Internal Revenue Bulletins  

June 15, 1998

Internal Revenue Bulletin No. 1998-24

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. 98-29(PDF, 15K)
LIFO; price indexes; department stores. The April 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, April 30, 1998.


Announcement 98-48(PDF, 18K)
Rev. Proc. 98-26, 1998-13 I.R.B. 26, relating to the specifications for filing Form W-4, Employee's Withholding Allowance Certificate, magnetically or electronically, is corrected.


Announcement 98-52(PDF, 13K)
The organization Youth Today Leaders Tomorrow, Inc., Golden Valley, MN, no longer qualifies as an organization to which contributions are deductible under section 170 of the Code.

Announcement 98-53(PDF, 23K)
A list is given of organizations now classified as private foundations.


Announcement 98-51(PDF, 13K)
The Service is requesting comments from the public on the following proposed new forms and instructions; Form W-8, Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding; Form W-8A, Foreign Persons' Claim of Income Effectively Connected With the Conduct of a Trade or Business in the United States; Form W-8B, Certification for United States Tax Withholding for Foreign Governments and Other Foreign Organizations; and Form W-8C, Certificate of Foreign Intermediary, Foreign Partnership, and Certain U.S. Branches for United States Tax Withholding. Prior versions of the forms, without instructions, were issued in Announcement 98-15, 1998-10 IRB 36.

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