Temporary Regulation

--

m a k t Lb+ i
d
-

S. I-,

L o a ~ ~ h t b t d t d r t m p
hthmtb#ItyfwMShlph6nb
Bw. l y d r &odd W T a d ) - .

-

I-

-wJmmwdeartrh
-VrdlIh.fu-mol

nw

t* Ibcnrncpye,k t h e m
1tht be*
for I Sh3 A d d
md urrt lath above.
& b th* wmt d u m a ta f ShyaH~),
b tb.mlh b.
"crrlrio" should mad

*".4 Oa the urn. page. in rht table. in

IbrlhirddlrmaiErbecaqfwAa
rctioa~tl,inthiovrthknaU-&
rr &odd m d 11*w-1chpy~c3mInthetrbdc.iuthc
third d u m a in tbc h a t Line. in& 7"
rAlr "ogdutioar". rod ia the 1arlin tbt -9 forcKtion
lata@)It]. i a tbr wcoad lip&
'P.npph ImH2Hviii)" Id read
"PUSPP~ (~M21(~)".

~Oa~%zaimrbrmondcolumn.

IP IW r H l n i ) .ln tbo 1Rb be.
1 W C ) " rbould n d Isaz(c1".

7.011py~la!brhirdco1~
h 6 ml)(l).
in the aintb lint mbwt

IIJ(Z1. -o*r
"4 Wfl(l
I".
r ~ ~ ~ b ~ ~ I , h b f
~LthC~DdtLIC.rrm~t

-pb

DLPmwOiwETRLLLSOITr
htdm~Slrv(cr

#CFRPutSh

1w 1".

r inS.

1-

i.1 5 ~ j ( 3 ) .

in t
h third b e , I#24rNrJ" &odd mad
1 a t W- 1 1 "- , rad 4 thniatb b d the
w p b khrttn 'bun
mad
7 -

rraB I N 1
mTr*;ma+etknUI#.r
(IwfuA.tormAUdtW
W o n
b&daumtot~-2ZJBbadabirym

pyr~iatheiuueofThlmdry,

~ ~ i m u t m ~ o n a r f t r r
-okr=--or~~mprctt,Lht
m d d r fin4 W b b yau:
1aTPtheummL~m
4#sCb)(4MtEiaththmlh In"

---

w m d ' r .

h pubhhd, tmasury miom rrU
thm t y p g m p h i d amrrr rad
oat e m ofomisliam within hbt table
m d t r -latioar
5b.S. 'hl h e
typographical
faU tm& rbt
k.&q
"ArrhMlity of M n " m
prgr3625.Thehllmo~ippunin
printedhtaatbt~coudmoria
pnnttdliat~madtbeihxrdrrrorin
priated lint 43.
The rrmr of oaJlsian oc~lrrwd+r
hheading ' W o n of Act" m pap
and appeur m printed b e a
Tbm .dditiaaJ t-ypgmphicPI cnm
rppcar in tbt follow~ngl o u k : Rg
w.third Eohrmo. fvjt pmn(grph, l
h
amtaiar

10:pagt362;1.rtidcolumnt~

-.

-

pmgmph. lint om and pa.coond d u m h fwrth p m p p k . lipc
me.

FonprpL L In Ibe 1mb1t. aa page

w.under Ibr h+udlng "Avilmbility d

2sCFRPmYI

Utctiaa-, p&id l~nea Ibr oppcr-

Ira. r t t r l n
m
a
n
i Utctlom U n d u m
mT u
Rdorm A d of 1946; Cwfwtlom

a

ir addid in 11sp l r r ~ .

m Inrtrnut Rebenut %win.

hr.Llnhtrbk.o~p.g36P

d u the beading "AvaihWty d
W o n " . @nlcd line 39. tbt mi$-

Trearury.
h-rr:

Comctruns ro lemprmry

-rtgulat ions.
w-r:

This document contains

comtdrws to Treasury Dctirm a24
which was publiched in the F&rd
R e s t e r for Thursday. February 5 . 1 W
(52 FR a).
T D 8121 iu& t c m p o t . ~
mgulations r t l a t t q to tbe timt m d
mannrr of meUn ccnlin dcctiom
under 5 s Tar ~&r.
Act d 1
w The
rules lriso ?mvldr?f guidance to pmoru
malunp t h r ~ eltctions.
t
H ) R m m M € n w O R Y * m a m ~

toel S. Rutrlein. ZW-WHZC (nol
free number)+
W M M U n U Y -nOlc

-

to&

B.ckLmrmd
Tbc tempwary mgulationr thrl a n the
ruliecl of thew wmclionr relate lo
ccrfrin elections under vrriour secricns
of thr Inlcmal Revmut C d t of 1mnd the Tax Rcfonn Acl of 1Ithe
Acl). Theme mles were added to the
Temporary Reylrtiorm-Election8

"-

lcltct "S' ia w v d fmm tbe mrrd
'Sccnm"and tbc l o m r - ~ u cldtu "8"

ward
ir n m o v d iad tbe
c a = t r p c ~ d I b e w d - ~
i.d e d ia it# *a.
Fu.ZInth.tahk.wp.gr~

d e r the k d i n g ".'lvailabilif y of
Election". prlnld line 43. t
h rord "tbef.
5 added immtdir~tly#&orrig i h t
Wmd "oil".
PU. ~ ~ n t k t m bon-=
k.
tllder the h d i q -%ion d Act".
pmtd line 2~ Lht kitw '1"k added
rib the p a r m J e r i s i m d t t l y
hl!on.@ h e u#
-ti=
n u m b lmr*
h . r h ~ 5 1 L S . ~ p ~ ~ - -

0.pjen.thitdEolumn~~tbc

"plr~Isnmw*drodtkr
rmd "prngnp)rr" b r d d d in i!r plPu. r. lo 1 5hS. p r y r r p b (4(31 ( 6 C
psge ME,thud column line are. cb.

4"tfi+* ia .ddd imm&dy
Wowing the w d "mhh'.
Par. 7. lri $ 5 U . p r r r p p b It113t

~ s s z 9 . d c o l ~ l i P l 0 ~ t . L b e

md~lp"i#rrmorrdmdth

Federal Register

VoI

52

Nu

24

t

Thursday.

Februaw 5. 1981 1 Rules and R@ationr

kFomr fax; C
OII

m Eltetimu W e r

fan Reform AFt of

1985

Inttrrul Rwtnut Stmice.
Treasury.
Temporary tqulatms.
WAUY:
This document

--

contains
lrmprary rzgulalions relating to Ihe
time and manner of making m a i n
r l n r l o n s under the Tax Refom Act 01

1 s . Tbeae nprrlrliens provide
midance u persons d i n g UILJC?

tktions.
rn7%-

rqulo!ions mm e f k l i r e
February 5. fsltt. Except i s o t h u m ~ g r
-tided. the rrgulrrions apply to

decrions made lifer October 22. I-.
H M m mI W ~ t r O W ~ A C
)rrcl S. Ruts~cinof the Lq~slrrionmd
ltcylations D i v b r h Office d Chiti
Counsel. Inimrl Rcvmut Sewice. 1111
Gnslitutinn Avr-

NW..Washington.

Q.CZ Z 4 . (Atlention:CCrlR.? (U-T;16).Telephone iV24+3S? (not r 1d1
k c call).
W

W

t

L

W IWCWYAfWm

l h i s document contdins ternpvrary
-1att0ns
relatmg 10 cmaia dectrons
wdcc various rrctjonr d rht htemd
Revenue Code of 1986 and i h t Tmr.
Rcfwm &I bf I S (the Act). ? h e
rrguldions m rddd lo h e Ttrnpriry
Arpuld rianr-Elelionl U n k r Various
h b l i c l a w s [lSCFR Parl 5hl. Tht
~ r m p r a qv+l a t i o n r pmvidcd by this
docllmeht wiU frmrin in rflccl until
wprrcded by bla t e r n w r y or h a 1
@ations mhthg to
tkcti~ns.

Stction Sh.S(a#l) tins cmain
ckctionr I ~ P ur
!
pror-idrd by the Acr

cad a m a d d r e M in this q u b i o a
T k pwaJ mlem (end taceptiollr
- d i n g the time for makiaff
Ibr listed dcdions
prowdtd in
-to1

T

I

F d d Kt+&

3a4

T h d a y . F-ry

V d . 5 2 Pk. #

5.

IOa Ibd# and R q p l m

-

I shL5fr)(2ETbt g m d m k s (and

txcrptloru rbmlol rtgrcd-

tbr

nmprinciphmdmdihc~

manna dm- the Used ek&m
rrr pmvidtd in 4 5 h ~ r ~Spwul
) .

d t i m r i8 I d S Rui-

of th+

-.rdRehabi*kk,d

ml- rttudinl tbt timt .&-la
making cmain tlectiorwlirtcd in
f sh.s(rl(lja r t contained in m g r p b r
(b) lhrough t i ) oi 6 ShL *tian
pmvlsmnr provided by the Act bui no1
rddrtsstd in this reguIatton. rviU be
rddrcssedin other ngdatton pmbjs.
Sectlon'Sh.~(ilprobides that
~dditionaihfommtionm y k rrpuirrd
from taxpa)itn rlter an dcetion h.r

tbtdchki h d hrcmal
R * * ~ o DSrrvih
~
H m r t r . -1
h d b ofiictr d tha Internal
R
m Smia 8nd Temsury

-t

htf A m $ hSIardded
w ( t i y dtu f 5h.r to read ms

participsttd in &=)oping

thrrqPlrlioer both on matters of

k8on-

4f i y k

btn filed.

fa) W d . c. k d i m s - + t )
aeaiQartodICvi-h
T k parrgrph mpplitr to the
&&ma
~sl
CoHk below pwided mdtr
Ibe fa Reform Act aC18w(tht Ad).
M n r l a -ding
tbe time k r
utL.tb ekctim m t t m d d in
p ~ r p l l p h(lnt) tbia Kajon. t t i l t m ~
&rtprdi* the manner lor making
rstri. e l d o n r arc pmvided in
p.rrlnpb f&X3] d Ihu #cYufi. wirl
nkr r q a t d i the !imt e - 4 manner for

me Commissioner or bltmal
Revenue ha&Citrmlnd lbst this
temporary ngulalim ir ow r mjor RJL
as defined in ExKUtivr OCdOI 12281.
Accord~nglg.8 Rrgulatory fmprcl
Analysis i
.not t s q u i d

A general notice crl pqmstd
nrlemahng ir mt rrpuirrd by 6 U.WC
55J for ltmparary mptlationz
Accordingly. tire ternparay rrylrtionr
do not csnrtiWlt W a h o t u mb)tet to
Dc R&tary
nexibili~k d {J usc
Chapter 8 ) .

M i n g i y . 26 CFR Pans Sh and Bar
U t m d e d 41 ~Q~IOWS:

-w

tkctipnt .rt conuhtd
i* w p h m (.Hi) o l his =tion. 11a

w p h L T)Ieauthority fur P u t Sa
m t i n w s lo mad:

Tbr collection ofid-rrquiremtnts c n n t a w d in this
m b t t o n have h e n submitred to I&
Oflict of Managemar md &Id@
(OMBI in accotdan~cwith t
h
rcquirtmentn of Lbt Pmperwork

&nJtqtpGn~oawoithe
ktd k b w . a c r r w s * r e i m c r

b 1Lt sp&rl tvlt u rbowa in bracktts
attkrnddr)n~ptimofth

' A d b i l i t y d UKlim."R r a g n p h ( j ]
d PbL e o n pmrida that ndbitionai

-

i

-

-

P.J be mquircd by bture ngulalions w
rrrnv proctdms-

L

.

with wpca to dectinns

-tim

Reduction Act of t88a 7 h s c
r+qubtmmU h i v r k n appmtd by
IIMB under wsvd nwbtr 151-

.

I
1

~

m

m

~

r

r

r

l

r

r

l

~

-

-~ I

-

(

m

r

m

-

-

~

n -*

-q m

m

m m . r l m r Y

- - - . ~ w * m * ~ ~ o r r r , , c ~

---

W

w

*

H

*

.

I

~

W

5 1 1 - a n - f f - l r a
C

m

m

I

I

~

~

F

*

~

~

m

-

r

a

m

e

r

E

u

W

+

y

-

l

t

uE.pc--z-y
m n . Y w J - m C * m ,
m m - - m * . r r m I r u l N

I -.-

-

Y

r

~

- -

S C t w ~ - I R * n a o r a o ~ . r p

C

~

~

- - I - - -

klrtyu*-b.kmCc.rr
lu
a
L L Y-yn

,

I
v

-..*I

!

----3w-.W A P l l r r r r w - m r y n a ~ '

.

-.-

-- - .

.

,--.

--A

.

.

,

.

-

--------I -- - . - - u * r r r C l w ' r I $ w m L -

.

.

.

E

r r r r r r r r u l r r c h r - r r r - -

.*-M1.L

L

b F m r h R * . D . . t I y w n
kr

I'Y.#*C
warm -Wmrlr.Asr#*m..*ap
-kv4u-ubr-h*rc-#t
' 'OabrazluY
-

-

o m -

m ~ r w - r * u a ~ h . r * . - ~
w C - - m - I Y ~
b - - h # k I I L . Y t . L I S . d
C

-

--m--u-sw-ur

. . . l U * - - - - d . r y

I

r

I

'.---.I-----

.,-

m

m

-.

v 1 . 1 ~

r

(

----*-----

.
I
-

r

lrrl*w

~

I

~

F d e d RqhW
Acl rcction &l(b)(t)

I

Yd. 5f W. U

(Codracth

miMznA)L the tkmaa liaa k mrdc

Thmb.F e h r ~
3.

/ R d t r mid R e - s

~ y I a w ~ d t d k r r d d p v r n t I rkr a d c r A d & ~ ~ ~ ( C o l l c ~ i r m
or rcfudafw o v w y r m n t d
ZWbMJflKnT m m ~k ml)c

&it

v t a t i v t
-tmn
.
r m a ~ - b y ~ b r r t r f m &turud~frmndrhtia.
(3)15lbnncrdmdqdcctrmMh m p c a t o i k m l t . h t t t r m v m i t
uiL p r . m gmtbo_m*l
im
dcfmtd in
d i m m4). T)r
-I.=
~ ~ d - h m of r .
bork~tltrnrmi8lr.ik~tkmn~
in
~X.W
m rw i g
ur
t l c c b w ~hmll bt
by tht b d.tt
Phis
m p k f.mI d b d m 3d bs
S,I 1iZ hcoopcrrfix hi(toting e x e m inb -1
ofthe
mrd* br -.dint
4 at+mmt to
-tlbh
h a bllmmuy JT d t
k
income tax m turn For tbe fint t-Mc
luWWI for thc ~
b F rkfor *d
yea folldng thr Cwl erkndet
year in w h d th.t a x p a p pa- or
incurt any eoll d h mptec tu the
t b ~ t l c c ~ i r t o k f f ~ r r . r T b etbuuu&mpridb&&h
a ~
,& -nY
or *&
d~mp!
h
W
md thir m i i m
d~tim
~ppfics.
bd
t
h dwim i# rrrilrMc.
tke
mrl k tifd dm *due
mmt-r&idet
d1h.t period a
[ i * ) m * ~ b & & i s n w &
b.tcdthctax-far*bt
writ- b t 8 t m m i t b k #the m m n t
rrspca t
o
m& w e t
-able
y e u fw *rhrh tbt +tKtiwt fr b
afthe atlas tion for r h t m n j ) under
cxpenditum. With mspec! h the
b
aacb rtmtelmnt antft be
~ 1 9 b ~ 3 ~ rtbibrrhbk
eni~
attrchcd tor tax mtum or &d
..Qtcmnt-rt-er's
Meton i t
election u n d a Act d o n 411[bnZ)
hr*e*abk
) N w w W
(W d t g ) b that p r i d Any (C&
sls(d)(nA]), tht =hm
rhsll made h r rwh
md h ~ t
&tidain
E** 8Sd**'
-tir,
-hUn
making

*

%

*-

nr~mal
depont not lrttr thmn the Fik
pnrribcd b, Irr fw fing &I
tax

n?um[lhking e r i e m i o ~into

.ccounr]

tor the taxrblt

B U Ct
~ k t h ir e

rrpkrnhn

mp~t

lo w h i h

b b .

expenditurer. With rto the
elecliPa ankr A d m
a rllfi)(Z)
( C d e #&on
Of 7@)(ZJ(A]]. h ehtioa

-

mdd
tn

ti^ a m b.mfm
tbt t u r b l t yrrt. tbt 0 h t ? m t W chllwe*
md
(A1 -m
~
~
*

tq hdimtt

d*e

tw. if

proviri~
i~w d i k L
m t i o a of the Act] d n which tht

t b c t l m mhan do w in r c e r r r h r t ~ t

ui& parwapb 11. 12) and p) of this
rhrn ikahfy in
i t r t e d dclcriw irr prrrgaph (1),3)
d* mm-trthc
n
~ &tion
n fnr ~

-

real wtrlr tlxm orlnrrmt sr &&

tr) Spcclbf r o b
rhc
eldon d& espet
fimP,qj&
hhr-mlrrt
mfid% dm,on
d
r A d rtetmn
(Cad@aaim c r )

&tion
*dt.
mrybcmrdtrt mymmbtfbnh
l ~ ~ ~ p e " ~ , r ~
" k~m , ~ ~
& ~
pt n
k l ir r~ p ~ ~ f ~ ~
with tht taxpapx'r
Inx mrn
tmin*n
h e m* pmcnkd fa
sw which the dmim is bdq m d .
Le l.xmbk
ck
f i ~ ~ 8 ~ ~ * ' m ~ ~ b ". ~~o r* & ~e ~~ a t~ t b s h E I S t o fa
_Oidhmtthod
llmObrDIcdm
tax l m p o ~ d
1d
r*
cldmm
i to rppiy. md
~ ~ O ~10U I Y
h e fint trlublt p r fm whith the
mvidt ,q ~~a~
+ m t m ~f LCb~pmf~
lexpaytr desim the W
n to k
the nlnat
prodlorn 8 l d ore che uap(ificd dvhr-vafut W'Q
appllcable.
q id-atia
-4
y t.atmw ttmt ~
~
~
O
d
.
~
~
[vi) Time @ mukiiy -I#
eI&iOM
a, t a ~ p r p kr d t d tp &the
by ngulafd invcs-mi corntk *w
j b l ~ ~ o ~ t h m n m d m C i r ~
-undcrAct+cdimW1
(Codt
6)*id m k fir
n h ~
- E I ~
of* r r g u l ~ r nutdcr
474. 01
m8mm as
maim rsazltnr)] **R k mdt on
-icimd
k- wi@ r r s p ~ d -00
bt rcoept.bk l o rht
arlrmm m t t d d to tht l o r n
fscercoin h l r - c x u m # ~ ~
p r e w by thc t n W R c r r r o t
+ntrzia
deehoa mdn
l*il Sprciol m h famuk& election
Snvieewhd~irurrdtorrpwtmdpmy ~ s c c . t i w m r ( . ) . o d r ~ m ] ~ C d t ~ ~ ~ ' ~ ~ ~ o p p b
fie aFise t a tlrbility adcr nvch
~
~
~ 4~
Frr ;a ] obI-ons
T
~ m'ziwImm sulrs of
-m
and~improvrdrtstdenlici
a t c t j ~ rosr
l
*i#1 ~ l Rnbe iW wl or
bcra&b
tf,1-).
kzt teMmIvldtrokr&tMim under
befort ~ a r e ) 15
l d the fiw dendm
~ d by ethe t a u m l l e d
Act M m 81t [a) {Code W
n
ytsr k g i n n i q rhothernd DF dre Srrt
~ p t i t y11h e timt md in tbt rnuma
txciretrxpcriodforrrhidibtckctlop
&-Wbrpurp.p)r(a)(Zlmd
w e j f 4 ) lto b m *tcrion4 s nar
ir to be *fiKtive. Tbt rhltment d
(a#s#i) ofthi, d b a . A
of ht
.ppIy lo obl*tiaru
from sales oC
timntrucr ud
ddtntial
election undtr mtim WtHtr]rbaU ll k e k c r m n r t . t t m m Akd b tbt R*.
oltached 10 thr ~ r c r i b c db m
-m*
.)to k
b hfnhvibruhm p br made wirh
m W 10 my ou@*d=
mgardlen d rhrther the w h t d
wtadrtd 10tbr Fcdml tu
mpct tm 4 d4u of such abtigationr. In
inveslmtnt tomplny ir hbk k t h
ram rn or m)of I.& d tbt tartxcisc tax i m p 4 b
fm
mcmpt ~ h ~ ~ b o l drn
* rbmcikiaricr
r
d Ibt t * of~ t k d m audt
~
with
the t x e h e h x pcrjod in -tion
thcrmdtdenti .
rnlo r drrr dobhgatlm. such
d~tion
~ brkrcrfbt
l
drt c l u r of
{vii) Time forrht tkdiwr
(iis +id mk%r
obligm~ionlrritb mch spcdfmty as tp
d w o n w.thmtbpm*h
with mpccr to Etrram nmxpifltd
ctw& dplmns. The t i e d
t
r
~ o d i s p o r i ~ ~ ~ &
d e hr bit d~ u r m d J r ~ a b l c
IW -I
rukr fur d i q ccmin
--vc
m. &xth~
d m Ad
mtia latslplll) d thr Acl W
_ I I - w
~ i r i m m mie
1
m
o
i nm(m)I C d t
d o n #fcl(3n mbmd k m
&

*

,-,,

*-

-

,

J
-

m,

a

(~)8,~pr1n.1a.imamarin~ ~ . u b . m a d t m I b . f ~ l r r r o i h dchk n * n . m * - n W q m
d m kn a d e
dw ZntmrlRrmwe -=fa
hebTeadtrM#ctisn
tam(mM1)IMtKaim mi)u in
dlowonm~rUFhdattrrcruhj
wputinf i
ht a m ' r v i v t
dfta b t k m m o b - Z-1
&ail be
d i i @Imr n r d d ktbc taxable
p r c ~ t n thcrtdit m rrhmd d

whi&thtmion

a r ~ p a d k ~ ~ l r s a a y~ e ra br i n r h i r b t k ~ u ~ dn d r h h * l - o r d r r a * u r
fi~)SpcnoJntlkfir-t
f
apemmt l o b i d tv t
kb n c c kase
tlecfion, md
d w of rtcrim lmijd tbc C d e - a in
15) By no Iatcr than m y date w k
d~tion
with rrspctt
Mort Octokr rZ.lm by hotins
elation
April n.-7 an w k h k opmtion d
hsingc o r n -

*

3-

Fdaral

R

m

j Vol. 52. No. 21

this t i e c ~ ~ oinn (he boaks d records
relatang to {he lease a
m within 12

/ Thunday. Ftbrrrary

5, 1987

year that e d e e d to k dry of
pnstnct.
( x ) Special ntl- f o r e tlk
election wit6 r r ~ p s C to&
l
tramen! 4
rht exerciK of cciiuirr &fled
stod o p t t # ~ T h e dKtioo bAct

months after Februor). J. U#.
(viii) Spcrial m l e t { u r ~ t h c
eteci~ondoting to tltt d e h d
proprty is tte+d QF onn&m&placed
section lars(pjIl1 [Code
M(c#31)
in senkc. The tltctim uadcr Act
i s made
by filing on Fwm 1daim
scetion I B D ~ ( ~ ) { (z 6
] d c wction ~ b ) [ t ~
)
mull bc made jointly by
and
for credit or refund
wvyrnml
of tax mullin8 from tfir dcdioa
Ihe lessor. The dection is ma& joinily
order to satisfy the mq-tt
of
- w h y both the lessee and the lessor
make the election in uccodamt wiih
f m1.--2(bl(ll
to
paragtaphs (e)(2) and (a)(3)(i) ofthis
ret forth in claim). thc daim fw wedit ~t
sectioh. In addition to the o t k
refund must rel forth)(A] The dare On wbicb tbc
information requited to bt prwided
B
~
~
~
~
~
u n d ~ rparagraph (a)13)[i) of this section.

won

the sla~emtntdtsctibcd (hshall
inciudc r copy of the least agrrmcnt
and shall be rigncd by k l h k ltssec

and 1 he lessor.
(i r ) Special rules for maAing the
plwtion to be treotedus u d n l
o1it.n. The election under M section
lalo(Il[dl [Code~ t c l i o nTnnlbl) to be
t r e a ~ t das o resident unda Cak setion
7701[b] shall be made by aa d e n
individual by attaching Istalemenl lo
the individual's income tax mum (Form
IUO), Tor the taxable year for which the
cletiion is to be in eflect (the cltcrion
year). The alien individual may not
make lhis election until such time as he
has satisfied the substantial presence
I ~ S Iof Code section 77024b)llHAUii) lor
the year lollowing the electioa year. If
an alien individual has not s a m d the
substantial presenct lesl for tbt year
following the election ytaras d the due
date [without regard to tx~ensionr)of
the til* rclwn for the elstion par. the
oCen individ~.11 may mqutsl aa
txrension of limt for tding Ihr return
until after he has satisfied sucb lest.
provided that hc paps with his extension
application thr amount o l t be
~ txpcct~
to OWL for the election year. ampuled
as if he were 4 non-nsident alitm
Ihroughoul the election year. l3e
sbatement shall include the luat mad
address or lhc alien individual ud
contain a signed declaration b t the
election is being mldt. It muH specify(A] That the alien individual was not
a resident in the y t r t immedirdy
preceding ~ helection
t
year;
(B)That the d i m individual is
resident in the year immtdiaidy
following the election year u m h the
subslontial presence terl and tbt
i d i v i d u r l ' ~number of days d p m n c t
in the United Stoics during s d year:
[C] The date or dales of the d e n
indi\;idual'm31mnnc~utivcdoypcri&
aCprtsencc and continuous p m n c e in
Ihe United Slates during rht dmion
year, and
(DlT h e dale or dales of a b ~ o c tfrom
the Uniled States during the election

-

-

-

Lht-hn
which
'lhe
gmntd the op'ion
(CjTht
On which tbcflodr

*

Iransferd
punuan' to Ibt a r t t c i ~
the option
ID) Tht 6u markel \.a& dutch
stock on Decrmbet C lm
(El ncbir m o ~ t vh
t
oa

rroqaniutim
of corporrtioa whid
granted the option and

IF'

The
On
sub,lPntiPily
meiud
in

,H

o i h rbxpaprr
td

anbw
fi
him
7
for credit or refund of lhc atim

nc

/ Rdes and RegJaLioar
W(~)P)@l(ii)and
WycM4)L W r l
! M e #&ion l

~1Wlta) (Code
~

&on
lwi)8r ia effect bc-larc
~2 I-). t ~ ~ ( a ) (f?W) e section -8).
~aos(elIZ)(Code maim Wbl12)I. md
1mql)[4)(Code wdiw m [ b ) ] r e
mvouMc only witb tbe tonwnf of the

Commissiontr.
(iii)FmIy rrr~~lbI*
sldms. The
tlectious dcJcrikd in this section under
A d sections 3lt(dM2) and l U l ( a ) [Code
section w b 3 ( 3 ) ) am fnely nvocable,
ibl ,gectjw w i ~
~ wtothelow+
income busihg &iL T h e elections
under At! rcction 252 (a) ( C d c s e e t i ~ n r
~ 4481II).
.
4dT)Il).
4zli1(2). m d dzliltsll
must bc made for the taxable year in
which the projtet i c piaced in w r v l c e
and shall be made in the cer~ificarlon
.
required to be filed pursuant IO section

tZl!lIll.

.

(c) Elmtion b hove the rules of
section 2bjA (mlating lo capilalizo~ion
and inclusion iir in ventor). cosb a/
certain expcnsc~)nor apply fo anyplant
or unimol p r o d u d in any foming
business mnductd by the electing
t a r p o y e H l ) In #enem/.7%~. paragraph
mpplies to the election u n d a Act section

BOJ(a) [ W e stcriom mA(dl(311 10 have
the rules af -tion m A [ d a t i n g to
wpilalizotion
and indusion in inventory
ovcrpa,.mcni d tax wsd* from the
costs of -"'in expnses) not apply to
under ~~i
l l ~ 9 (HI).
any
14) ~
1-L
~
~any plant or animal
- produced in~
c~Ktions. tldiw d&
in t b Caming business conducted by the
*,,dtr ~d =tion\ 2 0 ~(- ~ )
elw'i~~g
taxpayer.
election is
available to taxpayerr engaged in the
l t ~ t i o h r1wb](5).
lW(W1).f ~ ( g H 7 ) .
business of f m i n g . induding produce=
,,d 168(h)[6)(n(ii)].w a n l n ~ h
of mgricoltural aopr. livestock. nurrery
[codeswliomr 42(m3(3~
U(i]{lk
stock. s o d t m s bearing fruit. nuts or
4zti)[5)). c l t [ b # ~ {C&
)
&n
other c r o p and -mental
trees (for
263iiJ). 4ll(b)fZl(A)( C h
purposes
of
suiiao
28311.
an
evergreen
6 l q d ) { z ) ( ~ ] )5,~ 1 ( a )[Codthen
6 Yea* old at the
regj)[g~.
001(dl(Z).w e b ~ # i ( b ]{Code wee that i s
lwlionr l 4 l [ b ~ g b112(d~lbr l ~ ( d ~ ( ~ ~time
1 . it is W& b the m o l s shall
not
k !rested 8s mn ommental Itet).
~la(k)[g][DHiii).llqd). and
The tlcdon is aot available to a
147(b](l)(A]), 1131[8) [Codt d o n
mrpontion.partnership. or tax shelter
zssz(aI(311. IW(bE lwa)[at
accrual
g
w lo
=lion 1Wj) ma in effect kIarc October that is n
22 l w ) . ~ ~ ~t (~tp)~(al ~
) .[ & d e method of accounting under section 447
w seclion Wa#3). w farming
section M(cJ(3lf.and IWQ (Gods
s y n d i u t n (as defined in e a t o n ~ ( c ] ) .
=tion flnfw)(Z11&reimrocibk.
or with tesptct to the planting.
(ii)EIttIions n w # e m*ilh the
mlt i ~ l t l maintenance
~h
or
consent orthe C o m m i a r h . Tht
tlutionr dtrcribtd in his &a
under devtIopmc~td p i s M i a trees. In
additioa h e election das no1 apply
AM sections #Wit). 243I.).tUtbl.
with mpect to ccnh i n 4 for tht
2a(a)(b).4il(b)12)lB)* I
=lion
piantiry cultivation maintenance or
617(h](Z){A)E6141bl ICDk r+tfioo
devtlopmrnt of any d h s or aimond
tO5~c)(4)].62f[m)[Code w d m
grove i n d duriry ht +taxable-year
342(11(51l~l1.w ( d ) -1
-*
period w
n
igwith thr taxable year
nqb)(3)).M6.651 (Codr
in which sucb gw+ wu planted 1I r
1MZ(t)(4)(B)). fOl(a1 lw
ir plmttd in
citrus of rimond
WO(3llB)).KW.)(*

se

nc

wnl),

~ d J f 4 ) ) , b D I ' ( C o d e r t d i o * U 4 L W ~ a ) momtbraonitucabitytsr.theporriun
( C d c section 283AIdN3)L men211Q
of the grove plant* in Qnt ta*abtt Year
(and [he election dncribd b H a Rep
i s tmattd m
r i ~cp&mte
grovt for !his

No. -1

rt 11-3iW.6111e) lCodc

s ~ t i o n #53Qb)Itj(B]
r
1;) m d
#~3C[c)[4]).
901(@)ICode-9

~

PUrpOw( 2 ) rime andmanmr of making the
t/cctron. Unftss consent is obtained

k d m r a l I t o g i W 1 v d 52 NO.2 1

.-

M d r ) . . ?+busty

f . ?An

wcion mK41Cl d tbe U .Ncc
ir#orntIwthIm-~
rleiblu&
t h ~
.htr
4 - h a q n a d - h
D t c t m b J2.19bb rd rhq which h e aecomtLn8 p r n d 4
At
k p~idolll
l a * p a y ~ e a g in
e r f h q W. of t e c ~ b d hAd
u tm k
The tl&
h a l t k && oa tbt
lncludrd r a q m ~ b +
m'
crd S
&cd&
E F u d e r &d&
corporation shnholdcfi' homt kw Ur
to be alrPdsd t* cht i-me
t u -urn
fim l o w U A ~ (-t)rr
rharr !a&&pa)kgmaing +fkr
far rht firu rurdk yew hw h d ~t
w
r 31.1a hddd mirdy
-eltction ir effective. In the cart oT a

rhc C a - m .
LhC
may d y k mnde kr b mpr~rr.4
Erom

/ h k s orrd

Vrbrr,

56fil

i n u l n t o f I h * w a S
torpolr*~ilkrIsd&&rkt
4&#md
fm ?be&m! k x & I r
y e w ry dm br

.urnso *won

c r r k r #Mionm
tRrW9 d h ~ rbyt
mrtnm a S aorpant)oa
to indrdt rCI & m
a lor
~ h mat
d
mr *b
in income
the p o r t n h ' srdrmhokkn' b*rbtc
yesr ni* rn wi~hirlrhrcb & h n
in infor tk r h m m
blt rn rl
partRcrsbip pr S mrpom~iaIb;e
hxebk y m artk
rn s
electiou must be made at fh p m c r o r
the etrcrian d tllt
IC
oorporetion d.
~ h a d o l d c LcvtL
r
~
~
+
d
d
I
~ ~~ ~ c r y
t dnm
n' r h -~
&& r
~
in accord.ncr
(3) Llecrron m f c d er i f mode (T
(with
Irtommr uJ m u i n -I
in k l ~ c n t
certain rrquimtnLr mtis,rld A
mPpce to plhcrrl
dfw
linan~d~unbm-lh
l )~ r r o p b
l a h p a y u eligible to =kc t k t k t i o n
(with nrped R S -!$an
Thir pamgmpb
b fit dtrtion
undu stctiorr PGJA(d)f3) shell h h r l c d hat-I.
urrdm ACI d m W a )M e acction
IS haking mrdt the tlcetiw i f d
I t ] E h m w d rtrprrel
t6~(tx1),.ffl a a p a ~ e r ~ p r l s i n c o m t a r d r x p e n ~ph ~
~
r
*
h
~
~
~
S t F ]ch d &
o c d g~* t d ~& e t *~ x r bi b y r~r r . ~
~
rct~rdana
with the ndes under the
tAe*Mrnx&mmhfma
ituamamablybentmted&rt
n g u i d c A m in -wwpried
rlrc~ionon a lime)* filed income tax
(here h 8 krr an rn dcpalic of r qualified
return.
u n d e r s u h # ~ & A d b ~
.idbidurn! (ud d b d i a Kcrios
u-id&*
u~lrrrrr
(11 R.*rrcotijn. Once h e dmim i a
ia @ qurtifid h c i d
m d e it isrcroubltdyrrifhtk
existing 0s
a Jglsb 41)In 165(t1[2)1
&tiwm
&find m k n
constnl d t
h Cmmmtmmr.
p . r a ~ M
h a*
IWII~JJ).
md
151 S ~ i u f m / c bf
s C ~ r a I m nof
t
t l e c t h l d u m b d ir
ICb
(iilSuch loss ir on rccbunt of Uc
e a , n e n s ~If~the ckdm ir &.
t
h
MI rt L32D.
bmkruplry w b d v of
( 2 J P w m ~ p o r s ~ e o ~h tOi t umt b n~.
plam or animal
h m m d as
scclron 1215 propsly 8 d lain IS
mde*k'-nlo-imr*
~enih*quldi~iodirid~ma~~
r t u p t 4 n d (matrd rr
1
-i
M
t
mtar*
w by rn
b wtbtp(km~1oCCl~ttd
in t
k mount ~l M w 1)6Ek.bi
mmrrrdo4-mr
onwrrt
tor rht dcction m u l d h v e btm
r e q u i n d to be uprtdircd with ~t
partnership or S ~wpwrtioa
k 4 to
lo rh plmr w a & d If lk & x p l ) s or d#cilr irrm.r fm tttt sham mx8bie
a related prnon maker the =lectim. a
year r e q u i d adn t* WR
d
rrfio a rUcl(Jl
irvndd.nnl ke
mtmn aaS d t k Act b f&
nonaccdaaud -bad
d &pncirrim
tax&&
year.
%
d
e
w h l l v p l y IQ
urrr8~!1zrd
adiummr
bmolmt
(as d e M in -!ion
W p l ( l ) )All bc
dl lorrex d !hquawed indicdwl pn
t x i d n g m r d Ocmkr f L 1in
applied w a11 p r r p s t y &
&pit'
in
'ssri'utionritb
ptrdaminant!_v In aw Lumla~
a c t h e e k t f i pl*&
(a) d t k
lo
wMmtka-Lr*d
m
i
o
h
t
h
e
m
krdu
h
I-Me
of ~ h c ~ r * p l y v
rchI#lw
wd
mionr
a trrlm- lo b d Qck.) r b l l
placed in r e t i l e r in m y Iaxabk year
ytat I r e d u d by '
k~rrudurrng which the dectkn is in tffcd. For e u r t m r n t -4)
h br
&yao -Iosr
to
whcbmclacti..Lh
to the & c t i a ~d~ ~ d o a
p u m e s d this election. -1-d
p i y

*

'

,

c$Gz-Tn
'

~

~

'

~

'"

mrans:~)rbrmunbcrsofthei~apay+r's ~ t ) l z ) ( C j d t h , A d . b y ~ m m d 52)7imdno-4m*rhe
family ldeljned for this p v c lo
scvmth
i#l&
a
m m*j b e
by
fm
the net income hl)le tharc clnbk m r bimiw
lncludc the spouse of the !-payer m d
(@3
R-n*!e
h -'
w
any of chis ur hcf e h i f h n who hauc n a ~ mtlrrIy in iwmm tot t
u t b m t t of .udr 1-B w hc lmdL Y b e
reached the a p of I I
sba&dden' h x r b k mmr wirh tw
af rhe last day
qwiificd individual d m not claim SU&
within which k *)rmt r x r b k y m
of !he taxable pa*. I+i)
c-ration
(lnctudinean S c~rpwlfian]SO-crrt
ads.
krsooho*mforhtu*8bie
or mart OI the t?h
or whch n omad
(3) m e d r p s cg-3
~ mJ*.
id*id.r!ma? not
rubcqmesld~d tax ntur, for
dbreclly ar in&&r [ h r y h h e
dOndmakctbCkCth&rrdivEe
applicatmn of m
a ST&) by tbt
~
m
~
&
~
~t h * ~ ~I . ~ ~ r~ ~ ~ bJ * r p ~C l k smf o
th* U k par. Ho*mtt.for tax
laxpaym or me*
of fit t r x p v ' s
rmonan~mdcxkmCcfikd ~ h l Mpwt
b
m a trxabk
22 r ~ s a
I
exisi~ng Lly
l u m d ~ liri)
: rnlr c m t i a n t h t i~
4
f
l
m
b
r
i
n
C
Desrnkra.
rn~rnbrrof !)n r l n k mmtrdcd g?mp
p r r i d i p ar S c u p r r k mot
1.
hqwllhcd
beta*
dKl to Mutt icr m
e ta tk A&
(h11hlnthe m n m g d section 1563) rs
Ihr t d x p m a d liv) mny - M p
J lmxablt
-led
kt k
LsMd
mom

*

-

*

--

~ ~ p e ~ ; m ~ ~ t m o r r d ~ & d 3akl l c c j ~ m m D f * M b h
inlewb

a d -h

(3

dlrterly m -)y
(&$I
ap+lipm
d - t j ~ . n~

the

bv IIW

i r x p r m a lnewbar d tlw tarpayefm
Iamb+.

IdlElcctio? V

t r c n m m d~

J

J
41

*~

Ibr Ihe Awi

ra~ab/ey e muh muv r r d
chomqc in occorrnting psmd T h n
paragraph r p v t s TO L)I1 t l a m wdm

* &*

*

3q-f

apinti~dtkpmlptnaikdiw

u r r ~ r n d ~ r trdiustara
d
wadpirhacdt~dmd)rnnnd
mdO*kkrau
I l w u x ~ k r h t t w b k ~ r t o
p r o ~ j n P n g r r p h ! m ) d ~d~r i m d ~ k h ~ t u u b k ~ l r .
(3) R m b i h ' t y 4t
km.
This
Ik
ta*mbk ~ t s g mdf ! ~
the P r ~ v i ~drtcrim
io~
a d tht Ad
*kction
k e*dtdW ~ m
Yh
c~rmiclrrtd
om ~ a ~ n b k y t u bm
t dthcComnrn*.
all
PL~PQK*
d m h q fkC -4
(1) E k f m w ~ t h
to certarn
m
nr r~
krt hw
d Rrv.
bd.I)re ekimm mda A d Man
Roe. ?HI. W E 2 CB.QT a m .
tW'ilb1 [Cod?lmian mlbll9t
Roc. u s .
11
C A
?k
mi
144dl[l], ~ f l 4 ~mk ~ l ~ f l m k
&*tiq

3636

F

&

~~e g . i ~ Il uVof. 5 2

No. 24 I ThundPy, Febmaq

5. 1987

1 Rules a d R @ t i w

--

~ r s ( d Lnnd 1171b)(4)(AJ)must be made
in the # 5h-5 (8)bond indentun ot 1~
=lared documtnl (as d t i d in fi 1.1t ab)(&j)
on w b t l tb,
~ & t t d iaw.
With mpta to obliptioru issued on a
befort March 9. I= these tlcctionr
musi bt made on befort March 9.
l w and need not k made in the bond
indmtur* DI r rrlmted document bul
mu$\ bt mrdt in writing and retained rs
part octbc issuer', k k s mnd records.

-able y c u h ~ C db d hart
umstitutd n t l rrnriryr from MUc m p l o ~ t n for
t prrp#tl dtb.pra2 d

h u l k A d the
iw*-nf
n g r p h (41 a (5) d
Ir04cl)
k exaption under&

a
t the b u 8 o i b r t g a r a d KU.
aploymemlratomc d m y Lrrdividual
for month in o &
ia hid ~ P c h
imdi-1

cJcodrr
.pplit.tion

b;

fwrrrcruriaa ir
(adlumpIlum death p . ~ pp
bbk mder ruch

1Wt)ll).
(ii) m mFled befort thc drte date

tiUconthcbu#dr#b~mdscllmploymmt
rbc cue of
d e a t h -ng
irr m .her mch
&en&r firr).
(QAtvorntion
for
txunptimfrom &-'ty
taxes b y

u

dtk Fcdtrof inwute tax mfmx II
Form
16 filed be{# the
d.tt d
hF d m l i n m n t t
u -turn (
i
ah
r r y txttnsion them0 h t b t
(hidevocolion of !he ellettion for
e~emptjm
fmm sbtiui stcurily IUXM b y kfividwl'r lint taxable ycu nrdLy oa emin elf- on
chuxhor r f t e r O c t o b c r 2 2 1.ad
~ Ibt
miri clcgy-41) In gcmml. Tbis
aurm/Icd
~ ' m f 6 @ 1 1 In gt~eml.
ckclion iw tffuriw with rerpKl to that
parrdrph applies t m the election wdcr
p.rrppk rpfiia lo tbr
t prymmt in fdd an
Act section 17M(b] lo revoke p n eltctioo ~ b lycer.
mder
Act
1882( W e wction
under rcctioa IWt)(l)
of the Code by 8 - t y l
tocb. totaiofthttaxn
SUI
(w)(z)]
to &m &ion
under
h r woul hove beea imp#ad by
duly d i n e & commjssiontd w
n n ( w ) by r E h d w qualified
licensed miDister of 4 cbturh. 8 membn -tion IW O l d h Cod.
mp
to
dl d the individual'm n
iW
eec
dt i
. shvrhcDnbDncd -tion
of r n t i g i d
~ e r (othtf t h o r
i
.uaia M b lJI1b
&I I*ltrble yew whieb would brvt
m e m k of r religious order who has
12) Tim and mafrrroAinEzhe
-irtuid
net t a m h dllkcn 4 vow of poverty as n member d
mpioymcnt tot p w p w of~h.ptc7zd elution- Ibt ~ t i o d eas u i b cd in
ruth ~rdet).or 4 C h r i s l i ~Science
~
tbir p . w p b li)rhll bt made by filing
tk rubtifle A d W Coda
pracrhtiontr. O d y eltclionr which are
.f-WI
o r h f m h due date for
d
(mtwilhotanding ~ w (41
fi
tffeclivr for the taxable ycrr containing
fibFom W l trritbollt mud lo
m i o n iUWc]) but fff tbt excmptioa
Odobct ZZ, lsbs mmy be revoked under
d t r section lIOqtH1) abmn k m d c *xtmliall far the k t quanufor
tbir paragtaph.
whicb h e mvoutiorr u (a IM
tlftctivt.
that ur
(A] In the uae of Fmms
12) Timtfor re wking rhe elution. The
M d an or btlm t
k &lr m rhkh tht @ # a m p a n i d by wyment in lull of rh+
t l t c h n shall k r t r o k d by filing Fom
h a t *odd be rtur for that quarltr
W v i d w l ' r Fedcnl w
t iuwhva
2W1 M o t e tht datt on which the
b d tbtm btea m ckctim rmdcr m t i o n
br such first taxab!e ytU 51 fibk nitb
indiridwl becomes entitied lo benefits
t l P ( w ) -See pmgmpWnl) 01 this
h e individual's&F
bt.*
mda Kaictns 202fa) w 223 ol the %a1
mcih for the t K K t i r t date d
return fao such iambla yur:md
S e c w t y Act (without regard to mtions
d fmZlm h t u e
rtroutim me& Padm tbir pingraph
mjl(l)
or =(b) o l such Ad). and no1
(B)In tht
lmter than the due dote of the Federal
k d afttr the dale which t
h
ti?,
U v i d u a l ' a F d m l int
u mum
i e c m t h x ntum (induLn8any
IS) R m h i l i t y qf rhc mocorion of
cxicnsion themor) lot the individual's
b ~ u c hfurt trxabk
htb
~lbh
=/&;oh
~ n a~
m under
n
first taxable year begtnn~ngafter
. ~ ~ ~ m e n d ~ F e d~ i ~o n i3 t ~ ( wt f i ur m ~d r e~ d m d t r t h i s
h ham rrxrbte y e u fikd a kfm
Dcrobcr 22 I-.
p . n p p h (i). n m
wder
ILe due b t t l
a tbe i a d i v i d d m Fadml
(3) M a m r ofwvoklng the elcctian.
fiatw] aof k -dt.
iaeomc t a x nlum findud& MY
To moh an tlcclion uadtr cretim
(4) E f l ~ 1 1 . wdote d &.if pmgmph. A
Ult-0 faneh tlxaYc p r .
~rr;i(a#l].the tndiridrul shall file Form afa~uar
-** &thir pulpoph
@il&#&mi
M W p D i d qfrer rhc
2031 in accrrrdanut with the instnrctim
e
* ~ m
pruntr
fa*
accompanying that form. The m.ocrtion & dbrt dthc P d i tbt
ulradu
yeu mud by t
k Form
m.
Krny
a
t
d
t
u
dill be made cffutrvr. 4s dnigna~td
bj
W1
r&
-tion
-& in
am fw a8 iadividtul'a w M c leePrdPI1Pe
by the mdrvidwl on the form. tilher
p-ph
( i ) ( Z ) of this
mwitbmptc(t~nhiebawi~m
h pcct to lhe iadivwlurl'r first
h
axa able year b e g i m g after ~ s r o b P
u. r*r thim p.nwwb (LIi s dl~ ~ ~ m ~ D O d ~
I-.
pldrftertht due dakdth
.IIu!impriat~lra~Wl.lOQunless
M
u
l
'
r
Ftderrl
ineomr
tu
rrhua
(41 SpecioI r u l u fur pojmcn~of selfddukg
*B*
W u i regard In nt-J
C a d
employmenf Usl with ~ p d to~ t
certain t a n l r yediw on or obcr
October p. 1-i)
LIn:lMIu filed
uif&tlectiwbrdlwrtrhen in
I w i h l ward lo utMliaar
after the due dote ofthe FcdcmIi-m

*

&*

~

**
I
3'3!W5~5~

bx~tum.laForraab3fisTJtdona
after he due d J s of tbr Fuknl income
I r a mum (itlcluduy any ertanrioa

by

dalkctive
& d ~ h&ate
. . L dl it
dkf m r n t &
hng
d w - n r o s s .
U) A d d i r i o n d i n f u m r h r r p u i d .

IPIan rppiiutioa iff .a

Ir~rrmguhtioaa#-

1mt#l).
~)q~vt&teofthirpro*aE#rr
%
rb*U .ppiy *rib

lrucduadefpmvirioardrhCodew
k i c o u .d b.y r b i r w c t i a r ~ y t t q u i n

m.tbc Indivtdurl may rM

iherto8 lor the hdividurl'r Turt taxable
y t r i rnhrtg on or rfttr Oc~ober I##L
md the tiectron made tbttein i a
effective with mpm3 to that ~axablt
tar. F M =a~ mhdl be aaoarp.nrcd
u amended ~ d c t minsome
i
ux
return k rucb taxable yrrr t q e i h e
with prymtn~in full d an amount tgwl
to tht lolrl of !ht lox- that would have
betn i m p d by u c ~ i w1W
l
of the
Wt with mpccr to all of the
ind~vidual'rincome derived in that

OLr&troarrhicbrr#btubp.ib It0
@I
R e v o l w b i h d*& h i m Oaee brrinl filud Fmm

'

-tion

'

b&ES

m*.d
lor whirh tbt bdi-

h e a-W
to b.
e v e . OB d t h h d in prnplpb
-tt8

=wM

pc~cedrues

d -liar

i~
rddition

3~ri* the

a l & d # W b r d i a this
~0nIadwmlLkLltu
d t i o r c l or m
m
W p#adrmr -111
*&matt

(bXj]drhurtcti~a.~witb~l~ ~ r * i b ~
i r h i q d d &tiad
m h l y i t l r u r i m * hen&# pryrbk
I L t j t i t U d t h a h l ~ ? y A c t -lka(aU%rr#)

s

~

t

h

e

F&J

R+lm

/ Vol

PART 602dMLE-1

There is n d for immediate widance

with msptci lo the pronrioar coataincd

in this Tmrsuq dccirioa. For this
reamn. il ia found jrnprrdicd to issue

!his Treasury deckion with notiec and
public p w d w undct ru-ion
{b)QT
section 553 dxtle 5 of h e Unilcd

Slales Code w subject to the t f l e c i i v t
date limitation J r u b m t i o n Id] d rhrr
ECC~~OD.

Law-

IG

i

52

Ma.

24

I

7hlucd.y- February

6;.

l
W

I Rdts

md RcsJatlcm