PUBLIC LAW 105-34—AUG. 5, 1997 111 STAT. 1057 tax on self-employment income) attributable to Tax Court determination in a proceeding under section 7436, and "(B) the allowance of a credit or refund of such overpay- ment is otherwise prevented by the operation of any law or rule of law other than section 7122 (relating to compromises), such credit or refund may be allowed or made if claim therefor is filed on or before the last day of the second year after the calendar year in which such determination becomes final.". (2) Subsection (a) of section 7421 is amended by striking "and 7429(b)" and inserting "7429(b), and 7436". (3) Sections 7453 and 7481(b) are each amended by striking "section 7463" and inserting "section 7436(c) or 7463". (4) The table of sections for subchapter B of chapter 76 is amended by striking the last item and inserting the following: "Sec. 7436. Proceedings for determination of employment status. "Sec. 7437. Cross references.". (c) EFFECTIVE DATE. —The amendments made by this section 26 USC 6511 shall take effect on the date of the enactment of this Act. ^°^- Subtitle D—Other Provisions SEC. 1461. EXTENSION OF DUE DATE OF FIRST QUARTER ESTIMATED TAX PAYMENT BY PRIVATE FOUNDATIONS. (a) IN GENERAL. —Paragraph (3) of section 6655(g) is amended by adding at the end the following new sentence: "In the case of a private foundation, subsection (c)(2) shall be applied by substituting 'May 15' for 'April 15'.". (b) EFFECTIVE DATE. - —The amendment made by subsection (a) 26 USC 6655 shall apply for purposes of determining underpayments of estimated note. tax for taxable years beginning after the date of the enactment of this Act. SEC. 1462. CLARIFICATION OF AUTHORITY TO WITHHOLD PUERTO RICO INCOME TAXES FROM SALARIES OF FEDERAL EMPLOYEES. (a) IN GENERAL.— Subsection (c) of section 5517 of title 5, United States Code, is amended by striking "or territory or possession" and inserting ", territory, possession, or commonwealth". (b) EFFECTIVE DATE. —The amendment made by subsection (a) 5 USC 5517 note. shall take effect on Jemuary 1, 1998. SEC. 1463. CERTAIN NOTICES DISREGARDED UNDER PROVISION INCREASING INTEREST RATE ON LARGE CORPORATE UNDERPAYMENTS. (a) GENERAL RULE.—Subparagraph (B) of section 6621(c)(2) (defining applicable date) is amended by adding at the end the following new clause: "(iii) EXCEPTION FOR LETTERS OR NOTICES INVOLV- ING SMALL AMOUNTS. —For purposes of this paragraph, any letter or notice shall be disregarded if the amount of the deficiency or proposed deficiency (or the assessment or proposed assessment) set forth in such letter or notice is not greater than $100,000 (determined by not taking into account any interest, penalties, or additions to tax).". 39-194O-97-35:QL3Part1
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