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

Ct. D. 2074(PDF, 37K)
Lookback period. The Supreme Court has concluded that under sections 6501, 6322, and 6323 of the Code, the look-back period is tolled during the pendency of a prior bankruptcy petition. Young, et ux., v. United States.

T.D. 8989(PDF, 42K)
REG-107184-00(PDF, 20K)
Final, temporary, and proposed regulations are designed to eliminate regulatory impediments to the electronic filing of Form 1040, U.S. Individual Income Tax Return.

T.D. 8988(PDF, 81K)
REG-163892-01(PDF, 22K)
Temporary and proposed regulations under section 355(e) of the Code relate to the recognition of gain on certain distributions of stock or securities of a controlled corporation in connection with an acquisition. These regulations provide guidance on whether an acquisition is part of a plan that includes the distribution. The proposed regulations withdraw REG-107566-00 (2001-1 C.B. 346).

Rev. Proc. 2002-32(PDF, 37K)
Waiver of 60-month bar on reconsolidation after disaffiliation. This procedure provides guidance to certain taxpayers in obtaining a waiver of the general rule of section 1504(a)(3)(A) of the Code barring a corporation from filing a consolidated return with a group of which it had ceased to be a member for 60 months following the year of disaffiliation. Rev. Proc. 91-71 clarified and superseded.

Rev. Rul. 2002-27(PDF, 30K)
Cafeteria plans. Cafeteria plans may use an automatic enrollment process whereby the employee's salary is reduced each year to pay for a portion of the group health coverage under the plan unless the employee affirmatively elects cash. In addition, employers may treat all participants as being in the cafeteria plan for section 415 purposes even though the plan mandates salary reduction and coverage for uninsured participants.

Rev. Rul. 2002-29(PDF, 17K)
LIFO; price indexes; department stores. The March 2002 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, 2002.

T.D. 8990(PDF, 48K)
Final regulations under section 1092 of the Code provide rules under which equity options with flexible terms and certain qualifying over-the-counter options may, under certain conditions, be eligible for qualified covered call treatment. This regulation also provides a maximum term limitation of 33 months for certain qualified covered calls.

Rev. Rul. 2002-27(PDF, 30K)
Cafeteria plans. Cafeteria plans may use an automatic enrollment process whereby the employee's salary is reduced each year to pay for a portion of the group health coverage under the plan unless the employee affirmatively elects cash. In addition, employers may treat all participants as being in the cafeteria plan for section 415 purposes even though the plan mandates salary reduction and coverage for uninsured participants.

Rev. Rul. 2002-28(PDF, 47K)
Private foundation transfer of assets; notification, filing, and other implications. This ruling addresses a private foundation's responsibilities relating to sections 507 and 4940 through 4945 of the Code and its tax return filing obligations in sections 6033 and 6043 when it transfers all of its assets to one or more effectively controlled private foundations.

Rev. Proc. 2002-33(PDF, 32K)
Additional first year depreciation. This procedure provides ways for taxpayers to claim the additional first year depreciation and other deductions for qualified property or qualified New York Liberty Zone (Liberty Zone) property that the taxpayers did not claim on their federal tax returns filed before June 1, 2002. This procedure also explains how taxpayers may elect not to deduct the additional first year depreciation for qualified property and Liberty Zone property. Rev. Proc. 2002-9 modified and amplified.