| T.D. 9108(PDF, 28K) |
|
12/30/2003 |
| Confidential Transactions |
| These final regulations modify and clarify the rules relating to confidential transactions under the Income Tax Regulations, and make minor conforming changes to the list maintenance rules under the Procedure and Administration Regulations. These regulations affect taxpayers participating in reportable transactions and persons responsible for maintaining and furnishing lists of investors in reportable transactions. |
| T.D. 9109(PDF, 33K) |
|
12/30/2003 |
| Establishing Defenses to the Imposition of the Accuracy-Related Penalty |
| This document contains final regulations that affect the defenses available to the imposition of the accuracy-related penalty when taxpayers fail to disclose reportable transactions or fail to disclose that they have taken a return position based on the conclusion that a regulation is invalid. The final regulations are intended to promote disclosure of reportable transactions and positions based on the conclusion that a regulation is invalid b y narrowing a taxpayer’s ability to establish good faith and reasonable cause as a defense. The final regulations also clarify the existing regulations with respect to the facts and circumstances to be considered in determining whether a taxpayer acted with reasonable cause and in good faith. |
| REG-122379-02(PDF, 62K) |
|
12/30/2003 |
| Regulations Governing Practice Before the Internal Revenue Service |
| This notice proposes modifications of the regulations governing practice before the Internal Revenue Service (Circular 230). These regulations affect individuals who are eligible to practice before the IRS. The proposed modifications set forth best practices for tax advisors providing advice to taxpayers relating to Federal tax issues or submissions to the IRS and modify the standards for certain tax shelter opinions. This document also provides notice of a public hearing regarding the proposed regulations. |
| T.D. 9106(PDF, 61K) |
|
12/29/2003 |
| Awards of attorney’s fees and other costs based upon qualified offers |
| This document contains final regulations relating to the qualified offer rule, including the requirements that an offer must satisfy to be treated as a qualified offer under section 7430(g) and the requirements that a taxpayer must satisfy to qualify as a prevailing party by reason of having made a qualified offer. The regulations implement certain changes made by section 3101(e) of the Internal Revenue Service Restructuring and Reform Act of 1998. The final regulations affect taxpayers seeking attorney’s fees and costs. |
| T.D. 9103(PDF, 23K) |
|
12/29/2003 |
| Information Statements for Certain Substitute Payments |
| This document contains final regulations under section 6045(d) that reflect the changes to information reporting for payments in lieu of dividends effected by the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA). These regulations provide that brokers must file information returns and furnish information statements reporting substitute payments in lieu of dividends to individuals who receive substitute payments in lieu of dividends on or after January 1, 2003. |
| T.D. 9100(PDF, 82K) |
|
12/19/2003 |
| Guidance Necessary to Facilitate Business Electronic Filing |
| This document contains regulations designed to eliminate regulatory impediments to the electronic filing of certain income tax returns and other forms. These regulations affect business taxpayers who file income tax returns electronically. The text of the temporary regulations also serves as the text of the proposed regulations set forth in the Proposed Rules section in this issue of the Federal Register. |
| T.D. 9099(PDF, 77K) |
|
12/17/2003 |
| Disclosure of Relative Values of Optional Forms of Benefit |
| This document contains final regulations that consolidate the content requirements applicable to explanations of qualified joint and survivor annuities and qualified preretirement survivor annuities payable under certain retirement plans, and specify requirements for disclosing the relative value of optional forms of benefit that are payable from certain retirement plans in lieu of a qualified joint and survivor annuity. These regulations affect plan sponsors and administrators, and participants in and beneficiaries of, certain retirement plans. |
| REG-146893-02(PDF, 314K) |
|
12/17/2003 |
| Treatment of Services Under Section 482 Allocation of Income and Deductions from Intangibles |
| This document contains proposed regulations that provide guidance regarding the treatment of controlled services transactions under section 482 and the allocation of income from intangibles, in particular with respect to contributions by a controlled party to the value of an intangible that is owned by another controlled party. |
| T.D. 9098(PDF, 18K) |
|
12/11/2003 |
| Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated Group |
| This document contains amendments to temporary regulations under section 1502 that govern the application of section 108 when a member of a consolidated group realizes discharge of indebtedness income. These temporary regulations affect corporations filing consolidated returns. The text of the temporary regulations also serves as the text of the proposed regulations set forth in the notice of proposed rulemaking on this subject in the Proposed Rules section in this issue of the Federal Register. |
| T.D. 9097(PDF, 38K) |
|
12/11/2003 |
| Arbitrage restrictions applicable to tax-exempt bonds issued by state and local governments |
| This document contains final regulations on the arbitrage restrictions applicable to tax-exempt bonds issued by state and local governments. The regulations affect issuers of tax-exempt bonds and provide a safe harbor for qualified administrative costs for broker's commissions and similar fees incurred in connection with the acquisition of guaranteed investment contracts or investments purchased for a yield restricted defeasance escrow. |
| REG-153319-03(PDF, 12K) |
|
12/11/2003 |
| Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated Group |
| Temporary regulations in the Rules and Regulations section of this issue of the Federal Register amend the Income Tax Regulations relating to section 1502. The text of those regulations also serves as the text of these proposed regulations. |
| T.D. 9096(PDF, 15K) |
|
12/3/2003 |
| Installment Payments |
| This document removes regulation §§1.6152-1 and 301.6152-1 relating to installment payments made pursuant to section 6152 of the Internal Revenue Code. These regulations are obsolete because section 6152 was repealed for tax years beginning after December 31, 1986. The removal of these regulations will not affect taxpayers. |
| REG-136890-02(PDF, 15K) |
|
11/20/2003 |
| Transfers to Provide for Satisfaction of Contested Liabilities |
| In the Rules and Regulations section of this issue of the Federal Register, the IRS is issuing temporary regulations relating to the transfer of indebtedness or stock of a taxpayer or related persons or of a promise to provide services or property in the future to provide for the satisfaction of an asserted liability that the taxpayer is contesting. |
| REG-110896-98(PDF, 42K) |
|
11/20/2003 |
| Charitable Remainder Trusts; Application of Ordering Rule |
| This document contains proposed regulations on the ordering rules of section 664(b) of the Internal Revenue Code for characterizing distributions from charitable remainder trusts. |
| T.D. 9095(PDF, 30K) |
|
11/20/2003 |
| Transfers to Provide for Satisfaction of Contested Liabilities |
| This document contains regulations relating to transfers of money or other property to provide for the satisfaction of contested liabilities. The regulations affect taxpayers that are contesting an asserted liability and that transfer their own stock or indebtedness, the stock or indebtedness of a related party, or a promise to provide services or property in the future, to provide for the satisfaction of the liability prior to the resolution of the contest. |
| REG-209817-96(PDF, 10K) |
|
11/10/2003 |
| Treatment of Obligation-Shifting Transactions |
| This document withdraws a proposed regulation relating to the treatment of certain multiple-party financing transactions in which one party realizes income from leases or other similar agreements and another party claims deductions related to that income. |
| T.D. 9094(PDF, 15K) |
|
11/10/2003 |
| Return of Partnership Income |
| This document contains final and temporary regulations that authorize the Commissioner to provide exceptions to the requirements of section 6031(a) of the Internal Revenue Code for certain partnerships by guidance published in the Internal Revenue Bulletin. The text of these temporary regulations also serves as the text of the proposed regulations set forth in the Proposed Rules section in this issue of the Federal Register. |
| REG-115472-03(PDF, 12K) |
|
11/10/2003 |
| Return of Partnership Income |
| In the Rules and Regulations section of the Federal Register, the IRS is issuing temporary regulations that authorize the Commissioner to provide exceptions to the requirements of section 6031(a) of the Internal Revenue Code for certain partnerships by guidance published in the Internal Revenue Bulletin. The text of those temporary regulations also serves as the text of these proposed regulations. The regulations generally affect both certain partnerships that invest in tax-exempt obligations and partners in those partnerships. |
| REG-146692-03(PDF, 40K) |
|
11/5/2003 |
| Mortgage Revenue Bonds |
| This document contains proposed regulations that provide guidance regarding the limitation on the effective rate of mortgage interest for purposes of mortgage revenue bonds issued by State and local governments. This document also contains a notice of public hearing on these proposed regulations. |
| T.D. 9090(PDF, 102K) |
|
11/5/2003 |
| Limitation on Use of the Nonaccrual-Experience Method of Accounting Under Section 448(d)(5) |
| This document revises temporary income tax regulations to provide guidance regarding the use of a nonaccrual-experience method of accounting by taxpayers using an accrual method of accounting and performing services. The revisions reflect changes to section 448(d)(5) of the Internal Revenue Code by the Job Creation and Worker Assistance Act of 2002. The revised temporary regulations will affect taxpayers that no longer qualify to use a nonaccrual-experience method of accounting, and qualifying taxpayers that wish to adopt or change a nonaccrualexperience method of accounting. The text of these temporary regulations also serves as the text of the proposed regulations set forth in the Proposed Rules section of this issue of the Federal Register. |
| REG-108524-00(PDF, 147K) |
|
11/5/2003 |
| Section 1446 Regulations |
| This document contains proposed regulations regarding the obligation of a partnership to pay a withholding tax on effectively connected taxable income allocable under section 704 to a foreign partner. The regulations will affect partnerships engaged in a trade or business in the United States that have one or more foreign partners. |
| REG-128203-02(PDF, 87K) |
|
10/31/2003 |
| Partnership Transactions Involving Long-Term Contracts |
| This document contains proposed regulations relating to partnership transactions involving contracts accounted for under a long-term contract method of accounting. The regulations are necessary to resolve issues that were reserved in final regulations under section 460 that were published in the Federal Register on May 15, 2002, addressing other mid-contract changes in taxpayer engaged in completing such contracts. The effect of the regulations is to explain the tax consequences of these partnership transactions. |
| T.D. 9078(PDF, 25K) |
|
10/23/2003 |
| Qualified Subchapter S Trust Election for Testamentary Trusts |
| This document contains final regulations relating to a qualified subchapter S trust election for testamentary trusts under section 1361 of the Internal Revenue Code. The Small Business Job Protection Act of 1996 and the Taxpayer Relief Act of 1997 made changes to the applicable law. |
| REG-133791-02(PDF, 42K) |
|
10/22/2003 |
| Credit for Increasing Research Activities |
| This document contains proposed regulations relating to the computation and allocation of the credit for increasing research activities for members of a controlled group of corporations or a group of trades or businesses under common control. |
| T.D. 9093(PDF, 26K) |
|
10/22/2003 |
| Special Rules for Certain Foreign Business Entities |
| This document contains final regulations providing rules regarding the application of the general entity classification rules to certain foreign business entities, in particular providing a rule that terminates the grandfathered status of certain foreign business entities upon a 50 percent change of ownership and a special rule that clarifies and further modifies the rules relating to whether the classification of certain foreign eligible entities is relevant for Federal tax purposes. |
| REG-110385-99(PDF, 12K) |
|
10/22/2003 |
| Partial Withdrawal of Proposed Regulations Relating to Changes in Entity Classification. |
| This document withdraws a portion of a notice of proposed rulemaking published on November 29, 1999, addressing certain transactions that occur within a specified period before or after a foreign entity changed its classification to disregarded entity status. |
| T.D. 9083(PDF, 220K) |
|
10/14/2003 |
| Golden Parachute Payments |
| This document contains final regulations relating to golden parachute payments under section 280G of the Internal Revenue Code. These regulations incorporate changes and clarifications to reflect comments received concerning the proposed regulations primarily concerning the small corporation exemption, prepayment of the excise tax, and the definition of change in ownership or control. |
| T.D. 9080(PDF, 25K) |
|
10/1/2003 |
| Reduction of Tax Attributes Due to Discharge of Indebtedness |
| This document contains regulations relating to the reduction of tax attributes under sections 108 and 1017 of the Internal Revenue Code. These temporary regulations affect taxpayers that exclude discharge of indebtedness income from gross income under section 108. The text of the temporary regulations also serves as the text of the proposed regulations set forth in the notice of proposed rulemaking on this subject in the Proposed Rules section in this issue of the Federal Register. |
| T.D. 9073(PDF, 31K) |
|
9/26/2003 |
| Disclosure of Return Information by Certain Officers and Employees for Investigative Purposes |
| This document contains temporary regulations relating to the disclosure of return information pursuant to section 6103(k)(6) of the Internal Revenue Code. The temporary regulations describe the circumstances under which officers or employees of the IRS, the IRS Office of Chief Counsel, and the Office of Treasury Inspector General for Tax Administration (TIGTA), in connection with official duties relating to any examination, administrative appeal, collection activity, administrative, civil, or criminal investigation, enforcement activity, ruling, negotiated agreement, prefiling activity, or other proceeding or offense under the internal revenue laws or related statutes, or in preparation for any proceeding described in section 6103(h)(2) (or investigation which may result in such a proceeding), may disclose return information to the extent necessary to obtain information relating to such official duties or to accomplish properly any activity connected with such official duties. |
| REG-112039-03(PDF, 23K) |
|
9/19/2003 |
| Distributions of Interests in a Loss Corporation from Qualified Trusts |
| This document contains proposed regulations that would modify the circumstances under which certain forms of distribution previously available are permitted to be eliminated from qualified defined contribution plans. These proposed regulations affect qualified retirement plan sponsors, administrators, and participants. |
| T.D. 9092(PDF, 169K) |
|
9/17/2003 |
| Split-Dollar Life Insurance Arrangements |
| This document contains final regulations relating to the income, employment, and gift taxation of split-dollar life insurance arrangements. The final regulations provide needed guidance to persons who enter into split-dollar life insurance arrangements. |
| REG-106736-00(PDF, 76K) |
|
9/15/2003 |
| Assumption of Partner Liabilities |
| This document contains proposed regulations relating to the definition of liabilities under section 752 of the Internal Revenue Code. These regulations provide rules regarding a partnership’s assumption of certain fixed and contingent obligations in exchange for a partnership interest and provide conforming changes to certain regulations. These regulations also provide rules under section 358(h) for assumptions of liabilities by corporations from partners and partnerships. |
| REG-140930-02(PDF, 45K) |
|
9/12/2003 |
| Testimony or Production of Records in a Court or Other Proceeding |
| This document contains proposed amendments to the existing regulation that establishes the procedures to be followed by IRS officers and employees upon receipt of a request or demand for disclosure of IRS records or information. The purpose of the proposed amendments is to provide specific instructions and to clarify when the existing regulation does not apply because more specific procedures take precedence. |
| REG-146893-02(PDF, 298K) |
|
9/10/2003 |
| Treatment of Services Under Section 482 Allocation of Income and Deductions from Intangibles |
| This document contains proposed regulations that provide guidance regarding the treatment of controlled services transactions under section 482 and the allocation of income from intangibles, in particular with respect to contributions by a controlled party to the value of an intangible that is owned by another controlled party. These proposed regulations potentially affect controlled taxpayers within the meaning of section 482. The proposed regulations provide updated guidance that is necessary to reflect economic and legal developments since the issuance of the current guidance. This document also provides a notice of public hearing on these proposed regulations. |
| REG-1150370-02(PDF, 298K) |
|
9/10/2003 |
| Treatment of Services Under Section 482 Allocation of Income and Deductions from Intangibles |
| This document contains proposed regulations that provide guidance regarding the treatment of controlled services transactions under section 482 and the allocation of income from intangibles, in particular with respect to contributions by a controlled party to the value of an intangible that is owned by another controlled party. These proposed regulations potentially affect controlled taxpayers within the meaning of section 482. The proposed regulations provide updated guidance that is necessary to reflect economic and legal developments since the issuance of the current guidance. This document also provides a notice of public hearing on these proposed regulations. |
| REG-157164-02(PDF, 15K) |
|
9/8/2003 |
| Special Depreciation Allowance |
| In the Rules and Regulations section of this issue of the Federal Register, the IRS is issuing temporary regulations relating to the depreciation of property subject to section 168 of the Internal Revenue Code (MACRS property) and the depreciation of computer software subject to section 167. Specifically, the temporary regulations provide guidance regarding the additional first year depreciation allowance provided by sections 168(k) and 1400L(b) for certain MACRS property and computer software. The text of those temporary regulations also serves as the text of these proposed regulations. This document also provides notice of a public hearing on these proposed regulations. |
| T.D. 9091(PDF, 204K) |
|
9/8/2003 |
| Special Depreciation Allowance |
| This document contains regulations relating to the depreciation of property subject to section 168 of the Internal Revenue Code (MACRS property) and the depreciation of computer software subject to section 167. Specifically, these regulations provide guidance regarding the additional first year depreciation allowance provided by sections 168(k) and 1400L(b) for certain MACRS property and computer software. The regulations reflect changes to the law made by the Job Creation and Worker Assistance Act of 2002 and the Jobs and Growth Tax Relief Reconciliation Act of 2003. The text of these temporary regulations also serves as the text of the proposed regulations set forth in the notice of proposed rulemaking on this subject in the Proposed Rules section in this issue of the Federal Register. |
| T.D. 9089(PDF, 53K) |
|
9/4/2003 |
| Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated Group. |
| This document contains temporary regulations under section 1502 that govern the application of section 108 when a member of a consolidated group realizes discharge of indebtedness income. These temporary regulations affect corporations filing consolidated returns. The text of the temporary regulations also serves as the text of the proposed regulations set forth in the notice of proposed rulemaking on this subject in the Proposed Rules section in this issue of the Federal Register. |
| REG-141402-02(PDF, 15K) |
|
9/4/2003 |
| Limitation on Use of the Nonaccrual-Experience Method of Accounting Under Section 448(d)(5) |
| In the Rules and Regulations section of this issue of the Federal Register, the IRS is issuing temporary regulations relating to the use of the nonaccrualexperience method of accounting by taxpayers using an accrual method of accounting and performing services. The text of those regulations also serves as the text of these proposed regulations. This document also provides notice of a public hearing on these proposed regulations. |
| REG-116914-03(PDF, 8K) |
|
9/4/2003 |
| Transfers of Compensatory Options |
| In the Rules and Regulations section of this issue of the Federal Register, the IRS is issuing temporary regulations relating to the sale or other disposition of compensatory nonstatutory stock options to related persons. The text of those regulations also serves as the text of these proposed regulations. |
| REG-131997-02(PDF, 39K) |
|
9/4/2003 |
| Section 42 Carryover and Stacking Rule Amendments |
| This document contains proposed regulations that amend several existing regulations concerning the low-income housing tax credit. These proposed regulations primarily reflect changes to the law made by the Community Renewal Tax Relief Act of 2000 and affect owners of low-income housing projects who claim the credit and the State or local housing credit agencies who administer the credit. This document also contains a notice of a public hearing on these proposed regulations. |
| REG-130262-03(PDF, 20K) |
|
9/4/2003 |
| Guidance Under Section 1502; Stock Basis After a Group Structure Change |
| This document contains proposed regulations under section 1502 that relate to stock basis after a group structure change. These proposed regulations affect corporations filing consolidated returns. |
| REG-132760-03(PDF, 12K) |
|
9/4/2003 |
| Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated Group |
| In the Rules and Regulations section of this issue of the Federal Register, the IRS is issuing temporary regulations that govern the application of section 108 when a member of a consolidated group realizes discharge of indebtedness income. The text of those regulations also serves as the text of these proposed regulations. |
| REG-106486-98(PDF, 112K) |
|
8/29/2003 |
| Guidance Regarding the Treatment of Certain Contingent Payment Debt Instruments with One or More Payments that Are Denominated in, or Determined by Reference to, a Nonfunctional Currency |
| This document contains proposed regulations regarding the treatment of contingent payment debt instruments for which one or more payments are denominated in, or determined by reference to, a currency other than the taxpayer's functional currency. |
| T.D. 9075(PDF, 159K) |
|
8/27/2003 |
| Compensation Deferred Under Eligible Deferred Compensation Plans |
| This document contains final regulations that provide guidance on deferred compensation plans of state and local governments and tax-exempt entities. The regulations reflect the changes made to section 457 by the Tax Reform Act of 1986, the Small Business Job Protection Act of 1996, the Taxpayer Relief Act of 1997, the Economic Growth and Tax Relief Reconciliation Act of 2001, the Job Creation and Worker Assistance Act of 2002, and other legislation. The regulations also make various technical changes and clarifications to the existing final regulations on many discrete issues. These regulations provide the public with guidance necessary to comply with the law and will affect plan sponsors, administrators, participants, and beneficiaries. |
| T.D. 9088(PDF, 55K) |
|
8/26/2003 |
| Compensatory Stock Options Under Section 482 |
| This document contains final regulations that provide guidance regarding the application of the rules of section 482 governing qualified cost sharing arrangements. These regulations provide guidance regarding the treatment of stock-based compensation for purposes of the rules governing qualified cost sharing arrangements and for purposes of the comparability factors to be considered under the comparable profits method. . |
| T.D. 9087(PDF, 150K) |
|
8/26/2003 |
| Exclusions From Gross Income of Foreign Corporations |
| This document contains final regulations implementing sections 883(a) and (c) that relate to income derived by foreign corporations from the international operation of ships or aircraft. The final regulations reflect changes made by the Tax Reform Act of 1986 and subsequent legislative amendments. |
| REG-108676-03(PDF, 9K) |
|
8/20/2003 |
| Distributions of Interests in a Loss Corporation from Qualified Trusts |
| This document contains proposed regulations under section 382 of the Internal Revenue Code of 1986. The proposed regulations affect loss corporations and provide guidance on whether a loss corporation has an ownership change where a qualified trust described in section 401(a) distributes an ownership interest in an entity. The text of the temporary regulations published in this issue of the Federal Register serves as the text of these proposed regulations. |
| REG-140378-01(PDF, 25K) |
|
8/19/2003 |
| Property Exempt from Levy |
| This document contains proposed amendments to regulations relating to property exempt from levy, currently published under Internal Revenue Code section 6334. The regulation has been revised to provide guidance with respect to the following items and reflect changes made by the IRS Restructuring and Reform Act of 1998 (RRA 98): procedures for obtaining prior judicial approval of certain principal residence levies; This document contains proposed amendments to regulations relating to property exempt from levy, currently published under Internal Revenue Code section 6334. |
| T.D. 9086(PDF, 19K) |
|
8/15/2003 |
| User Fees for Processing Offers to Compromise |
| This document contains amendments to the regulations relating to user fees to provide for the imposition of user fees for the processing of offers to compromise. The charging of user fees implements the Independent Offices Appropriations Act. |
| REG-209377-89(PDF, 19K) |
|
8/13/2003 |
| At-Risk Limitations; Interest Other Than That of a Creditor |
| This document contains proposed regulations relating to the treatment, for purposes of the at-risk limitations, of amounts borrowed from a person who has an interest in an activity other than that of a creditor or from a person related to a person (other than the borrower) with such an interest. Proposed regulations published in 1979 provide that amounts borrowed from a person who has an interest in an activity other than that of a creditor do not increase the amount at risk in certain enumerated activities. These proposed regulations extend this rule to all activities subject to the at-risk limitations. |
| T.D. 9082(PDF, 41K) |
|
8/5/2003 |
| Revision of Income Tax Regulations under Sections 897, 1445, and 6109 to require use of Taxpayer Identifying Numbers on Submissions under the Section 897 and 1445 Regulations |
| This document contains final and temporary regulations to require the use of taxpayer identifying numbers on submissions under sections 897 and 1445. The regulations are necessary to properly identify foreign taxpayers for which submissions are made for the reduction or elimination of tax under sections 897 and 1445. The regulations also address certain additional issues under section 1445. |
| T.D. 9085(PDF, 31K) |
|
8/4/2003 |
| Arbitrage and Private Activity Restrictions Applicable to Tax-exempt Bonds Issued by State and Local Governments; Investment-type Property (prepayment); Private Loan (prepayment). |
| This document contains final regulations on the arbitrage and private activity restrictions applicable to tax-exempt bonds issued by State and local governments. These regulations affect issuers of tax-exempt bonds and provide guidance on the definitions of investment-type property and private loan to help issuers comply with the arbitrage and private activity restrictions. |
| REG-208199-91(PDF, 32K) |
|
7/31/2003 |
| Suspension of Running of Period of Limitations During a Proceeding to Enforce or Quash a Designated or Related Summons |
| This document contains proposed regulations regarding the use of designated summonses and related summonses and the effect on the period of limitations on assessment when a case is brought with respect to a designated or related summons. These proposed regulations reflect changes to section 6503 of the Internal Revenue Code of 1986 made by the Omnibus Budget Reconciliation Act of 1990 and the Small Business Job Protection Act of 1996. This regulation affects corporate taxpayers that are examined under the coordinated issue case (CIC) program and are served with designated or related summonses. This regulation also affects third parties that are served with designated or related summonses for information pertaining to the corporate examination. |
| T.D. 9084(PDF, 20K) |
|
7/30/2003 |
| Dual Consolidated Loss Recapture Events |
| This document contains final regulations under section 1503(d) regarding the events that require the recapture of dual consolidated losses. These regulations are issued to facilitate compliance by taxpayers with the dual consolidated loss provisions. The regulations generally provide that certain events will not trigger recapture of a dual consolidated loss or payment of the associated interest charge. The regulations provide for the filing of certain agreements in such cases. This document also makes clarifying and conforming changes to the current regulations. |
| REG-163974-02(PDF, 21K) |
|
7/30/2003 |
| Diversification Requirements for Variable Annuity, Endowment, and Life Insurance Contracts |
| This document proposes removing provisions of the Income Tax Regulations that apply a look-through rule to assets of a nonregistered partnership for purposes of satisfying the diversification requirements of section 817(h) of the Internal Revenue Code. The Treasury Department and the IRS believe that removal of these provisions will eliminate any possible confusion regarding the prohibition on ownership of interests by the public in a nonregistered partnership funding a variable contract. |
| T.D. 9081(PDF, 50K) |
|
7/21/2003 |
| Prohibited Allocations of Securities in an S Corporation |
| This document contains temporary regulations concerning requirements for employee stock ownership plans (ESOPs) holding stock of Subchapter S corporations. The temporary regulations provide guidance on identifying disqualified persons and determining whether a plan year is a nonallocation year under section 409(p) and on the definition of synthetic equity under section 409(p)(5). These temporary regulations would generally affect plan sponsors of, and participants in, ESOPs holding stock of Subchapter S corporations. The text of the temporary regulations also serves as the text of the proposed regulations set forth in the notice of proposed rulemaking on this subject in the Proposed Rules section in this issue of the Federal Register. |
| REG-132483-03(PDF, 45K) |
|
7/21/2003 |
| Remedial Actions for Tax-exempt Bonds |
| This document contains proposed regulations that amend the final regulations that provide certain permitted remedial actions for tax-exempt bonds issued by State and local governments. This document also contains a notice of public hearing on these proposed regulations. |
| REG-162625-02(PDF, 21K) |
|
7/21/2003 |
| Real Estate Mortgage Investment Conduits; Application of Section 446 With Respect to Inducement Fees |
| This document contains proposed regulations relating to the proper timing and source of income from fees received to induce the acquisition of noneconomic residual interests in Real Estate Mortgage Investment Conduits (REMICs). The proposed regulations would apply to taxpayers who receive inducement fees in connection with becoming the holder of a noneconomic REMIC residual interest. This document also provides notice of a public hearing on the proposed regulations. |
| REG-138499-02(PDF, 56K) |
|
7/21/2003 |
| Changes in Use under Section 168(i)(5) |
| This document contains proposed regulations relating to the depreciation of property subject to section 168 of the Internal Revenue Code (MACRS property). Specifically, these proposed regulations provide guidance on how to depreciate MACRS property for which the use changes in the hands of the same taxpayer. The proposed regulations reflect changes to the law made by the Tax Reform Act of 1986. This document also provides notice of a public hearing on these proposed regulations. |
| REG-113112-03(PDF, 9K) |
|
7/18/2003 |
| Reduction of Tax Attributes Due to Discharge of Indebtedness. |
| In the Rules and Regulations section of this issue of the Federal Register, the IRS is issuing temporary regulations relating to the reduction of tax attributes under sections 108 and 1017 of the Internal Revenue Code. The temporary regulations affect taxpayers that exclude discharge of indebtedness income from gross income under section 108. The text of those regulations also serves as the text of these proposed regulations. |
| T.D. 9077(PDF, 16K) |
|
7/18/2003 |
| Net Gift Treatment under Section 2519 |
| This document contains final regulations relating both to the amount treated as a transfer under section 2519 of the Internal Revenue Code when there is a right to recover gift tax under section 2207A(b) and to the related gift and estate tax consequences if the right to recover the gift tax is not exercised. The final regulations will affect donee spouses who make lifetime dispositions of all or part of a qualifying income interest in qualified terminable interest property. |
| REG-144908-02(PDF, 21K) |
|
7/17/2003 |
| Federal Unemployment Tax Deposits—De Minimis Threshold |
| This document contains proposed regulations relating to the deposit of Federal Unemployment Tax Act (FUTA) taxes. The proposed regulations would provide an additional exception to the FUTA deposit requirements for taxpayers that qualify for the de minimis exception to the deposit requirements applicable to Federal Insurance Contribution Act (FICA) and withheld income taxes. The regulations affect small employers required to make deposits of FUTA taxes. |
| T.D. 9079(PDF, 83K) |
|
7/17/2003 |
| 10 or More Employer Plans |
| This document contains final regulations that provide rules regarding the requirements for a welfare benefit fund that is part of a 10 or more employer plan. The regulations affect certain employers that provide welfare benefits to employees through a plan to which more than one employer contributes. |
| REG-108639-99(PDF, 351K) |
|
7/17/2003 |
| Retirement plans; Cash or deferred arrangements under section 401(k) and matching contributions or employee contributions under section 401(m) Regulations |
| This document contains proposed regulations that would provide guidance for certain retirement plans containing cash or deferred arrangements under section 401(k) and providing for matching contributions or employee contributions under section 401(m). These regulations affect sponsors of plans that contain cash or deferred arrangements or provide for employee or matching contributions, and participants in these plans. This document also contains a notice of public hearing on these proposed regulations. |
| T.D. 9076(PDF, 46K) |
|
7/16/2003 |
| Special Rules Under Section 417(a)(7) for Written Explanations Provided by Qualified Retirement Plans After Annuity Starting Dates |
| This document contains final regulations relating to the special rule added by the Small Business Job Protection Act of 1996 which permits the required written explanations of certain benefits to be provided by qualified retirement plans to plan participants after the annuity starting date. These final regulations affect sponsors and administrators of qualified retirement plans, and participants in those plans. |
| T.D. 9074(PDF, 45K) |
|
7/10/2003 |
| Treatment of Community Income for Certain Individuals not Filing Joint Returns |
| This document contains final regulations relating to the treatment of community income under Internal Revenue Code section 66 for certain married individuals in community property states who do not file joint Federal income tax returns. The final regulations also reflect changes in the law made by the Internal Revenue Service Restructuring and Reform Act of 1998. |
| REG-140808-02(PDF, 12K) |
|
7/10/2003 |
| Disclosure of Return Information by Certain Officers and Employees for Investigative Purposes |
| In the Rules and Regulations section of this issue of the Federal Register, the IRS is issuing temporary regulations relating to the disclosure of return information pursuant to section 6103(k)(6) of the Internal Revenue Code. |
| REG-121122-03(PDF, 16K) |
|
7/10/2003 |
| Notarized Statements of Purchase Under Section 1042 |
| This document contains proposed amendments to the temporary regulations under section 1042 of the Internal Revenue Code of 1986. The proposed regulations would affect taxpayers making an election to defer the recognition of gain under section 1042 on the sale of stock to an employee stock ownership plan. The proposed regulations provide guidance on the notarization requirements of the temporary regulations. |
| REG-143679-02(PDF, 11K) |
|
7/9/2003 |
| Effect of Section 338(h)(10) Elections in Certain Multi-step Transactions |
| In the Rules and Regulations section of this issue of the Federal Register, the IRS is issuing temporary regulations that give effect to section 338(h)(10) elections made in certain multi-step transactions. The text of the temporary regulations published in this issue of the Federal Register also serves as the text of these proposed regulations. |
| T.D. 9071(PDF, 18K) |
|
7/9/2003 |
| Effect of Section 338(h)(10) Elections in Certain Multi-step Transactions |
| This document gives effect to section 338(h)(10) elections in certain multistep transactions. These regulations affect corporations and their shareholders. The text of the temporary regulations also serves as the text of the proposed regulations set forth in the notice of proposed rulemaking on this subject in the Proposed Rules section in this issue of the Federal Register. |
| REG-141669-02(PDF, 17K) |
|
7/9/2003 |
| Waiver of Information Reporting Penalties - Determining Whether Correction is Prompt |
| This document contains proposed regulations relating to waiver under section 6724 of the Internal Revenue Code (Code) of a penalty imposed by section 6721 for failure to file a correct information return. |
| REG-142538-02(PDF, 12K) |
|
7/9/2003 |
| Authority to charge fees for furnishing copies of exempt organizations’ material open to public inspection under IRC §6104 |
| In the Rules and Regulations section of this issue of the Federal Register, the IRS is issuing temporary regulations relating to fees for copies of exempt organizations’ material available to the public under section 6104 of the Internal Revenue Code (Code). The text of the temporary regulations also serves as the text of the proposed regulations. |
| T.D. 9070(PDF, 11K) |
|
7/9/2003 |
| Authority to charge fees for furnishing copies of exempt organizations’ material open to public inspection under IRC §6104. |
| These temporary regulations amend the existing regulations regarding fees for copies of exempt organizations’ material the IRS must make available to the public under section 6104 of the Internal Revenue Code (Code), to provide that copying fees shall be no more than under the fee schedule promulgated pursuant to the Freedom of Information Act (FOIA) by the Commissioner of Internal Revenue (Commissioner) (the “IRS’ FOIA fee schedule”). The existing regulations authorize the IRS to charge fees for such copies, but do not stipulate the amount of the fees. These temporary regulations also make a conforming amendment to the existing regulation concerning the fees that an exempt organization may charge for furnishing copies of such material when required to do so, to provide that these fees shall be no more than the per-page copying fee – without regard to any otherwise applicable fee exclusion for the first 100 pages – under the IRS’ FOIA fee schedule. The text of these temporary regulations also serves as the text of the proposed regulations set forth in the notice of proposed rulemaking on this subject in the Proposed Rules section of this issue of the Federal Register. |
| T.D. 9068(PDF, 16K) |
|
7/7/2003 |
| Definition of Guaranteed Annuity and Lead Unitrust Interests |
| This document amends the income, estate, and gift tax regulations to conform to the Tax Court’s decision in Estate of Boeshore v. Commissioner, 78 T.C. 523 (1982), acq. in result, 1987-2 C.B. 1. In Estate of Boeshore, the Tax Court held § 20.2055-2(e)(2)(vi)(e) of the Estate Tax Regulations invalid to the extent that it disallows a deduction for the value of a charitable unitrust interest if the charitable interest is preceded by a noncharitable interest that is in the form of a unitrust interest. This action is necessary to conform the income, estate, and gift tax regulations to the Tax Court’s decision in Estate of Boeshore. The effect of these regulations is to allow an income, estate, or gift tax charitable deduction for charitable annuity or unitrust interests that are preceded by a noncharitable unitrust or annuity interest. |
| T.D. 9069(PDF, 12K) |
|
7/7/2003 |
| Depreciation of Vans and Light Trucks |
| This document contains temporary regulations relating to the definition of passenger automobiles for purposes of section 280F(a). These temporary regulations affect certain taxpayers that use vans and light trucks in their trade or business. |
| REG-138495-02(PDF, 9K) |
|
7/7/2003 |
| Depreciation of Vans and Light Trucks |
| In the Rules and Regulations section of this issue of the Federal Register, the IRS is issuing temporary regulations that modify the existing regulations promulgated under section 280F(a) of the Internal Revenue Code relating to limitations on the depreciation allowance for passenger automobiles. The temporary regulations, which amend the definition of passenger automobiles for purposes of section 280F(a), affect certain taxpayers that use vans and light trucks in their trade or business. The text of the temporary regulations also serves as the text of these proposed regulations. |
| T.D. 9067(PDF, 12K) |
|
7/2/2003 |
| Transfers of Compensatory Options |
| This document contains regulations that provide rules governing transfers of certain compensatory stock options (nonstatutory stock options). The regulations affect persons who have been granted nonstatutory stock options, as well as service recipients who may be entitled to deductions related to the options. The text of the temporary regulations also serves as the text of the proposed regulations on this subject in the Proposed Rules section in this issue of the Federal Register. |
| REG-139796-02(PDF, 12K) |
|
7/2/2003 |
| Section 704(b) and Capital Account Revaluations |
| This document contains proposed regulations relating to the capital account maintenance rules under section 704 of the Internal Revenue Code. These regulations expand the rules regarding a partnership’s right to adjust capital accounts to reflect unrealized appreciation and depreciation in the value of partnership assets. |
| T.D. 9066(PDF, 13K) |
|
7/2/2003 |
| Outbound Liquidations into Foreign Corporations |
| This document contains final regulations that provide guidance regarding the application of section 367(e)(2) to certain outbound liquidations. The regulations amend the anti-abuse rule of '1.367(e)-2(d) by narrowing the scope of the rule to apply only to outbound transfers to a foreign corporation in a complete liquidation of a domestic corporation in which a principal purpose of the liquidation is the avoidance of U.S. tax. The regulations also clarify the application of the anti-abuse rule in '1.367(e)-2(b)(2)(iii)(C)(1). |
| T.D. 9065(PDF, 15K) |
|
7/1/2003 |
| Section 6038 – Returns required with respect to controlled foreign partnerships |
| This document contains a final regulation relating to controlled foreign partnerships. This document requires that the United States partner must follow the filing requirements that are specified in the instructions for Form 8865. |
| T.D. 9064(PDF, 9K) |
|
7/1/2003 |
| Substantiation of Incidental Expenses |
| This document contains amendments to regulations relating to the requirement under section 274 of the Internal Revenue Code to substantiate business expenses for traveling while away from home. The regulations affect taxpayers who deduct expenditures for incidental expenses while traveling away from home. This document also contains amendments to regulations under section 62 to conform cross-references. |
| T.D. 9063(PDF, 20K) |
|
6/27/2003 |
| Distributions of Interests in a Loss Corporation from Qualified Trusts |
| This document contains temporary regulations under section 382 of the Internal Revenue Code of 1986. The temporary regulations affect loss corporations and provide guidance on whether a loss corporation has an ownership change where a qualified trust described in section 401(a) distributes an ownership interest in an entity. The text of these temporary regulations also serves as the text of the proposed regulations set forth in the notice of proposed rulemaking on this subject in the Proposed Rules section in this issue of the Federal Register. |
| T.D. 9072(PDF, 219K) |
|
6/27/2003 |
| Catch-Up Contributions for Individuals Age 50 or Older |
| This document contains final regulations that provide guidance concerning the requirements for retirement plans providing catch-up contributions to individuals age 50 or older pursuant to the provisions of section 414(v). These final regulations affect section 401(k) plans, section 408(p) SIMPLE IRA plans, section 408(k) simplified employee pensions, section 403(b) tax-sheltered annuity contracts, and section 457 eligible governmental plans, and affect participants eligible to make elective deferrals under these plans or contracts. |
| T.D. 9062(PDF, 19K) |
|
6/24/2003 |
| Assumption of Partner Liabilities |
| This document contains temporary regulations regarding a partnership’s assumption of a partner’s liabilities in a transaction occurring after October 18, 1999, and before June 24, 2003. These temporary regulations affect partners and partnerships and clarify the tax treatment of an assumption by a partnership of a partner’s liability. The text of these temporary regulations also serves as the text of the proposed regulations set forth in a notice of proposed rulemaking on this subject in the Proposed Rules section of this issue of the Federal Register. |
| REG-107618-02(PDF, 42K) |
|
6/11/2003 |
| Automatic Extension of Time to File Certain Information Returns and Exempt Organization Returns |
| In the Rules and Regulations section of this issue of the Federal Register, the IRS is issuing temporary regulations providing an automatic extension of time to file certain information returns and exempt organization returns. The text of those regulations also serves as the text of these proposed regulations. |
| T.D. 9061(PDF, 21K) |
|
6/11/2003 |
| Automatic Extension of Time to File Certain Information Returns and Exempt Organization Returns |
| This document contains temporary regulations providing an automatic extension of time to file certain information returns and exempt organization returns. The temporary regulations remove the requirement for a signature and an explanation to obtain an automatic extension of time to file these returns. The temporary regulations affect taxpayers who are required to file certain information returns and/or exempt organization returns and need an extension of time to file. The text of the temporary regulations also serves as a portion of the text of the proposed regulations set forth in the notice of proposed rulemaking on this subject in the Proposed Rules section in this issue of the Federal Register. |
| T.D. 9059(PDF, 38K) |
|
6/9/2003 |
| Coordination of sections 755 and 1060; Allocation of basis adjustments among partnership assets and application of the residual method to certain partnership transactions |
| This document finalizes regulations relating to the allocation of basis adjustments among partnership assets under section 755. The regulations are necessary to implement section 1060, which applies the residual method to certain partnership transactions. |
| REG-122917-02(PDF, 161K) |
|
6/9/2003 |
| Statutory Options |
| This document contains proposed regulations relating to statutory options. These proposed regulations affect certain taxpayers who participate in the transfer of stock pursuant to the exercise of incentive stock options and the exercise of options granted pursuant to an employee stock purchase plan (statutory options). These proposed regulations provide guidance to assist these taxpayers in complying with the law in addition to clarifying rules regarding statutory options. This document also withdraws a previous notice of proposed rulemaking. |
| REG-103809-03(PDF, 10K) |
|
6/6/2003 |
| Disclosure of Return Information to the Department of Agriculture |
| The IRS is issuing regulations to incorporate and clarify the phrase “return information reflected on returns” in conformance with the terms of section 6103(j)(5) of the Internal Revenue Code (Code). These temporary regulations also remove certain items of return information that the IRS currently discloses, but the Department of Agriculture no longer needs, for conducting the census of agriculture. The text of the temporary regulations published in the Rules and Regulations section of this issue of the Federal Register serves as the text of the proposed regulations. |
| T.D. 9060(PDF, 16K) |
|
6/6/2003 |
| Disclosure of Return Information to the Department of Agriculture |
| This document contains regulations that incorporate and clarify the phrase “return information reflected on returns” in conformance with the terms of section 6103(j)(5) of the Internal Revenue Code (Code). These temporary regulations also remove certain items of return information that the IRS currently discloses, but the Department of Agriculture no longer needs, for conducting the census of agriculture. The text of the temporary regulations serves as the text of the proposed regulations set forth in the notice of proposed rulemaking on this subject in the Proposed Rules section of this issue of the Federal Register. |
| REG-164754-01(PDF, 32K) |
|
5/9/2003 |
| Split-Dollar Life Insurance Arrangements |
| This document contains proposed regulations relating to the valuation of economic benefits under certain equity split-dollar life insurance arrangements. The proposed regulations will provide needed guidance to persons who enter into split-dollar life insurance arrangements. This document also provides notice of a public hearing on the proposed regulations. |
| T.D. 9052(PDF, 92K) |
|
4/9/2003 |
| Notice of Significant Reduction in the Rate of Future Benefit Accrual |
| This document contains final regulations providing guidance on the notification requirements under section 4980F of the Internal Revenue Code (Code) and section 204(h) of the Employee Retirement Income Security Act of 1974 (ERISA). Under these final regulations, a plan administrator must give notice of a plan amendment to certain plan participants and beneficiaries when the plan amendment provides for a significant reduction in the rate of future benefit accrual or the elimination or significant reduction in an early retirement benefit or retirement-type subsidy. |
| REG-141097-02(PDF, 9K) |
|
4/1/2003 |
| Excise Taxes; Communications Services, Distance Sensitivity |
| This document contains proposed regulations relating to the definition of toll telephone service for purposes of the communications excise tax. These regulations affect providers and purchasers of communications services. |
| T.D. 9051(PDF, 19K) |
|
4/1/2003 |
| Diesel Fuel; Blended Taxable Fuel |
| This document contains final regulations relating to the tax on diesel fuel and the tax on blended taxable fuel. This document also makes clerical and clarifying changes to other excise tax regulations. These regulations affect persons that remove, enter, or sell diesel fuel or remove or sell blended taxable fuel. |
| T.D. 9050(PDF, 39K) |
|
3/25/2003 |
| Civil Cause of Action for Damages Caused by Unlawful Tax Collection Actions, Including Actions Taken in Violation of Section 362 or 524 of the Bankruptcy Code |
| This document contains final regulations relating to civil causes of action for damages caused by unlawful collection actions of officers and employees of the IRS and the awarding of costs and certain fees. The regulations reflect amendments made by the Taxpayer Bill of Rights 2 and the Internal Revenue Service Restructuring and Reform Act of 1998. The regulations affect all persons who suffer damages caused by unlawful collection actions of officers or employees of the IRS. |
| T.D. 9047(PDF, 56K) |
|
3/18/2003 |
| Certain Transfers of Property to Regulated Investment Companies [RICs] and Real Estate Investment Trusts [REITs] |
| This document contains final regulations that apply to certain transactions or events that result in a Regulated Investment Company [RIC] or a Real Estate Investment Trust [REIT] owning property that has a basis determined by reference to a C corporation’s basis in the property. These regulations affect RICs, REITs, and C corporations and clarify the tax treatment of transfers of C corporation property to a RIC or REIT. |
| T.D. 9049(PDF, 14K) |
|
3/18/2003 |
| Amendments to Rules for Determination of Basis of Partner’s Interest; Special Rules |
| This document contains final regulations relating to special rules on determination of basis of a partner’s interest under section 705. The final regulations are necessary to coordinate sections 705 and 1032. |
| T.D. 9044(PDF, 14K) |
|
3/12/2003 |
| Amendment of 26 CFR §301.6103(n)-1 to Incorporate Taxpayer Browsing Protection Act |
| This final regulation requires persons to whom returns or return information is or may be disclosed as authorized by §301.6103(n)-1(a) (generally, contractors employed to perform tax administration services) to notify their officers and employees of the prohibitions against and penalties for unauthorized inspection of returns or return information. |
| T.D. 9043(PDF, 21K) |
|
3/10/2003 |
| Disallowance of Deductions and Credits for Failure to File Timely Return |
| This document contains final regulations relating to the disallowance of deductions and credits for nonresident alien individuals and foreign corporations (collectively, foreign taxpayers) that fail to file a timely U.S. income tax return. The regulations affect foreign taxpayers that fail to file a return by the appropriate deadlines. |
| T.D. 9045(PDF, 12K) |
|
3/6/2003 |
| Earned income credit for taxable years beginning after December 31, 1978 |
| This document contains final regulations relating to the earned income credit. The regulations reflect changes in the law since the existing regulations were published in the Federal Register on March 13, 1980. Due to subsequent statutory changes in the applicable tax law, substantial portions of the regulations are no longer in conformity with current law. Accordingly, portions of the existing regulations are removed. These regulations apply to individual taxpayers claiming the earned income credit. |
| T.D. 9046(PDF, 115K) |
|
3/4/2003 |
| Tax Shelter Regulations |
| These regulations finalize the rules relating to the filing by certain taxpayers of a disclosure statement with their Federal tax returns under section 6011(a), the rules relating to the registration of confidential corporate tax shelters under section 6111(d), and the rules relating to the list maintenance requirements under section 6112. These regulations affect taxpayers participating in reportable transactions, persons responsible for registering confidential corporate tax shelters, and organizers and sellers of potentially abusive tax shelters. |
| REG-104385-01(PDF, 20K) |
|
3/4/2003 |
| Application of Normalization Accounting Rules to Balances of Excess Deferred Income Taxes and Accumulated Deferred Investment Tax Credits of Public Utilities Whose Generation Assets Cease to be Public Utility Property |
| This document contains proposed regulations that provide guidance on the normalization requirements applicable to electric utilities that benefit (or have benefitted) from accelerated depreciation methods or from the investment tax credit permitted under pre-1991 law. |
| T.D. 9042(PDF, 25K) |
|
2/19/2003 |
| Excise Tax Relating to Structured Settlement Factoring Transactions |
| This document contains temporary regulations relating to the manner and method of reporting and paying the nondeductible 40-percent excise tax imposed on any person who acquires structured settlement payment rights in a structured settlement factoring transaction. The Victims of Terrorism Tax Relief Act of 2001 added this excise tax to the Internal Revenue Code of 1986. The text of the temporary regulations also serves as the text of the proposed regulations set forth in the notice of proposed rulemaking on this subject in the Proposed Rules section in this issue of the Federal Register. |
| REG-139768-02(PDF, 15K) |
|
2/19/2003 |
| Excise Tax Relating to Structured Settlement Factoring Transactions |
| In the Rules and Regulations section of this issue of the Federal Register, the IRS is issuing temporary regulations relating to the manner and method of reporting and paying the 40-percent excise tax imposed on any person who acquires structured settlement payment rights in a structured settlement factoring transaction. The text of those regulations also serves as the text of these proposed regulations. |
| T.D. 9041(PDF, 10K) |
|
1/31/2003 |
| Taxpayer Identification Number (TIN) Matching Program |
| This document contains final and temporary regulations under section 3406 relating to the IRS Taxpayer Identification Number (TIN) Matching Program. These final and temporary regulations affect payors, and their authorized agents, and provide guidance necessary to comply with the law. The text of the temporary regulations also serves as the text of the proposed regulations set forth in the Proposed Rules section published elsewhere in this issue of the Federal Register. |
| T.D. 9040(PDF, 35K) |
|
1/31/2003 |
| Guidance Necessary to Facilitate Electronic Tax Administration |
| This document contains final regulations that eliminate regulatory impediments to the electronic filing of Form 1040, U.S. Individual Income Tax Return. These regulations affect taxpayers who file Form 1040 and who are required to file any of the following forms: Form 56, Notice Concerning Fiduciary Relationship; Form 2120, Multiple Support Declaration; Form 2439, Notice to Shareholder of Undistributed Long-Term Capital Gains; Form 3468, Investment Credit; and Form T (Timber), Forest Activities Schedules. |
| T.D. 9039(PDF, 17K) |
|
1/31/2003 |
| Guidance Regarding the Definition of Foreign Personal Holding Company Income |
| This document contains final regulations that provide that gain or loss arising from certain commodities hedging transactions and currency gain or loss arising from certain interest-bearing liabilities do not constitute (or are not netted against) foreign personal holding company income. This treatment is implemented because the applicable commodities hedging transactions and interest-bearing liabilities typically offset transactions that do not generate foreign personal holding company income. DATES: Effective Date: These regulations are effective on January 31, 2003. |
| REG-116641-01(PDF, 27K) |
|
1/31/2003 |
| Information Reporting and Backup Withholding for Payment Card Transactions |
| In the Rules and Regulation section of this issue of the Federal Register, the IRS is issuing temporary regulations relating to the IRS Taxpayer Identification Number (TIN) Matching Program. The text of the temporary regulations published in the Rules and Regulations section of this issue of the Federal Register serves as the text of this portion of the proposed regulations. |
| REG-126485-01(PDF, 11K) |
|
1/24/2003 |
| Statutory Mergers and Consolidations |
| In the Rules and Regulations section of this issue of the Federal Register, the IRS is issuing temporary regulations relating to transactions involving corporations engaging in statutory mergers and consolidations. |
| T.D. 9038(PDF, 30K) |
|
1/24/2003 |
| Statutory Mergers and Consolidations |
| This document contains temporary regulations that define the term statutory merger or consolidation as that term is used in section 368(a)(1)(A). These regulations affect corporations engaging in statutory mergers and consolidations, and their shareholders. The text of the temporary regulations also serves as the text of the proposed regulations set forth in the notice of proposed rulemaking on this subject in the Proposed Rules section in this issue of the Federal Register. DATES: Effective Date: These regulations are effective January 24, 2003. |
| REG-103580-02(PDF, 118K) |
|
1/22/2003 |
| Noncompensatory Partnership Options |
| This document contains proposed regulations relating to the tax treatment of noncompensatory options and convertible instruments issued by a partnership. The proposed regulations generally provide that the exercise of a noncompensatory option does not cause the recognition of immediate income or loss by either the issuing partnership or the option holder. |
| T.D. 9036(PDF, 13K) |
|
1/21/2003 |
| Disclosure of Returns and Return Information by Other Agencies |
| This document contains a final regulation relating to the disclosure of returns and return information by Federal, state and local agencies other than the IRS. The final regulation permits the IRS to authorize agencies with access to returns and return information under section 6103 of the Internal Revenue Code (Code) to redisclose returns and return information, with the approval of the Commissioner of Internal Revenue (Commissioner), to any authorized recipient set forth in section 6103, subject to the same conditions and restrictions, and for the same purposes, as if the recipient had received the information from the IRS directly. |
| T.D. 9037(PDF, 30K) |
|
1/21/2003 |
| Disclosure of Return Information to the Bureau of the Census |
| This document contains regulations relating to the list of items of tax information disclosed to the Bureau of the Census. These regulations reflect an agreement between the IRS and the Bureau of the Census as to items of tax information needed to more effectively meet the Bureau of the Census’ program objectives as authorized under chapter 5 of title 13, United States Code (U.S.C.), including the Longitudinal Employer-Household Dynamics (LEHD) project and the Survey of Income and Program Participation (SIPP) project. |
| REG-209500-86(PDF, 123K) |
|
1/17/2003 |
| Reductions of Accruals and Allocations Because of the Attainment of Any Age; Application of Nondiscrimination Cross-Testing Rules to Cash Balance Plans |
| This document contains proposed regulations that would provide rules regarding the requirements that accruals or allocations under certain retirement plans not cease or be reduced because of the attainment of any age. In addition, the proposed regulations would provide rules for the application of certain nondiscrimination rules to cash balance plans. |
