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 2003-7(PDF, 23K)
This announcement provides transition rules for corporations and brokers required under sections 1.6043-4T and 1.6045-3T (T.D. 9022, 2002-48 I.R.B. 909) to file and furnish Form 1099-CAP with respect to acquisitions of control and substantial changes in corporate structure occurring in 2002. Affected corporations and brokers will not be required to file Form 1099-CAP for transactions occurring in 2002. In lieu of furnishing Form 1099-CAP to shareholders and actual stock owners, the corporations and brokers must furnish a letter containing specified language.

INCOME TAX

Announcement 2003-7(PDF, 23K)
This announcement provides transition rules for corporations and brokers required under sections 1.6043-4T and 1.6045-3T (T.D. 9022, 2002-48 I.R.B. 909) to file and furnish Form 1099-CAP with respect to acquisitions of control and substantial changes in corporate structure occurring in 2002. Affected corporations and brokers will not be required to file Form 1099-CAP for transactions occurring in 2002. In lieu of furnishing Form 1099-CAP to shareholders and actual stock owners, the corporations and brokers must furnish a letter containing specified language.

Notice 2003-11(PDF, 16K)
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 2003-12(PDF, 52K)
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.

Rev. Proc. 2003-17(PDF, 65K)
Insurance companies; loss reserves; discounting unpaid losses. The loss payment patterns and discount factors are set forth for the 2002 determination year. These factors will be used to compute discounted unpaid losses under section 846 of the Code.

Rev. Proc. 2003-18(PDF, 34K)
Insurance companies; discounted estimated salvage recoverable. The salvage discount factors are set forth for 2002. These factors must be used to compute discounted estimated salvage recoverable under section 832 of the Code.

Rev. Proc. 2003-20(PDF, 37K)
Inventories; lower of cost or market; vehicle parts cores. This procedure provides a safe harbor method of accounting for the valuation of a taxpayer's inventory of vehicle parts cores. The safe harbor method is available to remanufacturers and rebuilders of motor vehicle parts, as well as resellers of remanufactured and rebuilt motor vehicle parts, that use the lower of cost or market inventory valuation method to value their inventory of cores held for remanufacturing or sale. Automatic method change procedures are also provided for taxpayers wishing to change to the safe harbor method. Rev. Proc. 2002-9 modified and amplified.

Rev. Rul. 2003-16(PDF, 24K)
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 January 2003.

Rev. Rul. 2003-17(PDF, 22K)
Foreign life insurance companies. This ruling discusses whether a foreign life insurance company carrying on an insurance business in the United States determines the amount of income effectively connected with its U.S. business under section 842(a) of the Code based exclusively on the amount of income reported by the business on its NAIC statement.

T.D. 9029(PDF, 82K)
Final regulations under section 6050S of the Code provide guidance to eligible educational institutions on the information reporting requirements for qualified tuition and related expenses. The regulations under section 6011(e) require certain information returns to be filed on magnetic media.

Announcement 2003-6(PDF, 17K)
This announcement contains a change in the hearing date for REG-209500-86 and REG-164464-02, 2003-2 I.R.B. 262, from April 10, 2003, to April 9, 2003. These regulations provide rules regarding the requirements that accruals or allocations under certain retirement plans not cease or be reduced because of the attainment of any age.

Rev. Proc. 2003-21(PDF, 21K)
This procedure allows for relief for certain exempt organizations (other than private foundations) organized in U.S. possessions from the requirement of filing an annual information return on Form 990, Return of Organization Exempt From Income Tax. The procedure applies to U.S. possession organizations described in section 501(c)(3) of the Code (other than private foundations) that normally do not have more than $25,000 in annual gross receipts from sources within the United States and have no significant activity in the United States. Rev. Proc. 83-23 supplemented.

Announcement 2003-8(PDF, 17K)
This document contains corrections to final regulations (T.D. 9002, 2002-29 I.R.B. 120) relating to the agent for subsidiaries of an affiliated group that files a consolidated return.

Notice 2003-11(PDF, 16K)
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.

T.D. 9027(PDF, 30K)
Final regulations under section 6331 of the Code provide for the prohibition of levy while an installment agreement is pending with the Secretary, while an installment agreement is in effect, and following the rejection or termination of an installment agreement. The regulations clarify when levy is prohibited and the effect of that prohibition on the statute of limitations for collection. They also provide that the IRS may not refer a case to the Department of Justice for the commencement of a proceeding in court for the collection of a tax included in a proposed or active installment agreement while levy is prohibited by this section.

T.D. 9028(PDF, 60K)
Final regulations under section 7602(c) of the Code describe the rules and exceptions which prohibit IRS employees from contacting any person other than the taxpayer for determination or collection of the taxpayer's liability.