Links to Official IRS Bulletin Documents listed below are in the Adobe Acrobat PDF Format, and require the appropriate Acrobat Reader to view and/or print.
INCOME TAX
Rev. Rul. 98-51(PDF, 18K)
LIFO; price indexes; department stores. The August 1998 Bureau of Labor Statistics price indexes are accepted for use by department stores employing the retail inventory and last-in, first-out inventory methods for valuing inventories for tax years ended on, or with reference to, August 31, 1998.
EXEMPT ORGANIZATIONS
Announcement 98-94(PDF, 11K)
A list is given of organizations now classified as private foundations.
TAX CONVENTIONS
United Arab Emirates(PDF, 19K)
The bilateral agreement between the United States and the United Arab Emirates, providing for the reciprocal tax exemption of income from the international operation of ships/aircraft, is set forth.
ADMINISTRATIVE
Announcement 98-93(PDF, 15K)
Public comments are requested on proposed new Form 8865, Information Return of U.S. Persons With Respect to Certain Foreign Partnerships, and its accompanying instructions.
Rev. Proc. 98-54(PDF, 29K)
Rescission of deficiency notice. Taxpayers are provided with instructions for entering into an agreement with the Service to rescind a notice of deficiency. Rev. Proc. 88-17 clarified, modified, and superseded.
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