2001 Notices
A "Notice" is a public pronouncement that may contain guidance that involves substantive interpretations of the Code or other provisions of law. Notices may also be used for documents that would be appropriate for an "Announcement", but for the need to preserve the guidance in the Cumulative Bulletin, published twice a year. For example, "notices" can be used to relate what regulations will say in situations where the regulations may not be published in the immediate future. All notices published in the weekly IRB are also published in the Cumulative Bulletin.
Under Revenue Ruling 90-91, "for purposes of applying the substantial understatement portion of the accuracy-related penalty, ...all notices and announcements issued by the Service and published in the Internal Revenue Bulletin are considered authority and may be relied upon to the same extent as a revenue ruling or revenue procedure."
Notices are in the Adobe Acrobat PDF format.
Internal Revenue Bulletin Summary pages are in HTML format.
| Notices |
Bulletin |
Date of IRB |
 |
| Notice 2001-84(PDF, 15K) |
IRB #2001-53(HTML) |
Dec. 31, 2001 |
| Retirement plans; year 2002 section 415(d) limitations. This notice sets forth certain limitations reset and established by EGTRRA as well as cost-of-living adjustments effective January 1, 2002, applicable to the dollar limits on benefits under qualified defined benefit pension plans and to other provisions affecting (1) certain plans of deferred compensation, and (2) "control employees." |
| Notice 2001-83(PDF, 12K) |
IRB #2001-52(HTML) |
Dec. 26, 2001 |
| This notice provides tables that show the amount of an individual's income that is exempt from a notice of levy used to collect delinquent tax in 2002. |
| Notice 2001-82(PDF, 25K) |
IRB #2001-52(HTML) |
Dec. 26, 2001 |
| This notice extends the safe harbor provisions of Notice 88-129 under section 118 of the Code to include transfers of interties from non-Qualifying Facilities and certain other transactions. Notices 88-129 and 90-60 amplified and modified. |
| Notice 2001-81(PDF, 29K) |
IRB #2001-52(HTML) |
Dec. 26, 2001 |
| This notice provides guidance regarding recordkeeping, reporting, and other requirements applicable to qualified tuition programs described in section 529 of the Code. |
| Notice 2001-80(PDF, 8K) |
IRB #2001-52(HTML) |
Dec. 26, 2001 |
| Weighted average interest rate update. The weighted average interest rate for December 2001 and the resulting permissible range of interest rates used to calculate current liability for purposes of the full funding limitation of section 412(c)(7) of the Code are set forth. |
| Notice 2001-79(PDF, 18K) |
IRB #2001-50(HTML) |
Dec. 10, 2001 |
| Rent holidays for commercial aircraft leases. In the case of certain aircraft leases entered into or modified between September 11, 2001, and June 28, 2002, certain rent holidays will be disregarded in applying the uneven rent test of section 1.467-3(c)(4) of the regulations. |
| Notice 2001-78(PDF, 11K) |
IRB #2001-50(HTML) |
Dec. 10, 2001 |
| This document provides guidance to charities regarding payments made by reason of the death, injury, or wounding of an individual incurred as a result of the September 11, 2001, terrorist attacks against the United States. |
| Notice 2001-77(PDF, 12K) |
IRB #2001-50(HTML) |
Dec. 10, 2001 |
| This notice relates to deposits of air transportation excise taxes by eligible air carriers under section 6302 of the Code. |
| Notice 2001-76(PDF, 42K) |
IRB #2001-52(HTML) |
Dec. 26, 2001 |
| Proposed revenue procedure regarding the cash method. This notice provides a proposed revenue procedure under section 446 of the Code that would permit the eligible trades or businesses of qualifying taxpayers to use the cash method of accounting as described in the procedure. |
| Notice 2001-75(PDF, 12K) |
IRB #2001-51(HTML) |
Dec. 17, 2001 |
| Equity investment prior to new markets tax credit allocation. An equity investment in an entity will be eligible to be designated as a qualified equity investment under section 45D(b)(1) of the Code if (1) the equity investment is made on or after April 20, 2001, (2) the entity in which the equity investment is made is certified by Treasury's Community Development Financial Institutions Fund (CDFI Fund) as a qualified community development entity under section 45D(c)(1) before January 1, 2003, (3) the entity in which the equity investment is made receives notification of a credit allocation (with the actual receipt of such credit allocation contingent upon subsequently entering into an allocation agreement) from the CDFI Fund before January 1, 2003, and (4) the equity investment otherwise satisfies the requirements of section 45D. |
| Notice 2001-74(PDF, 19K) |
IRB #2001-49(HTML) |
Dec. 3, 2001 |
| Depreciation, mid-quarter convention relief. This document supplements the tax relief granted in Notice 2001-70 (2001-45 I.R.B. 437) published November 5, 2001, by expanding the class of taxpayers entitled to the relief and clarifying the instructions for making the election provided under Notice 2001-70. |
| Notice 2001-73(PDF, 28K) |
IRB #2001-49(HTML) |
Dec. 3, 2001 |
| This document proposes rules of administrative convenience regarding application of the Federal Insurance Contributions Act (FICA) and Federal Unemployment Tax Act (FUTA) to statutory stock options. This document also requests comments as to the proposed rules, and expresses the intent to issue a notice with final rules to accompany the issuance of final regulations addressing the application of FICA, FUTA, and income tax withholding to statutory stock options. |
| Notice 2001-72(PDF, 18K) |
IRB #2001-49(HTML) |
Dec. 3, 2001 |
| This document proposes rules regarding income tax withholding and reporting obligations upon the sale or disposition of stock acquired pursuant to the exercise of a statutory stock option. This document also requests comments as to the proposed rules, and expresses the intent to issue a notice with final rules to accompany the issuance of final regulations addressing the application of the Federal Insurance Contributions Act (FICA), Federal Unemployment Tax Act (FUTA), and income tax withholding to statutory stock options. |
| Notice 2001-71(PDF, 11K) |
IRB #2001-48(HTML) |
Nov. 26, 2001 |
| Weighted average interest rate update. The weighted average interest rate for November 2001 and the resulting permissible range of interest rates used to calculate current liability for purposes of the full funding limitation of section 412(c)(7) of the Code are set forth. |
| Notice 2001-70(PDF, 13K) |
IRB #2001-45(HTML) |
Nov. 5, 2001 |
| Additional disaster relief for taxpayers on account of the September 11, 2001, terrorist attack; depreciation, mid-quarter convention relief. This notice announces that the Treasury Department and the IRS intend to issue regulations permitting taxpayers to elect not to apply the mid-quarter convention rules contained in section 168(d)(3) of the Code to certain property placed in service in the tax year that includes September 11, 2001. This notice also provides guidance on making the election before regulations are issued. |
| Notice 2001-69(PDF, 11K) |
IRB #2001-46(HTML) |
Nov. 13, 2001 |
| Leave-based donation programs. This notice provides interim guidance on the application of federal income and employment taxes to, and the proper reporting of, payments by employers under certain leave-based donation programs established in the aftermath of the September 11, 2001, terrorist attacks. |
| Notice 2001-68(PDF, 62K) |
IRB #2001-47(HTML) |
Nov. 19, 2001 |
| This notice supplements the tax relief granted in Notice 2001-61 (2001-40 I.R.B. 305) for taxpayers affected by the September 11, 2001, terrorist attacks by clarifying and expanding the definition of affected taxpayer, listing additional acts for which a postponement is granted, and providing other relief. |
| Notice 2001-67(PDF, 50K) |
IRB #2001-49(HTML) |
Dec. 3, 2001 |
| LMSB Fast Track Dispute Resolution Pilot Program. This document announces the LMSB Fast Track Dispute Resolution Pilot Program, under which large and mid-size business taxpayers, with the assistance of the IRS Office of Appeals, may expedite case resolution at the lowest level within the IRS's Large and Mid-Size Business organization (LMSB). |
| Notice 2001-66(PDF, 97K) |
IRB #2001-44(HTML) |
Oct. 29, 2001 |
| This notice requests comments on and contains proposed audit guidelines for qualified intermediaries (Qls). These Qls are a key component of the withholding and reporting regulations that became effective on January 1, 2001 (T.D. 8734, 1997-2 C.B. 109 and T.D. 8881, 2000-23 I.R.B. 1158). |
| Notice 2001-65(PDF, 9K) |
IRB #2001-43(HTML) |
Oct. 22, 2001 |
| Weighted average interest rate update. The weighted average interest rate for October 2001 and the resulting permissible range of interest rates used to calculate current liability for purposes of the full funding limitation of section 412(c)(7) of the Code are set forth. |
| Notice 2001-64(PDF, 8K) |
IRB #2001-41(HTML) |
Oct. 9, 2001 |
| This notice solicits comments concerning the scope and substance of proposed regulations under section 707(a)(2)(B) of the Code. Comments must be received by March 31, 2002. |
| Notice 2001-63(PDF, 8K) |
IRB #2001-40(HTML) |
Oct. 1, 2001 |
| This notice provides additional tax relief under sections 6081, 6161, and 7508A of the Code for taxpayers, regardless of their location, on account of events related to the September 11, 2001, terrorist attack. |
| Notice 2001-62(PDF, 16K) |
IRB #2001-40(HTML) |
Oct. 1, 2001 |
| Timely filing or payment; private delivery services. An updated list of designated private delivery services (PDSs) is provided for purposes of section 7502 of the Code. Two new delivery services are added to the list. This notice also provides a new address for a PDS to use to submit its application for designation. The new address will also be used to request administrative review of a letter of denial of designation, appeal a letter confirming the denial of designation, provide written notification of any change in application information, and appeal a proposed revocation letter. Rev. Proc. 97-19 modified. Notice 99-41 modified and superseded. |
| Notice 2001-61(PDF, 22K) |
IRB #2001-40(HTML) |
Oct. 1, 2001 |
| This notice provides tax relief under sections 6081, 6161, and 7508A of the Code for taxpayers affected by the September 11, 2001, terrorist attack, which included the destruction of the two World Trade Center towers and other buildings in the World Trade Center complex, damage to the Pentagon, and the airplane crash in Pennsylvania on Tuesday, September 11, 2001. |
| Notice 2001-60(PDF, 17K) |
IRB #2001-40(HTML) |
Oct. 1, 2001 |
| This notice provides information about a closing agreement program for tax-exempt bonds (TEB VCAP). TEB VCAP provides a mechanism whereby issuers of tax-exempt bonds who come forward on a voluntary basis can resolve violations of the Code by entering into closing agreements with the Service. Comments are requested on TEB VCAP and on how the Service can expand its efforts to encourage compliance with the Code. |
| Notice 2001-59(PDF, 16K) |
IRB #2001-41(HTML) |
Oct. 9, 2001 |
| Interest allocation. The IRS and the Treasury Department are soliciting comments on the appropriate method for allocating interest to certain types of financial positions that may constitute integrated financial transactions. |
| Notice 2001-58(PDF, 14K) |
IRB #2001-39(HTML) |
Sept. 24, 2001 |
| Weighted average interest rate update. The weighted average interest rate for September 2001 and the resulting permissible range of interest rates used to calculate current liability for purposes of the full funding limitation of section 412(c)(7) of the Code are set forth. |
| Notice 2001-57(PDF, 60K) |
IRB #2001-38(HTML) |
Sept. 17, 2001 |
| Qualified plans; sample EGTRRA plan amendments. This notice sets forth various sample amendments that may be adopted by qualified plan sponsors as "good faith" plan amendments to reflect certain changes made by the Economic Growth Tax Relief and Reconciliation Act of 2001 (EGTRRA). Notice 2001-42 modified. |
| Notice 2001-56(PDF, 24K) |
IRB #2001-38(HTML) |
Sept. 17, 2001 |
| EGTRRA effective dates; compensation limit; top-heavy determination date; section 401(k) hardship distribution. This notice provides guidance relating to the effective dates for sections of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) relating to (1) the increase in the compensation limit of section 401(a)(17) of the Code, (2) the modification to the top-heavy rules of section 416 of the Code, and (3) the suspension period for hard-ship distributions from a section 401(k) plan. Notice 98-52 modified. |
| Notice 2001-55(PDF, 13K) |
IRB #2001-39(HTML) |
Sept. 24, 2001 |
| This notice provides guidance to section 529 qualified tuition programs and to program participants regarding the restriction on investment direction described in section 529(b)(5) of the Code. |
| Notice 2001-54(PDF, 11K) |
IRB #2001-37(HTML) |
Sept. 10, 2001 |
| 2001 enhanced oil recovery credit. The enhanced oil recovery credit for taxable years beginning in the 2001 calendar year is determined without regard to the phase-out for crude oil price increases provided in section 43(b) of the Code. |
| Notice 2001-53(PDF, 9K) |
IRB #2001-37(HTML) |
Sept. 10, 2001 |
| 2001 marginal production rates. This notice announces the applicable percentage under section 613A of the Code to be used in determining percentage depletion for marginal properties for the 2001 calendar year. |
| Notice 2001-52(PDF, 10K) |
IRB #2001-35(HTML) |
Aug. 27, 2001 |
| Weighted average interest rate update. The weighted average interest rate for August 2001 and the resulting permissible range of interest rates used to calculate current liability for purposes of the full funding limitation of section 412(c)(7) of the Code are set forth. |
| Notice 2001-51(PDF, 19K) |
IRB #2001-34(HTML) |
Aug. 20, 2001 |
| Listed transactions. This notice updates a listing of certain transactions that the Service has determined are tax avoidance transactions and identifies them as "listed transactions" for purposes of sections 1.6011-4T(b)(2) and 301.6111-2T(b)(2) of the temporary regulations. Notice 2000-15 supplemented and superseded. |
| Notice 2001-50(PDF, 18K) |
IRB #2001-34(HTML) |
Aug. 20, 2001 |
| This notice provides guidance regarding requests for an extension of time to make an allocation of generation-skipping transfer (GST) exemption under sections 2642(b)(1) and (2) of the Code. It also provides guidance regarding requests for an extension of time to make GST elections under sections 2632(b)(3) and 2632(c)(5). |
| Notice 2001-49(PDF, 18K) |
IRB #2001-34(HTML) |
Aug. 20, 2001 |
| This notice proposes a revenue procedure that sets forth a safe harbor under which an issue of tax or revenue anticipation bonds will not be treated as outstanding longer than is reasonably necessary to accomplish the governmental purposes of the bonds under section 1.148-10(a)(4) of the regulations. The proposed procedure will apply to bonds sold after the date the procedure is published in the Internal Revenue Bulletin in final form. However, issuers may rely on the proposed procedure with respect to any issue of tax or revenue anticipation bonds that is sold before the effective date of the proposed revenue procedure and on or after August 3, 2001. |
| Notice 2001-48(PDF, 10K) |
IRB #2001-33(HTML) |
Aug. 13, 2001 |
| Weighted average interest rate update. The weighted average interest rate for July 2001 and the resulting permissible range of interest rates used to calculate current liability for purposes of the full funding limitation of section 412(c)(7) of the Code are set forth. |
| Notice 2001-47(PDF, 14K) |
IRB #2001-36(HTML) |
Sept. 4, 2001 |
| This notice provides an additional period for comments before the Treasury Department and the IRS finalize regulations section 1.469-7, which was published as a proposed regulation (PS-39-89, 1991-1 C.B. 983). Section 1.469-7 will provide rules relating to the treatment of self-charged items of income and expense for purposes of applying the limitations on passive activity losses and credits. |
| Notice 2001-46(PDF, 12K) |
IRB #2001-32(HTML) |
Aug. 6, 2001 |
| Nonapplication of nondiscrimination rules; certain church and governmental plans. This notice extends the relief relating to the application of nondiscrimination rules for certain church and governmental retirement plans. Notice 2001-9 modified. |
| Notice 2001-45(PDF, 17K) |
IRB #2001-33(HTML) |
Aug. 13, 2001 |
| Basis shifting tax shelter. The Service will challenge certain basis shifting tax avoidance transactions and intends to disallow losses claimed or increase taxable income or gains. Such transactions are designated as "listed transactions" for purposes of sections 1.6011-4T(b)(2) and 301.6111-2T of the regulations. |
| Notice 2001-44(PDF, 37K) |
IRB #2001-30(HTML) |
July 23, 2001 |
| Notional principal contract (NPC). The IRS and the Treasury Department are soliciting comments on the appropriate method for including in income or deducting contingent nonperiodic payments made pursuant to a notional principal contract and the treatment of such inclusions or deductions. |
| Notice 2001-43(PDF, 38K) |
IRB #2001-30(HTML) |
July 23, 2001 |
| This notice provides transitional relief and guidance to certain U.S. withholding agents making payments to nonqualified intermediaries (NQIs) and foreign trusts for implementing the new withholding regulations under section 1441 of the Code. These regulations, which were published as T.D. 8734 (1997-2 C.B. 109) and T.D. 8881 (2000-23 I.R.B. 1158), apply to payments made after December 31, 2000. Announcement 2000-48 modified. Notice 2001-4 modified. |
| Notice 2001-42(PDF, 23K) |
IRB #2001-30(HTML) |
July 23, 2001 |
| Qualified plans; remedial amendment period. This notice provides a remedial amendment period under section 401(b) of the Code with respect to the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). This remedial amendment period is conditioned on the timely adoption of "good faith" EGTRRA plan amendments. The GUST remedial amendment period for individually designed plans is not being extended. Rev. Procs. 2000-20 and 2001-6 modified. |
| Notice 2001-41(PDF, 14K) |
IRB #2001-27(HTML) |
July 2, 2001 |
| French social security agreement. The mutual agreement between the United States and France on the tax treatment of contributions to, and distributions from, the French social security regime (Basic Plan and Complementary Plans) is set forth. |
| Notice 2001-40(PDF, 13K) |
IRB #2001-26(HTML) |
June 25, 2001 |
| Frivolous filing position based on section 861 of the Code. There is no basis in law for the view that U.S. citizens and residents are not subject to tax on wages and other U.S. source income because the Code only taxes foreign-based activities. |
| Notice 2001-39(PDF, 9K) |
IRB #2001-27(HTML) |
July 2, 2001 |
| Weighted average interest rate update. The weighted average interest rate for June 2001 and the resulting permissible range of interest rates used to calculate current liability for purposes of the full funding limitation of section 412(c)(7) of the Code are set forth. |
| Notice 2001-38(PDF, 12K) |
IRB #2001-24(HTML) |
June 11, 2001 |
| Information returns; reporting exceptions. Exceptions from information reporting contained in regulations under section 6041 of the Code will continue to apply to payments made by service-recipients reportable under section 6041A(a) of the Code after January 1, 2001. |
| Notice 2001-37(PDF, 25K) |
IRB #2001-25(HTML) |
June 18, 2001 |
| Definition of compensation; qualified transportation fringe benefits. This notice provides guidance to sponsors of qualified plans and tax-sheltered annuity plans concerning changes made to the definition of compensation by the Community Renewal Tax Relief Act of 2000. These changes generally expand the definition of compensation to reflect elective salary reductions for qualified transportation fringe benefits. |
| Notice 2001-36(PDF, 11K) |
IRB #2001-24(HTML) |
June 11, 2001 |
| Weighted average interest rate update. The weighted average interest rate for May 2001 and the resulting permissible range of interest rates used to calculate current liability for purposes of the full funding limitation of section 412(c)(7) of the Code are set forth. |
| Notice 2001-35(PDF, 69K) |
IRB #2001-23(HTML) |
June 4, 2001 |
| Annual accounting periods; automatic approval. This notice provides a proposed revenue procedure that, when finalized, will provide the procedures for certain partnerships, S corporations, electing S corporations, and personal service corporations to obtain automatic approval of the Commissioner to adopt, change, or retain their annual accounting periods. |
| Notice 2001-34(PDF, 90K) |
IRB #2001-23(HTML) |
June 4, 2001 |
| Annual accounting periods; approval. This notice provides a proposed revenue procedure that, when finalized, will provide the procedures under section 442 of the Code to establish a business purpose and request the approval of the Commissioner to adopt, change, or retain a taxpayer's annual accounting period. |
| Notice 2001-33(PDF, 21K) |
IRB #2001-19(HTML) |
May 7, 2001 |
| Electricity produced from certain renewable resources; calendar year 2001 inflation adjustment factor and reference prices. This notice announces the calendar year 2001 inflation adjustment factor and reference prices for the renewable electricity production credit under section 45 of the Code. |
| Notice 2001-32(PDF, 27K) |
IRB #2001-18(HTML) |
April 30, 2001 |
| Weighted average interest rate update. The weighted average interest rate for April 2001 and the resulting permissible range of interest rates used to calculate current liability for purposes of the full funding limitation of section 412(c)(7) of the Code are set forth. |
| Notice 2001-31(PDF, 31K) |
IRB #2001-17(HTML) |
April 23, 2001 |
| Credit for sales of fuel produced from a nonconventional source, inflation adjustment factor, and reference price. This notice publishes the nonconventional source fuel credit, the inflation adjustment factor, and the reference price under section 29 of the Code for calendar year 2000. This data is used to determine the credit allowable on sales of fuel produced from a nonconventional source. |
| Notice 2001-30(PDF, 33K) |
IRB #2001-14(HTML) |
April 9, 2001 |
| This notice provides tax relief under sections 6081, 6161, 6404(h), 6654(e)(3), and 7508A of the Code for taxpayers affected by the Cerro Grande Fire. |
| Notice 2001-29(PDF, 32K) |
IRB #2001-14(HTML) |
April 9, 2001 |
| Research credit suspension period. This notice provides guidance to corporate taxpayers that file Form 7004 requesting an extension of time to file their income tax return for a taxable year that includes expired research credit suspension periods. |
| Notice 2001-28(PDF, 27K) |
IRB #2001-13(HTML) |
March 26, 2001 |
| Weighted average interest rate update. The weighted average interest rate for March 2001 and the resulting permissible range of interest rates used to calculate current liability for purposes of the full funding limitation of section 412(c)(7) of the Code are set forth. |
| Notice 2001-27(PDF, 39K) |
IRB #2001-13(HTML) |
March 26, 2001 |
| Dealer in securities futures contracts. This notice solicits comments on the criteria that should be used to determine whether a taxpayer is a "dealer" in securities futures contracts (or options on such contracts) for purposes of section 1256(g)(9)(B) of the Code. |
| Notice 2001-26(PDF, 33K) |
IRB #2001-13(HTML) |
March 26, 2001 |
| This notice allows electing section 645 trusts to use the reporting method described in Rev. Proc. 98-13, 1998-1 C.B. 370, or the reporting method described in sections 1.645-1(d)(i) and (ii)(A) of the proposed regulations. |
| Notice 2001-25(PDF, 38K) |
IRB #2001-13(HTML) |
March 26, 2001 |
| This notice provides a method for transferring the estimated tax payments made by an electing small business trust (ESBT) to the account of the deemed owner of the ESBT. The estimated tax payments made by the trust will be treated as a payment of estimated tax made by the deemed owner of the ESBT on Janaury 15, 2001. For purposes of the annualized income installment method of section 6654(d)(2)(B) of the Code, the deemed owner may take into account, as of the last day of the deemed owner's 2000 taxable year, all S corporation items allocable to stock held by the ESBT. |
| Notice 2001-24(PDF, 34K) |
IRB #2001-12(HTML) |
March 19, 2001 |
| The "differential earnings rate" under section 809 of the Code is tentatively determined for 2000 together with the "recomputed differential earnings rate" for 1999. |
| Notice 2001-23(PDF, 37K) |
IRB #2001-12(HTML) |
March 19, 2001 |
| Business expenses; changes in method of accounting. This notice modifies Rev. Rul. 2001-4, 2001-3 I.R.B. 295, which holds, in part, that costs incurred by a taxpayer to perform work on its aircraft airframe as part of a heavy maintenance visit generally are deductible as ordinary and necessary business expenses under section 162 of the Code. Rev. Rul. 2001-4 is modified by extending the application of the automatic consent for change in accounting method provisions of Rev. Proc. 99-49, 1999-2 C.B. 725, to the taxpayer's first or second taxable year ending after December 21, 2000. Rev. Proc. 99-49 and Rev. Rul. 2001-4 modified. |
| Notice 2001-22(PDF, 32K) |
IRB #2001-12(HTML) |
March 19, 2001 |
| Installment sales; changes in method of accounting. This notice provides that an accrual method taxpayer that entered into an installment sale on or after December 17, 1999, and filed a federal income tax return by April 16, 2001, reporting the sale on an accrual method has the consent of the Secretary to revoke its effective election out of the installment method. The taxpayer must file, within the applicable period of limitations, amended federal income tax returns for the taxable year in which the installment sale occurred, and for any other affected taxable year, reporting the gain on the installment method. Notice 2000-26 modified. |
| Notice 2001-21(PDF, 9K) |
IRB #2001-11(HTML) |
March 12, 2001 |
| Low-income housing tax credit. This notice reproduces the proper population figures to be used for determining the 2001 calendar year population-based component of the state housing credit ceiling under section 42(h) of the Code and the 2001 calendar year volume cap under section 146 of the Code. |
| Notice 2001-20(PDF, 4K) |
IRB #2001-11(HTML) |
March 12, 2001 |
| Weighted average interest rate update. The weighted average interest rate for February 2001 and the resulting permissible range of interest rates used to calculate current liability for purposes of the full funding limitation of section 412(c)(7) of the Code are set forth. |
| Notice 2001-19(PDF, 8K) |
IRB #2001-10(HTML) |
March 5, 2001 |
| Comments on research credit regulations. This notice announces that the Treasury Department and the IRS will review the research credit final regulations in T.D. 8930 (2001-5 I.R.B. 433), and that comments are requested on the final regulations. Upon completion of this review, Treasury and the IRS will announce changes to the regulations, if any, in the form of proposed regulations. In addition, T.D. 8930 will be revised so that the provisions of the regulations, including any changes, will be effective no earlier than the date the review is completed. However, the provisions related to internal-use computer software (including any revisions) generally will be applicable to taxable years beginning after December 31, 1985. Comments should be submitted by April 2, 2001. |
| Notice 2001-18(PDF, 15K) |
IRB #2001-9(HTML) |
Feb. 26, 2001 |
| This notice provides an exception from the registration requirements under section 6111(d) of the Code and the list maintenance requirements under section 6112 for certain leasing transactions, except as may be provided in subsequent guidance. |
| Notice 2001-17(PDF, 11K) |
IRB #2001-9(HTML) |
Feb. 26, 2001 |
| Contingent liability tax shelter. The Service may challenge certain transactions in which a taxpayer transfers assets to a corporation and the transferee assumes a liability that the transferor has not yet taken into account for federal income tax purposes. Such transactions are designated as "listed transactions" for purposes of sections 1.6011-4T(b)(2) and 301.6111-2T of the regulations. |
| Notice 2001-16(PDF, 11K) |
IRB #2001-9(HTML) |
Feb. 26, 2001 |
| Intermediary transactions tax shelter. The Service may challenge certain transactions in which the assets of a corporation are sold following the purported sale of the corporation's stock to an intermediary. Such transactions are designated as "listed transactions" for purposes of sections 1.6011-4T(b)(2) and 301.6111-2T of the regulations. |
| Notice 2001-15(PDF, 9K) |
IRB #2001-7(HTML) |
Feb. 12, 2001 |
| Weighted average interest rate update. The weighted average interest rate for January 2001 and the resulting permissible range of interest rates used to calculate current liability for purposes of the full funding limitation of section 412(c)(7) of the Code are set forth. |
| Notice 2001-14(PDF, 22K) |
IRB #2001-6(HTML) |
Feb. 5, 2001 |
| Application of employment taxes to statutory options. This notice provides notice of intent to issue guidance regarding an employer's income tax withholding obligations upon a disposition of stock acquired by an individual pursuant to the exercise of a statutory option. This notice also provides notice of intent to issue administrative guidance clarifying cur-rent law as to the application of employment taxes upon an exercise of a statutory option. Public comments about the anticipated guidance must be submitted by May 7, 2001. Rev. Rul. 71–52 obsolete. Notice 87–49 modified. |
| Notice 2001-13(PDF, 21K) |
IRB #2001-6(HTML) |
Feb. 5, 2001 |
| This notice announces the extension of the Comprehensive Case Resolution pilot program, which was announced in Notice 2000–43, 2000–35 I.R.B. 209, and under which large business taxpayers may request resolution of all years they have open under examination by the Large and Mid-Size Business Division, in Appeals, and in docketed status before the United States Tax Court, through an Internal Revenue Service team process. |
| Notice 2001-12(PDF, 34K) |
IRB #2001-3(HTML) |
Jan. 16, 2001 |
| This notice provides guidance to partnerships regarding the need for both the terminated partnership and the new partnership to file a final short-year partnership tax return following a partnership termination under section 708(b)(1)(B) of the Code. |
| Notice 2001-11(PDF, 10K) |
IRB #2001-5(HTML) |
Jan. 29, 2001 |
| This notice provides additional guidance to financial institutions located in U.S. possessions in relation to the section 1441 nonresident alien withholding regulations that were published as T.D. 8734 (1997-2 C.B. 109) and T.D. 8881 (2000–23 I.R.B. 1158). Those regulations will apply to certain payments of income to foreign persons after December 31, 2000. |
| Notice 2001-10(PDF, 34K) |
IRB #2001-5(HTML) |
Jan. 29, 2001 |
| Split-dollar insurance arrangements. This notice clarifies prior rulings issued by the IRS regarding the taxation of split-dollar arrangements, provides taxpayers with interim guidance on the tax treatment of split-dollar arrangements pending publication of further guidance, and requests taxpayer comments on the interim guidance and a number of unresolved issues. Rev. Rul 55–747 revoked. Rev. Ruls. 64–328 and 66–110 modified. |
| Notice 2001-9(PDF, 14K) |
IRB #2001-4(HTML) |
Jan. 22, 2001 |
| This notice provides relief from the application of the Code's nondiscrimination requirements for certain governmental and church plans. Notices 98-39 and 99-40 modified. |
| Notice 2001-8(PDF, 9K) |
IRB #2001-4(HTML) |
Jan. 22, 2001 |
| Information returns; discharge of indebtedness. The suspension of penalties under sections 6721 and 6722 of the Code provided by Notice 2000-22, 2000-16 I.R.B. 902, for certain organizations newly subject to section 6050P is being extended. Penalties will not be imposed on such organizations for failure to file information returns under section 6050P for any discharge of indebtedness that occurs prior to the first calendar year beginning at least two months after the date that appropriate guidance is issued. Notice 2000-22 modified and superseded. |
| Notice 2001-7(PDF, 7K) |
IRB #2001-4(HTML) |
Jan. 22, 2001 |
| Information returns; payments to attorneys. The Service intends to further delay the effective date of the regulations proposed under section 6045(f) of the Code (relating to the reporting of payments of gross proceeds to attorneys). Under this extension, the rules in section 1.6045-5 will apply to payments made during the first calendar year that begins at least two months after the date of publication of the final regulations in the Federal Register. Notice 99-53 modified and superseded. |
| Notice 2001-6(PDF, 35K) |
IRB #2001-3(HTML) |
Jan. 16, 2001 |
| Mileage awards. This notice provides guidance on the application of the excise tax on the amount paid for air transportation to amounts paid for frequent flyer miles. Under the notice, amounts paid for mileage awards that cannot be redeemed for taxable transportation are not subject to tax. |
| Notice 2001-5(PDF, 25K) |
IRB #2001-3(HTML) |
Jan. 16, 2001 |
| This notice provides guidance to partnerships regarding the need for both the terminated partnership and the new partnership to file a final short-year partnership tax return following a partnership termination under section 708(b)(1)(B) of the Code. |
| Notice 2001-4(PDF, 23K) |
IRB #2001-2(HTML) |
Jan. 8, 2001 |
| This notice provides additional guidance to qualified intermediaries and U.S. withholding agents relating to the withholding of income tax under section 1441 of the Code on certain U.S. source income paid to foreign persons. |
| Notice 2001-3(PDF, 56K) |
IRB #2001-2(HTML) |
Jan. 8, 2001 |
| Weighted average interest rate update. The weighted average interest rate for December 2000 and the resulting permissible range of interest rates used to calculate current liability for purposes of the full funding limitation of section 412 (c)(7) of the Code are set forth. |
| Notice 2001-2(PDF, 52K) |
IRB #2001-2(HTML) |
Jan. 8, 2001 |
| Research credit suspension periods. This notice provides guidance to help taxpayers compute and report their credit for increasing research activities (research credit) under section 41 of the Code for taxable years that include the research credit suspension periods described in section 502(d)(2) of the Tax Relief Extension Act of 1999, Pub. L. No. 106-170 (Dec. 17, 1999). This notice also explains how to take into account any research credits attributable to a research credit suspension period. |
| Notice 2001-1(PDF, 55K) |
IRB #2001-2(HTML) |
Jan. 8, 2001 |
| This notice sets forth the requirements employers must meet and the procedures for obtaining approval of employer-designed tip reporting alternative commitment (EmTRAC) programs for the food and beverage industry. Notice 2000-21 superseded. |
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