Excerpt:

T.D. 9338, page 463.
Final regulations under sections 6038 and 6038A of the Code
clarify the information required to be furnished regarding certain
related party transactions of certain foreign corporations
and certain foreign-owned domestic corporations. The final
regulations also increase the amount of certain penalties, and
make certain other changes, to reflect the statutory changes
made by the Taxpayer Relief Act of 1997.
T.D. 9339, page 437.
REG–121475–03, page 474.
Final, temporary, and proposed regulations under section
1397E of the Code set forth guidance for state and local governments
that issue qualified zone academy bonds (QZABs)
and for banks, insurance companies, and other taxpayers that
hold those bonds. The regulations provide guidance on the
maximum term, expenditure and use of proceeds, remedial
actions, arbitrage, and reporting requirements for QZABs.
T.D. 9341, page 449.
Final regulations under section 1502 of the Code that provide
guidance with regard to the recalculation of basis and excess
loss accounts in subsidiary shares as the result of certain intercompany
transactions and on when a subsidiary stock can
be treated as worthless under section 165.
T.D. 9342, page 451.
Final regulations under section 1502 of the Code amend the
consolidated return regulations relating to the tacking rule of
the life-nonlife regulations and taxable years of members of a
consolidated group. Specifically, the regulations remove one
of the five conditions of the tacking rule (the separation condition)
and regulations section 1.1502–76(a)(2), which requires

Notes:

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