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.

Rev. Rul. 97-28(PDF, 45K)
LIFO; price indexes; department stores. The May 1997 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, May 31, 1997.

Rev. Rul. 97-29(PDF, 41K)
Retail motor fuels outlet. A retail motor fuels outlet is 15-year property for depreciation purposes whether or not the taxpayer-owner is the operator of the motor fuels business.

Del. Order 172 (Rev. 5)(PDF, 13K)
This order gives authority to waive all or part of the excise tax imposed under Code section 4971(f), with respect to liquidity shortfalls within the meaning of Code section 412(m)(5)(E), to the Director of the Employee Plans Division and may be relegated to branch chiefs within the division.

Announcement 97-68(PDF, 16K)
A list is given of organizations now classified as private foundations.

Announcement 97-69(PDF, 12K)
A list is provided of organizations that no longer qualify as organizations to which contributions are deductible under section 170 of the Code.

Notice 97-41(PDF, 43K)
T.D. 8716, 1997-19 I.R.B. 5, relating to group health plan portability, access, and renewability requirements added to section 9801 of the Code by the Health Insurance Portability and Accountability Act of 1996, is corrected.

Notice 97-40(PDF, 12K)
This notice announces that for periods on or after July 1, 1997, when China resumes the exercise of sovereignty over Hong Kong, the Service will continue to treat Hong Kong and China as two separate countries for purposes of certain bilateral agreements, the Internal Revenue Code (including subpart F), and the Income Tax Regulations.