| Revenue Rulings |
Bulletin |
Date of IRB |
 |
| Rev. Rul. 2001-66(PDF, 16K) |
IRB #2001-53(HTML) |
Dec. 31, 2001 |
| LIFO; price indexes; department stores. The October 2001 Bureau of Labor Statistics price indexes are accepted for use by department stores employing the retail inventory and last-in, first-out inventory methods for valuing inventories for tax years ended on, or with reference to, October 31, 2001. |
| Rev. Rul. 2001-65(PDF, 17K) |
IRB #2001-53(HTML) |
Dec. 31, 2001 |
| Section 1274A, inflation-adjusted numbers for 2002. This ruling provides the dollar amounts, increased by the 2002 inflation adjustment, for section 1274A of the Code. Rev. Rul. 2000-55 supplemented and superseded. |
| Rev. Rul. 2001-64(PDF, 14K) |
IRB #2001-53(HTML) |
Dec. 31, 2001 |
| CPI adjustment for below-market loans for 2002. The amount that section 7872(g) of the Code permits a taxpayer to lend to a qualified continuing care facility without incurring imputed interest is published and adjusted for inflation for years 1987-2002. Rev. Rul. 2000-56 supplemented and superseded. |
| Rev. Rul. 2001-63(PDF, 23K) |
IRB #2001-52(HTML) |
Dec. 26, 2001 |
| Interest rates; underpayments and overpayments. The rate of interest determined under section 6621 of the Code for the calendar quarter beginning January 1, 2002, will be 6 percent for overpayments (5 percent in the case of a corporation), 6 percent for underpayments, and 8 percent for large corporate underpayments. The rate of interest paid on the portion of a corporate overpayment exceeding $10,000 will be 3.5 percent. |
| Rev. Rul. 2001-62(PDF, 35K) |
IRB #2001-53(HTML) |
Dec. 31, 2001 |
| Mortality tables. This ruling describes changes to the mortality tables under section 417(e) of the Code for employee plans purposes. Rev. Rul. 95-6 superseded for certain distributions and Rev. Rul. 98-1 modified. |
| Rev. Rul. 2001-61(PDF, 16K) |
IRB #2001-50(HTML) |
Dec. 10, 2001 |
| Employer identification numbers. This ruling provides guidance on the retention of an entity's employer identification number upon changing under section 301.7701-3 of the regulations from a partnership to a disregarded entity or from a disregarded entity to a partnership. |
| Rev. Rul. 2001-60(PDF, 22K) |
IRB #2001-51(HTML) |
Dec. 17, 2001 |
| Golf course greens land preparation costs. The costs of land preparation undertaken by a taxpayer in the original construction or reconstruction of push-up or natural soil golf course greens are not depreciable. However, the costs of land preparation undertaken by a taxpayer in the original construction or reconstruction of modern golf course greens that is so closely associated with depreciable assets, such as a network of underground drainage tiles or pipes, that the land preparation will be retired, abandoned, or replaced contemporaneously with those depreciable assets are depreciable. Rev. Rul. 55-290 modified and superseded. Rev. Proc. 99-49 modified and amplified. |
| Rev. Rul. 2001-59(PDF, 22K) |
IRB #2001-51(HTML) |
Dec. 17, 2001 |
| Bank bad debts; clarification of the conformity method. This ruling provides guidance to banks using the conformity election as to what steps are necessary to assign a loan as a loss asset. Also, the conclusive presumption of worthlessness will apply to loans erroneously charged off if the charge-offs are not substantially in excess of those warranted by reasonable business judgment. |
| Rev. Rul. 2001-58(PDF, 14K) |
IRB #2001-50(HTML) |
Dec. 10, 2001 |
| Federal rates; adjusted federal rates; adjusted federal long-term rate and the long-term exempt rate. For purposes of sections 382, 1274, 1288, and other sections of the Code, tables set forth the rates for December 2001. |
| Rev. Rul. 2001-57(PDF, 14K) |
IRB #2001-46(HTML) |
Nov. 13, 2001 |
| Gross income; sale of principal residence. If an individual elects under section 311(e) of the Tax Reform Act of 1997 to treat the individual's principal residence as being both sold and reacquired on January 1, 2001, for an amount equal to its fair market value on that date, the individual cannot exclude from gross income under section 121 of the Code any of the gain from the deemed sale. |
| Rev. Rul. 2001-54(PDF, 17K) |
IRB #2001-46(HTML) |
Nov. 13, 2001 |
| LIFO; price indexes; department stores. The September 2001 Bureau of Labor Statistics price indexes are accepted for use by department stores employing the retail inventory and last-in, first-out inventory methods for valuing inventories for tax years ended on, or with reference to, September 30, 2001. |
| Rev. Rul. 2001-53(PDF, 18K) |
IRB #2001-46(HTML) |
Nov. 13, 2001 |
| Low-income housing credit; satisfactory bond; "bond factor" amounts for the period October through December 2001. This ruling announces the monthly bond factor amounts to be used by taxpayers who dispose of qualified low-income buildings or interests therein during the period October through December 2001. This ruling also provides a summary of the bond factor amounts for dispositions occurring during the period January through September 2001. |
| Rev. Rul. 2001-52(PDF, 13K) |
IRB #2001-45(HTML) |
Nov. 5, 2001 |
| Federal rates; adjusted federal rates; adjusted federal long-term rate and the long-term exempt rate. For purposes of sections 382, 1274, 1288, and other sections of the Code, tables set forth the rates for November 2001. |
| Rev. Rul. 2001-51(PDF, 43K) |
IRB #2001-45(HTML) |
Nov. 5, 2001 |
| Limitations on benefits and contributions. This ruling provides guidance on the limitations under section 415 of the Code, as amended by the Economic Growth and Tax Relief Reconciliation Act of 2001. Rev. Rul. 98-1 modified. |
| Rev. Rul. 2001-50(PDF, 18K) |
IRB #2001-43(HTML) |
Oct. 22, 2001 |
| Built-in gains tax. The built-in gains tax under section 1374 of the Code will not apply to the timber, coal, and domestic iron ore transactions described in the four situations in the ruling. |
| Rev. Rul. 2001-49(PDF, 14K) |
IRB #2001-41(HTML) |
Oct. 9, 2001 |
| Federal rates; adjusted federal rates; adjusted federal long-term rate and the long-term exempt rate. For purposes of sections 382, 1274, 1288, and other sections of the Code, tables set forth the rates for October 2001. |
| Rev. Rul. 2001-48(PDF, 33K) |
IRB #2001-42(HTML) |
Oct. 15, 2001 |
| This ruling updates the list of countries that grant a reciprocal exemption for income from the international operation of ships or aircraft to U.S. persons for purposes of sections 872(b) and 883 of the Code. Rev. Ruls. 89-42 and 97-31 modified and superseded. |
| Rev. Rul. 2001-47(PDF, 18K) |
IRB #2001-39(HTML) |
Sept. 24, 2001 |
| Interest rates; underpayments and overpayments. The rate of interest determined under section 6621 of the Code for the calendar quarter beginning October 1, 2001, will be 7 percent for overpayments (6 percent in the case of a corporation), 7 percent for underpayments, and 9 percent for large corporate underpayments. The rate of interest paid on the portion of a corporate overpayment exceeding $10,000 will be 4.5 percent. |
| Rev. Rul. 2001-46(PDF, 20K) |
IRB #2001-42(HTML) |
Oct. 15, 2001 |
| Step transaction. Under the facts presented, if, pursuant to an integrated plan, a newly formed wholly owned subsidiary of an acquiring corporation merges into a target corporation, followed by the merger of the target corporation into the acquiring corporation, the transaction is treated as a single statutory merger of the target corporation into the acquiring corporation that qualifies as a reorganization under section 368(a)(1)(A) of the Code. Rev. Rul. 67-274 amplified. Rev. Rul. 90-95 distinguished. |
| Rev. Rul. 2001-45(PDF, 15K) |
IRB #2001-42(HTML) |
Oct. 15, 2001 |
| LIFO; price indexes; department stores. The August 2001 Bureau of Labor Statistics price indexes are accepted for use by department stores employing the retail inventory and last-in, first-out inventory methods for valuing inventories for tax years ended on, or with reference to, August 31, 2001. |
| Rev. Rul. 2001-44(PDF, 14K) |
IRB #2001-37(HTML) |
Sept. 10, 2001 |
| LIFO; price indexes; department stores. The July 2001 Bureau of Labor Statistics price indexes are accepted for use by department stores employing the retail inventory and last-in, first-out inventory methods for valuing inventories for tax years ended on, or with reference to, July 31, 2001. |
| Rev. Rul. 2001-43(PDF, 16K) |
IRB #2001-36(HTML) |
Sept. 4, 2001 |
| Federal rates; adjusted federal rates; adjusted federal long-term rate and the long-term exempt rate. For purposes of sections 382, 1274, 1288, and other sections of the Code, tables set forth the rates for September 2001. |
| Rev. Rul. 2001-42(PDF, 10K) |
IRB #2001-37(HTML) |
Sept. 10, 2001 |
| Fringe benefits aircraft valuation formula. The Standard Industry Fare Level (SIFL) cents-per-mile rates and terminal charges in effect for the second half of 2001 are set forth for purposes of determining the value of noncommercial flights on employer-provided aircraft under section 1.61-21(g) of the regulations. |
| Rev. Rul. 2001-41(PDF, 17K) |
IRB #2001-35(HTML) |
Aug. 27, 2001 |
| LIFO; price indexes; department stores. The June 2001 Bureau of Labor Statistics price indexes are accepted for use by department stores employing the retail inventory and last-in, first-out inventory methods for valuing inventories for tax years ended on, or with reference to, June 30, 2001. |
| Rev. Rul. 2001-40(PDF, 10K) |
IRB #2001-38(HTML) |
Sept. 17, 2001 |
| Refund or credit of an overassessed tax. This ruling modifies Rev. Rul. 78-127 (1978-1 C.B. 436) by clarifying when the Service allows a refund or credit of an over-assessed tax. Rev. Rul. 78-127 modified. |
| Rev. Rul. 2001-40(PDF, 10K) |
IRB #2001-38(HTML) |
Sept. 17, 2001 |
| Refund or credit of an overassessed tax. This ruling modifies Rev. Rul. 78-127 (1978-1 C.B. 436) by clarifying when the Service allows a refund or credit of an over-assessed tax. Rev. Rul. 78-127 modified. |
| Rev. Rul. 2001-39(PDF, 14K) |
IRB #2001-33(HTML) |
Aug. 13, 2001 |
| U.S. corporation; wholly-owned Mexican subsidiary treated as a domestic corporation. This ruling obsoletes Rev. Rul. 70-379 (1970-2 C.B. 179) relating to a U.S. corporation electing under section 1504(d) of the Code to treat its wholly-owned Mexican subsidiary as a domestic corporation for the purpose of filing consolidated returns. Rev. Rul. 70-379 obsoleted. |
| Rev. Rul. 2001-38(PDF, 15K) |
IRB #2001-33(HTML) |
Aug. 13, 2001 |
| Insurance companies; prevailing mortality and morbidity tables. The prevailing mortality and morbidity tables for contracts issued on or after January 1, 1999, are set forth for use by insurance companies to compute their reserves. Rev. Rul. 92-19 supplemented. |
| Rev. Rul. 2001-37(PDF, 12K) |
IRB #2001-32(HTML) |
Aug. 6, 2001 |
| Low-income housing credit; satisfactory bond; "bond factor" amounts for the period July through September 2001. This ruling announces the monthly bond factor amounts to be used by taxpayers who dispose of qualified low-income buildings or interests therein during the period July through September 2001. |
| Rev. Rul. 2001-36(PDF, 11K) |
IRB #2001-32(HTML) |
Aug. 6, 2001 |
| Federal rates; adjusted federal rates; adjusted federal long-term rate and the long-term exempt rate. For purposes of sections 382, 1274, 1288, and other sections of the Code, tables set forth the rates for August 2001. |
| Rev. Rul. 2001-35(PDF, 14K) |
IRB #2001-29(HTML) |
July 16, 2001 |
| LIFO; price indexes; department stores. The May 2001 Bureau of Labor Statistics price indexes are accepted for use by department stores employing the retail inventory and last-in, first-out inventory methods for valuing inventories for tax years ended on, or with reference to, May 31, 2001. |
| Rev. Rul. 2001-34(PDF, 19K) |
IRB #2001-28(HTML) |
July 9, 2001 |
| Federal rates; adjusted federal rates; adjusted federal long-term rate, and the long-term exempt rate. For purposes of sections 382, 1274, 1288, and other sections of the Code, tables set forth the rates for July 2001. |
| Rev. Rul. 2001-33(PDF, 14K) |
IRB #2001-32(HTML) |
Aug. 6, 2001 |
| Mutual life insurance companies; differential earnings rate. The differential earnings rate for 2000 and the recomputed differential earnings rate for 1999 are set forth for use by mutual life insurance companies to compute their income tax liabilities for 2000. |
| Rev. Rul. 2001-32(PDF, 19K) |
IRB #2001-26(HTML) |
June 25, 2001 |
| Interest rates; underpayments and overpayments. The rate of interest determined under section 6621 of the Code for the calendar quarter beginning July 1, 2001, will be 7 percent for overpayments (6 percent in the case of a corporation), 7 percent for underpayments, and 9 percent for large corporate underpayments. The rate of interest paid on the portion of a corporate overpayment exceeding $10,000 will be 4.5 percent. |
| Rev. Rul. 2001-31(PDF, 15K) |
IRB #2001-26(HTML) |
June 25, 2001 |
| Captive insurance transactions. This ruling explains that the Service will no longer raise the "economic family theory," set forth in Rev. Rul. 77-316 (1977-2 C.B. 53), in addressing whether captive insurance transactions constitute valid insurance. Rather, the Service will address captive insurance transactions on a case-by-case basis. Rev. Ruls. 77-316, 78-277, 88-72, and 89-61 obsoleted. Rev. Ruls. 78-338, 80-120, 92-93, and 2000-3 modified. |
| Rev. Rul. 2001-30(PDF, 19K) |
IRB #2001-29(HTML) |
July 16, 2001 |
| Nondiscrimination; cross-testing. This ruling describes specific conditions that a defined contribution plan allocation must meet to be treated as a defined benefit replacement allocation under section 1.401(a)(4)-8(b) of the regulations. |
| Rev. Rul. 2001-29(PDF, 19K) |
IRB #2001-26(HTML) |
June 25, 2001 |
| REIT and section 355(b) active conduct of a trade or business. A REIT can be engaged in the active conduct of a trade or business within the meaning of section 355(b) of the Code solely by virtue of functions with respect to rental activity that produces income qualifying as rents from real property within the meaning of section 856(d) of the Code. Rev. Rul. 73-236 obsoleted. |
| Rev. Rul. 2001-28(PDF, 13K) |
IRB #2001-25(HTML) |
June 18, 2001 |
| LIFO; price indexes; department stores. The April 2001 Bureau of Labor Statistics price indexes are accepted for use by department stores employing the retail inventory and last-in, first-out inventory methods for valuing inventories for tax years ended on, or with reference to, April 30, 2001. |
| Rev. Rul. 2001-27(PDF, 38K) |
IRB #2001-23(HTML) |
June 4, 2001 |
| Federal rates; adjusted federal rates; adjusted federal long-term rate, and the long-term exempt rate. For purposes of sections 382, 1274, 1288, and other sections of the Code, tables set forth the rates for June 2001. |
| Rev. Rul. 2001-26(PDF, 35K) |
IRB #2001-23(HTML) |
June 4, 2001 |
| Two-step stock acquisitions. Certain two-step stock acquisitions comprised of a tender offer and a merger qualify as reorganizations under sections 368(a)(1)(A) and 368(a)(2)(E) of the Code. |
| Rev. Rul. 2001-25(PDF, 32K) |
IRB #2001-22(HTML) |
May 29, 2001 |
| Reverse triangular merger. A reverse triangular merger qualifies as a tax-free reorganization under sections 368(a)(1)(A) and 368(a)(2)(E) of the Code, notwithstanding that immediately after the merger, and as part of a plan that includes the merger, the surviving corporation sells a portion of its assets to an unrelated party for cash that it retains. |
| Rev. Rul. 2001-24(PDF, 33K) |
IRB #2001-22(HTML) |
May 29, 2001 |
| Forward triangular merger. A controlling corporation's transfer of the acquiring corporation's stock to another controlled subsidiary as part of the plan of reorganization, following the merger of the acquired corporation with and into the acquiring corporation, will not cause the transaction to fail to qualify as a reorganization under sections 368(a)(1)(A) and 368(a)(2)(D) of the Code. |
| Rev. Rul. 2001-23(PDF, 30K) |
IRB #2001-20(HTML) |
May 14, 2001 |
| LIFO; price indexes; department stores. The March 2001 Bureau of Labor Statistics price indexes are accepted for use by department stores employing the retail inventory and last-in, first-out inventory methods for valuing inventories for tax years ended on, or with reference to, March 31, 2001. |
| Rev. Rul. 2001-22(PDF, 30K) |
IRB #2001-19(HTML) |
May 7, 2001 |
| Federal rates; adjusted federal rates; adjusted federal long-term rate, and the long-term exempt rate. For purposes of sections 382, 1274, 1288, and other sections of the Code, tables set forth the rates for May 2001. |
| Rev. Rul. 2001-21(PDF, 36K) |
IRB #2001-18(HTML) |
April 30, 2001 |
| Special use value; farms; interest rates. The 2001 interest rates to be used in computing the special use value of farm real property for which an election is made under section 2032A of the Code are listed for estates of decedents. |
| Rev. Rul. 2001-20(PDF, 36K) |
IRB #2001-18(HTML) |
April 30, 2001 |
| Qualified lessee construction allowances for short-term leases. The purpose requirement under section 1.110-1(b)(3) of the regulations does not require a lease agreement to provide that the entire construction allowance is for the purpose of constructing or improving qualified long-term real property. However, only the portion of the construction allowance actually expended on qualified long-term real property for use in the lessee's trade or business at the retail space may qualify as a qualified lessee construction allowance. |
| Rev. Rul. 2001-19(PDF, 29K) |
IRB #2001-18(HTML) |
April 30, 2001 |
| Low-income housing credit; satisfactory bond; "bond factor" amounts for the period April through June 2001. This ruling announces the monthly bond factor amounts to be used by taxpayers who dispose of qualified low-income buildings or interests therein during the period April through June 2001. |
| Rev. Rul. 2001-18(PDF, 31K) |
IRB #2001-17(HTML) |
April 23, 2001 |
| LIFO; price indexes; department stores. The February 2001 Bureau of Labor Statistics price indexes are accepted for use by department stores employing the retail inventory and last-in, first-out inventory methods for valuing inventories for tax years ended on, or with reference to, February 28, 2001. |
| Rev. Rul. 2001-17(PDF, 54K) |
IRB #2001-15(HTML) |
April 19, 2001 |
| Federal rates; adjusted federal rates; adjusted federal long-term rate, and the long-term exempt rate. For purposes of sections 382, 1274, 1288, and other sections of the Code, tables set forth the rates for April 2001. |
| Rev. Rul. 2001-16(PDF, 39K) |
IRB #2001-13(HTML) |
March 26, 2001 |
| Interest rates; underpayments and overpayments. The rate of interest determined under section 6621 of the Code for the second calendar quarter of 2001, beginning April 1, 2001, will be 8 percent for overpayments (7 percent in the case of a corporation), 8 percent for underpayments, and 10 percent for large corporate underpayments. The rate of interest paid on the portion of a corporate overpayment exceeding $10,000 will be 5.5 percent. |
| Rev. Rul. 2001-15(PDF, 47K) |
IRB #2001-13(HTML) |
March 26, 2001 |
| Election in respect of losses attributable to a disaster. This ruling lists the areas declared by the President to qualify as major disaster or emergency areas during 2000 under the Disaster Relief and Emergency Assistance Act. |
| Rev. Rul. 2001-14(PDF, 31K) |
IRB #2001-12(HTML) |
March 19, 2001 |
| LIFO; price indexes; department stores. The January 2001 Bureau of Labor Statistics price indexes are accepted for use by department stores employing the retail inventory and last-in, first-out inventory methods for valuing inventories for tax years ended on, or with reference to, January 31, 2001. |
| Rev. Rul. 2001-13(PDF, 29K) |
IRB #2001-12(HTML) |
March 19, 2001 |
| Fringe benefits aircraft valuation formula. The Standard Industry Fare Level (SIFL) cents-per-mile rates and terminal charges in effect for the first half of 2001 are set forth for purposes of determining the value of noncommercial flights on employer-provided aircraft under section 1.61-21(g) of the regulations. |
| Rev. Rul. 2001-12(PDF, 13K) |
IRB #2001-11(HTML) |
March 12, 2001 |
| Federal rates; adjusted federal rates; adjusted federal long-term rate; and the long-term exempt rate. For purposes of sections 382, 1274, 1288, and other sections of the Code, tables set forth the rates for March 2001. |
| Rev. Rul. 2001-11(PDF, 17K) |
IRB #2001-10(HTML) |
March 5, 2001 |
| Insurance companies; interest rate tables. Prevailing state assumed interest rates are provided for the determination of reserves under section 807 of the Code for contracts issued in 2000 and 2001. Rev. Rul. 92-19 supplemented in part. |
| Rev. Rul. 2001-10(PDF, 7K) |
IRB #2001-10(HTML) |
March 5, 2001 |
| Low-income housing credit; satisfactory bond; "bond factor" amounts for the period January through March 2001. This ruling announces the monthly bond factor amounts to be used by taxpayers who dispose of qualified low-income buildings or interests therein during the period January through March 2001. |
| Rev. Rul. 2001-9(PDF, 14K) |
IRB #2001-8(HTML) |
Feb. 20, 2001 |
| LIFO; price indexes; department stores. The December 2000 Bureau of Labor Statistics price indexes are accepted for use by department stores employing the retail inventory and last-in, first-out inventory methods for valuing inventories for tax years ended on, or with reference to, December 31, 2000. |
| Rev. Rul. 2001-8(PDF, 19K) |
IRB #2001-9(HTML) |
Feb. 26, 2001 |
| Inventories; floor stocks payments. Payments made or received with respect to floor stocks must be accounted for as adjustments to the invoice price or production cost of the goods physically held on the floor stocks date to which the payments relate, rather than as an adjustment to the tax basis (carrying value) of those goods. This ruling provides, for costing purposes, an optional simplifying assumption for LIFO taxpayers regarding identification of the goods physically held on the floor stocks date to which the floor stocks payments relate. Rev. Ruls. 85-30 and 88-95 clarified. Rev. Proc. 99-49 modified and amplified. |
| Rev. Rul. 2001-7(PDF, 17K) |
IRB #2001-7(HTML) |
Feb. 12, 2001 |
| Federal rates; adjusted federal rates; adjusted federal long-term rate, and the long-term exempt rate. For purposes of sections 382, 1274, 1288, and other sections of the Code, tables set forth the rates for February 2001. |
| Rev. Rul. 2001-6(PDF, 23K) |
IRB #2001-6(HTML) |
Feb. 5, 2001 |
| Deductibility of payments in redemption of stock held by an employee stock ownership plan (ESOP). Payments in redemption of stock held by an ESOP that are used to make distributions to terminating ESOP participants are not deductible and do not constitute "applicable dividends" under section 404(k)(1) of the Code. |
| Rev. Rul. 2001-5(PDF, 15K) |
IRB #2001-5(HTML) |
Jan. 29, 2001 |
| LIFO; price indexes; department stores. The November 2000 Bureau of Labor Statistics price indexes are accepted for use by department stores employing the retail inventory and last-in, first-out inventory methods for valuing inventories for tax years ended on, or with reference to, November 30, 2000. |
| Rev. Rul. 2001-4(PDF, 58K) |
IRB #2001-3(HTML) |
Jan. 16, 2001 |
| Aircraft maintenance costs. 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. However, costs incurred in conjunction with a heavy maintenance visit must be capitalized to the extent they materially add to the value of, substantially prolong the useful life of, or adapt the airframe to a new or different use. In addition, costs incurred as part of a plan of rehabilitation, modernization, or improvement must be capitalized. Rev. Proc. 99–49 modified and amplified. |
| Rev. Rul. 2001-3(PDF, 37K) |
IRB #2001-3(HTML) |
Jan. 16, 2001 |
| For purposes of sections 1274, 1288, 382, and other sections of the Code, tables set forth the rates for January 2001. |
| Rev. Rul. 2001-2(PDF, 42K) |
IRB #2001-2(HTML) |
Jan. 8, 2001 |
| Low-income housing credit; satisfactory bond; bond factor amounts for the period October through December 2000. This ruling announces the monthly bond factor amounts to be used by taxpayers who dispose of qualified low-income buildings or interests therein during the period October through December 2000. This ruling also announces errors in bond factor amounts for dispositions of 1987 properties in 1998 and of all properties in 1999 and January through June 2000, and sets forth summaries for 1998, 1999, and 2000 that contain the corrected bond factor amounts. |
| Rev. Rul. 2001-1(PDF, 11K) |
IRB #2001-9(HTML) |
Feb. 26, 2001 |
| E & P adjustments on exercise of option. The earnings and profits of a corporate employer are reduced to reflect the deduction the corporation takes when an employee receives stock upon exercise of a nonstatutory stock option. |
