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

Rev. Proc. 2002-48(PDF, 16K)
This procedure provides guidance to issuers of state or local bonds for requesting an extension of time to file, or for amending the statement of information required by section 149(e) of the Code. In general, these statements must be filed on Forms 8038, 8038-G, or 8038-GC. Rev. Proc. 88-10 superseded.

Rev. Rul. 2002-56(PDF, 9K)
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 2002 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. 2002-57(PDF, 16K)
LIFO; price indexes; department stores. The July 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, July 31, 2002.

Rev. Rul. 2002-54(PDF, 27K)
Tax-exempt electric cooperatives. A tax-exempt electric co-operative’s distribution and sale of propane in tanks to members is not a tax-exempt activity under section 501(c)(12)(A) of the Code and may adversely affect its tax-exempt status under section 501(c)(12). If the tax-exempt status of the electric co-operative is not adversely affected, income derived from this activity is unrelated business income and subject to unrelated business income tax. The income is treated as nonmember income for purposes of calculating the 85 percent member income test under section 501(c)(12)(A).

Rev. Rul. 2002-55(PDF, 19K)
Cooperative exempt from federal income tax. A cooperative exempt from federal income tax under section 501(c)(12) of the Code is not required to include income of its subsidiary for purposes of calculating the 85 percent member income test.

EXCISE TAX

Announcement 2002-82(PDF, 13K)
This document extends the time for comments and requests for a public hearing to December 4, 2002, for REG-103829-99, 2002-27 I.R.B. 59. These proposed regulations relate to the definition of a highway vehicle for purposes of various excise taxes.

Announcement 2002-81(PDF, 13K)
This document contains corrections to proposed regulations under section 482 of the Code (REG-106359-02, 2002-34 I.R.B. 405) that provide guidance regarding the application of the rules governing qualified cost sharing arrangements.

Announcement 2002-84(PDF, 14K)
This document contains a notice of public hearing on proposed regulations (REG-108697-02, 2002-19 I.R.B. 918) relating to required minimum distributions for defined benefit plans and annuity contracts providing benefits under qualified plans, individual retirement plans, and section 403(b) contracts. A public hearing is scheduled for October 9, 2002.