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

Announcement 2002-83(PDF, 16K)
This document contains corrections to final regulations (T.D. 9003, 2002-32 I.R.B. 294) providing guidance to married individuals filing joint returns who seek relief from joint and several liability.

Ct. D. 2075(PDF, 86K)
Tax Liens. The Supreme Court has concluded that under section 6321 of the Code the husband’s interests in the entireties property constitute “property” or “rights to property” to which a federal tax lien may attach. United States v. Craft.

Rev. Rul. 2002-58(PDF, 17K)
This ruling clarifies that amounts reimbursed under a self-insured medical expense reimbursement plan for medical expenses incurred by an employee prior to the adoption of the plan are not excludable from the gross income of the employee under section 105(b) of the Code.

Rev. Rul. 2002-59(PDF, 26K)
Interest rates; underpayments and overpayments. The rate of interest determined under section 6621 of the Code for the calendar quarter beginning October 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.

T.D. 9013(PDF, 62K)
Final regulations under section 469 of the Code recharacterize a percentage of certain portfolio income and expense as passive income and expense when a taxpayer engages in a lending transaction with a partnership or S corporation in which the taxpayer owns a direct or indirect interest and the loan proceeds are used in a passive activity.

Notice 2002-61(PDF, 14K)
Weighed average interest rate update. The weighted average interest rate for September 2002 and the resulting permissible range of interest rates used to calculate current liability for purposes of the full funding limitation of section 412(c)(7) of the Code are set forth.

Rev. Rul. 2002-58(PDF, 17K)
This ruling clarifies that amounts reimbursed under a self-insured medical expense reimbursement plan for medical expenses incurred by an employee prior to the adoption of the plan are not excludable from the gross income of the employee under section 105(b) of the Code.

Announcement 2002-88(PDF, 20K)
A list is provided of organizations now classified as private foundations.