMENT

Legal Authority:  19 USC 66; 19 USC 1202, Gen Note 17, Harmonized 
Tariff Schedule of the US; 19 USC 1624; PL 103-182

CFR Citation:  19 CFR 12; 19 CFR 102; 19 CFR 134

Legal Deadline:  Final, Statutory, January 1, 1994.

Abstract: Amendment establishes the rules for determining when the 
country of origin of a good is one of the parties to the North American 
Free Trade Agreement for purposes of Annex 311 of that Agreement.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Interim Final Rule              01/03/94                      59 FR 110
Correction                      02/03/94                     59 FR 5082
Interim Final Rule Comment 
Period Extended to 07/05/94     03/11/94                    59 FR 11547
Interim Final Rule Comment 
Period End                      04/04/94
Final Action                    01/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Sandra L. Gethers, Attorney, Department of the 
Treasury, United States Customs Service, 1301 Constitution Avenue NW., 
Franklin Court, Washington, DC 20229, 202 482-6980

RIN: 1515-AB34
_______________________________________________________________________

3169.  PRELIMINARY VESSEL ENTRY AND PERMITS TO LADE AND UNLADE

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1431; 19 USC 288; 19 USC 
1433; 19 USC 1434; 19 USC 1446; 19 USC 1448; 19 USC 1450; 19 USC 1624; 
46 USC app 3; 46 USC app 91

CFR Citation:  19 CFR 4

Legal Deadline: None

Abstract: Amendment to the Customs Regulations concerns the preliminary 
entry of vessels arriving in ports of the United States and the 
granting of permits for the lading and unlading of merchandise from 
those vessels. Amendment would allow preliminary entry without 
mandatory boarding in all cases and allow Customs to electronically 
issue permits to lade or unlade merchandise pursuant to an authorized 
data interchange system.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/18/94                    59 FR 12878
NPRM Comment Period End         04/18/94
Final Action                    11/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: James Finnegan, Inspectional Officer, Office of Cargo 
Enforcement and Facilitation, Department of the Treasury, United States 
Customs Service, 1301 Constitution Avenue NW., Washington, DC 20229, 
202 927-0510

RIN: 1515-AB37
_______________________________________________________________________

3170.  FEES ASSESSED FOR DEFAULTED PAYMENTS

Legal Authority:  5 USC 301; 19 USC 58a; 19 USC 58b; 19 USC 58c; 19 USC 
66; 19 USC 1202; 19 USC 1624; 31 USC 9701

CFR Citation:  19 CFR 24

Legal Deadline: None

Abstract: Amendment authorizes the assessment of a $30 fee for any 
defaulted payment resulting from a check or other monetary instrument 
returned unpaid by a financial institution, including Automated 
Clearinghouse defaulted payments, which were presented for duties, 
taxes and other charges incurred in connection with any commercial or 
noncommercial importation or other Customs transaction whether or not 
backed by a Customs bond.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/23/94                    59 FR 13664
NPRM Comment Period End         05/23/94
Final Action                    12/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: David Baker, Officer, Office of the Comptroller, 
Department of the Treasury, United States Customs Service, 1301 
Constitution Avenue NW., Washington, DC 20229, 202 927-0620

RIN: 1515-AB38
_______________________________________________________________________

3171.  ESTABLISHMENT OF CONDITIONAL RELEASE PERIOD FOR TEXTILES 
AND TEXTILE PRODUCTS

Legal Authority:  19 USC 66; 19 USC 1448; 19 USC 1484; 19 USC 1499; 19 
USC 1623; 19 USC 1624

CFR Citation:  19 CFR 141

Legal Deadline: None

Abstract: Amendment to establish a conditional release period of 180 
days on all entries of textiles and textile products. Amendment would 
permit Customs to issue notices of redelivery to importers of textiles 
or textile products up to 30 days after the end of the conditional 
release period if investigation or information reveals that the 
merchandise was imported in violation of visa or quota restrictions or 
other requirements of law.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/30/94                    59 FR 14808
NPRM Comment Period End         05/31/94
Final Action                    11/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jeremy Baskin, Attorney, Penalties Branch, Department 
of the Treasury, United States Customs Service, 1301 Constitution 
Avenue NW., Franklin Court, Washington, DC 20229, 202 482-6950

RIN: 1515-AB39
_______________________________________________________________________

3172.  IMPORTER CERTIFICATION REGARDING COUNTRY OF ORIGIN OF 
TEXTILES AND TEXTILE PRODUCTS

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624

CFR Citation:  19 CFR 12

Legal Deadline: None

Abstract: Amendment to require that an importer of textiles or textile 
products submit to Customs a certification stating that he has used 
reasonable care to ascertain the true country of origin of the imported 
merchandise and to verify the accuracy of the declaration prepared by 
the manufacturer, producer or exporter and filed by the importer with 
the entry.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/30/94                    59 FR 14806
NPRM Comment Period End         05/31/94
Final Action                    11/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Dick Crichton, Operations Officer, Office of Trade 
Operations, Department of the Treasury, United States Customs Service, 
1301 Constitution Avenue NW., Washington, DC 20229, 202 927-0162

RIN: 1515-AB43
_______________________________________________________________________

3173.  ENFORCEMENT OF ITC EXCLUSION ORDERS

Legal Authority:  19 USC 66; 19 USC 1202; 19 USC 1337; 19 USC 1623; 19 
USC 1624

CFR Citation:  19 CFR 12

Legal Deadline: None

Abstract: Amendment regarding unfair competition to reflect Customs 
authority to enforce seizure and forfeiture orders issued by the United 
States International Trade Commission (ITC). These orders would be 
issued for articles which had previously been denied entry pursuant to 
an ITC exclusion order.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/19/94                    59 FR 26151
NPRM Comment Period End         07/18/94
Final Action                    12/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Vicki Allums, Attorney, Intellectual Property Rights 
Branch, Department of the Treasury, United States Customs Service, 1301 
Constitution Avenue NW., Franklin Court, Washington, DC 20229, 202 482-
6960

RIN: 1515-AB44
_______________________________________________________________________

3174.  FILING OF EXPORT CERTIFICATES

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1431; 19 USC 1433; 19 
USC 1434; 19 USC 1624; 46 USC app 3; 46 USC app 91

CFR Citation:  19 CFR 4

Legal Deadline: None

Abstract: Amendment to allow a vessel carrying a shipment of meat or 
meat-food products to be cleared before the filing of a copy of an 
export certificate by providing a statement regarding the shipment and 
the export certificate.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/16/94                    59 FR 25376
NPRM Comment Period End         07/15/94
Final Action                    12/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Barbara Whiting, Customs Law Specialist, Carrier 
Rulings Branch, Department of the Treasury, United States Customs 
Service, 1301 Constitution Avenue NW., Franklin Court, Washington, DC 
20229, 202 482-6940

RIN: 1515-AB46
_______________________________________________________________________

3175.  NORTH AMERICAN FREE TRADE AGREEMENT--SUBMISSION OF 
CERTIFICATES OF ELIGIBILITY FOR TEXTILE AND APPAREL GOODS UNDER THE 
TARIFF PREFERENCE LEVEL PROVISIONS

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624

CFR Citation:  19 CFR 12

Legal Deadline: None

Abstract: Amendment to require submission of a Certificate of 
Eligibility in connection with the entry of non-originating textile and 
apparel goods from Canada or Mexico for which preferential tariff 
treatment is claimed under the tariff preference level provisions of 
the North American Free Trade Agreement.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Interim Final Rule              06/20/94                    59 FR 31519
Interim Rule Effective          06/20/94                    59 FR 31519
Interim Final Rule Comment 
Period End                      08/19/94                    59 FR 31519
Final Action                    01/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Dick Crichton, Operations Officer, Office of Trade 
Operations, Department of the Treasury, United States Customs Service, 
1301 Constitution Avenue NW., Washington, DC 20229, 202 927-0162

RIN: 1515-AB50
_______________________________________________________________________

3176.  EXPRESS CONSIGNMENTS: FORMAL AND INFORMAL ENTRIES OF 
MERCHANDISE; ADMINISTRATIVE EXEMPTIONS

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1321; 19 
USC 1322; 19 USC 1431; 19 USC 1481; 19 USC 1484; 19 USC 1498; 19 USC 
1448; 19 USC 1624; 19 USC 1508

CFR Citation:  19 CFR 10; 19 CFR 101; 19 CFR 111; 19 CFR 123; 19 CFR 
128; 19 CFR 141; 19 CFR 143; 19 CFR 145; 19 CFR 148; 19 CFR 159

Legal Deadline: None

Abstract: Amendments to implement certain statutory amendments to the 
Customs laws contained in the Customs Modernization provisions of the 
North American Free Trade Agreement Implementation Act regarding 
administrative exemptions. Amendment also clarifies procedures for 
shipments brought into the United States by express consignment 
operators or carriers and makes clear that all shipments carried into 
the United States by express consignment operators or carriers are 
required to be entered, unless specifically exempt from entry. Further 
amendments exempt from entry certain merchandise (undeliverable 
shipments, railway freight locomotives and cars, and instruments of 
international traffic) pursuant to Customs Modernization provisions of 
North American Free Trade Agreement Implementation Act.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Interim Final Rule              06/13/94                    59 FR 30289
Comment Period End              07/13/94                    59 FR 30289
Effective Date Delayed by 
Temporary Restraining Order     07/25/94                    59 FR 38548
Interim Rule Effective          07/28/94                    59 FR 30289
Final Action                    11/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: William G. Rosoff, Branch Chief, Entry Rulings Branch, 
Department of the Treasury, United States Customs Service, 1301 
Constitution Avenue NW., Franklin Court, Washington, DC 20229, 202 482-
7040

RIN: 1515-AB53
_______________________________________________________________________

3177.  TEXTILES AND TEXTILE PRODUCTS SUBJECT TO TEXTILE TRADE 
AGREEMENTS

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624; 7 USC 
1854

CFR Citation:  19 CFR 12

Legal Deadline: None

Abstract: Amendment to the country of origin standards and documentary 
requirements applicable to textiles and textile products subject to 
section 204 of the Agricultural Act of 1956. Amendment involves 
simplification of regulatory text, has no substantive effect on the 
U.S. textile import program as administered by Customs and is intended 
to ensure that the wording of the Customs Regulations is consistent 
with the product coverage of section 204.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action                    12/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Dick Crichton, Operations Officer, Office of Trade 
Operations, Department of the Treasury, United States Customs Service, 
1301 Constitution Avenue NW., Washington, DC 20229, 202 927-0162

RIN: 1515-AB54
_______________________________________________________________________

3178.  AUTHORIZATION OF BONDED CARRIERS TO TRANSPORT CARGO WITHIN 
PORT LIMITS WITHOUT OBTAINING CARTMAN'S LICENSE

Legal Authority:  19 USC 66; 19 USC 1551; 19 USC 1311; 19 USC 1312; 19 
USC 1555; 19 USC 1556; 19 USC 1557; 19 USC 1565; 19 USC 1624

CFR Citation:  19 CFR 19; 19 CFR 112; 19 CFR 113; 19 CFR 118; 19 CFR 
125; 19 CFR 146

Legal Deadline: None

Abstract: Amendment to allow bonded carriers to transport merchandise 
within port limits without having to obtain cartman's license. 
Amendment also allows certain movements of merchandise by bonded 
warehouse proprietors, container station operators, foreign trade zone 
operators and centralized examination station operators.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/29/92                    57 FR 49049
NPRM Comment Period End         12/28/92                    57 FR 49049
Final Action                    11/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Ernest Cunningham, Inspector, Office of Inspection and 
Control, Department of the Treasury, United States Customs Service, 
1301 Constituton Avenue NW., Washington, DC 20229, 202 927-0167

RIN: 1515-AB57
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions
United States Customs Service (CUSTOMS)
  
_______________________________________________________________________
  
3179. TESTIMONY OR THE PRODUCTION OF DOCUMENTS IN COURT

CFR Citation:  19 CFR 103

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Withdrawn - Reissued as RIN 
1515-AB58                       09/08/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Gregory Vilders, 202 482-6970

RIN: 1515-AB02
_______________________________________________________________________

3180. PREFILING OF ENTRY DOCUMENTATION

CFR Citation:  19 CFR 141; 19 CFR 142

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Withdrawn                       07/15/94                    59 FR 36102

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Ernest L. Cunningham, 202 927-0167

RIN: 1515-AB21
_______________________________________________________________________

3181.  TECHNICAL CORRECTIONS TO THE CUSTOMS REGULATIONS RELATING 
TO CUSTOMS MODERNIZATION

Legal Authority:  19 USC 66; 19 USC 1431; 19 USC 1433; 19 USC 1434; 19 
USC 1624; 46 USC app 3; 46 USC app 91

CFR Citation:  19 CFR 4; 19 CFR 123; 19 CFR 141; 19 CFR 173

Legal Deadline: None

Abstract: This document amends the Customs Regulations by making 
certain technical corrections necessitated by the Customs Modernization 
provisions of the North American Free Trade Agreement Implementation 
Act. All corrections are to legal authority citations, which do not 
involve changes in substantive legal requirements.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action                    03/21/94                    59 FR 13198
Final Action Effective          03/21/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Gregory R. Vilders, Attorney, Regulations Branch, 
Department of the Treasury, United States Customs Service, 1301 
Constitution Avenue NW., Franklin Court, Washington, DC 20229, 202 482-
6930

RIN: 1515-AB36
_______________________________________________________________________

3182.  ELIMINATION OF CERTAIN DOCUMENTATION REQUIREMENTS FOR 
ARTICLES ENTERED UNDER VARIOUS SPECIAL TARIFF TREATMENT PROVISIONS AND 
PROGRAMS

Legal Authority:  19 USC 66; 19 USC 1202; 19 USC 1481; 19 USC 1484; 19 
USC 1496; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC 2461; 19 USC 
2701

CFR Citation:  19 CFR 10; 19 CFR 123; 19 CFR 145; 19 CFR 178

Legal Deadline: None

Abstract: Amendment removes certain documentation requirements relating 
to the entry of articles claimed to be entitled to a partial duty 
exemption or duty-free treatment under various special tariff 
provisions or programs. These provisions and programs involve the 
following: (1) American goods returned; (2) U.S.-made photographic 
films and dry plates returned after having been exposed abroad; (3) 
goods exported for repairs or alterations; (4) U.S.-processed metal 
articles exported for further processing; (5) the Generalized System of 
Preferences; and (6) the Caribbean Basin Initiative.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/15/93                     58 FR 4615
NPRM Comment Period End         03/16/93
Final Action                    05/17/94                    59 FR 25563
Final Action Effective          06/16/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Craig Walker, Attorney, Special Classification and 
Marking Branch, Department of the Treasury, United States Customs 
Service, 1301 Constitution Avenue NW., Franklin Court, Washington, DC 
20229, 202 482-6980

RIN: 1515-AB40
_______________________________________________________________________

3183.  SMALL VESSEL REPORTING OF ARRIVAL IN MIAMI DISTRICT

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1431; 19 
USC 1433; 19 USC 1441; 19 USC 1486; 19 USC 1624; 46 USC app 3; 46 USC 
app 91

CFR Citation:  19 CFR 4; 19 CFR 123

Legal Deadline: None

Abstract: Amendment removes section of Customs Regulations which sets 
forth special requirements for the report of arrival by operators of 
small vessels whose intended destination is a point within the Miami, 
Florida, Customs district.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action                    05/09/94                    59 FR 23794
Final Action Effective          05/09/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Greg Burns, Inspectional Officer, Office of Inspection 
and Control, Department of the Treasury, United States Customs Service, 
1301 Constitution Avenue NW., Washington, DC 20229, 202 927-0381

RIN: 1515-AB41
_______________________________________________________________________

3184.  EXTENSION OF TIME IN WHICH TO FILE VESSEL REPAIR DOCUMENTS

Legal Authority:  19 USC 66; 19 USC 1431; 19 USC 1433; 19 USC 1434; 19 
USC 1466; 19 USC 1498; 19 USC 1624; 46 USC app 3; 46 USC app 91

CFR Citation:  19 CFR 4

Legal Deadline: None

Abstract: Amendment extends the time limit allowed to vessel operators 
to file documentation submitted in connection with vessel repair 
entries, including applications for relief from the assessment of 
duties under the vessel repair statute. Amendment also requires that 
any shipyard cost estimates available be submitted at the time that a 
vessel repair entry is made.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/13/93                     58 FR 4114
NPRM Comment Period End         03/15/93
Final Action                    04/19/94                    59 FR 18479
Final Action Effective          05/19/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Bruce Friedman, Customs Officer, Office of Trade 
Operations, Department of the Treasury, United States Customs Service, 
1301 Constitution Avenue NW., Washington, DC 20229, 202 927-0380

RIN: 1515-AB42
_______________________________________________________________________

3185.  DUTY-FREE TREATMENT TO BE ACCORDED THE REIMPORTATION OF 
CERTAIN ARTICLES ORIGINALLY IMPORTED DUTY-FREE

Legal Authority:  19 USC 66; 19 USC 1202; 19 USC 1481; 19 USC 1484; 19 
USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624

CFR Citation:  19 CFR 10

Legal Deadline: None

Abstract: Amendment implements a provision of the Trade and Tariff Act 
of 1984 extending duty-free entry to the reimportation of certain 
articles originally imported duty-free.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action                    04/13/94                    59 FR 17473
Final Action Effective          04/13/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Burton Schlissel, Attorney, Special Classification and 
Marking Branch, Department of the Treasury, United States Customs 
Service, 1301 Constitution Avenue NW., Franklin Court, Washington, DC 
20229, 202 482-6980

RIN: 1515-AB45
_______________________________________________________________________

3186.  PERMITTED FORMS OF SIGNATURES ON PROTEST

Legal Authority:  19 USC 66; 19 USC 1514; 19 USC 1515; 19 USC 1624

CFR Citation:  19 CFR 174

Legal Deadline: None

Abstract: Amendment to allow methods of identification of filer on 
protests other than signatures handwritten in ink.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/27/93                    58 FR 50300
NPRM Comment Period End         11/26/93
Final Action                    07/08/94                    59 FR 34970
Final Action Effective          08/08/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Rose Johnson, Operations Officer, Office of Trade 
Operations, Department of the Treasury, United States Customs Service, 
1301 Constution Avenue NW., Washington, DC 20229, 202 927-0376

RIN: 1515-AB52
_______________________________________________________________________

3187.  EXTENSION OF IMPORT RESTRICTIONS ON SIGNIFICANT 
ARCHAEOLOGICAL ARTIFACTS FROM PERU

Legal Authority:  5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624; 19 
USC 2612

CFR Citation:  19 CFR 12

Legal Deadline: None

Abstract: Amendment to reflect the import restrictions on culturally 
significant archaeological artifacts from the Sipan Region of Peru.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action                    06/27/94                    59 FR 32902
Final Action Effective          06/27/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Roland Bernier, Chief, Other Agency Enforcement Branch, 
Office of Trade Operations, Department of the Treasury, United States 
Customs Service, 1301 Constitution Avenue NW., Washington, DC 20229, 
202 927-0051

RIN: 1515-AB55
[FR Doc. 94-23421 Filed 11-10-94; 8:45 am]
BILLING CODE 4820-02-F

_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                                     
 
Internal Revenue Service (IRS)
  
_______________________________________________________________________
  

Internal Revenue Service

26 CFR Ch. I

Improving Government Regulations; Semiannual Agenda of Regulations

AGENCY: Internal Revenue Service, Treasury.

ACTION: Semiannual agenda of regulations.

_______________________________________________________________________

SUMMARY: This semiannual agenda lists the regulations that the Internal 
Revenue Service will be developing from October 1, 1994, through 
September 30, 1995. Determinations with respect to the agenda were made 
as of July 31, 1994. The purpose of this semiannual agenda is to give 
the public adequate notice of regulatory activities of the Internal 
Revenue Service.

FOR FURTHER INFORMATION CONTACT: Mike Slaughter, (202) 622-7190, not a 
toll-free call, Regulations Unit, Assistant Chief Counsel (Corporate), 
Office of Chief Counsel, Internal Revenue Service, P.O. Box 7604, Ben 
Franklin Station, Washington, DC 20044, Attention: CC:DOM:CORP:T:R.

SUPPLEMENTARY INFORMATION:

General

    Section 4 of Executive Order 12866 and section 602 of the 
Regulatory Flexibility Act both require that a semiannual agenda of 
regulations under development and review be published in the 
Federal Register. The next semiannual agenda of the Internal 
Revenue Service will be published in the Federal Register in April 
of 1995.

Description

    This semiannual agenda of regulations lists all projects within 
the Internal Revenue Service (IRS) as of July 31, 1994, for the 
development of regulations to appear in the Code of Federal 
Regulations. This agenda lists existing regulations under 
development by the Offices of the Assistant Chief Counsel 
(Corporate), Assistant Chief Counsel (Financial Institutions and 
Products), Assistant Chief Counsel (Income Tax and Accounting), 
Assistant Chief Counsel (Passthroughs & Special Industries), 
Assistant Chief Counsel (General Litigation), Assistant Chief 
Counsel (Disclosure Litigation), Associate Chief Counsel (Employee 
Benefits and Exempt Organizations), and Associate Chief Counsel 
(International) of the Office of Chief Counsel, IRS. The following 
information is provided for each regulation project: The title; 
priority status; its effect, if any, on small business; the part of 
the Code of Federal Regulations affected; the legal authority for 
issuing the regulation; a brief description of the problem to be 
addressed in the regulation; and a timetable of action taken and to 
be taken. Under Additional Information, there is provided the 
control number of the project within the Chief Counsel's office and 
the names and telephone numbers of the drafting and reviewing 
attorneys.

    By direction of the Secretary of the Treasury.

Margaret Milner Richardson,

Commissioner of Internal Revenue.

                                     Internal Revenue Service--Prerule Stage                                    
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3188        26 USC 0041  Definition of Qualified Research and Computation of Research Credit Under              
            Section 41 of the Code, After 1986 Act and 1989 Act...................................    1545-AO51 
3189        26 USC 0042  A Detailing of the Minimum Living Area Which Must Constitute a Bedroom                 
            for Purposes of Determining the Gross Rent Limitation Applicable to Rent-Restricted                 
            Units.................................................................................    1545-AO52 
3190        26 USC 0129  Dependent Care Assistance................................................    1545-AN17 
3191        26 USC 0265  Proposed Regulations Under Section 265(b)(3).............................    1545-AR98 
3192        26 USC 0401  Coordination of Nondiscrimination........................................    1545-AQ87 
3193        26 USC 0471  Inventories by Dealers in Securities Section 1.471-5.....................    1545-AS57 
3194        26 USC 0514  Income Tax--Unrelated Trade or Business Income...........................    1545-AE00 
3195        26 USC 0667  Accumulation Trusts......................................................    1545-AM78 
3196        26 USC 0672  Income Taxation of Trust and Estate--Section 672(f)......................    1545-AR65 
3197        26 USC 0897(c)(3)  FIRPTA Cleanup.....................................................    1545-AJ72 
3198        26 USC 0904(f)  Clarification of Treatment of Separate Limitation Losses..............    1545-AM11 
3199        26 USC 0932  Source Rules Within the Virgin Islands...................................    1545-AL40 
3200        26 USC 0936  OBRA 1993 Section 936 Reg................................................    1545-AS43 
3201        26 USC 0952  Subpart F--Use of Deficits...............................................    1545-AJ71 
3202        26 USC 0956A  Earnings Invested in Excess Passive Assets..............................    1545-AS47 
3203        26 USC 1248  Section 1248 - Gain from Sale or Exchange of Stock in Foreign                          
            Corporations..........................................................................    1545-AC31 
3204        26 USC 1276  Disposition Gain Representing Accrued Market Discount Treated as Ordinary              
            Income; Deferral of Interest Deduction Allocable to Accrued Market Discount...........    1545-AH82 
3205        26 USC 6038  Information Reporting and Record Maintenance Under Section 6038C.........    1545-AP10 
3206        26 USC 6231(a)(7)  Limited Liability Company Tax Matter Partner.......................    1545-AQ47 
3207        26 USC 7508  Time for Performing Certain Acts Postponed by Reason of Service in Combat              
            Zone..................................................................................    1545-AP90 
3208        26 USC 7701  Regulations Dealing with Conduit Arrangements............................    1545-AS40 
3209        26 USC 7701  Conduit Arrangement Regulations..........................................    1545-AS63 
3210        26 USC 7805  Debt Instruments With OID; Annuity Contracts.............................    1545-AS76 
3211        26 USC 7805  Intangible Amortization Advance Notice...................................    1545-AS77 
3212        26 USC 860E  REMIC Regulations........................................................    1545-AR88 
----------------------------------------------------------------------------------------------------------------


                                  Internal Revenue Service--Proposed Rule Stage                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3213        05 USC 0301  Statement of Procedural Rules--Update 2.................................    1545-AR44 
3214        05 USC 0552  Statement of Procedural Rules--Part 601.702..............................    1545-AR99 
3215        25 USC 7805  Grantor Trust Reporting Requirements.....................................    1545-AS37 
3216        26 USC 0025(c)  Mortgage Credit Certificates and Targeted Areas.......................    1545-AO05 
3217        26 USC 0042  Low-Income Housing Credit Recapture Rule.................................    1545-AL12 
3218        26 USC 0042  10-Year Waiver Regulations Under Section 42 IRC..........................    1545-AO94 
3219        26 USC 0044  Disabled Access Credit...................................................    1545-AQ20 
3220        26 USC 0045  Renewable Electricity Production Credit, Section 45......................    1545-AS01 
3221        26 USC 0045B  Credit for Employer Social Security Tax Paid on Employee Tips...........    1545-AS16 
3222        26 USC 0055  Minimum Tax Credit and Other Miscellaneous Rules Relating to the                       
            Alternative Minimum Tax...............................................................    1545-AJ86 
3223        26 USC 0056  Income Tax--Inventory Adjustment for the Alternative Minimum Tax.........    1545-AL02 
3224        26 USC 0056  Income Tax--Inventory Adjustment for the Alternative Minimum Tax.........    1545-AL03 
3225        26 USC 0058(h)  Application of Section 58(h) of the 1954 Code to Situations Involving               
            NOL Carrybacks........................................................................    1545-AO36 
3226        26 USC 0059  Alternative Minimum Tax Foreign Tax Credit...............................    1545-AQ33 
3227        26 USC 0061  Amendment to the Regulations Under Section 61 To Conform the Treatment of              
            Bond Premium Income to the Constant Yield Method......................................    1545-AL92 
3228        26 USC 0061  To Clarify That the Service Has Authority To Amend the Standard Industry               
            Fare Level (SIFL) Aircraft Valuation Formula..........................................    1545-AQ16 
3229        26 USC 0072  Loans Treated as Distributions...........................................    1545-AE41 
3230        26 USC 0072  Ten Percent Additional Tax on Early Distribution From Qualified Plans....    1545-AN16 
3231        26 USC 0079  Removing Gender Distinction From Mortality Tables........................    1545-AK50 
3232        26 USC 0079  Section 79, Table I, Update..............................................    1545-AN54 
3233        26 USC 0083  Study of Application of Section 302 and Section 1.83(d)..................    1545-AN55 
3234        26 USC 0103  Definition of ``Reissuance'' Under Section 103...........................    1545-AI65 
3235        26 USC 0108  Income Tax--Discharge of Indebtedness....................................    1545-AA67 
3236        26 USC 0108  Consolidated Attribute Reduction Under Section 108(b)....................    1545-AP95 
3237        26 USC 0108  Purchase Money Debt Reduction Treated as Price Reduction.................    1545-AQ00 
3238        26 USC 0108  Debt Discharge Income, Joint and Several Debts...........................    1545-AR86 
3239        26 USC 0108(b)  Consolidated Attribute Reduction Under Section 108(b).................    1545-AQ84 
3240        26 USC 0117(d)  Qualified Tuition Reductions..........................................    1545-AI13 
3241        26 USC 0141  Definition of ``Private Activity Bond'', ``Qualified Bond''..............    1545-AM01 
3242        26 USC 0145  Qualified 501(c)(3) Bonds................................................    1545-AJ39 
3243        26 USC 0146  State Volume Cap for Tax-Exempt Bonds....................................    1545-AJ37 
3244        26 USC 0148(a)  Subsequent Intentional Acts To Earn Arbitrage and the Reasonable                    
            Expectations Test for Arbitrage Bonds.................................................    1545-AN69 
3245        26 USC 0163  Qualified Residence Interest.............................................    1545-AL67 
3246        26 USC 0168  Modification of ACRS.....................................................    1545-AJ38 
3247        26 USC 0170(f)(8)  Substantiation of Certain Charitable Contributions.................    1545-AS94 
3248        26 USC 0179A  Recapture--Clean Fuel/Electric Vehicles.................................    1545-AR23 
3249        26 USC 0179A  Determination of Section 30 Credit and Section 179A Deduction...........    1545-AR66 
3250        26 USC 0195  Income Tax--To Add Provisions Relating to Start-up Expenditures..........    1545-AB02 
3251        26 USC 0197  Amortization--Goodwill Intangibles 197...................................    1545-AS11 
3252        26 USC 0197  Amortization--Goodwill Intangibles 197...................................    1545-AS12 
3253        26 USC 0216  Distributions by Cooperative Housing Association.........................    1545-AO91 
3254        26 USC 0263A(f)  Capitalization of Interest Expense by Related Parties in the Case of               
            the Production of Certain Property....................................................    1545-AQ85 
3255        26 USC 0269B  Rules for Treatment of Foreign Corporation Whose Stock Is Stapled to the              
            Stock of a Domestic Corporation.......................................................    1545-AN20 
3256        26 USC 0280F  Limitation of Deductions on Passenger Automobiles and Other Listed                    
            Property..............................................................................    1545-AN05 
3257        26 USC 0280F  The Substantiation of Deductions Claimed for the Use of Cellular                      
            Telephones and Computers in a Taxpayer's Trade or Business............................    1545-AP46 
3258        26 USC 0304  Section 304 Regulations..................................................    1545-AR40 
3259        26 USC 0305(c)(1)  Treatment of Premiums on Stock Callable at the Option of the Issuer    1545-AQ42 
3260        26 USC 0337(d)  Application of General Utilities Repeal Regulatory Authority to RICs                
            and REITs.............................................................................    1545-AL65 
3261        26 USC 0337(d)  Scope of General Utilities Repeal.....................................    1545-AN21 
3262        26 USC 0338  Section 338(h)(10) and Insurance Companies...............................    1545-AS56 
3263        26 USC 0361(a)(3)  Fringe Benefit Sourcing Under Section 861..........................    1545-AO72 
3264        26 USC 0367  Section 361 Outbound Transfers of Property to Foreign Corporations.......    1545-AM97 
3265        26 USC 0382  Reorganizations in Bankruptcy; Stock-for-Debt Exchanges; Use of Parent                 
            Corporation Stock; Triangular ``G'' Reorganizations...................................    1545-AO30 
3266        26 USC 0382  Suspension of Partnership Income and Expenses Arising From Unpaid                      
            Guaranteed Payments Accrued by Certain Partners.......................................    1545-AP43 
3267        26 USC 0401  Permissibility of Section 401(h) Account in Combination With an ESOP.....    1545-AP88 
3268        26 USC 0401(k)  Cash or Deferred Arrangements.........................................    1545-AQ77 
3269        26 USC 0403  Nondiscrimination and Other Rules Applicable to Section 403(b) Annuities.    1545-AI90 
3270        26 USC 0404  Treatment of Dividends Deductible Under Section 404(k) for Purposes of                 
            Cash or Deferred Arrangements Described in Section 401(k).............................    1545-AQ96 
3271        26 USC 0410(b)  Special Rules in Merger and Acquisition...............................    1545-AM94 
3272        26 USC 0412  Revising the Drafting of the Full Funding Limitation for Purposes of the               
            Minimum Funding Requirement for Pension Plans.........................................    1545-AL53 
3273        26 USC 0417  Disclosure Guidelines for QJSA Waiver....................................    1545-AQ36 
3274        26 USC 0419  Treatment of Funded Welfare Benefit Plans................................    1545-AG14 
3275        26 USC 0442  Income Tax--Part 1--Amendment of Section 1.442-1 To Provide Simplified                 
            Procedures for Changes of Annual Accounting Period by Certain Exempt Organizations....    1545-AI68 
3276        26 USC 0446  Hybrid Instruments.......................................................    1545-AR13 
3277        26 USC 0446  Notional Principal Contracts.............................................    1545-AR22 
3278        26 USC 0446(E)  Adjustments Required by Changes in Methods of Accounting..............    1545-AS93 
3279        26 USC 0448  Nonaccrual-Experience Method of Accounting--Clarification of Amounts                   
            Determined To Be Uncollectible........................................................    1545-AM33 
3280        26 USC 0451  Changes to Method of Accounting for Certain Taxpayers Using Accrual                    
            Method of Accounting for Redemption of Trading Stamps and Coupons Pursuant to Section               
            461(H) of the Code....................................................................    1545-AP04 
3281        26 USC 0457  Income Tax--Deferred Compensation Plans of State and Local Governments                 
            and Tax-Exempt Organizations..........................................................    1545-AI89 
3282        26 USC 0460  Definition of a Long-Term Contract.......................................    1545-AQ30 
3283        26 USC 0460  Subcontracts Between Related Parties That Benefit a Long-Term Contract...    1545-AQ31 
3284        26 USC 0465  Aggregation of Certain Activities for Purposes of the At-Risk Rules......    1545-AI02 
3285        26 USC 0465  Application of At-Risk Limitations to the Holding of Real Property.......    1545-AK08 
3286        26 USC 0465  Guidance on What Constitutes an Interest Other Than That of a Creditor...    1545-AO32 
3287        26 USC 0467  Temporary Income Tax Regulations--Deferred Payments for Use of Property                
            or Services...........................................................................    1545-AG81 
3288        26 USC 0469  Application of Passive Activity Loss and Credit Limitations to Trusts,                 
            Estates, and Their Beneficiaries......................................................    1545-AN62 
3289        26 USC 0469  Allocation of Interest Expense Among Expenditures........................    1545-AO93 
3290        26 USC 0469  Special PAL Rules 469....................................................    1545-AS38 
3291        26 USC 0469(l)(4)  Special Rules for Allocation of Interest Expense Among Expenditures              
            in the Case of Passthrough Entities...................................................    1545-AM79 
3292        26 USC 0474  Simplified Dollar-Value LIFO Method for Certain Small Businesses.........    1545-AK64 
3293        26 USC 0474  Simplified Dollar Value LIFO Method for Certain Small Businesses.........    1545-AN09 
3294        26 USC 0475(a)  Mark-to-Market Upon Disposition.......................................    1545-AS85 
3295        26 USC 0475(a)  Mark-to-Market Upon Disposition.......................................    1545-AS86 
3296        26 USC 0482  Intercompany Transfer Pricing for Services...............................    1545-AR32 
3297        26 USC 0584  Merger or Division of Common Trust Funds--Section 584....................    1545-AQ64 
3298        26 USC 0595(d)  Treatment of Income and Expenses With Respect to Foreclosed Property                
            by Certain Mutual Savings Institutions................................................    1545-AS78 
3299        26 USC 0643  Property Distributed in Kind and Treatment of Multiple Trusts (Secs. 81                
            and 82 of The Tax Reform Act of 1984).................................................    1545-AI06 
3300        26 USC 0643  Clarification of Section 1.643(a)(3) Relating to the Inclusion of Capital              
            Gain in Distributable Net Income......................................................    1545-AI31 
3301        26 USC 0672  Income Taxation of Trusts and Estates....................................    1545-AJ20 
3302        26 USC 0679  Foreign Grantor Trusts...................................................    1545-AO75 
3303        26 USC 0704(c)  Recognition of Pre-Contribution Gain or Loss..........................    1545-AR93 
3304        26 USC 0706  Income Tax--Items Allocated to Portion of Year Partner Held Interest.....    1545-AB81 
3305        26 USC 0707  Income Tax--Treatment of Payments to Partners Not Acting in Their                      
            Capacity as Partners..................................................................    1545-AG83 
3306        26 USC 0737  Section 737 Distributions................................................    1545-AR48 
3307        26 USC 0743  Adjustments Following Sales of Partnership Interests.....................    1545-AS39 
3308        26 USC 0752  Partnership Liabilities..................................................    1545-AR62 
3309        26 USC 0842  Taxation of Foreign Insurance Companies Doing Business in the United                   
            States, Including the Explication of the Minimum Net Investment Income Calculation....    1545-AN31 
3310        26 USC 0842(b)  Foreign Insurance Companies...........................................    1545-AL82 
3311        26 USC 0846  Short/Fiscal Year Discount Factors.......................................    1545-AR58 
3312        26 USC 0847  Special Estimated Tax Payments...........................................    1545-AN33 
3313        26 USC 0861  Recomputation of Allocation and Apportionment of Deduction for State                   
            Income Taxes..........................................................................    1545-AP86 
3314        26 USC 0863  Transportation Income Source Rules.......................................    1545-AJ68 
3315        26 USC 0863  Sourcing Rule Applicable to Certain Insurance Income.....................    1545-AQ37 
3316        26 USC 0864  Tiered Partnership Rules.................................................    1545-AO26 
3317        26 USC 0864  Integrated Financial Transaction.........................................    1545-AR20 
3318        26 USC 0864(c)(6)  Treatment of Deferred Payments and Appreciation Arising Out of                   
            Business Conducted Within the United States...........................................    1545-AM53 
3319        26 USC 0865  Source Rules for Personal Property Sales.................................    1545-AJ83 
3320        26 USC 0872(b)  Income Tax--Reciprocal Exemptions for Certain Transportation Income...    1545-AJ57 
3321        26 USC 0881  Bank Exclusion From Portfolio Interest...................................    1545-AQ39 
3322        26 USC 0881(c)  TEFRA Portfolio Interest Regulation...................................    1545-AR90 
3323        26 USC 0883(c)(3)  Clarification of Section 883(c) Publicly Traded Exception..........    1545-AR77 
3324        26 USC 0884  Proposed Regulations Under Section 1.884-3...............................    1545-AQ72 
3325        26 USC 0894  Dividend Withholding--Luxembourg Corporations............................    1545-AQ54 
3326        26 USC 0897  Income Tax--Partnership Rules Regarding Taxation of Foreign Investment in              
            United States Real Property Interests.................................................    1545-AL77 
3327        26 USC 0902  Deemed Paid Credit Under Section 902 Determined on Accumulated Basis.....    1545-AL98 
3328        26 USC 0905  Section 905(b) Regulations...............................................    1545-AP36 
3329        26 USC 0931  Exclusion of Possession Source Income From Gross Income of Certain                     
            Individuals...........................................................................    1545-AS42 
3330        26 USC 0932  Coordination of U.S. and Virgin Islands Income Taxes.....................    1545-AS41 
3331        26 USC 0953(d)  Foreign Insurance Company--Domestic Election..........................    1545-AO25 
3332        26 USC 0954  Amendment to Subpart F Definitions.......................................    1545-AR31 
3333        26 USC 0955  Subpart F Shipping Amendments............................................    1545-AM46 
3334        26 USC 0960  Deemed-Paid Credit Under Section 960, Determined on Accumulated Basis....    1545-AQ34 
3335        26 USC 0964  Effect of Acquisitive Reorganizations on Earnings and Profits Pools......    1545-AO71 
3336        26 USC 0985  Change From the Dollar Approximate Separate Transactions Method (DASTM)                
            to the Profit-and-Loss Method of Accounting...........................................    1545-AS68 
3337        26 USC 0986  Determination of Foreign Taxes and Foreign Corporations' Earnings and                  
            Profits...............................................................................    1545-AN37 
3338        26 USC 0993  DISC Regulations.........................................................    1545-AM05 
3339        26 USC 1016  Basis Adjustment 1016(a)(2)..............................................    1545-AR60 
3340        26 USC 1017  Basis Reduction Due to Cancellation of Indebtedness......................    1545-AP77 
3341        26 USC 1059A  Amendment of Regulations under IRC Section 1059A........................    1545-AS89 
3342        26 USC 1092  Income Tax--Tax Straddles................................................    1545-AC21 
3343        26 USC 1092  Character of Gains and Losses in Case of Straddles Where at Least One                  
            Position Is Ordinary and at Least One Position Is Capital.............................    1545-AM57 
3344        26 USC 1244  Section 1244 Regulations.................................................    1545-AQ80 
3345        26 USC 1248  Gains From Certain Sales or Exchanges in Certain Foreign Corporations....    1545-AL89 
3346        26 USC 1254  Income Tax--Gain From Disposition of Interest in Oil, Gas, Geothermal, or              
            Other Mineral Properties by S Corporations and Their Shareholders.....................    1545-AM98 
3347        26 USC 1256(e)  Hedging Exception to Mark-to-Market Rules for Section 1256 Contracts,               
            Deferral of Certain Straddle Losses, and Wash-Sale and Short-Sale Principles                        
            Applicable to Certain Straddle Transactions...........................................    1545-AI72 
3348        26 USC 1258  Conversion Transactions..................................................    1545-AS87 
3349        26 USC 1275  Contingent and Variable Debt Instruments.................................    1545-AQ86 
3350        26 USC 1275(d)  Debt Instruments With Original Issue Discount; Anti-Abuse Rule........    1545-AS36 
3351        26 USC 1286  Basic Issues Under Section 1286..........................................    1545-AQ25 
3352        26 USC 1286  Certain Stripping Transactions...........................................    1545-AR12 
3353        26 USC 1295  QEF Shareholder Election.................................................    1545-AM41 
3354        26 USC 1296  Passive Foreign Investment Companies - Special Rules for Foreign Banks                 
            and Securities Dealers................................................................    1545-AS46 
3355        26 USC 1366  Income Tax--Pass-Through of S Corporation Items to Shareholders..........    1545-AE85 
3356        26 USC 1371  Income Tax--Application of Subchapter C Rules to S Corporations..........    1545-AE90 
3357        26 USC 1377  Income Tax--Definitions and Special Rules Pertaining to S Corporations...    1545-AE94 
3358        26 USC 1402  Limited Liability Companies..............................................    1545-AS95 
3359        26 USC 1445  Section 1445 Regulation Revisions Due to 1993 Tax Act....................    1545-AS51 
3360        26 USC 1491  Regulations Under Sections 1491, 1492, and 1494..........................    1545-AN39 
3361        26 USC 1502  Income Tax--Application of Section 465, At-Risk Limitations to Members                 
            That Join in Filing Consolidated Returns..............................................    1545-AC55 
3362        26 USC 1502  Clarifying Deletion of Requirement of Section 1.1502-47(d)(12)(C) That in              
            Applying the Tacking Rule, Profit Life Activities Not Be Separated From Loss Life                   
            Activities............................................................................    1545-AI98 
3363        26 USC 1502  Section 1.1502-33........................................................    1545-AL60 
3364        26 USC 1502  Consolidated Returns: Separate Return Limitation Years and the Carryback               
            and Carryover of Investment Credits, Foreign Tax Credits, Net Operating Losses, and                 
            Net Capital Losses....................................................................    1545-AR11 
3365        26 USC 1502  Section 1.1502-47 Regulations--Supplemental..............................    1545-AR89 
3366        26 USC 1503  Applications of Section 1503(d) to Partnerships and Other Items..........    1545-AR26 
3367        26 USC 1504  Income Tax--Includibility in an Affiliated Group of Subsidiaries Formed                
            To Comply With Foreign Laws...........................................................    1545-AC58 
3368        26 USC 1504  Definition of Affiliated Group...........................................    1545-AR70 
3369        26 USC 2001  Estate and Gift Taxes--Unified Credit in Lieu of Exemption, Unified Rate               
            Schedule for Estate and Gift Taxes....................................................    1545-AC60 
3370        26 USC 2032  Estate Tax--Valuation of Certain Farm, Etc., Real Property...............    1545-AC62 
3371        26 USC 2039  Estate Tax--Annuity Exclusion Repeal.....................................    1545-AP60 
3372        26 USC 2055  Reformation of Charitable Transfers--Definition of Guaranteed Annuity and              
            Lead Unitrust Interest................................................................    1545-AO31 
3373        26 USC 2056A  QDOT Security Requirements..............................................    1545-AS66 
3374        26 USC 2056A  QDOT Security Requirements..............................................    1545-AS67 
3375        26 USC 2104  Situs of Partnership Interests Held by a Nonresident Alien for Estate Tax              
            Purposes..............................................................................    1545-AP07 
3376        26 USC 2511  Loan Guarantees..........................................................    1545-AR16 
3377        26 USC 280A  Withdrawal of Proposed Regulations Relating to Home Office Deduction.....    1545-AR80 
3378        26 USC 280B  Demolition of Structures Definitions.....................................    1545-AR63 
3379        26 USC 3306  Treatment of Certain Deferred Compensation and Salary Reduction                        
            Arrangements..........................................................................    1545-AF97 
3380        26 USC 337(d)  Corporate Inversion Transactions.......................................    1545-AS91 
3381        26 USC 3402  Electronic Filing of Form W-4............................................    1545-AR67 
3382        26 USC 3406  Taxpayer Identifying Number Matching Program.............................    1545-AQ51 
3383        26 USC 4003  Luxury Excise Tax Changes Under OBRA 1993................................    1545-AS34 
3384        26 USC 4081  Diesel Fuel Tax--Gasohol.................................................    1545-AS10 
3385        26 USC 4081  Fuel Floor Stocks Taxes Under OBRA 1993..................................    1545-AS32 
3386        26 USC 4091  Excise Tax on Aviation Fuel..............................................    1545-AL43 
3387        26 USC 4251  Communications Tax Regulations...........................................    1545-AP67 
3388        26 USC 4261  Air Transportation Tax Regulations.......................................    1545-AP68 
3389        26 USC 4671  Chemical Tax Under Section 4461 and Imported Substance Tax Under Section               
            4671..................................................................................    1545-AL73 
3390        26 USC 468B  Escrow Funds and Other Similar Funds.....................................    1545-AR82 
3391        26 USC 4980  Excise Tax--Part 54, Reversion of Qualified Plan Assets to Employer......    1545-AI82 
3392        26 USC 6011  Returns and Payments of Tax Under Federal Insurance Contributions Act....    1545-AQ62 
3393        26 USC 6011  Removal of Signature Requirement from Regulations Governing Requests for               
            Taxpayer Identification Numbers.......................................................    1545-AR81 
3394        26 USC 6033  Amendment of Section 1.6033-2(g)(5) Relating to Returns by an Integrated               
            Auxiliary of a Church.................................................................    1545-AI52 
3395        26 USC 6045  Broker Reporting of Option Transactions..................................    1545-AO40 
3396        26 USC 6046A  6046A - Returns as to Interests in Foreign Partnerships.................    1545-AK75 
3397        26 USC 6048  Section 6048 Regulations.................................................    1545-AR25 
3398        26 USC 6049  Income Tax--To Require Issuers of Certificates of Deposit To Furnish                   
            Issue Price to Brokers................................................................    1545-AK36 
3399        26 USC 6050H  Information Reporting of Points on Mortgage Loans.......................    1545-AO57 
3400        26 USC 6051  IRC Section 6051.........................................................    1545-AN57 
3401        26 USC 6081  Extension of Time To File................................................    1545-AR85 
3402        26 USC 6109  Amendment to Section 6109 Regulations....................................    1545-AS83 
3403        26 USC 6231  Limited Liability Company Tax Matters Partner............................    1545-AS09 
3404        26 USC 6244  Determination of the Tax Treatment of Subchapter S Items at the Corporate              
            Level.................................................................................    1545-AE96 
3405        26 USC 6302  Deposit of Tax Withheld From Nonresident Aliens and Others...............    1545-AP92 
3406        26 USC 6611  Extension of 45-Day Rule for Disallowance of Entries on Overpayments.....    1545-AS64 
3407        26 USC 6621  Differential Interest Rates and Expanded Crediting of Overpayments                     
            Against Underpayments.................................................................    1545-AK06 
3408        26 USC 6655  Section 6655 To Provide Special Rule for Annualization Exception to                    
            Estimated Tax Penalty Applicable to Foreign Sales Corporations........................    1545-AQ63 
3409        26 USC 6656  Failure To Make a Deposit of Taxes.......................................    1545-AO87 
3410        26 USC 6662  Imposition of Accuracy-Related Penalty...................................    1545-AS24 
3411        26 USC 6662  Imposition of Accuracy-Related Penalty...................................    1545-AS25 
3412        26 USC 6695  Revision of Regulations to Require Return Procedure Retain Signature                   
            Attestations Rather Than Forwarding With The Return...................................    1545-AR83 
3413        26 USC 6700  Penalty for Promoting Abusive Tax Shelters...............................    1545-AE99 
3414        26 USC 6701  Penalty for Aiding and Abetting in the Understatement of Tax Liability...    1545-AF01 
3415        26 USC 7409  Political Activity Injunction............................................    1545-AO77 
3416        26 USC 7425  Redemptions of Real Property Under IRC 7425--Excess Expenses.............    1545-AL20 
3417        26 USC 7518  Interim Fishing Vessel Capital Construction Fund Procedures..............    1545-AS69 
3418        26 USC 7702  Definition of Life Insurance Contract....................................    1545-AL08 
3419        26 USC 7704  Certain Publicly Traded Partnerships Treated as Corporations.............    1545-AL57 
3420        26 USC 7805  Income Tax--Presumption of Jeopardy in the Case of Illegal Activity Cash.    1545-AE30 
3421        26 USC 7805  Release of Liens.........................................................    1545-AE82 
3422        26 USC 7805  Procedure and Administration Regulations--Payment of Taxes by Check or                 
            Money Order and Liability of Financial Institutions for Unpaid Taxes..................    1545-AI24 
3423        26 USC 7805  Extension of Statute of Limitations in John Doe Summons Disputes.........    1545-AM67 
3424        26 USC 7805  Suspension of Running of Period of Limitations During Proceeding to                    
            Enforce Designated Summons............................................................    1545-AQ01 
3425        26 USC 7805  Technical Corrections for Chapter 14.....................................    1545-AR49 
3426        26 USC 7805  Disclaimer of Interests and Power........................................    1545-AR52 
3427        26 USC 7805  Modification of Regulations Relating to Negative 481(a) Adjustments......    1545-AR79 
3428        26 USC 7805  Statement of Procedural Rules Update.....................................    1545-AR87 
3429        26 USC 7805  Automatic Extension of Time for Filing Individual Tax Returns............    1545-AS04 
3430        26 USC 7805  Automatic Extension of Time for Filing Individual Tax Returns............    1545-AS05 
3431        26 USC 7805  Liability of Third Parties Paying or Providing for Wages, Suit, and Its                
            Extension and Maximum Amount Recoverable..............................................    1545-AS22 
3432        26 USC 7805  Arbitrage Restrictions on Tax-Exempt Bonds...............................    1545-AS50 
3433        26 USC 7805  Disclosure of Return Information to the U.S. Customs Service.............    1545-AS52 
3434        26 USC 7805  Disclosure of Return Information to the U.S. Customs Service.............    1545-AS53 
3435        26 USC 7805  Marital-Specific Portion.................................................    1545-AS59 
3436        26 USC 7805  Seals of Office in Connection With IRC Section 7514......................    1545-AS61 
3437        26 USC 7805  Definition of ``Club''...................................................    1545-AS71 
3438        26 USC 7805  Treatment of Pass-Through Entities Under Section 67......................    1545-AS72 
3439        26 USC 7805  Treatment of Pass-Through Entities Under Section 67......................    1545-AS73 
3440        26 USC 7805  Club Dues Under Section 274..............................................    1545-AS74 
3441        26 USC 7805  Hedging Transactions by Members of Consolidated Groups...................    1545-AS75 
3442        26 USC 7805  Credit for Employer Social Security Tax Paid on Employee Tips............    1545-AS90 
3443        26 USC 7805  Nonbank Trustee Net Worth Requirements...................................    1545-AS92 
3444        26 USC 9701  User Fees................................................................    1545-AS84 
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Final Rule Stage                                   
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3445        26 USC 0025  Mortgage Credit Certificates.............................................    1545-AH06 
3446        26 USC 0025  Income Tax--Information Reporting for Mortgage Credit Certificates.......    1545-AI39 
3447        26 USC 0025  Reissuance of Mortgage Credit Certificates (Cross-Reference to Temporary               
            Regulations)..........................................................................    1545-AR76 
3448        26 USC 0025(c)  Mortgage Credit Certificates in Targeted Areas........................    1545-AN93 
3449        26 USC 0042  Low-Income Housing Credit Allocation Rules and Information Reporting                   
            Requirements..........................................................................    1545-AJ65 
3450        26 USC 0042  Special Rules To Avoid Substantial Distortion for Recovery of Basis on a               
            Contingent Sale.......................................................................    1545-AP41 
3451        26 USC 0042  State Housing Credit Ceiling and Other Rules Relating to The Low-Income                
            Housing Credit........................................................................    1545-AQ41 
3452        26 USC 0042  Rules To Carry Out the Purposes of Section 42 and for Correcting                       
            Administrative Errors and Omissions...................................................    1545-AR46 
3453        26 USC 0048  Income Tax--Special Rules Added by Sec 223(c) of Crude Oil Windfall                    
            Profit Tax Act 1980, Relating to Reduction of Credit Where Property Is Financed by                  
            Subsidized, Etc.......................................................................    1545-AA26 
3454        26 USC 0055  Alternative Minimum Tax for Individuals..................................    1545-AS44 
3455        26 USC 0055  Alternative Minimum Tax for Individuals (Temp.)..........................    1545-AS45 
3456        26 USC 0061  Taxation of Fringe Benefits..............................................    1545-AQ28 
3457        26 USC 0067  2-Percent Floor on Miscellaneous Itemized Deductions.....................    1545-AJ49 
3458        26 USC 0067  Notice of Allocation of Allocable Investment Expense.....................    1545-AQ82 
3459        26 USC 0071  Treatment of Transfer of Property Between Spouses, Tax Treatment of                    
            Alimony and Separate Maintenance Payments, and Dependency Exemption in the Case of                  
            Child of Divorced Parents.............................................................    1545-AI49 
3460        26 USC 0089  Nondiscrimination Rules for Non-Pension Employee Benefit Plans...........    1545-AI78 
3461        26 USC 0101(a)  The Treatment of Accelerated Death Benefits Under Sections 101, 7702                
            and 7702A of the Internal Revenue Code................................................    1545-AQ70 
3462        26 USC 0103  Income Tax--Exemption for Industrial Development Bonds for Water                       
            Facilities............................................................................    1545-AA49 
3463        26 USC 0103  Income Tax--To Define the Term ``Principal User of a Facility''..........    1545-AA56 
3464        26 USC 0103  Income Tax--Mortgage Subsidy Bonds.......................................    1545-AA63 
3465        26 USC 0103  Requiring Certain Debt Obligations To Be Issued in Registered Form.......    1545-AE18 
3466        26 USC 0103  Sections 103(k) and (l)--Relating to Public Approval and Information                   
            Reporting Requirements for Private Activity Bonds.....................................    1545-AE24 
3467        26 USC 0103  $40 Million Small Issue Limit on Tax-Exempt Bonds Per Taxpayer...........    1545-AH19 
3468        26 USC 0103(b)  Tax Exemption of Obligations To Finance Mixed-Use Residential Rental                
            Property..............................................................................    1545-AH68 
3469        26 USC 0117  Exclusion of Qualified Scholarships and Fellowships From Gross Income....    1545-AJ87 
3470        26 USC 0125  Income Tax--Tax Treatment of Cafeteria Plans.............................    1545-AD63 
3471        26 USC 0126  Income Tax--Exclusion From Income of Certain Cost-Sharing Payments Under               
            Government Programs...................................................................    1545-AA73 
3472        26 USC 0131  Income Tax--Part I Exclusion From Gross Income for Certain Foster Care                 
            Payments..............................................................................    1545-AF52 
3473        26 USC 0142  Exempt Sewage Facilities.................................................    1545-AR64 
3474        26 USC 0162  Lobbying Expense Deductions--Dues........................................    1545-AS18 
3475        26 USC 0162  Denial of Deduction for Expenditures Attributable to Lobbying, Political               
            Campaigns, Etc........................................................................    1545-AS26 
3476        26 USC 0162(k)  Continuation Coverage Requirements of Group Health Plans..............    1545-AI93 
3477        26 USC 0163  Income Tax--Limitations on Deductions for Nonbusiness Interest...........    1545-AK17 
3478        26 USC 0163  Earnings Stripping Payments..............................................    1545-AO24 
3479        26 USC 0165  Income Tax--Tax Straddles Relating to Section 108 of the Tax Reform Act                
            of 1984...............................................................................    1545-AG57 
3480        26 USC 0165  Section 165..............................................................    1545-AP33 
3481        26 USC 0166  Bank Bad Debts--Conclusive Presumption...................................    1545-AR02 
3482        26 USC 0168  Income Tax--Accelerated Cost Recovery System.............................    1545-AA87 
3483        26 USC 0168  Tax-Exempt Entity Leasing................................................    1545-AH76 
3484        26 USC 0168(i)(4)  General Asset Accounts Under the Accelerated Cost Recovery System..    1545-AN82 
3485        26 USC 0170  Substantiation of Contributions Made by Payroll Deduction................    1545-AS27 
3486        26 USC 0174  Definition of Research and Experimental Expenditures Under Section 174 of              
            the Code..............................................................................    1545-AM92 
3487        26 USC 0246(c)  Dividends Received Deduction--Holding Period Reduced for Periods Where              
            Risk of Loss Is Diminished............................................................    1545-AR10 
3488        26 USC 0263A  Produced Property.......................................................    1545-AQ89 
3489        26 USC 0263A  Resellers...............................................................    1545-AQ90 
3490        26 USC 0263A  Farmers.................................................................    1545-AQ91 
3491        26 USC 0263A  Creative Property.......................................................    1545-AQ92 
3492        26 USC 0263A  Foreign Taxpayers.......................................................    1545-AQ93 
3493        26 USC 0263A  Method Change Rules for the Uniform Capitalization Rules................    1545-AQ94 
3494        26 USC 0263A(f)  Capitalization of Interest Expense Relating to Production of Property    1545-AK03 
3495        26 USC 0267  Losses, Expenses, and Interest in Transactions Between Related Taxpayers.    1545-AN19 
3496        26 USC 0269  Income Tax--Personal Service Corporations................................    1545-AF11 
3497        26 USC 0274(d)  Income Tax--Substantiation Requirements With Respect to Listed                      
            Property and Substantiation Requirements Relating to the Taxation of Fringe Benefits..    1545-AJ40 
3498        26 USC 0280A  Home Tax--Deductions for Expenses Attributable to Business Use of Homes,              
            Rental of Vacation Homes..............................................................    1545-AB09 
3499        26 USC 0280F  The Substantiation of Deductions Claimed for the Use of Cellular                      
            Telephones and Computers in a Taxpayer's Trade or Business............................    1545-AP45 
3500        26 USC 0280G  Golden Parachute Payments...............................................    1545-AH49 
3501        26 USC 0337  Recognition of Gain or Loss on Liquidating Sales and Distributions of                  
            Property..............................................................................    1545-AJ01 
3502        26 USC 0337(d)  Guidance in Notice 89-37, Which Treats the Receipt of a Corporate                   
            Partner's Stock by the Corporate Partner as a Circumvention of General Utilities                    
            Repeal................................................................................    1545-AP52 
3503        26 USC 0338  Deemed Purchase Price When Certain Stock Purchases Are Treated as Asset                
            Acquisitions..........................................................................    1545-AF29 
3504        26 USC 0338  Income Tax--Elections Under Section 338, as Added by Section 224 of the                
            Tax Equity and Fiscal Responsibility Act of 1982, as Amended by the Technical                       
            Corrections Act of 1982...............................................................    1545-AF38 
3505        26 USC 0338  Section 338(h)(10) as Added to the Code by Section 306 of the Technical                
            Corrections Act of 1982, Relating to Special Elective Recognition of Gain or Loss.....    1545-AF93 
3506        26 USC 0338  Questions and Answers Relating to Miscellaneous Matters Under Section 338    1545-AH88 
3507        26 USC 0338  Statements of Election and Due Dates.....................................    1545-AI53 
3508        26 USC 0338  Amendment of Section 1.338-5T Regulations................................    1545-AO73 
3509        26 USC 0358  Income Tax--Triangular Reorganizations, Basis and Other Consequences.....    1545-AB21 
3510        26 USC 0367  Amendment of the Income Tax Regulations Under Section 367 of the Code                  
            (Transfers to Foreign Corporations) To Reflect Section 131 of the Tax Reform Act of                 
            1984 (P.L. 98-369)....................................................................    1545-AK74 
3511        26 USC 0367  Transfers of Stock on Securities by U.S. Persons to Foreign Corporations.    1545-AP81 
3512        26 USC 0367(b)  Income Tax--Part 1--Stock Transfer Rules..............................    1545-AI32 
3513        26 USC 0382  Income Tax--Ownership Change.............................................    1545-AJ00 
3514        26 USC 0382  Section 382--Limitation on Groups Filing Consolidated Returns............    1545-AL36 
3515        26 USC 0382  Short Taxable Years and Control Groups...................................    1545-AP14 
3516        26 USC 0401  Income Tax--Refund of Mistaken Contributions.............................    1545-AD68 
3517        26 USC 0401  Income Tax--Required Distributions From Qualified Plans and Individual                 
            Retirement Accounts and Partial Rollovers of Individual Retirement Accounts...........    1545-AE95 
3518        26 USC 0401(a)(4)  Nondiscrimination Requirements for Qualified Plans.................    1545-AQ76 
3519        26 USC 0402  Twenty Percent Withholding on Eligible Rollover Distribution.............    1545-AR35 
3520        26 USC 0402(c)  Twenty Percent Withholding on Eligible Rollover Distribution..........    1545-AR01 
3521        26 USC 0404A  Income Tax--Deduction for Certain Foreign Deferred Compensation Plans...    1545-AD81 
3522        26 USC 0409  Income Tax--Part 1; Estate Tax--Part 20, Employee Stock Ownership Plan                 
            Rules Affected by TRA 1986............................................................    1545-AI87 
3523        26 USC 0411  Income Tax--Part 1--Benefit Accrual Beyond Normal Retirement Age.........    1545-AI85 
3524        26 USC 0411  Income Tax--Part 1--Minimum Vesting Standards............................    1545-AI88 
3525        26 USC 0414  Income Tax--Employees of an Affiliated Service Group.....................    1545-AD90 
3526        26 USC 0414(q)  Definition of ``Highly Compensated Employee''.........................    1545-AQ74 
3527        26 USC 0446  Taxation of Tax-Exempt Organizations' Income From Corporate Sponsorship..    1545-AR19 
3528        26 USC 0448  Limitation of the Use of the Cash Method of Accounting...................    1545-AJ52 
3529        26 USC 0453  Income Tax--General Rules for Installment Sales..........................    1545-AB42 
3530        26 USC 0453  Income Tax--Installment Reporting--Asset Sales and Liquidation...........    1545-AB43 
3531        26 USC 0453  Income Tax--Installment Obligations Received in Transactions in Which                  
            Gain or Loss Is Generally Not Recognized..............................................    1545-AB44 
3532        26 USC 0453A  Special Rules for Nondealers............................................    1545-AN13 
3533        26 USC 0460  Look-Back Method for Long-Term Contracts (Mid-Contract Change in                       
            Taxpayer).............................................................................    1545-AQ32 
3534        26 USC 0465  Income Tax--Determination of Amounts at Risk With Respect to Certain                   
            Activities............................................................................    1545-AB52 
3535        26 USC 0468A  Disposition of an Interest in a Nuclear Power Plant.....................    1545-AN06 
3536        26 USC 0469  Limitations on Passive Activity Losses and Credits.......................    1545-AB26 
3537        26 USC 0469(l)  Limitations on Passive Activity Losses and Credits--Definition of                   
            Activity..............................................................................    1545-AM88 
3538        26 USC 0469(l)  Limitations on Passive Activity Losses and Credits--Self-Charged Items    1545-AN64 
3539        26 USC 0472  Income Tax--Three-Year Averaging for Increases in Inventory Value When                 
            Electing LIFO Method of Accounting....................................................    1545-AB55 
3540        26 USC 0475  Regulations Under Section 475............................................    1545-AS30 
3541        26 USC 0482  Section 482, Cost Sharing Regulations....................................    1545-AM00 
3542        26 USC 0482  Taxation of Global Trading...............................................    1545-AP01 
3543        26 USC 0501  VEBA Qualification--Geographic Locale Restriction........................    1545-AQ66 
3544        26 USC 0593  Income Tax--Limitation on Additions to Bank Loss Reserves................    1545-AB66 
3545        26 USC 0593  Bad Debt Reserve Recapture for Thrift Institutions.......................    1545-AO69 
3546        26 USC 0597  Tax Consequences of Federal Financial Assistance Provided in Connection                
            With Taxable Asset Acquisitions of Troubled Financial Institutions....................    1545-AN71 
3547        26 USC 0601  Statement of Procedural Rules--Appeals Function..........................    1545-AQ18 
3548        26 USC 0706(b)  Taxable Years of Certain Partnerships.................................    1545-AJ47 
3549        26 USC 0708  Partnership Termination Distributions....................................    1545-AO20 
3550        26 USC 0761  Election out of Subchapter K for Producers of Natural Gas................    1545-AP23 
3551        26 USC 0809  Mandatory Securities Valuation Reserve...................................    1545-AR59 
3552        26 USC 0860F  Extension of Time for Real Estate Mortgage Investment Conduits To                     
            Provide Reporting Information.........................................................    1545-AP73 
3553        26 USC 0861  Charitable Contributions.................................................    1545-AP30 
3554        26 USC 0863  Special Rules for Determining Source.....................................    1545-AQ81 
3555        26 USC 0864(d)  Treatment of Related Person Factoring Income; Certain Investments in                
            United States Property; and Stock Redemptions Through Related Corporations............    1545-AH85 
3556        26 USC 0882  Computation of Interest Expense Deduction................................    1545-AL84 
3557        26 USC 0884  Amendments to the Branch Profits Tax Under Sections 884 and 864..........    1545-AQ58 
3558        26 USC 0884  Final Regulations Under Section 1.884-2..................................    1545-AQ73 
3559        26 USC 0892  Income of Foreign Governments and International Organizations............    1545-AL93 
3560        26 USC 0897  Nonrecognition of Corporate Distributions and Reorganizations Under the                
            Foreign Investment in Real Property Tax Act...........................................    1545-AK79 
3561        26 USC 0898  Conforming Taxable Years of CFCs and FPHCs: 1989 Change..................    1545-AO22 
3562        26 USC 0904  Resourcing Income To Prevent Avoidance of Foreign Tax Credit Limitation                
            Rules Relating to Foreign Losses......................................................    1545-AN87 
3563        26 USC 0904(d)(5)  Application of Section 904 to Income Subject to Separate                         
            Limitations and Section 864(e) Affiliated Group Expert Allocation Rules...............    1545-AQ43 
3564        26 USC 0905  Income Tax--Taxpayer's Obligation To File a Notice of Redetermination of               
            Foreign Tax and Civil Penalties for Failure to File...................................    1545-AC09 
3565        26 USC 0924  FSC Transfer Pricing Rules, Distributions, Dividends Received, Deduction,              
            and Other Special Rules for FSC.......................................................    1545-AI16 
3566        26 USC 0936  Income Tax--Definition of Qualified Possession Source Investment Income                
            for Purposes of Puerto Rico and Possession Tax Credit.................................    1545-AC10 
3567        26 USC 0936  Section 936 Regulations..................................................    1545-AR18 
3568        26 USC 0936(d)(4)  CBI Investments of Section 936 Funds...............................    1545-AM91 
3569        26 USC 0953(c)  Insurance Income......................................................    1545-AJ70 
3570        26 USC 0954  Subpart F Definitions....................................................    1545-AM15 
3571        26 USC 0964  Earnings and Profits of Controlled Foreign Corporations..................    1545-AM90 
3572        26 USC 0964  Use of GAAP Earnings as E&P of Foreign Corporations......................    1545-AQ55 
3573        26 USC 0985  Computation and Characterization of Income of Earnings and Profits Under               
            the Dollar Approximate Separate Transactions Method of Accounting (DASTM).............    1545-AP70 
3574        26 USC 0985  Rules for a QBU Changing From the Profit-and-Loss Method to DASTM........    1545-AR28 
3575        26 USC 0987  Computation of a Branch's Taxable Income Taxation of Exchange Gain or                  
            Loss on Branch Remittances............................................................    1545-AM12 
3576        26 USC 0988  Mark-to-Market Method of Accounting Under Section 988....................    1545-AP78 
3577        26 USC 0995  Income Tax--Tax Reform Act of 1984 Relating to Interest Charge DISCs.....    1545-AG71 
3578        26 USC 1001  Modifications of Debt Instruments........................................    1545-AR04 
3579        26 USC 1058  Income Tax--Transfers of Securities Under Certain Agreements.............    1545-AC20 
3580        26 USC 1058  Certain Payments Made Pursuant to a Securities Lending Transaction.......    1545-AP71 
3581        26 USC 1060  Income Tax--Special Allocation Rules for Certain Asset Acquisitions......    1545-AJ06 
3582        26 USC 1092(b)  Income Tax--Tax Reform Act of 1984 Relating to Mixed Straddles........    1545-AH59 
3583        26 USC 1092(b)  Income Tax--Economic Recovery Tax Act of 1981 and the Tax Reform Act                
            of 1984, Relating to Straddles........................................................    1545-AH60 
3584        26 USC 1254  Income Tax--Gain From Disposition of Interest in Oil or Gas Property.....    1545-AC35 
3585        26 USC 1275(d)  Debt Instruments With Original Issue Discount: Anti-Abuse Rule........    1545-AS35 
3586        26 USC 1291  Treatment of Shareholders of Passive Foreign Investment Companies........    1545-AC06 
3587        26 USC 1291(d)(2)  Passive Foreign Investment Companies...............................    1545-AI33 
3588        26 USC 1361  Income Tax--Definition of S Corporation..................................    1545-AE86 
3589        26 USC 1363(d)  Merger of a C Corporation Into an S Corporation.......................    1545-AR50 
3590        26 USC 1374  Cross-Reference--Application of Section 1374 Built-In Gains Tax C                      
            Corporations Electing S Corporation Status............................................    1545-AK93 
3591        26 USC 1441  Withholding on Items of Income Covered by an Income Tax Convention.......    1545-AH86 
3592        26 USC 1441  Withholding of Tax on Nonresident Aliens.................................    1545-AN75 
3593        26 USC 1441  General Revision of Section 1441 Regulations.............................    1545-AO27 
3594        26 USC 1446  Temporary Regulation on Withholding Tax on Payments From Partnerships to               
            Foreign Partners......................................................................    1545-AL32 
3595        26 USC 1502  Consolidated Return Regulations; Adjustment on Disposition of Stock of                 
            Subsidiary............................................................................    1545-AL59 
3596        26 USC 1502  Adjustments Reflecting a Restructuring of a Consolidated Group...........    1545-AL62 
3597        26 USC 1502  Consolidated groups and controlled groups - intercompany transactions and              
            related rules.........................................................................    1545-AL63 
3598        26 USC 1502  Consolidated Alternative Minimum Tax.....................................    1545-AN73 
3599        26 USC 1502  Limitations on the Use of Certain Losses and Built-In Deductions.........    1545-AP15 
3600        26 USC 1502  Investment Adjustments...................................................    1545-AQ69 
3601        26 USC 1504  Cross-Reference--Alaska Native Corporations; Requirements for Affiliation              
            in Order To File a Consolidated Return................................................    1545-AK88 
3602        26 USC 162(M)  Million-Dollar Cap on Deduction for Executive Compensation.............    1545-AS23 
3603        26 USC 2036  Estate and Gift Taxes--Inclusion of Stock in Estate Where Decedent                     
            Retained Voting Rights................................................................    1545-AC63 
3604        26 USC 2056  Estate and Gift Taxes--Increase in Limitations on Marital Deductions.....    1545-AC67 
3605        26 USC 2056  Alien Spouse Marital Deduction...........................................    1545-AM85 
3606        26 USC 2653(b)  Estate Tax--Generation Skipping Transfer Tax..........................    1545-AJ11 
3607        26 USC 2663  Estate Tax--Generation-Skipping Transfer Tax.............................    1545-AL75 
3608        26 USC 3121  Employment Tax--To Require Withholding of Social Security and Railroad                 
            Retirement Tax From Certain Payments of Sick Pay......................................    1545-AC77 
3609        26 USC 3201  Update of Railroad Retirement Tax Act Regulations........................    1545-AR08 
3610        26 USC 3406  Backup Withholding Under Section 3406....................................    1545-AE20 
3611        26 USC 3406  Information Reporting and Backup Withholding.............................    1545-AL99 
3612        26 USC 3406(i)  TIN Matching Program..................................................    1545-AR72 
3613        26 USC 3508  Treatment of Real Estate Agents and Direct Sellers as Nonemployees for                 
            Employment Tax Purposes--Reporting Requirements With Respect to Direct Sellers........    1545-AE62 
3614        26 USC 4001  Retail Excise Taxes on Certain Luxury Items..............................    1545-AP24 
3615        26 USC 4052  Excise Tax--Excise Tax on Heavy Trucks, Truck Trailers and Semitrailers,               
            and Tractors..........................................................................    1545-AI51 
3616        26 USC 4081  Diesel Fuel Excise Tax...................................................    1545-AR92 
3617        26 USC 4221  Vaccine Exports..........................................................    1545-AR38 
3618        26 USC 4611  Tax on Petroleum.........................................................    1545-AJ23 
3619        26 USC 4682  Exports of Ozone-Depleting Chemicals.....................................    1545-AQ23 
3620        26 USC 4980A  Excise Tax--Excess Distributions From Qualified Retirement Plans........    1545-AI81 
3621        26 USC 4992  Excise Tax--Issues Arising Where Multiple Parties Share in Production,                 
            Including Unitizations, Partnerships, Trusts, and Estates.............................    1545-AC94 
3622        26 USC 4996  Excise Tax--Definition of Property Under the Crude Oil Windfall Profit                 
            Tax Act 1980..........................................................................    1545-AD08 
3623        26 USC 6011  Excise Tax--Part 54--Procedure and Administration; Part 301 --Filing of                
            Returns for Payment of Pension Excise Tax on Reversions of Qualified Plan Assets......    1545-AI83 
3624        26 USC 6012  Telefile Voice Signature Test/Voice Signature Alternative................    1545-AR69 
3625        26 USC 6031  Income Tax--Amendments to Requirements for Return of Partnership Income..    1545-AE40 
3626        26 USC 6038  Information Returns Required of United States Persons With Respect to                  
            Certain Foreign Corporations..........................................................    1545-AQ06 
3627        26 USC 6039E  Information From Passport and Immigration Applicants....................    1545-AJ93 
3628        26 USC 6045  Information Returns on Sales Through COD Accounts........................    1545-AG52 
3629        26 USC 6049  Obligation of Brokers To Report Original Issue Discount on Form 1099.....    1545-AM80 
3630        26 USC 6061  Voice Signatures.........................................................    1545-AQ68 
3631        26 USC 6109  Authority of the FCIC To Require Employer Identification Numbers for                   
            Certain Taxpayers.....................................................................    1545-AQ49 
3632        26 USC 6111  Section 6111, Relating to Tax Shelter Registration.......................    1545-AG45 
3633        26 USC 6114  6114 Reporting Requirements Waived.......................................    1545-AP35 
3634        26 USC 6205  Interest-Free Adjustments................................................    1545-AQ61 
3635        26 USC 6222  Miscellaneous Rules Relating to Consolidated Administrative and Judicial               
            Proceedings To Determine the Tax Treatment of Partnership Items.......................    1545-AE51 
3636        26 USC 6241  Small S Corporation Exception and Definition of Subchapter S Item........    1545-AJ99 
3637        26 USC 6302  Railroad Unemployment Repayment Tax......................................    1545-AN40 
3638        26 USC 6302  Federal Tax Deposits by Electronic Funds Transfer........................    1545-AS79 
3639        26 USC 6404(e)  Procedure and Administration--Abatement of Interest...................    1545-AK71 
3640        26 USC 6651(f)  Fraudulent Failure To File Tax Return; Imposition of Fraud Penalty....    1545-AO84 
3641        26 USC 6655  Accelerated Payment of Estimated Taxes by Corporations...................    1545-AE37 
3642        26 USC 6662  Revise Disclosure Standard for Accuracy-Related Penalty Regulations......    1545-AS58 
3643        26 USC 6695  Revise Section 1.6695-1(b) of the Income Tax Regulations To Require Tax                
            Return Preparers to Retain Attestations Rather Than Submitting With Return............    1545-AR78 
3644        26 USC 6851  Certificates of Compliance With Income Tax Laws by Departing Aliens......    1545-AN97 
3645        26 USC 7103(b)  Procedure and Administration--Property Seized by the Internal Revenue               
            Service Under the Money Laundering Control Act of 1986................................    1545-AL04 
3646        26 USC 7502  Procedure and Administration--Amendment of Regulations Relating to the                 
            Timely Mailing of Returns, Taxes, and Deposits........................................    1545-AD42 
3647        26 USC 7520  Actuarial Tables Exceptions..............................................    1545-AR56 
3648        26 USC 7701  Taxable Mortgage Pools...................................................    1545-AP98 
3649        26 USC 7701(a)(40)  Indian Tribal Governments Treated as States for Certain Purposes..    1545-AF77 
3650        26 USC 7701(b)  Special Rules for S Corps under 301.7701(b)-7.........................    1545-AS88 
3651        26 USC 7702  Reasonable Mortality Charges.............................................    1545-AO12 
3652        26 USC 7805  Notice of Lien on Personal Property......................................    1545-AM64 
3653        26 USC 7805  Agreements for Payment for Tax Liability in Installments.................    1545-AM66 
3654        26 USC 7805  Levy and Distraint.......................................................    1545-AM70 
3655        26 USC 7805  Property Exempt From Levy................................................    1545-AN46 
3656        26 USC 7805  Authority To Release Levy and Return Property............................    1545-AN48 
3657        26 USC 7805  Fuel Floor Stocks Tax of 1993............................................    1545-AR94 
3658        26 USC 7805  Vaccine Floor Stock Tax of 1993..........................................    1545-AR95 
3659        26 USC 7805  Allocations Reflecting Gain or Loss on Property Contributed to a                       
            Partnership...........................................................................    1545-AS00 
3660        26 USC 7805  Certain Elections Under the Omnibus Budget Reconciliation Act of 1993....    1545-AS14 
3661        26 USC 7805  Information Reporting for Discharge of Indebtedness......................    1545-AS21 
3662        26 USC 7805  Arbitrage Restriction on Tax-Exempt Bonds................................    1545-AS49 
3663        26 USC 7805  REMIC Variable Interest Rates............................................    1545-AS54 
3664        26 USC 7805  Influencing Legislation..................................................    1545-AS65 
3665        26 USC 7805  Subchapter K Anti-Abuse Rule.............................................    1545-AS70 
3666        26 USC 7872  Regulations on Income Tax Under the Tax Reform Act of 1984, Relating to                
            Below-Market Loans....................................................................    1545-AH72 
----------------------------------------------------------------------------------------------------------------


                                   Internal Revenue Service--Completed Actions                                  
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3667        12 USC 0446  Clear Reflection of Income in the Case of Certain Financial Products.....    1545-AR96 
3668        26 USC 0042  Administrative Errors--Housing Credit....................................    1545-AQ98 
3669        26 USC 0042  Carryover Allocations and Other Rules Relating to the Low-Income Housing               
            Credit................................................................................    1545-AR15 
3670        26 USC 0108  Section 108; Discharge of Indebtedness...................................    1545-AP19 
3671        26 USC 0168(d)  Applicable Conventions Under the Accelerated Cost Recovery System.....    1545-AN81 
3672        26 USC 0170  Substantiation of Contributions Made by Payroll Deduction................    1545-AS28 
3673        26 USC 0263A  Capitalization and Inclusion in Inventory Costs of Certain Expenses.....    1545-AK05 
3674        26 USC 0382  Allocation of a Loss Corporation's Income or Loss for the Taxable Year                 
            That Includes the Change Date Between the Periods Ending With and After the Change                  
            Date..................................................................................    1545-AL58 
3675        26 USC 0382  Amendments of Section 1.382-2T(r)(4)(x) To Except Additional Options From              
            the Option Attribution Rules of Section 1.382-2T(h)(4)(i).............................    1545-AO54 
3676        26 USC 0382  Modification of the Section 1.382-2T(j)(2) Rules.........................    1545-AQ59 
3677        26 USC 0382  Treating Certain Non-Stock Interests as Stock............................    1545-AS48 
3678        26 USC 0382(l)(5)(E)  Regulations under Section 382 of the Internal Revenue Code of                 
            1986; Limitations on Corporate Net Operating Loss Carryforwards.......................    1545-AR91 
3679        26 USC 0382(l)(6)  Value of a Loss Corporation in an Ownership Change to Which Section              
            382(l)(6) Applies.....................................................................    1545-AQ60 
3680        26 USC 0414  Income Tax--Affiliated Service Groups and Employee Leasing...............    1545-AE91 
3681        26 USC 0482  Section 482 Regulations..................................................    1545-AL80 
3682        26 USC 0514(c)(9)(E)  Taxation of Certain Qualified Exempt Organizations on Income                  
            From Debt-Financed Property Owned Through a Partnership...............................    1545-AO78 
3683        26 USC 0864  Allocation and Apportionment of Interest Expense and Certain Other                     
            Expenses..............................................................................    1545-AM20 
3684        26 USC 0985  Change in Method of Accounting for QBU's That Are No Longer                            
            Hyperinflationary.....................................................................    1545-AR29 
3685        26 USC 1031  Like-Kind Exchanges--Coordination With Section 453.......................    1545-AQ48 
3686        26 USC 1221  Capital Asset Defined....................................................    1545-AR73 
3687        26 USC 1275  Sections 1271 Through 1275 Relating to Tax Treatment of Debt Instruments               
            Having Original Issue Discount........................................................    1545-AH46 
3688        26 USC 1275(d)  Treatment of Price Level Adjustment Mortgages Under the Original Issue              
            Discount Provisions of the Code.......................................................    1545-AO03 
3689        26 USC 1367  Income Tax--Rules Relating to Adjustment to Basis of Stock of                          
            Shareholders of S Corporations and to Determination of Basis of Property Distribution               
            by Corporation........................................................................    1545-AE88 
3690        26 USC 1398  Use of Passive Activity Loss Carryovers by Bankruptcy Estates............    1545-AQ50 
3691        26 USC 1398  Section 1398 Substantive Consolidation in Bankruptcy.....................    1545-AR45 
3692        26 USC 2601  Generation-Skipping Transfer Tax.........................................    1545-AQ65 
3693        26 USC 2704  Explain Rules Under Section 2701.........................................    1545-AM86 
3694        26 USC 3221  Supplemental Annuity Tax--Railroad Retirement Supplemental Annuity Tax--               
            Railroad Retirement...................................................................    1545-AR07 
3695        26 USC 3406  TIN Matching Program.....................................................    1545-AR68 
3696        26 USC 4082  Diesel Fuel Excise Tax; Dye Color and Concentration......................    1545-AS81 
3697        26 USC 4082  Diesel Fuel Excise Tax; Dye Color and Concentration......................    1545-AS82 
3698        26 USC 4101  Registration Under Section 4101..........................................    1545-AQ10 
3699        26 USC 6061  Voice Signature Alternative..............................................    1545-AR84 
3700        26 USC 6302  Manner of Payment of Railroad Retirement Employment Tax..................    1545-AR43 
3701        26 USC 6302  Federal Tax Deposits by Electronic Funds Transfer........................    1545-AS80 
3702        26 USC 6611  Procedure and Administration Regulations--Modifications of Interest                    
            Payments for Certain Periods..........................................................    1545-AF10 
3703        26 USC 6611(b)(1)  Clarification of Period During Which Interest Is Allowed With                    
            Respect to Certain Overpayments.......................................................    1545-AO79 
3704        26 USC 6662  Section 482 Penalty......................................................    1545-AQ45 
3705        26 USC 6662  Accuracy-Related Penalty.................................................    1545-AS62 
3706        26 USC 7425  Forfeiture of Land Sales Contract With Respect to Discharge of Federal                 
            Tax Lien..............................................................................    1545-AK24 
3707        26 USC 7430  Recovery of Administrative Costs.........................................    1545-AN02 
3708        26 USC 7430  Exhaustion of Administrative Remedies....................................    1545-AS60 
3709        26 USC 7520  Estate and Gift Tax Valuation Tables.....................................    1545-AM81 
3710        26 USC 7805  Use of Facsimile Signatures by Income Tax Return Preparers of Forms 1041,              
            U.S. Fiduciary Income Tax Returns.....................................................    1545-AL49 
3711        26 USC 7805  Wrongful Levy Actions Involving Government Agencies......................    1545-AO60 
3712        26 USC 7805  Circular 230 Revisions...................................................    1545-AQ57 
3713        26 USC 7805  Limitation of Annual Compensation........................................    1545-AR54 
3714        26 USC 7805  Qualified Separate Lines of Business.....................................    1545-AR61 
3715        26 USC 7805  REMIC Variable Interest Rates............................................    1545-AS55 
----------------------------------------------------------------------------------------------------------------

      
  
          
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                        Prerule Stage
Internal Revenue Service (IRS)
  
_______________________________________________________________________
  
3188. DEFINITION OF QUALIFIED RESEARCH AND COMPUTATION OF RESEARCH CREDIT 
UNDER SECTION 41 OF THE CODE, AFTER 1986 ACT AND 1989 ACT

Legal Authority:  26 USC 7805; PL 101-239, sec 7110

CFR Citation:  26 CFR 602; 26 CFR 1

Legal Deadline: None

Abstract: The purpose of The regulations provide clarification on the 
computation of the research credit, under section 41 of the Internal 
Revenue Code of 1986 as a result of amendments to section 41 by the Tax 
Reform Act of 1986 and the Revenue Reconciliation Act of 1989.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-016-90.
Drafting attorney: Lisa Shuman (202) 622-3120.
Reviewing attorney: Christine Ellison (202) 622-3120.
Treasury attorney: Michael Schultz (202) 622-1343.

Agency Contact: Lisa Shuman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3120

RIN: 1545-AO51
_______________________________________________________________________

3189. A DETAILING OF THE MINIMUM LIVING AREA WHICH MUST CONSTITUTE A 
BEDROOM FOR PURPOSES OF DETERMINING THE GROSS RENT LIMITATION APPLICABLE 
TO RENT-RESTRICTED UNITS

Legal Authority:  26 USC 42(g)(2)(C)

CFR Citation:  26 CFR 42

Legal Deadline: None

Abstract: The regulations discuss the minimum living area of a bedroom 
used for determining the gross rent limitation applicable to rent-
restricted units under section 42(g)(2)(c) for purposes of the low-
income housing credit.

Timetable: Next Action Undetermined

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: PS-010-90.
Drafting attorney: Jeffrey A. Erickson (202) 622-3040.
Reviewing attorney: James F. Ranson (202) 622-3040.
Treasury attorney: Mitch Rapaport (202) 622-0871.

Agency Contact: Jeffrey A. Erickson, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3040

RIN: 1545-AO52
_______________________________________________________________________

3190. DEPENDENT CARE ASSISTANCE

Legal Authority:  26 USC 7805; 26 USC 129

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance to employers and their 
employees concerning qualified dependent care assistance programs. 
Under 26 USC 129, an employee may exclude up to $5,000 from gross 
income for dependent care.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           00/00/00
NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-090-88.
Drafting attorney: Monice Rosenbaum (202) 622-6070.
Reviewing attorney: James L. Brokaw (202) 622-6070.

Agency Contact: Monice Rosenbaum, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-6070

RIN: 1545-AN17
_______________________________________________________________________

3191. PROPOSED REGULATIONS UNDER SECTION 265(B)(3)

Legal Authority:  26 USC 265

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide comprehensive rules under section 
265(b)(3) which excepts qualified tax exempt exceptions from the 
interest disallowance rule of section 265(b)(1).

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: FI-53-93
Drafting attorney: Sharon Galm (202) 622-3920.

Agency Contact: Sharon Galm, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3920

RIN: 1545-AR98
_______________________________________________________________________

3192. COORDINATION OF NONDISCRIMINATION

Legal Authority:  26 USC 7805; 26 USC 401; 26 USC 402

CFR Citation:  26 CFR 1; 26 CFR 54

Legal Deadline: None

Abstract: This project will coordinate regulations under section 401(k) 
and (m) of the Internal Revenue Code of 1986 with nondiscrimination 
regulations under sections 401(a)(4) and 410(b). It will also make 
technical corrections to the regulations.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: EE-86-91.
Drafting attorney: Catherine Livingston Fernandez (202) 622-6030.
Reviewing attorney: Richard M. Lent (202) 622-6030.
Treasury attorney: Kurt L.P. Lawson (202) 622-2647.

Agency Contact: Catherine Livingston Fernandez, Attorney, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-6030

RIN: 1545-AQ87
_______________________________________________________________________

3193. INVENTORIES BY DEALERS IN SECURITIES SECTION 1.471-5

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation adds effective date to section 1.471-5 to 
reflect the enactment of IRC section 475.

Timetable: Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: FI-19-94
Drafting attorney: Nicholas G. Bogos (202) 622-3920.
Reviewing attorney: Bernita Thigpen (202) 622-3920.
Treasury attorney: Mary Heath (202) 622-0868.

Agency Contact: Nicholos G. Bogos, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3920

RIN: 1545-AS57
_______________________________________________________________________

3194. INCOME TAX--UNRELATED TRADE OR BUSINESS INCOME

Legal Authority:  26 USC 7805; 26 USC 512 (a); 26 USC 514 (c)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will address the issue of what constitutes 
real property acquired by a qualified trust. The guidance provided on 
this issue will determine the scope of the exception under 26 USC 
514(c)(9) for such acquisitions from the term acquisition indebtedness. 
Under 26 USC 514, the existence of such indebtedness on income 
producing property gives rise to unrelated debt-financed taxable 
income. The regulation will also address the issue of the proper 
allocation method to determine fixed indirect expenses connected with 
the unrelated trade or business use of an exempt organization's 
property.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           00/00/00
NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-27-81.
Drafting attorney: Monice Rosenbaum (202) 622-6070.
Reviewing attorney: James L. Brokaw (202) 622-6070.

Agency Contact: Monice Rosenbaum, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-6070

RIN: 1545-AE00
_______________________________________________________________________

3195. ACCUMULATION TRUSTS

Legal Authority:  26 USC 667

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations will provide rules concerning the 
income tax treatment of trust distributions that include income 
accumulated by the trust in prior taxable years. Changes to the 
applicable law were made by the Tax Reform Act of 1976 and the Revenue 
Act of 1978. The proposed regulations will provide trustees and 
beneficiaries with the guidance needed to comply with the applicable 
law including sections 641, 643, 652, 661, 662, 665, 666, 667 and 668 
of the Internal Revenue Code.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-184-76.
Drafting attorney: James A. Quinn (202) 622-3060.
Reviewing attorney: Tom Hines (202) 622-3060.

Agency Contact: James A. Quinn, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3060

RIN: 1545-AM78
_______________________________________________________________________

3196. INCOME TAXATION OF TRUST AND ESTATE--SECTION 672(F)

Legal Authority:  26 USC 0672

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulation provides guidance for a special rule 
under subpart E of subchapter J of the code that treats the beneficiary 
of a trust as the owner of the trust in certain cases where the grantor 
(a foreign person) otherwise would be treated as the owner.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-18-93
Drafting attorney: James A. Quinn (202) 622-3060.
Reviewing attorney: Thomas Hines (202) 622-3060.

Agency Contact: James A. Quinn, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3060

RIN: 1545-AR65
_______________________________________________________________________

3197. FIRPTA CLEANUP

Legal Authority:  26 USC 7805; 26 USC 897; 26 USC 1445

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Reporting requirements for 5 percent shareholders; equity 
kickers; establish securities market definition; other related issues.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-785-87.
Drafting attorney: Gwendolyn A. Rotter (202) 622-3860.
Reviewing attorney: Elizabeth U. Karzon (202) 622-3860.
Treasury attorney: Unassigned.

Agency Contact: Gwendolyn A. Rotter, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3860

RIN: 1545-AJ72
_______________________________________________________________________

3198. CLARIFICATION OF TREATMENT OF SEPARATE LIMITATION LOSSES

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Section 1203 of the Tax Reform Act of 1986 amends section 
904(f) by adding paragraph (5) at the end thereof which requires that 
foreign source losses with respect to any income category first offset 
a taxpayer's other foreign source income before such losses offset the 
taxpayer's U.S. source income. The regulation will provide rules for 
the allocation of foreign source losses.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-338-89.
Drafting attorney: Willard W. Yates (202) 622-3850.
Reviewing attorney: Barbara Felker (202) 622-3850.
Treasury attorney: Joni Walser (202) 622-1781.

Agency Contact: Willard W. Yates, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3850

RIN: 1545-AM11
_______________________________________________________________________

3199. SOURCE RULES WITHIN THE VIRGIN ISLANDS

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide sourcing rules for the 
determination as to whether income is derived from sources within the 
Virgin Islands or the United States or is effectively connected with 
the conduct of a trade or business within the Virgin Islands or the 
United States. To the extent possible, the rules will be similar to 
those set forth in IRC sections 861-865.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-613-87.
Drafting attorney: Ricardo A. Cadenas (202) 874-1490.
Reviewing attorney: George M. Sellinger (202) 874-1490.
Treasury attorney: Unassigned.

Agency Contact: Ricardo A. Cadenas, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 950 L'Enfant Plaza South, S.W. Room 
3319, Washington, DC 20024, 202 874-1490

RIN: 1545-AL40
_______________________________________________________________________

3200. OBRA 1993 SECTION 936 REG

Legal Authority:  26 USC 7805; 26 USC 936(a)(4)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will prescribe rules for electing the 60% 
wage limitation on the section 936 credit for computing the limitation, 
and will prescribe rules for electing affiliated group status as well 
as rules to prevent tax avoidance using such affiliated status.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: INTL-073-93
Drafting attorney: Margaret Hogan (202) 622-3870.
Reviewing attorney: Jacob Feldman (202) 622-3870.
Treasury attorney: Unassigned.

Agency Contact: Margaret Hogan, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3870

RIN: 1545-AS43
_______________________________________________________________________

3201. SUBPART F--USE OF DEFICITS

Legal Authority:  26 USC 7805; 26 USC 952; 26 USC 954

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide rules for determining the extent 
to which current year deficits in unrelated income categories or prior 
year deficits may reduce the amount included in the gross income of any 
U.S. shareholder under section 951(a)(1)(A)(i) for taxable years after 
1986.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-954-86.
Drafting attorney: Valerie A. Mark (202) 622-3840.
Reviewing attorney: Phyllis E. Marcus (202) 622-3840.
Treasury attorney: Unassigned.

Agency Contact: Valerie A. Mark, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3840

RIN: 1545-AJ71
_______________________________________________________________________

3202. EARNINGS INVESTED IN EXCESS PASSIVE ASSETS

Legal Authority:  26 USC 7805; 26 USC 956A

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide guidance on the treatment of 
earnings in excess passive assets.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-067-93.
Drafting attorney: Kristine K. Schlaman (202) 622-3850.
Reviewing attorney: Phyllis E. Marcus (202) 622-3840.
Treasury attorney: Joni Walser (202) 622-1781.

Agency Contact: Kristine K. Schlaman, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3850

RIN: 1545-AS47
_______________________________________________________________________

3203. SECTION 1248 - GAIN FROM SALE OR EXCHANGE OF STOCK IN FOREIGN 
CORPORATIONS

Legal Authority:  26 USC 7805; 26 USC 1248; 26 USC 751

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations would amend existing regulations with respect 
to the section 1248 amount attributable to stock of lower tier 
subsidiaries and stock in less developed country corporations. The 
regulations would also provide rules for determining the section 1248 
amount due to certain dispositions on which gain is not recognized. The 
regulations would also expand the foreign tax credit available with 
respect to the section 1248 amount attributable to third-tier 
subsidiaries.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-42-86.
Drafting attorney: Kathryn Horton O'Brien (202) 622-3860.
Reviewing attorney: Charles P. Besecky (202) 622-3860.
Treasury attorney: Unassigned.

Agency Contact: Kathryn Horton O'Brien, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3860

RIN: 1545-AC31
_______________________________________________________________________

3204. DISPOSITION GAIN REPRESENTING ACCRUED MARKET DISCOUNT TREATED AS 
ORDINARY INCOME; DEFERRAL OF INTEREST DEDUCTION ALLOCABLE TO ACCRUED 
MARKET DISCOUNT

Legal Authority:  26 USC 7805; 26 USC 1276; 26 USC 1278

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide rules relating to the 
treatment of gain realized on the disposition of any Market Discount 
Bond as ordinary income. These regulations will also prescribe the 
extent to which a deduction for interest allocable to accrued market 
discount is deferred.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-21-85.
Drafting attorney: Carol A. Schwartz (202) 622-3411.
Reviewing attorney: Bernita Thigpen (202) 622-3920.
Treasury attorney: P. Val Strehlow (202) 622-0869.

Agency Contact: Carol A. Schwartz, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC20224, 202 622-3411

RIN: 1545-AH82
_______________________________________________________________________

3205. INFORMATION REPORTING AND RECORD MAINTENANCE UNDER SECTION 6038C

Legal Authority:  26 USC 7805; 26 USC 7801; 26 USC 6038(c)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation project will implement the directives of 
newly passed section 6038C.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: INTL-102-90.
Drafting attorney: Carol P. Tello (202) 622-3880.
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: Warren Crowdus (202) 622-1779.

Agency Contact: Carol P. Tello, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3880

RIN: 1545-AP10
_______________________________________________________________________

3206. LIMITED LIABILITY COMPANY TAX MATTER PARTNER

Legal Authority:  26 USC 6320(i); 26 USC 6230(k); 26 USC 7805(a)

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The regulations will provide (1) who an LLC may designate as 
its tax matters partner for a specific taxable year, (2) how the 
designation is made, and (3) how the designation is terminated.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: Federal

Additional Information: PS-34-92.
Drafting attorney: Lindsay Russell (202) 622-3050.
Reviewing attorney: Dianna K. Miosi (202) 622-3050.
Treasury attorney: Michael Thomson (202) 622-1334.

Agency Contact: Lindsay Russell, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3050

RIN: 1545-AQ47
_______________________________________________________________________

3207. TIME FOR PERFORMING CERTAIN ACTS POSTPONED BY REASON OF SERVICE IN 
COMBAT ZONE

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will address how service in a combat zone 
affects the time for performing certain actions required or allowed 
under the internal revenue laws.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-006-91.
Drafting attorney: Stuart Spielman (202) 622-4940.
Reviewing attorney: Alan Fraser (202) 622-4940.
Treasury attorney: Jim Miller (202) 622-1768.

Agency Contact: Stuart Spielman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-4940

RIN: 1545-AP90
_______________________________________________________________________

3208. REGULATIONS DEALING WITH CONDUIT ARRANGEMENTS

Legal Authority:  26 USC 7805; 26 USC 7701 (l)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Regulations dealing with conduit financing arrangements.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-64-93
Drafting attorney: Richard L. Chewning (202) 622-3870.
Reviewing attorney: Neil Z. Auerbach (202) 622-3880.
Treasury attorney: Peter Marrs (202) 622-0724.

Agency Contact: Richard L. Chewning, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3870

RIN: 1545-AS40
_______________________________________________________________________

3209.  CONDUIT ARRANGEMENT REGULATIONS

Legal Authority:  26 USC 7805; 26 USC 7701(l)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Temporary regulations dealing with conduit financial 
arrangements.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-64-93
Drafting attorney: Richard L. Chewning (202) 622-3870.
Reviewing attorney: Neil Z. Auerbach (202) 622-3880.
Treasury attorney: Peter Marrs (202) 622-0724.

Agency Contact: Richard L. Chewning, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3870

RIN: 1545-AS63
_______________________________________________________________________

3210.  DEBT INSTRUMENTS WITH OID; ANNUITY CONTRACTS

Legal Authority:  26 USC 7805; 26 USC 1275(d)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations determines which annuity contracts issued by 
banks are debt instruments or purposes of OID regs.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: FI-33-94
Drafting attorney: Andrew Kittler (202) 622-3940.
Treasury attorney: Mary Heath (202) 622-0868.

Agency Contact: Andrew Kittler, Senior Technical Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3940

RIN: 1545-AS76
_______________________________________________________________________

3211.  INTANGIBLE AMORTIZATION ADVANCE NOTICE

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This Advance notice of proposed rulemaking invites written 
comments from the public on issues that the IRS may address in proposed 
regulations under section 197 and section 167, relating to the 
amortization of goodwill and certain other intangibles. This notice is 
intended to help develop guidance to assist taxpayers in applying the 
rules relating to section 197.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           10/00/94

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: PS-29-94
Drafting attorney: John Huffman (202) 622-3110.
Reviewing attorney: Susan Reaman (202) 622-3110.
Treasury attorney: John Parcell (202) 622-2578.

Agency Contact: John Huffman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Consitution Ave. NW., Washington, DC 
20224, 202 622-3110

RIN: 1545-AS77
_______________________________________________________________________

3212. REMIC REGULATIONS

Legal Authority:  26 USC 7805; 26 USC 860E; 26 USC 860G

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations will provide guidance to REMICS and 
to their investors concerning the operation, formation and taxation of 
the entity and the investors.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-31-93
Drafting attorney: Carol A. Schwartz (202) 622-3920.
Reviewing attorney: Marshall Feiring (202) 622-3960.
Treasury attorney: P. Val Strehlow (202) 622-0869.

Agency Contact: Carol A. Schwartz, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3920

RIN: 1545-AR88
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage
Internal Revenue Service (IRS)
  
_______________________________________________________________________
  
3213. STATEMENT OF PROCEDURAL RULES--UPDATE 2

Legal Authority:  5 USC 552 (a)(1)(C)

CFR Citation:  26 CFR 601.101; 26 CFR 601.102; 26 CFR 601.103; 26 CFR 
601.104; 26 CFR 601.105; 26 CFR 601.107; 26 CFR 601.108; 26 CFR 601.109

Legal Deadline: None

Abstract: The regulation updates the statement of procedural rules that 
concern the basic return processing, examination, and collection 
functions.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/01/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-21-93.
Drafting attorney: John Moran (202) 622-4940.
Reviewing attorney: George Bradley (202) 622-8104.

Agency Contact: John Moran, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC. 
20224, 202 622-4940

RIN: 1545-AR44
_______________________________________________________________________

3214. STATEMENT OF PROCEDURAL RULES--PART 601.702

Legal Authority:  5 USC 552; 5 USC 301

CFR Citation:  26 CFR 601.702

Legal Deadline: None

Abstract: The document contains final rules amending the Statement of 
Procedural Rules (SPR) (26 CFR 601.702). Some amendments reflect 
procedures heretofore only made available to the public in the Internal 
Revenue Manual, which is maintained in Internal Revenue Service reading 
rooms. The SPR also reflects changes in the title and nomenclature and 
changes of addresses to be contacted for Freedom of Information 
requests. The rules affect persons requesting records from the Internal 
Revenue Service.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Statement of Procedural Rules   00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CC:EL:D-51-84-93
Drafting attorney: Margo L. Stevens (202) 622-4570.

Agency Contact: Margo L. Stevens, Attorney, Department of the Treasury, 
Internal Revenue Service, 202 622-4570

RIN: 1545-AR99
_______________________________________________________________________

3215. GRANTOR TRUST REPORTING REQUIREMENTS

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: The regulations will provide rules pertaining to the grantor 
trust reporting requirements.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-79-93
Drafting attorney: Robert Rio (202) 622-3060.
Reviewing attorney: Arthur Ernst (202) 622-3060.
Treasury attorney: Elizabeth Wagner (202) 622-1778.

Agency Contact: Robert Rio, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3060

RIN: 1545-AS37
_______________________________________________________________________

3216. MORTGAGE CREDIT CERTIFICATES AND TARGETED AREAS

Legal Authority:  26 USC 25 (c); 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The percentage of mortgage originations required by section 
1.25-4T(g) (8 percent) was predicted of the 1:5 trade in rule contained 
in former section 25(c) of the Code to accommodate the new 1:4 rate 
contained in section 25(c). We are amending sections 1.25-4T(g).

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: Governmental Jurisdictions

Government Levels Affected: State, Local

Additional Information: FI-068-89.
Drafting attorney: Harold Diamond (202) 622-3980.

Agency Contact: Harold Diamond, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3980

RIN: 1545-AO05
_______________________________________________________________________

3217. LOW-INCOME HOUSING CREDIT RECAPTURE RULE

Legal Authority:  26 USC 38; 26 USC 42; 26 USC 167; 26 USC 168; 26 USC 
142(d); 26 USC 179; 26 USC 267(b); 26 USC 1274(d)(1); 26 USC 6621; 26 
USC 6622

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide guidance with respect to the 
recapture requirements of section 42(j)for the low-income housing 
credit. In addition, these regulations will clarify the types of 
housing that will qualify for the credit.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-108-87.
Drafting attorney: Christopher J. Wilson (202) 622-3040.
Reviewing attorney: James Ranson (202) 622-3040.

Agency Contact: Christopher J. Wilson, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3040

RIN: 1545-AL12
_______________________________________________________________________

3218. 10-YEAR WAIVER REGULATIONS UNDER SECTION 42 IRC

Legal Authority:  26 USC 7805; 26 USC 42

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation provides rules for purposes of the low income 
credit under section 429 of the Code on certain buildings acquired 
during a 10-year period.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-025-90.
Drafting attorney: Jeffrey A. Erickson (202) 622-3040.
Reviewing attorney: James Ranson (202) 622-3040.
Treasury attorney: Mitch Rapaport (202) 622-0871.

Agency Contact: Jeffrey A. Erickson, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3040

RIN: 1545-AO94
_______________________________________________________________________

3219. DISABLED ACCESS CREDIT

Legal Authority:  26 USC 44(e)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will explain who is eligible for the disabled 
access credit and what types of expenditures will qualify for the 
credit.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/94

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: PS-94-91.
Drafting attorney: Mark Pitzer (202) 622-3110.
Reviewing attorney: Susan Reaman (202) 622-3110.

Agency Contact: Mark Pitzer, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3110

RIN: 1545-AQ20
_______________________________________________________________________

3220. RENEWABLE ELECTRICITY PRODUCTION CREDIT, SECTION 45

Legal Authority:  26 USC 7805; 26 USC 45

CFR Citation:  26 CFR 1.45

Legal Deadline: None

Abstract: These regulations relate to issues dealing with the operation 
of the renewable electricity production credit under section 45 of the 
Code.

Timetable: Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: PS-59-93
Drafting attorney: Jeffrey A. Erickson (202) 622-3110.
Reviewing attorney: Harold Burghart (202) 622-3110.
Treasury attorney: Elizabeth Wagner (202) 622-1778.

Agency Contact: Jeffrey A. Erickson, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3040

RIN: 1545-AS01
_______________________________________________________________________

3221. CREDIT FOR EMPLOYER SOCIAL SECURITY TAX PAID ON EMPLOYEE TIPS

Legal Authority:  26 USC 7805 Internal Revenue Code of 1986

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Section 45B of the Code describes a business tax credit for 
employer FICA (social security) taxes paid by food and beverage 
establishments on tips received by their employees. The proposed 
regulations clarify that the credit applies only to taxes paid on tips 
reported to the employer by its employees and that the credit is 
effective for employer FICA taxes paid after December 31, 1993, with 
respect to tips received for services performed after December 31, 
1993.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/23/93                    58 FR 68091
NPRM Comment Period End         02/22/94                    58 FR 68091


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: EE-71-93
Drafting Attorney: Karin Loverud (202) 622-6060.
Reviewing Attorney: Mark Schwimmer (202) 622-6060.

Agency Contact: Karin Loverud, Tax Law Specialist, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-6060

RIN: 1545-AS16
_______________________________________________________________________

3222. MINIMUM TAX CREDIT AND OTHER MISCELLANEOUS RULES RELATING TO THE 
ALTERNATIVE MINIMUM TAX

Legal Authority:  26 USC 55; 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This project will address issues relating to the Alternative 
Minimum Tax for individuals and corporations. Changes to the applicable 
law were made by the Tax Reform Act of 1986 and the Technical and 
Miscellaneous Revenue Act of 1988. The regulations will provide 
individual and corporate taxpayers with the guidance necessary to 
determine their alternative minimum tax and their minimum tax credit.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-2-87.
Drafting attorney: Stephen J. Toomey (202) 622-4960.
Reviewing attorney: William Jackson (202) 622-4960.

Agency Contact: Stephen J. Toomey, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-4960

RIN: 1545-AJ86
_______________________________________________________________________

3223. INCOME TAX--INVENTORY ADJUSTMENT FOR THE ALTERNATIVE MINIMUM TAX

Legal Authority:  26 USC 7805; 26 USC 56 (a)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance with respect to inventory 
adjustments for the alternative minimum tax.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-85-87.
Drafting attorney: Edward C. Schwartz (202) 622-4960.
Reviewing attorney: William Jackson (202) 622-4960.
Treasury attorney: John Parcell (202) 622-2578.

Agency Contact: Edward C. Schwartz, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-4960

RIN: 1545-AL02
_______________________________________________________________________

3224. INCOME TAX--INVENTORY ADJUSTMENT FOR THE ALTERNATIVE MINIMUM TAX

Legal Authority:  26 USC 7805; 26 USC 56 (a)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation provides guidance with respect to inventory 
adjustment for the alternative minimum tax.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-84-87.
Drafting attorney: Edward C. Schwartz (202) 622-4960.
Reviewing attorney: William Jackson (202) 622-4960.
Treasury attorney: John Parcell (202) 622-2578.

Agency Contact: Edward C. Schwartz, Attorney Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-4960

RIN: 1545-AL03
_______________________________________________________________________

3225. APPLICATION OF SECTION 58(H) OF THE 1954 CODE TO SITUATIONS 
INVOLVING NOL CARRYBACKS

Legal Authority:  26 USC 7805; 26 USC 58(h)

CFR Citation:  26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: This regulation will give guidance on how to apply the 
special 58(h) tax benefit rule when a taxpayer receives no tax benefit 
from items of tax preference because of net operating losses.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-060-89.
Drafting attorney: Kelly Richardson Berg (202) 622-4960.
Reviewing attorney: William Jackson (202) 622-4960.

Agency Contact: Kelly Richardson Berg, Tax Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-4960

RIN: 1545-AO36
_______________________________________________________________________

3226. ALTERNATIVE MINIMUM TAX FOREIGN TAX CREDIT

Legal Authority:  26 USC 7805; 26 USC 59

CFR Citation:  Not yet determined

Legal Deadline: None

Abstract: This regulation will provide taxpayers with the guidance 
necessary to correctly determine their alternative minimum tax foreign 
tax credit.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: IA-95-91.
Drafting attorney: Edward C. Schwartz (202) 622-4960.
Reviewing attorney: William A. Jackson (202) 622-4960.

Agency Contact: Edward C. Schwartz, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-4960

RIN: 1545-AQ33
_______________________________________________________________________

3227. AMENDMENT TO THE REGULATIONS UNDER SECTION 61 TO CONFORM THE 
TREATMENT OF BOND PREMIUM INCOME TO THE CONSTANT YIELD METHOD

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide a method for determining how to 
include bond premium into income. The method is the constant yield 
method.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: FI-70-88.
Drafting attorney: Nicholas G. Bogos (202) 622-3920.
Reviewing attorney: Andrew Kittler (202) 622-3940.

Agency Contact: Nicholas G. Bogas, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3920

RIN: 1545-AL92
_______________________________________________________________________

3228. TO CLARIFY THAT THE SERVICE HAS AUTHORITY TO AMEND THE STANDARD 
INDUSTRY FARE LEVEL (SIFL) AIRCRAFT VALUATION FORMULA

Legal Authority:  26 USC 7805; 26 USC 61(a)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Taxpayers want more timely publication of the Standard 
Industry Fare Level (SIFL) rates, preferably publication in the last 
quarter of the year before the year in which the rates will be 
applicable. Difficulties arising from the need to coordinate with the 
Department of Transportation which furnishes the rates make it 
virtually impossible to satisfy the request for timeliness under the 
current system. Therefore, the Service proposes to adopt a Cost of 
Living adjustment to be published in the last quarter of each year. The 
rate adjustment will be applied to a base SIFL rate. The Service 
believes that adopting a COLA adjustment will meet taxpayers needs for 
timely information and that it will significantly reduce the volume of 
telephone calls that the Service currently receives on this issue.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: State, Local, Federal

Additional Information: EE-71-91.
Drafting attorney: Robert Wheeler (202) 622-6060.
Reviewing attorney: Jerry Holmes (202) 622-6040.
Treasury attorney: Kurt Lawson (202) 622-1352.

Agency Contact: Robert Wheeler, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-6060

RIN: 1545-AQ16
_______________________________________________________________________

3229. LOANS TREATED AS DISTRIBUTIONS

Legal Authority:  26 USC 7805; 26 USC 72

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance on the application of 
rules for determining the income tax treatment to be accorded loans to 
participants or beneficiaries from qualified employer plans. The loan 
rules are provided in section 72(p) of the Internal Revenue Code of 
1986.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-106-82.
Drafting attorney: Elizabeth A. Purcell (202) 622-6080.
Reviewing attorney: Michael Thrasher (202) 622-6000.

Agency Contact: Elizabeth A. Purcell, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-6080

RIN: 1545-AE41
_______________________________________________________________________

3230. TEN PERCENT ADDITIONAL TAX ON EARLY DISTRIBUTION FROM QUALIFIED 
PLANS

Legal Authority:  26 USC 7805; 26 USC 72

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Guidance concerning the application of the tax to early 
distributions and an explanation of the exceptions, such as 
substantially equal periodic payments.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: Undetermined

Additional Information: EE-080-89.
Drafting attorney: Rebecca Wilson (202) 622-6040.
Reviewing attorney: Jerry Holmes (202) 622-6040.

Agency Contact: Rebecca Wilson, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-6040

RIN: 1545-AN16
_______________________________________________________________________

3231. REMOVING GENDER DISTINCTION FROM MORTALITY TABLES

Legal Authority:  26 USC 7805; 26 USC 79

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations will gender-neutralize the mortality 
table used under section 79 to determine the value of group-term life 
insurance's permanent benefits provided to employees.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-111-88.
Drafting attorney: Betty Clary (202) 622-6070.
Reviewing attorney: James Brokaw (202) 622-6070.

Agency Contact: Betty Clary, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-6070

RIN: 1545-AK50
_______________________________________________________________________

3232. SECTION 79, TABLE I, UPDATE

Legal Authority:  26 USC 7805; 26 USC 79

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulation will update the table used to 
determine the cost amount of group-term life insurance to be included 
in gross income.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: EE-82-89.
Drafting attorney: Betty Clary (202) 622-6070.
Reviewing attorney: James Brokaw (202) 622-6070.

Agency Contact: Betty Clary, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-6070

RIN: 1545-AN54
_______________________________________________________________________

3233. STUDY OF APPLICATION OF SECTION 302 AND SECTION 1.83(D)

Legal Authority:  26 USC 7805; 26 USC 83

CFR Citation:  26 CFR 1.83-6

Legal Deadline: None

Abstract: Regulation section 1.83-6(d) will be revised to distinguish 
between a section 302 transaction and a 1032 transaction. Also, a 
special rule will be added for transfers of stock from a parent 
corporation to employees of a subsidiary.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-81-88.
Drafting attorney: Charles T. Deliee (202) 622-6060.

Agency Contact: Charles T. Deliee, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-6060

RIN: 1545-AN55
_______________________________________________________________________

3234. DEFINITION OF ``REISSUANCE'' UNDER SECTION 103

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations would provide guidance regarding whether 
changes in the terms of an outstanding obligation result in that 
obligation being treated as retired and reissued as a new obligation. 
Guidance on the definition of issuance appeared as Notice 88-130, 1988-
52, IRB 12. The rules contained in the Notice will be incorporated in 
the regulations.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: Undetermined

Additional Information: FI-29-86.
Drafting attorney: David White (202) 622-3980.
Treasury attorney: Mitch Rappaport (202) 622-0871.

Agency Contact: David White, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3980

RIN: 1545-AI65
_______________________________________________________________________

3235. INCOME TAX--DISCHARGE OF INDEBTEDNESS

Legal Authority:  26 USC 7805; 26 USC 108; 26 USC 1017; PL 96-589, Sec 
2

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This proposal would provide rules relating to certain income 
from the discharge of indebtedness, including rules relating to the 
election to reduce the basis of assets in lieu of recognizing income.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: IA-91-81.
Drafting attorney: Sharon Hall (202) 622-4930.
Reviewing attorney: Sharon Hall (202) 622-4930.

Agency Contact: Sharon Hall, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-4930

RIN: 1545-AA67
_______________________________________________________________________

3236. CONSOLIDATED ATTRIBUTE REDUCTION UNDER SECTION 108(B)

Legal Authority:  26 USC 7805; 26 USC 108

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide for the reduction of 
consolidated attributes under section 108(b) when discharge of 
indebtedness income realized by a member of consolidated group is 
excluded from gross income under section 108(a).

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: CO-44-91.
Drafting Attorney: William Alexander (202) 622-7780.

Agency Contact: William Alexander, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-7780

RIN: 1545-AP95
_______________________________________________________________________

3237. PURCHASE MONEY DEBT REDUCTION TREATED AS PRICE REDUCTION

Legal Authority:  26 USC 7805; 26 USC 108(e)(5)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide guidance regarding the 
application of section 108(e)(5) under which a debt of a purchaser of 
property to the seller of such property is treated as a purchase price 
reduction, rather than as income from the cancellation of indebtedness.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-47-91.
Drafting attorney: Sharon L. Hall (202) 622-4930.
Reviewing attorney: Michael D. Finley (202) 622-4930.

Agency Contact: Sharon L. Hall, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-4930

RIN: 1545-AQ00
_______________________________________________________________________

3238. DEBT DISCHARGE INCOME, JOINT AND SEVERAL DEBTS

Legal Authority:  26 USC 7805; 26 USC 108

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: What is the proper tax treatment of joint and several debts 
for purposes of code sections 61(a)(12) and 108?

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-047-93
Drafting attorney: James Atkinson (202) 622-4950.
Reviewing attorney: Kelly Alton (202) 622-4890.

Agency Contact: James Atkinson, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-4950

RIN: 1545-AR86
_______________________________________________________________________

3239. CONSOLIDATED ATTRIBUTE REDUCTION UNDER SECTION 108(B)

Legal Authority:  26 USC 7805; 26 USC 1502

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The attribute reduction required by section 108(b) only 
applies on a single entity basis. This regulation sets forth rules for 
the reduction of attributes under section 108(b) on a consolidated 
basis.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-72-91.
Drafting attorney: Amy Sargent (202) 622-4930.
Reviewing attorney: Mark Schneider (202) 622-4890.

Agency Contact: Amy Sargent, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-4930

RIN: 1545-AQ84
_______________________________________________________________________

3240. QUALIFIED TUITION REDUCTIONS

Legal Authority:  26 USC 7805; 26 USC 117 (d)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations contain rules explaining when 
qualified tuition reductions provided for education below the graduate 
level to an employee of an educational organization or to a person 
treated as an employee will be excluded from the employee's gross 
income. The proposed regulations include rules relating to tuition 
reductions which discriminate in favor of officers, owners or highly 
compensated employees and so are includible in income. The proposed 
regulations also provide rules relating to the treatment of tuition 
reductions in the case of graduate student teaching and research 
assistants.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-35-85.
Drafting attorney: Michael Schmit (202) 622-4960.
Reviewing attorney: William Jackson (202) 622-4960.

Agency Contact: Michael Schmit, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-4960

RIN: 1545-AI13
_______________________________________________________________________

3241. DEFINITION OF ``PRIVATE ACTIVITY BOND'', ``QUALIFIED BOND''

Legal Authority:  26 USC 7805; 26 USC 141

CFR Citation:  26 CFR l

Legal Deadline: None

Abstract: This regulation provides a definition of the term ``private 
activity bond''.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: State, Local

Additional Information: FI-72-88.
Drafting attorney: William P. Cejudo (202) 622-3980.

Agency Contact: William P. Cejudo, Attorney/Advisor, Department of the 
Treasury, Internal Revenue Service, llll Constitution Ave. NW., 
Washington, DC 20224, 202 622-3980

RIN: 1545-AM01
_______________________________________________________________________

3242. QUALIFIED 501(C)(3) BONDS

Legal Authority:  26 USC 7805; 26 USC 145

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations would provide guidance regarding the 
circumstances under which a private activity bond will be treated as a 
qualified 501(c)(3) bond.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-84-86.
Drafting attorney: Dave E. White (202) 622-3980.
Treasury attorney: Mitch Rappaport (202) 622-0871.

Agency Contact: David E. White, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3980

RIN: 1545-AJ39
_______________________________________________________________________

3243. STATE VOLUME CAP FOR TAX-EXEMPT BONDS

Legal Authority:  26 USC 7805; 26 USC 146

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation would provide state volume cap rules for tax-
exempt bonds.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: FI-85-86.
Drafting attorney: L. Michael Wachtel (202) 622-3980.

Agency Contact: L. Michael Wachtel, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3980

RIN: 1545-AJ37
_______________________________________________________________________

3244. SUBSEQUENT INTENTIONAL ACTS TO EARN ARBITRAGE AND THE REASONABLE 
EXPECTATIONS TEST FOR ARBITRAGE BONDS

Legal Authority:  26 USC 148 (a); 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations provide that if subsequent 
intentional acts are taken after the date of issue to earn arbitrage, 
the reasonable expectations test does not prevent a bond from being 
declared an arbitrage bond.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: FI-044-89.
Drafting attorney: David White (202) 622-3980.

Agency Contact: David White, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3980

RIN: 1545-AN69
_______________________________________________________________________

3245. QUALIFIED RESIDENCE INTEREST

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide guidance regarding the 
definition of qualified residence interest, including the definition of 
acquisition debt and guidance regarding the computation of the 
limitation.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-27-88.
Drafting attorney: Sharon L. Hall (202) 622-4930.
Reviewing attorney: Kelly Alton (202) 622-4880.

Agency Contact: Sharon L. Hall, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue, Washington, DC 
20224, 202 622-4930

RIN: 1545-AL67
_______________________________________________________________________

3246. MODIFICATION OF ACRS

Legal Authority:  26 USC 7805; 26 USC 168

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation would provide rules concerning the accelerated 
cost recovery system for property generally placed in service after 
December 31, 1986.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-86-86.
Drafting attorney: Mark Pitzer (202) 622-3110.
Reviewing attorney: Charles Ramsey (202) 622-3110.
Treasury attorney: Barksdale Penick (202) 622-1335.

Agency Contact: Mark Pitzer, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3110

RIN: 1545-AJ38
_______________________________________________________________________

3247.  SUBSTANTIATION OF CERTAIN CHARITABLE CONTRIBUTIONS

Legal Authority:  26 USC 7805; 26 USC 170(f)(8)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations will provide guidance to the 
public on various issues under section 170(f)(8) of the Internal 
Revenue Code. This section concerns substantiation requirements for 
income tax deduction for charitable contributions.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-44-94
Drafting attorney: Joel Rutstein (202) 622-4930.
Reviewing attorney: Karin Gross (202) 622-4930.
Treasury attorney: Michael Schultz (202) 622-1343

Agency Contact: Joel Rutstein, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-4930

RIN: 1545-AS94
_______________________________________________________________________

3248. RECAPTURE--CLEAN FUEL/ELECTRIC VEHICLES

Legal Authority:  26 USC 7805; 26 USC 179A; 26 USC 30

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations on the definition of a qualified 
electric vehicle under section 30(c) and the recapture of the benefit 
of any credit allowable for qualified electric vehicles under section 
30 and any deduction allowable for qualified clean-fuel vehicle 
property or qualified clean-fuel vehicle refueling property under 
section 179A.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-72-92.
Drafting attorney: Joanne Johnson (202) 622-3110.
Reviewing attorney: Susan Reaman (202) 622-3110.
Treasury attorney: Robert Kilinskis (202) 622-1339.

Agency Contact: Joanne Johnson, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3110

RIN: 1545-AR23
_______________________________________________________________________

3249. DETERMINATION OF SECTION 30 CREDIT AND SECTION 179A DEDUCTION

Legal Authority:  26 USC 7805; 26 USC 179A; 26 USC 30

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations will assist taxpayers in determining 
what costs are eligible for the section 30 credit and section 179A 
deduction and how to compute this credit and deduction.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           06/09/93                    58 FR 32317


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-43-93
Drafting attorney: Joanne E. Johnson (202) 622-3110.
Reviewing attorney: Susan Reaman (202) 622-3110.

Agency Contact: Joanne Johnson, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3110

RIN: 1545-AR66
_______________________________________________________________________

3250. INCOME TAX--TO ADD PROVISIONS RELATING TO START-UP EXPENDITURES

Legal Authority:  26 USC 7805; 26 USC 195

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations would provide guidance to taxpayers electing 
to amortize start-up expenditures relating to the creation or 
acquisition of an active trade or business.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: PS-36-81.
Drafting attorney: David Selig (202) 622-3040.
Reviewing attorney: James Ranson (202) 622-3040.

Agency Contact: David Selig, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3040

RIN: 1545-AB02
_______________________________________________________________________

3251. AMORTIZATION--GOODWILL INTANGIBLES 197

Legal Authority:  26 USC 7805; PL 103-66

CFR Citation:  26 CFR 0197

Legal Deadline: None

Abstract: This proposed regulation is intended to provide guidance to 
taxpayers on the manner of electing retroactive treatment for 
amortization of intangibles acquired after July 25, 1991, and the rules 
for implementing such election.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/94

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: PS-55-93
Drafting attorney: John Huffman (202) 622-3110.
Reviewing attorney: Susan Reaman (202) 622-3110.
Treasury attorney: John Parcell (202) 622-2578.

Agency Contact: John Huffman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3110

RIN: 1545-AS11
_______________________________________________________________________

3252. AMORTIZATION--GOODWILL INTANGIBLES 197

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1.0197

Legal Deadline: None

Abstract: This temporary regulation is intended to provide guidance to 
taxpayers on the manner of electing retroactive treatment for 
amortization of intangibles acquired after July 25, 1991, and the rules 
for implementing such election. Manner and implementation of electing 
retroactive treatment back to July 25, 1991 for intangible 
amortization.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            10/00/94

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: PS-55-93
Drafting attorney: John Huffman (202) 622-3110.
Reviewing attorney: Susan Reaman (202) 622-3110.
Treasury attorney: John Parcell (202) 622-2578.

Agency Contact: John Huffman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3110

RIN: 1545-AS12
_______________________________________________________________________

3253. DISTRIBUTIONS BY COOPERATIVE HOUSING ASSOCIATION

Legal Authority:  26 USC 7805; 26 USC 216

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations provide exceptions to the general rule of 
section 216(e) under which no gain or loss is recognized on the 
distribution by a cooperative housing association of a dwelling unit to 
a stockholder in the association such corporation if the exchange 
qualifies for nonrecognition under section 1034(f).

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-047-90.
Drafting attorney: Lisa Shuman (202) 622-3120.
Reviewing attorney: Emil O. Muhs, Jr. (202) 622-3120.

Agency Contact: Lisa Shuman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3120

RIN: 1545-AO91
_______________________________________________________________________

3254. CAPITALIZATION OF INTEREST EXPENSE BY RELATED PARTIES IN THE CASE 
OF THE PRODUCTION OF CERTAIN PROPERTY

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations provide related party rules 
necessary for taxpayers to comply with the requirement to capitalize 
interest with respect to certain property produced by the taxpayer.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/94

Small Entities Affected: Businesses, Governmental Jurisdictions, 
Organizations

Government Levels Affected: None

Additional Information: IA-91-91.
Drafting attorney: Mary Goode (202) 622-4960.
Reviewing attorney: Eric Pleet (202) 622-4970.
Treasury reviewer: John Parcell (202) 622-2578.

Agency Contact: Mary Goode, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-4960

RIN: 1545-AQ85
_______________________________________________________________________

3255. RULES FOR TREATMENT OF FOREIGN CORPORATION WHOSE STOCK IS STAPLED 
TO THE STOCK OF A DOMESTIC CORPORATION

Legal Authority:  26 USC 7805; 26 USC 268B

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide a general rule that where a U.S.-
owned foreign corporation and a U.S.-owned domestic corporation are 
stapled entities, the foreign corporation will be treated as a domestic 
corporation and that the deemed conversion will be treated as a 
reorganization under section 368(a)(1)(F) of the Code. The regulations 
will also provide exceptions to this general rule.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-237-89.
Drafting attorney: Patricia A. Bray (202) 622-3840.
Reviewing attorney: Unassigned.
Treasury attorney: Unassigned.

Agency Contact: Patricia A. Bray, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3840

RIN: 1545-AN20
_______________________________________________________________________

3256. LIMITATION OF DEDUCTIONS ON PASSENGER AUTOMOBILES AND OTHER LISTED 
PROPERTY

Legal Authority:  26 USC 7805; 26 USC 280F

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will clarify the rules limiting the 
Investment Tax Credit (if any) and Cost Recovery deductions allowable 
with respect to passenger automobiles and certain other ``listed 
property.''

Timetable: Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Additional Information: PS-015-89.
Drafting attorney: Bernard P. Harvey (202) 622-3110.
Reviewing attorney: Harold E. Burghart (202) 622-3110.
Treasury attorney: John H. Parcell (202) 622-2578.

Agency Contact: Bernard P. Harvey, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3110

RIN: 1545-AN05
_______________________________________________________________________

3257. THE SUBSTANTIATION OF DEDUCTIONS CLAIMED FOR THE USE OF CELLULAR 
TELEPHONES AND COMPUTERS IN A TAXPAYER'S TRADE OR BUSINESS

Legal Authority:  26 USC 7805; 26 USC 280F; 26 USC 61; 26 USC 132; 26 
USC 274

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide the public with the guidance 
needed to substantiate the use of cellular telephones and computers in 
a trade or business. The regulations proposed for cellular telephones 
and computers follow the safe harbor rules of listed properties such as 
automobiles, and consider the possibility of exceptions when the use of 
a cellular telephone in a trade or business occurs under special 
conditions.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: PS-114-90.
Drafting attorney: Bernard P. Harvey (202) 622-3110.
Reviewing Tax Law Specialist: Harold E. Burghart (202) 622-3110.
Treasury attorney: John H. Parcell (202) 622-2578.

Agency Contact: Bernard P. Harvey, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3110

RIN: 1545-AP46
_______________________________________________________________________

3258. SECTION 304 REGULATIONS

Legal Authority:  26 USC 7805; 26 USC 304

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Amend section 304 regulations to apply section 1059 and make 
proper adjustments to basis and earnings and profits of an affiliated 
group of corporations not filing a consolidated return to prevent 
results similar to mirror subsidiary transactions.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-44-92.
Drafting attorney: Brendan O'Hara (202) 622-7530.
Reviewing attorney: Mark Jennings (202) 622-7530.

Agency Contact: Brendan O'Hara, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-7530

RIN: 1545-AR40
_______________________________________________________________________

3259. TREATMENT OF PREMIUMS ON STOCK CALLABLE AT THE OPTION OF THE ISSUER

Legal Authority:  26 USC 305(c)(1)

CFR Citation:  26 CFR 1.305-5(b)(1); 26 CFR 1.305-5(b)(2)

Legal Deadline: None

Abstract: In section 11322(a) of Pub. L. 101-508, Congress amended 
section 305(c) of the Code to modify the treatment of preferred stock 
issued with a redemption premium. The amendment to section 305(c) 
applies the economic accrual rules that are applicable to debt 
instruments issued with OID to certain preferred stock issued with a 
redemption premium if the stock will be redeemed, or it can reasonably 
be assumed that the stock will be redeemed, on a fixed date. The 
regulations under 305(c) will be amended to provide for the economic 
accrual, rather than the ratable inclusion, of redemption premiums, in 
accordance of OID principles.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/22/94                    59 FR 22160
NPRM Comment Period End         10/24/94                    59 FR 22160

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-008-91.
Drafting attorney: Kirsten L. Simpson (202) 622-7790.
Reviewing attorney: William Alexander (202) 622-7780.

Agency Contact: Kirsten L. Simpson, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-7790

RIN: 1545-AQ42
_______________________________________________________________________

3260. APPLICATION OF GENERAL UTILITIES REPEAL REGULATORY AUTHORITY TO 
RICS AND REITS

Legal Authority:  26 USC 7805; 26 USC 337(d)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulations project is one of several dealing with the 
implementation of the repeal of the General Utilities doctrine by 
section 631 of the Tax Reform Act of 1986. This project deals with the 
regulations necessary to ensure the repeal is implemented with respect 
to regulated investment companies and real estate investment companies.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: CO-15-88.
Drafting attorney: Richard K. Passales (202) 622-7530.
Reviewing attorney: Mark S. Jennings (202) 622-7530.
Treasury attorney: David Weisbach (202) 622-1129.

Agency Contact: Richard K. Passales, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-7530

RIN: 1545-AL65
_______________________________________________________________________

3261. SCOPE OF GENERAL UTILITIES REPEAL

Legal Authority:  26 USC 337(d)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The Tax Reform Act of 1986 (the ``Act'') repealed the last 
vestiges of the General Utilities doctrine (``GU repeal''), and 
corporations must recognize gain in most cases upon the distribution of 
appreciated property to their shareholders. The Act granted the 
Secretary authority to promulgate regulations necessary to carry out 
the purposes of the Act. It has been determined that GU repeal can be 
circumvented by conversion of for-profit corporations to tax-exempt 
entities and other transactions involving tax-exempt entities. This 
project will develop regulations to prevent the circumvention of 
corporate-level gain in such transactions.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: CO-014-89.
Drafting attorney: Stephen R. Cleary (202) 622-7530.
Reviewing attorney: Wayne T. Murray (202) 622-7530.

Agency Contact: Stephen R. Cleary, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-7530

RIN: 1545-AN21
_______________________________________________________________________

3262. SECTION 338(H)(10) AND INSURANCE COMPANIES

Legal Authority:  26 USC 338; 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: If a sale of insurance and annuity contracts is treated as 
occurring by reason of an election under section 338.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-20-94
Drafting attorney: Gary Geisler (202) 622-3970.
Reviewing attorney: Steve Hooe (202) 622-3970.
Treasury attorney: Beth Brooke (202) 622-1332.

Agency Contact: Gary Geisler, Tax Law Specialist, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3970

RIN: 1545-AS56
_______________________________________________________________________

3263. FRINGE BENEFIT SOURCING UNDER SECTION 861

Legal Authority:  26 USC 7805; 26 USC 861

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will address the clarification that an 
allocation of income of an individual for the performance of services 
both within and without the United States is appropriately made only on 
the time basis.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-107-90.
Drafting attorney: Robert W. Lorence (202) 622-3880.
Reviewing attorney: Neal Z. Auerbach (202) 622-3880.
Treasury attorney: Unassigned.

Agency Contact: Robert W. Lorence, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3880

RIN: 1545-AO72
_______________________________________________________________________

3264. SECTION 361 OUTBOUND TRANSFERS OF PROPERTY TO FOREIGN CORPORATIONS

Legal Authority:  26 USC 7805; 26 USC 367

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The income tax regulations under section 367(a) will be 
amended to reflect the changes made to that section by the Technical 
and Miscellaneous Corrections Act of 1988. Section 367(a)(5) now 
provides that a transfer of assets to a foreign corporation in an 
exchange described in section 361 is subject to section 367(a)(1) 
unless certain ownership requirements and other conditions are met. The 
regulations will provide guidance regarding the application of this 
section. The change in the statute was necessitated by the repeal of 
``General Utilities.''

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-089-89.
Drafting attorney: Philip Tretiak (202) 622-3860.
Reviewing attorney: Bernard T. Bress (202) 622-3850.
Treasury attorney: Unassigned.

Agency Contact: Philip Tretiak, Attorney-Adviser, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3860

RIN: 1545-AM97
_______________________________________________________________________

3265. REORGANIZATIONS IN BANKRUPTCY; STOCK-FOR-DEBT EXCHANGES; USE OF 
PARENT CORPORATION STOCK; TRIANGULAR ``G'' REORGANIZATIONS

Legal Authority:  26 USC 108

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide rules for members of an 
affiliated group of corporations filing consolidated returns which are 
reorganized in bankruptcy. The issuance of parent corporation stock in 
cancellation of subsidiary corporation indebtedness will come within 
the common law stock-for-debt exception to cancellation of indebtedness 
income (as limited by section 108(e)(8) and section 108(e)(10) without 
resort to a recapitalization analysis (whether deemed or actual). 
Collateral consolidation return and reorganization issues will be 
considered.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: CO-078-89.
Drafting attorney: Victor Penico (202) 622-7750.
Reviewing attorney: Charles Whedbee (202) 622-7750.

Agency Contact: Victor Penico, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-7750

RIN: 1545-AO30
_______________________________________________________________________

3266. SUSPENSION OF PARTNERSHIP INCOME AND EXPENSES ARISING FROM UNPAID 
GUARANTEED PAYMENTS ACCRUED BY CERTAIN PARTNERS

Legal Authority:  26 USC 7805; 26 USC 382

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations suspend the recognition of income 
and expenses if certain partners, such as loss corporations, accrue 
unpaid guaranteed payments. The partner's income as well as the 
partnership's expense will be recognized in the taxable year in which 
the partnership pays, with an unrestricted transfer of money, the 
accrued guaranteed payment. The proposed regulations prevent loss 
corporations, and other covered taxpayers not subject to U.S. tax, from 
structuring a partnership guaranteed payment that diverts taxable 
income to the loss corporation or other non U.S. taxpayer which is 
greater than the ultimate economic benefit realized from the guaranteed 
payment.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-95-90.
Drafting attorney: David McDonnell (202) 622-3050.
Reviewing attorney: David R. Haglund (202) 622-3050.

Agency Contact: David McDonnell, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3050

RIN: 1545-AP43
_______________________________________________________________________

3267. PERMISSIBILITY OF SECTION 401(H) ACCOUNT IN COMBINATION WITH AN 
ESOP

Legal Authority:  26 USC 401(h); 26 USC 4975; 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will address the permissibility of retiree 
health accounts under section 401(h) in combination with employee stock 
ownership plans.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-52-91.
Drafting attorney: John Ricotta (202) 622-6080.
Reviewing attorney: James Brokaw (202) 622-6000.

Agency Contact: John Ricotta, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-6080

RIN: 1545-AP88
_______________________________________________________________________

3268. CASH OR DEFERRED ARRANGEMENTS

Legal Authority:  26 USC 7805; 26 USC 401(k)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This project will simplify the treatment of section 401(k) 
plans of employees who are members of collective bargaining units and 
addresses certain practical issues raised for plan sponsors by final 
regulations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/04/93                       58 FR 43


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: EE-42-92.
Drafting attorney: Cheryl Press (202) 622-6030.
Reviewing attorney: Richard Lent (202) 622-6030.

Agency Contact: Cheryl Press, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-6030

RIN: 1545-AQ77
_______________________________________________________________________

3269. NONDISCRIMINATION AND OTHER RULES APPLICABLE TO SECTION 403(B) 
ANNUITIES

Legal Authority:  26 USC 403(b)(12); 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide guidance regarding the 
nondiscrimination and other rules applicable to tax-sheltered section 
403(b) annuities.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-163-86.
Drafting attorney: Richard M. Lent (202) 622-6030.
Reviewing attorney: Nancy Marks (202) 622-6000.

Agency Contact: Richard M. Lent, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-6030

RIN: 1545-AI90
_______________________________________________________________________

3270. TREATMENT OF DIVIDENDS DEDUCTIBLE UNDER SECTION 404(K) FOR PURPOSES 
OF CASH OR DEFERRED ARRANGEMENTS DESCRIBED IN SECTION 401(K)

Legal Authority:  26 USC 7805; 26 USC 404(k)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will address the issue of how to treat 
dividends paid under section 404(k) for purposes of section 401(k) & 
(m).

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: EE-74-91.
Drafting attorney: John Ricotta (202) 622-6080.
Reviewing attorney: James Brokaw (202) 622-6080.

Agency Contact: John Ricotta, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-6080

RIN: 1545-AQ96
_______________________________________________________________________

3271. SPECIAL RULES IN MERGER AND ACQUISITION

Legal Authority:  26 USC 7805; 26 USC 410(b); 26 USC 401(a)(4); 26 USC 
401(a)(26)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations are intended to provide special rules for 
employee plans in mergers and acquisitions.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: EE-108-88.
Drafting attorney: Richard M. Lent (202) 622-6030.
Reviewing attorney: Richard Wickersham (202) 622-6030.

Agency Contact: Richard M. Lent, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-6030

RIN: 1545-AM94
_______________________________________________________________________

3272. REVISING THE DRAFTING OF THE FULL FUNDING LIMITATION FOR PURPOSES 
OF THE MINIMUM FUNDING REQUIREMENT FOR PENSION PLANS

Legal Authority:  26 USC 7805; 26 USC 412(c)(7); 26 USC 401(a)(2)

CFR Citation:  26 CFR 1

Legal Deadline:  NPRM, Statutory, August 5, 1988.

Abstract: This project will interpret the new full funding limitation 
on deductible contributions to pension plans.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-62-88.
Drafting attorney: Linda Marshall (202) 622-6030.
Reviewing attorney: A. Thomas Brisendine (202) 622-6030.
Treasury attorney: Harlan Weller (202) 622-1001.

Agency Contact: Linda Marshall, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-6030

RIN: 1545-AL53
_______________________________________________________________________

3273. DISCLOSURE GUIDELINES FOR QJSA WAIVER

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide guidance on information 
required to be disclosed on spousal consent forms waiving rights to a 
QJSA.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-100-91.
Drafting attorney: Terri Harris (202) 622-6070.
Reviewing attorney: Nancy Marks (202) 622-6070.

Agency Contact: Terri Harris, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-6070

RIN: 1545-AQ36
_______________________________________________________________________

3274. TREATMENT OF FUNDED WELFARE BENEFIT PLANS

Legal Authority:  26 USC 419; 26 USC 419A; 26 USC 1239 (d); 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide guidance concerning the 
treatment of contributions made by an employer to a welfare benefit 
plan.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-66-84.
Drafting attorney: Michael J. Roach (202) 622-6060.
Reviewing attorney: Mark Schwimmer (202) 622-6060.

Agency Contact: Michael J. Roach, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-6060

RIN: 1545-AG14
_______________________________________________________________________

3275. INCOME TAX--PART 1--AMENDMENT OF SECTION 1.442-1 TO PROVIDE 
SIMPLIFIED PROCEDURES FOR CHANGES OF ANNUAL ACCOUNTING PERIOD BY CERTAIN 
EXEMPT ORGANIZATIONS

Legal Authority:  26 USC 7805; 26 USC 442

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Revenue Procedure 85-58 provides change of accounting period 
approval procedures for exempt organizations. It substantially 
simplifies the former procedures in Revenue Procedure 76-9. The 
regulations under section l.442-1 will be amended to reflect Revenue 
Procedure 85-58.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-06-86.
Drafting attorney: Linda Conway (202) 622-6080.
Reviewing attorney: Paul G. Accettura (202) 622-6070.

Agency Contact: Linda Conway, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-6080

RIN: 1545-AI68
_______________________________________________________________________

3276. HYBRID INSTRUMENTS

Legal Authority:  26 USC 7805; 26 USC 446

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation provides accounting rules for hybrid financial 
instruments that contain a significant debt component. In addition, the 
regulation provides tax accounting methods for certain instruments 
derived from a bond stripping transaction.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-70-92.
Drafting attorney: Alan Munro (202) 622-3950.
Reviewing attorney: Alice Bennett (202) 622-3950.

Agency Contact: Alan Munro, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3950

RIN: 1545-AR13
_______________________________________________________________________

3277. NOTIONAL PRINCIPAL CONTRACTS

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulation provides rules relating to timing of 
income and deductions with respect to notional principal contracts 
under section 446.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-2-93.
Drafting attorney: Alan Munro (202) 622-3950.
Reviewing attorney: Alice Bennett (202) 622-3950.

Agency Contact: Alan Munro, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3950

RIN: 1545-AR22
_______________________________________________________________________

3278.  ADJUSTMENTS REQUIRED BY CHANGES IN METHODS OF ACCOUNTING

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will clarify that in consenting to a 
taxpayer's change in method of accounting, the Commissioner may 
prescribe the terms, conditions, and adjustments under which the chance 
will be effected, including the taxable years in which the adjustments 
are taken into account.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/20/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-42-93
Drafting attorney: Rosemary DeLeone (202) 622-7014.
Reviewing attorney: Linda Kroening (202) 622-4910.

Agency Contact: Rosemary DeLeone, Attorney-Advisor (Tax), Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-7014

RIN: 1545-AS93
_______________________________________________________________________

3279. NONACCRUAL-EXPERIENCE METHOD OF ACCOUNTING--CLARIFICATION OF 
AMOUNTS DETERMINED TO BE UNCOLLECTIBLE

Legal Authority:  26 USC 7805; 26 USC 448(d)(5)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation project will clarify amounts determined to be 
uncollectible with respect to the nonaccrual-experience method of 
accounting under section 448(d)(5).

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-79-88.
Drafting attorney: Michael Montemurro (202) 622-4910.
Reviewing attorney: Robert Casey (202) 622-4910.

Agency Contact: Mike Montemurro, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-4910

RIN: 1545-AM33
_______________________________________________________________________

3280. CHANGES TO METHOD OF ACCOUNTING FOR CERTAIN TAXPAYERS USING ACCRUAL 
METHOD OF ACCOUNTING FOR REDEMPTION OF TRADING STAMPS AND COUPONS 
PURSUANT TO SECTION 461(H) OF THE CODE

Legal Authority:  26 USC 451; 26 USC 461

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The current regulations allow reserves for future estimated 
redemption expenses for trading stamp companies. This is contrary to 
rules set forth in section 461 of the Internal Revenue Code. The 
current section should either be removed or amended.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/01/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-075-90.
Drafting attorney: Rochelle Hodes (202) 622-4910.
Reviewing attorney: Linda Kroening (202) 622-4910.

Agency Contact: Rochelle Hodes, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-4910

RIN: 1545-AP04
_______________________________________________________________________

3281. INCOME TAX--DEFERRED COMPENSATION PLANS OF STATE AND LOCAL 
GOVERNMENTS AND TAX-EXEMPT ORGANIZATIONS

Legal Authority:  26 USC 7805; 26 USC 457

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Internal Revenue Code section 457 provides an exclusion from 
gross income, in the case of a participant in an eligible deferred 
compensation plan, for any amounts deferred under the plan and any 
income attributable to the amounts so deferred.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-166-86.
Drafting attorney: Cheryl Press (202) 622-6030.
Reviewing attorney: A. Thomas Brisendine (202) 622-6030.

Agency Contact: Cheryl Press, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-6030

RIN: 1545-AI89
_______________________________________________________________________

3282. DEFINITION OF A LONG-TERM CONTRACT

Legal Authority:  26 USC 7805; 26 USC 460(h)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will address the definition of a ``long-term 
contract'' for purposes of IRC section 460. This definition is 
necessary for taxpayers to determine whether their activities must be 
accounted for under IRC section 460 in determining their taxable 
income.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-58-91.
Drafting attorney: Leo F. Nolan II (202) 622-4970.
Reviewing attorney: Eric Pleet (202) 622-4970.

Agency Contact: Leo F. Nolan II, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-4970

RIN: 1545-AQ30
_______________________________________________________________________

3283. SUBCONTRACTS BETWEEN RELATED PARTIES THAT BENEFIT A LONG-TERM 
CONTRACT

Legal Authority:  26 USC 7805; 26 USC 460(b)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations are intended to coordinate accounting rules 
for members of a consolidated return group of corporations with 
regulations being developed by CC:Corporate in the consolidated return 
area (CO-11-90).

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-57-91.
Drafting attorney: Leo F. Nolan II (202) 622-4970.
Reviewing attorney: Eric Pleet (202) 622-4970.

Agency Contact: Leo F. Nolan II, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-4970

RIN: 1545-AQ31
_______________________________________________________________________

3284. AGGREGATION OF CERTAIN ACTIVITIES FOR PURPOSES OF THE AT-RISK RULES

Legal Authority:  26 USC 7805; 26 USC 465

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide rules for aggregating certain 
activities for purposes of applying the at-risk rules under section 
465. In general, the at-risk rules limit the amount of loss deductible 
in a taxable year with respect to an activity to the amount the 
taxpayer is at risk in the activity.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-108-85.
Drafting attorney: Donna Welch (202) 622-3080.
Reviewing attorney: Frances D. Schafer (202) 622-3070.
Treasury attorney: John H. Parcell (202) 622-2578.

Agency Contact: Donna Welch, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3080

RIN: 1545-AI02
_______________________________________________________________________

3285. APPLICATION OF AT-RISK LIMITATIONS TO THE HOLDING OF REAL PROPERTY

Legal Authority:  26 USC 7805; 26 USC 465; 26 USC 752; 26 USC 46

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will explain the application of the at risk 
limitations to the activity of holding real property and the exception 
for qualified nonrecourse financing.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-124-86.
Drafting attorney: Donna Welch (202) 622-3080.
Reviewing attorney: Frances D. Schafer (202) 622-3070.
Treasury attorney: John H. Parcell (202) 622-2578.

Agency Contact: Donna Welch, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3080

RIN: 1545-AK08
_______________________________________________________________________

3286. GUIDANCE ON WHAT CONSTITUTES AN INTEREST OTHER THAN THAT OF A 
CREDITOR

Legal Authority:  26 USC 7805; 26 USC 465

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance on what constitutes an 
interest other than that of a creditor.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-063-89.
Drafting attorney: Donna Welch (202) 622-3080.
Reviewing attorney: Donna Young (202) 622-3070.
Treasury attorney: Mike Thomson (202) 622-1334.

Agency Contact: Donna Welch, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue, N.W, Washington, DC 
20224, 202 622-3080

RIN: 1545-AO32
_______________________________________________________________________

3287. TEMPORARY INCOME TAX REGULATIONS--DEFERRED PAYMENTS FOR USE OF 
PROPERTY OR SERVICES

Legal Authority:  26 USC 7805; 26 USC 467

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide rules to the accrual of rents 
for the use of tangible property (and interest on rent that accrues but 
is not paid) under a section 467 rental agreement. A section 467 rental 
agreement will be defined. Certain tax avoidance transactions will be 
defined. Rules will be provided for the recapture of prior understated 
inclusions. Comparable rules for services will be provided.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-292-84.
Drafting attorney: Sharon L. Hall (202) 622-4930
Treasury attorney: John Parcell (202) 622-2578.

Agency Contact: Sharon L. Hall, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-4930

RIN: 1545-AG81
_______________________________________________________________________

3288. APPLICATION OF PASSIVE ACTIVITY LOSS AND CREDIT LIMITATIONS TO 
TRUSTS, ESTATES, AND THEIR BENEFICIARIES

Legal Authority:  26 USC 7805; 26 USC 0469(a)(2)(A)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will describe how the passive loss 
limitations affect trusts and estates.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/94

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: PS-036-89.
Drafting attorney: Donna Welch (202) 622-3080.
Reviewing attorney: Frances D. Schafer (202) 622-3070.

Agency Contact: Donna Welch, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3080

RIN: 1545-AN62
_______________________________________________________________________

3289. ALLOCATION OF INTEREST EXPENSE AMONG EXPENDITURES

Legal Authority:  26 USC 7805; 26 USC 469(l)(4)

CFR Citation:  26 CFR 1.163-8

Legal Deadline: None

Abstract: The regulations will set forth rules pursuant to which 
interest expense will be allocated among (1) trade or business interest 
(which is deductible), (2) investment interest (which is deductible 
subject to the limitations of section 163(d), (3) passive activity 
interest (which is deductible subject to the limitations of section 
469), and (4) personal interest (which, pursuant to section 103(h), is 
not deductible). Finalizing temporary regulations used in T.D. 8145 (7/
1/87).

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/31/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-043-90.
Drafting attorney: George F. Wright (202) 622-4950.
Reviewing attorney: John Fischer (202) 622-4950.

Agency Contact: George F. Wright, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-4950

RIN: 1545-AO93
_______________________________________________________________________

3290. SPECIAL PAL RULES 469

Legal Authority:  26 USC 7805; 26 USC 469

CFR Citation:  26 CFR 469

Legal Deadline: None

Abstract: Proposed regulations will provide guidance for new section 
469(c)(7) concerning special rules for taxpayers in real property 
business. Section 469(c)(7) was enacted by OBRA 93.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-80-93
Drafting attorney: William M. Kostak (202) 622-3080.
Reviewing attorney: Donna M. Young (202) 622-3070.

Agency Contact: William M. Kostak, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3080

RIN: 1545-AS38
_______________________________________________________________________

3291. SPECIAL RULES FOR ALLOCATION OF INTEREST EXPENSE AMONG EXPENDITURES 
IN THE CASE OF PASSTHROUGH ENTITIES

Legal Authority:  26 USC 469(l); 26 USC 7805

CFR Citation:  26 CFR 1.163-8T

Legal Deadline: None

Abstract: The regulation will address the treatment of interest expense 
on (1) debt allocated to distributions by passthrough entities; (2) 
repayment of passthrough entity debt; (3) debt allocated to 
expenditures for interests in passthrough entities; and (4) allocation 
of debt to loans between passthrough entities and interest holders.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-109-87.
Drafting attorney: William Kostak (202) 622-3080.
Reviewing attorney: William P. O'Shea (202) 622-3070.
Treasury attorney: John H. Parcell (202) 622-2578.

Agency Contact: William Kostak, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3080

RIN: 1545-AM79
_______________________________________________________________________

3292. SIMPLIFIED DOLLAR-VALUE LIFO METHOD FOR CERTAIN SMALL BUSINESSES

Legal Authority:  26 USC 7805; 26 USC 474

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations would provide guidance to certain small 
businesses that are eligible to elect a simplified dollar-value LIFO 
method of inventory valuation. This method requires the use of 
published government indexes.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-31-87.
Drafting attorney: Harry-Todd Astrov (202) 622-4970.
Reviewing attorney: Eric Pleet (202) 622-4970.

Agency Contact: Harry-Todd Astrov, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-4970

RIN: 1545-AK64
_______________________________________________________________________

3293. SIMPLIFIED DOLLAR VALUE LIFO METHOD FOR CERTAIN SMALL BUSINESSES

Legal Authority:  26 USC 7805; 26 USC 474

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The temporary regulations would provide guidance to certain 
small businesses that are eligible to elect a simplified dollar-value 
LIFO method of inventory valuation. This method requires the use of 
published government indexes.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            12/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-30-87.
Drafting attorney: Harry-Todd Astrov (202) 622-4970.
Reviewing attorney: Eric Pleet (202) 622-4970.

Agency Contact: Harry-Todd Astrov, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-4970

RIN: 1545-AN09
_______________________________________________________________________

3294.  MARK-TO-MARKET UPON DISPOSITION

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Regulation to provide that securities are to be marked to 
market upon disposition by dealers in securities.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: FI-42-94
Drafting attorney: Robert Williams (202) 622-3950.
Reviewing attorney: Michael Novey (202) 622-3950.
Treasury attorney: Macy Heath (202) 622-0868.

Agency Contact: Robert Williams, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3960

RIN: 1545-AS85
_______________________________________________________________________

3295.  MARK-TO-MARKET UPON DISPOSITION

Legal Authority:  26 USC 7805; 26 USC 0485(a); 26 USC 0475(e)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Regulation to provide that securities are to be marked to 
market upon disposition by dealers in securities.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            10/00/94

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: FI-42-94
Drafting attorney: Robert Williams (202) 622-3960.
Reviewing attorney: Michael Novey (202) 622-3950.
Treasury attorney: Mary Heath (202) 622-0868.

Agency Contact: Robert Williams, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3960

RIN: 1545-AS86
_______________________________________________________________________

3296. INTERCOMPANY TRANSFER PRICING FOR SERVICES

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will address the transfer pricing of services 
between related parties.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-051-92.
Drafting attorney: Sim S. Seo (202) 622-3840.
Reviewing attorney: Kenneth Wood (202) 874-1490.
Treasury attorney: Warren Crowdus (202) 622-1779.

Agency Contact: Sim S. Seo, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3840

RIN: 1545-AR32
_______________________________________________________________________

3297. MERGER OR DIVISION OF COMMON TRUST FUNDS--SECTION 584

Legal Authority:  26 USC 7805; 26 USC 584

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Amendment of section 1.584-4 of the regulations relating to 
the diversification requirement for mergers or divisions of common 
trust funds.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-29-92.
Drafting attorney: H. Grace Kim (202) 622-3060.
Reviewing attorney: Arthur H. Ernst (202) 622-3060.
Treasury attorney: David Weisbach (202) 622-1129.

Agency Contact: H. Grace Kim, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 202 622-3060

RIN: 1545-AQ64
_______________________________________________________________________

3298.  TREATMENT OF INCOME AND EXPENSES WITH RESPECT TO 
FORECLOSED PROPERTY BY CERTAIN MUTUAL SAVINGS INSTITUTIONS

Legal Authority:  26 USC 7805; 26 USC 595(d)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This project proposes to amend section 1.595-1(e) of the 
regulations to clarify the treatment of income and expenses with 
respect to foreclosed property following First Federal Savings and Loan 
Association of Bristol vs. United States, 660 F 2d 767 (ct. cl. 1981), 
which held the current regulations invalid. This project also seeks to 
clarify the treatment of disposition expenses with respect to 
foreclosed property and the treatment of unpaid interest accrued by a 
taxpayer using the cash receipts and disbursements method of 
accounting.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: FI-83-82
Drafting attorney: Arnold Golub (202) 622-3950.
Reviewing attorney: William Blanchard (202) 622-3950.
Treasury attorney: Eve Elgin (202) 622-1338.

Agency Contact: Arnold Golub, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3950

RIN: 1545-AS78
_______________________________________________________________________

3299. PROPERTY DISTRIBUTED IN KIND AND TREATMENT OF MULTIPLE TRUSTS 
(SECS. 81 AND 82 OF THE TAX REFORM ACT OF 1984)

Legal Authority:  26 USC 7805; 26 USC 643

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide rules relating to the tax 
consequences when property is distributed in kind from a trust or 
estate, including rules specifying what gain is recognized upon 
distribution, who recognizes such gain, and what the basis of the 
distributed property is in the hands of the distributee. The 
regulations also explain election rules available to the distributing 
trust or estate explain and the rules under which certain multiple 
trusts will be treated as a single trust.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-34-85.
Drafting attorney: Robert Rio (202) 622-3060.
Reviewing attorney: Thomas J. Hines (202) 622-3060.

Agency Contact: Robert Rio, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3060

RIN: 1545-AI06
_______________________________________________________________________

3300. CLARIFICATION OF SECTION 1.643(A)(3) RELATING TO THE INCLUSION OF 
CAPITAL GAIN IN DISTRIBUTABLE NET INCOME

Legal Authority:  26 USC 7805; 26 USC 643(a)(3)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulation will revise the rules specifying when 
capital gains will be included in distributable net income.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-148-85.
Drafting attorney: Robert Rio (202) 622-3060.
Reviewing attorney: Thomas J. Hines (202) 622-3060.

Agency Contact: Robert Rio, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3060

RIN: 1545-AI31
_______________________________________________________________________

3301. INCOME TAXATION OF TRUSTS AND ESTATES

Legal Authority:  26 USC 672; 26 USC 673

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide rules regarding taxation of 
certain grantor trusts.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-108-86.
Drafting attorney: James Quinn (202) 622-3060.
Reviewing attorney: J. Thomas Hines (202) 622-3060.

Agency Contact: James Quinn, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3060

RIN: 1545-AJ20
_______________________________________________________________________

3302. FOREIGN GRANTOR TRUSTS

Legal Authority:  26 USC 7805; 26 USC 679

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance to taxpayers concerning 
the income tax treatment of transfers by U.S. persons to foreign trusts 
having U.S. beneficiaries. The amendments will conform to changes made 
by section 1013 of the Tax Reform Act of 1976.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-243-89.
Drafting attorney: Jeffrey L. Vinnik (202) 622-3840.
Reviewing attorney: Elizabeth Karzon (202) 622-3860.
Treasury attorney: Unassigned.

Agency Contact: Jeffrey L. Vinnik, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washignton, DC 20224, 202 622-3840

RIN: 1545-AO75
_______________________________________________________________________

3303. RECOGNITION OF PRE-CONTRIBUTION GAIN OR LOSS

Legal Authority:  26 USC 7805; 26 USC 704(c)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations will address the determination of 
pre-contribution gain or loss under section 704(c)(1)(B) of the 
Internal Revenue Code.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-51-93
Drafting attorney: Stephen Coleman (202) 622-3060.
Reviewing attorney: Thomas J. Hines (202) 622-3060.

Agency Contact: Stephen Coleman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3060

RIN: 1545-AR93
_______________________________________________________________________

3304. INCOME TAX--ITEMS ALLOCATED TO PORTION OF YEAR PARTNER HELD 
INTEREST

Legal Authority:  26 USC 7805; 26 USC 706 (d); 26 USC 704

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide the methods to be used for 
allocating partnership items to partners whenever a partner's interest 
varies during the partnership taxable year.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-265-76.
Drafting attorney: Ann Veninga (202) 622-3080.
Reviewing attorney: William P. O'Shea (202) 622-3070.

Agency Contact: Ann Veninga, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3080

RIN: 1545-AB81
_______________________________________________________________________

3305. INCOME TAX--TREATMENT OF PAYMENTS TO PARTNERS NOT ACTING IN THEIR 
CAPACITY AS PARTNERS

Legal Authority:  26 USC 7805; 26 USC 707

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide guidance to taxpayers relating 
to the treatment of certain allocations and distributions to partners 
for services and transfers of property where the partner is not acting 
in his capacity as a partner.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-234-84.
Drafting attorney: Brad Saunders (202) 622-3050.
Reviewing attorney: David R. Haglund (202) 622-3050.

Agency Contact: Brad Saunders, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3050

RIN: 1545-AG83
_______________________________________________________________________

3306. SECTION 737 DISTRIBUTIONS

Legal Authority:  26 USC 7805; 26 USC 737

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations under section 737 relating to the 
regulation of precontribution gain in the case of certain distributions 
to the contributing partner.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-76-92.
Drafting attorney: Stephen Coleman (202) 622-3060.
Reviewing attorney: Thomas J. Hines (202) 622-3060.
Treasury attorney: David Weisbach (202) 622-1129.

Agency Contact: Stephen Coleman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3060

RIN: 1545-AR48
_______________________________________________________________________

3307. ADJUSTMENTS FOLLOWING SALES OF PARTNERSHIP INTERESTS

Legal Authority:  26 USC 7805; 26 USC 743; 26 USC 751; 26 USC 755

CFR Citation:  26 CFR 743; 26 CFR 751; 26 CFR 755

Legal Deadline: None

Abstract: The regulations provide guidance with respect to adjustments 
relating to book/tax disparities when partnership interests are sold.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/00/95

Small Entities Affected: Undetermined

Government Levels Affected: Federal

Additional Information: PS-002-94
Drafting attorney: Brad Saunders (202) 622-3050.
Reviewing attorney: Claire Toth (202) 622-3050.
Treasury attorney: Monte Jackal (202) 622-0865.

Agency Contact: Brad Saunders, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3050

RIN: 1545-AS39
_______________________________________________________________________

3308. PARTNERSHIP LIABILITIES

Legal Authority:  26 USC 752

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations define a liability for purposes of 
section 752 of the Code.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-36-93
Drafting attorney: Mary A. Berman (202) 622-3050.
Reviewing attorney: David R. Haglund (202) 622-3050.
Treasury attorney: Michael Thomson (202) 622-1334.

Agency Contact: Mary A. Berman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3050

RIN: 1545-AR62
_______________________________________________________________________

3309. TAXATION OF FOREIGN INSURANCE COMPANIES DOING BUSINESS IN THE 
UNITED STATES, INCLUDING THE EXPLICATION OF THE MINIMUM NET INVESTMENT 
INCOME CALCULATION

Legal Authority:  26 USC 7805; 26 USC 842

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will describe the proper rules applicable to 
the taxation of foreign insurance companies doing business in the 
United States. In particular, the regulation will address the 
computation of an insurance company's minimum effectively connected net 
investment income. Also the procedures by which an insurance company 
may elect to use its worldwide current investment yields will be 
addressed.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-020-89.
Drafting attorney: Laurie D. Lewis (202) 622-3970.
Reviewing attorney: Steve Hooe (202) 622-3970.
Treasury attorney: Carol Dunahoo (202) 622-0726.

Agency Contact: Laurie D. Lewis, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3970

RIN: 1545-AN31
_______________________________________________________________________

3310. FOREIGN INSURANCE COMPANIES

Legal Authority:  26 USC 7805; 26 USC 842; 26 USC 864(c)(4)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Regulation will prescribe rules for determining investment 
income effectively connected with the conduct of an insurance business 
in the United States by a foreign company.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: INTL-024-88.
Drafting attorney: Ramon Camacho (202) 622-3870.
Reviewing attorney: Jacob Feldman (202) 622-3870.
Treasury attorney: Carol Dunahoo (202) 622-0726.

Agency Contact: Ramon Camacho, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3870

RIN: 1545-AL82
_______________________________________________________________________

3311. SHORT/FISCAL YEAR DISCOUNT FACTORS

Legal Authority:  26 USC 846; 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations provide guidance to insurance 
companies concerning the computation of discounted unpaid losses for 
taxable years other than a calendar year.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-37-93
Drafting attorney: Barry S. Landau (202) 622-3112.
Reviewing attorney: Stephen D. Hooe (202) 622-3970.
Treasury attorney: Beth Brooke (202) 622-1332.

Agency Contact: Barry S. Landau, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3112

RIN: 1545-AR58
_______________________________________________________________________

3312. SPECIAL ESTIMATED TAX PAYMENTS

Legal Authority:  26 USC 7805; 26 USC 847

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The project will provide rules for payment of special 
estimated taxes in an amount equal to the tax benefit of the special 
deduction allowed by section 847.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-022-89.
Drafting attorney: Barry S. Landau (202) 622-3112.
Reviewing attorney: Donald J. Drees, Jr. (202) 622-3970.
Treasury attorney: Beth Brooke (202) 622-1332.

Agency Contact: Barry S. Landau, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3112

RIN: 1545-AN33
_______________________________________________________________________

3313. RECOMPUTATION OF ALLOCATION AND APPORTIONMENT OF DEDUCTION FOR 
STATE INCOME TAXES

Legal Authority:  26 USC 7805; 26 USC 861; 26 USC 862; 26 USC 863

CFR Citation:  26 CFR 1.861-8

Legal Deadline: None

Abstract: These regulations will address acceptable methods of 
recomputing allocation and apportionment of deduction for state income 
taxes after recomputation of state tax liability.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-009-91.
Drafting attorney: David F. Chan (202) 622-3810.
Reviewing attorney: Unassigned.
Treasury attorney: Carol Doran-Klein (202) 622-7262.

Agency Contact: David F. Chan, Legislative Assistant, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3810

RIN: 1545-AP86
_______________________________________________________________________

3314. TRANSPORTATION INCOME SOURCE RULES

Legal Authority:  26 USC 7805; 26 USC 863

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide rules relating to the source 
of income attributable to transportation which begins or ends in the 
United States.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-947-86.
Drafting attorney: Patricia A. Bray (202) 622-3840.
Reviewing attorney: Phyllis E. Marcus (202) 622-3840.
Treasury attorney: Norm Richter (202) 622-1950.

Agency Contact: Patricia A. Bray, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3840

RIN: 1545-AJ68
_______________________________________________________________________

3315. SOURCING RULE APPLICABLE TO CERTAIN INSURANCE INCOME

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will source insurance product income 
comprising amounts paid or credited to foreign policy holders of 
qualified and failed insurance annuity contracts sold by US insurance 
companies through foreign branches.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-0093-91.
Drafting attorney: Ramon Camacho (202) 622-3870.
Reviewing attorney: Barbara A. Felker (202) 622-3850.
Treasury attorney: Carol Dunahoo (202) 622-0726.

Agency Contact: Ramon Camacho, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3870

RIN: 1545-AQ37
_______________________________________________________________________

3316. TIERED PARTNERSHIP RULES

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will address whether a foreign partner in a 
tiered partnership arrangement is engaged in a trade or business in the 
United States by virtue of membership in that tiered partnership where 
the second tier partnership meets the requirements of being in U.S. 
trade or business. The alternatives are 1) to conclude the foreign 
partner is engaged in U.S. trade or business because any member of the 
tiered partnership arrangements is; and 2) to conclude the foreign 
partner is not engaged in a U.S. trade of business where the first tier 
partnership is not so engaged. Other considerations include the meaning 
of ``principal place of business'' and whether an entity may have more 
than one, and attribution rules applicable to the entities. A problem 
with the second alternative is that it arguably gives priority to form 
over substance, however, there are several methods by which the first 
alternative could be avoided and their appears to be no policy reason 
to prefer one form of doing business over another. Furthermore, no 
additional tax would be collected by following alternative 1.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-063-90.
Drafting attorney: Ramon Camacho (202) 622-3870.
Reviewing attorney: Jeffrey L. Dorfman (202) 622-3870.
Treasury attorney: Unassigned.

Agency Contact: Ramon Camacho, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3870

RIN: 1545-AO26
_______________________________________________________________________

3317. INTEGRATED FINANCIAL TRANSACTION

Legal Authority:  26 USC 7805; 26 USC 864(e)

CFR Citation:  26 CFR 1.861-10(c)

Legal Deadline: None

Abstract: The regulation addresses whether matched book sale and 
repurchase transactions conducted by securities dealers qualify as 
integrated financial transactions under section 1.861-10(c).

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-001-93.
Drafting attorney: Karl T. Walli (202) 622-3870.
Reviewing attorney: Jeffrey L. Dorfman (202) 622-3870.
Treasury attorney: Peter Marrs (202) 622-0724.

Agency Contact: Karl T. Walli, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3870

RIN: 1545-AR20
_______________________________________________________________________

3318. TREATMENT OF DEFERRED PAYMENTS AND APPRECIATION ARISING OUT OF 
BUSINESS CONDUCTED WITHIN THE UNITED STATES

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide guidance on the treatment of 
certain deferred payments and property transactions in sourcing 
effectively connected income.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: INTL-662-88.
Drafting attorney: Kristine K. Schlaman (202) 622-3850.
Reviewing attorney: Charles C. Saverude (202) 622-3800.
Treasury attorney: Unassigned.

Agency Contact: Kristine K. Schlaman, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3850

RIN: 1545-AM53
_______________________________________________________________________

3319. SOURCE RULES FOR PERSONAL PROPERTY SALES

Legal Authority:  26 USC 7805; 26 USC 865

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide rules for determining the source 
of income from sales of personal property. The regulation will set 
forth rules for sales by U.S. residents and non-residents and specify 
special rules for depreciable personal property, intangibles, sales 
connected with an office or other fixed place of business, and sales of 
a foreign affiliate by a U.S. corporation.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-946-86.
Drafting attorney: Carol P. Tello (202) 622-3880.
Reviewing attorney: Neil Auerbach (202) 622-3880.
Treasury attorney: Unassigned.

Agency Contact: Carol P. Tello, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3880

RIN: 1545-AJ83
_______________________________________________________________________

3320. INCOME TAX--RECIPROCAL EXEMPTIONS FOR CERTAIN TRANSPORTATION INCOME

Legal Authority:  26 USC 7805; 26 USC 883; 26 USC 872

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation would provide rules with respect to whether a 
foreign country will be considered to grant a reciprocal Aircraft/
Shipping exemption to U.S. corporations for purposes of section 883 of 
the Code, or to U.S. citizens for purposes of section 872 of the Code.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-948-86.
Drafting attorney: Patricia A. Bray (202) 622-3840.
Reviewing attorney: Phyllis E. Marcus (202) 622-3840.
Treasury attorney: Norm Richter (202) 622-1950.

Agency Contact: Patricia A. Bray, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3840

RIN: 1545-AJ57
_______________________________________________________________________

3321. BANK EXCLUSION FROM PORTFOLIO INTEREST

Legal Authority:  26 USC 7805; 26 USC 881

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Exception to 30 percent withholding on portfolio interest 
does not apply to banks. This regulation will address what a bank is 
for purposes of section 881(c)(3)(A).

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-080-91.
Drafting attorney: Leslie B. Van Der Wal (202) 622-3850.
Reviewing attorney: Charles Saverude (202) 622-3800.
Treasury attorney: Unassigned.

Agency Contact: Leslie B. Van Der Wal, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3850

RIN: 1545-AQ39
_______________________________________________________________________

3322. TEFRA PORTFOLIO INTEREST REGULATION

Legal Authority:  26 USC 7805; 26 USC 0881

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will amend TEFRA and portfolio interest 
regulations.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-032-93
Drafting attorney: Leslie B. van der Wal (202) 622-3850.
Reviewing attorney: Michael Pfeifer (202) 622-3800.
Treasury attorney: P. Ann Fisher (202) 622-1755.

Agency Contact: Leslie B. van der Wal, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3850

RIN: 1545-AR90
_______________________________________________________________________

3323. CLARIFICATION OF SECTION 883(C) PUBLICLY TRADED EXCEPTION

Legal Authority:  26 USC 7805; 26 USC 883

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation would clarify the rules regarding the 
publicly traded exception to section 883(c)(1) of the code.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-0048-93
Drafting attorney: Patricia A. Bray (202) 622-3840.
Reviewing attorney: Phyllis E. Marcus (202) 622-3840.
Treasury attorney: Norm Richter (202) 622-1950.

Agency Contact: Patricia A. Bray, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3840

RIN: 1545-AR77
_______________________________________________________________________

3324. PROPOSED REGULATIONS UNDER SECTION 1.884-3

Legal Authority:  26 USC 7805; 26 USC 884

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance on the coordination of 
the branch profits with second-tier withholding tax on dividends.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-028-92.
Drafting attorney: Kathryn Horton O'Brien (202) 622-3860.
Reviewing attorney: Elizabeth U. Karzon (202) 622-3860.
Treasury attorney: P. Ann Fisher (202) 622-1755.

Agency Contact: Kathryn Horton O'Brien, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC, 202 622-3860

RIN: 1545-AQ72
_______________________________________________________________________

3325. DIVIDEND WITHHOLDING--LUXEMBOURG CORPORATIONS

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Regulation is intended to ensure compliance by Luxembourg 
Corporations with U.S. - Luxembourg income tax treaty.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-017-92.
Drafting attorney: Joseph S. Henderson (202) 622-3850.
Reviewing attorney: Unassigned.
Treasury attorney: Unassigned.

Agency Contact: Joseph S. Henderson, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3850

RIN: 1545-AQ54
_______________________________________________________________________

3326. INCOME TAX--PARTNERSHIP RULES REGARDING TAXATION OF FOREIGN 
INVESTMENT IN UNITED STATES REAL PROPERTY INTERESTS

Legal Authority:  26 USC 7805; 26 USC 897(g); 26 USC 897(e)(2); 26 USC 
1445(e)(5)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: To provide rules for foreign partners disposing of an 
interest in a partnership holding United States real property 
interests, to determine the amount of gain or loss from such 
disposition for purposes of section 897(a).

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-384-88.
Drafting attorney: Robert Lorence (202) 622-3880.
Reviewing attorney: Charles Besecky (202) 622-3860.
Treasury attorney: Unassigned.

Agency Contact: Robert Lorence, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3880

RIN: 1545-AL77
_______________________________________________________________________

3327. DEEMED PAID CREDIT UNDER SECTION 902 DETERMINED ON ACCUMULATED 
BASIS

Legal Authority:  26 USC 7805; 26 USC 902(c)(7)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will modify the existing regulations to 
reflect changes in the computation of the indirect credit under the 
1986 Act. The regulations will incorporate a pooling mechanism (rather 
than year-by-year) and will also reflect the separate basket 
computations under section 904(d).

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: INTL-933-86.
Drafting attorney: Caren S. Shein (202) 622-3850.
Reviewing attorney: Barbara Felker (202) 622-3850.
Treasury attorney: Joni Walser (202) 622-1752.

Agency Contact: Caren S. Shein, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3850

RIN: 1545-AL98
_______________________________________________________________________

3328. SECTION 905(B) REGULATIONS

Legal Authority:  26 USC 7805; 26 USC 905

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will address the substantiation of foreign 
tax credits.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-087-90.
Drafting attorney: Carl M. Cooper (202) 622-3840.
Reviewing attorney: Phyllis E. Marcus (202) 622-3840.
Treasury attorney: Unassigned.

Agency Contact: Carl M. Cooper, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3840

RIN: 1545-AP36
_______________________________________________________________________

3329. EXCLUSION OF POSSESSION SOURCE INCOME FROM GROSS INCOME OF CERTAIN 
INDIVIDUALS

Legal Authority:  26 USC 7805; 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This document contains temporary Income Tax Regulations 
relating to the determination of bona fide residency of individuals of 
the U.S. Virgin Islands.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-069-93
Drafting attorney: Lilo A. Hester (202) 874-1490.
Reviewing attorney: George Sellinger (202) 874-1490.
Treasury attorney: Unassigned.

Agency Contact: Lilo A. Hester, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 950 L'Enfant Plaza South SW., Suite 
3319, Washington, DC 20024, 202 874-1490

RIN: 1545-AS42
_______________________________________________________________________

3330. COORDINATION OF U.S. AND VIRGIN ISLANDS INCOME TAXES

Legal Authority:  26 USC 7805; 26 USC 932; 26 USC 931

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This document contains temporary Income Tax Regulations 
relating to the determination of bona fide residency of individuals of 
American Samoa, the Northern Mariana Islands, Guam and the Virgin 
Islands. This action is necessary because changes to the applicable tax 
law were made by the Tax Reform Act of 1986.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-070-93
Drafting attorney: Lilo A. Hester (202) 874-1490.
Reviewing attorney: George M. Sellinger (202) 874-1490
Treasury attorney: Unassigned.

Agency Contact: Lilo A. Hester, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 950 L'Enfant Plaza South SW., Suite 
3319, Washington, DC 20024, 202 874-1490

RIN: 1545-AS41
_______________________________________________________________________

3331. FOREIGN INSURANCE COMPANY--DOMESTIC ELECTION

Legal Authority:  26 USC 7805; 26 USC 953(d)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide substantive and procedural rules 
regarding the election under section 953(d) to treat certain controlled 
foreign corporations engaged in the insurance business as domestic 
corporations.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-765-89.
Drafting attorney: Valerie A. Mark (202) 622-3840.
Reviewing attorney: Phyllis E. Marcus (202) 622-3840.
Treasury attorney: Carol Dunahoo (202) 622-0726.

Agency Contact: Valerie A. Mark, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3840

RIN: 1545-AO25
_______________________________________________________________________

3332. AMENDMENT TO SUBPART F DEFINITIONS

Legal Authority:  26 USC 7805; 26 USC 954

CFR Citation:  26 CFR 1.954-2(b); 26 CFR 1.954-2(g); 26 CFR 1.954-2(h)

Legal Deadline: None

Abstract: These proposed regulations contain provisions governing the 
definitions of foreign base company income and foreign personal holding 
company income of a CFC. The regulations are necessary because of 
changes to the prior law by the Tax Reform Act of 1986, the Technical 
and Miscellaneous Revenue Act of 1988, and the Revenue Reconciliation 
Act of 1989.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: Undetermined

Additional Information: INTL-75-92.
Drafting attorney: Valerie A. Mark (202) 622-3840.
Reviewing attorney: Phyllis E. Marcus (202) 622-3840.
Treasury attorney: Joni Walser (202) 622-1781.

Agency Contact: Valerie A. Mark, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3840

RIN: 1545-AR31
_______________________________________________________________________

3333. SUBPART F SHIPPING AMENDMENTS

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will address statutory changes under the Tax 
Reform Act of 1986, with respect to foreign base company shipping 
income and amounts invested in and withdrawn from foreign base company 
shipping operations.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-654-88.
Drafting attorney: Valerie A. Mark (202) 622-3840.
Reviewing attorney: Jack Feldman (202) 622-3870.
Treasury attorney: Unassigned.

Agency Contact: Valerie A. Mark, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3840

RIN: 1545-AM46
_______________________________________________________________________

3334. DEEMED-PAID CREDIT UNDER SECTION 960, DETERMINED ON ACCUMULATED 
BASIS

Legal Authority:  26 USC 7805; 26 USC 902(c)(7)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will modify the existing regulations to 
reflect changes in the computation of the indirect credit under the 
1986 Act. The regulations will incorporate a pooling mechanism (rather 
than year-by-year) and will also reflect the separate basket 
computations under section 904(d).

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: INTL-0084-91.
Drafting attorney: Caren S. Shein (202) 622-3850.
Reviewing attorney: Barbara A. Felker (202) 622-3850.
Treasury attorney: Joni Walser (202) 622-1752.

Agency Contact: Caren S. Shein, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3850

RIN: 1545-AQ34
_______________________________________________________________________

3335. EFFECT OF ACQUISITIVE REORGANIZATIONS ON EARNINGS AND PROFITS POOLS

Legal Authority:  26 USC 7805; 26 USC 964

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposal would address the effect of acquisitive 
reorganizations on earnings and profits pools as required by the Tax 
Reform Act of 1986.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Federal

Additional Information: INTL-105-90.
Drafting attorney: Caren S. Shein (202) 622-3850.
Reviewing attorney: Barbara A. Felker (202) 622-3850.
Treasury attorney: Unassigned.

Agency Contact: Caren S. Shein, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3850

RIN: 1545-AO71
_______________________________________________________________________

3336.  CHANGE FROM THE DOLLAR APPROXIMATE SEPARATE TRANSACTIONS 
METHOD (DASTM) TO THE PROFIT-AND-LOSS METHOD OF ACCOUNTING

Legal Authority:  26 USC 7805; 26 USC 985

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations provide rules for qualified business units 
(``QBU's'') whose currency is no longer hyperinflationary including any 
necessary adjustment.

Timetable: Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: INTL-066-92.
Drafting attorney: Jacob Feldman (202) 622-3870.
Reviewing attorney: Jeffrey Dorfman (202) 622-3870.
Treasury attorney: Unassigned.

Agency Contact: Jacob Feldman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3870

RIN: 1545-AS68
_______________________________________________________________________

3337. DETERMINATION OF FOREIGN TAXES AND FOREIGN CORPORATIONS' EARNINGS 
AND PROFITS

Legal Authority:  26 USC 7805; 26 USC 986

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide rules for translating foreign 
earnings and profits and taxes into dollars, as well as timing and 
computation rules relating to the taxation of exchange gain or loss on 
previously taxed income that is distributed through a chain of 
controlled foreign corporations.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-107-89.
Drafting attorney: Jacob Feldman (202) 622-3870.
Reviewing attorney: Barbara Felker (202) 622-3850.
Treasury attorney: Unassigned.

Agency Contact: Jacob Feldman, Attorney Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3870

RIN: 1545-AN37
_______________________________________________________________________

3338. DISC REGULATIONS

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Conforming DISC regulations to FSC regulations.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-114-88.
Drafting attorney: Leslie B. Van Der Wal (202) 622-3850.
Reviewing attorney: Richard L. Chewning (202) 622-3870.
Treasury attorney: Unassigned.

Agency Contact: Leslie B. Van Der Wal, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3850

RIN: 1545-AM05
_______________________________________________________________________

3339. BASIS ADJUSTMENT 1016(A)(2)

Legal Authority:  26 USC 7805; 26 USC 1016; 26 USC 168

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance for the determination of 
the depreciation deduction allowable under section 168 and basis 
adjustment under section 1016(a)(3) for depreciation allowable with 
respect to property subject to section 168, as amended by the Tax 
Reform Act of 1986. Determination of depreciation deduction allowable 
under section 168 and basis adjustment under section 1016(a)(3) for 
depreciation allowable, for property subject to section 168, as amended 
by the Tax Reform Act of 1986. 1986.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-35-93
Drafting attorney: Kathleen Reed (202) 622-3110.
Reviewing attorney: Charles B. Ramsey (202) 622-3110.

Agency Contact: Kathleen Reed, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3110

RIN: 1545-AR60
_______________________________________________________________________

3340. BASIS REDUCTION DUE TO CANCELLATION OF INDEBTEDNESS

Legal Authority:  26 USC 7805; 26 USC 1017(b)(1)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations will explain the ordering rules that 
a taxpayer must use to reduce its tax attributes in accordance with 
sections 108(b) and 1017 of the Internal Revenue Code for discharges of 
indebtedness that occur after December 31, 1986.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-48-91.
Drafting Attorney: Leo F. Nolan II (202) 622-4970.
Reviewing Attorney: Donald Barnes (202) 622-4880.

Agency Contact: Leo F. Nolan II, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-4970

RIN: 1545-AP77
_______________________________________________________________________

3341.  AMENDMENT OF REGULATIONS UNDER IRC SECTION 1059A

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1; 26 CFR 1059A

Legal Deadline: None

Abstract: This regulation will amend the regulations under section 
1059A to reflect changes in the section 482 regulations.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-009-94.
Drafting attorney: W. Edward Williams (202) 874-1490.
Reviewing attorney: George M. Sellinger (202) 874-1490.
Treasury attorney: Unassigned.

Agency Contact: W. Edward Williams, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 950 L'Enfant Plaza South SW., 
Washington, DC 20024, 202 874-1490

RIN: 1545-AS89
_______________________________________________________________________

3342. INCOME TAX--TAX STRADDLES

Legal Authority:  26 USC 7805; 26 USC 1092; 26 USC 6653; 26 USC 263 
(g); 26 USC 1256; 26 USC 1212; 26 USC 1236; 26 USC 1234A; 26 USC 1232; 
26 USC 1221

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide the rules under title 5 of the 
Economic Recovery Tax Act of 1981 for tax straddles. These regulations 
will affect the tax treatment of regulated futures contracts, forward 
contracts, and positions in commodities.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-187-81.
Drafting attorney: Robert Williams (202) 622-3960.

Agency Contact: Robert Williams, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3960

RIN: 1545-AC21
_______________________________________________________________________

3343. CHARACTER OF GAINS AND LOSSES IN CASE OF STRADDLES WHERE AT LEAST 
ONE POSITION IS ORDINARY AND AT LEAST ONE POSITION IS CAPITAL

Legal Authority:  26 USC 7805; 26 USC 1092

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance with respect to the 
timing and character of gains and losses in case of straddles where at 
least one position is ordinary and at least one position is capital.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-106-88.
Drafting attorney: Robert B. Williams (202) 622-3960.
Reviewing attorney: Alice Bennett (202) 622-3950.

Agency Contact: Robert B. Williams, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3960

RIN: 1545-AM57
_______________________________________________________________________

3344. SECTION 1244 REGULATIONS

Legal Authority:  26 USC 7805; 26 USC 1244

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations revise section 1244 regulations to provide 
ordinary loss treatment to shareholders of corporations that earn 
royalties, rents, dividends, interest, annuities and gains from the 
sale of exchange of stock to securities in the active conduct of 
business.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: CO-39-92.
Drafting attorney: Kirsten L. Simpson (202) 622-7258.
Reviewing attorney: Charles Whedbee (202) 622-7550.

Agency Contact: Kirsten L. Simpson, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-7258

RIN: 1545-AQ80
_______________________________________________________________________

3345. GAINS FROM CERTAIN SALES OR EXCHANGES IN CERTAIN FOREIGN 
CORPORATIONS

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Temporary regulations that amend the regulations under 
section 1248 to partially suspend the application of section 1248(e) 
and to limit the application of section 1248(f) to those situations in 
which gain is not required.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-039-87.
Drafting attorney: David F. Bergkuist (202) 622-3860.
Reviewing attorney: Charles Saverude (202) 622-3800.
Treasury attorney: Unassigned.

Agency Contact: David F. Bergkuist, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3860

RIN: 1545-AL89
_______________________________________________________________________

3346. INCOME TAX--GAIN FROM DISPOSITION OF INTEREST IN OIL, GAS, 
GEOTHERMAL, OR OTHER MINERAL PROPERTIES BY S CORPORATIONS AND THEIR 
SHAREHOLDERS

Legal Authority:  26 USC 7805; 26 USC 1254; 26 USC 751

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will determine the tax treatment by S 
corporations and their shareholders from the disposition of certain 
oil, gas, geothermal, or other mineral properties. Gain subject to 
recapture under section 1254 will be accorded ordinary income 
treatment. The regulations also will determine the tax treatment of 
sales of shares of stock in an S corporation that holds oil, gas, 
geothermal, or other mineral properties.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/94

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: PS-7-89.
Drafting attorney: James A. Quinn (202) 622-3060.
Reviewing attorney: Arthur H. Ernst (202) 622-6060.
Treasury attorney: Elizabeth Wagner (202) 622-1778.

Agency Contact: James A. Quinn, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3060

RIN: 1545-AM98
_______________________________________________________________________

3347. HEDGING EXCEPTION TO MARK-TO-MARKET RULES FOR SECTION 1256 
CONTRACTS, DEFERRAL OF CERTAIN STRADDLE LOSSES, AND WASH-SALE AND SHORT-
SALE PRINCIPLES APPLICABLE TO CERTAIN STRADDLE TRANSACTIONS

Legal Authority:  26 USC 7805; 26 USC 1256 (e)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide rules relating to the hedging 
transaction exception for section 1256 contracts and straddles.

Timetable: Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: FI-10-86.
Drafting attorney: Robert B. Williams (202) 622-3960.
Reviewing attorney: Alice M. Bennett (202) 622-3950.

Agency Contact: Robert B. Williams, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3960

RIN: 1545-AI72
_______________________________________________________________________

3348.  CONVERSION TRANSACTIONS

Legal Authority:  26 USC 1258; 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation provides guidance on selected section 1258 
conversion transaction issues.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-43-94
Drafting attorney: Alan B. Munro (202) 622-3950.
Reviewing attorney: Alice M. Bennett (202) 622-3950.
Treasury attorney: John J. Rooney (202) 622-1335.

Agency Contact: Alan B. Munro, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3950

RIN: 1545-AS87
_______________________________________________________________________

3349. CONTINGENT AND VARIABLE DEBT INSTRUMENTS

Legal Authority:  26 USC 7805; 26 USC 1275(d)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will address the proper accrual of original 
issue discount on debt instruments that provide for contingent or 
variable payments. This regulation will clarify existing uncertainties 
under the present law.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: FI-059-91.
Drafting attorney: William E. Blanchard (202) 622-3950.
Reviewing attorney: Andrew C. Kittler (202) 622-3930.
Treasury attorney: David Weisbach (202) 622-1129.

Agency Contact: William E. Blanchard, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3950

RIN: 1545-AQ86
_______________________________________________________________________

3350. DEBT INSTRUMENTS WITH ORIGINAL ISSUE DISCOUNT; ANTI-ABUSE RULE

Legal Authority:  26 USC 7805; 26 USC 1275(d)

CFR Citation:  26 CFR 1

Legal Deadline:  Final, Statutory, February 2, 1997.
Section 7805(e)(2) provides that any temporary regulation will expire 
within 3 years after the date of issuance.

Abstract: The regulation provides an anti-abuse rule relating to the 
tax treatment of debt instruments with original issue discount.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            10/00/94

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: FI-5-94
Drafting attorney: William E. Blanchard (202) 622-3950.
Reviewing attorney: Andrew C. Kittler (202) 622-3940.
Treasury attorney: David Weisbach (202) 622-1129.

Agency Contact: William E. Blanchard, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3950

RIN: 1545-AS36
_______________________________________________________________________

3351. BASIC ISSUES UNDER SECTION 1286

Legal Authority:  26 USC 7805; 26 USC 1286

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations will address selected basic issues 
relating to stripped bonds and stripped coupons under Code Section 
1286.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-104-91.
Drafting attorney: Nicholas G. Bogos (202) 622-3920.
Reviewing attorney: Sharon Galm (202) 622-3920.
Reviewing attorney: Mark Smith (202) 622-3930.

Agency Contact: Nicholas G. Bogos, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3920

RIN: 1545-AQ25
_______________________________________________________________________

3352. CERTAIN STRIPPING TRANSACTIONS

Legal Authority:  26 USC 7805; 26 USC 1286

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation provides accounting rules for certain 
instruments that are derived from bond stripping transactions. In 
addition, the regulation provides rules for determining the tax-exempt 
portion for certain instruments derived from tax-exempt bond stripping 
transactions.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: FI-69-92.
Drafting attorney: Alan B. Munro (202) 622-3950.
Reviewing attorney: Alice Bennett (202) 622-3950.

Agency Contact: Alan Munro, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3950

RIN: 1545-AR12
_______________________________________________________________________

3353. QEF SHAREHOLDER ELECTION

Legal Authority:  26 USC 7805; 26 USC 1295

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will address QEF shareholder election as it 
applies to section 1295.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-579-88.
Drafting attorney: Joseph S. Henderson (202) 622-3850.
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: Unassigned.

Agency Contact: Joseph S. Henderson, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3850

RIN: 1545-AM41
_______________________________________________________________________

3354. PASSIVE FOREIGN INVESTMENT COMPANIES - SPECIAL RULES FOR FOREIGN 
BANKS AND SECURITIES DEALERS

Legal Authority:  26 USC 7805; 26 USC 1296(b)(2)(A); 26 USC 1296(b)(3)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide guidance for qualifying foreign 
banks and securities dealers for the exception to passive income 
characterization for purposes of the income and asset tests of the PFIC 
provisions.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-0065-93.
Drafting attorney: Gayle Novig (202) 622-3880.
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: Unassigned.

Agency Contact: Gayle Novig, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3880

RIN: 1545-AS46
_______________________________________________________________________

3355. INCOME TAX--PASS-THROUGH OF S CORPORATION ITEMS TO SHAREHOLDERS

Legal Authority:  26 USC 7805; 26 USC 1366

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide rules relating to the tax 
treatment of income and loss items passed through to the shareholders.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-261-82.
Drafting attorney: Deane Burke (202) 622-3080.
Reviewing attorney: Frances Schafer (202) 622-3070.

Agency Contact: Deane Burke, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3080

RIN: 1545-AE85
_______________________________________________________________________

3356. INCOME TAX--APPLICATION OF SUBCHAPTER C RULES TO S CORPORATIONS

Legal Authority:  26 USC 7805; 26 USC 1371

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations will provide guidance in applying 
the rules of subchapter C to subchapter S.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-265-82.
Drafting attorney: Martin Schaffer (202) 622-3080.
Reviewing attorney: William O'Shea (202) 622-3070.
Treasury attorney: Heidi Ebel (202) 622-0864.

Agency Contact: Martin Schaffer, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3080

RIN: 1545-AE90
_______________________________________________________________________

3357. INCOME TAX--DEFINITIONS AND SPECIAL RULES PERTAINING TO S 
CORPORATIONS

Legal Authority:  26 USC 7805; 26 USC 1377

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Regulations will define and interpret special rules contained 
in Section 1377 of the Internal Revenue Code of 1986, including pro 
rata share, the election to terminate a year and post-termination 
period.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-268-82.
Drafting attorney: Brian J. O'Connor (202) 622-3060.
Reviewing attorney: H. Grace Kim (202) 622-3060.
Treasury attorney: John Rooney (202) 622-1335.

Agency Contact: Brian J. O'Connor, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3060

RIN: 1545-AE94
_______________________________________________________________________

3358.  LIMITED LIABILITY COMPANIES

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation describes the self-employment tax treatment 
of members of limited liability companies.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/30/94

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: EE-45-94
Drafting attorney: Marie Cashman (202) 622-6040.
Reviewing attorney: David Fuller (202) 622-6040.

Agency Contact: Marie Cashman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-6040

RIN: 1545-AS95
_______________________________________________________________________

3359. SECTION 1445 REGULATION REVISIONS DUE TO 1993 TAX ACT

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The withholding rates in sections 1.1445-5 and 1.1445-8 need 
to be increased from 34% to 35% to reflect the amendment to sections 
1445(c)(1) and (e)(2).

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-008-94
Drafting attorney: Gwendolyn Rotter (202) 622-3860.
Reviewing attorney: Charles Besecky (202) 622-3860.
Treasury attorney: Unassigned.

Agency Contact: Gwendolyn Rotter, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3860

RIN: 1545-AS51
_______________________________________________________________________

3360. REGULATIONS UNDER SECTIONS 1491, 1492, AND 1494

Legal Authority:  26 USC 7805; 26 USC 1491; 26 USC 1492; 26 USC 1494

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The purpose of these regulations is to provide guidance to 
taxpayers regarding both the types of outbound property transfers that 
are subject to the tax imposed by section 1491 and the types of 
outbound property transfers that are exempt from the tax by reasons of 
section 1492.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: Undetermined

Additional Information: INTL-102-89.
Drafting attorney: Gwendolyn A. Rotter (202) 622-3860.
Reviewing attorney: Elizabeth U. Karzon (202) 622-3860.
Treasury attorney: Unassigned.

Agency Contact: Gwendolyn A. Rotter, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3860

RIN: 1545-AN39
_______________________________________________________________________

3361. INCOME TAX--APPLICATION OF SECTION 465, AT-RISK LIMITATIONS TO 
MEMBERS THAT JOIN IN FILING CONSOLIDATED RETURNS

Legal Authority:  26 USC 7805; 26 USC 1502; 26 USC 465

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Provision would amend the consolidated returns regulations to 
provide rules applying the at-risk limitations of section 465 of the 
Internal Revenue Code of 1954 to affiliated groups filing consolidated 
returns, thereby giving the public needed guidance as to how these 
rules apply to such groups.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-75-79.
Drafting attorney: Richard E. Coss (202) 622-7790.
Reviewing attorney: Kenneth E. Cohen (202) 622-7790.

Agency Contact: Richard E. Coss, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-7790

RIN: 1545-AC55
_______________________________________________________________________

3362. CLARIFYING DELETION OF REQUIREMENT OF SECTION 1.1502-47(D)(12)(C) 
THAT IN APPLYING THE TACKING RULE, PROFIT LIFE ACTIVITIES NOT BE 
SEPARATED FROM LOSS LIFE ACTIVITIES

Legal Authority:  26 USC 1502

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Section 1.1502-47(d)(12)(C) restricted the separation of 
profitable life activities from loss life activities to prevent the 
gaming that otherwise could occur under the ``bottom-line'' 
consolidation rule mandated by section 818(f) as in existence prior to 
the Enactment of the Tax Reform Act of 1984 (TRA 1984), Public Law 98-
369. As a result of the new method of taxing life insurance companies 
enacted in the TRA 1984, the bottom-line consolidation abuse potential 
is eliminated, thus eliminating the need for section 1.1502-
47(d)(12)(C). Removing this provision will remove an unnecessary 
restraint on transactions, and a potential device to voluntarily 
deconsolidate.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: CO-157-86.
Drafting attorney: William F. Barry (202) 622-7770.
Reviewing attorney: Richard Osborne (202) 622-7770.
Treasury attorney:

Agency Contact: William F. Barry, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-7770

RIN: 1545-AI98
_______________________________________________________________________

3363. SECTION 1.1502-33

Legal Authority:  26 USC 7805; 26 USC 1502

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide new rules for determining 
earnings and profits of each member of the consolidated group.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-68-88.
Drafting attorney: Steven Teplinsky (202) 622-7770.
Reviewing attorney: John Broadbent (202) 622-7710.
Treasury attorney:

Agency Contact: Steven Teplinsky, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-7770

RIN: 1545-AL60
_______________________________________________________________________

3364. CONSOLIDATED RETURNS: SEPARATE RETURN LIMITATION YEARS AND THE 
CARRYBACK AND CARRYOVER OF INVESTMENT CREDITS, FOREIGN TAX CREDITS, NET 
OPERATING LOSSES, AND NET CAPITAL LOSSES

Legal Authority:  26 USC 1502

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Possible revision of separate return year rules in 
consolidated return regulations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: CO-71-92.
Drafting attorney: Steven Teplinsky (202) 622-7770.
Reviewing attorney: David Kessler (202) 622-7770.

Agency Contact: Steven Teplinsky, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-7770

RIN: 1545-AR11
_______________________________________________________________________

3365. SECTION 1.1502-47 REGULATIONS--SUPPLEMENTAL

Legal Authority:  26 USC 7805; 26 USC 1502

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance on the proper 
computation of the foreign tax credit limitation amount for life/non-
life consolidated returns.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-025-93
Drafting attorney: Ramon Camacho (202) 622-3870.
Reviewing attorney: Barbara Felker (202) 622-3850.
Treasury attorney: Unassigned.

Agency Contact: Ramon Camacho, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3870

RIN: 1545-AR89
_______________________________________________________________________

3366. APPLICATIONS OF SECTION 1503(D) TO PARTNERSHIPS AND OTHER ITEMS

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Determination of when and how section 1503(d), treatment of 
dual consolidated losses, will apply to partnerships.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-037-92.
Drafting attorney: Sim S. Seo (202) 622-3840.
Reviewing attorney: Phyllis Marcus (202) 622-3840.
Treasury attorney: Peter Marrs (202) 622-0724.

Agency Contact: Sim S. Seo, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3840

RIN: 1545-AR26
_______________________________________________________________________

3367. INCOME TAX--INCLUDIBILITY IN AN AFFILIATED GROUP OF SUBSIDIARIES 
FORMED TO COMPLY WITH FOREIGN LAWS

Legal Authority:  26 USC 7805; 26 USC 1504

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations would provide rules relating to an election 
to treat a foreign subsidiary of a United States corporation as a 
domestic corporation if the subsidiary is formed in a contiguous 
country to comply with foreign law.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-338-88.
Drafting attorney: Kenneth Allison (202) 622-3860.
Reviewing attorney: Charles Saverude (202) 622-3800.
Treasury attorney: Joni Walser (202) 622-1781.

Agency Contact: Kenneth Allison, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3860

RIN: 1545-AC58
_______________________________________________________________________

3368. DEFINITION OF AFFILIATED GROUP

Legal Authority:  26 USC 7805; 26 USC 1504

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will eliminate the application of the rule 
which provides that in the case of options issued under a plan, a 
measurement date for one option constitutes a measurement date for all 
options if the option was issued prior to December 28, 1992. The 
regulation will also clarify that an option issued under a bankruptcy 
plan is not an option for purposes of the regulation prior to or on the 
effective date of the plan.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-44-93
Drafting attorney: Ken Cohen (202) 622-7790.
Reviewing attorney: Edward S. Cohen (202) 622-7760.

Agency Contact: Ken E. Cohen, Senior Technical Reviewer, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-7790

RIN: 1545-AR70
_______________________________________________________________________

3369. ESTATE AND GIFT TAXES--UNIFIED CREDIT IN LIEU OF EXEMPTION, UNIFIED 
RATE SCHEDULE FOR ESTATE AND GIFT TAXES

Legal Authority:  26 USC 7805; 26 USC 2001; 26 USC 2010; 26 USC 2011; 
26 USC 2012(a); 26 USC 2012(c); 26 USC 2013(b); 26 USC 2013(e)(1); 26 
USC 2014(b)(2); 26 USC 2035; 26 USC 2038(a); 26 USC 2044; 26 USC 2052; 
26 USC 2104; 26 USC 2106

CFR Citation:  26 CFR 20; 26 CFR 25; 26 CFR 1

Legal Deadline: None

Abstract: These regulations will implement the unified rate schedule 
for estate and gift taxes and unified credit in lieu of exemptions will 
be implemented by the regulation. The regulations also relate to the 
estate tax consequences of transfers made within three years of death.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-212-76.
Drafting attorney: Deborah S. Ryan (202) 622-3090.
Reviewing attorney: Lee A. Dunn (202) 622-3090.

Agency Contact: Deborah S. Ryan, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington DC 
20224, 202 622-3090

RIN: 1545-AC60
_______________________________________________________________________

3370. ESTATE TAX--VALUATION OF CERTAIN FARM, ETC., REAL PROPERTY

Legal Authority:  26 USC 7805; 26 USC 2032A; 26 USC 2013 (f); 26 USC 
1016 (c); 26 USC 1040

CFR Citation:  26 CFR 20; 26 CFR 1

Legal Deadline: None

Abstract: The regulation will contain definitions and rules relating to 
the special use valuation of certain farm and closely held business 
real property available to qualifying estates. The regulation will 
include various.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-209-81.
Drafting attorney: Deborah Ryan (202) 622-3090.
Reviewing attorney: Lee Dunn (202) 622-3090.
Treasury attorney: Monte Jackel (202) 622-0865.

Agency Contact: Deborah Ryan, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3090

RIN: 1545-AC62
_______________________________________________________________________

3371. ESTATE TAX--ANNUITY EXCLUSION REPEAL

Legal Authority:  26 USC 2039

CFR Citation:  26 CFR 20; 26 CFR 25

Legal Deadline: None

Abstract: Section 2039 of the Internal Revenue Code, as amended by 
section 525(a) of the TRA84 and section 1852(e)(3) of the TRA86 provide 
for the inclusion in a decedent's gross estate of the value of a 
survivor annuity or other payment attributable to an employer's 
contribution and the value of an individual retirement annuity or 
payment. The regulations will address the application of the 
transitional rules set forth in section 525(a) of the Tax Reform These 
regulations will also address the repeal of the gift tax treatment of 
the transfer of an annuity under section 2517.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-31-91.
Drafting attorney: William L. Blodgett (202) 622-3090.
Reviewing attorney: Lee A. Dunn (202) 622-3090.

Agency Contact: William L. Blodgett, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3090

RIN: 1545-AP60
_______________________________________________________________________

3372. REFORMATION OF CHARITABLE TRANSFERS--DEFINITION OF GUARANTEED 
ANNUITY AND LEAD UNITRUST INTEREST

Legal Authority:  26 USC 2055

CFR Citation:  26 CFR 20

Legal Deadline: None

Abstract: These regulations will address a number of issues including 
the following: (1) defining commencement under the 90-day rule; (2) 
defining what is a reformable interest; (3) reforming a nonremainder 
interest; and (4) reforming a remainder interest in a trust.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-070-89.
Drafting attorney: Esther Woodworth (202) 622-3090.
Reviewing attorney: George Masnik (202) 622-3090.
Treasury attorney: Monte Jackel (202) 622-0865.

Agency Contact: Esther Woodworth, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3090

RIN: 1545-AO31
_______________________________________________________________________

3373.  QDOT SECURITY REQUIREMENTS

Legal Authority:  26 USC 7805; 26 USC 2056A

CFR Citation:  26 CFR 20

Legal Deadline: None

Abstract: The temporary regulations relate to additional requirements 
necessary to ensure the collection of the estate tax imposed under 
section 2056A(b) with respect to taxable events involving qualified 
domestic trusts described in section 2056A. The text of those temporary 
regulations serves as the text of these proposed regulations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-25-94
Drafting attorney: Susan Hurwitz (202) 622-3090.
Reviewing attorney: George Masnik (202) 622-3090.

Agency Contact: Susan Hurwitz, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3090

RIN: 1545-AS66
_______________________________________________________________________

3374.  QDOT SECURITY REQUIREMENTS

Legal Authority:  26 USC 7805; 26 USC 2056A

CFR Citation:  26 CFR 20

Legal Deadline: None

Abstract: The temporary regulations provide guidance relating to the 
additional requirements necessary to ensure the collection of the 
estate tax imposed under section 2056A(b) with respect to taxable 
events involving qualified domestic trusts described in section 2056A.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulations           10/00/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-25-94
Drafting attorney: Susan Hurwitz (202) 622-3090.
Reviewing attorney: George Masnik (202) 622-3090.

Agency Contact: Susan Hurwitz, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3090

RIN: 1545-AS67
_______________________________________________________________________

3375. SITUS OF PARTNERSHIP INTERESTS HELD BY A NONRESIDENT ALIEN FOR 
ESTATE TAX PURPOSES

Legal Authority:  26 USC 7805; 26 USC 2104; 26 USC 2105

CFR Citation:  26 CFR 20

Legal Deadline: None

Abstract: This regulation will determine the amount of partnership 
interests that will have a United States situs for estate tax purposes.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: INTL-079-90.
Drafting attorney: Leslie A. Cracraft (202) 622-3860.
Reviewing attorney: Elizabeth U. Karzon (202) 622-3860.
Treasury attorney: Carol Dunahoo (202) 622-0726.

Agency Contact: Leslie A. Cracraft, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3860

RIN: 1545-AP07
_______________________________________________________________________

3376. LOAN GUARANTEES

Legal Authority:  26 USC 7805; 26 USC 2511

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation relates to the gift tax treatment of loan 
guarantees.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-57-92.
Drafting attorney: Debra Ryan (202) 622-3090.
Reviewing attorney: Richard Grosgebauer (202) 622-3090.

Agency Contact: Debra Ryan, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3090

RIN: 1545-AR16
_______________________________________________________________________

3377. WITHDRAWAL OF PROPOSED REGULATIONS RELATING TO HOME OFFICE 
DEDUCTION

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Withdrawal of a portion of a proposed regulation relating to 
the home office deduction, principal place of business in the home.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/01/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-023-93
Drafting Attorney: Marilyn Brookens (202) 622-4920.
Reviewing Attorney: George Baker (202) 622-4920.

Agency Contact: Marilyn Brookens, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave,. NW., Washington, DC 
20224, 202 622-4920

RIN: 1545-AR80
_______________________________________________________________________

3378. DEMOLITION OF STRUCTURES DEFINITIONS

Legal Authority:  26 USC 7805; 26 USC 280B

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide definitions of the terms 
``structure'' and ``demolition'' for purposes of section 280B of the 
Code? Specifically to what extent does section 280B apply to 
demolitions of structures that are not buildings and to partial 
demolitions.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-39-93
Drafting attorney: Bernard Harvey (202) 622-3110.
Reviewing attorney: Peter Friedman (202) 622-3110.

Agency Contact: Bernard Harvey, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3110

RIN: 1545-AR63
_______________________________________________________________________

3379. TREATMENT OF CERTAIN DEFERRED COMPENSATION AND SALARY REDUCTION 
ARRANGEMENTS

Legal Authority:  26 USC 7805; 26 USC 6302 (c)

CFR Citation:  26 CFR 31

Legal Deadline: None

Abstract: Proposal would provide rules concerning the treatment of 
certain deferred compensation and salary reduction arrangements under 
section 3121 (v) and section 3306 (r) of the Internal Revenue Code of 
1954, thereby giving needed guidance to the public on how the Internal 
Revenue Service intends to interpret those sections of the Code.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-142-87.
Drafting attorney: David Pardys (202) 622-6040.
Reviewing attorney: Jerry Holmes (202) 622-6040.

Agency Contact: David Pardys, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-6040

RIN: 1545-AF97
_______________________________________________________________________

3380.  CORPORATE INVERSION TRANSACTIONS

Legal Authority:  26 USC 337(d)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Treatment of corporate inversion transaction where subsidiary 
issues disproportionate number of new share (shares with a value in 
excess of the value of the parent stock received by the subsidiary) to 
the shareholder of the inverted parent, thereby diluting the parent 
corporation's pre-inversion value.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: CO-35-94
Drafting Attorney: Kirsten L. Simpson (202) 622-7790.
Reviewing Attorney: Ken Cohen (202) 622-7790.
Treasury Attorney: John Rooney (202) 622-1335.

Agency Contact: Kirsten L. Simpson, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-7790

RIN: 1545-AS91
_______________________________________________________________________

3381. ELECTRONIC FILING OF FORM W-4

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 31

Legal Deadline: None

Abstract: The statute and existing regulations require employees to 
furnish employers with withholding exemption certificates (Forms w-4). 
The regulation would permit employees to file Forms W-4 electronically 
under certain circumstances.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: Undetermined

Additional Information: EE-45-93
Drafting attorney Karin Loverud (202) 622-6060.
Reviewing Attorney Mark Schwimmer (202) 622-6060.

Agency Contact: Karin Loverud, Tax Law Specialist, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-6060

RIN: 1545-AR67
_______________________________________________________________________

3382. TAXPAYER IDENTIFYING NUMBER MATCHING PROGRAM

Legal Authority:  26 USC 3406; 26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Under the regulations payors can pre-check the name/TIN 
combinations furnished by payees prior to their filing an information 
return and thereby carryout the purposes of section 3406 in obtaining 
correct TIN/name combinations. Accordingly, prior to filing an 
information return a payor may contact the Service concerning the TIN 
furnished by a payee. Upon receiving such an inquiry, the Service will 
advise the payor whether the name/TIN combination furnished matches the 
name/TIN combination contained in the Service's records. If the name/
TIN combination does not match, then the payor has the opportunity to 
contact the payee for correction before filing the information return, 
thus reducing the likelihood of a notice to start backup withholding 
and of a penalty for filing an information return.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-8-92.
Drafting attorney: Renay France (202) 622-4910.
Reviewing attorney: John M. Coulter, Jr. (202) 622-4910.
Treasury attorney: Larry Garrett (202) 622-1778.

Agency Contact: Renay France, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-4910

RIN: 1545-AQ51
_______________________________________________________________________

3383. LUXURY EXCISE TAX CHANGES UNDER OBRA 1993

Legal Authority:  26 USC 7805; 26 USC 4003

CFR Citation:  26 CFR 48

Legal Deadline: None

Abstract: These regulations implement the exemption from luxury tax for 
accessories for handicapped individuals and other matters.

Timetable: Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Additional Information: PS-75-93
Drafting attorney: Edward Madden (202) 622-3130.
Reviewing attorney: Richard Kocak (202) 622-3130.
Treasury attorney: John Parcell (202) 622-2578.

Agency Contact: Edward Madden, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3130

RIN: 1545-AS34
_______________________________________________________________________

3384. DIESEL FUEL TAX--GASOHOL

Legal Authority:  26 USC 7805; 26 USC 4081

CFR Citation:  26 CFR 48.4081

Legal Deadline: None

Abstract: These regulations update the gasoline regulations to reflect 
changes in law relating to diesel and gasoline.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/00/94

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: PS-66-93
Drafting attorney: Frank Boland (202) 622-3130.
Reviewing attorney: Richard Kocak (202) 622-3130.
Treasury attorney: Elizabeth Wagner (202) 622-1778.

Agency Contact: Frank Boland, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3130

RIN: 1545-AS10
_______________________________________________________________________

3385. FUEL FLOOR STOCKS TAXES UNDER OBRA 1993

Legal Authority:  PL 103-66

CFR Citation:  26 CFR 47

Legal Deadline: None

Abstract: These regulations modify the Fuel Floor Stocks Taxes 
Regulations to provide an exception to tax for diesel fuel dyed after 
removal from the terminal rack.

Timetable: Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Additional Information: PS-76-93
Drafting attorney: Edward Madden (202) 622-3130.
Reviewing attorney: Richard Kocak (202) 622-3130.
Treasury attorney: John Parcell (202) 622-2578.

Agency Contact: Edward Madden, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3130

RIN: 1545-AS32
_______________________________________________________________________

3386. EXCISE TAX ON AVIATION FUEL

Legal Authority:  26 USC 7805; 26 USC 4091 to 4093

CFR Citation:  26 CFR 48

Legal Deadline: None

Abstract: This regulation provides rules on aviation fuel taxes under 
the Revenue Act of 1987 and the Technical and Miscellaneous Revenue Act 
of 1988 and DBRA 1993.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/00/95

Small Entities Affected: Businesses

Government Levels Affected: State, Local, Federal

Additional Information: PS-3-88.
Drafting attorney: Frank Boland (202) 622-3130.
Reviewing attorney: Dick Kocak (202) 622-3130.
Treasury attorney: Elizabeth Wagner (202) 622-1778.

Agency Contact: Frank Boland, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3130

RIN: 1545-AL43
_______________________________________________________________________

3387. COMMUNICATIONS TAX REGULATIONS

Legal Authority:  26 USC 7805; 26 USC 4251; 26 USC 4252; 26 USC 4253; 
26 USC 4254

CFR Citation:  26 CFR 49

Legal Deadline: None

Abstract: The regulations will provide rules with respect to the 
application of the communications excise tax.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           07/31/92                    57 FR 33918
NPRM                            10/00/94

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Additional Information: PS-017-91.
Drafting attorney: Bernard Weberman (202) 622-3130.
Reviewing attorney: Edward Madden (202) 622-3130.

Agency Contact: Bernard Weberman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3130

RIN: 1545-AP67
_______________________________________________________________________

3388. AIR TRANSPORTATION TAX REGULATIONS

Legal Authority:  26 USC 7805; 26 USC 4041; 26 USC 4091; 26 USC 4261; 
26 USC 4271

CFR Citation:  26 CFR 48; 26 CFR 49

Legal Deadline: None

Abstract: The regulations will revise rules relating to the taxes on 
transportation of persons and property by air and provide rules 
relating to fuel taxes.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: Organizations

Government Levels Affected: None

Additional Information: PS-16-91.
Drafting attorney: Tyrone Montague (202) 622-3130.
Reviewing attorney: Frank Boland (202) 622-3130.

Agency Contact: Tyrone Montague, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3130

RIN: 1545-AP68
_______________________________________________________________________

3389. CHEMICAL TAX UNDER SECTION 4461 AND IMPORTED SUBSTANCE TAX UNDER 
SECTION 4671

Legal Authority:  26 USC 7805; 26 USC 4671; 26 USC 4661

CFR Citation:  26 CFR 52

Legal Deadline: None

Abstract: These proposed regulations relate to taxable chemicals and 
taxable imported substances.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-71-88.
Drafting attorney: Ruth Hoffman (202) 622-3130.
Reviewing attorney: Jeff Nelson (202) 622-3130.
Treasury attorney: Elizabeth Wagner (202) 622-1778.

Agency Contact: Ruth Hoffman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3130

RIN: 1545-AL73
_______________________________________________________________________

3390. ESCROW FUNDS AND OTHER SIMILAR FUNDS

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Further guidance relating to certain escrow funds and other 
similar funds.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/30/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-017-93
Drafting attorney: Lisa Bernardini (202) 622-4910.
Reviewing attorney: Linda Kroening (202) 622-4910.

Agency Contact: Lisa Bernardini, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-4910

RIN: 1545-AR82
_______________________________________________________________________

3391. EXCISE TAX--PART 54, REVERSION OF QUALIFIED PLAN ASSETS TO EMPLOYER

Legal Authority:  26 USC 7805; 26 USC 4980; PL 99-514, Sec 1132

CFR Citation:  26 CFR 54

Legal Deadline: None

Abstract: The regulations would provide guidance regarding the excise 
tax on reversions of qualified plan assets imposed by section 4980 of 
the Internal Revenue Code of 1986.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-165-86.
Tax Law Specialist: Vernon S. Carter (202) 622-6070.
Reviewing attorney: James L. Brokaw (202) 622-6070.

Agency Contact: Vernon S. Carter, Tax Law Specialist, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-6070

RIN: 1545-AI82
_______________________________________________________________________

3392. RETURNS AND PAYMENTS OF TAX UNDER FEDERAL INSURANCE CONTRIBUTIONS 
ACT

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 31

Legal Deadline: None

Abstract: These regulations simplify the reporting and requirements for 
individual employers of domestic workers by reducing the frequency of 
filing returns that report the tax imposed by Federal Insurance 
Contributions Act (FICA). Amendments also permit employers paying wages 
of less than $10,000 to remit the tax imposed by FICA with the annual 
return.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            12/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-14-92.
Drafting attorney: David Meyer (202) 622-4940.
Reviewing attorney: Rudolph Planert (202) 622-4940.
Treasury attorney: Anne Alstott (202) 622-0865.

Agency Contact: David Meyer, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-4940

RIN: 1545-AQ62
_______________________________________________________________________

3393. REMOVAL OF SIGNATURE REQUIREMENT FROM REGULATIONS GOVERNING 
REQUESTS FOR TAXPAYER IDENTIFICATION NUMBERS

Legal Authority:  26 USC 7805; 26 USC 6011

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Removal of signature requirement from regulations governing 
requests for taxpayer identification numbers.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/30/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-020-93
Drafting attorney: Vince Surabian (202) 622-4940.
Reviewing attorney: Rudolf Planert (202) 622-4940.

Agency Contact: Vince Surabian, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-4940

RIN: 1545-AR81
_______________________________________________________________________

3394. AMENDMENT OF SECTION 1.6033-2(G)(5) RELATING TO RETURNS BY AN 
INTEGRATED AUXILIARY OF A CHURCH

Legal Authority:  26 USC 7805; PL 91-172, Sec 101 (d) (1)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will revise the definition of integrated 
auxiliary of a church in section 1.6033-2(g)(5) of the Treasury 
Regulations to be consistent with Rev. Proc. 86-23, 1986-1 CB 564.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-41-86.
Drafting attorney: Terri Harris (202) 622-6070.
Reviewing attorney: Paul Accettura (202) 622-6070.

Agency Contact: Terri Harris, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-6070

RIN: 1545-AI52
_______________________________________________________________________

3395. BROKER REPORTING OF OPTION TRANSACTIONS

Legal Authority:  26 USC 6045

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulation will establish standards for brokers 
to report options transactions to the Service.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: FI-004-90.
Drafting attorney: Jonathan Silver (202) 622-3441.
Reviewing attorney: Alvin Kraft (202) 622-3920.

Agency Contact: Jonathan Silver, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3782

RIN: 1545-AO40
_______________________________________________________________________

3396. 6046A - RETURNS AS TO INTERESTS IN FOREIGN PARTNERSHIPS

Legal Authority:  26 USC 7805; 26 USC 6046A

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations would give guidance for determining which 
United States persons who acquire, dispose of or change their interests 
in foreign partnerships must report their activities. Additionally, 
guidance would be given as to how, when and where such persons must 
report and what information they must supply.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-879-86.
Drafting attorney: Kathryn Horton O'Brien (202) 622-3860.
Reviewing attorney: Charles Besecky (202) 622-3860.
Treasury attorney: Unassigned.

Agency Contact: Kathryn Horton O'Brien, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3860

RIN: 1545-AK75
_______________________________________________________________________

3397. SECTION 6048 REGULATIONS

Legal Authority:  26 USC 7805; 26 USC 6048

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Revision of regulations under section 6048, return as to 
certain foreign trusts.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-067-92.
Drafting attorney: Joseph S. Henderson (202) 622-3850.
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: Unassigned.

Agency Contact: Joseph S. Henderson, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3850

RIN: 1545-AR25
_______________________________________________________________________

3398. INCOME TAX--TO REQUIRE ISSUERS OF CERTIFICATES OF DEPOSIT TO 
FURNISH ISSUE PRICE TO BROKERS

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations would amend existing regulations to 
require issuers to furnish the issue price to brokers.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-63-87.
Drafting attorney: Dianne O. Umberger (202) 622-3960.
Reviewing attorney: Alice Bennett (202) 622-3950.

Agency Contact: Dianne O. Umberger, Attorney, Department of the 
Treasury, Internal Revenue Service, llll Constitution Ave. NW., 
Washington, D. C. 20224, 202 622-3960

RIN: 1545-AK36
_______________________________________________________________________

3399. INFORMATION REPORTING OF POINTS ON MORTGAGE LOANS

Legal Authority:  26 USC 6050H

CFR Citation:  26 CFR 1.6050H-l; 26 CFR 1.6050H-2

Legal Deadline:  NPRM, Statutory, December 31, 1990.
P.L. 101-239 OBRA 1989, 7646 requires the reporting of points received 
after 12/31/90; however, the reporting will first occur in 1992 for 
1991 closings.

Abstract: Amend regulations to require the information reporting of the 
points received on a mortgage.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/94

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: IA-017-90.
Drafting attorney: James Atkinson (202) 622-4950.
Reviewing attorney: Douglas Fahey (202) 622-4950.
Treasury attorney: Heidi Ebel (202) 622-1334.

Agency Contact: James Atkinson, Attorney-Advisor, CC:IT&A:05, 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Avenue NW., Washington, DC 20224, 202 622-4950

RIN: 1545-AO57
_______________________________________________________________________

3400. IRC SECTION 6051

Legal Authority:  26 USC 7805; 26 USC 6051; 26 USC 6071

CFR Citation:  26 CFR 31.6051-1(d); 26 CFR 31.6071-1(a)

Legal Deadline: None

Abstract: Project will modify existing regulations to require employers 
who terminate their business or otherwise cease operations to file 
Forms W-2 and W-3 within 30 calendar days after termination.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-083-89.
Drafting attorney: Jean Whalen (202) 622-6040.
Reviewing attorney: Jerry Holmes (202) 622-6040.

Agency Contact: Jean Whalen, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-6040

RIN: 1545-AN57
_______________________________________________________________________

3401. EXTENSION OF TIME TO FILE

Legal Authority:  26 USC 7805; 26 USC 6081

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Extension of time for filing returns

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-041-93
Drafting attorney: Stuart Spielman (202) 622-4940.
Reviewing attorney: Norlyn Miller (202) 622-4940.

Agency Contact: Stuart Spielman, Attorney, Department of the Treasury, 
Internal Revenue Service, 202 622-4940

RIN: 1545-AR85
_______________________________________________________________________

3402.  AMENDMENT TO SECTION 6109 REGULATIONS

Legal Authority:  26 USC 7805; 26 USC 6109

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will amend I.R.C. section 6109 regarding tax 
identification numbers.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-0024-94
Drafting attorney: Lilo A. Hester (202) 874-1490.
Reviewing attorney: Michael Pfeifer (202) 622-3800.
Treasury attorney: P. Ann Fisher (202) 622-1755.

Agency Contact: Lilo A. Hester, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 950 L'Enfant Plaza South SW., 
Washington, DC 20024, 202 874-1490

RIN: 1545-AS83
_______________________________________________________________________

3403. LIMITED LIABILITY COMPANY TAX MATTERS PARTNER

Legal Authority:  26 USC 6231(a)(7); 26 USC 6230(i); 26 USC 6230(k); 26 
USC 7805(a)

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The regulations will provide (1) who an LLC may designate as 
its tax matters partner for a specific taxable year, (2) how the 
designation is made and (3) how the designation is terminated.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Federal

Additional Information: PS-34-92
Drafting attorney: D. Lindsay Russell (202) 622-3050.
Reviewing attorney: Dianna K. Miosi (202) 622-2050.
Treasury attorney: Michael Thomson (202) 622-1334.

Agency Contact: D. Lindsay Russell, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3050

RIN: 1545-AS09
_______________________________________________________________________

3404. DETERMINATION OF THE TAX TREATMENT OF SUBCHAPTER S ITEMS AT THE 
CORPORATE LEVEL

Legal Authority:  26 USC 7805; 26 USC 6242; 26 USC 6243; 26 USC 6244; 
26 USC 6233

CFR Citation:  26 CFR 301; 26 CFR 51

Legal Deadline: None

Abstract: Proposed regulations will provide new rules for determining 
the tax treatment of any subchapter S item at the corporate level. 
Regulations will provide rules similar to rules for determining the tax 
treatment of partnership items.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-269-82.
Drafting attorney: D. Lindsay Russell (202) 622-3050.
Reviewing attorney: Dianna K. Miosi (202) 622-3050.
Treasury attorney: Michael Thomson (202) 622-1334.

Agency Contact: D. Lindsay Russell, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3050

RIN: 1545-AE96
_______________________________________________________________________

3405. DEPOSIT OF TAX WITHHELD FROM NONRESIDENT ALIENS AND OTHERS

Legal Authority:  26 USC 7805; 26 USC 6302

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This notice of proposed rulemaking revises and updates 
regulations setting forth deposit requirement for income tax withheld 
at source from nonresident aliens and foreign corporations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/31/95

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: IA-19-91.
Drafting attorney: Vincent Surabian (202) 622-4940.
Reviewing attorney: Norlyn Miller (202) 622-4940.

Agency Contact: Vincent Surabian, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-4940

RIN: 1545-AP92
_______________________________________________________________________

3406.  EXTENSION OF 45-DAY RULE FOR DISALLOWANCE OF ENTRIES ON 
OVERPAYMENTS

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposes rules for extension of 45-day rules for disallowance 
of interest on overpayments.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/01/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-77-93
Drafting Attorney: Rochelle A. Hodes (202) 622-4940.
Reviewer: Norlyn Miller (202) 622-4940.

Agency Contact: Rochelle L. Hodes, Attorney-Adviser (Tax), Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-4940

RIN: 1545-AS64
_______________________________________________________________________

3407. DIFFERENTIAL INTEREST RATES AND EXPANDED CREDITING OF OVERPAYMENTS 
AGAINST UNDERPAYMENTS

Legal Authority:  26 USC 7805; 26 USC 6621

CFR Citation:  26 CFR 301; 26 CFR 602

Legal Deadline: None

Abstract: The regulations will explain the computation of interest on 
underpayments and overpayments of tax, including the extent to which 
underpayments and overpayments will be offset in computing interest.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/01/94

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: IA-123-86.
Drafting attorney: Forest Boone (202) 622-4960.
Reviewing attorney: Norlyn Miller (202) 622-4940.

Agency Contact: Forest Boone, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-4960

RIN: 1545-AK06
_______________________________________________________________________

3408. SECTION 6655 TO PROVIDE SPECIAL RULE FOR ANNUALIZATION EXCEPTION TO 
ESTIMATED TAX PENALTY APPLICABLE TO FOREIGN SALES CORPORATIONS

Legal Authority:  26 USC 7805; 26 USC 6655

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations provide rules for FSC and its related 
supplier using annualization exception to determine estimated tax 
payments.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/01/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-24-92.
Drafting attorney: Rochelle Hodes (202) 622-4940.
Reviewing attorney: John Coulter (202) 622-4910.

Agency Contact: Rochelle Hodes, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-4940

RIN: 1545-AQ63
_______________________________________________________________________

3409. FAILURE TO MAKE A DEPOSIT OF TAXES

Legal Authority:  26 USC 7805; 26 USC 6656

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: Proposal will provide rules for application of the four-
tiered failure-to-deposit penalty imposed by section 6656 of the 
Internal Revenue Code. The proposal will also deal with the manner in 
which a taxpayer's account will be credited for deposits being made in 
light of the time-sensitive nature of the penalty.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/31/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-027-90.
Drafting attorney: Vincent Surabian (202) 622-4940.
Reviewing attorney: Norlyn Miller (202) 622-4940.

Agency Contact: Vincent Surabian, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-4940

RIN: 1545-AO87
_______________________________________________________________________

3410. IMPOSITION OF ACCURACY-RELATED PENALTY

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Notice of Proposed Rulemaking that provide guidance on the 
imposition of the accuracy-related penalty under sections 6662(e) and 
(h) and section 6664(c) for transactions between persons described in 
section 482 and net section 482 transfer pricing adjustments.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-021-91.
Drafting attorney: Thomas L. Ralph (202) 622-3880.
Reviewing attorney: Kenneth W. Wood (202) 874-1490.
Treasury attorney: Warren Crowdus (202) 622-1779.

Agency Contact: Thomas L. Ralph, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3880

RIN: 1545-AS24
_______________________________________________________________________

3411. IMPOSITION OF ACCURACY-RELATED PENALTY

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Temporary regulations that provide guidance on the imposition 
of the accuracy-related penalty under sections 6662(e) and (h) and 
section 6664(c) for transactions between persons described in section 
482 and net section 482 transfer pricing adjustments.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-021-91.
Drafting attorney: Thomas L. Ralph (202) 622-3880.
Reviewing attorney: Kenneth W. Wood (202) 874-1490.
Treasury attorney: Warren Crowdus (202) 622-1779.

Agency Contact: Thomas L. Ralph, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3880

RIN: 1545-AS25
_______________________________________________________________________

3412. REVISION OF REGULATIONS TO REQUIRE RETURN PROCEDURE RETAIN 
SIGNATURE ATTESTATIONS RATHER THAN FORWARDING WITH THE RETURN

Legal Authority:  26 USC 7805; 26 USC 6695

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Tax return prepares will be required to retain signature 
attestations instead of sending them to the IRS when the return is 
submitted.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/15/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-033-93
Drafting attorney: David Meyer (202) 622-4940.
Reviewing attorney: Rudolf Planert (202) 622-4940.

Agency Contact: David Meyer, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-4940

RIN: 1545-AR83
_______________________________________________________________________

3413. PENALTY FOR PROMOTING ABUSIVE TAX SHELTERS

Legal Authority:  26 USC 7805; 26 USC 6700

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The regulations would provide rules and definitions relating 
to the penalty for promoting abusive tax shelters.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-273-82.
Drafting attorney: Michael F. Schmit (202) 622-4960.
Reviewing attorney: Vincent Cardella (202) 622-4960.

Agency Contact: Michael F. Schmit, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-4960

RIN: 1545-AE99
_______________________________________________________________________

3414. PENALTY FOR AIDING AND ABETTING IN THE UNDERSTATEMENT OF TAX 
LIABILITY

Legal Authority:  26 USC 7805; 26 USC 6701

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: Proposal will provide rules with respect to the penalty 
imposed on a person who aids and abets in the understatement of a third 
party's tax liability. The proposal also provides the standards which 
will subject one to the penalty.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-274-82.
Drafting attorney: Michael Schmit (202) 622-4960.
Reviewing attorney: Vincent Cardella (202) 622-4960.

Agency Contact: Michael Schmit, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-4960

RIN: 1545-AF01
_______________________________________________________________________

3415. POLITICAL ACTIVITY INJUNCTION

Legal Authority:  26 USC 7409; 26 USC 6852; 26 USC 4955

CFR Citation:  26 CFR 53; 26 CFR 301

Legal Deadline: None

Abstract: The regulation will provide the procedures necessary to 
provide a two-tiered test on political expenditures of section 
501(c)(3) organizations and/or agreement to the expenditures by 
organization managers, to enjoin and/or make termination assessments in 
the case of a flagrant political expenditure by a section 501(c)(3) 
organization.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: EE-48-90.
Drafting attorney: Cynthia Morton (202) 622-6070.
Reviewing attorney: Paul Accettura (202) 622-6070.

Agency Contact: Cynthia Morton, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-6070

RIN: 1545-AO77
_______________________________________________________________________

3416. REDEMPTIONS OF REAL PROPERTY UNDER IRC 7425--EXCESS EXPENSES

Legal Authority:  26 USC 7805; 26 USC 7425

CFR Citation:  26 CFR 301.7425

Legal Deadline: None

Abstract: Section 301.7425-4(b)(3)(ii), which deals with excess 
expenses incurred by a purchaser of property after a foreclosure sale 
and before redemption, provides that the Service may request a written 
itemized statement from the purchaser regarding excess expenses. If the 
purchaser does not respond within 15 days, it shall be presumed that no 
excess expenses are payable. However, even after the 15-day period 
expires, a payment for excess expenses shall be made after the 
redemption within a reasonable time following the verification by the 
district director of a written itemized statement submitted by the 
purchaser. There is no specific time frame set for the purchaser to 
submit his claim after the redemption and after the expiration of the 
15-day period. We are examining the feasibility of establishing a 30-
day time limit within which a final claim for excess expenses must be 
submitted by the purchaser after the sale of the property. This will 
eliminate claims for reimbursement of expenses that may be submitted 
after redemption and sale of the property, where the liens were fully 
satisfied and released, and all surplus funds returned to the taxpayer.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: GL-520-87.
Drafting attorney: Robert A. Walker (202) 622-4208.
Reviewing attorney: Robert A. Miller (202) 622-3640.

Agency Contact: Robert A Walker, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-4208

RIN: 1545-AL20
_______________________________________________________________________

3417.  INTERIM FISHING VESSEL CAPITAL CONSTRUCTION FUND 
PROCEDURES

Legal Authority:  26 USC 7805; 26 USC 7518

CFR Citation:  26 CFR 3

Legal Deadline: None

Abstract: These regulations provide that expenditures for the 
acquisition and installation of fishing vessel safety equipment are 
treated as reconstruction expenditures for the purpose of withholding 
tax-deferred funds from a capital construction fund.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/94

Small Entities Affected: Businesses, Organizations

Government Levels Affected: Undetermined

Additional Information: PS-28-94
Drafting attorney: Jack Malgeri (202) 622-3040.
Reviewing attorney: Walter Woo (202) 622-3040.
Treasury attorney: Evelyn Elgin (202) 622-1338.

Agency Contact: Jack Malgeri, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3040

RIN: 1545-AS69
_______________________________________________________________________

3418. DEFINITION OF LIFE INSURANCE CONTRACT

Legal Authority:  26 USC 7805; 26 USC 7702

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide rules to define a life insurance 
contract under the Internal Revenue Code.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-107-87.
Drafting attorney: Ann H. Logan (202) 622-3970.
Reviewing attorney: Stephen D. Hooe (202) 622-3970.

Agency Contact: Ann H. Logan, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3970

RIN: 1545-AL08
_______________________________________________________________________

3419. CERTAIN PUBLICLY TRADED PARTNERSHIPS TREATED AS CORPORATIONS

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301; 26 CFR 1

Legal Deadline: None

Abstract: The regulations provide rules relating to the classification 
of publicly traded partnerships.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-13-88.
Drafting attorney: Ann Veninga (202) 622-3080.
Reviewing attorney: William P. O'Shea (202) 622-3070.

Agency Contact: Ann Veninga, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3080

RIN: 1545-AL57
_______________________________________________________________________

3420. INCOME TAX--PRESUMPTION OF JEOPARDY IN THE CASE OF ILLEGAL ACTIVITY 
CASH

Legal Authority:  26 USC 7805; 26 USC 6867

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The regulations would provide guidance for applying the 
presumptions that an amount of cash in excess of ten thousand dollars 
without an acknowledged owner (1) represents gross income to a single 
individual, (2) is taxable at the highest rate of tax specified in 
section 1, and (3) that collection of the tax is in jeopardy for the 
purposes of sections 6851 and 6881.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: GL-548-87.
Drafting attorney: Jerome D. Sekula (202) 622-3640.
Reviewing attorney: Robert A. Miller (202) 622-3640.

Agency Contact: Jerome D. Sekula, Docket Attorney (General Litigation), 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Ave. NW., Washington, DC 20224, 202 622-3640

RIN: 1545-AE30
_______________________________________________________________________

3421. RELEASE OF LIENS

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The regulation will provide guidance in obtaining the 
issuance of a certificate of release of a notice of federal tax lien.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: GL-547-87.
Drafting attorney: Kevin B. Connelly (202) 622-3640.
Reviewing attorney: Robert A. Miller (202) 622-3640.

Agency Contact: Kevin B. Connelly, Senior Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3640

RIN: 1545-AE82
_______________________________________________________________________

3422. PROCEDURE AND ADMINISTRATION REGULATIONS--PAYMENT OF TAXES BY CHECK 
OR MONEY ORDER AND LIABILITY OF FINANCIAL INSTITUTIONS FOR UNPAID TAXES

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The regulations will describe the circumstances under which 
taxpayers may pay taxes by check, money order or other guaranteed draft 
and the circumstances under which financial institutions on which such 
instruments are drawn may be liable for unpaid taxes.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: GL-549-87.
Drafting attorney: Robert A. Walker (202) 622-3640.
Reviewing attorney: Robert Miller (202) 622-3640.

Agency Contact: Robert A. Walker, Docket Attorney (General Litigation), 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Avenue NW., Washington, DC 20224, 202 622-3640

RIN: 1545-AI24
_______________________________________________________________________

3423. EXTENSION OF STATUTE OF LIMITATIONS IN JOHN DOE SUMMONS DISPUTES

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: Under the Tax Reform Act of 1986, statutes of limitations are 
suspended in certain cases in which there is no resolution of a third-
party recordkeeper's response to a summons. Section 7609(e)(2) was 
amended by the Technical and Miscellaneous Revenue Act of 1988 so that 
the suspension applies to all John Doe summonses, whether or not the 
summoned party is a third-party recordkeeper as defined in IRC section 
7609(a)(3). The new regulations will make changes to 26 CFR 301.7609 to 
conform with the 1986 and 1988 amendments.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: GL-723-88.
Drafting attorney: Jerome D. Sekula (202) 622-3640.
Reviewing attorney: Robert Miller (202) 622-3640.

Agency Contact: Jerome D. Sekula, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3640

RIN: 1545-AM67
_______________________________________________________________________

3424. SUSPENSION OF RUNNING OF PERIOD OF LIMITATIONS DURING PROCEEDING TO 
ENFORCE DESIGNATED SUMMONS

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The regulations will provide guidance to taxpayers with 
regard to the changes made to section 6503 by the Omnibus Budget 
Reconciliation Act of 1990. Under those changes, the period of 
limitations for assessment with respect to a corporation is suspended 
when a court proceeding is instituted to enforce or quash a designated 
summons or related summons issued within 30 days of the issuance of the 
designated summons.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: GL-804-90.
Drafting attorney: Jerome D. Sekula (202) 622-3640.
Reviewing attorney: Robert A. Miller (202) 622-3640.

Agency Contact: Jerome D. Sekula, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3640

RIN: 1545-AQ01
_______________________________________________________________________

3425. TECHNICAL CORRECTIONS FOR CHAPTER 14

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 25

Legal Deadline: None

Abstract: The regulation provides technical corrections applicable to 
the special valuation rules of the Generation Skipping Transfer Tax 
under sections 2701, 2702, 2703 and 2704 of the Code.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-8-93.
Drafting attorney: Dale Carlton (202) 622-3090.
Reviewing attorney: George Masnik (202) 622-3090.

Agency Contact: Dale Carlton, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3090

RIN: 1545-AR49
_______________________________________________________________________

3426. DISCLAIMER OF INTERESTS AND POWER

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 25

Legal Deadline: None

Abstract: These regulations contain amendments regarding the disclaimer 
of joint property.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-002-91
Drafting attorney: Dale Carlton (202) 622-3090.
Reviewing attorney: George Masnik (202) 622-3090.

Agency Contact: Dale Carlton, Department of the Treasury, Internal 
Revenue Service, 1111 Constitution Ave. NW., Washington, DC 20224, 202 
622-3090

RIN: 1545-AR52
_______________________________________________________________________

3427. MODIFICATION OF REGULATIONS RELATING TO NEGATIVE 481(A) ADJUSTMENTS

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Modification of IRC section 481(a) regulations relating 
negative adjustments in changes in methods of accounting.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-042-93
Drafting Attorney: Rosemary DeLeone (202) 622-4970.
Reviewing Attorney: Thomas Luxner (202) 622-4970.

Agency Contact: Rosemary Deleone, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-4970

RIN: 1545-AR79
_______________________________________________________________________

3428. STATEMENT OF PROCEDURAL RULES UPDATE

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 601

Legal Deadline: None

Abstract: Update Number 2 of The Statement of Procedural Rules

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/01/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-021-93
Drafting attorney: John Moran (202) 622-4940.
Reviewing attorney: George Bradley (202) 622-8104.

Agency Contact: John Moran, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-4940

RIN: 1545-AR87
_______________________________________________________________________

3429. AUTOMATIC EXTENSION OF TIME FOR FILING INDIVIDUAL TAX RETURNS

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1.6081-4

Legal Deadline: None

Abstract: The regulating describes how individual taxpayers for taxable 
year beginning.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/31/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-41-93
Drafting Attorney: Margaret Owens (202) 622-4940.
Reviewing Attorney: Norlyn Miller (202) 622-4940.

Agency Contact: Margaret Owens, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-4940

RIN: 1545-AS04
_______________________________________________________________________

3430. AUTOMATIC EXTENSION OF TIME FOR FILING INDIVIDUAL TAX RETURNS

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1.6081-4

Legal Deadline: None

Abstract: The regulation describes how individual taxpayer for taxable 
year beginning.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            10/31/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-41-93
Drafting Attorney: Margaret Owens (202) 622-4940.
Reviewing Attorney: Norlyn Miller (202) 622-4940.

Agency Contact: Margaret Owens, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-4940

RIN: 1545-AS05
_______________________________________________________________________

3431. LIABILITY OF THIRD PARTIES PAYING OR PROVIDING FOR WAGES, SUIT, AND 
ITS EXTENSION AND MAXIMUM AMOUNT RECOVERABLE

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The regulations would change the current period of 
limitations from 6 years to 10 years to conform this period with the 
change in the collection after assessment statute (IRC 6502) from 6 
years to 10 years made by the Revenue Reconciliation Act of 1990.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: GL-1053-93
Drafting attorney: Robert A. Walker (202) 622-4208.
Reviewing attorney: Robert A. Miller (202) 622-3640.

Agency Contact: Robert Miller, Docket Attorney(General Litigation), 
Department of the Treasury, Internal Revenue Service, 1111 Constituion 
Ave. NW., Washington, DC 20224, 202 622-3640

RIN: 1545-AS22
_______________________________________________________________________

3432. ARBITRAGE RESTRICTIONS ON TAX-EXEMPT BONDS

Legal Authority:  26 USC 7805; 26 USC 148(f); 26 USC 148(g); 26 USC 
148(i); 26 USC 149(d)(7)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This project clarifies and revises certain provisions of the 
final arbitrage regulations published in June 1993.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            00/00/00

Small Entities Affected: None

Government Levels Affected: State, Local

Additional Information: FI-71-94
Drafting Attorney: William P. Cejudo (202) 622-3980.
Treasury Attorney: Mitch Rapaport (202) 622-0871.

Agency Contact: William P. Cejudo, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3980

RIN: 1545-AS50
_______________________________________________________________________

3433. DISCLOSURE OF RETURN INFORMATION TO THE U.S. CUSTOMS SERVICE

Legal Authority:  26 USC 7805; PL 103-182, sec 522

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The proposed regulations specify the procedure by which 
return information may be disclosed to the U.S. Customs Service as 
authorized by section 6103(l)(14) of the Code and describe the 
conditions and restrictions on the use and redisclosure of that 
information. The regulations limit the return information to be 
disclosed to that relevant to the purpose authorized by the statute, 
i.e. ascertaining the correctness of entries in Customs audits and 
describe several aspects of this purpose to which requested return 
information may relate. The regulations also provide for Customs' use 
and redisclosure of the information to the extent necessary to collect 
amounts due and owing as a result of those audits. The regulations will 
result in some administrative costs to the IRS in retrieving the 
requested data and is expected to result in increased revenues through 
more effective enforcement of the Customs laws.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CC:EL:D-4083-94
Drafting attorney: Donald Squires (202) 622-4570.
Reviewing attorney: Joseph Urban (202) 622-4570.
Treasury attorney: Elizabeth Wagner (202) 622-1778.

Agency Contact: Donald Squires, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-4570

RIN: 1545-AS52
_______________________________________________________________________

3434. DISCLOSURE OF RETURN INFORMATION TO THE U.S. CUSTOMS SERVICE

Legal Authority:  26 USC 7805; PL 103-182, sec 522

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The proposed regulations specify the procedure by which 
return information may be disclosed to the U.S. Customs Service as 
authorized by section 6103(l)(14) of the Code and describe the 
conditions and restrictions on the use and redisclosure of that 
information. The regulations limit the return information to be 
disclosed to that relevant to the purpose authorized by the statute, 
i.e. ascertaining the correctness of entries in Customs audits and 
describe several aspects of this purpose to which requested return 
information may relate. The regulations also provide for Customs' use 
and redisclosure of the information to the extent necessary to collect 
amounts due and owing as a result of those audits. The regulations will 
result in some administrative costs to the IRS in retrieving the 
requested data and is expected to result in increased revenues through 
more effective enforcement of the Customs laws.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            10/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CC:EL:D-4083-94
Drafting attorney: Donald Squires (202) 622-4470.
Reviewing attorney: Joseph Urban (202) 622-4470.
Treasury attorney: Elizabeth Wagner (202) 622-1778.

Agency Contact: Donald Squires, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-4570

RIN: 1545-AS53
_______________________________________________________________________

3435.  MARITAL-SPECIFIC PORTION

Legal Authority:  PL 102-486

CFR Citation:  26 CFR 2056

Legal Deadline: None

Abstract: The regulation will provide guidance with respect to the 
definition of the term ``specific performance'' for purposes of 
sections 2056(b)(5), and (6), and (7)(B)(iv).

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-16-94
Drafting attorney: James F. Hogan (202) 622-3090.
Reviewing attorney: George Masnik (202) 622-3090.

Agency Contact: James F. Hogan, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3090

RIN: 1545-AS59
_______________________________________________________________________

3436.  SEALS OF OFFICE IN CONNECTION WITH IRC SECTION 7514

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The regulations would amend the available seals used by 
Internal Revenue districts.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: GL-038-93
Drafting Attorney: Robert A. Walker (202) 622-3640.
Reviewing Attorney: Robert A. Miller (202) 622-3640.

Agency Contact: Robert A. Walker, Docket Attorney (General Litigation), 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Ave. NW., Washington, DC 20224, 202 622-3640

RIN: 1545-AS61
_______________________________________________________________________

3437.  DEFINITION OF ``CLUB''

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Defines ``Club'' for purposes of the elimination of deduction 
for club membership fees.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/01/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-30-94
Drafting Attorney: Michael L. Gompertz (202) 622-4918.
Reviewer: John Coulter (202) 622-4910.

Agency Contact: Michael L. Gompertz, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-4910

RIN: 1545-AS71
_______________________________________________________________________

3438.  TREATMENT OF PASS-THROUGH ENTITIES UNDER SECTION 67

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Amends existing provisions of section 67 regulations 
regarding rule 12b-1 expenses.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            10/01/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA31-94
Drafting Attorney: Beverly Baughman (202) 622-4940.
Reviewing Attorney: George H. Bradley (202) 622-8104.

Agency Contact: George H. Bradley, Attorney-Adviser (Tax), Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-8104

RIN: 1545-AS72
_______________________________________________________________________

3439.  TREATMENT OF PASS-THROUGH ENTITIES UNDER SECTION 67

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Amends existing provisions of section 67 regulations 
regarding rule 12b-1 expenses.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/01/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-31-94
Drafting attorney: Beverly Baughman (202) 622-4940.
Reviewing attorney: George H. Bradley (202) 622-8104.

Agency Contact: George H. Bradley, Attorney-Adviser (Tax), Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-8104

RIN: 1545-AS73
_______________________________________________________________________

3440.  CLUB DUES UNDER SECTION 274

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposes amendments to existing regulations to eliminate 
deductions for club membership fees.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/31/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-17-94
Drafting Attorney: John Sapienza (202) 622-4920.
Reviewer: Robert Berkovsky (202) 622-4920.

Agency Contact: John Sapienza, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-4920

RIN: 1545-AS74
_______________________________________________________________________

3441.  HEDGING TRANSACTIONS BY MEMBERS OF CONSOLIDATED GROUPS

Legal Authority:  26 USC 7805; 26 USC 1502; 26 USC 6001

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Regulations relate to the character and timing of gain or 
loss hedging transactions entered into by members of a consolidated 
group.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/18/94                    59 FR 36394
NPRM Comment Period End         09/26/94                    59 FR 36394


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: FI-34-94
Drafting attorney: Jo Lynn Ricks (202) 622-3920.
Reviewing attorney: Mike Novey (202) 622-3267.
Treasury attorneys: David Weisbach (202) 622-1129 Mary Heath (202) 622-
0868.

Agency Contact: Jo Lynn Ricks, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington DC 
20224, 202 622-3920

RIN: 1545-AS75
_______________________________________________________________________

3442.  CREDIT FOR EMPLOYER SOCIAL SECURITY TAX PAID ON EMPLOYEE 
TIPS

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Section 45B of the Code describes a business tax credit for 
employer FICA (social security) taxes paid by food and beverage 
establishments on tip received by their employees. The temporary 
regulations clarify that the credit applies only to taxes paid on tips 
reported to the employer by its employees and that the credit is 
effective for employer FICA taxes paid after December 31, 1993 with 
respect to tips received for services performed after December 31, 
1993.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Agency Contact: Karin Loverud, Tax Law Specialist, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washingtong, DC 20224, 202 622-6060

RIN: 1545-AS90
_______________________________________________________________________

3443.  NONBANK TRUSTEE NET WORTH REQUIREMENTS

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This project will revise regulations that will provide rules 
for insuring adequacy of net worth for nonbank trustees.

Timetable: Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: EE-38-94
Drafting attorney: Judith E. Alden (202) 622-6030.
Reviewing attorney: Marjorie Hoffman (202) 622-6030.
Treasury attorney: Elizabeth Buchbinder (202) 622-1352.

Agency Contact: Judith E. Alden, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111Constiution Ave. NW., Washington, DC 
20224, 202 622-6030

RIN: 1545-AS92
_______________________________________________________________________

3444.  USER FEES

Legal Authority:  31 USC 9701

CFR Citation:  Not yet determined

Legal Deadline: None

Abstract: Rules relating to the imposition of user fees

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-39-94
Drafting attorney: Ruth Hoffman (202) 622-3130.
Reviewing attorney: Phil Howard (202) 622-3000.

Agency Contact: Ruth Hoffman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3130

RIN: 1545-AS84
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage
Internal Revenue Service (IRS)
  
_______________________________________________________________________
  
3445. MORTGAGE CREDIT CERTIFICATES

Legal Authority:  26 USC 7805; 26 USC 25

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide guidance on the issuance of 
mortgage credit certificates. Guidance will be provided with respect to 
the various eligibility requirements that mortgagors must satisfy as 
well as the various program requirements that issuers must satisfy.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/08/85                    50 FR 19383
NPRM Comment Period End         07/08/85                    50 FR 19383
Hearing                         08/14/85
Final Action                    00/00/00

Small Entities Affected: Governmental Jurisdictions

Government Levels Affected: State, Local, Federal

Additional Information: FI-245-84.
Drafting attorney: Harold N. Diamond (202) 622-3980.

Agency Contact: Harold N. Diamond, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3980

RIN: 1545-AH06
_______________________________________________________________________

3446. INCOME TAX--INFORMATION REPORTING FOR MORTGAGE CREDIT CERTIFICATES

Legal Authority:  26 USC 7805; 26 USC 25

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations would provide guidance to issuers of mortgage 
credit certificates relating to the information to be collected with 
respect to each recipient of a mortgage credit certificate. The 
regulations will also provide guidance regarding the time and manner of 
filing this information with the Internal Revenue Service.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/03/85                    50 FR 35572
NPRM Comment Period End         11/04/85
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: State, Local

Additional Information: FI-114-85.
Drafting attorney: Harold N. Diamond (202) 622-3980.
Reviewing attorney: Lon B. Smith (202) 622-3980.

Agency Contact: Harold N. Diamond, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3980

RIN: 1545-AI39
_______________________________________________________________________

3447. REISSUANCE OF MORTGAGE CREDIT CERTIFICATES (CROSS-REFERENCE TO 
TEMPORARY REGULATIONS)

Legal Authority:  26 USC 7805; 26 USC 25(e)(4)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation is a cross-reference to temporary regulations 
(RIN 1545-AR57) which provides guidance to issuers and holders of 
mortgage credit certificates on the reissuance of mortgage credit 
certificates.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/22/93                    58 FR 67744
Final Action                    12/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-47-92.
Drafting Attorney: L. Michael Wachtel (202) 622-3980.

Agency Contact: L. Michael Wachtel, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3980

RIN: 1545-AR76
_______________________________________________________________________

3448. MORTGAGE CREDIT CERTIFICATES IN TARGETED AREAS

Legal Authority:  26 USC 25(c)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The percentage of mortgage originations required by section 
1.25-4T(g) (8 percent) was predicated on the 1:5 trade-in rate 
contained in former section 25(c) of the Code. To accommodate the new 
1:4 rate contained in section 25(c), section 1.25-4T(g) will be 
amended.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            00/00/00

Small Entities Affected: Governmental Jurisdictions

Government Levels Affected: State, Local

Additional Information: FI-068-89.
Drafting attorney: Harold Diamond (202) 622-3980.

Agency Contact: Harold Diamond, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3980

RIN: 1545-AN93
_______________________________________________________________________

3449. LOW-INCOME HOUSING CREDIT ALLOCATION RULES AND INFORMATION 
REPORTING REQUIREMENTS

Legal Authority:  26 USC 7805; 26 USC 42

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations provide rules for low income housing credit 
under section 42 of the Code.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/22/87                    52 FR 23471
NPRM Comment Period End         08/21/87                    52 FR 23471
Hearing                         11/09/87


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-83-86.
Drafting attorney: Jeffrey A. Erickson (202) 622-3040.
Reviewing attorney: James F. Ranson (202) 622-3040.
Treasury attorney: Mitch Rapaport (202) 622-0871.

Agency Contact: Jeffrey A. Erickson, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3040

RIN: 1545-AJ65
_______________________________________________________________________

3450. SPECIAL RULES TO AVOID SUBSTANTIAL DISTORTION FOR RECOVERY OF BASIS 
ON A CONTINGENT SALE

Legal Authority:  26 USC 7805; 26 USC 453

CFR Citation:  26 CFR 15a

Legal Deadline: None

Abstract: Regulations will clarify that the Internal Revenue Service 
may require an alternative method of basis recovery in the event that 
the general rules of section 15a.453-(1)(c) substantially and 
inappropriately defer recovery of basis.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-071-90.
Drafting attorney: George Kelley (202) 622-4910.
Reviewing attorney: Mike Montemurro (202) 622-4910.

Agency Contact: George Kelley, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-4910

RIN: 1545-AP41
_______________________________________________________________________

3451. STATE HOUSING CREDIT CEILING AND OTHER RULES RELATING TO THE LOW-
INCOME HOUSING CREDIT

Legal Authority:  26 USC 7805; 26 USC 42

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations provide certain definitions and rules for 
determining the order in which housing credit dollar amounts are 
allocated under section 42(h)(3). These regulations also provide 
certain definitions and rules for determining which states qualify for 
an allocation of credit under section 42(h)(3)(D).

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/29/93                    58 FR 68799
Final Action                    10/30/94

Small Entities Affected: None

Government Levels Affected: State, Local

Additional Information: PS-106-91.
Drafting attorney: Christopher J. Wilson (202) 622-3040.
Reviewing attorney: James Ranson (202) 622-3040.

Agency Contact: Christopher J. Wilson, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3040

RIN: 1545-AQ41
_______________________________________________________________________

3452. RULES TO CARRY OUT THE PURPOSES OF SECTION 42 AND FOR CORRECTING 
ADMINISTRATIVE ERRORS AND OMISSIONS

Legal Authority:  26 USC 7805; 26 USC 42

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation allows state and local housing credit agencies 
an opportunity to correct administrative errors and omissions. The 
regulation also allows the secretary to provide guidance necessary or 
appropriate to carry out the purposes of section 42.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/04/93                       58 FR 44
Hearing                         04/05/93                       58 FR 47
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-50-92.
Drafting attorney: Jeffrey A. Erickson (202) 622-3040.
Reviewing attorney: James F. Ranson (202) 622-3040.
Treasury attorney: Mitch Rapaport (202) 622-0871.

Agency Contact: Jeffrey A. Erickson, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3040

RIN: 1545-AR46
_______________________________________________________________________

3453. INCOME TAX--SPECIAL RULES ADDED BY SEC 223(C) OF CRUDE OIL WINDFALL 
PROFIT TAX ACT 1980, RELATING TO REDUCTION OF CREDIT WHERE PROPERTY IS 
FINANCED BY SUBSIDIZED, ETC

Legal Authority:  26 USC 7805; 26 USC 48 (l)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide that subsidized energy financing 
and proceeds of exempt industrial development bonds used to finance a 
facility reduce the qualified investment in the energy property 
contained in that facility for purposes of determining the amount of 
the energy tax credit.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/26/82                    47 FR 03559
NPRM Comment Period End         03/20/82                    47 FR 03559
Hearing                         06/03/82


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-176-80.
Drafting attorney: Winston H. Douglas (202) 622-3110.
Reviewing attorney: Susan Reaman (202) 622-3110.

Agency Contact: Winston H. Douglas, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3110

RIN: 1545-AA26
_______________________________________________________________________

3454. ALTERNATIVE MINIMUM TAX FOR INDIVIDUALS

Legal Authority:  26 USC 7805; 26 USC 55

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Provide guidance on the computation of alternative minimum 
taxable income for individuals with respect to items that are 
determined by reference to adjusted gross income.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/18/94                    59 FR 12880
Hearing                         03/18/94                    59 FR 12880


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-4-94
Drafting attorney: Kelly Berg (202) 622-4960.
Reviewing attorney: Bill Jackson (202) 622-4960.

Agency Contact: Kelly Berg, Department of the Treasury, Internal 
Revenue Service, 1111 Constitution Ave. NW., Washington, DC 20224, 202 
622-4960

RIN: 1545-AS44
_______________________________________________________________________

3455. ALTERNATIVE MINIMUM TAX FOR INDIVIDUALS (TEMP.)

Legal Authority:  26 USC 7805; 26 USC 55

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Provide guidance on the computation of alternative minimum 
taxable income for individuals with respect to items that are 
determined by reference to adjusted gross income.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            04/15/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-4-94
Drafting attorney: Kelly Berg (202) 622-4960.
Reviewing attorney: Bill Jackson (202) 622-4960.

Agency Contact: Kelly Berg, Department of the Treasury, Internal 
Revenue Service, 1111 Constitution Ave. NW., Washington, DC 20224, 202 
622-4960

RIN: 1545-AS45
_______________________________________________________________________

3456. TAXATION OF FRINGE BENEFITS

Legal Authority:  26 USC 7805; 26 USC 61

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation would amend section 1.61-21(d)(3)(ii) which 
concerns the valuation of employer-paid fuel.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/09/92                    57 FR 46525
NPRM Comment Period End         11/09/92                    57 FR 46525
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-101-91.
Drafting attorney: Dean Morley (202) 622-6040.
Reviewing attorney: Jerry Holmes (202) 622-6040.
Treasury attorney: Unassigned

Agency Contact: Dean Morely, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-6040

RIN: 1545-AQ28
_______________________________________________________________________

3457. 2-PERCENT FLOOR ON MISCELLANEOUS ITEMIZED DEDUCTIONS

Legal Authority:  26 USC 7805; 26 USC 67 (c)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations would provide guidance regarding the 
miscellaneous itemized deductions that are subject to the 2-percent 
floor and provide expense allocation rules for regulated investment 
companies and REMICs.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/28/88                     53 FR 9951
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-97-86.
Drafting attorney: Beverly A. Baughman (202) 622-4940.
Reviewing attorney: George B. Baker (202) 622-4920.

Agency Contact: Beverly A. Baughman, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-4940

RIN: 1545-AJ49
_______________________________________________________________________

3458. NOTICE OF ALLOCATION OF ALLOCABLE INVESTMENT EXPENSE

Legal Authority:  26 USC 7805; 26 USC 67

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This proposed regulation would provide that issuers of 
single-class REMICS furnish notice to interest holders in the manner 
generally provided for REMICS in section 1.6049-7 of the regulations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/02/92                    57 FR 40378
Final Action                    06/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-61-91.
Drafting attorney: Carol E. Schultze (202) 622-3960.

Agency Contact: Carol E. Schultz, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3960

RIN: 1545-AQ82
_______________________________________________________________________

3459. TREATMENT OF TRANSFER OF PROPERTY BETWEEN SPOUSES, TAX TREATMENT OF 
ALIMONY AND SEPARATE MAINTENANCE PAYMENTS, AND DEPENDENCY EXEMPTION IN 
THE CASE OF CHILD OF DIVORCED PARENTS

Legal Authority:  26 USC 7805; 26 USC 71; 26 USC 215; 26 USC 1041; 26 
USC 152

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide guidance to assist taxpayers in 
determining whether alimony and separate maintenance payments are 
deductible from income by the payor and includible in income by the 
payee, whether property transferred between spouses or between spouses 
incident to divorce has a carryover basis and whether the custodial or 
noncustodial parent is entitled to the dependency exemption.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/31/84                    49 FR 34528
NPRM Comment Period End         10/20/84                    49 FR 34528
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-153-84.
Drafting attorney: Edward C. Schwartz (202) 622-4960.
Reviewing attorney: Stephen J. Toomey (202) 622-4960.

Agency Contact: Edward C. Schwartz, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-4960

RIN: 1545-AI49
_______________________________________________________________________

3460. NONDISCRIMINATION RULES FOR NON-PENSION EMPLOYEE BENEFIT PLANS

Legal Authority:  26 USC 7805; 26 USC 89; 26 USC 125

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide the following: an explanation 
of the eligibility, benefits and alternative tests contained in section 
89; an explanation as to which plans are subject to section 89 
requirements; and rules concerning how the requirements will be applied 
in actual operation. Also, these regulations will provide additional 
guidance for cafeteria plans under section 125.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/07/89                     54 FR 9460
Final Action                    00/00/00

Small Entities Affected: Businesses, Governmental Jurisdictions, 
Organizations

Government Levels Affected: State, Local, Federal

Additional Information: EE-174-86.
Drafting attorney: David Munroe/Felix Zech (202) 622-6080.
Reviewing attorney: Nancy Marks (202) 622-6000.

Agency Contact: David Munroe/Felix Zech, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-6080

RIN: 1545-AI78
_______________________________________________________________________

3461. THE TREATMENT OF ACCELERATED DEATH BENEFITS UNDER SECTIONS 101, 
7702 AND 7702A OF THE INTERNAL REVENUE CODE

Legal Authority:  26 USC 7805; 26 USC 101(a); 26 USC 7702; 26 USC 7702A

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide rules regarding whether 
accelerated death benefits paid under a life insurance contract are 
excludable from income under section 101(a) of the Internal Revenue 
Code. The regulations will provide the rules regarding the treatment of 
accelerated death benefits under sections 7702 and 7702A of the Code.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/15/92                    57 FR 59319
NPRM Comment Period End         02/26/93                    57 FR 59324
Hearing                         03/19/93                    57 FR 59324


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-25-92.
Drafting attorney: Ann H. Logan (202) 622-3970.
Reviewing attorney: Stephen D. Hooe (202) 622-3970.

Agency Contact: Ann H. Logan, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3970

RIN: 1545-AQ70
_______________________________________________________________________

3462. INCOME TAX--EXEMPTION FOR INDUSTRIAL DEVELOPMENT BONDS FOR WATER 
FACILITIES

Legal Authority:  26 USC 7805; 26 USC 142 (e)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation would provide guidance to determine the rules 
under which facilities for furnishing water to members of the general 
public can be financed with tax-exempt industrial development bonds 
under section 142 (e) of the Internal Revenue Code of l986.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/22/84                    49 FR 33283
NPRM Comment Period End         10/22/84                    49 FR 33283
Hearing                         01/30/85                    49 FR 45449


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: FI-190-78.
Drafting attorney: L. Michael Wachtel (202) 622-3980.
Reviewing attorney: Lon Smith (202) 622-3980.
Treasury attorney: Mitch Rappaport (202) 622-0871.

Agency Contact: L. Michael Wachtel, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3980

RIN: 1545-AA49
_______________________________________________________________________

3463. INCOME TAX--TO DEFINE THE TERM ``PRINCIPAL USER OF A FACILITY''

Legal Authority:  26 USC 7805; 26 USC 144 (a)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation would define the meaning of the term 
``principal user of a facility'' for purposes of applying the 
limitation set by the Internal Revenue Code upon the permissible size 
of a small issue of tax-exempt bonds, as diminished by certain other 
capital expenditures. This regulation would help identify other 
facilities the capital expenditures from which must be taken into 
account in determining whether that issue exceeds the small issue 
limitation.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            02/21/86                     51 FR 6274
NPRM Comment Period End         04/22/86                     51 FR 6274
Hearing                         06/04/86                     51 FR 6273


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: FI-59-74.
Drafting attorney: David E. White (202) 622-3980.
Treasury attorney: Mitch Rappaport (202) 622-0871.

Agency Contact: David E. White, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3980

RIN: 1545-AA56
_______________________________________________________________________

3464. INCOME TAX--MORTGAGE SUBSIDY BONDS

Legal Authority:  26 USC 7805; 26 USC 103

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations would provide rules which interpret the 
provisions of section 103A, relating to Mortgage Subsidy Bonds. 
Mortgage Subsidy Bonds are any obligations a significant portion of the 
proceeds of which are used to provide financing for owner-occupied 
residences.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM - Previous                 07/01/81                    46 FR 34348
Hearing                         11/05/81
NPRM                            11/10/81                    46 FR 55513
NPRM Comment Period End         01/09/82                    46 FR 55513


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: FI-10-81.
Drafting attorney: Suzanne Reynolds (202) 622-3980.

Agency Contact: Suzanne Reynolds, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3980

RIN: 1545-AA63
_______________________________________________________________________

3465. REQUIRING CERTAIN DEBT OBLIGATIONS TO BE ISSUED IN REGISTERED FORM

Legal Authority:  26 USC 7805; 26 USC 149 (a); 26 USC 163 (f)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The rules will provide that certain debt obligations issued 
after December 31, 1982, must be in registered form. The rules will 
provide examples of certain obligations that are not subject to the 
registration requirements. The sanctions for not issuing an obligation 
in registered form are the denial of an interest deduction, loss of 
capital gains treatment, loss of an earnings and profits adjustment, 
and loss of tax-exempt interest status.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/15/82                    47 FR 51414
NPRM Comment Period End         01/14/83                    47 FR 51414
Hearing                         01/25/83                    47 FR 51414
Final Action                    00/00/00

Small Entities Affected: Businesses, Governmental Jurisdictions, 
Organizations

Government Levels Affected: State, Local, Federal

Additional Information: FI-255-82.
Drafting attorney: Dianne O. Umberger (202) 622-3960.
Reviewing attorney: Alice Bennett (202) 622-3950.

Agency Contact: Dianne O. Umberger, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3960

RIN: 1545-AE18
_______________________________________________________________________

3466. SECTIONS 103(K) AND (L)--RELATING TO PUBLIC APPROVAL AND 
INFORMATION REPORTING REQUIREMENTS FOR PRIVATE ACTIVITY BONDS

Legal Authority:  26 USC 7805; 26 USC 103

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposal will clarify the information reporting 
requirements with respect to private activity bonds. Industrial 
development bonds must be publicly approved--failure to fulfill this 
requirement results in loss of tax exemption for the interest on these 
bonds. Issuers of student loan bonds, charitable use bonds and 
industrial development bonds are required to supply certain information 
to the Internal Revenue Service. Failure to comply with this 
requirement will result in the loss of tax exemption for the bond's 
interest.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/11/83                    48 FR 21166
NPRM Comment Period End         07/11/83                    48 FR 21166
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: FI-221-82.
Drafting attorney: Suzanne Reynolds (202) 622-3980.
Reviewing attorney: Lon B. Smith (202) 622-3980.

Agency Contact: Suzanne Reynolds, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3980

RIN: 1545-AE24
_______________________________________________________________________

3467. $40 MILLION SMALL ISSUE LIMIT ON TAX-EXEMPT BONDS PER TAXPAYER

Legal Authority:  26 USC 7805; 26 USC 144(a)(10)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations would provide guidance regarding the 
circumstances under which a bond is not treated as a qualified small 
issue bond if any test period beneficiary of the bond has more than $40 
million of tax-exempt financing. These regulations would also provide 
guidance regarding how the proceeds of an issue of industrial 
development bonds are to be allocated among its beneficiaries.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            02/21/86                     51 FR 6270
NPRM Comment Period End         04/22/86                     51 FR 6270
Hearing                         06/04/86                     51 FR 6273


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: FI-157-84.
Drafting attorney: Dave E. White (202) 622-3980.
Treasury attorney: Mitch Rappaport (202) 622-0871.

Agency Contact: David E. White, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3980

RIN: 1545-AH19
_______________________________________________________________________

3468. TAX EXEMPTION OF OBLIGATIONS TO FINANCE MIXED-USE RESIDENTIAL 
RENTAL PROPERTY

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will clarify the rule relating to obligations 
to provide residential rented property. The regulations will make clear 
that a residential rental project can consist in part of non-
residential rental property.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/07/85                    50 FR 46303
NPRM Comment Period End         01/06/86
Hearing                         02/10/86                     51 FR 1392


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: FI-269-84.
Drafting attorney: L. Michael Wachtel (202) 622-3980.
Reviewing attorney: Lon Smith (202) 622-3980.

Agency Contact: L. Michael Wachtel, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3980

RIN: 1545-AH68
_______________________________________________________________________

3469. EXCLUSION OF QUALIFIED SCHOLARSHIPS AND FELLOWSHIPS FROM GROSS 
INCOME

Legal Authority:  26 USC 7805; 26 USC 117

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Regulations will provide rules relating to the exclusion of 
certain amounts received as a qualified scholarship. Regulations will 
also provide rules relating to withholding from certain payments and 
return of information requirements.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/09/88                    53 FR 21688
Final Action                    07/15/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-3-87.
Drafting attorney: Kelly Richardson Berg (202) 622-4960.
Reviewing attorney: William Jackson (202) 622-4960.

Agency Contact: Kelly Richardson Berg, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution NW., Washington, 
DC 20224, 202 622-4960

RIN: 1545-AJ87
_______________________________________________________________________

3470. INCOME TAX--TAX TREATMENT OF CAFETERIA PLANS

Legal Authority:  26 USC 7805; 26 USC 125

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations establish rules for the tax treatment of 
cafeteria plans meeting certain nondiscrimination standards. A 
cafeteria plan permits participating employees to select the particular 
fringe benefits desired from a package of employer-provided benefits 
which include statutory nontaxable benefits and cash.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/31/84                    49 FR 50733
NPRM Comment Period End         01/30/85
Hearing                         03/11/85
NPRM                            03/07/89                     54 FR 9500
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-16-79.
Drafting attorney: Felix Zech (202) 622-6080.
Reviewing attorney: Harry Beker (202) 622-6080.
Treasury attorney: Elizabeth Buchbinder (202)622-1352.

Agency Contact: Felix Zech, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-6080

RIN: 1545-AD63
_______________________________________________________________________

3471. INCOME TAX--EXCLUSION FROM INCOME OF CERTAIN COST-SHARING PAYMENTS 
UNDER GOVERNMENT PROGRAMS

Legal Authority:  26 USC 7805; 26 USC 126; 26 USC 1255

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide rules on the exclusion from 
gross income of certain cost-sharing payments made by the Department of 
Agriculture and State governments to taxpayers for purposes of 
conservation, reclamation or restoration and on the amount recaptured 
when the property improved with the excluded income is sold within a 
certain specified period of time.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/21/81                    46 FR 27723
NPRM Comment Period End         07/20/81                    46 FR 27723
Hearing                         12/01/81                    46 FR 50808
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-222-78.
Drafting attorney: A. Michael Santoro, Jr. (202) 622-3120.
Reviewing attorney: Emil O. Muhs, Jr. (202) 622-3120.

Agency Contact: A. Michael Santoro, Jr., Tax Law Specialist, Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3120

RIN: 1545-AA73
_______________________________________________________________________

3472. INCOME TAX--PART I EXCLUSION FROM GROSS INCOME FOR CERTAIN FOSTER 
CARE PAYMENTS

Legal Authority:  26 USC 7805; 26 USC 131

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation project will explain what foster care 
payments a foster care provider may exclude from gross income.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            02/01/85                     50 FR 4702
NPRM Comment Period End         04/02/85                     50 FR 4702
Hearing                         06/25/85
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-83-83.
Drafting attorney: Victoria J. Driscoll (202) 622-4910.
Reviewing attorney: John Coulter (202) 622-4910.

Agency Contact: Victoria J. Driscoll, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-4910

RIN: 1545-AF52
_______________________________________________________________________

3473. EXEMPT SEWAGE FACILITIES

Legal Authority:  26 USC 7805; 26 USC 142

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposed regulation will define sewage facilities under 
section 142(a)(5).

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/03/94                    59 FR 22773
Hearing                         07/26/94                    59 FR 22773


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-34-93
Drafting attorney: Joanne E. Johnson (202) 622-3110.
Reviewing attorney: Susan Reaman (202) 622-3110.
Treasury attorney: Mitch Rapaport (202) 622-0871.

Agency Contact: Joanne E. Johnson, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3110

RIN: 1545-AR64
_______________________________________________________________________

3474. LOBBYING EXPENSE DEDUCTIONS--DUES

Legal Authority:  26 USC 162; 26 USC 7805

CFR Citation:  26 CFR 1.162(e)

Legal Deadline: None

Abstract: The regulations provide guidance with respect to the 
deductibility of dues paid to certain exempt organizations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/27/93                    58 FR 68334
Hearing                         04/07/94                    58 FR 68334
Final Action                    12/31/95

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-60-93
Drafting Attorney: James Guiry (202) 622-4920.
Reviewing Attorney: George Baker (202) 622-4920.

Agency Contact: James Guiry, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-4920

RIN: 1545-AS18
_______________________________________________________________________

3475. DENIAL OF DEDUCTION FOR EXPENDITURES ATTRIBUTABLE TO LOBBYING, 
POLITICAL CAMPAIGNS, ETC

Legal Authority:  26 USC 162; 26 USC 7805

CFR Citation:  26 CFR 1.162(e)

Legal Deadline: None

Abstract: The regulations provide guidance for taxpayers with respect 
to the income tax consequences of expenditures for lobbying and other 
political activities.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/27/93                    58 FR 68330
Hearing                         04/06/94                    58 FR 68330
Final Action                    12/31/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-57-93
Drafting Attorney: James M. Guiry (202) 622-4920.
Reviewing Attorney: George Baker (202) 622-4920.

Agency Contact: James M. Guiry, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-4920

RIN: 1545-AS26
_______________________________________________________________________

3476. CONTINUATION COVERAGE REQUIREMENTS OF GROUP HEALTH PLANS

Legal Authority:  26 USC 7805; 26 USC 106(b); 26 USC 162(i)(2); 26 USC 
162(k); 26 USC 4980B

CFR Citation:  26 CFR 1; 26 CFR 54

Legal Deadline: None

Abstract: These regulations will provide guidance relating to the 
requirement that a group health plan provide continuation coverage to 
individuals who would otherwise lose coverage as a result of certain 
events.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/15/87                    52 FR 22716
NPRM Comment Period End         08/14/87                    52 FR 22716
Hearing                         11/04/87
Final Action                    12/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-143-86.
Drafting attorney: Russell Weinheimer (202) 622-6060.
Review attorney: Mark Schwimmer (202) 622-6060.
Treasury attorney: Catherine Creech (202) 622-2674.

Agency Contact: Russell Weinheimer, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-6060

RIN: 1545-AI93
_______________________________________________________________________

3477. INCOME TAX--LIMITATIONS ON DEDUCTIONS FOR NONBUSINESS INTEREST

Legal Authority:  26 USC 7805; 26 USC 163

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide guidance relating to the 
disallowance of a deduction for personal interest, including guidance 
regarding the definitions of qualified residence, qualified residence 
interest and qualified indebtedness.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/22/87                    52 FR 48452


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-137-86.
Drafting attorney: Sharon L. Hall (202) 622-4930.
Reviewing attorney: Kelly Alton (202) 622-4880.

Agency Contact: Sharon L. Hall, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-4930

RIN: 1545-AK17
_______________________________________________________________________

3478. EARNINGS STRIPPING PAYMENTS

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation addresses the deductibility of interest under 
section 163 being limited when paid by a corporation to related persons 
not subject to U.S. tax.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/18/91                    56 FR 27907
Hearing                         09/25/91                    56 FR 27927
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-870-89.
Drafting attorney: Jacob Feldman (202) 622-3870.
Reviewing attorney: Jeffrey L. Dorfman (202) 622-3870.
Treasury attorney: Peter Marrs (202) 622-0724.

Agency Contact: Jacob Feldman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3870

RIN: 1545-AO24
_______________________________________________________________________

3479. INCOME TAX--TAX STRADDLES RELATING TO SECTION 108 OF THE TAX REFORM 
ACT OF 1984

Legal Authority:  26 USC 7805; 26 USC 165

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide rules under section 108 of the 
Tax Reform Act of 1984 and section 1808 (d) of the Tax Reform Act of 
1986, relating to the treatment of certain losses on straddles entered 
into before the effective date of the Economic Recovery Tax Act of 
1981.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/23/84                    49 FR 33458
NPRM Comment Period End         10/22/84                    49 FR 33458
Hearing                         11/29/84
Final Action                    12/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-147-84.
Drafting attorney: Robert B. Williams (202) 622-3960.
Reviewing attorney: Alice A. Bennett (202) 622-3950.

Agency Contact: Robert B. Williams, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3960

RIN: 1545-AG57
_______________________________________________________________________

3480. SECTION 165

Legal Authority:  26 USC 7805; 26 USC 165(f)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation project will finalize all outstanding 
proposed and temporary regulations under section 1.165-5.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/21/93                     58 FR 5316
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-115-90.
Drafting attorney: Carl M. Cooper (202) 622-3840.
Reviewing attorney: Phyllis E. Marcus (202) 622-3840.
Treasury attorney: Unassigned.

Agency Contact: Carl M. Cooper, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3840

RIN: 1545-AP33
_______________________________________________________________________

3481. BANK BAD DEBTS--CONCLUSIVE PRESUMPTION

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation project will make minor substantive changes 
to section 1.66-2(d)(3) of the Income Tax Regulations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/02/92                    57 FR 45587
Final Action                    10/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-49-92.
Drafting attorney: Craig Wojay (202) 622-3018.
Reviewing attorney: Al Kraft (202) 622-3097.
Treasury attorney: Eve Elgin (202) 622-1338.

Agency Contact: Craig Wojay, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3018

RIN: 1545-AR02
_______________________________________________________________________

3482. INCOME TAX--ACCELERATED COST RECOVERY SYSTEM

Legal Authority:  26 USC 7805; 26 USC 168; 26 USC 179; 26 USC 1245; 26 
USC 453; 26 USC 167; 26 USC 1250; 26 USC 57(a)(12); 26 USC 312(k); 26 
USC 172(b); 26 USC 812(b); 26 USC 46(b); 26 USC 53(c); 26 USC 381(c)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: To provide regulations under section 168 and accompanying 
provisions clarifying the operation of the accelerated cost recovery 
scheme. This cost recovery system generally applies to property placed 
in service after December 31, 1980. Generally, section 168 applies to 
``recovery property'' which is defined as tangible property of a 
character subject to the allowance for depreciation which is used in a 
trade or business, or held for the production of income.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            02/16/84                     49 FR 5940
NPRM Comment Period End         05/16/84                     49 FR 5940
Hearing                         05/21/84


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-185-81.
Drafting attorney: Mark Pitzer (202) 622-3110.
Reviewing attorney: Charles Ramsey (202) 622-3110.
Treasury attorney: Barksdale Penick (202) 622-1335.

Agency Contact: Mark Pitzer, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3110

RIN: 1545-AA87
_______________________________________________________________________

3483. TAX-EXEMPT ENTITY LEASING

Legal Authority:  26 USC 7805; 26 USC 168

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations provide rules concerning tax-exempt entity 
leasing and service contracts.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/02/85                    50 FR 27297
NPRM Comment Period End         09/03/85                    50 FR 27297
Hearing                         11/25/85


Next Action Undetermined

Small Entities Affected: Businesses, Governmental Jurisdictions, 
Organizations

Government Levels Affected: State, Local, Federal

Additional Information: IA-31-85.
Drafting attorney: Edward C. Schwartz (202) 622-4960.
Reviewing attorney: Stephen J. Toomey (202) 622-4960.

Agency Contact: Edward C. Schwartz, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-4960

RIN: 1545-AH76
_______________________________________________________________________

3484. GENERAL ASSET ACCOUNTS UNDER THE ACCELERATED COST RECOVERY SYSTEM

Legal Authority:  26 USC 7805; 26 USC 168

CFR Citation:  26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: The regulation will provide rules relating to the treatment 
of General Asset Accounts under the Accelerated Cost Recovery System.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/31/92                    57 FR 39374
NPRM Comment Period End         10/15/92
Hearing                         11/04/92
Final Action                    10/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-055-89.
Drafting attorney: Kathleen Reed (202) 622-3110.
Reviewing attorney: Susan Reaman (202) 622-3110.
Treasury attorney: P. Val Strehlow (202) 622-0869.

Agency Contact: Kathleen Reed, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3110

RIN: 1545-AN82
_______________________________________________________________________

3485. SUBSTANTIATION OF CONTRIBUTIONS MADE BY PAYROLL DEDUCTION

Legal Authority:  26 USC 7805; 26 USC 170

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Provides guidance regarding the substantiation of charitable 
contributions made through payroll deduction in accordance with section 
13172 of the Omnibus Budget Reconciliation Act of 1993.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/27/94                    59 FR 27515
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: IA-74-93
Drafting Attorney: Joel Rutstein (202) 622-4930.
Reviewing Attorney: Karin Gross (202) 622-4930.

Agency Contact: Joel Rutstein, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-4930

RIN: 1545-AS27
_______________________________________________________________________

3486. DEFINITION OF RESEARCH AND EXPERIMENTAL EXPENDITURES UNDER SECTION 
174 OF THE CODE

Legal Authority:  26 USC 7805(a)

CFR Citation:  26 CFR 1.174-2; 26 CFR 1

Legal Deadline: None

Abstract: The regulations clarify the definition of ``research or 
experimental expenditures'' under section 174 of the Internal Revenue 
Code. The regulations also provide a rule interpreting the 
reasonableness requirement of section 174(e).

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Hearing                         12/05/89                    54 FR 37947
NPRM                            03/24/93                    58 FR 15819
NPRM Comment Period End         05/28/93                    58 FR 15819
Final Action                    00/00/00

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: PS-002-89.
Drafting attorney: Lisa Shuman (2020) 622-3120.
Reviewing attorney: Christine Ellison (202) 622-3120.
Treasury attorney: Michael Schultz (202) 622-1343.

Agency Contact: Lisa Shuman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3120

RIN: 1545-AM92
_______________________________________________________________________

3487. DIVIDENDS RECEIVED DEDUCTION--HOLDING PERIOD REDUCED FOR PERIODS 
WHERE RISK OF LOSS IS DIMINISHED

Legal Authority:  26 USC 7805; 26 USC 246(c); 26 USC 1092(d)(3)(B)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations determining when a taxpayer must reduce 
its holding period of stock for purposes of the dividends received 
deduction because it has diminished its risk of loss by holding a 
position in substantially similar or related property. Proposed 
regulations relating to tax straddles involving stock and substantially 
similar or related property.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/27/93                    58 FR 30727
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: FI-22-92.
Drafting attorney: Nicholas G. Bogos (202) 622-3920.
Reviewing attorney: William Coppersmith (202) 622-3920.
Treasury attorney: David Weisbach (202) 622-1129.

Agency Contact: Nicholas G. Bogas, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3920

RIN: 1545-AR10
_______________________________________________________________________

3488. PRODUCED PROPERTY

Legal Authority:  26 USC 7805; 26 USC 263A

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These rules provide guidance regarding the capitalization of 
costs associated with produced property.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           03/30/87                    52 FR 10118
ANPRM Comment Period End        05/29/87                    52 FR 10118
Hearing                         12/08/87


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-63-91.
Drafting attorney: Ellen McElroy (202) 622-4950.
Reviewing attorney: Tom Luxner (202) 622-4970.

Agency Contact: Ellen McElroy, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-4950

RIN: 1545-AQ89
_______________________________________________________________________

3489. RESELLERS

Legal Authority:  26 USC 7805; 26 USC 263A

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These rules provide guidance for resellers subject to the 
uniform capitalization rules.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           03/30/87                    52 FR 10118
ANPRM Comment Period End        05/29/87                    52 FR 10118
Hearing                         12/08/87
NPRM                            08/09/93                    58 FR 42263
Final Action                    10/01/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-64-91.
Drafting attorney: Ellen McElroy (202) 622-4950.
Reviewing attorney: Tom Luxner (202) 622-4970.

Agency Contact: Ellen McElroy, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-4950

RIN: 1545-AQ90
_______________________________________________________________________

3490. FARMERS

Legal Authority:  26 USC 7805; 26 USC 263A

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The rules provide general rules regarding the application of 
the uniform capitalization rules to taxpayers engaged in farming.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-65-91.
Drafting attorney: Merrill Feldstein (202) 622-4960.
Reviewing attorney: Tom Luxner (202) 622-4970.

Agency Contact: Merrill Feldstein, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-4960

RIN: 1545-AQ91
_______________________________________________________________________

3491. CREATIVE PROPERTY

Legal Authority:  26 USC 7805; 26 USC 263A

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The rules provide general rules regarding the application of 
the uniform capitalization rules to creative properties.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-66-91.
Drafting attorney: Merrill Feldstein (202) 622-4960.
Reviewing attorney: Tom Luxner (202) 622-4970.

Agency Contact: Merrill Feldstein, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-4960

RIN: 1545-AQ92
_______________________________________________________________________

3492. FOREIGN TAXPAYERS

Legal Authority:  26 USC 7805; 26 USC 263A

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These rules provide guidance regarding the application of the 
uniform capitalization rules to foreign taxpayers.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           03/30/87                    52 FR 10118
ANPRM Comment Period End        05/29/87                    52 FR 10118
Hearing                         12/08/87


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-67-91.
Drafting attorney: Ellen McElroy (202) 622-4950.
Reviewing attorney: Tom Luxner (202) 622-4970.

Agency Contact: Ellen McElroy, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-4950

RIN: 1545-AQ93
_______________________________________________________________________

3493. METHOD CHANGE RULES FOR THE UNIFORM CAPITALIZATION RULES

Legal Authority:  26 USC 7805; 26 USC 263A

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These rules provide guidance regarding the method change 
requirement of section 263A.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           03/30/87                    52 FR 10118
ANPRM Comment Period End        05/29/87                    52 FR 10118
Hearing                         12/08/87


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-68-91.
Drafting attorney: Ellen McElroy (202) 622-4950.
Reviewing attorney: Tom Luxner (202) 622-4970.

Agency Contact: Ellen McElroy, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-4950

RIN: 1545-AQ94
_______________________________________________________________________

3494. CAPITALIZATION OF INTEREST EXPENSE RELATING TO PRODUCTION OF 
PROPERTY

Legal Authority:  26 USC 263A(f)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Regulations concerning the capitalization of interest expense 
in the case of the production of designated property.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/16/91                    56 FR 40815
Hearing                         11/20/91                    56 FR 40842
Final Action                    10/01/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-120-86.
Drafting attorney: Mary Goode (202) 622-4960.
Reviewing attorney: Eric Pleet (202) 622-4970.
Treasury attorney: John Parcell (202) 622-2578.

Agency Contact: Mary Goode, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-4960

RIN: 1545-AK03
_______________________________________________________________________

3495. LOSSES, EXPENSES, AND INTEREST IN TRANSACTIONS BETWEEN RELATED 
TAXPAYERS

Legal Authority:  26 USC 7805; 26 USC 0267; 26 USC 1502

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The primary purpose of this project is to provide final 
regulations under section 267 of the Internal Revenue Code concerning 
the deferral and restoration of loss on the intercompany sale of 
property from one member of a controlled group of corporations to 
another member.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/30/84                    49 FR 47048
NPRM Comment Period End         01/29/85                    49 FR 47048


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-023-89.
Drafting attorney: Keith E. Stanley (202) 622-7750.
Reviewing attorney: Nelson R. Crouch (202) 622-7740.
Treasury attorney:

Agency Contact: Keith E. Stanley, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-7750

RIN: 1545-AN19
_______________________________________________________________________

3496. INCOME TAX--PERSONAL SERVICE CORPORATIONS

Legal Authority:  26 USC 7805; 26 USC 269A

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposal will provide rules for determining when the Internal 
Revenue Service may reallocate income or tax benefits between a 
personal service corporation and its employee-owners.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/31/83                    48 FR 13438
NPRM Comment Period End         05/31/83                    48 FR 13438
Hearing                         07/19/83
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: CO-188-82.
Drafting attorney: Brendan O'Hara (202) 622-7530.
Reviewing attorney: Nelson Crouch (202) 622-7740.

Agency Contact: Brendan O'Hara, Attorney/Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-7530

RIN: 1545-AF11
_______________________________________________________________________

3497. INCOME TAX--SUBSTANTIATION REQUIREMENTS WITH RESPECT TO LISTED 
PROPERTY AND SUBSTANTIATION REQUIREMENTS RELATING TO THE TAXATION OF 
FRINGE BENEFITS

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will set forth the requirements to 
substantiate any deduction or credit for certain business-related 
expenses with adequate records or sufficient evidence corroborating a 
taxpayer's own statement.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/06/85                    50 FR 46006
NPRM Comment Period End         01/06/86                    50 FR 46006
Hearing                         03/04/86                    51 FR 02898


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-140-86.
Drafting attorney: Joel Rutstein (202) 622-4930.
Reviewing attorney: Michael Finley (202) 622-4930.

Agency Contact: Joel Rutstein, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-4930

RIN: 1545-AJ40
_______________________________________________________________________

3498. HOME TAX--DEDUCTIONS FOR EXPENSES ATTRIBUTABLE TO BUSINESS USE OF 
HOMES, RENTAL OF VACATION HOMES

Legal Authority:  26 USC 7805; 26 USC 280A

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations would provide rules for determining the 
deductibility of expenses incurred in connection with the business use, 
or rental to others, of a dwelling unit. The regulations provide rules 
for determining when the taxpayer uses a dwelling unit for personal use 
or when use by another person of the unit is treated as personal use of 
the unit by the taxpayer.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/21/83                    48 FR 33326
NPRM Comment Period End         09/21/83
Hearing                         10/04/83


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-261-76.
Drafting attorney: Cynthia Davis (202) 622-4920.
Reviewing attorney: Robert Berkovsky (202) 622-4920.

Agency Contact: Cynthia Davis, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-4920

RIN: 1545-AB09
_______________________________________________________________________

3499. THE SUBSTANTIATION OF DEDUCTIONS CLAIMED FOR THE USE OF CELLULAR 
TELEPHONES AND COMPUTERS IN A TAXPAYER'S TRADE OR BUSINESS

Legal Authority:  26 USC 7805; 26 USC 280F; 26 USC 61; 26 USC 132; 26 
USC 274

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide the public with the guidance 
needed to substantiate the use of cellular telephones and computers in 
a trade or business. The regulations proposed for cellular telephones 
and computers follow the safe harbor rules for listed property, when 
the use of a cellular telephone in a trade or business occurs under 
special conditions.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            00/00/00

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: PS-114-90.
Drafting attorney: Bernard P. Harvey (202) 622-3110.
Reviewing Tax Law Specialist: Harold E. Burghart (202) 622-3110.
Treasury attorney: John E. Parcell (202) 622-2578.

Agency Contact: Bernard P. Harvey, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3110

RIN: 1545-AP45
_______________________________________________________________________

3500. GOLDEN PARACHUTE PAYMENTS

Legal Authority:  26 USC 7805; 26 USC 280G

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide rules relating to restrictions 
on golden parachute payments. The regulations will provide guidance to 
taxpayers, who must comply with section 280G, by delineating the 
circumstances under which payments may be considered excess parachute 
payments.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/05/89                    54 FR 19390
NPRM Comment Period End         07/05/89
Hearing                         11/21/89                    54 FR 39548
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-30-90.
Drafting attorney: Robert Misner (202) 622-6060.

Agency Contact: Robert Misner, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-6060

RIN: 1545-AH49
_______________________________________________________________________

3501. RECOGNITION OF GAIN OR LOSS ON LIQUIDATING SALES AND DISTRIBUTIONS 
OF PROPERTY

Legal Authority:  26 USC 336; 26 USC 337

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The Tax Reform Act of 1986 (the ``Act'') repealed the last 
vestiges of the General Utilities doctrine (``GU repeal''), and 
corporations must recognize gain in most cases upon the distribution of 
appreciated property to their shareholders. The Act granted the 
Secretary authority to promulgate regulations necessary to carry out 
the purposes of the Act. This project addresses issues related to the 
operating rules of sections 311, 331, 334, 336, and 337. Additional 
areas related to GU repeal, such as the scope of the repeal, will be 
addressed in a specific project.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: CO-117-86.
Drafting attorney: Richard Passales (202) 622-7530.
Reviewing attorney: Vicki Hyche (202) 622-7530.

Agency Contact: Richard Passales, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-7530

RIN: 1545-AJ01
_______________________________________________________________________

3502. GUIDANCE IN NOTICE 89-37, WHICH TREATS THE RECEIPT OF A CORPORATE 
PARTNER'S STOCK BY THE CORPORATE PARTNER AS A CIRCUMVENTION OF GENERAL 
UTILITIES REPEAL

Legal Authority:  26 USC 337(d)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will implement the guidance provided in Notice 
89-37, 1989-1 C.B. 679, on the treatment of the receipt of a 
corporation partner's stock by other corporation partner in exchange 
for appreciated property from the other corporation partner.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM Comment Period End         01/20/92                    57 FR 59327
NPRM                            12/15/92                    57 FR 59324
Final Action                    10/00/94

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: CO-91-90.
Drafting attorney: Brendan O'Hara (202) 622-7530.
Reviewing attorney: Vicki Hyche (202) 622-7530.

Agency Contact: Brendan O'Hara, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-7530

RIN: 1545-AP52
_______________________________________________________________________

3503. DEEMED PURCHASE PRICE WHEN CERTAIN STOCK PURCHASES ARE TREATED AS 
ASSET ACQUISITIONS

Legal Authority:  26 USC 7805; 26 USC 338

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposal will prescribe rules for computing the basis of 
stock purchased in certain stock acquisitions and for allocating this 
basis among the assets of the corporation whose stock was thus 
acquired.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/01/86                    51 FR 23790
NPRM Comment Period End         09/02/86


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-191-82.
Drafting attorney: Keith Medleau (202) 622-7550.
Reviewing attorney: Charles Whedbee (202) 622-7550.

Agency Contact: Keith Medleau, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-7550

RIN: 1545-AF29
_______________________________________________________________________

3504. INCOME TAX--ELECTIONS UNDER SECTION 338, AS ADDED BY SECTION 224 OF 
THE TAX EQUITY AND FISCAL RESPONSIBILITY ACT OF 1982, AS AMENDED BY THE 
TECHNICAL CORRECTIONS ACT OF 1982

Legal Authority:  26 USC 7805; 26 USC 338

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide rules for making elections under 
section 338, which permits certain stock purchases to be treated as 
asset acquisitions.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/06/84                    49 FR 35144
NPRM Comment Period End         11/05/84


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-26-83.
Drafting attorney: Keith Medleau (202) 622-7550.
Reviewing attorney: Charles Whedbee (202) 622-7550.

Agency Contact: Keith Medleau, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-7550

RIN: 1545-AF38
_______________________________________________________________________

3505. SECTION 338(H)(10) AS ADDED TO THE CODE BY SECTION 306 OF THE 
TECHNICAL CORRECTIONS ACT OF 1982, RELATING TO SPECIAL ELECTIVE 
RECOGNITION OF GAIN OR LOSS

Legal Authority:  26 USC 7805; 26 USC 338

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposal would interpret the rules of section 338(h)(10) 
under which a special election can be made so that target corporation 
recognizes gain or loss on the demand sale of its assets. The proposal 
is necessary so that affected taxpayers can make election under the 
provision.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/08/86                      51 FR 763
NPRM Comment Period End         03/10/86


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-218-83.
Drafting attorney: Keith Medleau (202) 622-7550.
Reviewing attorney: Charles Whedbee (202) 622-7550.

Agency Contact: Keith Medleau, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-7550

RIN: 1545-AF93
_______________________________________________________________________

3506. QUESTIONS AND ANSWERS RELATING TO MISCELLANEOUS MATTERS UNDER 
SECTION 338

Legal Authority:  26 USC 7805; 26 USC 338

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations provide guidance on a broad range of issues 
under section 338.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/24/85                    50 FR 16430


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-33-85.
Drafting attorney: Keith Medleau (202) 622-7550.
Reviewing attorney: Charles Whedbee (202) 622-7550.

Agency Contact: Keith Medleau, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-7550

RIN: 1545-AH88
_______________________________________________________________________

3507. STATEMENTS OF ELECTION AND DUE DATES

Legal Authority:  26 USC 7805; 26 USC 338

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations provide guidance to taxpayers who 
make express elections under section 338 pursuant to the extended July 
15, 1986, filing deadline where the statute of limitations in the 
target's taxable year which includes the acquisition date has expired 
prior to July 15, 1986, or will expire shortly thereafter.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/16/86                    51 FR 17989
NPRM Comment Period End         07/15/86                    51 FR 17989


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-8-86.
Drafting attorney: Keith Medleau (202) 622-7550.
Reviewing attorney: Charles Whedbee (202) 622-7550.

Agency Contact: Keith Medleau, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-7550

RIN: 1545-AI53
_______________________________________________________________________

3508. AMENDMENT OF SECTION 1.338-5T REGULATIONS

Legal Authority:  26 USC 7805; 26 USC 338

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will address problems that have surfaced in 
the section 1.338-5T regulations since their publication, issues raised 
by the repeal of the General Utilities doctrine, as well as issues 
presented by the passage of section 338(h)(16) in 1988.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/20/94                     59 FR 3045
Final Action                    00/00/00

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: INTL-177-90.
Drafting attorney: Kenneth D. Allison (202) 622-3860.
Reviewing attorney: Charles Besecky (202) 622-3860.
Treasury attorney: Peter Marrs (202) 622-0724.

Agency Contact: Kenneth D. Allison, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3860

RIN: 1545-AO73
_______________________________________________________________________

3509. INCOME TAX--TRIANGULAR REORGANIZATIONS, BASIS AND OTHER 
CONSEQUENCES

Legal Authority:  26 USC 7805; 26 USC 358; 26 USC 1032

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations provide rules for adjusting the basis at a 
controlling corporation in the stock of a controlled corporation as the 
result of certain triangular reorganizations involving the stock of the 
controlling corporation. The regulations also provide in certain 
circumstances for nonrecognition of gain to the controlled corporation 
on its use of controlling corporation stock in such reorganizations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/02/81                      46 FR 112


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-993-71.
Drafting attorney: Dean Lekos (202) 622-7550.
Reviewing attorney: Rose Williams (202) 622-7550.
Treasury attorney: Michael Thomson (202) 622-1334.

Agency Contact: Rose Williams, Assistant to the Brach Chief, Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-7550

RIN: 1545-AB21
_______________________________________________________________________

3510. AMENDMENT OF THE INCOME TAX REGULATIONS UNDER SECTION 367 OF THE 
CODE (TRANSFERS TO FOREIGN CORPORATIONS) TO REFLECT SECTION 131 OF THE 
TAX REFORM ACT OF 1984 (P.L. 98-369)

Legal Authority:  26 USC 7805; 26 USC 367

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The Income Tax Regulations under section 367 will be amended 
to reflect the changes made to that section by the Tax Reform Act of 
1984. Section 367 now provides generally that a foreign corporation 
will not be considered to be a corporation, for purposes of certain 
nonrecognition provisions of the Code, upon the transfer of property to 
such corporation by a U.S. person. The statute provides certain 
exceptions to that rule, exemptions to those exceptions, and special 
rules applicable to certain specified transfers. The regulations will 
provide guidance concerning the applicability of the general rule and 
its exceptions and special rules, including guidance concerning 
transfers of assets for use in the active conduct of a trade or 
business, stock transfers, transfers of intangible assets, and 
transfers of branch operations that have operated at a loss.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/16/86                    51 FR 17990
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-610-86.
Drafting attorney: Philip Tretiak (202) 622-3860.
Reviewing attorney: Charles Saverude (202) 622-3800.
Treasury attorney: Unassigned.

Agency Contact: Philip Tretiak, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3860

RIN: 1545-AK74
_______________________________________________________________________

3511. TRANSFERS OF STOCK ON SECURITIES BY U.S. PERSONS TO FOREIGN 
CORPORATIONS

Legal Authority:  26 USC 7805; 26 USC 367

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These proposed regulations will replace, when finalized, the 
temporary income tax regulations under section 1.367(a)-1T(c)(2) and 
section 1.367(a)-3T. They provide guidance on the application of 
section 367(a) to transfers of stock or securities by U.S. persons to 
foreign corporations. This regulation has been broken out of a larger 
regulation project (listed under INTL-610-86, RIN 1545-AK74) that will 
amend the remainder of the temporary income tax regulations under 
section 367(a).

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/26/91                    56 FR 41993
Hearing                         11/22/91                    56 FR 41992
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-54-91.
Drafting attorney: Philip Tretiak (202) 622-3860.
Reviewing attorney: Charles Saverude (202) 622-3800.
Treasury attorney: Unassigned.

Agency Contact: Philip Tretiak, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3860

RIN: 1545-AP81
_______________________________________________________________________

3512. INCOME TAX--PART 1--STOCK TRANSFER RULES

Legal Authority:  26 USC 7805; 26 USC 367 (b)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The extent to which a foreign corporation shall be considered 
to be a corporation in connection with an exchange described in 
sections 332, 351, 354, 355, 356 or 361.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/26/91                    56 FR 41993
NPRM Comment Period End         10/25/91                    56 FR 41993
Hearing                         11/22/91                    56 FR 41992
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: Federal

Additional Information: INTL-178-86.
Drafting attorney: Irwin Halpern (202) 622-3850.
Reviewing attorney: Bernard Bress (202) 622-3850.
Treasury attorney: Unassigned.

Agency Contact: Irwin Halpern, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3850

RIN: 1545-AI32
_______________________________________________________________________

3513. INCOME TAX--OWNERSHIP CHANGE

Legal Authority:  26 USC 7805; 26 USC 382

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide guidance on what constitutes 
``ownership change'' under section 382 of the Internal Revenue Code of 
1986 (generally, an ``ownership change'' is a shift in loss corporation 
stock ownership (after which the corporation's net operating loss 
carryovers are limited)).

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/11/87                    52 FR 29704
NPRM Comment Period End         10/13/87


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-106-86.
Drafting attorney: Keith E. Stanley (202) 622-7750.
Reviewing attorney: Charles M. Whedbee (202) 622-7550.
Treasury attorney:

Agency Contact: Keith Stanley, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-7750

RIN: 1545-AJ00
_______________________________________________________________________

3514. SECTION 382--LIMITATION ON GROUPS FILING CONSOLIDATED RETURNS

Legal Authority:  26 USC 7805; 26 USC 382; 26 USC 1502

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This NPRM provides rules for applying section 382 to 
consolidated groups.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            02/04/91                     56 FR 4195
NPRM Comment Period End         03/29/91                     56 FR 4195
Hearing                         04/08/91                     56 FR 4243
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-132-87.
Drafting attorney: David P. Madden (202) 622-7540.
Reviewing attorney: Charles Whedbee (202) 622-7550.

Agency Contact: David P. Madden, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-7540

RIN: 1545-AL36
_______________________________________________________________________

3515. SHORT TAXABLE YEARS AND CONTROL GROUPS

Legal Authority:  26 USC 382

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations will provide rules regarding the 
application of section 382 in the case of short taxable years and of 
controlled groups of corporations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            02/04/91                     56 FR 4183
NPRM Comment Period End         03/29/91                     56 FR 4183
Hearing                         04/08/91                     56 FR 4243
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-77-90.
Drafting attorney: David Madden (202) 622-7540.
Reviewing attorney: Charles Whedbee (202) 622-7550.

Agency Contact: David Madden, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-7540

RIN: 1545-AP14
_______________________________________________________________________

3516. INCOME TAX--REFUND OF MISTAKEN CONTRIBUTIONS

Legal Authority:  26 USC 7805; 26 USC 401(a)(2)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations describe those circumstances under which an 
employer contribution or withdrawal liability payment to a 
multiemployer pension plan may be refunded due to a mistake of law or 
fact.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/11/83                    48 FR 10374
NPRM Comment Period End         05/10/83                    48 FR 10374
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: EE-133-80.
Drafting attorney: John T. Ricotta (202) 622-6080.
Reviewing attorney: James Brokaw (202) 622-6070.

Agency Contact: John T. Ricotta, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-6080

RIN: 1545-AD68
_______________________________________________________________________

3517. INCOME TAX--REQUIRED DISTRIBUTIONS FROM QUALIFIED PLANS AND 
INDIVIDUAL RETIREMENT ACCOUNTS AND PARTIAL ROLLOVERS OF INDIVIDUAL 
RETIREMENT ACCOUNTS

Legal Authority:  26 USC 408(a)(6); 26 USC 401(a)(9); 26 USC 408(b)(3); 
26 USC 408(d)(3)(C); 26 USC 219(d)(4); 26 USC 403(b)(10); 26 USC 4974

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This project will revise the Income Tax Regulations to 
incorporate the changes made in the law by the Tax Equity and Fiscal 
Responsibility Act of 1982 and the Tax Reform Act of 1984, and Income 
Tax Reform Act of 1986 concerning the required distributions from 
qualified plans, individual retirement accounts and 403(b) annuities 
and custodial accounts.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/27/87                    52 FR 28070
HEARING                         12/04/87
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-113-82.
Drafting attorney: Marjorie Hoffman (202) 622-6030.
Reviewing attorney: Thomas A. Brisendine (202) 622-6030.

Agency Contact: Marjorie Hoffman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-6030

RIN: 1545-AE95
_______________________________________________________________________

3518. NONDISCRIMINATION REQUIREMENTS FOR QUALIFIED PLANS

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations delay the effective date of the 
final regulations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/10/92                    57 FR 35536
Final Action                    00/00/00

Small Entities Affected: Businesses, Governmental Jurisdictions, 
Organizations

Government Levels Affected: State, Local

Additional Information: EE-6-92.
Drafting attorney: David D. Munroe (202) 622-6080.
Reviewing attorney: Nancy J. Marks (202) 622-6000.

Agency Contact: David D. Munroe, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-6080

RIN: 1545-AQ76
_______________________________________________________________________

3519. TWENTY PERCENT WITHHOLDING ON ELIGIBLE ROLLOVER DISTRIBUTION

Legal Authority:  26 USC 7805; 26 USC 401; 26 USC 402; 26 USC 3405

CFR Citation:  26 CFR 1; 26 CFR 31

Legal Deadline: None

Abstract: This project provides cross-reference notice of proposed 
rulemaking published in conjunction with temporary income tax 
regulations relating to eligible rollover distribution from tax-
qualified retirement plans and section 403(b) annuities. This document 
provides the general public the opportunity to comment on the temporary 
and proposed regulations providing needed guidance on the changes made 
by the Unemployment Compensation Amendments of 1992 (UCA). The UCA 
expanded the types of retirement plan distributions with regard to 
which income tax can be deferred by a rollover to an individual 
retirement account, another qualified plan, or section 403(b) annuity. 
The UCA also requires qualified pension plans and 403(b) annuities to 
provide a direct rollover option. Also, the UCA imposes mandatory 20 
percent income tax withholding on any eligible rollover distribution 
that the employee does not elect to have transferred in a direct 
rollover.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/22/92                    57 FR 48194
NPRM Comment Period End         12/28/92                    57 FR 48194
Hearing                         01/15/93                    57 FR 48193
Final Action                    00/00/00

Small Entities Affected: Businesses, Governmental Jurisdictions, 
Organizations

Government Levels Affected: State, Local, Federal

Additional Information: EE-43-92.
Drafting attorney: Marjorie Hoffman (202) 622-6030.
Reviewing attorney: Nancy Marks (202) 622-6030.
Treasury attorney: Catherine Creech (202) 622-1341.

Agency Contact: Marjorie Hoffman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-6030

RIN: 1545-AR35
_______________________________________________________________________

3520. TWENTY PERCENT WITHHOLDING ON ELIGIBLE ROLLOVER DISTRIBUTION

Legal Authority:  26 USC 7805; 26 USC 402(c); 26 USC 403(b); 26 USC 
3405(b)

CFR Citation:  26 CFR 1; 26 CFR 31

Legal Deadline: None

Abstract: This project provides a cross-reference notice of proposed 
rulemaking providing guidance to implement statutory changes enacted by 
the Unemployment Compensation Amendments of 1992 (UCA). The UCA expands 
the types of pension distributions with regard to income retirement 
account or annuity, another qualified plan or a section 403(b) annuity. 
Also, the UCA requires plans and 403(b) plans to provide employees with 
a direct rollover option. Also, the UCA imposes a mandatory 20 percent 
income tax withholding upon any eligible rollover distribution that the 
employee does not elect to have paid in a direct rollover.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/22/92                    57 FR 48194
NPRM Comment Period End         12/28/92                    57 FR 48194
Hearing                         01/15/93                    57 FR 48193
Final Action                    00/00/00

Small Entities Affected: Businesses, Governmental Jurisdictions

Government Levels Affected: State, Local, Federal

Additional Information: EE-43-92.
Drafting attorney: Marjorie Hoffman (202) 622-6030.
Reviewing attorney: Mary Oppenheimer (202) 622-6010.

Agency Contact: Marjorie Hoffman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-6030

RIN: 1545-AR01
_______________________________________________________________________

3521. INCOME TAX--DEDUCTION FOR CERTAIN FOREIGN DEFERRED COMPENSATION 
PLANS

Legal Authority:  26 USC 7805; 26 USC 404A

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations would provide guidance relating to the 
limitations on deductions and adjustments to earnings and profits (or 
accumulated profits) with respect to certain foreign deferred 
compensation plans.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/07/93                    58 FR 27219
NPRM Comment Period End         05/07/93                    58 FR 27219
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-14-81.
Drafting attorney: Elizabeth A. Purcell (202) 622-6080.
Reviewing attorney: Michael A. Thrasher (202) 622-6080.

Agency Contact: Elizabeth A. Purcell, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-6080

RIN: 1545-AD81
_______________________________________________________________________

3522. INCOME TAX--PART 1; ESTATE TAX--PART 20, EMPLOYEE STOCK OWNERSHIP 
PLAN RULES AFFECTED BY TRA 1986

Legal Authority:  26 USC 409; 26 USC 401(a)(28); 26 USC 401(a)(23); 26 
USC 133; 26 USC 404(k); 26 USC 2057; 26 USC 1042; 26 USC 2210; 26 USC 
7805

CFR Citation:  26 CFR 1; 26 CFR 20

Legal Deadline: None

Abstract: The proposed regulations would set forth requirements for the 
tax qualification of ESOPs and for various ESOP tax incentives.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: EE-164-86.
Drafting attorney: John Ricotta (202) 622-6080.
Reviewing attorney: James Brokaw (202) 622-6070.

Agency Contact: John Ricotta, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-6080

RIN: 1545-AI87
_______________________________________________________________________

3523. INCOME TAX--PART 1--BENEFIT ACCRUAL BEYOND NORMAL RETIREMENT AGE

Legal Authority:  26 USC 7805; 26 USC 411(b)(1)(H); 26 USC 411(b)(2); 
26 USC 410(a)(2); 26 USC 411(a)(8)(B)

CFR Citation:  26 CFR 1

Legal Deadline:  Final, Statutory, February 1, 1988.
Final regulations are required to be issued by February 1, 1988.

Abstract: The regulations would provide rules with regard to benefit 
accruals after attainment of normal retirement age and maximum age 
conditions on participating in certain type of plans.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/11/88                    53 FR 11876
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-184-86.
Drafting attorney: Linda Marshall (202) 622-6030.
Reviewing attorney: A. Thomas Brisendine (202) 622-6030.
Treasury attorney: Harlen Weller (202) 622-1001.

Agency Contact: Linda Marshall, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-6030

RIN: 1545-AI85
_______________________________________________________________________

3524. INCOME TAX--PART 1--MINIMUM VESTING STANDARDS

Legal Authority:  26 USC 7805; 26 USC 410; PL 99-514, Sec 1113; PL 99-
514, Sec 1141; 26 USC 411

CFR Citation:  26 CFR 1

Legal Deadline:  Final, Statutory, February 1, 1988.
Deadline set by Section 1141 of PL 99-514 ``Tax Reform Act of 1986.''

Abstract: These regulations will amend existing rules to reflect 
changes made by section 1113 of the Tax Reform Act of 1986, relating to 
minimum vesting standards and participation standards.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/06/88                      53 FR 261
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-167-86.
Drafting attorney: T. Wolf (202) 622-6070.
Reviewing attorney: James Brokaw (202) 622-6070.
Cross-Reference to EE-73-87

Agency Contact: T. Wolf, Attorney, Department of the Treasury, Internal 
Revenue Service, 1111 Constitution Ave. NW., Washington, DC 20224, 202 
622-6070

RIN: 1545-AI88
_______________________________________________________________________

3525. INCOME TAX--EMPLOYEES OF AN AFFILIATED SERVICE GROUP

Legal Authority:  26 USC 7805; 26 USC 414 (m)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations would provide rules with regard to the 
aggregation of employees of certain organizations for purposes of 
certain pension requirements.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            02/28/83                     48 FR 8293
NPRM Comment Period End         04/29/83


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-3-81.
Drafting attorney: Robin Ehrenberg (202) 622-6080.
Review attorney: Nancy J. Marks (202) 622-6000.
Treasury attorney: Catherine Creech (202) 622-1341.

Agency Contact: Robin Ehrenberg, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-6080

RIN: 1545-AD90
_______________________________________________________________________

3526. DEFINITION OF ``HIGHLY COMPENSATED EMPLOYEE''

Legal Authority:  26 USC 7805; 26 USC 414(q)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed and temporary regulations define the term 
``highly compensated employee'' under section 414(q) of the Code.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            02/19/88
NPRM Comment Period End         04/19/88                     53 FR 4999
Partially Closed by TD 8548     06/27/94                    59 FR 32911


Next Action Undetermined

Small Entities Affected: Businesses, Governmental Jurisdictions

Government Levels Affected: State, Local

Additional Information: EE-32-92.
Drafting attorney: Patricia McDermott (202) 622-6030.
Reviewing attorney: Nancy J. Marks (202) 622-6000.
Treasury attorney: Mark Iwry (202) 622-2647.
Temporary and proposed regulations under sections 414(g) and and 414(s) 
were published February 19, 1988 (53 FR 4965); and final regulations 
under section 414(s) were published September 19, 1991 (56 FR 47659), 
under project EE-129-86. The regulations under section 414(q) were 
split off from project EE-129-86. It is anticipated that final 
regulations under section 414(q) will be published in the future under 
project EE-32-92.

Agency Contact: Patricia McDermott, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-6030

RIN: 1545-AQ74
_______________________________________________________________________

3527. TAXATION OF TAX-EXEMPT ORGANIZATIONS' INCOME FROM CORPORATE 
SPONSORSHIP

Legal Authority:  26 USC 7805; 26 USC 512(a); 26 USC 513

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This document provides guidance concerning whether 
sponsorship payments received by exempt organizations are unrelated 
business taxable income.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/22/93                     58 FR 5687
Hearing                         07/08/93                     58 FR 5691
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: EE-74-92.
Drafting attorney: Regina L. Oldak (202) 622-6080.

Agency Contact: Regina L. Oldak, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-6080

RIN: 1545-AR19
_______________________________________________________________________

3528. LIMITATION OF THE USE OF THE CASH METHOD OF ACCOUNTING

Legal Authority:  26 USC 7805; 26 USC 448

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations would provide guidance to certain C 
Corporations, partnerships with a corporate partner and tax shelters 
prohibited from using the cash method of accounting.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/16/87                    52 FR 22796
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-122-86.
Drafting attorney: Mike Montemurro (202) 622-4910.
Reviewing attorney: Mike Montemurro (202) 622-4910.

Agency Contact: Mike Montemurro, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-4910

RIN: 1545-AJ52
_______________________________________________________________________

3529. INCOME TAX--GENERAL RULES FOR INSTALLMENT SALES

Legal Authority:  26 USC 7805; 26 USC 453

CFR Citation:  26 CFR 1; 26 CFR 15A.453-1(c); 26 CFR 15A.453-1

Legal Deadline: None

Abstract: Treasury decision will provide general rules and rules for 
reporting contingent installment obligations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            02/04/81                    46 FR 10749
NPRM Comment Period End         04/06/81                    46 FR 10749
Hearing                         10/01/81                    46 FR 40774
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-173-80.
Drafting attorney: George Wright (202) 622-4950.
Reviewing attorney: Dave Crawford (202) 622-4950.

Agency Contact: George Wright, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-4950

RIN: 1545-AB42
_______________________________________________________________________

3530. INCOME TAX--INSTALLMENT REPORTING--ASSET SALES AND LIQUIDATION

Legal Authority:  26 USC 7805; 26 USC 453

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposal would provide rules for reporting gain in respect of 
installment obligations received as liquidating distributions from 
corporations under a plan of complete liquidation. Additionally 
includes rules regarding the allocation of consideration received in a 
multiple asset sale if a disposition of any one of the properties would 
qualify for installment sale treatment.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/13/84                     49 FR 1742
NPRM Comment Period End         03/16/84                     49 FR 1742
Final Action                    12/00/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-184-80.
Drafting attorney: George Wright (202) 622-4950.
Reviewing attorney: Doug Fahey (202) 622-4950.

Agency Contact: George Wright, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-4950

RIN: 1545-AB43
_______________________________________________________________________

3531. INCOME TAX--INSTALLMENT OBLIGATIONS RECEIVED IN TRANSACTIONS IN 
WHICH GAIN OR LOSS IS GENERALLY NOT RECOGNIZED

Legal Authority:  26 USC 7805; 26 USC 1031

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposal would provide rules for reporting installment 
obligations that are received as boot in certain exchanges in which 
gain may not be recognized.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/03/84                    49 FR 18866


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: IA-186-80.
Drafting attorney: Keith Medleau (202) 622-7550.
Reviewing attorney: Charles Whedbee (202) 622-7550.

Agency Contact: Keith Medleau, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-7550

RIN: 1545-AB44
_______________________________________________________________________

3532. SPECIAL RULES FOR NONDEALERS

Legal Authority:  26 USC 7805; 26 USC 453A

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This project will provide rules relating to the pledging 
rules and special interest charge of section 453A.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-025-89.
Drafting attorney: Mike Montemurro (202) 622-4910.
Reviewing attorney: Mike Montemurro (202) 622-4910.

Agency Contact: Mike Montemurro, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-4910

RIN: 1545-AN13
_______________________________________________________________________

3533. LOOK-BACK METHOD FOR LONG-TERM CONTRACTS (MID-CONTRACT CHANGE IN 
TAXPAYER)

Legal Authority:  26 USC 7805; 26 USC 460

CFR Citation:  26 CFR 1.460-6

Legal Deadline: None

Abstract: Final income tax regulations identifying the taxpayer that is 
responsible for applying the look-back method and the taxpayer that is 
liable for paying (or is entitled to receive) interest computed under 
the look-back method when there is a mid-contract change in the 
taxpayer reporting income from a long-term contract.

Timetable: Next Action Undetermined

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: IA-56-91.
Drafting attorney: Cheryl Oseekey (202) 622-4970.
Reviewing attorney: Eric Pleet (202) 622-4970.

Agency Contact: Cheryl Oseekey, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-4970

RIN: 1545-AQ32
_______________________________________________________________________

3534. INCOME TAX--DETERMINATION OF AMOUNTS AT RISK WITH RESPECT TO 
CERTAIN ACTIVITIES

Legal Authority:  26 USC 7805; 26 USC 465

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide guidance to taxpayers for 
purposes of determining the amount the taxpayer is at risk in certain 
activities. This guidance is necessary because a taxpayer's deductions 
are limited to the amount the taxpayer is at risk in but not to the 
activity. This at risk limit applies to most activities except the 
holding of real property or certain equipment leasing by closely-held 
corporations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/05/79                    44 FR 32235
NPRM Comment Period End         08/06/79                    44 FR 32235
Hearing                         09/27/79                    44 FR 49701
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-168-76.
Drafting attorney: Donna Welch (202) 622-3080.
Reviewing attorney: William P. O'Shea (202) 622-3070.
Treasury attorney: John H. Parcell (202) 622-2578.

Agency Contact: Donna Welch, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3080

RIN: 1545-AB52
_______________________________________________________________________

3535. DISPOSITION OF AN INTEREST IN A NUCLEAR POWER PLANT

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations will provide guidance to determine 
the tax consequences of disposition on a Nuclear Decommissioning Fund 
and on taxpayers that establish such a fund. In addition, the proposed 
regulations will make a number of needed changes and clarifications to 
the existing regulations that will aid in the administration and 
processing of requests for schedules of ruling amounts.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/20/92                    57 FR 54734
NPRM Comment Period End         01/11/93                    57 FR 54734
Hearing                         02/01/93                    57 FR 54734
Final Action                    10/00/94

Small Entities Affected: None

Government Levels Affected: None

Sectors Affected:  491 Electric Services; 493 Combination Electric and 
Gas, and Other Utility Services

Additional Information: PS-004-89.
Drafting attorney: Peter C. Friedman (202) 622-3110.
Reviewing attorney: Charles B. Ramsey (202) 622-3110.
Treasury attorney: Eve Elgin (202) 622-1338.

Agency Contact: Peter C. Friedman, Senior Attorney Advisor, Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Avenue 
NW., Washington, DC 20224, 202 622-3110

RIN: 1545-AN06
_______________________________________________________________________

3536. LIMITATIONS ON PASSIVE ACTIVITY LOSSES AND CREDITS

Legal Authority:  26 USC 7805; 26 USC 469 (l)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations address essential issues in 
connection with passive activity losses and credits.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            02/25/88                     53 FR 5733
Hearing                         06/28/88
Final Action                    10/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-14-88.
Drafting attorney: William Kostak (202) 622-3080.
Reviewing attorney: William P. O'Shea (202) 622-3070.
Treasury attorney: John H. Parcell (202) 622-2578.

Agency Contact: William Kostak, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3080

RIN: 1545-AB26
_______________________________________________________________________

3537. LIMITATIONS ON PASSIVE ACTIVITY LOSSES AND CREDITS--DEFINITION OF 
ACTIVITY

Legal Authority:  26 USC 7805; 26 USC 469(l)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will define the term ``activity'' to purposes 
of the passive activity loss rules, pursuant to the grant of authority 
in section 469(l) Pursuant to the grant of authority in section 469(l), 
the regulations define ``activity.''

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/12/89                    54 FR 20606
NPRM Comment Period End         08/31/89                    54 FR 20606
NPRM                            05/15/92                    57 FR 20802
Hearing                         09/03/92                    57 FR 23356
Final Action                    10/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-001-89.
Drafting attorney: William Kostak (202) 622-3080.
Reviewing attorney: Donna M. Young (202) 622-3070.
Treasury attorney: John H. Parcell (202) 622-2578.

Agency Contact: William Kostak, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3080

RIN: 1545-AM88
_______________________________________________________________________

3538. LIMITATIONS ON PASSIVE ACTIVITY LOSSES AND CREDITS--SELF-CHARGED 
ITEMS

Legal Authority:  26 USC 0469 (l)

CFR Citation:  26 CFR 1.469-7

Legal Deadline: None

Abstract: The regulation will address the treatment of self-charged 
items of income and expense in connection with transactions between 
passthrough entities and owners of interests in those entities.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/05/91                    56 FR 14034
Hearing                         09/06/91                    56 FR 14040
Final Action                    12/00/94

Small Entities Affected: None

Government Levels Affected: Undetermined

Additional Information: PS-039-89.
Drafting attorney: Ann Veninga (202) 622-3080.
Reviewing attorney: Donna M. Young (202) 622-3070.
Treasury attorney: Val Strehlow (202) 622-2578.

Agency Contact: Ann Veninga, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3080

RIN: 1545-AN64
_______________________________________________________________________

3539. INCOME TAX--THREE-YEAR AVERAGING FOR INCREASES IN INVENTORY VALUE 
WHEN ELECTING LIFO METHOD OF ACCOUNTING

Legal Authority:  26 USC 7805; 26 USC 472 (d)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations would provide for three-year averaging for 
increases in inventory value when electing the LIFO method of 
accounting.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/11/83                     48 FR 6134
Final Action                    12/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-254-81.
Drafting attorney: Harry-Todd Astrov (202) 622-4970.
Reviewing attorney: Eric Pleet (202) 622-4970.

Agency Contact: Harry-Todd Astrov, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-4970

RIN: 1545-AB55
_______________________________________________________________________

3540. REGULATIONS UNDER SECTION 475

Legal Authority:  26 USC 7805; 26 USC 475 (b)(4); 26 USC 475 (e)(5); 26 
USC 475 (b)(2); 26 USC 6001

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This is a cross-reference notice of proposed rulemaking and 
notice of hearing. The temporary regulations provide guidance 
concerning the meaning of the statutory terms ``dealers in 
securities'', ``held for investment'', and ``security''. The guidance 
will enable taxpayers to comply with the mark - to market requirements 
of section 475.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/29/93                    58 FR 68798


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-72-93
DRAFTING ATTORNEYS: JO LYNN RICKS (202) 622-3920 BOB WILLIAMS (202) 
622-3960.
REVIEWING ATTORNEYS: MIKE NOVEY (202) 622-3267 BERNITA THIGPEN (202) 
622-3491.
TREASURY ATTORNEY: MARY HEATH (202) 622-0868.

Agency Contact: Jo Lynn Ricks, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3920

RIN: 1545-AS30
_______________________________________________________________________

3541. SECTION 482, COST SHARING REGULATIONS

Legal Authority:  26 USC 7805; 26 USC 482

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Transfer of intangibles between affiliates; intercompany 
pricing issues.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/30/92                     57 FR 3571
Hearing                         08/31/92                    57 FR 33663
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-372-88.
Drafting attorney: Lisa L. Sams (202) 622-3840.
Reviewing attorney: Ken Wood (202) 874-1490.
Treasury attorney: Warren Crowdus (202) 622-1779.

Agency Contact: Lisa L. Sams, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3840

RIN: 1545-AM00
_______________________________________________________________________

3542. TAXATION OF GLOBAL TRADING

Legal Authority:  26 USC 7805; 26 USC 864; 26 USC 482; 26 USC 863

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Regulations to improve the taxation of global trading.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/28/90                    55 FR 35152
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-070-90.
Drafting attorney: Ahmad A. Pirasteh (202) 622-3870.
Reviewing attorney: Jeffrey L. Dorfman (202) 622-3870.
Treasury attorney: Peter Marrs (202) 622-0724.

Agency Contact: Ahmad A. Pirasteh, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3870

RIN: 1545-AP01
_______________________________________________________________________

3543. VEBA QUALIFICATION--GEOGRAPHIC LOCALE RESTRICTION

Legal Authority:  26 USC 7805; 26 USC 501

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will supplement the existing regulations by 
providing rules for determining whether membership in a VEBA consists 
of persons who have an employment related common bond because they are 
all employees of employers engaged in the same line of business in the 
same geographic locale.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/07/92                    57 FR 34886
Hearing                         12/03/92
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: EE-23-92.
Drafting attorney: Michael J. Roach (202) 622-6060.
Reviewing attorney: Mark Schwimmer (202) 622-6060.

Agency Contact: Michael J. Roach, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-6060

RIN: 1545-AQ66
_______________________________________________________________________

3544. INCOME TAX--LIMITATION ON ADDITIONS TO BANK LOSS RESERVES

Legal Authority:  26 USC 7805; 26 USC 585

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations would impose a requirement of a minimum 
addition to bad debt reserves of mutual savings banks in order to 
conform the treatment of these institutions to financial institutions 
described in section 585.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/19/83                    48 FR 56083
NPRM Comment Period End         02/17/84                    48 FR 56083


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: FI-152-79.
Drafting attorney: Eric E. Boody (202) 622-3960.
Reviewing attorney: Alice Bennett (202) 622-3950.

Agency Contact: Eric E. Boody, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3960

RIN: 1545-AB66
_______________________________________________________________________

3545. BAD DEBT RESERVE RECAPTURE FOR THRIFT INSTITUTIONS

Legal Authority:  26 USC 7805; 26 USC 593; 26 USC 446; 26 USC 481

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation addresses the recapture of bad debt reserves 
of thrift institutions that either fail the 60 percent-asset test or 
convert their charter to that of a commercial bank.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/13/92                     57 FR 1232
NPRM Comment Period End         04/13/92                     57 FR 1232
Hearing                         06/05/92                     57 FR 1243
Final Action                    12/00/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: FI-042-90.
Drafting attorney: Jo Lynn Ricks (202) 622-3920.
Reviewing attorney: Sharon Galm (202) 622-3920.

Agency Contact: Jo Lynn Ricks, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3920

RIN: 1545-AO69
_______________________________________________________________________

3546. TAX CONSEQUENCES OF FEDERAL FINANCIAL ASSISTANCE PROVIDED IN 
CONNECTION WITH TAXABLE ASSET ACQUISITIONS OF TROUBLED FINANCIAL 
INSTITUTIONS

Legal Authority:  26 USC 7805; 26 USC 597

CFR Citation:  26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: Purpose of regulation is to implement changes to section 597 
by FIRREA. The FDIC needs this guidance to facilitate the 
reorganization of failed S&L's.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/23/92                    57 FR 14804
NPRM Comment Period End         06/26/92                    57 FR 14804
Hearing                         07/17/92                    57 FR 14803


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: FI-046-89.
Drafting attorney: Bernita Thigpen (202) 622-3920.
Reviewing attorney: Steven Glickstein (202) 622-4439.
Treasury attorney: Eve Elgin (202) 622-1338.

Agency Contact: Bernita Thigpen, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3920

RIN: 1545-AN71
_______________________________________________________________________

3547. STATEMENT OF PROCEDURAL RULES--APPEALS FUNCTION

Legal Authority:  5 USC 552(a)(1)(C)

CFR Citation:  26 CFR 601

Legal Deadline: None

Abstract: This portion of the SPR updates the rules for appealing an 
examination within the Service. It also revises the rule prescribing 
the information that a taxpayer must submit to initiate an appeal.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/20/93                    58 FR 48802
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-085-91.
Drafting attorney: John M. Moran (202) 622-4940.
Reviewing attorney: George Bradley (202) 622-4800.

Agency Contact: John M. Moran, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-4940

RIN: 1545-AQ18
_______________________________________________________________________

3548. TAXABLE YEARS OF CERTAIN PARTNERSHIPS

Legal Authority:  26 USC 7805; 26 USC 706 (b)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide rules for determining the 
appropriate taxable year for certain partnerships.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/29/87                    52 FR 49030
Final Action                    12/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-101-86.
Drafting attorney: Beverly A. Baughman (202) 622-4940.
Reviewing attorney: Rudi Planert (202) 622-4940.
Treasury attorney: Barksdale Penick (202) 622-1335.

Agency Contact: Beverly A. Baughman, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-4940

RIN: 1545-AJ47
_______________________________________________________________________

3549. PARTNERSHIP TERMINATION DISTRIBUTIONS

Legal Authority:  26 USC 708

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will amend the regulations under section 
708(1)(B) to ensure that pre-contribution gain or loss will be properly 
accounted for when a partnership liquidates and is reformed.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-024-90.
Drafting attorney: Steve Coleman (202) 622-3060.
Reviewing attorney: J. Thomas Hines (202) 622-3060.
Treasury attorney: David Weisbach (202) 622-1129.

Agency Contact: Steve Coleman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3060

RIN: 1545-AO20
_______________________________________________________________________

3550. ELECTION OUT OF SUBCHAPTER K FOR PRODUCERS OF NATURAL GAS

Legal Authority:  26 USC 7805; 26 USC 761

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide additional requirements for 
producers of natural gas electing under section 761 to be excluded from 
the subchapter K partnership rules.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/16/92                    57 FR 42712
Hearing                         11/17/92
Final Action                    11/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-103-90.
Drafting attorney: H. Grace Kim (202) 622-3060.
Reviewing attorney: Arthur H. Ernst (202) 622-3060.
Treasury attorney: C. Elizabeth Wagner (202) 622-1778.

Agency Contact: H. Grace Kim, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3060

RIN: 1545-AP23
_______________________________________________________________________

3551. MANDATORY SECURITIES VALUATION RESERVE

Legal Authority:  26 USC 0809

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed treasury decision adopts without change the 
proposed and temporary regulations that provide that the equity base 
included the amount of any asset valuation reserve and any interest 
maintenance reserve reported on the annual statement.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/07/93                    58 FR 47089
NPRM Comment Period End         11/08/93                    58 FR 47089


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-29-93
Drafting attorney: Katherine Hossofsky (202) 622-3477.
Reviewing attorney: Steven Hooe (202) 622-3970.
Treasury attorney: Judith Dunn (202) 622-1776.

Agency Contact: Katherine Hossofsky, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3477

RIN: 1545-AR59
_______________________________________________________________________

3552. EXTENSION OF TIME FOR REAL ESTATE MORTGAGE INVESTMENT CONDUITS TO 
PROVIDE REPORTING INFORMATION

Legal Authority:  26 USC 7805; 26 USC 860F; 26 USC 6049

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This proposed regulation would extend the deadline for REMICs 
or issuers of CDOs to furnish reporting information.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/30/91                    56 FR 49525
Hearing                         12/05/91                    56 FR 49526
Final Action                    06/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-38-91.
Drafting attorney: Carol E. Schultze (202) 622-3960.

Agency Contact: Carol E. Schultze, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3960

RIN: 1545-AP73
_______________________________________________________________________

3553. CHARITABLE CONTRIBUTIONS

Legal Authority:  26 USC 7805; 26 USC 861

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposed section 1.861-8(e) would provide new guidance 
regarding the allocation of charitable deductions to U.S. or foreign 
source income. A taxpayer would allocate such a deduction solely to 
U.S. source income if he designated the contribution for U.S. use and 
reasonably believed that it would be so used. He would allocate such a 
deduction solely to foreign source income if he knows or has reason to 
know that it would be used solely outside the United States or that it 
must necessarily be so used. In all other cases, he would ratably 
apportion such a deduction.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/12/91                    56 FR 10395
Hearing                         08/01/91                    56 FR 23823
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: INTL-116-90.
Drafting attorney: Carl M. Cooper (202) 622-3840.
Reviewing attorney: Charles C. Saverude (202) 622-3800.
Treasury attorney: P. Ann Fisher (202) 622-1755.

Agency Contact: Carl M. Cooper, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3840

RIN: 1545-AP30
_______________________________________________________________________

3554. SPECIAL RULES FOR DETERMINING SOURCE

Legal Authority:  26 USC 7805; 26 USC 863(a)

CFR Citation:  26 CFR 1.863-1(d)

Legal Deadline: None

Abstract: The regulations provide rules for determining the source of 
scholarships and fellowship grants as defined under section 117 of the 
Internal Revenue Code.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/15/93                    58 FR 33060


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-041-92.
Drafting attorney: Carol P. Tello (202) 622-3880.
Reviewing attorney: Unassigned.
Treasury attorney: Unassigned.

Agency Contact: Carol P. Tello, Attorney-Adviser, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3880

RIN: 1545-AQ81
_______________________________________________________________________

3555. TREATMENT OF RELATED PERSON FACTORING INCOME; CERTAIN INVESTMENTS 
IN UNITED STATES PROPERTY; AND STOCK REDEMPTIONS THROUGH RELATED 
CORPORATIONS

Legal Authority:  26 USC 7805; 26 USC 864 (d); 26 USC 956; 26 USC 304; 
26 USC 7805; 26 USC 864 (d)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These rules will relate to the treatment of income derived by 
foreign corporations from factoring the receivables of related persons, 
rules relating to certain investments in U.S. property and stock 
redemptions through related corporations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/14/88                    53 FR 22186
NPRM Comment Period End         08/15/88                    53 FR 22186
Hearing                         02/09/89                    53 FR 49895
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-49-86.
Drafting attorney: Philip L. Garlett (202) 622-3840.
Reviewing attorney: Phyllis E. Marcus (202) 622-3840.
Treasury attorney: Carol Dunahoo (202) 622-0726.

Agency Contact: Philip L. Garlett, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3840

RIN: 1545-AH85
_______________________________________________________________________

3556. COMPUTATION OF INTEREST EXPENSE DEDUCTION

Legal Authority:  26 USC 7805; 26 USC 882

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will revise the rules for the computation of 
the interest expense deduction of a foreign corporation.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/24/92                    57 FR 15038
NPRM Comment Period End         10/14/92
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-309-88.
Drafting attorney: Karl T. Walli (202) 622-3870.
Reviewing attorney: Jeffrey L. Dorfman (202) 622-3870
Treasury attorney: Unassigned.

Agency Contact: Karl T. Walli, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC, 202 622-3870

RIN: 1545-AL84
_______________________________________________________________________

3557. AMENDMENTS TO THE BRANCH PROFITS TAX UNDER SECTIONS 884 AND 864

Legal Authority:  26 USC 7805; 26 USC 884; 26 USC 864

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will revise the ``asset-use'' test under 
section 864 to exclude stock. This regulation will explain what 
percentage of an interest in a partnership, trust or estate is a U.S. 
asset under section 884. In addition, this regulation amends the 
definition of ``branch interest'' under section 884.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/11/92                    57 FR 41707
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-003-92.
Drafting attorney: Thomas Wegerbauer (202) 622-3860.
Reviewing attorney: Elizabeth U. Karzon (202) 622-3860.
Treasury attorney: P. Ann Fisher (202) 622-1755.

Agency Contact: Thomas Wegerbauer, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3860

RIN: 1545-AQ58
_______________________________________________________________________

3558. FINAL REGULATIONS UNDER SECTION 1.884-2

Legal Authority:  26 USC 7805; 26 USC 884

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will finalize temporary regulations that 
provide special rules for termination or incorporation of a U.S. trade 
or business or liquidation or reorganization of a foreign corporation 
or its domestic subsidiary.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-027-92.
Drafting attorney: Kathryn Horton O'Brien (202) 622-3860.
Reviewing attorney: Elizabeth U. Karzon (202) 622-3860.
Treasury attorney: P. Ann Fisher (202) 622-1755.

Agency Contact: Kathryn Horton O'Brien, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3860

RIN: 1545-AQ73
_______________________________________________________________________

3559. INCOME OF FOREIGN GOVERNMENTS AND INTERNATIONAL ORGANIZATIONS

Legal Authority:  26 USC 7805; 26 USC 892 (c)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Notice of Proposed Rulemaking by Cross-reference to temporary 
regulations regarding the taxation of income of foreign governments and 
international organizations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/27/88                    53 FR 24100
NPRM Comment Period End         08/26/88                    53 FR 24100
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-285-88.
Drafting attorney: David A. Juster (202) 622-3850.
Reviewing attorney: Bernard T. Bress (202) 622-3850.
Treasury attorney: Unassigned.

Agency Contact: David A. Juster, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3850

RIN: 1545-AL93
_______________________________________________________________________

3560. NONRECOGNITION OF CORPORATE DISTRIBUTIONS AND REORGANIZATIONS UNDER 
THE FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT

Legal Authority:  26 USC 7805; 26 USC 897

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposal would provide rules concerning the effect of certain 
distributions including dividends, redemptions, distributions pursuant 
to reorganizations, and liquidations on corporations and their 
shareholders under the Foreign Investment in Real Property Tax Act. 
Proposal would also provide rules for determining the extent to which 
nonrecognition would apply to certain transfers of real property 
interests and the extent to which certain reorganizations will be 
treated as sales of property at fair market value.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/05/88                    53 FR 16233
Hearing                         03/01/89                     54 FR 1189
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-491-87.
Drafting attorney: Leslie A. Cracraft (202) 622-3860.
Reviewing attorney: Charles C. Saverude (202) 622-3810.
Treasury attorney: Peter Marrs (202) 622-0724.

Agency Contact: Leslie A. Cracraft, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3860

RIN: 1545-AK79
_______________________________________________________________________

3561. CONFORMING TAXABLE YEARS OF CFCS AND FPHCS: 1989 CHANGE

Legal Authority:  26 USC 7805; 26 USC 898; 26 USC 902

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation provides guidance to taxpayers concerning new 
section 898 of the Internal Revenue Code, added to the Code by the 
Omnibus Budget Reconciliation Act of 1989. Section 898 requires the 
taxable years of certain specified foreign corporations to conform to 
the taxable years of their majority U.S. shareholders.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/05/93                      58 FR 290
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-848-89.
Drafting attorney: William T. Lundeen (202) 622-3870.
Reviewing attorney: Unassigned.
Treasury attorney: Carol Doran Klein (202) 622-1762.

Agency Contact: William T. Lundeen, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3870

RIN: 1545-AO22
_______________________________________________________________________

3562. RESOURCING INCOME TO PREVENT AVOIDANCE OF FOREIGN TAX CREDIT 
LIMITATION RULES RELATING TO FOREIGN LOSSES

Legal Authority:  26 USC 7805; 26 USC 904; 26 USC 1504

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The purpose of the regulation is to require a taxpayer to 
resource the income of any member of an affiliated group of 
corporations, or, alternatively to modify the consolidated return 
regulations, to the extent necessary in order to prevent avoidance of 
the purposes of the foreign tax credit rules.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/17/94                    59 FR 25584


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-6-90.
Drafting attorney: Kenneth D. Allison (202) 622-3860.
Reviewing attorney: Charles P. Besecky (202) 622-3860.
Treasury attorney: Carol Doran-Klein (202) 622-1762.

Agency Contact: Kenneth D. Allison, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC, 202 622-3860

RIN: 1545-AN87
_______________________________________________________________________

3563. APPLICATION OF SECTION 904 TO INCOME SUBJECT TO SEPARATE 
LIMITATIONS AND SECTION 864(E) AFFILIATED GROUP EXPERT ALLOCATION RULES

Legal Authority:  26 USC 7805; 26 USC 904(d)(5); 26 USC 864(e)(7)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations modify proposed income tax regulations 
relating to affiliated group expense allocation rules of section 
864(c)(5) and (6). In addition, the regulations propose changes to the 
section 904(d) final foreign tax credit limitation regulations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/14/92                    57 FR 20660
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: INTL-001-92.
Drafting attorney: Caren S. Shein (202) 622-3850.
Reviewing attorney: Barbara A. Felker (202) 622-3850.
Treasury attorney: Joni Walser (202) 622-1781.

Agency Contact: Caren S. Shein, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3850

RIN: 1545-AQ43
_______________________________________________________________________

3564. INCOME TAX--TAXPAYER'S OBLIGATION TO FILE A NOTICE OF 
REDETERMINATION OF FOREIGN TAX AND CIVIL PENALTIES FOR FAILURE TO FILE

Legal Authority:  26 USC 7805; 26 USC 905 (c); 26 USC 6689

CFR Citation:  26 CFR 1; 26 CFR 301; 26 CFR 602

Legal Deadline: None

Abstract: The regulations will establish procedures for taxpayers by 
which they must notify the Service of a change in foreign tax liability 
for a taxable year for which they claimed the foreign tax credit. The 
regulations provide special rules for redetermining the taxpayer's 
United States tax liability when the dollar value of the foreign 
currency fluctuates between the time for which the foreign tax credit 
is originally claimed and the time for which the foreign tax credit is 
redetermined. In addition, the regulations set forth deadlines for 
compliance with the notification requirements.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/23/88                    53 FR 23659
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-61-86.
Drafting attorney: Caren Shein (202) 622-3850.
Reviewing attorney: Barbara A. Felker (202) 622-3850.
Treasury attorney: Joni Walser (202) 622-1752.

Agency Contact: Caren Shein, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3850

RIN: 1545-AC09
_______________________________________________________________________

3565. FSC TRANSFER PRICING RULES, DISTRIBUTIONS, DIVIDENDS RECEIVED, 
DEDUCTION, AND OTHER SPECIAL RULES FOR FSC

Legal Authority:  26 USC 7805; 26 USC 925(b)(1); 26 USC 925(b)(2); 26 
USC 927(d)(2)(B); 26 USC 927(e)(1) to 927(e)(2)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposal would provide rules for application of the FSC 
transfer pricing rules, distributions, dividends received, deductions 
and other special FSC provisions.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/03/87                     52 FR 6467
NPRM Comment Period End         05/02/87                     52 FR 6467
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: Federal

Additional Information: INTL-153-86.
Drafting attorney: Richard L. Chewning (202) 622-3870.
Reviewing attorney: Jeffrey L. Dorfman (202) 622-3870.
Treasury attorney: Unassigned.

Agency Contact: Richard L. Chewning, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3870

RIN: 1545-AI16
_______________________________________________________________________

3566. INCOME TAX--DEFINITION OF QUALIFIED POSSESSION SOURCE INVESTMENT 
INCOME FOR PURPOSES OF PUERTO RICO AND POSSESSION TAX CREDIT

Legal Authority:  26 USC 7805; 26 USC 936(d)(2)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide rules with respect to what 
constitutes qualified possession source investment income for purposes 
of the Puerto Rico and possession tax credit.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/21/86                     51 FR 2726
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-44-86.
Drafting attorney: W. Edward Williams (202) 874-1490.
Reviewing attorney: George M. Sellinger (202) 874-1490.
Treasury attorney: Warren Crowdus (202) 622-1779.

Agency Contact: W. Edward Williams, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 950 L'Enfant Plaza South SW., 
Washington, DC 20024, 202 874-1490

RIN: 1545-AC10
_______________________________________________________________________

3567. SECTION 936 REGULATIONS

Legal Authority:  26 USC 7805; 26 USC 936(h)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will simplify the computation of combined 
taxable income for companies making an election under section 936(h) of 
the Code; it will revise the determination of the deemed sales price 
for purposes of the leasing rules applicable to such corporations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/12/94                     59 FR 1690
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: INTL-68-92.
Drafting attorney: Margaret Hogan (202) 622-3870.
Reviewing attorney: Jacob Feldman (202) 622-3870.
Treasury attorney: Carol Doran Klein (202) 622-1762.

Agency Contact: Margaret Hogan, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3870

RIN: 1545-AR18
_______________________________________________________________________

3568. CBI INVESTMENTS OF SECTION 936 FUNDS

Legal Authority:  26 USC 7805; 26 USC 936(d)(4)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Will define investments made in qualified Caribbean Basin 
countries that give rise to interests or dividends available for the 
section 936 credit.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/13/91                    56 FR 21963
Hearing                         07/12/91                    56 FR 21963
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: INTL-088-89.
Drafting attorney: W. Edward Williams (202) 874-1490.
Reviewing attorney: George M. Sellinger (202) 874-1490.
Treasury attorney: Unassigned.

Agency Contact: W. Edward Williams, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 950 L'Enfant Plaza South SW., 
Washington, DC 20024, 202 874-1490

RIN: 1545-AM91
_______________________________________________________________________

3569. INSURANCE INCOME

Legal Authority:  26 USC 7805; 26 USC 953

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation defines related person insurance income; and 
sets forth rules regarding the amount of related person insurance 
income to be included in gross income. In addition, the regulation 
defines insurance income under section 953(a), prescribes rules of 
allocation and apportionment of deductions, and prescribes rules for 
the interaction of subchapter L and subchapter N.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/17/91                    56 FR 15540
Hearing                         06/21/91                    56 FR 15570
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-939-86.
Drafting attorney: Valerie A. Mark (202) 622-3840.
Reviewing attorney: Phyllis E. Marcus (202) 622-3840.
Treasury attorney: Carol Dunahoo (202) 622-0726.

Agency Contact: Valerie A. Mark, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3840

RIN: 1545-AJ70
_______________________________________________________________________

3570. SUBPART F DEFINITIONS

Legal Authority:  26 USC 7805; 26 USC 954; 26 USC 957

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Definition of FPHC income. Particular issues include income 
equivalent to interest of property which does not give rise to income.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/21/88                    53 FR 27532
Hearing                         02/09/89                    53 FR 49895
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: INTL-362-88.
Drafting attorney: Lisa G. Sams (202) 622-3840.
Reviewing attorney: Phyllis E. Marcus (202) 622-3840.
Treasury attorneys: Carol Dunahoo (202) 622-0726.

Agency Contact: Lisa G. Sams, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3840

RIN: 1545-AM15
_______________________________________________________________________

3571. EARNINGS AND PROFITS OF CONTROLLED FOREIGN CORPORATIONS

Legal Authority:  26 USC 7805; 26 USC 964

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will develop procedures for foreign 
corporations or U.S. shareholders to make tax elections in computing 
functional currency earnings and profits under the 1986 Code.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/25/90                     55 FR 2535
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: INTL-087-89.
Drafting attorney: Margaret A. Hogan (202) 622-3870.
Reviewing attorney: Barbara A. Felker (202) 622-3850.
Treasury attorney: Unassigned.

Agency Contact: Margaret A. Hogan, Attorney-Adviser, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 202224, 202 622-3870

RIN: 1545-AM90
_______________________________________________________________________

3572. USE OF GAAP EARNINGS AS E&P OF FOREIGN CORPORATIONS

Legal Authority:  26 USC 7805; 26 USC 964; 26 USC 952

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations are proposed as part of Treasury's ongoing 
simplification efforts. The proposed regulations would modify the 
computation of earnings and profits (E&P) of foreign corporations by 
allowing taxpayers to account for inventory costs using capitalization 
methods used for financial accounting purposes rather than the uniform 
capitalization rules required by section 263A. The proposed regulations 
would also permit reliance on financial accounting conventions in 
computing depreciation for foreign corporations deriving less than 20% 
of gross income from U.S. sources and maintaining assets with tax bases 
not materially different from financial book bases. Use of these 
simplified rules may result in an accounting method change which would 
ordinarily require the filing of Form 3115 (Application for Change in 
Accounting Method). However, the proposed regulations waive this filing 
requirement if its conditions are met.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/01/92                    57 FR 29246
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-018-92.
Drafting attorney: Margaret A. Hogan (202) 622-3870.
Reviewing attorney: Barbara A. Felker (202) 622-3850.
Treasury attorney: Unassigned.

Agency Contact: Margaret A. Hogan, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, llll Constitution Avenue NW., 
Washington, DC 20224, 202 622-3870

RIN: 1545-AQ55
_______________________________________________________________________

3573. COMPUTATION AND CHARACTERIZATION OF INCOME OF EARNINGS AND PROFITS 
UNDER THE DOLLAR APPROXIMATE SEPARATE TRANSACTIONS METHOD OF ACCOUNTING 
(DASTM)

Legal Authority:  26 USC 7805; 26 USC 904; 26 USC 954; 26 USC 985

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will address the computation of income in 
hyperinflationary environments.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/17/91                    56 FR 32525
Hearing                         09/13/91                    56 FR 32533
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: INTL-029-91.
Drafting attorney: Jacob Feldman (202) 622-3870.
Reviewing attorney: Jeffrey L. Dorfman (202) 622-3870.
Treasury attorney: Unassigned.

Agency Contact: Jacob Feldman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3870

RIN: 1545-AP70
_______________________________________________________________________

3574. RULES FOR A QBU CHANGING FROM THE PROFIT-AND-LOSS METHOD TO DASTM

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation will provide rules for a qualified business 
unit (``QBU'') changing from the profit and loss method of accounting 
to DASTM and also rules for any adjustments required due to the change 
in method.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/05/93                      58 FR 300
Final Action                    00/00/00

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: INTL-045-92.
Drafting attorney: Jacob Feldman (202) 622-3870.
Reviewing attorney: Barbara Felker (202) 622-3850.
Treasury attorney: Unassigned.

Agency Contact: Jacob Feldman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3870

RIN: 1545-AR28
_______________________________________________________________________

3575. COMPUTATION OF A BRANCH'S TAXABLE INCOME TAXATION OF EXCHANGE GAIN 
OR LOSS ON BRANCH REMITTANCES

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Branch rules on how to translate branch income. Taxation of 
exchange gain or loss on branch remittances.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/25/91                    56 FR 48457
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-965-86.
Drafting attorney: Margaret A. Hogan (202) 622-3870.
Reviewing attorney: Barbara Felker (202) 622-3850.
Treasury attorney: Unassigned.

Agency Contact: Margaret A. Hogan, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3870

RIN: 1545-AM12
_______________________________________________________________________

3576. MARK-TO-MARKET METHOD OF ACCOUNTING UNDER SECTION 988

Legal Authority:  26 USC 7805; 26 USC 989(c)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations allow taxpayers to elect to account 
for exchange gains and losses under a mark-to-market method of 
accounting. The proposed regulation also addresses other matters 
including dual currency bonds, contingent payment bonds denominated in 
a nonfunctional currency, hyperinflationary instruments and certain 
hedging transactions.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/17/92                     57 FR 9217
Final Action                    00/00/00

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: INTL-015-91.
Drafting attorney: Jacob Feldman (202) 622-3870.
Reviewing attorney: Jeffrey L. Dorfman (202) 622-3870.
Treasury attorney: Unassigned.

Agency Contact: Jacob Feldman, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3870

RIN: 1545-AP78
_______________________________________________________________________

3577. INCOME TAX--TAX REFORM ACT OF 1984 RELATING TO INTEREST CHARGE 
DISCS

Legal Authority:  26 USC 7805; 26 USC 995

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The Regulations will provide guidance relating to the 
Interest Charge imposed on DISC shareholders for taxable years ending 
after 1984. The regulations will explain how the Deemed Distribution is 
computed and how the Interest Charge is computed.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            02/02/87                     52 FR 3256
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-043-86.
Drafting attorney: David Bergkuist (202) 622-3860.
Reviewing attorney: Jacob Feldman (202) 622-3870.
Treasury attorney: Unassigned.

Agency Contact: David Bergkuist, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3860

RIN: 1545-AG71
_______________________________________________________________________

3578. MODIFICATIONS OF DEBT INSTRUMENTS

Legal Authority:  26 USC 7805; 26 USC 1001

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This document relates to the treatment of modifications of 
debt instruments as realization events under section 1001 of the 
Internal Revenue Code.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/02/92                    57 FR 57034
Hearing                         02/17/93                    57 FR 57033
Final Action                    11/00/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: FI-31-92.
Drafting attorney: Tom Kelly (202) 622-3940.

Agency Contact: Tom Kelly, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3940

RIN: 1545-AR04
_______________________________________________________________________

3579. INCOME TAX--TRANSFERS OF SECURITIES UNDER CERTAIN AGREEMENTS

Legal Authority:  26 USC 7805; 26 USC 1058

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations would provide that so long as the provisions 
of section 1058 and these regulations are met, the lender will neither 
recognize gain or loss on the transfer of securities nor upon the 
return of identical securities.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/26/83                    48 FR 33912
NPRM Comment Period End         09/26/83                    48 FR 33912
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-182-78.
Drafting attorney: Mark Smith (202) 622-3905.
Reviewing attorney: Al Kraft (202) 622-3920.

Agency Contact: Mark Smith, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3905

RIN: 1545-AC20
_______________________________________________________________________

3580. CERTAIN PAYMENTS MADE PURSUANT TO A SECURITIES LENDING TRANSACTION

Legal Authority:  26 USC 7805; 26 USC 861; 26 USC 871; 26 USC 881; 26 
USC 894; 26 USC 1058; 26 USC 1441

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations concern the source, character and income 
tax treaty treatment of substitute interest and dividend payments made 
pursuant to a transfer of securities described in section 1058(a) or a 
substantially similar transaction between a U.S. person and a foreign 
person. To determine the source and character of cross-order substitute 
payments, a substitute payment will be treated as interest or dividend 
income received with respect to the transferred security. Where a 
treaty looks to U.S. law to define a payment subject to a withholding 
tax, a substitute payment will be treated as interest or dividend 
income with respect to the transferred security.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/09/92                      57 FR 860
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: INTL-106-89.
Drafting attorney: Ramon Camacho (202) 622-3870.
Reviewing attorney: Karl Walli (202) 622-3870.
Treasury attorney: Peter Marrs (202) 622-0724.

Agency Contact: Ramon Camacho, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3870

RIN: 1545-AP71
_______________________________________________________________________

3581. INCOME TAX--SPECIAL ALLOCATION RULES FOR CERTAIN ASSET ACQUISITIONS

Legal Authority:  26 USC 7805; 26 USC 1060; 26 USC 755; 26 USC 338; 26 
USC 167; 26 USC 1031

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will explain and illustrate the application 
of the residual method of allocation to the purchase price in certain 
asset acquisitions. It will also provide certain informational 
reporting requirements.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/18/88                    53 FR 27053
NPRM Comment Period End         11/15/88                    53 FR 32899
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-119-86.
Drafting attorney: Keith Medleau (202) 622-7550.
Reviewing attorney: William Alexander (202) 622-7780.

Agency Contact: Keith Medleau, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-7550

RIN: 1545-AJ06
_______________________________________________________________________

3582. INCOME TAX--TAX REFORM ACT OF 1984 RELATING TO MIXED STRADDLES

Legal Authority:  26 USC 7805; 26 USC 1092(b)(1); 26 USC 1092(b)(2)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide rules relating to mixed 
straddles. The regulations will explain the application of the 
straddle-by-straddle identification rules of mixed straddles and the 
establishment of mixed straddle accounts.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/24/85                     50 FR 3351
NPRM Comment Period End         03/25/85                     50 FR 3351
Hearing                         05/02/85
Final Action                    12/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-299-84.
Drafting attorney: Robert B. Williams (202) 622-3960.
Reviewing attorney: Alice Bennett (202) 622-3950.

Agency Contact: Robert B. Williams, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3960

RIN: 1545-AH59
_______________________________________________________________________

3583. INCOME TAX--ECONOMIC RECOVERY TAX ACT OF 1981 AND THE TAX REFORM 
ACT OF 1984, RELATING TO STRADDLES

Legal Authority:  26 USC 7805; 26 USC 1092 (b)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide rules relating to tax 
straddles. The regulations will explain the general loss deferral rule 
under section 1092, and the application of rules similar to section 
1091 and 1233 to straddles.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/24/85                     50 FR 3352
NPRM Comment Period End         03/25/85                     50 FR 3352
Hearing                         05/02/85
Final Action                    12/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-297-84.
Drafting attorney: Robert B. Williams (202) 622-3960.
Reviewing attorney: Alice Bennett (202) 622-3950.

Agency Contact: Robert B. Williams, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3960

RIN: 1545-AH60
_______________________________________________________________________

3584. INCOME TAX--GAIN FROM DISPOSITION OF INTEREST IN OIL OR GAS 
PROPERTY

Legal Authority:  26 USC 7805; 26 USC 1254; 26 USC 751

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will determine the tax treatment of gain from 
the disposition of certain oil, gas, or geothermal property to 
determine how much of the gain from the disposition is subject to 
recapture under section 1254 and accorded ordinary income treatment. 
The regulations also will define intangible drilling and development 
costs, disposition, and oil, gas and geothermal property for purposes 
of section 1254.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/11/80                    45 FR 39512
NPRM Comment Period End         08/11/80                    45 FR 39512
Hearing                         09/09/80
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-276-76.
Drafting attorney: Brenda Stewart (202) 622-3120.
Reviewing attorney: Joseph H. Makurath (202) 622-3120.
Treasury attorney: Elizabeth Wagner (202) 622-1778.

Agency Contact: Brenda Stewart, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3120

RIN: 1545-AC35
_______________________________________________________________________

3585. DEBT INSTRUMENTS WITH ORIGINAL ISSUE DISCOUNT: ANTI-ABUSE RULE

Legal Authority:  26 USC 7805; 26 USC 1275(d)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation provides an anti-abuse rule relating to the 
tax treatment of debt instruments with original issue discount.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM Comment Period End        02/02/94                     59 FR 4878
NPRM                            02/02/94                     59 FR 4878


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: FI-5-94
Drafting attorney: William E. Blanchard (202) 622-3950.
Reviewing attorney: Andrew C. Kittler (202) 622-3940.
Treasury attorney: David Weisbach (202) 622-1129.

Agency Contact: William E. Blanchard, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3950

RIN: 1545-AS35
_______________________________________________________________________

3586. TREATMENT OF SHAREHOLDERS OF PASSIVE FOREIGN INVESTMENT COMPANIES

Legal Authority:  26 USC 7805; 26 USC 0446; 26 USC 1291; 26 USC 1293; 
26 USC 1295; 26 USC 1297

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation relates to the treatment of shareholders of 
passive foreign investment companies.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/01/92                    57 FR 11024
NPRM Comment Period End         07/30/92                    57 FR 11024
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-656-87.
Drafting attorney: Gayle Novig (202) 622-3880.
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: P. Ann Fisher (202) 622-1755.

Agency Contact: Gayle Novig, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3880

RIN: 1545-AC06
_______________________________________________________________________

3587. PASSIVE FOREIGN INVESTMENT COMPANIES

Legal Authority:  26 USC 7805; 26 USC 1294; 26 USC 1297(b)(1); 26 USC 
1291(d)(2)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Provide guidance to passive foreign investment companies and 
their shareholders that are United States persons about the time, 
manner and other requirements for making certain elections.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/02/88                     53 FR 6781
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-941-86.
Drafting attorney: Gayle Novig (202) 622-3880.
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: P. Ann Fisher (202) 622-1755.

Agency Contact: Gayle Novig, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3880

RIN: 1545-AI33
_______________________________________________________________________

3588. INCOME TAX--DEFINITION OF S CORPORATION

Legal Authority:  26 USC 7805; 26 USC 1361

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will address the following matters: (1) the 
number of permitted shareholders of a small business corporation, (2) 
the types of trusts that are permitted to be shareholders of a small 
business corporation, (3) the rules relating to corporations that are 
ineligible to be an S corporation.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/07/87                    51 FR 35659
NPRM Comment Period End         12/08/87


Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: Undetermined

Additional Information: PS-262-82.
Drafting attorney: Laura Howell (202) 622-3060.
Reviewing attorney: Thomas Hines (202) 622-3060.
Treasury attorney: John Rooney (202) 622-2673.

Agency Contact: Laura Howell, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3060

RIN: 1545-AE86
_______________________________________________________________________

3589. MERGER OF A C CORPORATION INTO AN S CORPORATION

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations deal with the rules relating to the 
recapture of LIFO Benefits under section 1363(d) of the code on the 
merger of a C corporation into and S corporation.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/18/93                    58 FR 43827


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-16-93.
Drafting attorney: Jeffrey A. Erickson (202) 622-3040.
Reviewing attorney: Walter Woo (202) 622-3040.
Treasury attorney: Robert Kilinskis (202) 622-1339.

Agency Contact: Jeffrey A. Erickson, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3040

RIN: 1545-AR50
_______________________________________________________________________

3590. CROSS-REFERENCE--APPLICATION OF SECTION 1374 BUILT-IN GAINS TAX C 
CORPORATIONS ELECTING S CORPORATION STATUS

Legal Authority:  26 USC 7805; 26 USC 1374; 26 USC 337

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposal will provide rules relating to the section 1374 
built-in gains tax to C corporations electing S corporation status.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/08/92                    57 FR 57971
NPRM Comment Period End         04/02/93                    57 FR 57971
Final Action                    12/31/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-80-87.
Drafting attorney: Mark S. Jennings (202) 622-7530.
Reviewing attorney: Nelson F. Crouch (202) 622-7740.
Treasury attorney: David Weisbach (202) 622-1129.

Agency Contact: Mark S. Jennings, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-7530

RIN: 1545-AK93
_______________________________________________________________________

3591. WITHHOLDING ON ITEMS OF INCOME COVERED BY AN INCOME TAX CONVENTION

Legal Authority:  26 USC 7805; 26 USC 1441

CFR Citation:  26 CFR 1; 26 CFR 301

Legal Deadline: None

Abstract: These regulations relate to the withholding on certain items 
of income subject to a reduced rate of, or exemption from, U.S. tax 
under an income tax convention to which the United States is a party. 
These regulations would amend the existing regulations to provide a 
certification requirement for obtaining reduced rates of, or exemption 
from, U.S. withholding tax on payments of fixed or determinable annual 
or periodical income and certain other income.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/10/84                    49 FR 35511
NPRM Comment Period End         11/09/84                    49 FR 35511
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-176-86.
Drafting attorney: Lilo A. Hester (202) 874-1490.
Reviewing attorney: George M. Sellinger (202) 874-1490.
Treasury attorney: P. Ann Fisher (202) 622-1755.

Agency Contact: Lilo A. Hester, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 950 L'Enfant Plaza South SW., Suite 
3319, Washington, DC 20024, 202 874-1490

RIN: 1545-AH86
_______________________________________________________________________

3592. WITHHOLDING OF TAX ON NONRESIDENT ALIENS

Legal Authority:  26 USC 7805; 26 USC 1441

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Section 864(c)(6) of the Code, added in 1986, had the 
unintended effect of allowing nonresident alien individuals to elect 
out of all withholding on pension payments from qualified plans. The 
regulation corrects this inadvertent loophole and requires withholding 
on such payments.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            02/05/90                     55 FR 3750
Final Action                    00/00/00

Small Entities Affected: Businesses, Governmental Jurisdictions

Government Levels Affected: State, Local, Tribal, Federal

Additional Information: INTL-660-89.
Drafting attorney: Carol P. Tello (202) 622-3880.
Reviewing attorney: Unassigned.
Treasury attorney: P. Ann Fisher (202) 622-1755.

Agency Contact: Carol P. Tello, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3880

RIN: 1545-AN75
_______________________________________________________________________

3593. GENERAL REVISION OF SECTION 1441 REGULATIONS

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: General revision of section 1441 withholding regulations to 
accommodate changes to the tax law since these rules were issued.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           04/25/90                    55 FR 17455
Final Action                    00/00/00

Small Entities Affected: Businesses, Organizations

Government Levels Affected: None

Additional Information: INTL-062-90.
Drafting attorney: Robert Lorence (202) 622-3880.
Reviewing attorney: Christine Halphen (202) 622-3810.
Treasury attorney: Unassigned.

Agency Contact: Robert Lorence, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3880

RIN: 1545-AO27
_______________________________________________________________________

3594. TEMPORARY REGULATION ON WITHHOLDING TAX ON PAYMENTS FROM 
PARTNERSHIPS TO FOREIGN PARTNERS

Legal Authority:  26 USC 7805; 26 USC 1446

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation explains under what circumstances withholding 
is required under section 1446. It also explains the timing of 
withholding and how to pay over the withheld amounts to the Internal 
Revenue Service. Section 1446 was substantially amended by the 
Technical and Miscellaneous Revenue Act of 1988.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: INTL-938-86.
Drafting attorney: Thomas L. Ralph (202) 622-3880.
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: Unassigned.

Agency Contact: Thomas L. Ralph, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3880

RIN: 1545-AL32
_______________________________________________________________________

3595. CONSOLIDATED RETURN REGULATIONS; ADJUSTMENT ON DISPOSITION OF STOCK 
OF SUBSIDIARY

Legal Authority:  26 USC 7805; 26 USC 1502

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will finalize temporary regulation 1.1502-32T 
concerning basis reduction accounts that are created when a subsidiary 
is deconsolidated but members of the affiliated group retain some stock 
in the deconsolidated subsidiary.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/14/88                     53 FR 8773
NPRM Comment Period End         05/16/88                     53 FR 8773


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-28-88.
Drafting attorney: Steven Teplinsky (202) 622-7770.
Reviewing attorney: John Broadbent (202) 622-7710.

Agency Contact: Steve Teplinsky, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-7770

RIN: 1545-AL59
_______________________________________________________________________

3596. ADJUSTMENTS REFLECTING A RESTRUCTURING OF A CONSOLIDATED GROUP

Legal Authority:  26 USC 7805; 26 USC 1502

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation provides rules for determining the basis and 
the earnings and profits of members of a consolidated group following 
certain changes in the structure of the group where the group remains 
in existence. This regulation also provides for alternative agents of 
the group if the common parent ceases to be the common parent.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/08/88                    53 FR 34779
Hearing                         09/18/89                    54 FR 28683
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-66-88.
Drafting attorney: Steven Teplinsky (202) 622-7770.
Reviewing attorney: John Broadbent (202) 622-7710.
Treasury attorney:

Agency Contact: Steven Teplinsky, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-7770

RIN: 1545-AL62
_______________________________________________________________________

3597. CONSOLIDATED GROUPS AND CONTROLLED GROUPS - INTERCOMPANY 
TRANSACTIONS AND RELATED RULES

Legal Authority:  26 USC 7805; 26 USC 1502

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide guidance relating to the 
treatment of intercompany transaction and distributions between members 
of consolidated groups and transactions controlled groups.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/15/94                    59 FR 18011
NPRM Comment Period End         07/18/94                    59 FR 18011


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-11-91.
Drafting attorney: Roy Hirschhorn (202) 622-7770.
Reviewing attorney: Edward S. Cohen (202) 622-7760.
Reviewing attorney: John Broadbent (202) 622-7710.
Treasury attorney: Mary Heath (202) 622-0868.

Agency Contact: Roy Hirschhorn, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-7770

RIN: 1545-AL63
_______________________________________________________________________

3598. CONSOLIDATED ALTERNATIVE MINIMUM TAX

Legal Authority:  26 USC 1502; 26 USC 53; 26 USC 55; 26 USC 56; 26 USC 
57; 26 USC 58; 26 USC 59; 26 USC 59A

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will provide corporate taxpayers joining in 
the filing of a consolidated federal income return with guidance 
necessary to calculate their alternative minimum tax liability.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/30/92                    57 FR 62251
Final Action                    10/00/94

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: IA-057-89.
Drafting attorney: Martin Scully (202) 622-4960.
Reviewing attorney: Stephen Toomey (202) 622-4960.

Agency Contact: Martin Scully, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-4960

RIN: 1545-AN73
_______________________________________________________________________

3599. LIMITATIONS ON THE USE OF CERTAIN LOSSES AND BUILT-IN DEDUCTIONS

Legal Authority:  26 USC 1502

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposed regulations provide rules for computing the 
limitation with respect to separate return limitation year losses.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            02/04/91                     56 FR 4229
NPRM Comment Period End         03/29/91                     56 FR 4229
Hearing                         04/08/91                     56 FR 4243
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-078-90.
Drafting attorney: David Madden (202) 622-7540.
Reviewing attorney: Charles Whedbee (202) 622-7550.

Agency Contact: David Madden, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-7540

RIN: 1545-AP15
_______________________________________________________________________

3600. INVESTMENT ADJUSTMENTS

Legal Authority:  26 USC 7805; 26 USC 1502; 26 USC 1503; 26 USC 301; 26 
USC 165; 26 USC 304

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations modify and simplify the investment 
adjustment rules of the consolidated return regulations. In addition, 
various related provisions of the consolidated return regulations are 
also revised.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/12/92                    57 FR 53634
First Hearing                   12/18/92                    57 FR 53634
Second Hearing                  03/04/93                    58 FR 54957
Final Action                    10/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-030-92.
Drafting attorney: Steve Teplinsky (202) 622-7770.
Reviewing attorney: Edward S. Cohen (202) 622-7760.
Treasury attorney: Andrew Dubroff (202) 622-1766.

Agency Contact: Steven Teplinsky, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-7770

RIN: 1545-AQ69
_______________________________________________________________________

3601. CROSS-REFERENCE--ALASKA NATIVE CORPORATIONS; REQUIREMENTS FOR 
AFFILIATION IN ORDER TO FILE A CONSOLIDATED RETURN

Legal Authority:  26 USC 7805; 26 USC 1504; 26 USC 1502

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposal will provide rules relating to the affiliated 
requirements of Alaska Native Corporations with certain other 
corporations in order to file a consolidated return.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/18/87                     52 FR 8471
Final Action                    12/31/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: CO-23-87.
Drafting attorney: Mark S. Jennings (202) 622-7530.
Reviewing attorney: Wayne Murray (202) 622-7530.

Agency Contact: Mark S. Jennings, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-7530

RIN: 1545-AK88
_______________________________________________________________________

3602. MILLION-DOLLAR CAP ON DEDUCTION FOR EXECUTIVE COMPENSATION

Legal Authority:  26 USC 162(m)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide rules relating to the 
$1,000,000 deduction limit of section 162(m).

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/20/93                    58 FR 66310
NPRM Comment Period End         02/18/94


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: EE-61-93
Drafting Attorneys - Charles Deliee and Robert Misner
(202)622-6060

Agency Contact: Robert Misner, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-6060

RIN: 1545-AS23
_______________________________________________________________________

3603. ESTATE AND GIFT TAXES--INCLUSION OF STOCK IN ESTATE WHERE DECEDENT 
RETAINED VOTING RIGHTS

Legal Authority:  26 USC 7805; 26 USC 2036 (a)

CFR Citation:  26 CFR 20

Legal Deadline: None

Abstract: These regulations will provide the extent to which the 
retention of voting rights by a transferor of stock will require that 
the value of that stock be included in the transferor's gross estate.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/03/83                    48 FR 35143
NPRM Comment Period End         11/03/83                    48 FR 35143
Final Action                    10/00/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-181-76.
Drafting attorney: Lane H. Damazo (202) 622-3090.
Reviewing attorney: Lee Dunn (202) 622-3090.
Treasury attorney: Monte Jackel (202) 622-1338.

Agency Contact: Lane H. Damazo, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3090

RIN: 1545-AC63
_______________________________________________________________________

3604. ESTATE AND GIFT TAXES--INCREASE IN LIMITATIONS ON MARITAL 
DEDUCTIONS

Legal Authority:  26 USC 7805; 26 USC 2012; 26 USC 2014; 26 USC 2055; 
26 USC 2056; 26 USC 2207A; 26 USC 2519; 26 USC 2523; 26 USC 6019

CFR Citation:  26 CFR 20; 26 CFR 25

Legal Deadline: None

Abstract: These regulations will clarify the estate and gift tax 
treatment of transfers of property between spouses. They will provide 
how an executor may elect to treat certain property as qualified 
terminable interest property, in which case the imposition of transfer 
taxes will be delayed until the later of (1) the surviving spouse's 
disposition of an interest in the property or (2) the surviving 
spouse's death.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/21/84                    49 FR 21350
NPRM Comment Period End         07/20/84                    49 FR 21350
Final Action                    10/00/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-211-76.
Drafting attorney: Susan Hurwitz (202) 622-3090.
Reviewing attorney: George Masnik (202) 622-3090.

Agency Contact: Susan Hurwitz, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3090

RIN: 1545-AC67
_______________________________________________________________________

3605. ALIEN SPOUSE MARITAL DEDUCTION

Legal Authority:  26 USC 2056; 26 USC 2056A; 26 USC 2523; 26 USC 2106; 
26 USC 6324; 26 USC 2503; 26 USC 2001

CFR Citation:  26 CFR 20; 26 CFR 25

Legal Deadline: None

Abstract: These regulations will clarify the estate and gift tax 
treatment of transfers of property where the surviving spouse or donee 
spouse is not a United States citizen. The regulations will prescribe 
how certain transfers to a qualified domestic trust for the benefit of 
an alien spouse will qualify for the estate tax marital deduction. The 
regulations will also describe the manner in which an estate tax is 
imposed in the case of any principal distribution from a qualified 
domestic trust before the death of the surviving spouse and upon the 
value of the property remaining in the trust on the surviving spouse's 
death.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/05/93                      58 FR 305
Final Action                    10/00/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-102-88.
Drafting attorney: Susan Hurwitz (202) 622-3090.
Reviewing attorney: George Masnik (202) 622-3090.

Agency Contact: Susan Hurwitz, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3090

RIN: 1545-AM85
_______________________________________________________________________

3606. ESTATE TAX--GENERATION SKIPPING TRANSFER TAX

Legal Authority:  26 USC 7805; 26 USC 2653; 26 USC 2662; 26 USC 2663

CFR Citation:  26 CFR 26; 26 CFR 26a

Legal Deadline: None

Abstract: The regulations will provide rules relating to the effective 
date provisions, return requirements, definitions, and certain special 
rules for the tax on generation skipping transfers.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/15/88                     53 FR 8469
NPRM Comment Period End         05/16/88                     53 FR 8469
Final Action                    10/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-128-86.
Drafting attorney: Fredric E. Grundeman (202) 622-3090.
Reviewing attorney: George Masnik (202) 622-3090.
Treasury attorney: Monte Jackel (202) 622-0871.

Agency Contact: Fredric E. Grundeman, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3090

RIN: 1545-AJ11
_______________________________________________________________________

3607. ESTATE TAX--GENERATION-SKIPPING TRANSFER TAX

Legal Authority:  26 USC 7805; 26 USC 2663

CFR Citation:  26 CFR 26

Legal Deadline: None

Abstract: The regulations will provide rules relating to certain 
definitions, the allocation of the transferor's GST exemption, and the 
determination of the inclusion ratio. The project will also consider 
amendments made in 1989 by sections 7811(j)(2) and (4) of P.L. 101-239 
to code sections 2642(b)(1) and (3) and 2654(a)(1).

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/24/92                    57 FR 61356
NPRM Comment Period End         03/31/93                     58 FR 4372
Hearing                         04/21/93                     58 FR 4372
Final Action                    10/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-73-88.
Drafting attorney: Frederic E. Grundeman (202) 622-3090.
Reviewing attorney: George Masnik (202) 622-3090.
Treasury attorney: Monte Jackel (202) 622-0871.

Agency Contact: Frederic E. Grundeman, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3090

RIN: 1545-AL75
_______________________________________________________________________

3608. EMPLOYMENT TAX--TO REQUIRE WITHHOLDING OF SOCIAL SECURITY AND 
RAILROAD RETIREMENT TAX FROM CERTAIN PAYMENTS OF SICK PAY

Legal Authority:  26 USC 7805; 26 USC 3121; 26 USC 3231; PL 97-123, sec 
3

CFR Citation:  26 CFR 31

Legal Deadline: None

Abstract: The regulations will provide guidance to third parties paying 
sick pay which is subject to social security or railroad retirement 
tax, employees receiving the sick pay, and employers of the employees.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action Effective          01/01/82
NPRM                            07/06/82                    47 FR 29266
NPRM Comment Period End         09/06/82
Final Action                    10/00/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-23-82.
Drafting attorney: Renay France (202) 622-4910.
Reviewing attorney: John M. Coulter (202) 622-4910.

Agency Contact: Renay France, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-4910

RIN: 1545-AC77
_______________________________________________________________________

3609. UPDATE OF RAILROAD RETIREMENT TAX ACT REGULATIONS

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 31

Legal Deadline: None

Abstract: Update existing regulations by removing obsolete provisions 
and adding new provisions to reflect statutory changes since the 
publication of the existing regulations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/13/93                    58 FR 28366
NPRM Comment Period End         07/12/93
Hearing                         08/30/93


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-63-92.
Drafting attorney: Jean Whalen (202) 622-6040.
Reviewing attorney: Jerry Holmes (202) 622-6040.
Treasury attorney: Kevin Knopf (202) 622-0832.

Agency Contact: Jean Whalen, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-6040

RIN: 1545-AR08
_______________________________________________________________________

3610. BACKUP WITHHOLDING UNDER SECTION 3406

Legal Authority:  26 USC 7805; 26 USC 3406

CFR Citation:  26 CFR 31

Legal Deadline: None

Abstract: The regulations will provide that a tax equal to 20 percent 
of any reportable payment is required to be withheld if certain 
conditions exist. With respect to reportable interest or dividends, 
backup withholding applies if (1) no number is provided in the manner 
required, (2) the Service notifies the payor that the payee's taxpayer 
identification number is not correct, (3) the payee is subject to 
backup withholding due to a notified payee underreporting, and (4) the 
payee fails to certify when required that he or she is not subject to 
backup withholding due to notified payee underreporting. With respect 
to other reportable payments (such as rents, royalties, nonemployee 
compensation, broker transactions, or barter exchanges), backup 
withholding applies if (1) no taxpayer identification number is 
provided, or (2) the Service notifies the payor that the payee's 
taxpayer identification number is not correct.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/27/90                    55 FR 39427
Hearing                         03/04/91                    55 FR 48867
NPRM                            09/23/91                    56 FR 47929
Hearing                         11/19/91                    56 FR 47921
Final Action                    12/31/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-224-82.
Drafting attorney: Renay France (202) 622-4910.
Reviewing attorney: John M. Coulter, Jr. (202) 622-4910.
Treasury attorney: Elizabeth Wagner (202) 622-1778.

Agency Contact: Renay France, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-4910

RIN: 1545-AE20
_______________________________________________________________________

3611. INFORMATION REPORTING AND BACKUP WITHHOLDING

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1; 26 CFR 31; 26 CFR 35a

Legal Deadline: None

Abstract: This regulation relates to the requirement that certain 
payments must be reported to the Internal Revenue Service and that in 
certain instances 31 percent of a reportable payment must be deducted 
and withheld under section 3406 of the Internal Revenue Code. However, 
where a foreign person is an exempt recipient or has submitted a Form 
W-8, 1001 or 4224, no reporting or backup withholding generally is 
required.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            02/29/88                    53 FR 05991
Hearing                         06/15/89                    54 FR 11236
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-052-86.
Drafting attorney: Teresa B. Hughes (202) 622-3870.
Reviewing attorney: Charles Saverude (202) 622-3800.
Treasury attorney: P. Ann Fisher (202) 622-1755.

Agency Contact: Teresa B. Hughes, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3870

RIN: 1545-AL99
_______________________________________________________________________

3612. TIN MATCHING PROGRAM

Legal Authority:  26 USC 7805; 26 USC 3406(i)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The proposed regulations would allow the Internal Revenue 
Service to implement a Tax Payer Identification Number (TIN) matching 
program.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/22/94                    59 FR 13470
Hearing                         03/22/94                    59 FR 13470
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-08-92
Drafting attorney: Renay France (202) 622-4910
Reviewing attorney: John Coulter (202) 622-4910
Treasury attorney: Elizabeth Wagner (202) 622-1778

Agency Contact: Renay France, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-4910

RIN: 1545-AR72
_______________________________________________________________________

3613. TREATMENT OF REAL ESTATE AGENTS AND DIRECT SELLERS AS NONEMPLOYEES 
FOR EMPLOYMENT TAX PURPOSES--REPORTING REQUIREMENTS WITH RESPECT TO 
DIRECT SELLERS

Legal Authority:  26 USC 7805; 26 USC 3508; 26 USC 3509; 26 USC 6041A

CFR Citation:  26 CFR 1; 26 CFR 31

Legal Deadline: None

Abstract: The proposed regulations would provide rules for the 
treatment of real estate agents and direct sellers as independent 
contractors for employment tax purposes. The proposed rules would also 
provide guidance for the reporting requirements of sales to direct 
sellers. The proposed rules would also provide guidance for computing 
certain employer liability for employment taxes.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/07/86                      51 FR 619
NPRM Comment Period End         03/10/86                      51 FR 619
Hearing                         06/18/86
Final Action                    12/31/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-37-88.
Drafting attorney: Alfred Kelley (202) 622-6040.
Reviewing attorney: Jerry Holmes (202) 622-6040.

Agency Contact: Alfred Kelley, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-6040

RIN: 1545-AE62
_______________________________________________________________________

3614. RETAIL EXCISE TAXES ON CERTAIN LUXURY ITEMS

Legal Authority:  26 USC 7805; 26 USC 4004

CFR Citation:  26 CFR 48

Legal Deadline: None

Abstract: These regulations relate to the retailers excise taxes on 
certain luxury items.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/02/91                       56 FR 36
NPRM Comment Period End         03/04/91                       56 FR 36
Hearing                         04/29/91                    56 FR 11979


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-094-90.
Drafting attorney: Edward Madden (202) 622-3130.
Reviewing attorney: Jeffrey Nelson (202) 622-3130.

Agency Contact: Edward Madden, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3130

RIN: 1545-AP24
_______________________________________________________________________

3615. EXCISE TAX--EXCISE TAX ON HEAVY TRUCKS, TRUCK TRAILERS AND 
SEMITRAILERS, AND TRACTORS

Legal Authority:  26 USC 4052

CFR Citation:  26 CFR 48

Legal Deadline: None

Abstract: These regulations will clarify the definition of first retail 
sale.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/12/88                    53 FR 16882


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-17-86.
Drafting attorney: Edward Madden (202) 622-3130.
Reviewing attorney: Richard A. Kocak (202) 622-3130.

Agency Contact: Edward Madden, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3130

RIN: 1545-AI51
_______________________________________________________________________

3616. DIESEL FUEL EXCISE TAX

Legal Authority:  26 USC 7805; 26 USC 4081; 26 USC 6427

CFR Citation:  26 CFR 48

Legal Deadline: None

Abstract: These regulations relate to the Diesel fuel excise tax 
effective January 1, 1994. Determination of taxable events; person 
liable for the tax; exemptions including dying; and the rules for 
ultimate vendors who claim credit or refund.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           08/26/93                    58 FR 45081
NPRM                            11/30/93                    58 FR 63131
NPRM Comment Period End         01/31/94                    58 FR 63131
Final Action                    12/00/94

Small Entities Affected: Businesses

Government Levels Affected: State

Additional Information: PS-52-93
Drafting attorney: Frank Boland (202) 622-3130.
Reviewing attorney: Richard Kocak (202) 622-3130.
Treasury attorney: Elizabeth Wagner (202) 622-1778.

Agency Contact: Frank Boland, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington DC 
20224, 202 622-3130

RIN: 1545-AR92
_______________________________________________________________________

3617. VACCINE EXPORTS

Legal Authority:  26 USC 7805; 26 USC 4221; 26 USC 6416

CFR Citation:  26 CFR 48

Legal Deadline: None

Abstract: These regulations relate to the extent to which vaccines may 
be exported free of the tax imposed by section 4131.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/20/93                    58 FR 48801
NPRM Comment Period End         11/19/93                    58 FR 48801
Final Action                    10/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-7-93.
Drafting attorney: Edward Madden (202) 622-3130.
Reviewing attorney: Richard Kocak (202) 622-3130.
Treasury attorney: John Parcell (202) 622-2578.

Agency Contact: Edward Madden, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3130

RIN: 1545-AR38
_______________________________________________________________________

3618. TAX ON PETROLEUM

Legal Authority:  26 USC 7805; 26 USC 4611; 26 USC 4612

CFR Citation:  26 CFR 52

Legal Deadline: None

Abstract: The regulations relate to tax on petroleum under section 4611 
of the Code.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/26/93                    58 FR 21963


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-158-86.
Drafting attorney: Ruth Hoffman (202) 622-3130.
Reviewing attorney: Dick Kocak (202) 622-3130.
Treasury attorney: Elizabeth Wagner (202) 622-1778.

Agency Contact: Ruth Hoffman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3130

RIN: 1545-AJ23
_______________________________________________________________________

3619. EXPORTS OF OZONE-DEPLETING CHEMICALS

Legal Authority:  26 USC 7805; 26 USC 4682(d)(3)

CFR Citation:  26 CFR 52

Legal Deadline: None

Abstract: These regulations relate to the exemption from tax for 
exports of ozone-depleting chemicals.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/15/93                     58 FR 4625
NPRM Comment Period End         03/16/93


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-89-91.
Drafting attorney: Ruth Hoffman (202) 622-3130.
Reviewing attorney: Dick Kocak (202) 622-3130.
Treasury attorney: Elizabeth Wagner (202) 622-1778.

Agency Contact: Ruth Hoffman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3130

RIN: 1545-AQ23
_______________________________________________________________________

3620. EXCISE TAX--EXCESS DISTRIBUTIONS FROM QUALIFIED RETIREMENT PLANS

Legal Authority:  26 USC 7805; 26 USC 4981A; 26 USC 4980A

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide rules for determining the amount 
of the excise tax on excess distributions from qualified retirement 
plans.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/10/87                    52 FR 46782
NPRM Comment Period End         02/08/88                    52 FR 46782
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-162-86.
Drafting attorney: Marjorie Hoffman (202) 622-6030.
Reviewing attorney: A. Thomas Brisendine (202) 622-6030.

Agency Contact: Marjorie Hoffman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-6030

RIN: 1545-AI81
_______________________________________________________________________

3621. EXCISE TAX--ISSUES ARISING WHERE MULTIPLE PARTIES SHARE IN 
PRODUCTION, INCLUDING UNITIZATIONS, PARTNERSHIPS, TRUSTS, AND ESTATES

Legal Authority:  26 USC 7805; 26 USC 4986 to 4998

CFR Citation:  26 CFR 51

Legal Deadline: None

Abstract: These regulations will provide rules relating to production 
from a unitized property of imputed stripper well crude oil, imputed 
heavy crude oil, and imputed newly discovered crude oil for purposes of 
the windfall profit tax. The regulations will provide rules for 
determining the amount of imputed oil and rules for allocating the 
imputed oil among the producers of the unitized property.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/30/86                    51 FR 34653
NPRM Comment Period End         12/01/86
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: PS-225-81.
Drafting attorney: Lisa Shuman (202) 622-3120.
Reviewing attorney: Joseph Makurath (202) 622-3176.
Treasury attorney: Elizabeth Wagner (202) 622-1778.

Agency Contact: Lisa Shuman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3120

RIN: 1545-AC94
_______________________________________________________________________

3622. EXCISE TAX--DEFINITION OF PROPERTY UNDER THE CRUDE OIL WINDFALL 
PROFIT TAX ACT 1980

Legal Authority:  26 USC 7805; 26 USC 4996

CFR Citation:  26 CFR 51

Legal Deadline: None

Abstract: These proposed regulations will provide rules relating to the 
definition of ``property'' for purposes of the crude oil windfall 
profit tax. These regulations are important because the rate of tax 
depends, in part, on the characteristics of the property from which the 
crude oil is produced.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            09/25/86                    51 FR 34095
NPRM Comment Period End         11/24/86                    51 FR 34095
Hearing                         02/25/87
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-34-82.
Drafting attorney: Lisa Shuman (202) 622-3120.
Reviewing attorney: Joseph Makurath (202) 622-3120.
Treasury attorney: Elizabeth Wagner (202) 622-1778.

Agency Contact: Lisa Shuman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3120

RIN: 1545-AD08
_______________________________________________________________________

3623. EXCISE TAX--PART 54--PROCEDURE AND ADMINISTRATION; PART 301 --
FILING OF RETURNS FOR PAYMENT OF PENSION EXCISE TAX ON REVERSIONS OF 
QUALIFIED PLAN ASSETS

Legal Authority:  26 USC 7805; 26 USC 4980

CFR Citation:  26 CFR 54; 26 CFR 602

Legal Deadline: None

Abstract: The regulations would provide guidance regarding the payment 
of the excise tax by employers receiving reversions of qualified plan 
assets imposed by section 4980 of the Internal Revenue Code of 1986.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/02/87                    52 FR 10583
NPRM Comment Period End         06/01/87                    52 FR 10583
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-151-86.
Drafting Tax Law Specialist: Vernon Carter (202) 622-6070.
Reviewing attorney: James L. Brokaw (202) 622-6070.

Agency Contact: Vernon Carter, Tax Law Specialist, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-6070

RIN: 1545-AI83
_______________________________________________________________________

3624. TELEFILE VOICE SIGNATURE TEST/VOICE SIGNATURE ALTERNATIVE

Legal Authority:  26 USC 7805; 26 USC 6012

CFR Citation:  26 CFR 1.6001-1 to 1.6109-2; 26 CFR 602

Legal Deadline: None
This regulation needs to be published by January 5, 1994, so that 
eligible taxpayers may participate in the test.

Abstract: The regulations will provide that an individual Federal 
income tax return completed as part of the Telefile Voice Signature 
test will be treated as a return that is signed, authenticated, 
verified, and filed by the taxpayer as required by the Internal Revenue 
Code.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/27/93                    58 FR 68335
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: Undetermined

Additional Information: IA-38-93
Drafting attorney: Celia Gabrysh (202) 622-4940.
Reviewing attorney: Rudolf Planert (202) 622-4940.
Treasury attorney: Val Strehlow (202) 622-0869.

Agency Contact: Celia Gabrysh, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-4940

RIN: 1545-AR69
_______________________________________________________________________

3625. INCOME TAX--AMENDMENTS TO REQUIREMENTS FOR RETURN OF PARTNERSHIP 
INCOME

Legal Authority:  26 USC 7805; 26 USC 6031

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations will provide guidelines for determining when 
and what information a partnership must provide to its partners. The 
regulations also provide guidelines for determining what foreign 
partnerships must file information returns.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/23/86                     51 FR 3075
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-198-82.
Drafting attorney: William Kostak (202) 622-4895.
Reviewing attorney: William O'Shea (202) 622-3070.

Agency Contact: William Kostak, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-4895

RIN: 1545-AE40
_______________________________________________________________________

3626. INFORMATION RETURNS REQUIRED OF UNITED STATES PERSONS WITH RESPECT 
TO CERTAIN FOREIGN CORPORATIONS

Legal Authority:  26 USC 7805; 26 USC 6038

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This notice of proposed rulemaking would clarify certain 
requirements of section 1.6038-2 of the income tax regulations relating 
to Form 5471 (Information Return requires of certain U.S. persons with 
respect to annual accounting periods of certain foreign corporations).

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/07/92                    57 FR 29851
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IL-079-91
Drafting attorney: Carl P. Cooper (202) 622-3840.
Reviewing attorney: Unassigned.
Treasury attorney: Unassigned.

Agency Contact: Carl M. Cooper, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3840

RIN: 1545-AQ06
_______________________________________________________________________

3627. INFORMATION FROM PASSPORT AND IMMIGRATION APPLICANTS

Legal Authority:  26 USC 7805; 26 USC 6039E

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The regulation will prescribe the information to be gathered 
by the State Department and Immigration and Naturalization Service on 
passport and green card applicants and the penalties to be imposed on 
such applicants if they do not supply the information.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/24/92                    57 FR 61373
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: INTL-978-86.
Drafting attorney: Ricardo A. Cadenas (202) 874-1490.
Reviewing attorney: George Sellinger (202) 874-1490.
Treasury attorney: P. Ann Fisher (202) 622-1755.

Agency Contact: Ricardo A. Cadenas, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 950 L'Enfant Plaza South SW., Suite 
3319, Washington, DC 20024, 202 874-1490

RIN: 1545-AJ93
_______________________________________________________________________

3628. INFORMATION RETURNS ON SALES THROUGH COD ACCOUNTS

Legal Authority:  26 USC 7805; 26 USC 6045

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulations provide a special rule for broker reporting 
with respect to transactions made through a cash on delivery account 
(COD). In addition, these regulations make technical corrections to the 
list of recipients exempted from coverage under the reporting 
requirement, and expand the class of brokers which qualify for the 
multiple broker rule.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/29/84                    49 FR 22343
NPRM Comment Period End         07/30/84                    49 FR 22343
Final Action                    03/31/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-62-84.
Drafting attorney: John Moriarty (202) 622-4950.
Reviewing attorney: David L. Crawford (202) 622-4950.

Agency Contact: John Moriarty, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-4950

RIN: 1545-AG52
_______________________________________________________________________

3629. OBLIGATION OF BROKERS TO REPORT ORIGINAL ISSUE DISCOUNT ON FORM 
1099

Legal Authority:  26 USC 7805; 26 USC 6049

CFR Citation:  26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: The regulation explains the revised reporting requirements 
for original issue discount on debt instruments held by brokers and 
other middlemen as nominees to make it clear that a broker or middleman 
has an unqualified obligation to report original issue discount on 
certain debt instruments held as a nominee.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/17/86                    51 FR 45131
NPRM Comment Period End         02/17/87                    51 FR 45131


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-144-85.
Drafting attorney: Dianne O. Umberger (202) 622-3960.
Reviewing attorney: Alice Bennett (202) 622-3950.

Agency Contact: Dianne O. Umberger, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3960

RIN: 1545-AM80
_______________________________________________________________________

3630. VOICE SIGNATURES

Legal Authority:  26 USC 6061; 26 USC 6012

CFR Citation:  26 CFR 1.6012-7T; 26 CFR 1.6061-2T; 26 CFR 1.6065-2T

Legal Deadline: None

Abstract: The regulations will enable the Service to accept a voice 
signature in lieu of a handwritten signature. This will allow the 
Service to test the feasibility of voice signatures for one year with 
certain taxpayers who live in the geographic area of the Cincinnati 
district office. The regulations also address the effect of a taxpayer 
using a voice signature.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/13/93                     58 FR 4125
Final Action                    12/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-15-92.
Drafting attorney: Celia Gabrysh (202) 622-4940.
Reviewing attorney: Rudolf Planert (202) 622-4940.

Agency Contact: Celia Gabrysh, Atorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-4940

RIN: 1545-AQ68
_______________________________________________________________________

3631. AUTHORITY OF THE FCIC TO REQUIRE EMPLOYER IDENTIFICATION NUMBERS 
FOR CERTAIN TAXPAYERS

Legal Authority:  26 USC 7805

CFR Citation:  25 CFR 301.6109-3

Legal Deadline: None

Abstract: The regulations would provide that the manager of the Federal 
Crop Insurance Corporation may require each policyholder and each 
reinsured company to furnish to the insurer or the manager the employer 
identification number of the policyholder.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/31/92                    57 FR 39379
NPRM Comment Period End         09/30/92
Final Action                    04/15/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-4-92.
Drafting attorney: Beverly Baughman (202) 622-4940.
Reviewing attorney: George Baker (202) 622-4920.
Treasury attorney: Evelyn Elgin (202) 622-1338.

Agency Contact: Beverly Baughman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-4940

RIN: 1545-AQ49
_______________________________________________________________________

3632. SECTION 6111, RELATING TO TAX SHELTER REGISTRATION

Legal Authority:  26 USC 7805; 26 USC 6111

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: These regulations will provide rules explaining what 
investments are tax shelters that must be registered with the Internal 
Revenue Service. The project will also provide rules relating to the 
persons required to register tax shelters and to the furnishing of tax 
shelter registration numbers to investors in tax shelters.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/15/84                    49 FR 32728
NPRM Comment Period End         10/15/84                    49 FR 32728
Hearing held                    01/17/85
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: None

Additional Information: PS-142-84.
Drafting attorney: Martin Schaffer (202) 622-3080.
Reviewing attorney: William P. O'Shea (202) 622-3070.

Agency Contact: Martin Schaffer, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3080

RIN: 1545-AG45
_______________________________________________________________________

3633. 6114 REPORTING REQUIREMENTS WAIVED

Legal Authority:  26 USC 7805; 26 USC 6114

CFR Citation:  26 CFR 301; 26 CFR 602

Legal Deadline: None

Abstract: The regulation will provide that reporting under section 6114 
is required in situations where the residency of an individual is 
determined under a treaty and apart from the Code.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/27/92                    57 FR 15272
NPRM Comment Period End         06/26/92                    57 FR 15272
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: Undetermined

Additional Information: INTL-121-90.
Drafting attorney: David A. Juster (202) 622-3850.
Reviewing attorney: Bernard Bress (202) 622-3850.
Treasury attorney: P. Ann Fisher (202) 622-1755.
This regulation project has been split with INTL-40-94.

Agency Contact: David A. Juster, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3850

RIN: 1545-AP35
_______________________________________________________________________

3634. INTEREST-FREE ADJUSTMENTS

Legal Authority:  26 USC 7805; 26 USC 6205

CFR Citation:  26 CFR 31.6205-1(a)(3); 26 CFR 31.6205-1(b); 26 CFR 
31.6205-1(c); 26 CFR 31.6205-1(d)

Legal Deadline: None

Abstract: Under section 6205(a)(1) of the Code if less than the correct 
amount of tax imposed under the FICA, the RRTA, or the income tax 
withholding provisions is paid with respect to any payment of wages or 
compensation, proper adjustments; with respect to both the tax and 
amount to be deducted, must be made without interest in such manner and 
in such times as the Secretary may by regulations prescribe. The 
proposed amendments would add language to clarify that an interest-free 
adjustment can be made in certain situations in which th error is 
ascertained before the appropriate return is filed. The proposed 
amendments are intended to apply only to situations in which no return 
was filed because the employer improperly failed to treat its workers 
as employees.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/10/92                    57 FR 58423
NPRM Comment Period End         02/08/93                    57 FR 58423
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-12-92.
Drafting Tax Law Specialist: Karin Loverud (202) 622-6060.
Reviewing attorney: Ronald Moore (202) 622-6050.

Agency Contact: Karin Loverud, Tax Law Specialist, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-6060

RIN: 1545-AQ61
_______________________________________________________________________

3635. MISCELLANEOUS RULES RELATING TO CONSOLIDATED ADMINISTRATIVE AND 
JUDICIAL PROCEEDINGS TO DETERMINE THE TAX TREATMENT OF PARTNERSHIP ITEMS

Legal Authority:  26 USC 7805; 26 USC 6222; 26 USC 6223; 26 USC 6224; 
26 USC 6227; 26 USC 6230; 26 USC 6231

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The proposed regulations will set forth miscellaneous 
procedural rules for consolidated administrative and judicial 
proceedings to determine the tax treatment of partnership items. The 
regulations will provide guidance for various elections under these new 
procedures and for filing requests for an administrative adjustment.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/18/86                    51 FR 13231
NPRM Comment Period End         06/17/86


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-205-82.
Drafting attorney: Lindsay Russell (202) 622-3050.
Reviewing attorney: Dianna Miosi (202) 622-3050.
Treasury attorney: Michael Thomson (202) 622-1334.

Agency Contact: Lindsay Russell, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3050

RIN: 1545-AE51
_______________________________________________________________________

3636. SMALL S CORPORATION EXCEPTION AND DEFINITION OF SUBCHAPTER S ITEM

Legal Authority:  26 USC 7805; 26 USC 6241; 26 USC 6245

CFR Citation:  26 CFR 301; 26 CFR 602; 26 CFR 51

Legal Deadline: None

Abstract: These regulations will provide a small S corporation 
exception to the unified corporate audit procedures of subchapter D of 
chapter 63 of the Internal Revenue Code. These regulations also will 
define subchapter S items for purposes of the income tax and windfall 
profit tax.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/30/87                     52 FR 3027
NPRM Comment Period End         03/31/87
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-74-86.
Drafting attorney: D. Lindsay Russell (202) 622-3050.
Reviewing attorney: Dianna K. Miosi (202) 622-3050.
Treasury attorney: Michael Thomson (202) 622-1334.

Agency Contact: D. Lindsay Russell, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3050

RIN: 1545-AJ99
_______________________________________________________________________

3637. RAILROAD UNEMPLOYMENT REPAYMENT TAX

Legal Authority:  26 USC 6302

CFR Citation:  26 CFR 31

Legal Deadline: None

Abstract: The new regulations will restore the authority of the Service 
to require quarterly payments of the Railroad Unemployment Repayment 
Tax. The authority was inadvertently eliminated under section 7106 of 
TAMRA.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/13/93                    58 FR 28374
NPRM Comment Period End         07/12/93


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: EE-079-89.
Drafting attorney: Jean Whalen (202) 622-6040.
Reviewing attorney: Jerry Holmes (202) 622-6040.
Treasury attorney: Kevin Knopf (202) 622-0832.

Agency Contact: Jean Whalen, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-6040

RIN: 1545-AN40
_______________________________________________________________________

3638.  FEDERAL TAX DEPOSITS BY ELECTRONIC FUNDS TRANSFER

Legal Authority:  26 USC 7805; 26 USC 6302(h)

CFR Citation:  26 CFR 1; 26 CFR 31; 26 CFR 40

Legal Deadline:  NPRM, Statutory, July 6, 1994.

Abstract: Proposes to adopt as final regulations temporary regulations 
that describe taxpayers that must make deposits of taxes by means of 
electronic funds transfer, the types of taxes that must be deposited 
and when the deposits must commerce.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/11/94                    59 FR 35418
Hearing                         09/12/94                    59 FR 35418


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-003-94
Drafting Attorney: Vincent G. Surabian (202) 622-4940.
Reviewer: Norlyn Miller (202) 622-4940
Treasury Attorney: Mary Heath (202) 622-0868

Agency Contact: Vincent G. Surabian, Attorney-Adviser (Tax), Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-4940

RIN: 1545-AS79
_______________________________________________________________________

3639. PROCEDURE AND ADMINISTRATION--ABATEMENT OF INTEREST

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The regulations will provide guidance on the definition of 
ministerial act.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/13/87                    52 FR 30177


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-34-87.
Drafting tax law specialist: John J. McGreevy (202) 622-4910.
Reviewing attorney: John M. Coulter, Jr. (202) 622-4910.

Agency Contact: John J. McGreevy, Tax Law Specialist, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-4910

RIN: 1545-AK71
_______________________________________________________________________

3640. FRAUDULENT FAILURE TO FILE TAX RETURN; IMPOSITION OF FRAUD PENALTY

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1.6651-5; 26 CFR 1.6663-1

Legal Deadline: None

Abstract: Provide guidance to taxpayers on the fraud penalty and 
fraudulent failure to file penalty as amended by the Revenue 
Reconciliation Act of 1989.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-036-90.
Drafting attorney: John Moran (202) 622-4940.
Reviewing attorney: Rudolf Planert (202) 622-4940.

Agency Contact: John Moran, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-4940

RIN: 1545-AO84
_______________________________________________________________________

3641. ACCELERATED PAYMENT OF ESTIMATED TAXES BY CORPORATIONS

Legal Authority:  26 USC 7805; 26 USC 6655

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Rules will provide for acceleration of estimated payments by 
corporations, new seasonal income exception, and clarify the 
annualization rules.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/26/84                    49 FR 11186
Hearing                         06/26/84
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-228-82.
Drafting attorney: Rochelle Hodes (202) 622-4940.
Reviewing attorney: John Coulter (202) 622-4910.

Agency Contact: Rochelle Hodes, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-4940

RIN: 1545-AE37
_______________________________________________________________________

3642. REVISE DISCLOSURE STANDARD FOR ACCURACY-RELATED PENALTY REGULATIONS

Legal Authority:  26 USC 7805; 26 USC 6662

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Raise Disclosure Standard From not Frivolous to reasonable 
basis

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/17/94                    59 FR 12563
Hearing                         07/12/94                    59 FR 12563


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-78-93.
Drafting Attorney: David L. Meyer (202) 622-4940

Agency Contact: David L. Meyer, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-4940

RIN: 1545-AS58
_______________________________________________________________________

3643. REVISE SECTION 1.6695-1(B) OF THE INCOME TAX REGULATIONS TO REQUIRE 
TAX RETURN PREPARERS TO RETAIN ATTESTATIONS RATHER THAN SUBMITTING WITH 
RETURN

Legal Authority:  26 USC 6695(b)

CFR Citation:  26 CFR 1.6695-1(b)(4)(i)

Legal Deadline: None

Abstract: The Regulation will Delete the Requirement that Tax Return 
Preparers Submit Return Attestations with the Return.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Temporary Regulation            09/15/95

Small Entities Affected: None

Government Levels Affected: Federal

Additional Information: IA-33-93
Drafting Attorney: David Meyer (202) 622-4940.
Reviewing Attorney: Pete Fredericks (202) 622-4940.
Treasury Attorney: Eve Elgin (202) 622-1338.

Agency Contact: David Meyer, Attorney/Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-4940

RIN: 1545-AR78
_______________________________________________________________________

3644. CERTIFICATES OF COMPLIANCE WITH INCOME TAX LAWS BY DEPARTING ALIENS

Legal Authority:  26 USC 7805; 26 USC 6851(d)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This regulation will exempt certain alien students, 
industrial trainees, and exchange visitors from the requirement of 
obtaining a certificate of compliance with U.S. income tax laws before 
departing the United States. This action is necessary because of 
changes to the applicable tax laws made by the Technical Amendments and 
Miscellaneous Revenue Act of 1988.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            01/28/91                     56 FR 3061
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-735-89.
Drafting attorney: Thomas L. Ralph (202) 622-3880.
Reviewing attorney: Margaret O'Connor (202) 622-3880.
Treasury attorney: Unassigned.

Agency Contact: Thomas L. Ralph, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3880

RIN: 1545-AN97
_______________________________________________________________________

3645. PROCEDURE AND ADMINISTRATION--PROPERTY SEIZED BY THE INTERNAL 
REVENUE SERVICE UNDER THE MONEY LAUNDERING CONTROL ACT OF 1986

Legal Authority:  26 USC 7805; 26 USC 7103 (b); 26 USC 7301 to 7328; 18 
USC 981

CFR Citation:  26 CFR 403; 26 CFR 405

Legal Deadline: None

Abstract: This regulation provides guidance with respect to property 
seized by the Internal Revenue Service pursuant to 26 USC 7301 - 7302, 
and pursuant to 18 USC 981.

Timetable: Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: GL-006-90.
Drafting attorney: Richard Delmar (202) 622-4470.

Agency Contact: Richard Delmar, Branch Chief, Criminal Tax Division, 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Avenue NW., Washington, DC 20224, 202 622-4470

RIN: 1545-AL04
_______________________________________________________________________

3646. PROCEDURE AND ADMINISTRATION--AMENDMENT OF REGULATIONS RELATING TO 
THE TIMELY MAILING OF RETURNS, TAXES, AND DEPOSITS

Legal Authority:  26 USC 7805; 26 USC 7502

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The regulations would amend existing regulations, relating to 
the timely mailing of documents, to provide for the timely mailing of 
returns, taxes and deposits.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/11/79                    44 FR 71430
NPRM Comment Period End         02/11/80                    44 FR 71430
Final Action                    00/00/00

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-406-71.
Drafting attorney: Renay France (202) 622-4910.
Reviewing attorney: Neal Sheldon (202) 622-4920.

Agency Contact: Renay France, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-4910

RIN: 1545-AD42
_______________________________________________________________________

3647. ACTUARIAL TABLES EXCEPTIONS

Legal Authority:  26 USC 7520

CFR Citation:  26 CFR 1.7520-3; 26 CFR 20.7520-3; 26 CFR 25.7520-3

Legal Deadline: None

Abstract: The regulations will provide for deviation from use of 
actuarial tables that are prescribed in regulations under section 7520 
of the Internal Revenue Code.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/10/94                    59 FR 30180
NPRM Comment Period End         08/09/94                    59 FR 30180


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-26-93
Drafting attorney: William L. Blodgett (202) 622-3090.
Reviewing attorney: Lee A. Dunn (202) 622-3090.

Agency Contact: William L. Blodgett, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3090

RIN: 1545-AR56
_______________________________________________________________________

3648. TAXABLE MORTGAGE POOLS

Legal Authority:  26 USC 7805; 26 USC 7701(i)

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: This regulation will provide rules related to taxable 
mortgage pools.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/23/92                    57 FR 61029
NPRM Comment Period End         04/12/93                    57 FR 61029
Final Action                    12/00/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: FI-055-91.
Drafting attorney: Susan E. Overlander (202) 622-3960.
Reviewing attorney: Marshall Feiring (202) 622-3960.
Treasury attorney: David Weisbach (202) 622-1129.

Agency Contact: Susan E. Overlander, Attorney-Advisor, Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3960

RIN: 1545-AP98
_______________________________________________________________________

3649. INDIAN TRIBAL GOVERNMENTS TREATED AS STATES FOR CERTAIN PURPOSES

Legal Authority:  26 USC 7805; 26 USC 7701; 26 USC 7871

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: The regulations would provide guidance to certain Indian 
tribal governments as to their treatment as States under designated 
sections of the Internal Revenue Code of 1954.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/07/84                    49 FR 19329
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: Tribal

Additional Information: FI-221-83.
Drafting attorney: Adrian L. Michur (202) 622-3940.
Reviewing attorney: William Coppersmith (202) 622-3930.

Agency Contact: Adrian L. Michur, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3940

RIN: 1545-AF77
_______________________________________________________________________

3650.  SPECIAL RULES FOR S CORPS UNDER 301.7701(B)-7

Legal Authority:  26 USC 7805; 26 USC 7701(b)

CFR Citation:  26 CFR 301; 26 CFR 602

Legal Deadline: None

Abstract: The regulation will provide rules that will permit a dual 
resident S Corp shareholder, who has claimed a treaty benefit, to be 
treated as a U.S. resident for purposes of section 1361(a)(1) of the 
Code.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/27/92                    57 FR 15272
NPRM Comment Period End         06/26/92                    57 FR 15272
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: INTL-40-94
Drafting attorney: David A. Juster (202) 622-3850.
Reviewing attorney: Bernard T. Bress (202) 622-3850.
Treasury attorney: P. Ann Fisher (202) 622-1755.
This regulation project was previously part of INTL-121-90
RIN: 1545-AP35.

Agency Contact: David A. Juster, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3870

RIN: 1545-AS88
_______________________________________________________________________

3651. REASONABLE MORTALITY CHARGES

Legal Authority:  26 USC 7805; 26 USC 7702

CFR Citation:  26 CFR 1

Legal Deadline:  NPRM, Statutory, December 31, 1989.

Abstract: Provide rules relating to the required use of reasonable 
mortality charges in determining whether a contract qualifies as a life 
insurance contract for purposes of the Internal Revenue Code.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/06/91                    56 FR 30718
NPRM Comment Period End         09/04/91                    56 FR 30718
Hearing                         09/25/91                    56 FR 30721


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-069-89.
Drafting attorney: Ann H. Logan (202) 622-3970.
Reviewing attorney: Steven D. Hooe (202) 622-3970.

Agency Contact: Ann H. Logan, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3970

RIN: 1545-AO12
_______________________________________________________________________

3652. NOTICE OF LIEN ON PERSONAL PROPERTY

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301.6323

Legal Deadline: None

Abstract: The purpose of these regulations is to solve the problem that 
arose in the case of United States v. Air Florida, Inc. 56 B.R. 732 
(S.D. Fla. 1985). The regulations will provide that if a State has 
adopted a Federal law establishing a place for the filing of liens 
under a national filing system, the State is not considered to have a 
second office for filing of the notice of lien. The regulations will 
also provide that the filing of a notice of Federal tax lien is 
governed solely by the Internal Revenue Code and is not subject to any 
other Federal law establishing a national filing system.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM Comment Period End        04/22/93                    58 FR 21550
Final Action                    12/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: GL-719-88.
Drafting attorney: Robert A. Walker (202) 622-4208.
Reviewing attorney: Robert Miller (202) 622-3640.

Agency Contact: Robert A. Walker, Docket Attorney (General Litigation), 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Avenue NW., Washington, DC 20224, 202 622-3640

RIN: 1545-AM64
_______________________________________________________________________

3653. AGREEMENTS FOR PAYMENT FOR TAX LIABILITY IN INSTALLMENTS

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: Prior law did not address the authority of the Internal 
Revenue Service to enter into installment payment agreements with 
taxpayers. New code section 6159, as added by the Technical and 
Miscellaneous Revenue Act of 1988, authorizes such agreements and 
specifies the circumstances under which the Service may modify or 
terminate such an agreement and when the Service must provide prior 
notice of a determination to modify or terminate an agreement. New 
regulations implementing section 6159 will be drafted in order to 
provide taxpayers and the Service specific guidance on the requirements 
and responsibilities imposed by this provision.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/02/93                    58 FR 63541
NPRM Comment Period End         01/31/94                    58 FR 63541
Final Action                    01/00/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: GL-708-88.
Drafting attorney: Kevin B. Connelly (202) 622-3640.
Reviewing attorney: Robert Miller (202) 622-3640.
Treasury attorney: David Weisbach (202) 622-1129.

Agency Contact: Kevin B. Connelly, Senior Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., 
Washington, DC 20224, 202 622-3640

RIN: 1545-AM66
_______________________________________________________________________

3654. LEVY AND DISTRAINT

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301.6331-1; 26 CFR 301.6331-2

Legal Deadline: None

Abstract: Section 6331 of the Internal Revenue Code was amended by 
section 6236 of the Technical and Miscellaneous Revenue Act of 1988 to 
preclude certain levies. The Treasury regulations promulgated under 
Code section 6331 must be changed to conform to the new statutory 
language.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/11/92                    57 FR 58760
NPRM Comment Period End         02/09/93                    57 FR 58761
Final Action                    10/00/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: GL-709-88.
Drafting attorney: Robert A. Walker (202) 622-3640.
Reviewing attorney: Robert Miller (202) 622-3640.

Agency Contact: Robert A. Walker, Docket Attorney (General Litigation), 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Avenue NW., Washington, DC 20224, 202 622-3640

RIN: 1545-AM70
_______________________________________________________________________

3655. PROPERTY EXEMPT FROM LEVY

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301.6334-1; 26 CFR 301.6334-2; 26 CFR 301.6334-3; 
26 CFR 301.6334-4; 26 CFR 301.6334-5; 26 CFR 301.6334-6; 26 CFR 
301.6334-7

Legal Deadline: None

Abstract: Section 6334 of the Internal Revenue Code of 1986 was amended 
by section 6236 of the Technical and Miscellaneous Revenue Act of 1988 
to increase certain exemptions from levy, and to exempt a taxpayer's 
principal residence from levy with written authorization from the 
District Director or Assistant District Director in the absence of 
jeopardy. The Treasury regulations promulgated under this section must 
be changed to conform to the new statutory language.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/27/92                    57 FR 22189
NPRM Comment Period End         07/31/92                    57 FR 22194
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: GL-173-89.
Drafting attorney: Jerome D. Sekula (202) 622-3417.
Reviewing attorney: Robert Miller (202) 622-3640.

Agency Contact: Jerome D. Sekula, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 
20224, 202 622-3640

RIN: 1545-AN46
_______________________________________________________________________

3656. AUTHORITY TO RELEASE LEVY AND RETURN PROPERTY

Legal Authority:  26 USC 7805; 26 USC 6343

CFR Citation:  26 CFR 301.6343-1

Legal Deadline: None

Abstract: Section 6343 of the Internal Revenue Code of 1986 was amended 
by section 6236 of the Technical and Miscellaneous Revenue Act of 1988 
to provide new procedures for the release of levies and return of 
property. The Treasury regulations promulgated under this section must 
be changed to reflect the new statutory language.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            10/16/91                    56 FR 51857
NPRM Comment Period End         11/21/91                    56 FR 51857
Final Action                    00/00/00

Small Entities Affected: None

Government Levels Affected: None

Additional Information: GL-175-89.
Drafting attorney: Jerome D. Sekula (202) 622-3640.
Reviewing attorney: Robert Miller (202) 622-3640.

Agency Contact: Jerome D. Sekula, Docket Attorney (General Litigation), 
Department of the Treasury, Internal Revenue Service, 1111 Constitution 
Avenue NW., Washington, DC 20224, 202 622-3640

RIN: 1545-AN48
_______________________________________________________________________

3657. FUEL FLOOR STOCKS TAX OF 1993

Legal Authority:  26 USC 7805(b)

CFR Citation:  26 CFR 47

Legal Deadline: None

Abstract: The proposed regulations provide guidance for paying and 
filing returns of floor stocks tax on fuel under the Omnibus Budget 
Reconciliation Act of 1993.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/30/93                    58 FR 62559


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: State, Local, Federal

Additional Information: PS-49-93
Drafting attorney: Edward Madden (202) 622-4537.
Reviewing attorney: Richard A. Kocak (202) 622-4537.
Treasury attorney: Elizabeth C. Wagner (202) 622-1778.

Agency Contact: Edward Madden, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-4537

RIN: 1545-AR94
_______________________________________________________________________

3658. VACCINE FLOOR STOCK TAX OF 1993

Legal Authority:  26 USC 7805(b)

CFR Citation:  26 CFR 47

Legal Deadline: None

Abstract: The proposed regulations provide guidance for paying and 
filing returns of floor stocks tax on vaccine under the Omnibus Budget 
Reconciliation Act of 1993.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/30/93                    58 FR 62558


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: State, Local, Federal

Additional Information: PS-50-93
Drafting attorney: Edward Madden (202) 622-4537.
Reviewing attorney: Richard A. Kocak (202) 622-4537.
Treasury attorney: John Parcell (202) 622-2578.

Agency Contact: Edward Madden, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-4537

RIN: 1545-AR95
_______________________________________________________________________

3659. ALLOCATIONS REFLECTING GAIN OR LOSS ON PROPERTY CONTRIBUTED TO A 
PARTNERSHIP

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The regulation describes the remedial allocation method as a 
reasonable method under section 704(c). In addition, the regulation 
permits certain securities partnerships to aggregate securities for 
purposes of section 704 (c).

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/22/93                    58 FR 67744
NPRM Comment Period End         03/14/94                    58 FR 67744
Final Action                    12/00/94

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: PS-56-93
Drafting attorney: Deborah Harrington (202) 622-3050.
Reviewing attorney: Clara Toth (202) 622-3050.
Treasury attorney: John Rooney (202) 622-1335.

Agency Contact: Deborah Harrington, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3050

RIN: 1545-AS00
_______________________________________________________________________

3660. CERTAIN ELECTIONS UNDER THE OMNIBUS BUDGET RECONCILIATION ACT OF 
1993

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1.1202; 26 CFR 1.163; 26 CFR 1.108; 26 CFR 
1.1044; 26 CFR 1.6655

Legal Deadline: None

Abstract: Provides guidance to the public regarding certain elections 
enacted as part of the Omnibus Budget Reconciliation Act of 1993.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/27/93                    58 FR 68336


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-62-93
Drafting Attorney: George Bradley (202) 622-8104.
Reviewing Attorney: Charles Whedbee (202) 622-7750.

Agency Contact: George Bradley, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-8104

RIN: 1545-AS14
_______________________________________________________________________

3661. INFORMATION REPORTING FOR DISCHARGE OF INDEBTEDNESS

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1; 26 CFR 602

Legal Deadline: None

Abstract: The proposed regulations provide rules for information 
reporting on discharges of indebtedness for debts discharged after 
December 31, 1993.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/27/93                    58 FR 68337
NPRM Comment Period End         03/30/94                    58 FR 68337
Final Action                    10/31/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-63-93
Drafting Attorney: Michael Schmit (202) 622-4960.
Reviewing Attorney: Steve Toomey (202) 622-4960.

Agency Contact: Michael Schmit, Attorney-Advisor, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-4960

RIN: 1545-AS21
_______________________________________________________________________

3662. ARBITRAGE RESTRICTION ON TAX-EXEMPT BONDS

Legal Authority:  26 USC 7805; 26 USC 148(f); 26 USC 148(g); 26 USC 
148(i); 26 USC 149(d)(7)

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: This project clarifies and revises certain provisions of the 
final arbitrage regulations published in June 1993.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/10/94                    59 FR 24094
Final Action                    05/00/95

Small Entities Affected: None

Government Levels Affected: State, Local

Additional Information: FI-71-94
Drafting attorney: William P. Cejudo (202) 622-3980.
Reviewing attorney: Mitch Rapaport (202) 622-0871.
Treasury attorney: Mitch Rapaport (202) 622-0871.

Agency Contact: William P Cejudo, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3980

RIN: 1545-AS49
_______________________________________________________________________

3663. REMIC VARIABLE INTEREST RATES

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: The project will withdraw and reserve final regulations under 
section 1.860G-1(a)(3) describing permissible variable rates of 
interest for REMIC qualification purposes. In addition, the project 
implements temporary regulations describing permissible variable rates.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/20/94                    59 FR 18772


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-10-94
Drafting attorney: Carol Schwartz (202) 622-3920.
Reviewing attorney: Marshall Feiring (202) 622-3960.
Treasury attorney: P. Val Strehlow (202) 602-0869.

Agency Contact: Carol A. Schwartz, Attorney, Department of the 
Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-3920

RIN: 1545-AS54
_______________________________________________________________________

3664.  INFLUENCING LEGISLATION

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: Proposes a definition of ``Influencing Legislation'' for 
purposes of denial of deduction for certain lobbying expenditures.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/13/94                    59 FR 24992
Hearing                         09/12/94                    59 FR 24992


Next Action Undetermined

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: IA-23-94
Drafting attorney: James Guiry (202) 622-4920.
Reviewing attorney: George Baker (202) 622-4920.
Treasury attorney: David Weisbach (202) 622-1129.

Agency Contact: James Guiry, Attorney, Department of the Treasury, 
Internal Revenue Service, 202 622-4920

RIN: 1545-AS65
_______________________________________________________________________

3665.  SUBCHAPTER K ANTI-ABUSE RULE

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will provide and anti-abuse yield under 
subchapter K of the Internal Revenue Code. The proposed regulation will 
authorize the Commissioner to recast a transaction involving the use of 
a partnership to reflect the underlying economic arrangement of a 
partnership to circumvent the intended purpose of a provision of the 
Code.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/17/94                    59 FR 25581
NPRM Comment Period End         07/01/94                    59 FR 25581
Hearing                         07/25/94                    59 FR 25581
Final Action                    12/00/94

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Additional Information: PS-27-94
Drafting attorney: Mary A. Berman (202) 622-3050.
Reviewing attorney: Claire Toth (202) 622-3050.
Treasury attorney: John Rooney (202) 622-1335.

Agency Contact: Mary A. Berman, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3050

RIN: 1545-AS70
_______________________________________________________________________

3666. REGULATIONS ON INCOME TAX UNDER THE TAX REFORM ACT OF 1984, 
RELATING TO BELOW-MARKET LOANS

Legal Authority:  26 USC 7805; 26 USC 7872

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations provide guidance to taxpayers who enter 
into certain below-market interest rate loan transactions. The 
regulations explain what type of transactions are treated as loans and 
what type of loans are subject to the provisions of section 7872. If 
the loan is subject to section 7872, the below-market loan will be 
recharacterized as an arm's length market-interest rate loan coupled 
with a payment by the lender to the borrower in an amount generally 
equal to the amount of imputed interest. The regulations provide rules 
for determining the amount and the character of the imputed transfers.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/20/85                    50 FR 33553
NPRM Comment Period End         10/20/85                    50 FR 33553
Hearing                         01/09/86                    50 FR 46460


Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Additional Information: FI-165-84.
Drafting attorney: David B. Silber (202) 622-3930.
Reviewing attorney: William Coppersmith (202) 622-3930.

Agency Contact: David B. Silber, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3930

RIN: 1545-AH72
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions
Internal Revenue Service (IRS)
  
_______________________________________________________________________
  
3667. CLEAR REFLECTION OF INCOME IN THE CASE OF CERTAIN FINANCIAL 
PRODUCTS

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action T.D. 8554          07/18/94                    59 FR 36356

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jo Lynn Ricks, 202 622-3920

RIN: 1545-AR96
_______________________________________________________________________

3668. ADMINISTRATIVE ERRORS--HOUSING CREDIT

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action T.D. 8521          02/24/94                     59 FR 8860

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jeffrey A. Erickson, 202 622-3040

RIN: 1545-AQ98
_______________________________________________________________________

3669. CARRYOVER ALLOCATIONS AND OTHER RULES RELATING TO THE LOW-INCOME 
HOUSING CREDIT

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action T.D. 8520          03/03/94                    59 FR 10067

Small Entities Affected: Businesses, Governmental Jurisdictions, 
Organizations

Government Levels Affected: State

Agency Contact: Christopher Wilson, 202 622-3040

RIN: 1545-AR15
_______________________________________________________________________

3670. SECTION 108; DISCHARGE OF INDEBTEDNESS

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action T.D. 8532          03/18/94                    59 FR 12830

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Annette Ahlers, 202 622-7750

RIN: 1545-AP19
_______________________________________________________________________

3671. APPLICABLE CONVENTIONS UNDER THE ACCELERATED COST RECOVERY SYSTEM

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action T.D. 8444          10/29/92                    57 FR 48980

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mark Pitzer, 202 622-3110

RIN: 1545-AN81
_______________________________________________________________________

3672. SUBSTANTIATION OF CONTRIBUTIONS MADE BY PAYROLL DEDUCTION

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action TD 8544            05/27/94                    59 FR 27458

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Joel S. Rutstein, 202 622-4930

RIN: 1545-AS28
_______________________________________________________________________

3673. CAPITALIZATION AND INCLUSION IN INVENTORY COSTS OF CERTAIN EXPENSES

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Closed without regulations      10/29/92

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Ellen McElroy, 202 622-4950

RIN: 1545-AK05
_______________________________________________________________________

3674. ALLOCATION OF A LOSS CORPORATION'S INCOME OR LOSS FOR THE TAXABLE 
YEAR THAT INCLUDES THE CHANGE DATE BETWEEN THE PERIODS ENDING WITH AND 
AFTER THE CHANGE DATE

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action T.D. 8546          06/22/94                    59 FR 32078

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Roberta Mann, 202 622-7550

RIN: 1545-AL58
_______________________________________________________________________

3675. AMENDMENTS OF SECTION 1.382-2T(R)(4)(X) TO EXCEPT ADDITIONAL 
OPTIONS FROM THE OPTION ATTRIBUTION RULES OF SECTION 1.382-2T(H)(4)(I)

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action T.D. 8531          03/18/94                    59 FR 12832

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Annette Ahlers, 202 622-7750

RIN: 1545-AO54
_______________________________________________________________________

3676. MODIFICATION OF THE SECTION 1.382-2T(J)(2) RULES

CFR Citation:  23 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action T.D. 8490          10/04/93                    58 FR 51571

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Roberta Mann, 202 622-7550

RIN: 1545-AQ59
_______________________________________________________________________

3677. TREATING CERTAIN NON-STOCK INTERESTS AS STOCK

CFR Citation:  26 CFR 1; 26 CFR 602

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action Closed Without 
Regulations                     03/18/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Annette Ahlers, 202 622-7750

RIN: 1545-AS48
_______________________________________________________________________

3678. REGULATIONS UNDER SECTION 382 OF THE INTERNAL REVENUE CODE OF 1986; 
LIMITATIONS ON CORPORATE NET OPERATING LOSS CARRYFORWARDS

CFR Citation:  26 CFR 1.382-9

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action T.D. 8529          03/18/94                    59 FR 12844

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Diana M. Fulton, 202 622-7550

RIN: 1545-AR91
_______________________________________________________________________

3679. VALUE OF A LOSS CORPORATION IN AN OWNERSHIP CHANGE TO WHICH SECTION 
382(L)(6) APPLIES

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action T.D. 8530          03/18/94                    59 FR 12840

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robert Liquerman, 202 622-7750

RIN: 1545-AQ60
_______________________________________________________________________

3680. INCOME TAX--AFFILIATED SERVICE GROUPS AND EMPLOYEE LEASING

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Withdrawn                       04/27/93

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robin Ehrenberg, 202 622-6080

RIN: 1545-AE91
_______________________________________________________________________

3681. SECTION 482 REGULATIONS

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action T.D. 8552          07/08/94                    59 FR 34971

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Sim S. Seo, 202 622-3840

RIN: 1545-AL80
_______________________________________________________________________

3682. TAXATION OF CERTAIN QUALIFIED EXEMPT ORGANIZATIONS ON INCOME FROM 
DEBT-FINANCED PROPERTY OWNED THROUGH A PARTNERSHIP

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action T.D. 8539          05/13/94                    59 FR 24924

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Deane Burke, 202 622-3080

RIN: 1545-AO78
_______________________________________________________________________

3683. ALLOCATION AND APPORTIONMENT OF INTEREST EXPENSE AND CERTAIN OTHER 
EXPENSES

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action T.D. 8410          04/15/92                    57 FR 13019

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: David F. Bergkuist, 202 622-3860

RIN: 1545-AM20
_______________________________________________________________________

3684. CHANGE IN METHOD OF ACCOUNTING FOR QBU'S THAT ARE NO LONGER 
HYPERINFLATIONARY

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

File Opened in Error            06/30/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jacob Feldman, 202 622-3870

RIN: 1545-AR29
_______________________________________________________________________

3685. LIKE-KIND EXCHANGES--COORDINATION WITH SECTION 453

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action T.D. 8535          04/20/94                    59 FR 18740
Final Action Effective          04/20/94                    59 FR 18747

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Christopher Kane, 202 622-4800

RIN: 1545-AQ48
_______________________________________________________________________

3686. CAPITAL ASSET DEFINED

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action T.D. 8555          07/18/94                    59 FR 36360

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jo Lynn Ricks, 202 622-3920

RIN: 1545-AR73
_______________________________________________________________________

3687. SECTIONS 1271 THROUGH 1275 RELATING TO TAX TREATMENT OF DEBT 
INSTRUMENTS HAVING ORIGINAL ISSUE DISCOUNT

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action T.D. 8517          02/02/94                     59 FR 4799

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: William E. Blanchard, 202 622-3950

RIN: 1545-AH46
_______________________________________________________________________

3688. TREATMENT OF PRICE LEVEL ADJUSTMENT MORTGAGES UNDER THE ORIGINAL 
ISSUE DISCOUNT PROVISIONS OF THE CODE

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Withdrawn                       02/02/94                     59 FR 4878

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: William E. Blanchard, 202 622-3950

RIN: 1545-AO03
_______________________________________________________________________

3689. INCOME TAX--RULES RELATING TO ADJUSTMENT TO BASIS OF STOCK OF 
SHAREHOLDERS OF S CORPORATIONS AND TO DETERMINATION OF BASIS OF PROPERTY 
DISTRIBUTION BY CORPORATION

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action T.D. 8508          01/03/94                       59 FR 12

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Deane Burke, 202 622-3080

RIN: 1545-AE88
_______________________________________________________________________

3690. USE OF PASSIVE ACTIVITY LOSS CARRYOVERS BY BANKRUPTCY ESTATES

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action T.D. 8537          05/13/94                    59 FR 24935
Final Action Effective          05/13/94                    59 FR 24935

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Amy Sargent, 202 622-4930

RIN: 1545-AQ50
_______________________________________________________________________

3691. SECTION 1398 SUBSTANTIVE CONSOLIDATION IN BANKRUPTCY

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Closed without Regulations      05/02/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Christie Jacobs, 202 622-4930

RIN: 1545-AR45
_______________________________________________________________________

3692. GENERATION-SKIPPING TRANSFER TAX

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Closed Without Regulations      12/21/92

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Fredric E. Grundeman, 202 622-3090

RIN: 1545-AQ65
_______________________________________________________________________

3693. EXPLAIN RULES UNDER SECTION 2701

CFR Citation:  26 CFR 25

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action T.D. 8536          05/05/94                    59 FR 23152

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Fred Grundeman, 202 622-3090

RIN: 1545-AM86
_______________________________________________________________________

3694. SUPPLEMENTAL ANNUITY TAX--RAILROAD RETIREMENT SUPPLEMENTAL ANNUITY 
TAX--RAILROAD RETIREMENT

CFR Citation:  26 CFR 31.3211-3; 26 CFR 31.3221-3

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action T.D. 8525          03/01/94                     59 FR 9665
Final Action Effective          03/01/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Karin Loverud, 202 622-6060

RIN: 1545-AR07
_______________________________________________________________________

3695. TIN MATCHING PROGRAM

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action T.D. 8523          03/22/94                    59 FR 13455

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Renay France, 202 622-4910

RIN: 1545-AR68
_______________________________________________________________________

3696.  DIESEL FUEL EXCISE TAX; DYE COLOR AND CONCENTRATION

Legal Authority:  26 USC 7805; 26 USC 4082

CFR Citation:  26 CFR 48

Legal Deadline: None

Abstract: These regulations will modify requirements for dye color and 
concentration that identify tax-exempt diesel fuel.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Closed Without Regulations      06/27/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-37-94
Drafting attorney: Frank Boland (202) 622-3130.
Reviewing attorney: Richard Kocak (202) 622-3130.
Treasury attorney: Elizabeth Wagner (202) 622-1778.

Agency Contact: Frank Boland, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3130

RIN: 1545-AS81
_______________________________________________________________________

3697.  DIESEL FUEL EXCISE TAX; DYE COLOR AND CONCENTRATION

Legal Authority:  26 USC 7805; 26 USC 4082

CFR Citation:  26 CFR 48

Legal Deadline: None

Abstract: These regulations will modify requirements for dye color and 
concentration that identify tax-exempt diesel fuel

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Closed Without Regulations      06/27/94

Small Entities Affected: None

Government Levels Affected: None

Additional Information: PS-37-94
Drafting attorney: Frank Boland (202) 622-3130.
Reviewing attorney: Richard Kocak (202) 622-3130.
Treasury attorney: Elizabeth Wagner (202) 622-1778.

Agency Contact: Frank Boland, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-3130

RIN: 1545-AS82
_______________________________________________________________________

3698. REGISTRATION UNDER SECTION 4101

CFR Citation:  26 CFR 48

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action Closed Without 
Regulations                     01/26/94

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Frank Boland, 202 622-3130

RIN: 1545-AQ10
_______________________________________________________________________

3699. VOICE SIGNATURE ALTERNATIVE

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Closed without regulations      07/31/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Celia Gabrysh, 202 622-4940

RIN: 1545-AR84
_______________________________________________________________________

3700. MANNER OF PAYMENT OF RAILROAD RETIREMENT EMPLOYMENT TAX

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Closed without Regulations      07/11/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Vincent Surabian, 202 622-4940

RIN: 1545-AR43
_______________________________________________________________________

3701.  FEDERAL TAX DEPOSITS BY ELECTRONIC FUNDS TRANSFER

Legal Authority:  26 USC 7805; 26 USC 6302(h)

CFR Citation:  26 CFR 1; 26 CFR 31; 26 CFR 40

Legal Deadline: None

Abstract: Temporary regulations that describe taxpayers that must make 
deposits of taxes by means of electronic funds transfer, the types of 
taxes that must be so deposited and when the deposits must commence.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action T.D. 8553          07/11/94                    59 FR 35414

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-003-94
Drafting Attorney: Vincent G. Surabian (202) 622-4940.
Reviewer: Norlyn Miller (202) 622-4940
Treasury Attorney: Mary Heath (202) 622-0868

Agency Contact: Vincent G. Surabian, Attorney-Adviser (Tax), Department 
of the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-4940

RIN: 1545-AS80
_______________________________________________________________________

3702. PROCEDURE AND ADMINISTRATION REGULATIONS--MODIFICATIONS OF INTEREST 
PAYMENTS FOR CERTAIN PERIODS

CFR Citation:  26 CFR 301

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Closed Without Regulations      02/22/93

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Gail M. Winkler, 202 622-4940

RIN: 1545-AF10
_______________________________________________________________________

3703. CLARIFICATION OF PERIOD DURING WHICH INTEREST IS ALLOWED WITH 
RESPECT TO CERTAIN OVERPAYMENTS

CFR Citation:  26 CFR 301

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action T.D. 8524          03/03/94                    59 FR 10075
Final Action Effective          03/03/94                    59 FR 10075

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Forest Boone, 202 622-4960

RIN: 1545-AO79
_______________________________________________________________________

3704. SECTION 482 PENALTY

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Withdrawn Proposed regs issued 
1/21/93 were withdrawn          02/02/94                     59 FR 4878

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Thomas L. Ralph, 202 622-3880

RIN: 1545-AQ45
_______________________________________________________________________

3705.  ACCURACY-RELATED PENALTY

Legal Authority:  PL 103-66

CFR Citation:  26 CFR 1

Legal Deadline: None

Abstract: These regulations will amend the regulations issued under the 
accuracy - related penalty. OBRA '93 raised the disclosure standard for 
the accuracy - related penalties for negligence, substantial 
understatement of income tax, and disregards of rules and regulations 
from not frivolous to reasonable basis.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action T.D. 8533          03/17/94                    59 FR 12563

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-78-93
Drafting Attorney: David Meyer (202) 622-4940.
Reviewer: Norlyn Miller (202) 622-4940.

Agency Contact: David Meyer, Attorney, Department of the Treasury, 
Internal Revenue Service, 1111 Constitution Ave. NW., Washington, DC 
20224, 202 622-4940

RIN: 1545-AS62
_______________________________________________________________________

3706. FORFEITURE OF LAND SALES CONTRACT WITH RESPECT TO DISCHARGE OF 
FEDERAL TAX LIEN

CFR Citation:  26 CFR 301

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Closed without Regulations      06/25/93

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Kevin Connelly, 202 622-3640

RIN: 1545-AK24
_______________________________________________________________________

3707. RECOVERY OF ADMINISTRATIVE COSTS

CFR Citation:  26 CFR 301

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action T.D. 8542          06/07/94                    59 FR 29359

Small Entities Affected: Businesses

Government Levels Affected: Federal

Agency Contact: Thomas Moffitt, 202 622-7860

RIN: 1545-AN02
_______________________________________________________________________

3708.  EXHAUSTION OF ADMINISTRATIVE REMEDIES

Legal Authority:  26 USC 7805

CFR Citation:  26 CFR 301

Legal Deadline: None

Abstract: These regulations relate to the circumstances in which a 
party shall be deemed to have exhausted the administrative remedies 
available within the IRS for recovering court costs and certain fees in 
a civil tax proceeding.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action T.D. 8543          06/07/94                    59 FR 29356

Small Entities Affected: None

Government Levels Affected: None

Additional Information: IA-003-89
Drafting Attorney: Thomas D. Moffitt (202) 622-7860.
Reviewer: Jerry Horan (202) 622-7900

Agency Contact: Thomas D. Moffit, Attorney-Adviser (Tax), Department of 
the Treasury, Internal Revenue Service, 1111 Constitution Ave. NW., 
Washington, DC 20224, 202 622-7900

RIN: 1545-AS60
_______________________________________________________________________

3709. ESTATE AND GIFT TAX VALUATION TABLES

CFR Citation:  26 CFR 1; 26 CFR 20; 26 CFR 25

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action T.D. 8540          06/10/94                    59 FR 30100

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: William L. Blodgett, 202 622-3090

RIN: 1545-AM81
_______________________________________________________________________

3710. USE OF FACSIMILE SIGNATURES BY INCOME TAX RETURN PREPARERS OF FORMS 
1041, U.S. FIDUCIARY INCOME TAX RETURNS

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action T.D. 8542          06/29/94                    59 FR 33431
Final Action Effective          06/28/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Robert Walker, 202 622-3640

RIN: 1545-AL49
_______________________________________________________________________

3711. WRONGFUL LEVY ACTIONS INVOLVING GOVERNMENT AGENCIES

CFR Citation:  26 CFR 301

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action T.D. 8541          05/23/94                    59 FR 26601
Final Action Effective          12/23/93

Small Entities Affected: None

Government Levels Affected: Federal

Agency Contact: Jerome D. Sekula, 202 622-3640

RIN: 1545-AO60
_______________________________________________________________________

3712. CIRCULAR 230 REVISIONS

CFR Citation:  31 CFR 10

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action T.D. 8545          06/20/94                    59 FR 31523
Final Action Effective          06/20/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: David Meyer, 202 622-4940

RIN: 1545-AQ57
_______________________________________________________________________

3713. LIMITATION OF ANNUAL COMPENSATION

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action T.D. 8547          06/27/94                    59 FR 32903

Small Entities Affected: Businesses, Governmental Jurisdictions, 
Organizations

Government Levels Affected: State, Local, Federal

Agency Contact: Marjorie Hoffman, 202 622-6030

RIN: 1545-AR54
_______________________________________________________________________

3714. QUALIFIED SEPARATE LINES OF BUSINESS

CFR Citation:  26 CFR 1

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action T.D. 8548          06/27/94                    59 FR 32911

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Patricia McDermott, 202 622-4606

RIN: 1545-AR61
_______________________________________________________________________

3715. REMIC VARIABLE INTEREST RATES

CFR Citation:  26 CFR 1.860G

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action TD 8534            04/20/94                    59 FR 18746

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Carol A. Schwartz, 202 622-3920

RIN: 1545-AS55
[FR Doc. 94-23422 Filed 11-10-94; 8:45 am]
BILLING CODE 4830-01-F

_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                                     
 
Office of Thrift Supervision (OTS)
  
_______________________________________________________________________
  

Office of Thrift Supervision

12 CFR Ch. V

[No. 94-153]

Agenda of Federal Regulations

AGENCY: Office of Thrift Supervision, Treasury.

ACTION: Publication of agenda items.

_______________________________________________________________________

SUMMARY: The Office of Thrift Supervision (OTS) is hereby publishing 
items for the October Unified Agenda of Federal Regulations.

    A number of the agenda items refer to statutory requirements 
imposed by FDICIA. This reference means the Federal Deposit 
Insurance Corporation Improvement Act of 1991 (FDICIA), Public Law 
102-242, 105 Stat. 2236 (1991). The term ``Federal banking 
agencies'' refers to the Office of Thrift Supervision, the Office 
of the Comptroller of the Currency, the Federal Deposit Insurance 
Corporation, and the Board of Governors of the Federal Reserve 
System.

ADDRESSES: Information Services Division, Office of Public Affairs, 
Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552.

FOR FURTHER INFORMATION CONTACT: See persons listed below for specific 
agenda items.

SUPPLEMENTARY INFORMATION:

OTS's Regulatory Plan

    For this edition of OTS's regulatory agenda, the most important 
significant regulatory actions are included in The Regulatory Plan, 
which appears in Part II of this issue of the Federal Register. The 
Regulatory Plan entries are listed in the Table of Contents below 
and are denoted by a bracketed bold reference, which directs the 
reader to the appropriate Sequence Number in Part II.

Dated: August 18, 1994.

By the Office of Thrift Supervision.

John C. Price, Jr.,

Acting Assistant Director for Policy.

                                   Office of Thrift Supervision--Prerule Stage                                  
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3716        12 CFR 567  Risk-Based Capital Standards--Recourse Obligations........................    1550-AA70 
----------------------------------------------------------------------------------------------------------------


                                Office of Thrift Supervision--Proposed Rule Stage                               
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3717        12 CFR 563  Criminal Referral Report..................................................    1550-AA62 
3718        12 CFR 563e  Community Reinvestment Act (Reg Plan Seq. No. 139).......................    1550-AA69 
3719        12 CFR 563  Capital Distributions.....................................................    1550-AA72 
3720        12 CFR 543  ''De Novo'' Applications For a Federal Savings Association Charter........    1550-AA76 
3721        12 CFR 566  Liquidity.................................................................    1550-AA77 
3722        12 CFR 563  Loans to One Borrower.....................................................    1550-AA78 
3723        12 CFR 509  Uniform Rules of Practice and Procedure...................................   1550-AA79  
----------------------------------------------------------------------------------------------------------------
References in boldface appear in the Regulatory Plan in Part II of this issue of the Federal Register.          


                                 Office of Thrift Supervision--Final Rule Stage                                 
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3724        12 CFR 563  Safety and Soundness Standards............................................    1550-AA54 
3725        12 CFR 567  Risk-Based Capital Standards; Concentration of Credit Risk and Risks of                 
            Nontraditional Activities.............................................................    1550-AA59 
3726        12 CFR 563  Small and Medium-Sized Business and Farm Loan Documentation Exemption for               
            Qualifying Associations...............................................................    1550-AA61 
3727        12 CFR 563  Special Mention Assets....................................................    1550-AA65 
3728        12 CFR 510  Release of Unpublished Information........................................    1550-AA66 
3729        12 CFR 550  Annual Independent Audits.................................................    1550-AA68 
3730        12 CFR 567  Regulatory Capital: Common Stockholders' Equity...........................    1550-AA71 
3731        12 CFR 563b  Conversion From Mutual to Stock Form; Mutual Savings and Loan Holding                  
            Companies.............................................................................    1550-AA73 
3732        12 CFR 567  Risk-Based Capital Standards; Bilateral Netting Requirements..............    1550-AA75 
----------------------------------------------------------------------------------------------------------------


                                 Office of Thrift Supervision--Completed Actions                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
3733        12 CFR 567  Regulatory Capital: Leverage Ratio Requirement............................    1550-AA32 
3734        12 CFR 552  Mergers and Other Combinations of Savings Associations....................    1550-AA47 
3735        12 CFR 574  Acquisition of Control of Savings Associations............................    1550-AA63 
3736        12 CFR 545  Real Estate Appraisals....................................................    1550-AA64 
3737        12 CFR 563b  Conversion From Mutual to Stock Form; Mutual Savings and Loan Holding                  
            Companies.............................................................................    1550-AA74 
----------------------------------------------------------------------------------------------------------------

      
  
          
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                        Prerule Stage
Office of Thrift Supervision (OTS)
  
_______________________________________________________________________
  
3716. RISK-BASED CAPITAL STANDARDS--RECOURSE OBLIGATIONS

Legal Authority:  12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a

CFR Citation:  12 CFR 567

Legal Deadline: None

Abstract: The Federal banking agencies have issued an advance notice of 
proposed rulemaking and a notice of proposed rulemaking to address the 
regulatory capital treatment of recourse arrangements and direct credit 
substitutes that expose banks, bank holding companies and thrifts to 
credit risk and to correct inconsistencies in the agencies' risk-based 
capital standards. The OTS is proposing to change only the capital 
requirements for the treatment of certain guarantee-type arrangements 
that absorb first dollar losses.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM Asset Securitizations     05/25/94                    59 FR 27116
NPRM Recourse Arrangements and 
Direct Credit Substitutes       05/25/94                    59 FR 27116


Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: John F. Connolly, Program Manager, Capital Policy, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552, 202 906-6465

RIN: 1550-AA70
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                  Proposed Rule Stage
Office of Thrift Supervision (OTS)
  
_______________________________________________________________________
  
3717. CRIMINAL REFERRAL REPORT

Legal Authority:  12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a; 12 USC 1468; 12 USC 1817; 12 USC 1828; 12 USC 3806; 42 
USC 4106

CFR Citation:  12 CFR 563

Legal Deadline: None

Abstract: The OTS is taking under consideration the adoption of a 
notice of proposed rulemaking that will conform its regulations to new 
procedures for completion and submission of the uniform criminal 
referral form designed in conjunction with an interagency task force. 
The multi-agency form will improve compliance with criminal activity 
reporting requirements and better enable law enforcement agencies to 
investigate matters reported in criminal referrals.

Timetable: Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Karen Osterloh, Counsel (Banking and Finance), 
Regulations & Legislation Division, Department of the Treasury, Office 
of Thrift Supervision, 1700 G Street NW., Washington, DC 20552, 202 
906-6639

RIN: 1550-AA62
_______________________________________________________________________

3718. COMMUNITY REINVESTMENT ACT

Regulatory Plan:  This entry is Seq. No. 139 in Part II of this issue 
of the Federal Register.

RIN: 1550-AA69
_______________________________________________________________________

3719. CAPITAL DISTRIBUTIONS

Legal Authority:  12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a; 12 USC 1468; 12 USC 1817; 12 USC 1828; 12 USC 3806; 42 
USC 4106

CFR Citation:  12 CFR 563

Legal Deadline: None

Abstract: The OTS has taken under consideration the adoption of a 
proposed rule that would amend its capital distributions regulation to 
incorporate the definition of ``capital distributions'' used under 
prompt corrective action. It would allow capital distributions without 
notice to the OTS by associations that are adequately capitalized that 
receive a composite rating of 1 or 2, and that are not held by a 
holding company. Associations that will remain at least adequately 
capitalized after making a capital distribution would be permitted to 
make a capital distribution upon notice to the OTS. Applications for 
capital distributions would be accepted from troubled associations and 
undercapitalized associations but would be approved only under strict 
conditions, described in the preamble to the proposal.

Timetable: Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Evelyne Bonhomme, Counsel (Banking and Finance), 
Regulations & Legislation Division, Department of the Treasury, Office 
of Thrift Supervision, 1700 G Street NW., Washington, DC 20552, 202 
906-7052

RIN: 1550-AA72
_______________________________________________________________________

3720.  ``DE NOVO'' APPLICATIONS FOR A FEDERAL SAVINGS ASSOCIATION 
CHARTER

Legal Authority:  12 USC 552; 12 USC 559; 12 USC 1462; 12 USC 1462a; 12 
USC 1463; 12 USC 1464; 12 USC 1467a; 12 USC 2901 et seq

CFR Citation:  12 CFR 543; 12 CFR 552; 12 CFR 571

Legal Deadline: None

Abstract: The OTS has taken under consideration the adoption of a 
notice of proposed rulemaking to update its statement of policy 
regarding ``de novo'' applications for a Federal savings association 
charter. Much of the current rule has become obsolete, redundant or 
otherwise unnecessary due to amendments to Federal laws and regulations 
concerning capital adequacy, business plans, director and officer 
qualifications, conflicts of interest and transactions with affiliates.

Timetable: Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Valerie J. Lithotomos, Counsel (Banking and Finance), 
Regulations & Legislation Division, Department of the Treasury, Office 
of Thrift Supervision, 1700 G Street NW., Washington, DC, 202 906-6439

RIN: 1550-AA76
_______________________________________________________________________

3721.  LIQUIDITY

Legal Authority:  12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1465; 12 USC 1467a; 12 USC 1691; 12 USC 1691a

CFR Citation:  12 CFR 566

Legal Deadline: None

Abstract: The OTS has taken under consideration the adoption of a 
notice of proposed rulemaking to amend its liquidity regulation. The 
rule would reduce the liquidity requirement from five percent to the 
statutory minimum of four percent, change the daily calculation to a 
quarterly calculation, amend the regulatory listing of qualifying 
liquid assets, amend the definition of corporate debt obligations and 
remove the one percent short-term liquidity requirement.

Timetable: Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Catherine Shepard, Senior Attorney, Regulations & 
Legislation Division, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552, 202 906-7275

RIN: 1550-AA77
_______________________________________________________________________

3722.  LOANS TO ONE BORROWER

Legal Authority:  12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a; 12 USC 1468; 12 USC 1817; 12 USC 1828; 12 USC 3806; 42 
USC 4106

CFR Citation:  12 CFR 563

Legal Deadline: None

Abstract: The OTS has taken under consideration the adoption of a 
notice of proposed rulemaking to amend its regulations governing loans 
to one borrower. The proposal would modify the OTS's rules to reflect 
the OCC's recent proposal to revise the national bank lending limits.

Timetable: Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Deirdre Kvartunas, Policy Analyst, Supervision Policy, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552, 202 906-7933

RIN: 1550-AA78
_______________________________________________________________________

3723.  UNIFORM RULES OF PRACTICE AND PROCEDURE

Legal Authority:  5 USC 556; 12 USC 1464; 12 USC 1467; 12 USC 1467a; 12 
USC 1813; 15 USC 78l

CFR Citation:  12 CFR 509

Legal Deadline: None

Abstract: The Federal banking agencies are taking under consideration 
the adoption of a notice of proposed rulemaking to update their uniform 
rules of practice and procedure. The changes are primarily technical 
revisions, but several of them would increase efficiency in the 
administrative process by (i) ensuring that parties have a 
representative available to accept service of process at all times; 
(ii) prohibiting multiple counsel from examining a single witness; and 
(iii) clarifying time deadlines and other matters.

Timetable: Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Karen Osterloh, Counsel (Banking and Finance), 
Regulations & Legislation Division, Department of the Treasury, Office 
of Thrift Supervision, 1700 G Street NW., Washington, DC 20552, 202 
906-6639

RIN: 1550-AA79
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                     Final Rule Stage
Office of Thrift Supervision (OTS)
  
_______________________________________________________________________
  
3724. SAFETY AND SOUNDNESS STANDARDS

Legal Authority:  12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a; 12 USC 1468; 12 USC 1828; 12 USC 3806; 42 USC 4106

CFR Citation:  12 CFR 563

Legal Deadline:  Final, Statutory, August 1, 1993.

Abstract: The OTS has issued an advance notice and notice of proposed 
rulemaking jointly with the Federal banking agencies to solicit comment 
on the safety and soundness standards required by section 132 of 
FDICIA. These standards must include managerial and operational 
standards; standards relating to asset quality, earnings and stock 
valuation; and compensation standards.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           07/15/92                    57 FR 31336
ANPRM Comment Period End        09/14/92                    57 FR 31336
NPRM                            11/18/93                    58 FR 60802
NPRM Comment Period End         01/03/94                    58 FR 60802


Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Deirdre Kvartunas, Policy Analyst, Supervision Policy, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552, 202 906-7933

RIN: 1550-AA54
_______________________________________________________________________

3725. RISK-BASED CAPITAL STANDARDS; CONCENTRATION OF CREDIT RISK AND 
RISKS OF NONTRADITIONAL ACTIVITIES

Legal Authority:  12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a

CFR Citation:  12 CFR 567

Legal Deadline:  Final, Statutory, June 19, 1993.

Abstract: The Federal banking agencies have issued an advance notice 
and a notice of proposed rulemaking to solicit comment on how best to 
ensure that their respective risk-based capital regulations adequately 
address concentrations of credit risk and the risks of nontraditional 
activities. The rule is to be adopted pursuant to section 305 of 
FDICIA, which requires each Federal banking agency to make such 
amendments.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           10/05/92                    57 FR 45757
ANPRM Comment Period End        12/04/92                    57 FR 45757
NPRM                            02/22/94                     59 FR 8420
NPRM Comment Period End         03/24/94                     59 FR 8420


Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: John F. Connolly, Program Manager, Capital Policy, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552, 202 906-6465

RIN: 1550-AA59
_______________________________________________________________________

3726. SMALL AND MEDIUM-SIZED BUSINESS AND FARM LOAN DOCUMENTATION 
EXEMPTION FOR QUALIFYING ASSOCIATIONS

Legal Authority:  12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467; 12 USC 1468; 12 USC 1817; 12 USC 1818; 12 USC 3806; 42 USC 
4106

CFR Citation:  12 CFR 563

Legal Deadline: None

Abstract: The OTS has issued an interim final rule revising its loan 
documentation regulation with regard to small and medium-sized business 
and farm loans. Unnecessary documentation has been eliminated for well- 
or adequately capitalized, well-managed savings associations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Interim Final Rule              05/13/93                    58 FR 28346


Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Laurie Nicoli, Counsel (Banking and Finance), 
Regulations & Legislation Division, Department of the Treasury, Office 
of Thrift Supervision, 1700 G Street NW., Washington, DC 20552, 202 
906-7452

RIN: 1550-AA61
_______________________________________________________________________

3727. SPECIAL MENTION ASSETS

Legal Authority:  12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a; 12 USC 1468; 12 USC 1817; 12 USC 1828; 12 USC 3806; 42 
USC 4106

CFR Citation:  12 CFR 563

Legal Deadline: None

Abstract: The OTS has issued a notice of proposed rulemaking that would 
remove special mention assets from the regulation that sets forth OTS's 
classification of assets scheme. The OTS intends to issue in its place 
guidance on special mention assets ensuring that both the substance and 
the format of its policy in this area conforms with the guidance of the 
other Federal banking agencies.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            07/20/93                    58 FR 38731
NPRM Comment Period End         08/19/93                    58 FR 38731


Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Catherine A. Shepard, Senior Attorney, Regulations and 
Legislation Division, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC 20552, 202 906-7275

RIN: 1550-AA65
_______________________________________________________________________

3728. RELEASE OF UNPUBLISHED INFORMATION

Legal Authority:  5 USC 301; 12 USC 1462a; 12 USC 1463; 12 USC 1464

CFR Citation:  12 CFR 510

Legal Deadline: None

Abstract: The OTS has issued a notice of proposed rulemaking that would 
provide an orderly mechanism for processing requests received from the 
public for unpublished information while preserving the OTS's need to 
maintain confidentiality with respect to the information. The rule 
would be applicable to record and testimony requests and would not 
apply to requests for records that are required to be disclosed under 
the Freedom of Information Act.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/09/93                    58 FR 64695
NPRM Comment Period End         02/07/94                    58 FR 64695


Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Valerie J. Lithotomos, Counsel (Banking and Finance), 
Regulations and Legislation Division, Department of the Treasury, 
Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552, 
202 906-6439

RIN: 1550-AA66
_______________________________________________________________________

3729. ANNUAL INDEPENDENT AUDITS

Legal Authority:  5 USC 552; 5 USC 559; 12 USC 1462; 12 USC 1462a; 12 
USC 1463; 12 USC 1464; 12 USC 1467a; 12 USC 1735f-7; 12 USC 1468; 12 
USC 1817; 12 USC 1828; 12 USC 3806; 12 USC 4106

CFR Citation:  12 CFR 550; 12 CFR 552; 12 CFR 562; 12 CFR 563; 12 CFR 
571

Legal Deadline: None

Abstract: The OTS has issued a notice of proposed rulemaking that would 
eliminate the mandatory annual independent audit requirement for all 
savings associations. The OTS would rely on the requirements in the 
FDIC's rule on annual independent audits for savings associations with 
assets of $500 million or more and retain the regulatory language 
allowing the OTS to require an independent audit of any savings 
association with assets of less than $500 million, if deemed advisable 
for safety and soundness reasons. The proposed amendments are intended 
to conform the annual independent audit rules for savings associations 
to those applicable to other federally insured depository institutions.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/22/94                    59 FR 13461
NPRM Comment Period End         04/21/94                    59 FR 13461


Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Arthur Lindo, Senior Accountant, Supervision Policy, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552, 202 906-5642

RIN: 1550-AA68
_______________________________________________________________________

3730. REGULATORY CAPITAL: COMMON STOCKHOLDERS' EQUITY

Legal Authority:  12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a

CFR Citation:  12 CFR 567

Legal Deadline: None

Abstract: The OTS has issued a notice of proposed rulemaking that would 
amend its minimum regulatory capital regulations by revising the 
definition of ``common stockholders' equity'' to incorporate a change 
in generally accepted accounting principles implemented by Statement of 
Financial Accounting Standards No. 115 (``SFAS No. 115''). SFAS No. 115 
requires that most debt and equity securities be reported at fair 
value, rather than at amortized cost.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/22/94                    59 FR 32143
NPRM Comment Period End         07/22/94                    59 FR 32143


Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: John F. Connolly, Program Manager, Capital Policy, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552, 202 906-6465

RIN: 1550-AA71
_______________________________________________________________________

3731. CONVERSION FROM MUTUAL TO STOCK FORM; MUTUAL SAVINGS AND LOAN 
HOLDING COMPANIES

Legal Authority:  12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a; 12 USC 1828; 12 USC 2901; 15 USC 78c; 15 USC 78l; 15 USC 
78m; 15 USC 78n; 15 USC 78w

CFR Citation:  12 CFR 563b; 12 CFR 575

Legal Deadline: None

Abstract: The OTS is issuing a final rule to revise its regulations 
governing conversions from mutual to stock form. On May 3, 1994, the 
OTS issued an interim final rule with request for comment and a 
proposed rule with request for comment. The interim final rule 
addressed the additional safeguards necessary to ensure the integrity 
of the conversion process and the appropriate scope of the standards 
under which conversion applications are approved.
The proposal sought to add a ``convenience and needs'' standard to the 
evaluation criteria that OTS applies to mutual to stock conversions. 
The final rule resembles the interim final in most significant 
respects. It includes revisions made to the interim final rule that 
reflect certain comments received by the OTS during the comment period. 
In addition, the final rule addresses the comments received by the OTS 
on the ``convenience and needs'' proposal and adopts that proposal 
without modification. Finally, the final rule incorporates certain 
technical changes to the regulations governing mutual to stock 
conversions and mutual savings and loan holding companies.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/03/94                    59 FR 22764
Interim Final Rule              05/03/94                    59 FR 22725
NPRM Comment Period End         07/18/94                    59 FR 29975
Final Action                    11/00/94

Small Entities Affected: Businesses

Government Levels Affected: None

Additional Information: RIN 1550-AA74 has been combined with this 
action.

Agency Contact: Teri M. Valocchi, Counsel (Banking and Finance), 
Business Transactions, Department of the Treasury, Office of Thrift 
Supervision, 1700 G Street NW., Washington, DC, 202 906-7299

RIN: 1550-AA73
_______________________________________________________________________

3732.  RISK-BASED CAPITAL STANDARDS; BILATERAL NETTING 
REQUIREMENTS

Legal Authority:  12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a

CFR Citation:  12 CFR 567

Legal Deadline: None

Abstract: The OTS has issued a notice of proposed rulemaking that would 
amend its risk-based capital standards to recognize the risk-reducing 
benefits of netting arrangements pursuant to proposed revisions to the 
Basle Accord. The proposal would permit thrifts to net, for risk-based 
capital purposes, interest and exchange rate contracts subject to 
legally enforceable bilateral netting requirements that meet certain 
criteria. Thrifts would be allowed to net positive and negative mark-
to-market values of rate contracts in determining the current exposure 
portion of the credit equivalent amount of such contracts to be 
included in risk-weighted assets.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/14/94                    59 FR 30538
NPRM Comment Period End         07/14/94                    59 FR 30538


Next Action Undetermined

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: John F. Connolly, Program Manager, Capital Policy, 
Department of the Treasury, Office of Thrift Supervision, 1700 G Street 
NW., Washington, DC 20552, 202 906-6465

RIN: 1550-AA75
_______________________________________________________________________

DEPARTMENT OF THE TREASURY (TREAS)                    Completed Actions
Office of Thrift Supervision (OTS)
  
_______________________________________________________________________
  
3733. REGULATORY CAPITAL: LEVERAGE RATIO REQUIREMENT

CFR Citation:  12 CFR 567

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Withdrawn                       08/01/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Lorraine Waller, 202 906-6458

RIN: 1550-AA32
_______________________________________________________________________

3734. MERGERS AND OTHER COMBINATIONS OF SAVINGS ASSOCIATIONS

CFR Citation:  12 CFR 552; 12 CFR 563

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action                    08/30/94                    59 FR 44615
Final Action Effective          09/29/94

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Kevin A. Corcoran, 202 906-6962

RIN: 1550-AA47
_______________________________________________________________________

3735. ACQUISITION OF CONTROL OF SAVINGS ASSOCIATIONS

CFR Citation:  12 CFR 574

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action                    06/02/94                    59 FR 28468
Final Action Effective          07/05/94                    59 FR 28468

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Kevin A. Corcoran, 202 906-6962

RIN: 1550-AA63
_______________________________________________________________________

3736. REAL ESTATE APPRAISALS

CFR Citation:  12 CFR 545; 12 CFR 563; 12 CFR 564

Completed:
_________________________________________________________________________

Reason                            Date                      FR Cite

_________________________________________________________________________

Final Action                    06/07/94                    59 FR 29482
Final Action Effective          06/07/94                    59 FR 29482

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Robert Fishman, 202 906-5672

RIN: 1550-AA64
_______________________________________________________________________

3737.  CONVERSION FROM MUTUAL TO STOCK FORM; MUTUAL SAVINGS AND 
LOAN HOLDING COMPANIES

Legal Authority:  12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 
12 USC 1467a; 12 USC 1828; 12 USC 2901; 15 USC 78c; 15 USC 78l; 15 USC 
78m; 15 USC 78n; 15 USC 78w

CFR Citation:  12 CFR 563b; 12 CFR 575

Legal Deadline: None

Abstract: The OTS has issued a notice of proposed rulemaking that would 
require that the OTS, in connection with its review of conversion 
applications and mutual holding company stock offering applications, 
consider the extent to which the transaction will affect the 
convenience and needs of the communities to be served by the applicant. 
The OTS would be required to consider the applicant's record of 
compliance with the Community Reinvestment Act and other factors 
relating to the convenience and needs of the communities to be served.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            05/03/94                    59 FR 22764
NPRM Comment Period End         07/18/94                    59 FR 29975
Combined With RIN 1550-AA73     10/05/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Michael P. Vallely, Senior Attorney, Business 
Transactions, Department of the Treasury, Office of Thrift Supervision, 
1700 G Street NW., Washington, DC 20552, 202 906-6241

RIN: 1550-AA74
[FR Doc. 94-23423 Filed 11-10-94; 8:45 am]
BILLING CODE 6720-01-F