Internal Revenue Bulletins  

May 10, 1999

Internal Revenue Bulletin No. 1999-19

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. 99-22(PDF, 10K)
LIFO; price indexes; department stores. The March 1999 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, March 31, 1999.

EMPLOYEE PLANS

Announcement 99-50(PDF, 13K)
Effective May 10, 1999, the Service will temporarily discontinue accepting applications for approval of master and prototype plans (M & P) and regional prototype plans pending the issuance of revised revenue procedures.

EXEMPT ORGANIZATIONS

Announcement 99-51(PDF, 22K)
A list is given of organizations now classified as private foundations.

ADMINISTRATIVE

Announcement 99-52(PDF, 8K)
This document contains a correction to Announcement 99-36, 1999-16 I.R.B. 10, relating to the decision by the Service to continue to publish the cumulative bulletin but in a new format.

Notice 99-22(PDF, 8K)
Low-income housing tax credit. Resident population figures are reproduced for American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands for the purpose of determining their 1999 calendar year state housing credit ceiling under section 42(h) of the Code and private activity bond volume cap under section 146 of the Code. Notice 94-16 obsoleted.

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