2003 Notices
A "Notice" is a public pronouncement that may contain guidance that involves substantive interpretations of the Code or other provisions of law. Notices may also be used for documents that would be appropriate for an "Announcement", but for the need to preserve the guidance in the Cumulative Bulletin, published twice a year. For example, "notices" can be used to relate what regulations will say in situations where the regulations may not be published in the immediate future. All notices published in the weekly IRB are also published in the Cumulative Bulletin.
Under Revenue Ruling 90-91, "for purposes of applying the substantial understatement portion of the accuracy-related penalty, ...all notices and announcements issued by the Service and published in the Internal Revenue Bulletin are considered authority and may be relied upon to the same extent as a revenue ruling or revenue procedure."
Notices are in the Adobe Acrobat PDF format.
Internal Revenue Bulletin Summary pages are in HTML format.
| Notices |
Bulletin |
Date of IRB |
 |
| Notice 2003-81(PDF, 52K) |
IRB #2003-51(HTML) |
Dec. 22, 2003 |
| Option; foreign currency. This notice describes a transaction in which a taxpayer claims a loss upon the assignment of a section 1256 contract to a charity, but fails to report the recognition of gain when the taxpayer's obligation under an offsetting non-section 1256 contract terminates. The notice identifies the described transaction and those that are substantially similar to that transaction as listed transactions. The notice holds that the taxpayer must either recognize gain when the option is assumed by the charity or must recognize the premium at the time the taxpayer's obligations under the option contract terminate. |
| Notice 2003-80(PDF, 27K) |
IRB #2003-51(HTML) |
Dec. 22, 2003 |
| Weighted average interest rate update. The weighted average interest rate for December 2003 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. |
| Notice 2003-79(PDF, 93K) |
IRB #2003-50(HTML) |
Dec. 15, 2003 |
| Section 1(h) of the Code provides that certain dividends paid to an individual shareholder from either a domestic corporation or a "qualified foreign corporation" are subject to tax at the reduced rates applicable to certain capital gains. This notice provides guidance for persons required to make returns and provide statements under section 6042 (e.g., Form 1099-DIV) regarding distributions with respect to securities issued by a foreign corporation, and for individuals receiving such statements. The notice also describes when a security (or an American depositary receipt in respect to such security) issued by a foreign corporation that is other than ordinary or common stock (such as preferred stock) will satisfy the readily tradable test. |
| Notice 2003-78(PDF, 53K) |
IRB #2003-50(HTML) |
Dec. 15, 2003 |
| This notice publishes the tier 2 Railroad Retirement Tax Act (RRTA) tax rates for 2004 under sections 3201(b), 3221(b), and 3211(b) of the Internal Revenue Code for railroad employees, employers, and employee representatives, respectively. For 2004, the tier 2 tax rate on employees is 4.9 percent of compensation and the tier 2 tax rate on employers and employee representatives is 13.1 percent of compensation. |
| Notice 2003-77(PDF, 53K) |
IRB #2003-49(HTML) |
Dec. 8, 2003 |
| Transfer to trusts to provide for the satisfaction of contested liabilities. This notice provides that certain transfers to trusts to provide for the satisfaction of contested liabilities under section 461(f) of the Code are listed transactions. |
| Notice 2003-76(PDF, 47K) |
IRB #2003-49(HTML) |
Dec. 8, 2003 |
| This notice sets out transactions that have been identified by the Treasury Department and the IRS as "listed transactions" for purposes of the regulations under sections 6011 and 6111 of the Code. Notice 2001-51 supplemented and superseded. |
| Notice 2003-75(PDF, 51K) |
IRB #2003-50(HTML) |
Dec. 15, 2003 |
| This notice describes the new simplified reporting regime for taxpayers who hold interests in Canadian registered retirement savings plans (RRSPs) and registered retirement income funds (RRIFs). The new reporting regime, which is effective for taxable years beginning after December 31, 2002, is in lieu of the Form 3520, Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts, and Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner, filing obligations that otherwise apply to U.S. citizens and resident aliens who hold interests in RRSPs and RRIFs and to the custodians of such plans. Notices 97-34 (section II-E), 2003-25, and 2003-57 superseded. |
| Notice 2003-74(PDF, 39K) |
IRB #2003-47(HTML) |
Nov. 24, 2003 |
| Weighted average interest rate update. The weighted average interest rate for November 2003 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. |
| Notice 2003-73(PDF, 53K) |
IRB #2003-45(HTML) |
Nov. 10, 2003 |
| Retirement plans; year 2004 section 415(d) limitations. This notice sets forth certain cost-of-living adjustments effective January 1, 2004, applicable to the dollar limits on benefits under qualified defined benefit pension plans and to other provisions affecting (1) certain plans of deferred compensation and (2) control employees. |
| Notice 2003-72(PDF, 23K) |
IRB #2003-44(HTML) |
Nov. 3, 2003 |
| This notice announces that the Internal Revenue Service will follow the Tax Court's decision in Walton v. Commissioner, 115 T.C. 589 (2000), holding that section 25.2702-3(e), Example 5, of the Gift Tax Regulations is invalid. |
| Notice 2003-71(PDF, 25K) |
IRB #2003-43(HTML) |
Oct. 27, 2003 |
| Section 1(h) of the Code provides that certain dividends paid to an individual shareholder from either a domestic corporation or a "qualified foreign corporation" are subject to tax at the reduced rates applicable to certain capital gains. The term "qualified foreign corporation" is defined to include possessions corporations and certain foreign corporations that are eligible for benefits of certain United States income tax treaties. A foreign corporation that is not otherwise treated as a qualified foreign corporation will be so treated with respect to any dividend it pays if the stock with respect to which the dividend is paid is readily tradable on an established securities market in the United States. This notice defines, for dividends received on or after January 1, 2003, what it means to be readily tradable on an established securities market in the United States. |
| Notice 2003-70(PDF, 82K) |
IRB #2003-43(HTML) |
Oct. 27, 2003 |
| This notice contains a proposed revenue procedure giving updated guidance to state and local government agencies on how they can serve as employment tax agents, under section 3504 of the Code, for participants in state or local government programs who employ home-care service providers to assist them in their homes. The Service seeks comments on the proposed revenue procedure. Notice 95-18 modified. Rev. Proc. 70-6 modified and superseded, in part. Rev. Proc. 80-4 modified and amplified. |
| Notice 2003-69(PDF, 26K) |
IRB #2003-42(HTML) |
Oct. 20, 2003 |
| Section 1(h) of the Code was amended by the Jobs and Growth Tax Relief Reconciliation Act of 2003 to provide that certain dividends paid to an individual shareholder from either a domestic corporation or a "qualified foreign corporation" are subject to tax at the reduced rates applicable to certain capital gains. The term "qualified foreign corporation" is defined to include certain foreign corporations that are eligible for benefits of a comprehensive income tax treaty with the United States, which the Secretary determines is satisfactory for purposes of this provision and which includes an exchange of information program. This notice provides a current list of U.S. income tax treaties that meet the requirements of section 1(h)(11)(C)(i)(II). |
| Notice 2003-68(PDF, 37K) |
IRB #2003-41(HTML) |
Oct. 14, 2003 |
| Qualified community development entity (CDE) loan purchases. The Treasury Department and the Service announce that they will clarify and amend the definition of a qualified low-income community investment under section 1.45D-1T(d)(1)(ii) of the regulations. |
| Notice 2003-67(PDF, 60K) |
IRB #2003-40(HTML) |
Oct. 6, 2003 |
| This notice provides guidance to brokers and individuals for information reporting of payments in lieu of dividends. |
| Notice 2003-66(PDF, 46K) |
IRB #2003-48(HTML) |
Dec. 1, 2003 |
| 2004 social security contribution and benefit base; domestic employee coverage threshold. The Commissioner of the Social Security Administration has announced (1) the OASDI contribution and benefit base for remuneration paid in 2004 and self-employment income earned in taxable years beginning in 2004, and (2) the domestic employee coverage threshold amount for 2004. |
| Notice 2003-65(PDF, 101K) |
IRB #2003-40(HTML) |
Oct. 6, 2003 |
| This notice provides two alternative safe harbors regarding the identification of built-in items under section 382(h) of the Code and requests comments on this subject. Notice 87-79 modified. |
| Notice 2003-64(PDF, 55K) |
IRB #2003-39(HTML) |
Sept. 29, 2003 |
| Investments through multiple CDEs. The Treasury Department and the Service announce that they will amend regulations section 1.45D-1T(d)(1)(iv) to include investments through two additional qualified community development entities (CDEs) described in section 45D(c) of the Code. |
| Notice 2003-63(PDF, 58K) |
IRB #2003-38(HTML) |
Sept. 22, 2003 |
| Weighted average interest rate update. The weighted average interest rate for September 2003 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. |
| Notice 2003-62(PDF, 59K) |
IRB #2003-38(HTML) |
Sept. 22, 2003 |
| Mortality tables; retirement plans. This notice seeks public comments with respect to the mortality tables in effect under section 412(l)(7)(C) of the Code and section 302(d)(7) of the Employee Retirement Income Security Act of 1974 (ERISA). |
| Notice 2003-61(PDF, 21K) |
IRB #2003-42(HTML) |
Oct. 20, 2003 |
| Weighted average interest rate update. The weighted average interest rate for October 2003 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. |
| Notice 2003-60(PDF, 82K) |
IRB #2003-39(HTML) |
Sept. 29, 2003 |
| This notice addresses a number of collection issues arising from the Supreme Court decision in United States v. Craft, 535 U.S. 274 (2002-38 I.R.B. 548), in which the Court held that the federal tax lien attaches to the rights of the delinquent taxpayer in property held as a tenancy by the entirety, even though state law insulates entireties property from the claims of creditors of only one spouse. |
| Notice 2003-59(PDF, 81K) |
IRB #2003-35(HTML) |
Sept. 2, 2003 |
| Uniform capitalization; methods of accounting. This notice modifies Notice 2003-36 to permit certain taxpayers to use the automatic approval procedures of Rev. Proc. 2002-9 to change their method of accounting to the simplified service cost or simplified production method for self-constructed assets for their most recent taxable year ending on or before May 8, 2003. This notice also informs taxpayers that, in the future, the Service and Treasury Department may provide guidance under which the automatic approval procedures will no longer apply to a method of accounting, effective for applications filed after such change is announced. Notice 2003-36 modified. |
| Notice 2003-58(PDF, 73K) |
IRB #2003-35(HTML) |
Sept. 2, 2003 |
| Weighted average interest rate update. The weighted average interest rate for August 2003 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. |
| Notice 2003-57(PDF, 100K) |
IRB #2003-34(HTML) |
Aug. 25, 2003 |
| This notice provides circumstances under which no Form 3520 or Form 3520-A with respect to certain Canadian retirement plans is required with respect to the 2002 taxable year, and guidance concerning compliance with Forms 3520 and 3520-A when required. |
| Notice 2003-56(PDF, 78K) |
IRB #2003-34(HTML) |
Aug. 25, 2003 |
| Equity investment prior to allocation. The Treasury Department and the Service announce that they will amend section 1.45D-1T(c)(3)(ii) of the temporary regulations to provide an exception permitting certain equity investments made on or after the date the Community Development Financial Institutions Fund publishes a Notice of Allocation Availability in the Federal Register, and before the receipt of a new markets tax credit allocation under section 45D(f)(2), to be designated as qualified equity investments under section 45D(b)(1)(C) of the Code. |
| Notice 2003-55(PDF, 96K) |
IRB #2003-34(HTML) |
Aug. 25, 2003 |
| This notice concerns the federal tax treatment of lease strips. Notice 95-53 modified and superseded. |
| Notice 2003-54(PDF, 81K) |
IRB #2003-33(HTML) |
Aug. 18, 2003 |
| This notice advises taxpayers and their representatives about a tax shelter that uses a common trust fund (CTF) to invest in offsetting gain and loss positions in foreign currencies for the purpose of creating losses for a high net worth taxpayer and notifies the taxpayers and their representatives that the claimed tax benefits purportedly generated by these transactions are not allowable for federal income tax purposes. The notice also states that this transaction is a "listed transaction" and warns of the potential penalties that may be imposed if taxpayers claim losses from such a transaction. |
| Notice 2003-53(PDF, 92K) |
IRB #2003-33(HTML) |
Aug. 18, 2003 |
| This notice provides modifications to the reporting requirements for distributions from Coverdell Education Savings Accounts (CESAs) for calendar years after 2002. |
| Notice 2003-52(PDF, 44K) |
IRB #2003-32(HTML) |
Aug. 11, 2003 |
| This notice clarifies the application of section 911 of the Code to U.S. citizens and residents earning income in Iraq attributable to services performed by such individuals. As long as individuals whose activities in Iraq are permitted by a specific or general license issued by Treasury's Office of Foreign Assets Control, those individuals are not subject to the limitations of section 911(d)(8)(A). |
| Notice 2003-51(PDF, 96K) |
IRB #2003-33(HTML) |
Aug. 18, 2003 |
| This notice accompanies Rev. Rul. 2003-76. The notice requests comments on possible additional guidance prescribing the tax treatment of partial exchanges of annuity contracts and also provides interim guidance. |
| Notice 2003-50(PDF, 58K) |
IRB #2003-32(HTML) |
Aug. 11, 2003 |
| This notice announces that regulations issued under section 269B of the Code will provide that a foreign corporation that is stapled to a domestic corporation will be treated as a domestic corporation for purposes of the definition of an includible corporation under section 1504(b) when applying sections 1.904(i)-1 and 1.861-11T(d)(6). Notice 89-94 modified. |
| Notice 2003-49(PDF, 61K) |
IRB #2003-32(HTML) |
Aug. 11, 2003 |
| EGTRRA; employee plans' user fees. This notice describes when a plan's EGTRRA remedial amendment period under section 401(b) of the Code is considered to begin for purposes of determining if a determination letter application is exempt from user fees. Notice 2002-1 amplified. |
| Notice 2003-48(PDF, 62K) |
IRB #2003-30(HTML) |
July 28, 2003 |
| Weighted average interest rate update. The weighted average interest rate for July 2003 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. |
| Notice 2003-47(PDF, 55K) |
IRB #2003-30(HTML) |
July 28, 2003 |
| This notice announces the Service's position regarding certain transactions involving the transfer of nonstatutory stock options to a related person in exchange for a long-term, unsecured deferred payment obligation. The notice provides that the transfer will not constitute an arm's length transaction for purposes of regulations section 1.83-7, and that the receipt of the deferred payment obligation will not result in a deferral of the recognition of income arising from the transfer. |
| Notice 2003-46(PDF, 31K) |
IRB #2003-28(HTML) |
July 14, 2003 |
| This notice announces the intention of the IRS and Treasury to withdraw the extraordinary transaction rule from the NPRM (REG-110385-99, 1999-2 C.B. 670) and to finalize the remaining portions of the NPRM. |
| Notice 2003-45(PDF, 30K) |
IRB #2003-29(HTML) |
July 21, 2003 |
| Depreciation, mid-quarter convention relief. This notice announces that a taxpayer qualifying under either Notice 2001-70 or Notice 2001-74 who filed a timely return for the taxable year that includes September 11, 2001, but failed to make the election provided under Notice 2001-70 or Notice 2001-74, is granted an automatic extension of time until December 31, 2003, to amend its tax return for the taxable year that includes September 11, 2001, and any subsequent taxable years, in order to make the election under Notice 2001-70 or Notice 2001-74 and reflect any necessary adjustments resulting from the election. Notices 2001-70 and 2001-74 amplified. |
| Notice 2003-44(PDF, 32K) |
IRB #2003-28(HTML) |
July 14, 2003 |
| 2003 marginal production rates. This notice announces the applicable percentage under section 613A of the Code to be used in determining percentage depletion for marginal properties for the 2003 calendar year. |
| Notice 2003-43(PDF, 28K) |
IRB #2003-28(HTML) |
July 14, 2003 |
| 2003 enhanced oil recovery credit. The enhanced oil recovery credit for taxable years beginning in the 2003 calendar year is determined without regard to the phase-out for crude oil price increases provided in section 43(b) of the Code. |
| Notice 2003-42(PDF, 38K) |
IRB #2003-28(HTML) |
July 14, 2003 |
| This notice provides guidance to issuing authorities on the deadline for assigning private activity bond volume cap under section 146 of the Code to other issuing authorities. It clarifies that the deadline for an issuing authority to assign any portion of its volume cap to another issuing authority in the state is the earlier of (1) February 15 of the calendar year following the year in which the state ceiling represented by that volume cap arises, or (2) the date of issue of bonds issued pursuant to the assignment of that portion of the volume cap. |
| Notice 2003-41(PDF, 31K) |
IRB #2003-28(HTML) |
July 14, 2003 |
| This notice provides guidance to state authorities responsible for allocating private activity bond state ceiling under section 146(e) of the Code. It clarifies that the deadline for allocating any portion of the state ceiling under section 146(e) is the earlier of (1) February 15 of the calendar year following the year in which the state ceiling arises, or (2) the date of issue of bonds issued pursuant to an allocation of that portion of the state ceiling. |
| Notice 2003-40(PDF, 81K) |
IRB #2003-27(HTML) |
July 7, 2003 |
| The Service clarifies the answers to six questions concerning taxexempt qualified New York Liberty Bonds issued under section 1400L(d) of the Code. |
| Notice 2003-39(PDF, 71K) |
IRB #2003-27(HTML) |
July 7, 2003 |
| This notice requests suggestions from the public regarding the creation of sample forms for charitable lead trusts. |
| Notice 2003-38(PDF, 62K) |
IRB #2003-27(HTML) |
July 7, 2003 |
| The Service announces a compliance initiative for nonresident aliens and foreign corporations that have not filed U.S. federal income tax returns, and that may consequently be denied deductions and credits pursuant to section 874(a) or 882(c)(2) of the Code. |
| Notice 2003-37(PDF, 97K) |
IRB #2003-26(HTML) |
June 30, 2003 |
| This notice provides a proposed revenue procedure that establishes an optional procedure for payors who make payments in the course of their trade or business through payment cards to determine whether the payments are reportable under sections 6041 and 6041A of the Code. |
| Notice 2003-36(PDF, 95K) |
IRB #2003-23(HTML) |
June 9, 2003 |
| Uniform capitalization; simplified service cost and simplified production methods. The Service and Treasury intend to publish guidance to clarify the types of property that qualify as eligible property for purposes of the simplified service cost and simplified production methods under the regulations under section 263A. Comments are requested. Also, taxpayers are informed of changes in the procedures for requesting approval of a change in method of accounting to one of these methods. Rev. Proc. 2002-9 suspended in part. |
| Notice 2003-35(PDF, 64K) |
IRB #2003-23(HTML) |
June 9, 2003 |
| This notice reminds taxpayers that an entity must be an insurance company for federal income tax purposes in order to qualify as exempt from tax under section 501(c)(15) of the Code. |
| Notice 2003-34(PDF, 80K) |
IRB #2003-23(HTML) |
June 9, 2003 |
| This notice identifies arrangements involving an investment in a purported insurance company organized offshore which invests in hedge funds or investments in which hedge funds typically invest. This notice alerts taxpayers to the fact that some of the arrangements may not qualify as insurance, some of the entities may not qualify as insurance companies, and the stakeholders involved may be subject to sections 1291-1298 of the Code (the passive foreign investment company rules). |
| Notice 2003-33(PDF, 64K) |
IRB #2003-23(HTML) |
June 9, 2003 |
| This notice provides guidance regarding the determination of the applicable date that terminates the election period under section 645 of the Code for trusts and estates of decedents dying before December 24, 2002. |
| Notice 2003-32(PDF, 28K) |
IRB #2003-21(HTML) |
May 27, 2003 |
| Weighted average interest rate update. The weighted average interest rate for May 2003 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. |
| Notice 2003-31(PDF, 30K) |
IRB #2003-21(HTML) |
May 27, 2003 |
| This notice announces that the Treasury Department and the Service intend to propose regulations providing guidance under section 501(m) of the Code, which will define the term "commercialtype insurance" and address how section 501(m) applies to organizations described in sections 501(c)(3) and 501(c)(4), including health maintenance organizations. This notice also requests comments on the content of the regulations to be proposed. Finally, this notice announces that, in light of the regulations project, the Service is withdrawing from the Internal Revenue Manual the sections of Part 7.8.1, Chapter 27, Exempt Organizations Examination Guidelines Handbook, Health Maintenance Organizations that relate to section 501(m) of the Code. |
| Notice 2003-30(PDF, 58K) |
IRB #2003-25(HTML) |
June 23, 2003 |
| Weighted average interest rate update. The weighted average interest rate for June 2003 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. |
| Notice 2003-29(PDF, 21K) |
IRB #2003-20(HTML) |
May 19, 2003 |
| Electricity produced from certain renewable resources; calendar year 2003 inflation adjustment factor and reference prices. This notice announces the calendar year 2003 inflation adjustment factor and reference prices for the renewable electricity production credit under section 45 of the Code. |
| Notice 2003-28(PDF, 37K) |
IRB #2003-22(HTML) |
June 2, 2003 |
| This notice clarifies that an Indian Tribal Government (ITG) or an organization an ITG has authorized to place Indian children is an authorized placement agency for purposes of section 32(c)(3)(B)(iii). |
| Notice 2003-27(PDF, 12K) |
IRB #2003-19(HTML) |
May 12, 2003 |
| Credit for sales of fuel produced from a nonconventional source, inflation adjustment factor, and reference price. This notice publishes the nonconventional source fuel credit, inflation adjustment factor, and reference price under section 29 of the Code for calendar year 2002. This data is used to determine the credit allowable on sales of fuel produced from a nonconventional source. |
| Notice 2003-26(PDF, 23K) |
IRB #2003-18(HTML) |
May 5, 2003 |
| Public comments are requested for items that should be included on the 2003-2004 Guidance Priority List. Taxpayers may submit recommendations at any time during the year. All recommendations received by May 15, 2003, will be reviewed for possible inclusion on the original 2003-2004 Guidance Priority List. Recommendations received after May 15, 2003, will be reviewed for inclusion in the quarterly updates if received by August 31, 2003; November 30, 2003; or February 28, 2004, respectively. |
| Notice 2003-25(PDF, 13K) |
IRB #2003-18(HTML) |
May 5, 2003 |
| Canadian retirement plan trust reporting. Extension of time to file 2002 Forms 3520 and 3520-A with respect to certain Canadian retirement plans and suspension of requirement to file Form 3520-A with respect to certain Canadian retirement plans for which an election has been made under Rev. Proc. 2002-23. |
| Notice 2003-24(PDF, 32K) |
IRB #2003-18(HTML) |
May 5, 2003 |
| Collectively-bargained welfare plans; section 419A(f)(5); listed transactions. This notice describes certain abusive situations that may arise where a trust arrangement seeks to qualify for the exception for collectively-bargained welfare benefit plans under section 419A(f)(5) of the Code. The notice states that the Service invites comments on the issue and that certain of the arrangements are listed transactions. |
| Notice 2003-23(PDF, 23K) |
IRB #2003-17(HTML) |
April 28, 2003 |
| Weighted average interest rate update. The weighted average interest rate for April 2003 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. |
| Notice 2003-22(PDF, 24K) |
IRB #2003-18(HTML) |
May 5, 2003 |
| This notice addresses an abusive arrangement designed to circumvent longstanding tax principles and enable the evasion of income and employment taxes on compensation income through the use of unrelated conduit domestic and foreign employee leasing companies. |
| Notice 2003-21(PDF, 44K) |
IRB #2003-17(HTML) |
April 28, 2003 |
| This notice provides guidance in a question and answer format on the tax relief provided under Executive Order No. 12744, 56 Fed. Reg. 2663 (Jan. 23, 1991), for U.S. military and support personnel involved in the military operations in the "Arabian Peninsula Areas" as defined by the Executive Order and listed in the notice. |
| Notice 2003-20(PDF, 36K) |
IRB #2003-19(HTML) |
May 12, 2003 |
| This notice describes the withholding and reporting requirements applicable to eligible deferred compensation plans described in section 457(b) of the Code for periods after December 31, 2001. Notice 2000-38 modified. |
| Notice 2003-19(PDF, 37K) |
IRB #2003-14(HTML) |
April 7, 2003 |
| This notice advises taxpayers of the proper address for filing certain elections, statements, and other documents with the Service as a result of the reorganization, including with respect to offices or officials that no longer exist as part of the reorganization. |
| Notice 2003-18(PDF, 47K) |
IRB #2003-14(HTML) |
April 7, 2003 |
| Disaster relief grants; businesses. This notice provides answers to frequently asked questions for businesses not exempt from federal income tax regarding the tax treatment of grant payments the Empire State Development Corporation, in coordination with the New York City Economic Development Corporation, will make under three grant programs to businesses located in the area of the World Trade Center attacks. |
| Notice 2003-17(PDF, 14K) |
IRB #2003-12(HTML) |
March 24, 2003 |
| Weighted average interest rate update. The weighted average interest rate for March 2003 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. |
| Notice 2003-16(PDF, 23K) |
IRB #2003-10(HTML) |
March 10, 2003 |
| Low-income housing tax credit; private activity bonds. Resident population figures of the various states are provided for purposes of determining the 2003 calendar year (1) state housing credit ceiling under section 42(h) of the Code, (2) private activity bond volume cap under section 146, and (3) private activity bond volume limit under section 142(k)(5). |
| Notice 2003-15(PDF, 23K) |
IRB #2003-9(HTML) |
March 3, 2003 |
| Finality of foreign adoptions. This notice provides a proposed revenue procedure that would establish certain safe harbors for determining the finality of the adoption of eligible foreign-born children for purposes of the adoption credit and the exclusion for employer-provided assistance for qualified adoption expenses. Comments are requested by June 2, 2003. |
| Notice 2003-14(PDF, 23K) |
IRB #2003-8(HTML) |
Feb. 24, 2003 |
| Weighted average interest rate update. The weighted average interest rate for February 2003 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. |
| Notice 2003-13(PDF, 29K) |
IRB #2003-8(HTML) |
Feb. 24, 2003 |
| This notice provides a proposed revenue procedure that would establish a procedure for a payment card organization to request a determination that it is a Qualified Payment Card Agent. A QPCA could act on behalf of cardholder/payors in soliciting, collecting, and validating merchants' names, Taxpayer Identification Numbers (TINs), and corporate status, and on behalf of merchant/payees in furnishing such information to cardholder/payors. |
| Notice 2003-12(PDF, 52K) |
IRB #2003-6(HTML) |
Feb. 10, 2003 |
| Nonaccrual experience (NAE) method. This notice provides interim guidance to taxpayers seeking to change to, or from, a nonaccrual experience (NAE) method of accounting pending issuance of final regulations under section 448(d)(5) of the Code, as amended by the Job Creation and Worker Assistance Act of 2002. Rev. Proc. 2002-9 modified. |
| Notice 2003-11(PDF, 16K) |
IRB #2003-6(HTML) |
Feb. 10, 2003 |
| Effective date of regulations under sections 6011 and 6112. This notice alerts the public that Treasury and the IRS will be providing some relief in regards to the effective dates of temporary regulations sections 1.6011-4T and 301.6112-1T that relate to tax shelter registrations. |
| Notice 2003-10(PDF, 26K) |
IRB #2003-5(HTML) |
Feb. 3, 2003 |
| Definition of early retirement benefits and retirement-type subsidies. The IRS and the Treasury intend to propose regulations and are requesting comments regarding benefits that are treated as early retirement benefits or retirement-type subsidies for purposes of section 411(d)(6)(B) of the Code, including guidance on the extent to which payments that are contingent on the occurrence of an unpredictable event are protected under section 411(d)(6)(B). Notice 2002-46 modified. |
| Notice 2003-9(PDF, 12K) |
IRB #2003-5(HTML) |
Feb. 3, 2003 |
| Equity investments prior to allocation. The Treasury Department and the Service announce that they will amend section 1.45D-1T(c)(3)(ii) of the temporary regulations to extend a deadline relating to certain equity investments made before the receipt of a new markets tax credit allocation under section 45D(f)(2) of the Code. |
| Notice 2003-8(PDF, 16K) |
IRB #2003-4(HTML) |
Jan. 27, 2003 |
| This notice advises that until further notice from the Service, no information reporting will be required under section 6045 of the Code with regard to securities futures contracts. |
| Notice 2003-7(PDF, 16K) |
IRB #2003-4(HTML) |
Jan. 27, 2003 |
| Weighted average interest rate update. The weighted average interest rate for January 2003 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. |
| Notice 2003-6(PDF, 23K) |
IRB #2003-3(HTML) |
Jan. 21, 2003 |
| Nondiscrimination rules; certain governmental plans. This document announces that the Service intends to issue regulations regarding how, and the extent to which, the nondiscrimination rules apply to governmental plans under section 414(d) of the Code other than those maintained by a state or local government, political subdivision, agency, or instrumentality thereof. Comments are requested regarding the content of these regulations. Notice 2001–46 modified. |
| Notice 2003-5(PDF, 42K) |
IRB #2003-3(HTML) |
Jan. 21, 2003 |
| This notice provides guidance relating to the application of separate foreign tax credit limitations under section 904 of the Code to dividends from a noncontrolled section 902 corporation (10/50 corporation) in taxable years beginning after December 31, 2002. |
| Notice 2003-4(PDF, 17K) |
IRB #2003-3(HTML) |
Jan. 21, 2003 |
| LIFO recapture installment payments. This document informs taxpayers of the federal income tax consequences of a failure to timely make an installment payment attributable to the LIFO recapture requirement of section 1363(d) of the Code. |
| Notice 2003-3(PDF, 24K) |
IRB #2003-2(HTML) |
Jan. 13, 2003 |
| This notice provides additional guidance on the methods of reporting required minimum distributions under section 408 of the Code. Notice 2002-27 clarified. |
| Notice 2003-2(PDF, 25K) |
IRB #2003-2(HTML) |
Jan. 13, 2003 |
| Required minimum distributions; section 1.401(a)(9)-6T of the regulations. This notice identifies issues and invites comments under section 1.401(a)(9)-6T of the temporary regulations where the Service and Treasury anticipate issuing regulations that will provide further guidance on the minimum distribution requirements of section 401(a)(9) of the Code. |
| Notice 2003-1(PDF, 18K) |
IRB #2003-2(HTML) |
Jan. 13, 2003 |
| Leave-based donation programs. This notice informs taxpayers that Notice 2001-69, 2001-2 C.B. 491, which provided interim guidance on certain leave-based donation programs, will not be extended to payments made on or after January 1, 2003. Notice 2001-69 modified and superseded. |
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