Internal Revenue Bulletin 1998-47 (PDF rendition): IRS Revenue Rulings

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. 98–55, page 5.
1998 base period T-bill rate.The “base period T-bill rate” for
the period ending September 30, 1998, is published, as re-
quired by section 995(f) of the Code.
Rev. Rul. 98–56, page 5.
Earned income credit; disqualified income. Gain that is
treated as long-term capital gain under section 1231(a)(1) of
the Code is not disqualified income for purposes of the
earned income credit.
EMPLOYEE PLANS
Notice 98–56, page 9.
Weighted average interest rate update.The weighted
average interest rate for November 1998 and the resulting
permissible range of interest rates used to calculate current
liability for purposes of the full funding limitation of section
412(c)(7) of the Code are set forth.
EXEMPT ORGANIZATIONS
Announcement 98–103, page 12.
A list is given of organizations now classified as private foun-
dations.
ADMINISTRATIVE
Notice 98–57, page 9.
Identification of census tracts in District of Columbia
Enterprise Zone.This notice provides the identification of
those census tracts in the District of Columbia constituting
the District of Columbia Enterprise Zone for purposes of
section 1400 of the Code and the DC Zone for purposes of
section 1400B.
Announcement 98–104, page 13.
Rev. Proc. 98–35, 1998–21 I.R.B. 6, reprinted as Publica-
tion 1220, Specifications for Filing Forms 1098, 1099,
5498, and W–2G Magnetically or Electronically, is cor-
rected.
Internal Revenue
bbuulllleettiinn
Bulletin No. 1998–47
November 23, 1998
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 17.
Announcement Relating to Court Decisions begins on page 4.
IRB 1998-47 11/19/98 5:54 AM Page 1

The IRS Mission
Provide America’s taxpayers top quality service by help-
ing them understand and meet their tax responsibilities
and by applying the tax law with integrity and fairness to
all.
2
Statement of Principles
of Internal Revenue
Tax Administration
The function of the Internal Revenue Service is to adminis-
ter the Internal Revenue Code. Tax policy for raising revenue
is determined by Congress.
With this in mind, it is the duty of the Service to carry out that
policy by correctly applying the laws enacted by Congress;
to determine the reasonable meaning of various Code provi-
sions in light of the Congressional purpose in enacting them;
and to perform this work in a fair and impartial manner, with
neither a government nor a taxpayer point of view.
At the heart of administration is interpretation of the Code. It
is the responsibility of each person in the Service, charged
with the duty of interpreting the law, to try to find the true
meaning of the statutory provision and not to adopt a
strained construction in the belief that he or she is “protect-
ing the revenue.” The revenue is properly protected only
when we ascertain and apply the true meaning of the statute.
The Service also has the responsibility of applying and
administering the law in a reasonable, practical manner.
Issues should only be raised by examining officers when
they have merit, never arbitrarily or for trading purposes.
At the same time, the examining officer should never hesi-
tate to raise a meritorious issue. It is also important that
care be exercised not to raise an issue or to ask a court to
adopt a position inconsistent with an established Service
position.
Administration should be both reasonable and vigorous. It
should be conducted with as little delay as possible and
with great courtesy and considerateness. It should never
try to overreach, and should be reasonable within the
bounds of law and sound administration. It should, howev-
er, be vigorous in requiring compliance with law and it
should be relentless in its attack on unreal tax devices and
fraud.
IRB 1998-47 11/19/98 5:54 AM Page 2

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
general interest. It is published weekly and may be obtained
from the Superintendent of Documents on a subscription
basis. Bulletin contents of a permanent nature are consoli-
dated semiannually into Cumulative Bulletins, which are sold
on a single-copy basis.
It is the policy of the Service to publish in the Bulletin all sub-
stantive rulings necessary to promote a uniform application
of the tax laws, including all rulings that supersede, revoke,
modify, or amend any of those previously published in the
Bulletin. All published rulings apply retroactively unless other-
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
to taxpayers or technical advice to Service field offices,
identifying details and information of a confidential nature
are deleted to prevent unwarranted invasions of privacy and
to comply with statutory requirements.
Rulings and procedures reported in the Bulletin do not have
the force and effect of Treasury Department Regulations,
but they may be used as precedents. Unpublished rulings
will not be relied on, used, or cited as precedents by Service
personnel in the disposition of other cases. In applying pub-
lished rulings and procedures, the effect of subsequent leg-
islation, regulations, court decisions, rulings, and proce-
dures must be considered, and Service personnel and oth-
ers concerned are cautioned against reaching the same con-
clusions in other cases unless the facts and circumstances
are substantially the same.
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.
Part II.—Treaties and Tax Legislation.
This part is divided into two subparts as follows: Subpart A,
Tax Conventions, and Subpart B, Legislation and Related
Committee Reports.
Part III.—Administrative, Procedural, and Miscellaneous.
To the extent practicable, pertinent cross references to
these subjects are contained in the other Parts and Sub-
parts. Also included in this part are Bank Secrecy Act Admin-
istrative Rulings. Bank Secrecy Act Administrative Rulings
are issued by the Department of the Treasury’s Office of the
Assistant Secretary (Enforcement).
Part IV.—Items of General Interest.
With the exception of the Notice of Proposed Rulemaking
and the disbarment and suspension list included in this part,
none of these announcements are consolidated in the Cumu-
lative Bulletins.
The first Bulletin for each month includes a cumulative index
for the matters published during the preceding months.
These monthly indexes are cumulated on a semiannual basis
and are published in the first Bulletin of the succeeding semi-
annual period, respectively.
3
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.
IRB 1998-47 11/19/98 5:54 AM Page 3

November 23, 199841998–47 I.R.B.
It is the policy of the Internal Revenue
Service to announce at an early date
whether it will follow the holdings in cer-
tain cases. An Action on Decision is the
document making such an announcement.
An Action on Decision will be issued at
the discretion of the Service only on un-
appealed issues decided adverse to the
government. Generally, an Action on De-
cision is issued where its guidance would
be helpful to Service personnel working
with the same or similar issues. Unlike a
Treasury Regulation or a Revenue Ruling,
an Action on Decision is not an affirma-
tive statement of Service position. It is not
intended to serve as public guidance and
may not be cited as precedent.
Actions on Decisions shall be relied
upon within the Service only as conclu-
sions applying the law to the facts in the
particular case at the time the Action on
Decision was issued. Caution should be
exercised in extending the recommenda-
tion of the Action on Decision to similar
cases where the facts are different. More-
over, the recommendation in the Action
on Decision may be superseded by new
legislation, regulations, rulings, cases, or
Actions on Decisions.
Prior to 1991, the Service published ac-
quiescence or nonacquiescence only in
certain regular Tax Court opinions. The
Service has expanded its acquiescence
program to include other civil tax cases
where guidance is determined to be help-
ful. Accordingly, the Service now may ac-
quiesce or nonacquiesce in the holdings
of memorandum Tax Court opinions, as
well as those of the United States District
Courts, Claims Court, and Circuit Courts
of Appeal. Regardless of the court decid-
ing the case, the recommendation of any
Action on Decision will be published in
the Internal Revenue Bulletin.
The recommendation in every Action
on Decision will be summarized as acqui-
escence, acquiescence in result only, or
nonacquiescence. Both “acquiescence”
and “acquiescence in result only” mean
that the Service accepts the holding of the
court in a case and that the Service will
follow it in disposing of cases with the
same controlling facts. However, “acqui-
escence” indicates neither approval nor
disapproval of the reasons assigned by the
court for its conclusions; whereas, “acqui-
escence in result only” indicates disagree-
ment or concern with some or all of those
reasons. Nonacquiescence signifies that,
although no further review was sought,
the Service does not agree with the hold-
ing of the court and, generally, will not
follow the decision in disposing of cases
involving other taxpayers. In reference to
an opinion of a circuit court of appeals, a
nonacquiescence indicates that the Ser-
vice will not follow the holding on a na-
tionwide basis. However, the Service will
recognize the precedential impact of the
opinion on cases arising within the venue
of the deciding circuit.
The announcements published in the
weekly Internal Revenue Bulletins are
consolidated semiannually and annually.
The semiannual consolidation appears in
the first Bulletin for July and in the Cu-
mulative Bulletin for the first half of the
year, and the annual consolidation ap-
pears in the first Bulletin for the follow-
ing January and in the Cumulative Bul-
letin for the last half of the year.
The Commissioner does not ACQUI-
ESCE in the following decisions:
Clark D. and Janis L. Pulliam v.
Commissioner,
1
T.C. 1997–274
Fluor v. United States,
2
126 F.3d 1397 (Fed. Cir. 1997)
Announcement Relating to Court Decisions
1
Nonacquiescence relating to whether the distribution to a sole shareholder of the stock of a newly formed corporation qualified under section 355 of the Internal
Revenue Code.
2
Nonacquiescence relating to whether the taxpayer owes interest under section 6601(a) on the underpayment of its 1982 tax liability, notwithstanding that such under-
payment subsequently was eliminated by a carryback, under section 904(c), of excess foreign tax credits from its taxable year 1984.
IRB 1998-47 11/19/98 5:54 AM Page 4

Section 32.—Earned Income
26 CFR : 1.32–2: Earned income credit for taxable
years beginning after December 31, 1978.
(Also: § 1231. )
Earned income credit; disqualified
income.Gain that is treated as long-term
capital gain under section 1231(a)(1) of
the Code is not disqualified income for
purposes of the earned income credit.
Rev. Rul. 98–56
Section 32 of the Internal Revenue
Code allows an earned income credit to
eligible individuals whose income does
not exceed certain limits. Section 32(i)
denies the earned income credit to an oth-
erwise eligible individual if the individ-
ual’s “disqualified income” exceeds a
specified level for the taxable year for
which the credit is claimed. Disqualified
income is income specified in § 32(i)(2).
Gain that is treated as long-term capital
gain under § 1231(a)(1) is not disquali-
fied income for purposes of § 32(i).
DRAFTING INFORMATION
The principal author of this revenue
ruling is Christie J. Jacobs of the Office of
Assistant Chief Counsel (Income Tax and
Accounting). For further information re-
garding this revenue ruling contact Ms.
Jacobs on (202) 622-4930 (not a toll-free
call).
Section 995.—Taxation of DISC
Income to Shareholders
1998 base period T-bill rate.The
“base period T-bill rate” for the period
ending September 30, 1998, is published,
as required by section 995(f) of the Code.
Rev. Rul. 98–55
Section 995(f)(1) of the Internal Rev-
enue Code provides that a shareholder of a
DISC shall pay interest each taxable year
in an amount equal to the product of the
shareholder’s DISC-related deferred tax
liability for the year and the “base period
T-bill rate.” Under section 995(f)(4), the
base period T-bill rate is the annual rate of
interest determined by the Secretary to be
equivalent to the average investment yield
of United States Treasury bills with matu-
rities of 52 weeks which were auctioned
during the one-year period ending on Sep-
tember 30 of the calendar year ending
with (or of the most recent calendar year
ending before) the close of the taxable
year of the shareholder. The base period T-
bill rate for the period ending September
30, 1998, is 5.34 percent.
Pursuant to section 6622 of the Code,
interest must be compounded daily. The
table below provides factors for com-
pounding the base period T-bill rate daily
for any number of days in the share-
holder’s taxable year (including a 52-53
week accounting period) for the 1998
base period T-bill rate. To compute the
amount of the interest charge for the
shareholder’s taxable year, multiply the
amount of the shareholder’s DISC-related
deferred tax liability (as defined in section
995(f)(2)) for that year by the base period
T-bill rate factor corresponding to the
number of days in the shareholder’s tax-
able year for which the interest charge is
being computed. Generally, one would
use the factor for 365 days. One would
use a different factor only if the share-
holder’s taxable year for which the inter-
est charge being determined is a short tax-
able year, if the shareholder uses the
52-53 week taxable year, or if the share-
holder’s taxable year is a leap year.
For the base period T-bill rates for the
periods ending in prior years, see:Rev.
Rul. 86–132, 1986–2 C.B. 137; Rev. Rul.
87–129, 1987–2 C.B. 196; Rev. Rul. 88–
94, 1988–2 C.B. 301; Rev. Rul. 89–116,
1989–2 C.B. 197; Rev. Rul. 90–96, 1990–
2 C.B. 188; Rev. Rul. 91–59, 1991–2 C.B.
347; Rev. Rul. 92–98, 1992–2 C.B. 201;
Rev. Rul. 93–77, 1993–2 C.B. 253; Rev.
Rul. 94–68, 1994–2 C.B. 177; Rev. Rul.
95–77, 1995–2 C.B. 122; Rev. Rul. 96–
55, 1996–2 C.B. 57; and Rev. Rul. 97–49,
1997–48 I.R.B. 4.
DRAFTING INFORMATION
The principal author of this revenue
ruling is David Bergkuist of the Office of
the Associate Chief Counsel (Interna-
tional). For further information about this
revenue ruling, contact Mr. Bergkuist on
(202) 622-3850 (not a toll-free call.
1998 ANNUAL RATE, COMPOUNDED
DAILY
5.34 PERCENT
DAYSFACTOR
1.000146301
2.000292624
3.000438968
4.000585334
5.000731721
6.000878129
7.001024559
8.001171010
9.001317483
10.001463977
11.001610493
12.001757030
13.001903588
14.002050168
15.002196769
16.002343392
17.002490036
18.002636702
19.002783389
20.002930098
21.003076828
22.003223579
23.003370352
24.003517147
25.003663963
26.003810800
27.003957659
28.004104539
29.004251441
30.004398365
31.004545309
32.004692276
33.004839264
34.004986273
35.005133304
36.005280356
37.005427430
38.005574526
39.005721643
40.005868781
41.006015941
42.006163122
43.006310325
44.006457550
45.006604796
1998–47 I.R.B.5November 23, 1998
Part I. Rulings and Decisions Under the Internal Revenue Code of 1986
IRB 1998-47 11/19/98 5:54 AM Page 5

46.006752064
47.006899353
48.007046664
49.007193996
50.007341350
51.007488725
52.007636122
53.007783541
54.007930981
55.008078443
56.008225926
57.008373431
58.008520957
59.008668505
60.008816075
61.008963666
62.009111279
63.009258913
64.009406569
65.009554247
66.009701946
67.009849667
68.009997409
69.010145173
70.010292959
71.010440766
72.010588595
73.010736445
74.010884317
75.011032211
76.011180126
77.011328064
78.011476022
79.011624003
80.011772005
81.011920028
82.012068073
83.012216140
84.012364229
85.012512339
86.012660471
87.012808625
88.012956800
89.013104997
90.013253216
91.013401456
92.013549718
93.013698002
94.013846307
95.013994634
96.014142983
97.014291354
98.014439746
99.014588160
100.014736595
101.014885053
102.015033532
103.015182033
104.015330555
105.015479099
106.015627665
107.015776253
108.015924863
109.016073494
110.016222147
111.016370821
112.016519518
113.016668236
114.016816976
115.016965738
116.017114521
117.017263326
118.017412153
119.017561002
120.017709873
121.017858765
122.018007679
123.018156615
124.018305573
125.018454552
126.018603554
127.018752577
128.018901622
129.019050688
130.019199777
131.019348887
132.019498019
133.019647173
134.019796349
135.019945547
136.020094766
137.020244007
138.020393271
139.020542555
140.020691862
141.020841191
142.020990541
143.021139914
144.021289308
145.021438724
146.021588162
147.021737621
148.021887103
149.022036607
150.022186132
151.022335679
152.022485248
153.022634839
154.022784452
155.022934087
156.023083744
157.023233422
158.023383123
159.023532845
160.023682589
161.023832355
162.023982143
163.024131953
164.024281785
165.024431639
166.024581515
167.024731413
168.024881332
169.025031274
170.025181237
171.025331223
172.025481230
173.025631259
174.025781311
175.025931384
176.026081479
177.026231596
178.026381735
179.026531896
180.026682079
181.026832284
182.026982511
183.027132760
184.027283031
185.027433324
186.027583639
187.027733976
188.027884335
189.028034716
190.028185118
191.028335543
192.028485990
193.028636459
194.028786950
195.028937463
196.029087998
197.029238555
198.029389134
November 23, 199861998–47 I.R.B.
IRB 1998-47 11/19/98 5:54 AM Page 6

199.029539735
200.029690358
201.029841003
202.029991670
203.030142359
204.030293071
205.030443804
206.030594559
207.030745337
208.030896136
209.031046958
210.031197801
211.031348667
212.031499555
213.031650464
214.031801396
215.031952350
216.032103326
217.032254324
218.032405345
219.032556387
220.032707451
221.032858538
222.033009647
223.033160777
224.033311930
225.033463105
226.033614302
227.033765521
228.033916763
229.034068026
230.034219312
231.034370619
232.034521949
233.034673301
234.034824675
235.034976072
236.035127490
237.035278931
238.035430393
239.035581878
240.035733385
241.035884914
242.036036466
243.036188039
244.036339635
245.036491253
246.036642893
247.036794555
248.036946240
249.037097946
250.037249675
251.037401426
252.037553200
253.037704995
254.037856813
255.038008653
256.038160515
257.038312399
258.038464306
259.038616234
260.038768185
261.038920158
262.039072154
263.039224172
264.039376212
265.039528274
266.039680358
267.039832465
268.039984594
269.040136745
270.040288918
271.040441114
272.040593332
273.040745572
274.040897835
275.041050119
276.041202426
277.041354756
278.041507107
279.041659481
280.041811878
281.041964296
282.042116737
283.042269200
284.042421685
285.042574193
286.042726723
287.042879276
288.043031850
289.043184447
290.043337066
291.043489708
292.043642372
293.043795058
294.043947767
295.044100498
296.044253251
297.044406027
298.044558825
299.044711645
300.044864488
301.045017353
302.045170241
303.045323151
304.045476083
305.045629037
306.045782014
307.045935014
308.046088035
309.046241080
310.046394146
311.046547235
312.046700346
313.046853480
314.047006636
315.047159815
316.047313015
317.047466239
318.047619485
319.047772753
320.047926043
321.048079356
322.048232692
323.048386050
324.048539430
325.048692833
326.048846258
327.048999706
328.049153176
329.049306668
330.049460183
331.049613721
332.049767281
333.049920863
334.050074468
335.050228095
336.050381745
337.050535417
338.050689112
339.050842829
340.050996569
341.051150331
342.051304116
343.051457923
344.051611753
345.051765605
346.051919480
347.052073377
348.052227297
349.052381239
350.052535204
351.052689191
352.052843201
1998–47 I.R.B.7November 23, 1998
IRB 1998-47 11/19/98 5:54 AM Page 7

353.052997234
354.053151289
355.053305366
356.053459466
357.053613589
358.053767734
359.053921901
360.054076092
361.054230304
362.054384540
363.054538798
364.054693078
365.054847381
366.055001707
367.055156055
368.055310426
369.055464819
370.055619235
371.055773674
Section 1231.—Property Used
in a Trade or Business and
Involuntary Conversions
26 CFR 1.1231–1: Gains and losses from the sale
or exchange of certain property used in the trade or
business.
Is gain that is treated as long-term capital gain
under § 1231(a)(1) of the Code disqualified income
for purposes of the earned income credit. See Rev.
Rul. 98–56, page 5.
November 23, 199881998–47 I.R.B.
IRB 1998-47 11/19/98 5:54 AM Page 8

Weighted Average Interest Rate
Update
Notice 98–56
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 November
1998 is 5.01 percent.
The following rates were determined
for the plan years beginning in the month
shown below.
1998–47 I.R.B.9November 23, 1998
Part III. Administrative, Procedural, and Miscellaneous
90% to 106%90% to 110%
WeightedPermissiblePermissible
MonthYearAverageRangeRange
November19986.345.71 to 6.725.71 to 6.98
Drafting Information
The principal author of this notice is
Todd Newman of the Employee Plans Di-
vision. For further information regarding
this notice, call (202) 622-6076 between
2:30 and 3:30 p.m. Eastern time (not a
toll-free number). Mr. Newman’s number
is (202) 622-8458 (also not a toll-free
number).
D.C. Enterprise Zone / Census
Tracts
Notice 98–57
This notice identifies the census tracts
in the District of Columbia (D.C. census
tracts) constituting the District of Colum-
bia Enterprise Zone for purposes of §
1400 of the Internal Revenue Code and
the DC Zone for purposes of § 1400B.
Those sections were added to the Code by
the Taxpayer Relief Act of 1997, Pub. L.
No. 105–34, 111 Stat. 788 (1997), effec-
tive August 5, 1997. This notice contains
(1) tables that list the D.C. census tracts
constituting the District of Columbia En-
terprise Zone for purposes of § 1400 and
the DC Zone for purposes of § 1400B, (2)
a map of all of the D.C. census tracts, and
(3) a source for obtaining the location of
the boundary of each D.C. census tract.
BACKGROUND
Sections 1400 and 1400B designate
certain economically depressed census
tracts within the District of Columbia,
within which businesses are eligible for
special tax incentives.
Section 1400(a) provides that, except
as otherwise provided in subchapter W,
the District of Columbia Enterprise Zone
shall be treated as an empowerment zone
designated under subchapter U. The pro-
visions of subchapter U include the desig-
nation and treatment of empowerment
zones and enterprise communities. The
special tax incentives that are available in
the District of Columbia Enterprise Zone
by reason of § 1400 include (1) a 20-per-
cent wage credit for the first $15,000 of
certain qualified wages paid to D.C. resi-
dents who work in the District of Colum-
bia Enterprise Zone; (2) an additional
$20,000 of expensing under § 179 for cer-
tain qualified zone property; and (3) spe-
cial tax-exempt financing for certain zone
facilities.
Section 1400(b) provides that for pur-
poses of § 1400(a), the District of Colum-
bia Enterprise Zone means the area con-
sisting of (1) the D.C. census tracts that
are part of an enterprise community desig-
nated under subchapter U before the date
of enactment of subchapter W, and (2) all
other D.C. census tracts for which the
poverty rate is not less than 20 percent.
Section 1400B provides that gross in-
come does not include qualified capital
gain from the sale or exchange of any DC
Zone asset held for more than 5 years. In
general, a DC Zone asset means any DC
Zone business stock, partnership interest,
and business property. See § 1400B(b)(1).
Section 1400B(d) provides that for pur-
poses of applying § 1400B (and for pur-
poses of applying subchapter W and sub-
chapter U with respect to § 1400B), the
DC Zone shall be treated as including all
D.C. census tracts for which the poverty
rate is not less than 10 percent.
IDENTIFICATION OF D.C. CENSUS
TRACTS FOR PURPOSES OF
SECTIONS 1400 AND 1400B
Table 1 identifies the D.C. census tracts
that constitute the District of Columbia
Enterprise Zone for purposes of § 1400.
It lists all D.C. census tracts having a
poverty rate of not less than 20 percent,
which include the D.C. census tracts that
are part of an enterprise community des-
ignated under subchapter U before enact-
ment of subchapter W.
Table 2 identifies the D.C. census tracts
that constitute the DC Zone for purposes
of § 1400B. It lists all D.C. census tracts
having a poverty rate of not less than 10
percent.
The map provided identifies the ap-
proximate locations of all of the D.C. cen-
sus tracts and highlights those census
tracts listed in the tables. This map and
the information in the tables were devel-
oped by the U.S. Department of Housing
and Urban Development using data from
the 1990 Census.
Information on the boundaries of each
D.C. census tract may be obtained from:
Data Management Division
D.C. Office of Planning
Government of the District of Columbia
801 North Capitol Street, NE
Washington, DC 20002
Herbert Bixhorn, Director
(202) 442-7603 (not a toll-free call)
IRB 1998-47 11/19/98 5:54 AM Page 9

2.01
2.02
28.01
28.02
30.00
31.00
34.00
35.00
36.00
37.00
43.00
45.00
47.00
48.01
49.01
49.02
50.00
57.01
58.00
59.00
60.20
62.02
64.10
71.00
72.00
73.02
73.04
73.08
74.01
74.04
74.06
74.07
74.08
74.09
74.30
75.02
75.03
75.04
77.03
77.08
78.04
78.08
78.60
79.01
84.02
86.00
88.02
88.03
88.04
89.04
90.01
91.02
92.40
96.02
97.00
98.03
98.04
98.05
98.06
98.10
98.20
99.03
99.04
99.05
99.07
November 23, 1998101998–47 I.R.B.
TABLE 1. D.C. CENSUS TRACTS HAVING A POVERTY RATE OF NOT LESS THAN 20 PERCENT
2.01
2.02
3.10
7.20
20.01
21.01
22.02
23.02
25.02
27.01
27.02
28.01
28.02
29.00
30.00
31.00
32.00
33.01
33.02
34.00
35.00
36.00
37.00
38.00
39.00
42.02
43.00
45.00
46.00
47.00
48.01
48.02
49.01
49.02
50.00
51.00
52.10
52.20
53.01
54.01
55.01
55.02
56.00
57.01
58.00
59.00
60.20
62.02
64.10
68.01
68.02
69.00
71.00
72.00
73.02
73.04
73.08
74.01
74.04
74.06
74.07
74.08
74.09
74.30
75.02
75.03
75.04
76.01
76.03
76.04
76.05
77.03
77.07
77.08
77.09
78.03
78.04
78.07
78.08
78.09
78.60
79.01
79.03
80.01
80.02
83.02
84.02
85.10
86.00
87.01
87.02
88.02
88.03
88.04
89.03
89.04
90.01
90.02
91.02
91.10
92.03
92.10
92.40
93.02
95.01
96.02
96.03
97.00
98.03
98.04
98.05
98.06
98.07
98.08
98.09
98.10
98.20
99.03
99.04
99.05
99.06
99.07
TABLE 2. D.C. CENSUS TRACTS HAVING A POVERTY RATE OF NOT LESS THAN 10 PERCENT
DRAFTING INFORMATION
CONTACT
The principal author of this notice is
Winston H. Douglas of the Office of the
Assistant Chief Counsel (Passthroughs
and Special Industries). For further infor-
mation regarding this notice contact Mr.
Douglas on (202) 622-3110 (not a toll-
free call).
IRB 1998-47 11/19/98 5:54 AM Page 10

1998–47 I.R.B.11November 23, 1998
IRB 1998-47 11/19/98 5:55 AM Page 11

November 23, 1998121998–47 I.R.B.
Foundations Status of Certain
Organizations
Announcement 98–103
The following organizations have
failed to establish or have been unable to
maintain their status as public charities or
as operating foundations. Accordingly,
grantors and contributors may not, after
this date, rely on previous rulings or des-
ignations in the Cumulative List of Orga-
nizations (Publication 78), or on the pre-
sumption arising from the filing of notices
under section 508(b) of the Code. This
listing does notindicate that the organiza-
tions have lost their status as organiza-
tions described in section 501(c)(3), eligi-
ble to receive deductible contributions.
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:
Alternative Financing Program Inc., Fort
Lauderdale, FL
Alvin E. Gershen Apartments Inc.,
Pennington, NJ
Amador County Training Officers
Association, Jackson, CA
Amateur Baseball Development,
Riverside, CA
Ambassadors of Love International,
Junction City, KS
Amber Resource & Development Inc.,
Washington, DC
Amberwood Inc., Ojai, CA
Ambler Arts Festival at Temple
University, Spring House, PA
Ameinu Foundation of America Inc.,
New York, NY
American Foundation for Amelioration of
Attention Deficit Disorders &
Learning Disabilities, Ridgeton, MO
Amerasian Information Center Inc.,
Portland, OR
America for Children Inc., Lilburn, GA
America Part II Foundation, Washington,
DC
American Aids Association, New York,
NY
American Alliance for Better Schools
Foundation, Washington, DC
American Amateur Indexed Golf
Association, Stafford, TX
American Benevolent Association, Jay,
OK
American Bosnia Relief Association, St.
Louis, MO
American Business Consultants
Association, Ellisville, MO
American Capital Foundation for the
Homeless, Marina Del Rey, CA
American Charity Fund, Oak Brook, IL
American Childrens Theatre Academy
Inc., Denver, CO
American Christian Youth Inc.,
Collingswood, NJ
American City Manufacturing Company,
Baltimore, MD
American Community for Research and
Education Inc., New York, NY
American Council of the Blind of Idaho
Inc., Idaho Falls, ID
American Drug Free Promotions Group,
Kent, WA
American Education Institute, Bigfork,
MT
American Fiction Foundation, Costa
Mesa, CA
American Foundation for Brewing
History and Arts Inc., Ft. Mitchell, KY
American Foundation for Drug
Prevention Inc., Hurst, TX
American Friends of the Seminary of
Judaic Studies-Bet Midrash Inc., South
Orange, NJ
American Friends of Agudath Athava
Veahva, Brooklyn, NY
American Friends of Beit Orot Inc.,
Brooklyn, NY
American Friends of Kol Yehuda Inc.,
Deal, NJ
American Friends of the Lomonosov
Foundation, Houston, TX
American Friends of United Yishuv
Movement, Brooklyn, NY
American Friends of Yeshive Bais
Shlomo, Bel Harbor, NY
American Indian Educational and
Opportunity Fund Inc., Fort Worth,
TX
American Indian Health Clinic, St. Paul,
MN
American Indian Reliance Organization
Inc., Saint Petersburg, FL
American Indian Womens Resource
Center Inc., Denver, CO
American Islamic Community
Development Foundation, Washington,
DC
American Italian Heritage Foundation
Inc., Osprey, FL
American Legion Baseball Association
Inc., Mountain Home, AR
American Literacy Guild, Westchester, IL
American Master Chorale Inc., Madison,
WI
American Mobile Medical Assistance,
Cambridge, MA
American Museum for the Preservation
of Historic Aircraft, Long Island City,
NY
American Peace Watch Foundation
Moshe Mirsky, New York, NY
American Relief Service Inc., Goshen, IN
American Religious Movement for Youth
Inc., Benbrook, TX
American-Royal Thai Air Classics
Association and Foundation, Houston,
TX
American Society of Furniture Artists,
Houston, TX
American Society of Payroll
Management Foundation, New York,
NY
American Task Force for Bosnia Inc.,
Washington, DC
American Telemedicine Association,
Austin, TX
American Theatre of Harlem Inc., New
York, NY
American Victory Mariners Memorial
Museum Inc., Teaneck, NJ
American Youth Military Academy,
Johnston, RI
Americans for Legal Reform Inc.,
Noblesville, IN
Americans of Italian Heritage Inc.,
Flushing, NY
Americans Stopping Child Abuse,
Carlsbad, CA
Amidah Inc., Freeport, NY
Amigos International, Millersville, PA
Amurt-Stop Diabetes Inc., San Antonio,
TX
Anderson County We Are Our Brothers
Keeper Inc., Palestine, TX
Andover Recreational Development
Association, Andover, MN
Anew Beginning in Texas Inc., Humble,
TX
Angel Garden Inc., Kokiak, AK
Angel of Grace Foundation Inc.,
Memphis, TN
Angela Gaines Memorial Fund Inc.,
Parker, CO
Part IV. Items of General Interest
IRB 1998-47 11/19/98 5:55 AM Page 12

1998–47 I.R.B.13November 23, 1998
Angelina County Youth Football Inc.,
Lufkin, TX
Animal Lifeline Inc., Fort Lauderdale, FL
Animal Rescue & Adoption Services
Inc., Ft. Smith, AR
Animal Welfare League of Hilton Head
Island, Hilton Head Island, SC
Annalori Corp, Colorado Springs, CO
Annapolis Baseball Club, Annapolis, MD
Anti Vehicle Crime Association of
Wisconsin Inc., Stevens Point, WI
Antioch Christian Ministries Inc.,
Glendale, AZ
Apologetics for Faith Integrating Reason
Ministries, Irvine, CA
Appalachia Rescue Squad Inc.,
Appalachia, VA
Applied Rehabilitation Ministries Inc.,
Phoenix, AZ
Applied Research Institute for Social
Equality Inc., Wayne, NJ
Aqua-Sports Boating Education,
Bellevue, WA
Aragon Affordable Housing Inc., Irvine,
CA
Arcade Pregnancy Services Inc.,
Yorkshire, NY
Archangel Project Inc., South Darmouth,
MA
Archimedes Group Inc., New Haven, CT
Arizona Aids Services of the Deaf Inc.,
Phoenix, AZ
Arizona Baseball Inc., Scottsdale, AZ
Arizona Family Member Services
Foundation, Scottsdale, AZ
Arizona Foundation for Agricultural
Education Inc., Phoenix, AZ
Arizona Patenet Law Association,
Phoenix, AZ
Arizona Quail Preservation Society,
Phoenix, AZ
Arizona Realtors Affordable Housing
Foundation Inc., Phoenix, AZ
Arizona State Horsemens Foundation
Inc., Phoenix, AZ
Arizona Waste Exchange Inc., Tucson,
AZ
Arkansas Crime Prevention Association,
Little Rock, AR
Arkansas Cultural Complex Study Inc.,
Little Rock, AR
Arkansas Economic Corporation,
Brinkley, AR
Armstrong-Stafford Community Council
Inc., Seagoville, TX
Art Association of Madison County Inc.,
Anderson, IN
Art Factory Inc., Miami Springs, FL
Art Trails Inc., Accord, NY
Artists Relating Together & Exhibiting
Inc., Dallas, TX
Arts & Education Foundation of Alabama
Inc., Birmingham, AL
Arts Council of Gibson County Inc.,
Princeton, IN
Arts New Mexico Inc., Santa Fe, NM
Arts over AIDS, St. Paul, MN
Artserv Incorporated, Dallas, TX
Ascorap Mission, Houston, TX
Ashland Area Girls Fastpitch Promotions
Inc., Ashland, OH
ASI-Austin Texas Inc., St. Paul, MN
Asia Evangelical Ministries, Des Plaines,
IL
Asia Pacific Policy Center Inc., NW,
Washington, DC
Asian Americans of Connecticut Inc., W.
Hartford, CT
Asian Missions Inc., Vancouver, WA
Asian Pacific Womens Center Inc., Los
Angeles, CA
Asociacion Dominicana de la Florida
Central Inc., Orlando, FL
Asociacion Esperanza y Caridad Inc.,
Miami, FL
Assistance Association of Former
Vietnamese Prisoners of War, Houston,
TX
Assistive Technologies Group, Dayton,
OH
Assistive Technology Users Group Inc.,
Louisville, KY
Association of Directors of Geriatric
Academic Programs Inc., Cleveland,
OH
Association of Professionals in Risk-
Related Disciplines, Seattle, WA
Associated Resource Management
Services, Norwich, CT
Association for Surgical Education
Foundation, Springfield, IL
Association for the Honorable Order of
Tennessee Colonels Inc., Jackson, TN
Association of Black Secretaries,
Oakland, CA
Asthma Network of Plano, Plano, TX
Astoria Community Service Inc., Astoria,
NY
Atascadero Recreation Center Committee
Inc., Atascadero, CA
Atchison Area Crime Stoppers Inc.,
Atchison, KS
Athletic International Inc., Dallas, TX
Atlanta Braves Foundation Inc., Atlanta,
GA
Atlanta Chapter of Health Physics
Society Inc., Doraville, GA
Atlanta Clergy and Laity Concerned Inc.,
Atlanta, GA
Atlanta Home Missions Inc., Austell, GA
Atlanta Housing Association of
Neighborhood-Based Developers,
Atlanta, GA
Atlanta Lesbian and Gay History Inc.,
Atlanta, GA
Atlanta Takedown Association Inc.,
Atlanta, GA
Atlanta Youth Chorale, Atlanta, GA
Attendant Services of Houston, Bellaire,
TX
Auburn Memorial Companies Inc.,
Auburn, NY
Auburn-Opelika Sports Corporation,
Auburn, AL
Audubon Area First Responders,
Audubon, MN
Augusta County Fair, Verona, VA
Aurora Recreation Center, Aurora, IL
Austin Labor Force Intermediary,
Chicago, IL
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.
Announcement 98–104
This announcement corrects several er-
rors made in Rev. Proc. 98–35, 1998–21
I.R.B. 6, reprinted as Publication 1220,
which describes the specifications for fil-
ing Forms 1098, 1099, 5498, and W–2G
Magnetically or Electronically.
A. The IRA/SEP/SIMPLE Indicator for
Form 1099–R found in Field Position 548
of the Payee “B” Record may be used in
certain cases with Distribution Codes G
and H (which are reported in Field Posi-
tions 545 or 546). Distribution Code G
may be used with the IRA/SEP/SIMPLE
Indicator for Tax Year 1998 when contri-
butions to a First IRA are recharacterized
IRB 1998-47 11/19/98 5:55 AM Page 13

November 23, 1998141998–47 I.R.B.
Table 1. Partricipating States and Their Codes
StateCodeStateCodeStateCode
Alabama01Indiana18Montana30
Arizona04Iowa19New Jersey34
Arkansas05Kansas20New Mexico35
California06Maine23North Dakota38
Delaware10Massachusetts25Oregon41
District of Columbia11Minnesota27South Carolina45
Georgia13Mississippi28Tennessee47
Hawaii15Missouri29Wisconsin55
Idaho16
as contributions to a Second IRA. Distrib-
ution Code H may be used when a distrib-
ution from a conduit IRA is payable to the
trustee or is transferred to an employer
plan. To incorporate this information, the
following changes should be made to
Publication 1220: (1) In Part A, Section
19, Items 13 and 14 should be deleted.
(2) In Part B, Section 10(14), Field Posi-
tions 545-546, the item reading, “**
Distribution Codes G and H cannot be
used in combination with the IRA/SEP
/SIMPLE Indicator in Field Position
548,” should be deleted. (3) Part B, Sec-
tion 10(14), Field Position 548, should
read, “Enter “1” if the IRA/SEP/SIM-
PLE Indicator applies. . .”. The bold
statement should read, “Do not use the
indicator for an Education IRA”. The
words “Roth IRA or” should be
deleted.
B. Announcement 98–72, 1998–31
I.R.B. 14, was released erroneously by
IRS/Martinsburg Computing Center re-
garding the Form 5498 and Form
5498–MSA due dates, which in turn im-
pacted the information contained in Publi-
cation 1220. However, this information
may appear correctly in some versions of
this publication, specifically those down-
loaded from various bulletin boards and
web sites. To clarify this misstatement
and any other misinformation that may be
circulating, that may be circulating, the
due dates for Form 5498 and Form
5498–MSA should read as follows:
Participant Copy – June 1, 1999*
IRS Copy – June 1, 1999*
*This is due to the actual due date falling
on the Memorial Day Holiday (May 31,
1999).
C. In Part A, Section 13, a portion of
the Guidelines for Filing Corrected Re-
turns Magnetically/Electronically was left
out. Under Error Made on the Original
Return #2, step F for filing the corrected
return should read, “Corrected returns
submitted to IRS/MCC using “G” coded
“B” Records may be on the samefile as
those returns submitted without the “G”
code; however, separate “A” Records are
required.”
D. In Part A, Section 16, Combined
Federal State Filing Program, the state of
Minnesota and the corresponding code of
27 were dropped from the program in
error. Table 1. Participating States and
Their Codes, and Table 2. Dollar Criteria
For State Reporting should include the
following information:
IRB 1998-47 11/19/98 5:55 AM Page 14

1998–47 I.R.B.15November 23, 1998
The preceding list is for information
purposes only. The state filing require-
ments are subject to change by the states.
For complete information on state filing
requirements, contact the appropriate
state tax agencies.
Filing requirements for states in Table
1 not shown in Table 2 are the same as the
federal requirement.
NR = No filing requirement.
Footnotes:
a. All amounts are to be reported.
b. Amounts are for aggregates of several
types of income from the same payer.
c. Missouri would prefer those returns
filed with respect to non-Missouri resi-
dents to be sent directly to its state agency.
E. Part B, Section 4.08(b) incorrectly
states the acceptable sizes of Quarter Inch
Cartridges(QIC). Quarter Inch Car-
tridges with a size of QIC–11 or
QIC–1350 are not acceptable.
F. Part B, Section 5.01(b)(2), incor-
rectly stated the save command for 5
1
⁄
4
”
diskettes recorded using EBCDIC on an
AS400 system. The correct statement
should read, “The save command for
AS400 is SAVS36F.”
G. In Part B, Section 6, Field Positions
296–303 of the Transmitter “T” Record,
listing the Total Number of Payees, is
identified as a required field. IRS/MCC
encourages filers to complete the infor-
mation as requested; however, filers are
not required to report this information for
Tax Year 1998. The location of the Total
Number of Payees field will be revisited
for Tax Year 1999 filing.
H. In Part B, Section 8, information in
Field Positions 28–39 of the Payer “A”
Record, describing Amount Code 1 for
the Form 5498, was listed incorrectly. The
correct information is as follows:
Amount CodeAmount Type
1IRA contributions (other
than amounts in Amount
Codes 2, 3, 7, 8, 9 and
A)
Table 2. Dollar Criteria for State Reporting
State1099–DIV1099–G1099–INT1099–MISC1099–OID1099–PATR1099–R5498
Alabama$1500$ NR$1500$1500$1500$1500$1500NR
Arkansas10025001002500250025002500
a
District of
Columbia
b
600600600600600600600NR
Hawaii10
a
106001010600
a
IdahoNRNRNR600NRNR
aa
Iowa101010600101010
a
Minnesota1010106001010600
a
Mississippi600600600600600600600NR
MissouriNRNRNR1200
c
NRNRNRNR
Montana1010106001010600
a
New Jersey1000100010001000100010001000NR
Tennessee100NR100NRNRNRNRNR
WisconsinNRNRNR600NRNR600NR
IRB 1998-47 11/19/98 5:55 AM Page 15

November 23, 1998161998–47 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 describe 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 Contribution 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 Procedral 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
IRB 1998-47 11/19/98 5:55 AM Page 16

1998–47 I.R.B.17November 23, 1998
Numerical Finding List
1
Bulletins 1998–29 through 46
Announcements:
98–62, 1998–29 I.R.B. 13
98–68, 1998–29 I.R.B. 14
98–69, 1998–30 I.R.B. 16
98–70, 1998–30 I.R.B. 17
98–71, 1998–30 I.R.B. 17
98–72, 1998–31 I.R.B.14
98–73, 1998–31 I.R.B.14
98–74, 1998–31 I.R.B.15
98–75, 1998–31 I.R.B.15
98–76, 1998–32 I.R.B.64
98–77, 1998–34 I.R.B.30
98–78, 1998–34 I.R.B.30
98–79, 1998–34 I.R.B.31
98–80, 1998–34 I.R.B.32
98–81, 1998–36 I.R.B.35
98–82, 1998–35 I.R.B. 17
98–83, 1998–36 I.R.B. 36
98–84, 1998–38 I.R.B.30
98–85, 1998–38 I.R.B.30
98–86, 1998–38 I.R.B.31
98–87, 1998–40 I.R.B.11
98–88, 1998–41 I.R.B. 14
98–89, 1998–40 I.R.B.11
98–90, 1998–42 I.R.B.22
98–91, 1998–40 I.R.B.12
98–92, 1998–41 I.R.B.15
98–93, 1998–43 I.R.B.10
98–94, 1998–43 I.R.B.32
98–95, 1998–44 I.R.B.13
98–96, 1998–44 I.R.B.18
98–97, 1998–44 I.R.B.18
98–98, 1998–44 I.R.B.18
98–99, 1998–46 I.R.B.34
98–100, 1998–46 I.R.B.42
98–101, 1998–45 I.R.B.27
98–102, 1998–45 I.R.B.28
Court Decisions:
2063, 1998–36 I.R.B. 13
2064, 1998–37 I.R.B. 4
2065, 1998–39 I.R.B.7
Notices:
98–36, 1998–29 I.R.B. 8
98–37, 1998–30 I.R.B.13
98–38, 1998–34 I.R.B.7
98–39, 1998–33 I.R.B.11
98–40, 1998–35 I.R.B. 7
98–41, 1998–33 I.R.B.12
98–42, 1998–33 I.R.B.12
98–43, 1998–33 I.R.B.13
98–44, 1998–34 I.R.B.7
98–45, 1998–35 I.R.B.7
98–46, 1998–36 I.R.B. 21
98–47, 1998–37 I.R.B. 8
98–48, 1998–39 I.R.B.17
98–49, 1998–38 I.R.B.5
98–50, 1998–44 I.R.B.10
98–51, 1998–44 I.R.B. 11
98–52, 1998–46 I.R.B. 16
98–53, 1998–46 I.R.B. 24
98–54, 1998–46 I.R.B. 25
98–55, 1998–46 I.R.B. 26
Railroad Retirement Quarterly Rate:
1998–31 I.R.B. 7
Proposed Regulations:
REG–209446–82, 1998–36 I.R.B. 24
REG–209060–86, 1998–39 I.R.B. 18
REG–209769–95, 1998–41 I.R.B.8
REG–209813–96, 1998–35 I.R.B. 9
REG–246256–96, 1998–34 I.R.B.9
REG–104641–97, 1998–29 I.R.B. 9
REG–104565–97, 1998–39 I.R.B.21
REG–106177–97, 1998–37 I.R.B.33
REG–109708–97, 1998–45 I.R.B.29
REG–115446–97, 1998–36 I.R.B. 23
REG–116608–97, 1998–29 I.R.B. 12
REG–118926–97, 1998–39 I.R.B.23
REG–118966–97, 1998–39 I.R.B.29
REG–119227–97, 1998–30 I.R.B. 13
REG–122488–97, 1998–42 I.R.B. 19
REG–101363–98, 1998–40 I.R.B.10
REG–106221–98, 1998–41 I.R.B.10
REG–110332–98, 1998–33 I.R.B.18
REG–110403–98, 1998–29 I.R.B.11
REG–115393–98, 1998–39 I.R.B.34
Revenue Procedures:
98–40, 1998–32 I.R.B. 6
98–41, 1998–32 I.R.B. 7
98–42, 1998–28 I.R.B. 9
98–43, 1998–29 I.R.B. 8
98–44, 1998–32 I.R.B. 11
98–45, 1998–34 I.R.B.8
98–46, 1998–36 I.R.B. 21
98–47, 1998–37 I.R.B. 8
98–48, 1998–38 I.R.B.7
98–49, 1998–37 I.R.B. 9
98–50, 1998–38 I.R.B.8
98–51, 1998–38 I.R.B.20
98–52, 1998–37 I.R.B. 12
98–53, 1998–40 I.R.B.9
98–54, 1998–43 I.R.B.7
98–55, 1998–46 I.R.B.27
98–56, 1998–46 I.R.B.33
Revenue Rulings:
98–34, 1998–31 I.R.B. 12
98–35, 1998–30 I.R.B. 4
98–36, 1998–31 I.R.B.6
98–37, 1998–32 I.R.B.5
98–38, 1998–32 I.R.B.4
98–39, 1998–33 I.R.B.4
98–40, 1998–33 I.R.B.4
98–41, 1998–35 I.R.B.6
98–42, 1998–35 I.R.B. 5
98–43, 1998–36 I.R.B. 9
98–44, 1998–37 I.R.B.4
98–45, 1998–38 I.R.B.4
98–46, 1998–39 I.R.B. 10
98–47, 1998–39 I.R.B. 4
98–48, 1998–39 I.R.B. 6
98–49, 1998–40 I.R.B.4
98–50, 1998–40 I.R.B.7
98–51, 1998–43 I.R.B.4
98–52, 1998–45 I.R.B.4
98–53, 1998–46 I.R.B.12
98–54, 1998–46 I.R.B.14
Tax Conventions:
1998–43 I.R.B. 6
Treasury Decisions:
8771, 1998–29 I.R.B. 6
8772, 1998–31 I.R.B. 8
8773, 1998–29 I.R.B. 4
8774, 1998–30 I.R.B. 5
8775, 1998–31 I.R.B.4
8776, 1998–33 I.R.B.6
8777, 1998–34 I.R.B.4
8778, 1998–36 I.R.B. 4
8779, 1998–36 I.R.B. 11
8780, 1998–39 I.R.B.14
8781, 1998–40 I.R.B. 4
8782, 1998–41 I.R.B.5
8783, 1998–41 I.R.B.4
8784, 1998–42 I.R.B.4
8785, 1998–42 I.R.B.5
8786, 1998–44 I.R.B. 4
8787, 1998–46 I.R.B. 5
8788, 1998–45 I.R.B.6
1
A cumulative list of all revenue rulings, revenue
procedures, Treasury decisions, etc., published in
Internal Revenue Bulletins 1998–1 through 1998–28
will be found in Internal Revenue Bulletin 1998–29,
dated July 20, 1998.
IRB 1998-47 11/19/98 5:55 AM Page 17

November 23, 1998181998–47 I.R.B.
Finding List of Current Action on
Previously Published Items
1
Bulletins 1998–29 through 46
*Denotes entry since last publication
Notices:
87–13
Modified by
98–49, 1998–38 I.R.B. 5
87–16
Modified by
98–49, 1998–38 I.R.B. 5
Revenue Procedures:
83–58
Obsoleted by
98–37, 1998–32 I.R.B. 5
88–17
Clarified, modified, and superseded by
98–54, 1998–43 I.R.B. 7
94–23
Amplified and superseded by
98–55, 1998–46 I.R.B. 27
97–40
Amplified and superseded by
98–55, 1998–46 I.R.B. 27
97–60
Superseded by
98–50, 1998–38 I.R.B. 8
97–61
Superseded by
98–51, 1998–38 I.R.B. 20
98–14
Modified by
98–53, 1998–40 I.R.B. 9
Revenue Rulings:
57–271
Obsoleted by
98–37, 1998–32 I.R.B. 5
67–301
Modified by
98–41, 1998–35 I.R.B. 6
70–225
Obsoleted by
98–44, 1998–37 I.R.B. 4
71–277
Obsoleted by
98–37, 1998–32 I.R.B. 5
71–434
Obsoleted by
98–37, 1998–32 I.R.B. 5
71–574
Obsoleted by
98–37, 1998–32 I.R.B. 5
72–75
Obsoleted by
98–37, 1998–32 I.R.B. 5
72–120
Obsoleted by
98–37, 1998–32 I.R.B. 5
Revenue Rulings—Continued
72–121
Obsoleted by
98–37, 1998–32 I.R.B. 5
72–122
Obsoleted by
98–37, 1998–32 I.R.B. 5
74–77
Obsoleted by
98–37, 1998–32 I.R.B. 5
75–19
Obsoleted by
98–37, 1998–32 I.R.B. 5
76–562
Obsoleted by
98–37, 1998–32 I.R.B. 5
77–214
Obsoleted by
98–37, 1998–32 I.R.B. 5
79–106
Obsoleted by
98–37, 1998–32 I.R.B. 5
83–113
Obsoleted by
98–37, 1998–32 I.R.B. 5
85–143
Obsoleted by
98–37, 1998–32 I.R.B. 5
88–8
Obsoleted by
98–37, 1998–32 I.R.B. 5
88–76
Obsoleted by
98–37, 1998–32 I.R.B. 5
88–79
Obsoleted by
98–37, 1998–32 I.R.B. 5
93–4
Obsoleted by
98–37, 1998–32 I.R.B. 5
93–5
Obsoleted by
98–37, 1998–32 I.R.B. 5
93–6
Obsoleted by
98–37, 1998–32 I.R.B. 5
93–30
Obsoleted by
98–37, 1998–32 I.R.B. 5
93–38
Obsoleted by
98–37, 1998–32 I.R.B. 5
93–49
Obsoleted by
98–37, 1998–32 I.R.B. 5
93–50
Obsoleted by
98–37, 1998–32 I.R.B. 5
93–53
Obsoleted by
98–37, 1998–32 I.R.B. 5
Revenue Rulings—Continued
93–81
Obsoleted by
98–37, 1998–32 I.R.B. 5
3–91
Obsoleted by
98–37, 1998–32 I.R.B. 5
93–92
Obsoleted by
98–37, 1998–32 I.R.B. 5
93–93
Obsoleted by
98–37, 1998–32 I.R.B. 5
94–5
Obsoleted by
98–37, 1998–32 I.R.B. 5
94–6
Obsoleted by
98–37, 1998–32 I.R.B. 5
94–30
Obsoleted by
98–37, 1998–32 I.R.B. 5
94–51
Obsoleted by
98–37, 1998–32 I.R.B. 5
94–79
Obsoleted by
98–37, 1998–32 I.R.B. 5
95–2
Obsoleted by
98–37, 1998–32 I.R.B. 5
95–9
Obsoleted by
98–37, 1998–32 I.R.B. 5
97–37
Obsoleted by
98–39, 1998–33 I.R.B. 4
1
A cumulative finding list for previously published
items mentioned in Internal Revenue Bulletins
1998–1 through 1998–28 will be found in Internal
Revenue Bulletin 1998–29, dated July 20, 1998.
IRB 1998-47 11/19/98 5:55 AM Page 18

IRB 1998-47 11/19/98 5:55 AM Page 19

INTERNAL REVENUE BULLETIN
The Introduction on page 3 describes the purpose and content of this publication. The weekly Internal Revenue Bulletin is sold
on a yearly subscription basis by the Superintendent of Documents. Current subscribers are notified by the Superintendent of
Documents when their subscriptions must be renewed.
CUMULATIVE BULLETINS
The contents of this weekly Bulletin are consolidated semiannually into a permanent, indexed, Cumulative Bulletin. These are
sold on a single copy basis and are not included as part of the subscription to the Internal Revenue Bulletin. Subscribers to the week-
ly Bulletin are notified when copies of the Cumulative Bulletin are available. Certain issues of Cumulative Bulletins are out of print
and are not available. Persons desiring available Cumulative Bulletins, which are listed on the reverse, may purchase them from the
Superintendent of Documents.
HOW TO ORDER
Check the publications and/or subscription(s) desired on the reverse, complete the order blank, enclose the proper remittance,
detach entire page, and mail to the Superintendent of Documents, U.S. Government Printing Office, Washington, DC 20402. Please
allow two to six weeks, plus mailing time, for delivery.
WE WELCOME COMMENTS ABOUT THE
INTERNAL REVENUE BULLETIN
If you have comments concerning the format or production of the Internal Revenue Bulletin or suggestions for improving it, we
would be pleased to hear from you. You can e-mail us your suggestions or comments through the IRS Internet Home Page
(www.irs.ustreas.gov) or write to the IRS Bulletin Unit, T:FP:F:CD, Room 5560, 1111 Constitution Avenue NW, Washington, DC
20224. You can also leave a recorded message 24 hours a day, 7 days a week at 1–800–829–9043.
IRB 1998-47 11/19/98 5:55 AM Page 20