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.

Announcement 2002-41(PDF, 13K)
The Director of Practice has extended all enrollment cards of enrolled agents until April 30, 2002.

Announcement 2002-42(PDF, 13K)
The Director of Practice has extended all existing continuing professional education sponsor agreements through August 31, 2002.

INCOME TAX

Notice 2002-21(PDF, 21K)
This notice addresses a transaction generating tax losses based on an inflated basis in assets acquired from another party. The inflated basis is claimed as a result of a transfer of assets in which a taxpayer becomes jointly and severally liable on indebtedness of the transferor, with the indebtedness having a stated principal amount substantially in excess of the fair market value of the assets transferred. The notice states that the taxpayer's basis in the assets transferred is equal to the fair market value of such assets upon their acquisition by the taxpayer rather than the stated principal amount of the indebtedness.

Rev. Proc. 2002-20(PDF, 15K)
Guidance is provided to individuals who fail to meet the eligibility requirements of section 911(d)(1) of the Code because adverse conditions in a foreign country preclude the individual from meeting those requirements. A current list of countries and the dates those countries are subject to the section 911(d)(4) waiver is provided. Rev. Proc. 2001-27 supplemented.

Rev. Rul. 2002-17(PDF, 16K)
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 2002.

T.D. 8985(PDF, 70K)
Final regulations under section 1221 of the Code relate to the determination of the character of gain or loss from hedging transactions.

Announcement 2002-39(PDF, 19K)
Section 911(d)(4) waiver. This document contains correc-tions to final regulations (T.D. 8978, 2002-7 I.R.B. 500) relating to the excise taxes on excess benefit transactions.

EXCISE TAX

Announcement 2002-39(PDF, 19K)
Section 911(d)(4) waiver. This document contains correc-tions to final regulations (T.D. 8978, 2002-7 I.R.B. 500) relating to the excise taxes on excess benefit transactions.

Ct. D. 2073(PDF, 54K)
The Supreme Court has concluded, that under sections 4401(a), 1441, 3402(q), 6041, and 6050I of the Code, tribes are not exempt from paying the gambling-related taxes that Chapter 35 of the Code imposes. Chickasaw Nation v. United States.

TAX CONVENTIONS

Ghana(PDF, 153K)
The bilateral agreement between the United States and the Republic of Ghana, providing for the reciprocal tax exemption of income from the international operation of ships and/or aircraft, is set forth.

Announcement 2002-38(PDF, 14K)
This document contains corrections to proposed regulations (REG-112991-01, 2002-4 I.R.B. 404) relating to the computation of the research credit.

Notice 2002-22(PDF, 19K)
Guidance priority list. Public comments are requested about items that should be included in the Guidance Priority List for 2002-2003. All comments should be submitted by April 30, 2002.

Rev. Proc. 2002-22(PDF, 36K)
Undivided fractional interests in real estate. This procedure specifies the conditions under which the Service will consider a request for a ruling that an undivided fractional interest in rental real property (other than a mineral property as defined in section 614) is not an interest in a business entity within the meaning of section 301.7701-3 of the regulations. Rev. Proc. 2000-46 superseded. Rev. Proc. 2002-3 modified.