Links to Official IRS Bulletin Documents listed below are in the Adobe Acrobat PDF Format, and require the appropriate Acrobat Reader to view and/or print.
INCOME TAX
REG-126485-01(PDF, 32K)
Proposed regulations define the term statutory merger or consolidation as that term is defined in section 368(a)(1)(A) of the Code. This would permit certain transactions involving disregarded entities to qualify as statutory mergers or consolidations. A public hearing is scheduled for March 13, 2002.
REG-137519-01(PDF, 19K)
Proposed amendments relate to the consolidated return regulations dealing with the nonapplicability of section 357(c) of the Code in a consolidated group. A public hearing is scheduled for March 21, 2002.
EMPLOYEE PLANS
Rev. Proc. 2001-55(PDF, 21K)
Qualified plans; extension of the remedial amendment period. This procedure extends the remedial amendment period under section 401(b) of the Code to February 28, 2002. For plans directly affected by the Terrorist Attack of September 11, 2001, the period is extended to June 30, 2002. Rev. Procs. 2000-20, 2000-27, and 2001-6 modified.
EMPLOYMENT TAX
Notice 2001-72(PDF, 18K)
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 2001-73(PDF, 28K)
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.
REG-142686-01(PDF, 49K)
Proposed regulations provide that for purposes of the Federal Insurance Contributions Act (FICA) and the Federal Unemployment Tax Act (FUTA), at the time of the exercise of a statutory stock option (i.e., an incentive stock option under section 422 of the Code or an option granted pursuant to an employee stock purchase plan under section 423 of the Code), the individual who was granted the statutory stock option receives wages. Therefore, FICA tax and FUTA tax are applicable at that time; however, income tax withholding is not required. A public hearing is scheduled for March 7, 2002.
ADMINISTRATIVE
Announcement 2001-117(PDF, 10K)
This announcement provides relief to partners, shareholders, or beneficiaries of passthrough entities that had income tax returns due on or after September 11, 2001, and on or before November 2, 2001.
Notice 2001-67(PDF, 50K)
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 2001-74(PDF, 19K)
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.
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