The Regulatory Plan and Unified Agenda of Federal Regulations - Department of the Treasury Semiannual Regulatory Agenda

[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.

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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
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Regulation
Sequence Title Identifier
Number Number
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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
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References in boldface appear in the Regulatory Plan in Part II of this issue of the Federal Register.

Departmental Offices--Proposed Rule Stage
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Regulation
Sequence Title Identifier
Number Number
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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
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Regulation
Sequence Title Identifier
Number Number
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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
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Regulation
Sequence Title Identifier
Number Number
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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)

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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
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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:
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Action Date FR Cite

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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
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DEPARTMENT OF THE TREASURY (TREAS) Proposed Rule Stage
Departmental Offices (DO)

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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:
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Action Date FR Cite

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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
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DEPARTMENT OF THE TREASURY (TREAS) Final Rule Stage
Departmental Offices (DO)

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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:
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Action Date FR Cite

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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:
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Action Date FR Cite

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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

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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:
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Action Date FR Cite

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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

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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
----------------------------------------------------------------------------------------------------------------
3081 31 CFR 203 (Revision) Treasury Tax and Loan Depositaries (Reg Plan Seq. No. 137)..... 1510-AA37
----------------------------------------------------------------------------------------------------------------
References in boldface appear in the Regulatory Plan in Part II of this issue of the Federal Register.

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

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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.

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

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

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

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

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

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.

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

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

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

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

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

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

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

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

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

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

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