Internal Revenue Bulletin 2001-18 (PDF rendition): IRS Notices

Preserve advance releases and the authoritative Internal Revenue Bulletin rendition; directory timestamps are file-publication metadata, not legal effective dates. HTML bulletins begin June 2003; earlier available issues require full PDF parsing. Whole bulletin rendition: numbered items are identified below; other legal material and publisher context remain included. This is not a new standalone advance release.

INCOME TAX
Rev. Rul. 2001–19, page 1143.
Low-income housing credit; satisfactory bond; “bond
factor” amounts for the period April through June
2001.This ruling announces the monthly bond factor
amounts to be used by taxpayers who dispose of qualified
low-income buildings or interests therein during the period
April through June 2001.
Rev. Rul. 2001–20, page 1143.
Qualified lessee construction allowances for short-term
leases.The purpose requirement under section 1.110–1(b)(3)
of the regulations does not require a lease agreement to pro-
vide that the entire construction allowance is for the purpose of
constructing or improving qualified long-term real property.
However, only the portion of the construction allowance actual-
ly expended on qualified long-term real property for use in the
lessee’s trade or business at the retail space may qualify as a
qualified lessee construction allowance.
Rev. Rul. 2001–21, page 1144.
Special use value; farms; interest rates. The 2001 inter-
est rates to be used in computing the special use value of
farm real property for which an election is made under section
2032A of the Code are listed for estates of decedents.
EMPLOYEE PLANS
Notice 2001–32, page 1146.
Weighted average interest rate update. The weighted
average interest rate for April 2001 and the resulting per-
missible range of interest rates used to calculate current lia-
bility for purposes of the full funding limitation of section
412(c)(7) of the Code are set forth.
Announcement 2001–43, page 1147.
This document contains corrections to final regulations (T.D.
8921, 2001–7 I.R.B. 532) relating to tax treatment of cafe-
teria plans.
ESTATE TAX
Rev. Rul. 2001–21, page 1144.
Special use value; farms; interest rates. The 2001
interest rates to be used in computing the special use value
of farm real property for which an election is made under
section 2032A of the Code are listed for estates of dece-
dents.
EXEMPT ORGANIZATIONS
Announcement 2001–45, page 1148.
A list is provided of organizations now classified as private
foundations.
ADMINISTRATIVE
Announcement 2001–41, page 1147.
This document contains corrections to final and temporary
regulations (T.D. 8916, 2001–4 I.R.B. 360) relating to Code
section 864(e)(5) and 864(e)(6) rules on affiliated group
interest and other expense allocation and apportionment and
to the section 904(d) foreign tax credit limitation.
Announcement 2001–42, page 1147.
This document contains corrections to proposed regulations
(REG–104683–00, 2001–4 I.R.B. 407) relating to the appli-
cation of section 904 of the Code to income subject to sepa-
rate limitations and computation of deemed-paid credit under
section 902 of the Code.
Announcement 2001–44, page 1148.
This document contains a correction to proposed regulations
(REG–110374–00, 2001–12 I.R.B. 915) relating to interest-
free adjustments with respect to underpayments of employ-
ment taxes.
Internal Revenue
bbuulllleettiinn
Bulletin No. 2001–18
April 30, 2001
HIGHLIGHTS
OF THIS ISSUE
These synopses are intended only as aids to the reader in
identifying the subject matter covered. They may not be
relied upon as authoritative interpretations.
Department of the Treasury
Internal Revenue Service
Finding Lists begin on page ii.

April 30, 20012001–18 I.R.B.
The Internal Revenue Bulletin is the authoritative instrument
of the Commissioner of Internal Revenue for announcing offi-
cial rulings and procedures of the Internal Revenue Service
and for publishing Treasury Decisions, Executive Orders, Tax
Conventions, legislation, court decisions, and other items of
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It is the policy of the Service to publish in the Bulletin all sub-
stantive rulings necessary to promote a uniform application
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modify, or amend any of those previously published in the
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wise indicated. Procedures relating solely to matters of in-
ternal management are not published; however, statements
of internal practices and procedures that affect the rights
and duties of taxpayers are published.
Revenue rulings represent the conclusions of the Service on
the application of the law to the pivotal facts stated in the
revenue ruling. In those based on positions taken in rulings
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The Bulletin is divided into four parts as follows:
Part I.—1986 Code.
This part includes rulings and decisions based on provisions
of the Internal Revenue Code of 1986.
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This part is divided into two subparts as follows: Subpart A,
Tax Conventions, and Subpart B, Legislation and Related
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To the extent practicable, pertinent cross references to
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istrative Rulings. Bank Secrecy Act Administrative Rulings
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Part IV.—Items of General Interest.
This part includes notices of proposed rulemakings, disbar-
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Provide America’s taxpayers top quality service by help-
ing them understand and meet their tax responsibilities
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Introduction
The contents of this publication are not copyrighted and may be reprinted freely. A citation of the Internal Revenue Bulletin as the source would be appropriate.
For sale by the Superintendent of Documents, U.S. Government Printing Office, Washington, DC 20402.

Section 42.—Low-Income
Housing Credit
Low-income housing credit; satisfac-
tory bond; “bond factor” amounts for
the period April through June 2001.
This ruling announces the monthly bond
factor amounts to be used by taxpayers
who dispose of qualified low-income
buildings or interests therein during the
period April through June 2001.
Rev. Rul. 2001–19
In Rev. Rul. 90–60, 1990–2 C.B. 4, the
Internal Revenue Service provided guid-
ance to taxpayers concerning the general
methodology used by the Treasury De-
partment in computing the bond factor
amounts used in calculating the amount of
bond considered satisfactory by the Sec-
retary under § 42(j)(6) of the Internal
Revenue Code. It further announced that
the Secretary would publish in the Inter-
nal Revenue Bulletin a table of “bond fac-
tor” amounts for dispositions occurring
during each calendar month.
Rev. Proc. 99–11, 1999–1 C.B. 275, es-
tablished a collateral program as an alterna-
tive to providing a surety bond for taxpayers
to avoid or defer recapture of the low-in-
come housing tax credits under § 42(j)(6).
Under this program, taxpayers may estab-
lish a Treasury Direct Account and pledge
certain United States Treasury securities to
the Internal Revenue Service as security.
This revenue ruling provides in Table 1
the bond factor amounts for calculating
the amount of bond considered satisfac-
tory under § 42(j)(6) or the amount of
United States Treasury securities to
pledge in a Treasury Direct Account
under Rev. Proc. 99–11 for dispositions of
qualified low-income buildings or inter-
ests therein during the period April
through June 2001.
2001–18 I.R.B.1143April 30, 2001
Part I. Rulings and Decisions Under the Internal Revenue Code of 1986
Table 1
Rev. Rul. 2001–19
Monthly Bond Factor Amounts for Dispositions Expressed As a Percentage of Total Credits
Calendar Year Building Placed in Service or, if Section 42(f)(1)
Election Was Made, the Succeeding Calendar Year
Month of19871988198919901991199219931994199519961997
Disposition
Apr ’0120.3637.4151.7163.8074.0375.4677.7679.9882.2284.6787.27
May ’01 20.3637.4151.7163.8074.0375.2577.5479.7581.9884.4287.01
Jun ’0120.3637.4151.7163.8074.0375.0577.3279.5281.7584.1886.76
Table 1 (cont’d)
Rev. Rul. 2001–19
Monthly Bond Factor Amounts for Dispositions Expressed As a Percentage of Total Credits
Calendar Year Building Placed in Service or, if Section 42(f)(1)
Election Was Made, the Succeeding Calendar Year
Month of1998199920002001
Disposition
Apr ’0190.1593.0195.6097.21
May ’0189.8792.7195.3197.21
Jun ’0189.6192.4495.0597.21
For a list of bond factor amounts ap-
plicable to dispositions occurring during
other calendar years, see: Rev. Rul. 98–3,
1998–1 C.B. 248, and Rev. Rul. 2001–2,
2001–2 I.R.B. 255. For dispositions oc-
curring during the period January through
March 2001, see Rev. Rul. 2001–10,
2001–10 I.R.B. 755.
DRAFTING INFORMATION
The principal author of this revenue
ruling is Gregory N. Doran of the Office
of Associate Chief Counsel (Passthroughs
and Special Industries). For further infor-
mation regarding this revenue ruling, con-
tact Mr. Doran at (202) 622-3040 (not a
toll-free call).
Section 61.—Gross Income
Defined
26 CFR 1.61–1: Gross income.
Must a lease agreement provide that an entire
construction allowance is for the purpose of con-
structing or improving qualified long-term real
property to satisfy the purpose requirement under
§ 1.110–1(b)(3) of the Income Tax Regulations? See
Rev. Rul. 2001–20, beginning on this page.
Section 110.—Qualified Lessee
Construction Allowances for
Short-Term Leases
26 CFR 1.110–1: Qualified lessee construction
allowances. (Also § 61; 1.61–1.)
Qualified lessee construction al-
lowances for short-term leases.The

purpose requirement under section
1.110–1(b)(3) of the Income Tax Regula-
tions does not require a lease agreement
to provide that the entire construction al-
lowance is for the purpose of constructing
or improving qualified long-term real
property. However, only the portion of
the construction allowance actually ex-
pended on qualified long-term real prop-
erty for use in the lessee’s trade or busi-
ness at the retail space may qualify as a
qualified lessee construction allowance.
Rev. Rul. 2001–20
ISSUE
Must a lease agreement provide that an
entire construction allowance is for the pur-
pose of constructing or improving qualified
long-term real property to satisfy the pur-
pose requirement under § 1.110–1(b)(3) of
the Income Tax Regulations?
FACTS
Xis in the business of selling tangible
personal property to the general public.
On February 5, 2001, Xand Ysign a 10-
year agreement for the lease by Xof retail
space located in Y’s newly constructed
shopping center. The 10-year lease term
starts March 1, 2001. A provision of the
lease agreement provides that Ywill pro-
vide Xwith a construction allowance in
the amount of $1 million for the retail
space. The lease agreement provides that,
to the extent the $1 million construction
allowance is spent on qualified long-term
real property, it is for the purpose of con-
structing or improving qualified long-term
real property for use in X’s business at the
retail space located at Y’s shopping center.
During X’s 2001 taxable year, Xre-
ceives the $1 million construction al-
lowance and spends $800,000 on quali-
fied long-term real property and $100,000
on section 1245 property for the leased re-
tail space located in Y’s shopping center.
Xis permitted to retain any excess over
the amount it actually spends improving
the retail space.
LAW AND ANALYSIS
Section 61(a) of the Internal Revenue
Code provides that gross income means
“all income from whatever source de-
rived” except as otherwise provided in
subtitle A of the Code.
Section 110(a) provides a safe harbor
excluding from gross income any amount
received in cash (or treated as a rent re-
duction) by a lessee from a lessor under a
short-term lease of retail space, for the
purpose of the lessee’s constructing or im-
proving qualified long-term real property
for use in the lessee’s trade or business at
the retail space, but only to the extent that
the amount does not exceed the amount
expended by the lessee for the construc-
tion or improvement (a qualified lessee
construction allowance).
Section 110(c)(1) defines the term
“qualified long-term real property” as
nonresidential real property which is part
of, or otherwise present at, the retail space
referred to in § 110(a) and which reverts
to the lessor at the termination of the
lease. Section 1.110–1(b)(2)(i) further
defines qualified long-term real property
as not including property qualifying as
section 1245 property under section
1245(a)(3).
Section 110(c)(2) defines the term
“short-term lease” as a lease (or other
agreement for occupancy or use) of retail
space for 15 years or less (as determined
under the rules of § 168(i)(3)). Section
110(c)(3) defines the term “retail space”
as real property leased, occupied, or oth-
erwise used by a lessee in its trade or
business of selling tangible personal prop-
erty or services to the general public.
Under the purpose requirement in
§ 1.110–1(b)(3), an amount is excluded
from gross income under § 110(a) only to
the extent that the lease agreement for the
retail space expressly provides that the
construction allowance is for the purpose
of constructing or improving qualified
long-term real property for use in the
lessee’s trade or business at the retail
space.
The intent of the purpose requirement
in § 1.110–1(b)(3), which requires the
lease agreement expressly provide that the
construction allowance is for the purpose
of constructing or improving qualified
long-term real property, is to ensure that
the lessor and the lessee take consistent
tax positions. The requisite provision in
the lease agreement serves as an acknowl-
edgment by the lessor and the lessee that,
to the extent the construction allowance is
spent on qualified long-term real property,
the improved or constructed property will
be treated as owned by the lessor. The
purpose requirement in § 1.110–1(b)(3)
does not require a lease agreement to pro-
vide that the entire construction allowance
is for the purpose of constructing or im-
proving qualified long-term real property.
However, only the portion of the construc-
tion allowance actually spent on qualified
long-term real property may qualify as a
qualified lessee construction allowance.
Accordingly, of the $1 million construc-
tion allowance provided by Yto X,
$800,000 qualifies as a qualified lessee
construction allowance that may be ex-
cluded from income under § 110(a).
HOLDING
The purpose requirement under
§ 1.110–1(b)(3) does not require a lease
agreement to provide that the entire con-
struction allowance is for the purpose of
constructing or improving qualified long-
term real property. However, only the
portion of the construction allowance ac-
tually expended on qualified long-term
real property for use in the lessee’s trade
or business at the retail space may qualify
as a qualified lessee construction al-
lowance.
DRAFTING INFORMATION
The principal author of this revenue
ruling is Paul Handleman of the Office of
Associate Chief Counsel (Passthroughs
and Special Industries). For further infor-
mation regarding this revenue ruling, con-
tact Mr. Handleman at (202) 622-3040
(not a toll-free call).
Section 2032A.—Valuation of
Certain Farm, Etc., Real
Property
26 CFR 20.2032A–4: Method of valuing farm real
property.
Special use value; farms; interest rates.
The 2001 interest rates to be used in com-
puting the special use value of farm real
property for which an election is made
under section 2032A of the Code are
listed for estates of decedents.
Rev. Rul. 2001–21
This revenue ruling contains a list of
the average annual effective interest rates
on new loans under the Farm Credit Bank
April 30, 200111442001–18 I.R.B.

system. This revenue ruling also contains
a list of the states within each Farm Credit
Bank District.
Under § 2032A(e)(7)(A)(ii) of the Inter-
nal Revenue Code, rates on new Farm
Credit Bank loans are used in computing the
special use value of real property used as a
farm for which an election is made under
§ 2032A. The rates in this revenue ruling
may be used by estates that value farmland
under § 2032A as of a date in 2001.
Average annual effective interest rates,
calculated in accordance with
§ 2032A(e)(7)(A) and § 20.2032A–4(e)
of the Estate Tax Regulations, to be used
under § 2032A(e)(7)(A)(ii), are set forth
in the accompanying Table of Interest
Rates (Table 1). The states within each
Farm Credit Bank District are set forth in
the accompanying Table of Farm Credit
Bank Districts (Table 2).
Rev. Rul. 81–170, 1981–1 C.B. 454,
contains an illustrative computation of an
average annual effective interest rate.
The rates applicable for valuation in 2000
are in Rev. Rul. 2000–26, 2000–22 I.R.B.
1124. For rate information for years prior
to 2000, see Rev. Rul. 99–20, 1999–1
C.B. 972, and other revenue rulings that
are referenced therein.
DRAFTING INFORMATION
The principal author of this revenue
ruling is Lane Damazo of the Office of
the Associate Chief Counsel
(Passthroughs and Special Industries).
For further information regarding this
revenue ruling, contact Lane Damazo at
(202) 622-3090 (not a toll-free call).
2001–18 I.R.B.1145April 30, 2001
REV. RUL. 2001–21 TABLE 1
TABLE OF INTEREST RATES
(Year of Valuation 2001)
Farm Credit Bank District inInterest
Which Property Is LocatedRate
Columbia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9.90
Omaha/Spokane . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7.98
Sacramento . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7.99
St. Paul . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8.13
Springfield . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8.97
Texas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8.22
Wichita . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8.22
REV. RUL. 2001–21 TABLE 2
TABLE OF FARM CREDIT BANK DISTRICTS
DistrictStates
Columbia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Delaware, District of Columbia, Florida,
Georgia, Maryland, North Carolina,
Pennsylvania, South Carolina, Virginia, West
Virginia
Omaha/Spokane . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Alaska, Idaho, Iowa, Montana, Nebraska,
Oregon, South Dakota, Washington, Wyoming.
Sacramento . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Arizona, California, Hawaii, Nevada, Utah.
St. Paul . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Arkansas, Illinois, Indiana, Kentucky,
Michigan, Minnesota, Missouri, North Dakota,
Ohio, Tennessee, Wisconsin.
Springfield . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Connecticut, Maine, Massachusetts,
New Hampshire, New Jersey, New York,
Rhode Island, Vermont.
Texas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Alabama, Louisiana, Mississippi, Texas
Wichita . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Colorado, Kansas, New Mexico, Oklahoma

April 30, 200111462001–18 I.R.B.
Weighted Average Interest Rate
Update
Notice 2001–32
Notice 88–73 provides guidelines for
determining the weighted average interest
rate and the resulting permissible range of
interest rates used to calculate current lia-
bility for the purpose of the full funding
limitation of § 412(c)(7) of the Internal
Revenue Code as amended by the Om-
nibus Budget Reconciliation Act of 1987
and as further amended by the Uruguay
Round Agreements Act, Pub. L. 103–465
(GATT).
The average yield on the 30-year Trea-
sury Constant Maturities for March 2001
is 5.34 percent.
The following rates were determined
for the plan years beginning in the month
shown below.
Part III. Administrative, Procedural, and Miscellanous
90% to 105%90% to 110%
WeightedPermissiblePermissible
MonthYearAverageRangeRange
April20015.855.26 to 6.145.26 to 6.43
Drafting Information
The principal author of this notice is
Todd Newman of the Employee Plans,
Tax Exempt and Government Entities Di-
vision. For further information about this
notice, please call Mr. Newman at (202)
283-9702 (not a toll-free number).

Application of Section 904 to
Income Subject to Separate
Limitations and Section 864(e)
Affiliated Group Expense
Allocation and Apportionment
Rules; Correction
Announcement 2001–41
AGENCY: Internal Revenue Service
(IRS), Treasury.
ACTION: Corrections to final and tem-
porary regulations.
SUMMARY: This document contains
corrections to final and temporary regula-
tions (T.D. 8916, 2001–4 I.R.B. 360) that
were published in the Federal Register
on Wednesday, January 3, 2001 (66 FR
268), relating to the section 864(e)(5) and
(6) rules on affiliated group interest and
other expense allocation and apportion-
ment and to the section 904(d) foreign tax
credit limitation.
DATES: These corrections are effective
January 3, 2001.
FOR FURTHER INFORMATION CON-
TACT: Bethany A. Ingwalson (202) 622-
3850 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The final and temporary regulations
that are the subject of these corrections
are under section 864 and 904 of the In-
ternal Revenue Code.
Need for Correction
As published, the final and temporary reg-
ulations contain errors that may prove to be
misleading and are in need of clarification.
Correction of Publication
Accordingly, the publication of the
final and temporary regulations (T.D.
8916), that were the subject of FR Doc.
00–32477, is corrected as follows:
1. On page 268, column 3, in the pream-
ble in the caption “DATES:” under the
“Applicability Dates:” paragraph heading,
first full paragraph, line 6 and 7, the lan-
guage “9(h)(5)(i) and (ii), §1.861–
11(d)(8), and §1.861–14(d)(1), (d)(2)(i), and
(d)(2)(ii)” is corrected to read “9(h)(5)(iii),
§1.861–11(d)(2)(iv) and (d)(7), and
§1.861–14(d)(1) and (d)(2)(iii)”.
§1.904–4 [Corrected]
2. On page 276, column 3, §1.904–4,
paragraph (g)(3)(ii)(C), line 6, the lan-
guage “determination whether a distribu-
tion” is corrected to read “determination
of whether a distribution”.
Cynthia E. Grigsby,
Chief, Regulations Unit,
Office of Special Counsel
(Modernization and Strategic Planning).
(Filed by the Office of the Federal Register on
March 22, 2001, 8:45 a.m., and published in the
issue of the Federal Register for March 23, 2001, 66
F.R. 16126)
Application of Section 904 to
Income Subject to Separate
Limitations and Computation of
Deemed-Paid Credit Under
Section 902; Correction
Announcement 2001–42
AGENCY: Internal Revenue Service
(IRS), Treasury.
ACTION: Corrections to notice of pro-
posed rulemaking and notice of public
hearing.
SUMMARY: This document contains
corrections to a notice of proposed rule-
making and notice of public hearing
(REG–104683–00, 2001–4 I.R.B. 407)
that was published in the Federal Regis-
teron Wednesday, January 3, 2001 (66
FR 319), relating to the application of
section 904 to income subject to separate
limitations and computation of deemed-
paid credit under section 902.
FOR FURTHER INFORMATION CON-
TACT: Bethany A. Ingwalson (202) 622-
3850 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The notice of proposed rulemaking and
notice of public hearing that is the subject
of these corrections is under sections 902
and 904 of the Internal Revenue Code.
Need for Correction
As published, the notice of proposed
rulemaking and notice of public hearing
(REG–104683–00) contain errors that
may be misleading and are in need of
clarification.
Correction of Publication
Accordingly, the publication of the no-
tice of proposed rulemaking and notice of
public hearing (REG–104683–00), which
is the subject of FR Doc. 00–32478, is
corrected as follows:
1. On page 319, column 2, in the pre-
amble under the caption “AD-
DRESSES:”, line 9, the language
“(REG–106409–00), Courier’s Desk,” is
corrected to read “(REG–104683–00),
Courier’s Desk,”.
§1.904(b)–1 [Corrected]
2. On page 331, column 3, §1.904
(b)–1(f), paragraph (i) of Example 1,
line 4 from the bottom of the paragraph,
the language “would have been subject
to tax a rate of 20” is corrected to read
“would have been subject to tax at a rate
of 20”.
Cynthia E. Grigsby,
Chief, Regulations Unit,
Office of Special Counsel
(Modernization and Strategic Planning).
(Filed by the Office of the Federal Register on
March 20, 2001, 8:45 a.m., and published in the
issue of the Federal Register for March 21, 2001, 66
F.R. 15820)
Tax Treatment of Cafeteria
Plans; Correction
Announcement 2001–43
AGENCY: Internal Revenue Service
(IRS), Treasury.
ACTION: Corrections to final regula-
tions.
SUMMARY: This document contains
corrections to final regulations (T.D.
8921, 2001–7 I.R.B. 532) that were pub-
lished in the Federal Registeron
Wednesday, January 10, 2001 (66 FR
2001–18 I.R.B.1147April 30, 2001
Part IV. Items of General Interest

April 30, 200111482001–18 I.R.B.
1837), relating to section 125 cafeteria
plans.
DATES: This correction is effective Janu-
ary 10, 2001.
FOR FURTHER INFORMATION CON-
TACT: Christine L. Keller (202) 622-
6080 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The final regulations that are the sub-
ject of these corrections are under section
125 of the Internal Revenue Code.
Need for Correction
As published, final regulations (T.D.
8921, 2001–7 I.R.B. 532) contain errors
that may prove to be misleading and are
in need of clarification.
Correction of Publication
Accordingly, the publication of the
final regulations (T.D. 8921), which were
the subject of FR Doc. 01–258, is cor-
rected as follows:
1. On page 1838, column 1, in the
preamble under the paragraph heading
1. Changes in the March 2000 Final
Regulations, line 3 of the first para-
graph, the language “final regulations
issued earlier this year” is corrected to
read “final regulations issued in March
2000”.
2. On page 1838, column 3, under the
paragraph heading 2. Changes From the
March 2000 Proposed Regulations, line
4, the language “earlier this year, but in-
clude various” is corrected to read “in
March 2000, but include various”.
3. On page 1840, column 1, amenda-
tory instruction Par. 2. is corrected by
adding a new instruction “3a.” following
item 3 to read as follows:
3a. Revising paragraph (c)(3)(ii).
§1.125–4 [Corrected]
4. On page 1840, column 2, §1.125–4
is corrected by removing the 5 asterisks
following paragraph (c)(1)(ii).
5. On page 1840, column 2, §1.125–4
is corrected by removing the 5 asterisks
following paragraph (c)(3)(i) and adding
the text of revised paragraph (c)(3)(ii) in
their place to read as follows:
§1.125–4 Permitted election changes.
* * * * *
(c) * * *
(3) * * *
(ii) Application to other qualified bene-
fits. An election change satisfies the re-
quirements of this paragraph (c)(3) with
respect to other qualified benefits if the
election change is on account of and cor-
responds with a change in status that af-
fects eligibility for coverage under an em-
ployer’s plan. An election change also
satisfies the requirements of this para-
graph (c)(3) if the election change is on
account of and corresponds with a change
in status that effects expenses described in
section 129 (including employment-re-
lated expenses as defined in section
21(b)(2)) with respect to dependent care
assistance, or expenses described in sec-
tion 137 (including qualified adoption ex-
penses as defined in section 137(d)) with
respect to adoption assistance.
* * * * *
6. On page 1841, column 3,
§1.125–4(f)(5)(ii), line 4, the language “Ser-
vice, or a tribal organization” is corrected to
read “Service, or a tribal organization;”.
Cynthia E. Grigsby,
Chief, Regulations Unit,
Office of Special Counsel
(Modernization and Strategic Planning).
(Filed by the Office of the Federal Register on
March 1, 2001, 8:45 a.m., and published in the issue
of the Federal Register for March 2, 2001, 66 F.R.
13012)
Interest-Free Adjustments With
Respect to Underpayments of
Employment Taxes; Correction
Announcement 2001–44
AGENCY: Internal Revenue Service
(IRS), Treasury.
ACTON: Correction to notice of pro-
posed rulemaking.
SUMMARY: This document contains a
correction to a notice of proposed rule-
making (REG–110374–00, 2001–12
I.R.B. 915) that was published in the Fed-
eral Registeron Wednesday, January 17,
2001 (66 FR 3956), relating to interest-
free adjustments with respect to under-
payments of employment taxes.
FOR FURTHER INFORMATION CON-
TACT: Anne O’Connell Devereaux (202)
622-3850 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The notice of proposed rulemaking
(REG–110374–00), that is the subject of
this correction is under section 6205 of
the Internal Revenue Code.
Need for Correction
As published, the notice of proposed
rulemaking (REG–110374–00) contains
an error that may prove to be misleading
and is in need of clarification.
Correction of Publication
Accordingly, the publication of the no-
tice of proposed rulemaking which was
the subject of FR Doc. 01–273, is cor-
rected as follows:
On page 3958, column 2, in the pream-
ble under the paragraph heading “Proposed
Effective Date”, the first paragraph, line
7, the language “January 12, 2001. No in-
ference is” is corrected to read “January
17, 2001. No inference is”.
Cynthia E. Grigsby,
Chief, Regulations Unit,
Office of Special Counsel
(Modernization and Strategic Planning).
(Filed by the Office of the Federal Register on
March 2, 2001, 8:45 a.m., and published in the issue
of the Federal Register for March 5, 2001, 66 F.R.
13275)
Foundations Status of Certain
Organizations
Announcement 2001–45
The following organizations have failed
to establish or have been unable to maintain
their status as public charities or as operat-
ing foundations. Accordingly, grantors and
contributors may not, after this date, rely on
previous rulings or designations in the Cu-
mulative List of Organizations (Publication
78), or on the presumption arising from the
filing of notices under section 508(b) of the
Code. This listing does notindicate that the
organizations have lost their status as orga-
nizations described in section 501(c)(3), eli-
gible to receive deductible contributions.

2001–18 I.R.B.1149April 30, 2001
Former Public Charities.The following
organizations (which have been treated as
organizations that are not private founda-
tions described in section 509(a) of the
Code) are now classified as private foun-
dations:
125th Anniversary of Tarrytown, Inc.,
Tarrytown, NY
1000 Islands Select Hockey, Inc.,
Watertown, NY
Aberdeen Solomon David Memorial
Scholarship Fund, Newark, NJ
Adventure for Adults, Inc.,
Haddon Heights, NJ
Africa Legal Defense and Education
Fund, Inc., New York, NY
African American Historical Society of
Rockland County, Inc., Tappan, NY
Afriqua, East Orange, NJ
Ahepa 91, Inc., Lancaster, NY
Aids Association of Western New York,
Inc., Buffalo, NY
Amateur Radio Communication Service
Corps, Inc., Neptune, NJ
American-Belgian Holocaust Memorial
Foundation, New York, NY
American Committee for Sanz
Institutions of Israel, Inc.,
Brooklyn, NY
American Friends of the Centre for
European Security Studies, Ltd.,
New York, NY
American Friends of the Jewish Bible
Association, Inc., Long Branch, NJ
American Friends of the Shanghai
Museum, Inc., New York, NY
American Methadone Treatment Assoc.,
New York, NY
American Pledge, Inc., Chappaqua, NY
Amherst Chamber Ensembles, Inc.,
Williamsville, NY
Angels for Janine, Armonk, NY
Ark House, Inc., Newark, NJ
Art in Perpetuity, New York, NY
Artsmarter, Inc, New York, NY
Association of Consumers for
Enhancement and Support, Inc.,
Seneca Falls, NY
Aurora Playground Fund, Aurora, NY
Bear Boosters, Delrain, NJ
Biliary Artesia & Livery Transplant
Network, Inc., Staten Island, NY
Bridges to Independence, Inc.,
New York, NY
Bronx Korea Community Service Center,
Inc., Bronx, NY
Broome Community Partners, Inc.,
Binghamton, NY
Calvary Foundation, Inc., Buffalo, NY
Camden Community Partnership for
Substance Abuse Prevention, Inc.,
Camden, NJ
Capizeno Circle, Inc., USA,
Jersey City, NJ
Casa Banome Housing Development
Fund Corporation, Bronx, NY
Center for Immigration Support, Inc.,
New City, NY
Center for Jewish Governance,
Montrose, NY
Central Westchester Senior Center, Inc.,
Port Chester, NY
Charge, Incorporated, New York, NY
Childrens Holiday Foundation, Inc.,
New York, NY
Clifton Hospice House, Inc., Clifton, NJ
Clinton Complex Housing Development
Fund Corporation, Bronx, NY
Cohoes Kiwanis Foundation, Inc.,
Cohoes, NY
Community Law Advocates,
New York, NY
Concord Conservancy, Inc.,
New York, NY
Corning Community College Alumni
Association, Inc., Corning, NY
Cuddlecare A New Jersey Nonprofit
Corporation, Red Bank, NJ
Cumberland County Coalition on Abuse
and Neglect, Incorporated,
Vineland, NJ
David Martin Carter Award Fund
Corporation, New York, NY
Dimension Educative Corporation,
West New York, NY
Domestic Pressure, Inc., New York, NY
Dr. E.L. Williams Jr., Ministries,
Irvington, NJ
Earthbase, Inc., New York, NY
Eating Disorders International, Inc.,
New York, NY
Economic Development Corporation of
Westchester Avenue, Bronx, NY
Education Connection Foundation, Inc.,
Hackensack, NJ
Eleemosynary Charitable Fund, Inc.,
New York, NY
Environmental Benefit, Inc.,
Port Chester, NY
Epasa-USA, Inc., Ridgewood, NY
Epidavros Project, Inc., New York, NY
Erie County Youthbuild, Inc.,
Buffalo, NY
Ethos Environmental Council, Inc.,
Westfield, NJ
Evergreen Foundation, Buffalo, NY
Excelsior Hose Company Number 4, Inc.,
Kingston, NY
Family Housing Services of Orange Co.,
Inc., Newburgh, NY
Famine Garden Foundation, Hillside, NY
Fifty Plus, Inc., Staten Blvd., NY
First Baptist Housing Development Fund
Company, Inc., Mamaroneck, NY
First Hellenic-American Society of
Friends, Inc., New York, NY
Fitness Training Institute, Inc.,
New York, NY
Floyd Historical Society, Rome, NY
Foothills Community Center, Inc.,
Monticello, NY
Foundation of NYS Federation of
Professional Health Educators, Inc.,
Binghamton, NY
Friends of Hill Cottage, Ltd.,
Lake George, NY
Friends of Lt. George Lener,
Staten Island, NY
Friends of Memorial, Inc., New York, NY
Friends of Science, Staten Island, NY
Foundation for Economic Democracy,
Inc., New York, NY
Fulmont Ralph Bell Crusade, Fonda, NY
Galatea Ensemble, Inc., New York, NY
Graffiti Community Ministries, Inc.,
New York, NY
Grassroots Interconnect, Inc.,
Pittsford, NY
Greater New York Chapter of Adec, Inc.,
New York, NY
Greater Rochester Professionals
Network, Rochester, NY
Harborside Apartments, Inc.,
Paterson, NJ
Help Aids Resources Triumph, Inc.,
New York, NY
Hill Communications, Inc.,
Schenectady, NY
Homeboy Golf Tournament, Inc.,
New York, NY
Homes for All, Ltd., Delmar, NY
Homestead Establishment, Inc.,
Orchard Park, NY
Hope Animal Foundation, Inc.,
Summit, NJ
Hudson Valley Air Museum Foundation,
Inc., Poughkeepsie, NY
In the Spirit of the Children, Inc.,
New York, NY
International Bank Study Center, Inc.,
New York, NY
International Foundation for
Development of Modern Arts,
New York, NY

April 30, 200111502001–18 I.R.B.
International Junior Golf Tour, Inc.,
Hilton Head, SC
International Society for Holter &
Noninvasive Electrocardiology, Inc.,
Boston, MA
Israel Leadership and Education
Foundation, Inc., New York, NY
Jiribilla Cuban Culture Association, Inc.,
New York, NY
Johnson City Rotary Foundation,
Vestal, NY
Jude Institute of New Jersey, Inc.,
Englishtown, NJ
Kencon, Inc., Willingboro, NJ
Kenmore Housing Development Fund,
Corporation, New York, NY
Kingston-Newburgh Enterprise
Corporation, Newburgh, NY
Kofi, Incorporated, Bronx, NY
Leadership Board, Inc., Waterford, NY
Learning Annex Foundation, Inc.,
New York, NY
Learning Emporium, Inc., Clifton, NJ
Levoy Theatre Preservation Society, Inc.,
Millville, NJ
Lewis P. Preston Education Program for
Girls, Inc., Newark, DE
Lewis Street Housing Development Fund
Company, Buffalo, NY
Life and Living Bereavement Center,
Inc., New York, NY
Lighthouse Community Outreach, Inc.,
Bronx, NY
Lilac Housing, Corp., Williamsville, NY
Lillian Leppe & Augusto Mauro
Memorial Foundation, Inc.,
New York, NY
Ludlow Independent Soccer Club,
Ludlow, MA
Magnificat Meal Movement International-
New York, White Plains, NY
Maria Foundation, Inc., Cherry Hill, NJ
McTyeire School Alumnae Association of
Eastern USA and Canada,
Cliffside Park, NJ
Medgar Evers College Research and
Development Foundation, Inc.,
New York, NY
Millenium Arts Project, Inc.,
New York, NY
Miriam Zukerman Music Foundation,
New York, NY
Miss America Foundation, Inc.,
Atlantic City, NJ
Moscow Institute for Advanced Studies,
Inc., New York, NY
Motherless Daughters, Inc.,
New York, NY
Mullica Twp Community Playground
Project, Inc., Sweetwater, NJ
Musicians Against Racism-Sexism, Inc.,
New York, NY
Musicians Aid Society of New York, Inc.,
New York, NY
Mustard Seed Korean Community
Services Center, Inc.,
Palisades Park, NJ
N.J. Roadrunners, Inc., Union, NJ
Neighborhood Partnership Housing
Development Fund Company, Inc.,
New York, NY
New American Stage Company, Inc.,
White Plains, NY
New Development Opportunities, Inc.,
Dunkirk, NY
New Square Local Development
Corporation, New Square, NY
Newton Ice Rink, Inc., Newton, CT
New York Forum, Inc.,
New York, NY
New York Society for Thoracic Surgery,
Inc., New York, NY
New York State Aerospace Education
Council, Inc., Scotia, NY
New York Womens Film Festival, Inc.,
New York, NY
North Bronx Health Center, Inc.,
New York, NY
North Jersey Babe Ruth Fall Ball, Inc.,
Sussex, NJ
Northeast Bronx Community Cultural
Committee, Inc., Bronx, NY
Northeast New Jersey Area Convention
of NA, Inc., Roselle, NJ
Northeastern Anthrpological Assoc.,
NEAA, Amherst, MA
Northhenge International Bobsledding,
Inc., Albany, NY
Oasis Community Development and
Housing, Inc., Plain Valley, NY
Ocean of Know, Inc., Dover Plains, NY
Pan Pacific and Southeast Asia Womens
Association, New York, NY
Parkchester Multi-Cultural Association,
Incorporated, Bronx, NY
Paul Revere Institute, Inc., Boston, MA
Peace on Earth Foundation, Inc.,
New York, NY
Peaceart International, Inc.,
Rochester, NY
Peak, Inc., New York, NY
Peas on Earth Nonprofit Trust,
Simsbury, CT
Penny Park Playground, Inc.,
Hammonton, NJ
Play for Kids, Inc., New York, NY
Potsdam Youth Soccer Association, Inc.,
Potsdam, NY
Praise Guide Dog Center & Mobility
School for the Blind,
Old Westbury, NY
Prayer Mountain, Inc., Sauquoit, NY
Project Live No. 4, Inc., Newark, NJ
Prometheus Theatre Productions, Inc.,
Los Angeles, CA
Pryor Manor Marsh Preservation
Association, Inc., New York, NY
Puertorican Hispanic Asian Development
Corporation, New York, NY
PWA Fund of Central New York, Inc.,
Syracuse, NY
R.B.M. Shelter Family Care, Inc.,
Newark, NJ
Raymond Francis Okonsky Foundation,
New York, NY
Rensselaer Artists Movement Society,
Rensselaer, NY
River Vale Playground Committee, Inc.,
River Vale, NJ
Rochester Childrens Museum,
Rochester, NY
Rockland Bicentennial 1998, Inc.,
New City, NY
Rockwork New York, Inc.,
New York, NY
Romanian Childrens Fund, Inc.,
Westwood, NJ
Rubber Duck Productions, Inc.,
Somerville, MA
Rye Neck Community Fund, Inc.,
Mamaroneck, NY
Samaritan Home Care,
Suffern, NY
Saratoga Affordable Housing Coalition,
Inc., Saratoga Springs, NY
Self Help for the Hard of Hearing New
Hampshire, Nashua, NH
Seneca Heights Corporation,
Syracuse, NY
Sloatsburg Interfaith Housing Alliance
Corporation, Elmsford, NY
Smart Kids USA, Inc.,
Middle Village, NY
Socio-Economic Empowerment Through
Democracy Development Group, Inc.,
Dryden, NY
Sovereign Military Order of Saint John of
Jerusalem Villdieu, Inc.,
New York, NY
St. Judes Community Center, Inc.,
Brooklyn, NY
Stage One, Incorporated, New York, NY
Staten Island Help Our People Excel,
Staten Island, NY

2001–18 I.R.B.1151April 30, 2001
Syracuse Walk of Stars Awards, Inc.,
Syracuse, NY
Taiwan International Cultural Exchange,
New York, NY
Ten Broeck Triangle Preservation
League, Inc., Albany, NY
Theodore Brown Christian Academy,
East Orange, NJ
Tioga Carver Community Foundation,
New York, NY
Union Baptist Community Development
Corporation, White Plains, NY
United Community Central Los Angeles,
Glendora, CA
Universal Prayer Fellowship, Inc.,
East Orange, NJ
University Gynecologists &
Obstetricians, Inc., Buffalo, NY
Upstate New York Torah Association,
Inc., Albany, NY
Uptown-Inner City League, Inc.,
New York, NY
Urgent Family Home Health Care, Inc.,
Bronx, NY
Vajrasattva Foundation, Inc.,
New York, NY
Van Nest Community Association, Inc.,
Bronx, NY
Victor Blue Devil Lacrosse Committee,
Victor, NY
Weigh Less Foundation,
New York, NY
Weigh Reseach Foundation,
New York, NY
West Chester Wildlife, Incorporated,
Peekskill, NY
Wheatfield-Ulster County Civil War
Round Table, Stone Ridge, NY
Wildlife Warriors, Inc., New City, NY
Womens Center for Grassroots
Development, Los Angeles, CA
World Confederation of United Zionists,
New York, NY
World Cultural Exchange, Inc.,
New York, NY
World of Culture for Performing Arts,
Inc., New York, NY
Yale Project 55, Inc., New York, NY
Yonkers Local Assistance Corporation,
Yonkers, NY
Yorkville Youth Athletic Association,
Inc., New York, NY
Young Artists Group, Inc.,
New York, NY
Young at Heart, Mattydale, NY
Young Readers Network, Inc.,
New York, NY
Zachor Int’l, Inc., New York, NY
If an organization listed above submits
information that warrants the renewal of
its classification as a public charity or as a
private operating foundation, the Internal
Revenue Service will issue a ruling or de-
termination letter with the revised classi-
fication as to foundation status. Grantors
and contributors may thereafter rely upon
such ruling or determination letter as pro-
vided in section 1.509(a)–7 of the Income
Tax Regulations. It is not the practice of
the Service to announce such revised clas-
sification of foundation status in the Inter-
nal Revenue Bulletin.

April 30, 2001i2001–18 I.R.B.
Revenue rulings and revenue procedures
(hereinafter referred to as “rulings”)
that have an effect on previous rulings
use the following defined terms to de-
scribe the effect:
Amplified describes a situation where
no change is being made in a prior pub-
lished position, but the prior position is
being extended to apply to a variation of
the fact situation set forth therein. Thus,
if an earlier ruling held that a principle
applied to A, and the new ruling holds
that the same principle also applies to B,
the earlier ruling is amplified. (Compare
with modified, below).
Clarified is used in those instances
where the language in a prior ruling is
being made clear because the language
has caused, or may cause, some confu-
sion. It is not used where a position in a
prior ruling is being changed.
Distinguisheddescribes a situation
where a ruling mentions a previously
published ruling and points out an essen-
tial difference between them.
Modified is used where the substance
of a previously published position is
being changed. Thus, if a prior ruling
held that a principle applied to A but not
to B, and the new ruling holds that it ap-
plies to both A and B, the prior ruling is
modified because it corrects a published
position. (Compare with amplified and
clarified, above).
Obsoleted describes a previously pub-
lished ruling that is not considered deter-
minative with respect to future transac-
tions. This term is most commonly used
in a ruling that lists previously published
rulings that are obsoleted because of
changes in law or regulations. A ruling
may also be obsoleted because the sub-
stance has been included in regulations
subsequently adopted.
Revoked describes situations where the
position in the previously published rul-
ing is not correct and the correct position
is being stated in the new ruling.
Superseded describes a situation where
the new ruling does nothing more than
restate the substance and situation of a
previously published ruling (or rulings).
Thus, the term is used to republish under
the 1986 Code and regulations the same
position published under the 1939 Code
and regulations. The term is also used
when it is desired to republish in a single
ruling a series of situations, names, etc.,
that were previously published over a pe-
riod of time in separate rulings. If the
new ruling does more than restate the
substance of a prior ruling, a combination
of terms is used. For example, modified
and superseded describes a situation
where the substance of a previously pub-
lished ruling is being changed in part and
is continued without change in part and it
is desired to restate the valid portion of
the previously published ruling in a new
ruling that is self contained. In this case
the previously published ruling is first
modified and then, as modified, is super-
seded.
Supplemented is used in situations in
which a list, such as a list of the names of
countries, is published in a ruling and
that list is expanded by adding further
names in subsequent rulings. After the
original ruling has been supplemented
several times, a new ruling may be pub-
lished that includes the list in the original
ruling and the additions, and supersedes
all prior rulings in the series.
Suspended is used in rare situations to
show that the previous published rulings
will not be applied pending some future
action such as the issuance of new or
amended regulations, the outcome of
cases in litigation, or the outcome of a
Service study.
Abbreviations
The following abbreviations in current use and for-
merly used will appear in material published in the
Bulletin.
A—Individual.
Acq.—Acquiescence.
B—Individual.
BE—Beneficiary.
BK—Bank.
B.T.A.—Board of Tax Appeals.
C—Individual.
C.B.—Cumulative Bulletin.
CFR—Code of Federal Regulations.
CI—City.
COOP—Cooperative.
Ct.D.—Court Decision.
CY—County.
D—Decedent.
DC—Dummy Corporation.
DE—Donee.
Del. Order—Delegation Order.
DISC—Domestic International Sales Corporation.
DR—Donor.
E—Estate.
EE—Employee.
E.O.—Executive Order.
ER—Employer.
ERISA—Employee Retirement Income Security
Act.
EX—Executor.
F—Fiduciary.
FC—Foreign Country.
FICA—Federal Insurance Contributions Act.
FISC—Foreign International Sales Company.
FPH—Foreign Personal Holding Company.
F.R.—Federal Register.
FUTA—Federal Unemployment Tax Act.
FX—Foreign Corporation.
G.C.M.—Chief Counsel’s Memorandum.
GE—Grantee.
GP—General Partner.
GR—Grantor.
IC—Insurance Company.
I.R.B.—Internal Revenue Bulletin.
LE—Lessee.
LP—Limited Partner.
LR—Lessor.
M—Minor.
Nonacq.—Nonacquiescence.
O—Organization.
P—Parent Corporation.
PHC—Personal Holding Company.
PO—Possession of the U.S.
PR—Partner.
PRS—Partnership.
PTE—Prohibited Transaction Exemption.
Pub. L.—Public Law.
REIT—Real Estate Investment Trust.
Rev. Proc.—Revenue Procedure.
Rev. Rul.—Revenue Ruling.
S—Subsidiary.
S.P.R.—Statements of Procedural Rules.
Stat.—Statutes at Large.
T—Target Corporation.
T.C.—Tax Court.
T.D.—Treasury Decision.
TFE—Transferee.
TFR—Transferor.
T.I.R.—Technical Information Release.
TP—Taxpayer.
TR—Trust.
TT—Trustee.
U.S.C.—United States Code.
X—Corporation.
Y—Corporation.
Z—Corporation.
Definition of Terms

2001–18 I.R.B.iiApril 30, 2001
Numerical Finding List
1
Bulletins 2001–1 through 2001–17
Announcements:
2001–1, 2001–2 I.R.B. 277
2001–2, 2001–2 I.R.B. 277
2001–3, 2001–2 I.R.B. 278
2001–4, 2001–2 I.R.B. 286
2001–5, 2001–2 I.R.B. 286
2001–6, 2001–3 I.R.B. 357
2001–7, 2001–3 I.R.B. 357
2001–8, 2001–3 I.R.B. 357
2001–9, 2001–3 I.R.B. 357
2001–10, 2001–4 I.R.B. 431
2001–11, 2001–4 I.R.B. 432
2001–12, 2001–6 I.R.B. 526
2001–13, 2001–96 I.R.B. 752
2001–14, 2001–7 I.R.B. 648
2001–15, 2001–8 I.R.B. 715
2001–16, 2001–8 I.R.B. 715
2001–17, 2001–8 I.R.B. 716
2001–18, 2001–10 I.R.B. 791
2001–19, 2001–10 I.R.B. 791
2001–20, 2001–8 I.R.B. 716
2001–21, 2001–9 I.R.B. 752
2001–22, 2001–11 I.R.B. 895
2001–23, 2001–10 I.R.B. 791
2001–24, 2001–10 I.R.B. 793
2001–25, 2001–11 I.R.B. 895
2001–26, 2001–11 I.R.B. 896
2001–27, 2001–11 I.R.B. 897
2001–28, 2001–13 I.R.B. 975
2001–29, 2001–14 I.R.B. 1014
2001–30, 2001–15 I.R.B. 1065
2001–31, 2001–17 I.R.B. 1113
2001–32, 2001–17 I.R.B. 1113
2001–33, 2001–17 I.R.B. 1137
2001–34, 2001–16 I.R.B. 1087
2001–35, 2001–16 I.R.B. 1087
2001–36, 2001–16 I.R.B. 1089
2001–37, 2001–16 I.R.B. 1090
2001–38, 2001–16 I.R.B. 1138
2001–39, 2001–17 I.R.B. 1141
2001–40, 2001–17 I.R.B. 1141
Notices:
2001–1, 2001–2 I.R.B. 261
2001–2, 2001–2 I.R.B. 265
2001–3, 2001–2 I.R.B. 267
2001–4, 2001–2 I.R.B. 267
2001–5, 2001–3 I.R.B. 327
2001–6, 2001–3 I.R.B. 327
2001–7, 2001–4 I.R.B. 374
2001–8, 2001–4 I.R.B. 374
2001–9, 2001–4 I.R.B. 375
2001–10, 2001–5 I.R.B. 459
2001–11, 2001–5 I.R.B. 464
2001–12, 2001–3 I.R.B. 328
2001–13, 2001–6 I.R.B. 514
2001–14, 2001–6 I.R.B. 516
2001–15, 2001–7 I.R.B. 589
2001–16, 2001–9 I.R.B. 730
2001–17, 2001–9 I.R.B. 730
2001–18, 2001–9 I.R.B. 731
2001–19, 2001–10 I.R.B. 784
2001–20, 2001–11 I.R.B. 818
2001–21, 2001–11 I.R.B. 818
2001–22, 2001–12 I.R.B. 911
2001–23, 2001–12 I.R.B. 911
Notices:—Continued
2001–24, 2001–12 I.R.B. 912
2001–25, 2001–13 I.R.B. 941
2001–26, 2001–13 I.R.B. 942
2001–27, 2001–13 I.R.B. 942
2001–28, 2001–13 I.R.B. 944
2001–29, 2001–14 I.R.B. 989
2001–30, 2001–14 I.R.B. 989
2001–31, 2001–17 I.R.B. 1093
Proposed Regulations:
LR–230–76, 2001–13 I.R.B. 945
REG–209461–79, 2001–8 I.R.B. 712
REG–246256–96, 2001–8 I.R.B. 713
REG–251701–96, 2001–4 I.R.B. 396
REG–101520–97, 2001–15 I.R.B. 1057
REG–106030–98, 2001–11 I.R.B. 820
REG–106446–98, 2001–13 I.R.B. 945
REG–106542–98, 2001–5 I.R.B. 473
REG–121928–98, 2001–6 I.R.B. 520
REG–109481–99, 2001–13 I.R.B. 961
REG–111835–99, 2001–11 I.R.B. 834
REG–114998–99, 2001–14 I.R.B. 992
REG–115560–99, 2001–14 I.R.B. 993
REG–101739–00, 2001–14 I.R.B. 996
REG–103320–00, 2001–8 I.R.B. 714
REG–104683–00, 2001–4 I.R.B. 407
REG–104876–00, 2001–14 I.R.B. 998
REG–105801–00, 2001–13 I.R.B. 965
REG–105946–00, 2001–16 I.R.B. 1069
REG–106513–00, 2001–16 I.R.B. 1076
REG–106702–00, 2001–4 I.R.B. 424
REG–106791–00, 2001–6 I.R.B. 521
REG–106892–00, 2001–15 I.R.B. 1060
REG–107047–00, 2001–14 I.R.B. 1002
REG–107101–00, 2001–16 I.R.B. 1083
REG–107175–00, 2001–13 I.R.B. 971
REG–107176–00, 2001–4 I.R.B. 428
REG–107186–00, 2001–13 I.R.B. 973
REG–107566–00, 2001–3 I.R.B. 346
REG–110374–00, 2001–12 I.R.B. 915
REG–110659–00, 2001–12 I.R.B. 917
REG–114082–00, 2001–7 I.R.B. 629
REG–114083–00, 2001–7 I.R.B. 630
REG–114084–00, 2001–7 I.R.B. 633
REG–116468–00, 2001–6 I.R.B. 522
REG–119352–00, 2001–6 I.R.B. 525
REG–121109–00, 2001–15 I.R.B. 1064
REG–125237–00, 2001–12 I.R.B. 919
REG–126100–00, 2001–11 I.R.B. 862
REG–129608–00, 2001–14 I.R.B. 1011
REG–130477–00, 2001–11 I.R.B. 865
REG–130481–00, 2001–11 I.R.B. 865
Railroad Retirement Quarterly Rates:
2001–2, I.R.B. 258
2001–15, I.R.B. 1054
Revenue Procedures:
2001–1, 2001–1 I.R.B. 1
2001–2, 2001–1 I.R.B. 79
2001–3, 2001–1 I.R.B. 111
2001–4, 2001–1 I.R.B. 121
2001–5, 2001–1 I.R.B. 164
2001–6, 2001–1 I.R.B. 194
2001–7, 2001–1 I.R.B. 236
2001–8, 2001–1 I.R.B. 239
2001–9, 2001–3 I.R.B. 328
2001–10, 2001–2 I.R.B. 272
2001–11, 2001–2 I.R.B. 275
2001–12, 2001–3 I.R.B. 335
Revenue Procedures—Continued:
2001–13, 2001–3 I.R.B. 337
2001–14, 2001–3 I.R.B. 343
2001–15, 2001–5 I.R.B. 465
2001–16, 2001–4 I.R.B. 376
2001–17, 2001–7 I.R.B. 589
2001–18, 2001–8 I.R.B. 708
2001–19, 2001–9 I.R.B. 732
2001–20, 2001–9 I.R.B. 738
2001–21, 2001–9 I.R.B. 742
2001–22, 2001–9 I.R.B. 745
2001–23, 2001–10 I.R.B. 784
2001–24, 2001–10 I.R.B. 788
2001–25, 2001–12 I.R.B. 913
2001–26, 2001–17 I.R.B. 1093
Revenue Rulings:
2001–1, 2001–9 I.R.B. 726
2001–2, 2001–2 I.R.B. 255
2001–3, 2001–3 I.R.B. 319
2001–4, 2001–3 I.R.B. 295
2001–5, 2001–5 I.R.B. 451
2001–6, 2001–6 I.R.B. 491
2001–7, 2001–7 I.R.B. 541
2001–8, 2001–9 I.R.B. 726
2001–9, 2001–8 I.R.B. 652
2001–10, 2001–10 I.R.B. 755
2001–11, 2001–10 I.R.B. 780
2001–12, 2001–11 I.R.B. 811
2001–13, 2001–12 I.R.B. 898
2001–14, 2001–12 I.R.B. 898
2001–15, 2001–13 I.R.B. 922
2001–16, 2001–13 I.R.B. 936
2001–17, 2001–15 I.R.B. 1052
2001–18, 2001–17 I.R.B. 1092
Treasury Decisions:
8910, 2001–2 I.R.B. 258
8911, 2001–3 I.R.B. 321
8912, 2001–5 I.R.B. 452
8913, 2001–3 I.R.B. 300
8914, 2001–8 I.R.B. 653
8915, 2001–4 I.R.B. 359
8916, 2001–4 I.R.B. 360
8917, 2001–7 I.R.B. 538
8918, 2001–4 I.R.B. 372
8919, 2001–6 I.R.B. 505
8920, 2001–8 I.R.B. 654
8921, 2001–7 I.R.B. 532
8922, 2001–6 I.R.B. 508
8923, 2001–6 I.R.B. 485
8924, 2001–6 I.R.B. 489
8925, 2001–6 I.R.B. 496
8926, 2001–6 I.R.B. 492
8927, 2001–11 I.R.B. 807
8928, 2001–8 I.R.B. 685
8929, 2001–10 I.R.B. 756
8930, 2001–5 I.R.B. 433
8931, 2001–7 I.R.B. 542
8932, 2001–11 I.R.B. 813
8933, 2001–11 I.R.B. 794
8934, 2001–12 I.R.B. 904
8935, 2001–8 I.R.B. 702
8937, 2001–11 I.R.B. 806
8938, 2001–13 I.R.B. 929
8939, 2001–12 I.R.B. 899
8940, 2001–15 I.R.B. 1016
8941, 2001–14 I.R.B. 977
8942, 2001–13 I.R.B. 929
8943, 2001–15 I.R.B. 1054
8944, 2001–16 I.R.B. 1067
1
A cumulative list of all revenue rulings, revenue
procedures, Treasury decisions, etc., published in
Internal Revenue Bulletins 2000–27 through
2000–52 is in Internal Revenue Bulletin 2001–1,
dated January 2, 2001.

April 30, 2001iii2001–18 I.R.B.
Finding List of Current Actions on
Previously Published Items
1
Bulletins 2001–1 through 2001–17
Announcement:
98–99
Modified by
Ann. 2001–9, 2001–3 I.R.B. 357
99–79
Superseded by
Ann. 2001–3, 2001–2 I.R.B. 278
2000–78
Obsoleted by
T.D. 8933, 2001–11 I.R.B. 794
2000–97
Corrected by
Ann. 2001–7, 2001–3 I.R.B. 357
Cumulative Bulletin:
1998–2
Corrected by
Ann. 2001–5, 2001–2 I.R.B. 286
Notices:
94–3
Modified by
T.D. 8933, 2001–11 I.R.B. 794
98–39
Modified by
Notice 2001–9, 2001–4 I.R.B. 375
98–40
Modified by
Notice 2001–9, 2001–4 I.R.B. 375
99–53
Modified and superseded by
Notice 2001–7, 2001–4 I.R.B. 374
2000–21
Superseded by
Notice 2001–1, 2001–2 I.R.B. 261
2000–22
Modified and superseded by
Notice 2001–8, 2001–4 I.R.B. 374
2000–26
Modified by
Notice 2001–22, 2001–12 I.R.B. 911
2000–43
Extended by
Notice 2001–13, 2001–6 I.R.B. 514
Proposed Regulations:
EE–130–86
Partially withdrawn by
REG–209461–79, 2001–8 I.R.B. 712
REG–106030–98
Corrected by
Ann. 2001–30, 2001–15 I.R.B. 1065
REG–106542–98
Corrected by
Ann. 2001–24, 2001–13 I.R.B. 793
REG–116733–98
Withdrawn by
Ann. 2001–11, 2001–4 I.R.B. 432
Proposed Regulations—Continued:
REG–116048–99
Withdrawn by
Ann. 2001–27, 2001–11 I.R.B. 897
REG–106702–00
Corrected by
Ann. 2001–28, 2001–13 I.R.B. 975
Revenue Procedures:
83–87
Superseded by
Rev. Proc. 2001–15, 2001–5 I.R.B. 465
90–18
Amplified and superseded by
Rev. Proc. 2001–18, 2001–8 I.R.B. 708
92–19
Superseded by
Rev. Proc. 2001–15, 2001–5 I.R.B. 465
96–15
Modified by
Ann. 2001–22, 2001–11 I.R.B. 895
96–17
Modified by
Rev. Proc. 2001–9, 2001–3 I.R.B. 328
99–18
Modified and superseded by
Rev. Proc. 2001–21, 2001–9 I.R.B. 742
99–47
Superseded by
Rev. Proc. 2001–16, 2001–4 I.R.B. 376
99–49
Modified and amplified by
Notice 2001–23, 2001–12 I.R.B. 911
Rev. Proc. 2001–10, 2001–2 I.R.B. 272
Rev. Proc. 2001–23, 2001–10 I.R.B. 784
Rev. Proc. 2001–24, 2001–10 I.R.B. 788
Rev. Proc. 2001–25, 2001–12 I.R.B. 913
Rev. Rul. 2001–8, 2001–9 I.R.B. 762
2000–1
Superseded by
Rev. Proc. 2001–1, 2001–1 I.R.B. 1
2000–2
Superseded by
Rev. Proc. 2001–2, 2001–1 I.R.B. 79
2000–3
Superseded by
Rev. Proc. 2001–3, 2001–1 I.R.B. 111
2000–4
Superseded by
Rev. Proc. 2001–4, 2001–1 I.R.B. 121
2000–5
Superseded by
Rev. Proc. 2001–5, 2001–1 I.R.B. 164
2000–6
Superseded by
Rev. Proc. 2001–6, 2001–1 I.R.B. 194
2000–7
Superseded by
Rev. Proc. 2001–7, 2001–1 I.R.B. 236
2000–8
Superseded by
Rev. Proc. 2001–8, 2001–1 I.R.B. 239
Revenue Procedures—Continued:
2000–16
Modified and superseded by
Rev. Proc. 2001–17, 2001–7 I.R.B. 589
2000–22
Modified and superseded by
Rev. Proc. 2001–10, 2001–2 I.R.B. 272
2000–23
Superseded by
Rev. Proc. 2001–26, 2001–17 I.R.B. 1093
2001–3
Corrected by
Ann. 2001–25, 2001–11 I.R.B. 895
2001–13
Clarified by
Notice 2001–12, 2001–3 I.R.B. 328
Revenue Rulings:
64–328
Modified by
Notice 2001–10, 2001–5 I.R.B. 459
66–110
Modified by
Notice 2001–10, 2001–5 I.R.B. 459
85–30
Clarified by
Rev. Rul. 2001–8, 2001–9 I.R.B. 762
88–95
Clarified by
Rev. Rul. 2001–8, 2001–9 I.R.B. 762
92–19
Supplemented in part by
Rev. Rul. 2001–11, 2001–10 I.R.B. 780
2000–56
Corrected by
Ann. 2001–19, 2001–10 I.R.B. 791
2001–4
Modified by
Notice 2001–23, 2001–12 I.R.B. 911
Treasury Decisions:
7530
Removed by
T.D. 8938, 2001–13 I.R.B. 929
8757
Revised by
T.D. 8941, 2001–14 I.R.B. 977
8889
Corrected by
Ann. 2001–14, 2001–2 I.R.B. 286
8912
Corrected by
Ann. 2001–40, 2001–17 I.R.B. 1141
8913
Corrected by
Ann. 2001–26, 2001–11 I.R.B. 896
8931
Technically amended by
Ann. 2001–37, 2001–16 I.R.B. 1090
8933
Corrected by
Ann. 2001–31, 2001–17 I.R.B. 1113
1
A cumulative list of current actions on previously
published items in Internal Revenue Bulletins
2000–27 through 2000–52 is in Internal Revenue
Bulletin 2001–1, dated January 2, 2001.

INTERNAL REVENUE BULLETIN
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