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

Notice 2003-38(PDF, 62K)
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 2003-40(PDF, 81K)
The Service clarifies the answers to six questions concerning taxexempt qualified New York Liberty Bonds issued under section 1400L(d) of the Code.

REG-122917-02(PDF, 262K)
Proposed regulations under sections 421, 422, 424, and 6039 of the Code provide guidance to taxpayers concerning statutory stock options. A public hearing is scheduled for September 2, 2003. EE-86-88 (LR-279-81, 1984-1 C.B. 715) withdrawn.

Rev. Rul. 2003-71(PDF, 79K)
Federal rates; adjusted federal rates; adjusted federal longterm 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 July 2003.

GIFT TAX

Notice 2003-39(PDF, 71K)
This notice requests suggestions from the public regarding the creation of sample forms for charitable lead trusts.

Rev. Rul. 2003-70(PDF, 86K)
Small employer plan exception to the COBRA continuation coverage requirements in mergers and acquisitions. Guidance is provided on when a group health plan maintained by an employer that grows to have more than 20 employees through a stock or asset acquisition is required to begin complying with the COBRA continuation coverage requirements.

ESTATE TAX

Notice 2003-39(PDF, 71K)
This notice requests suggestions from the public regarding the creation of sample forms for charitable lead trusts.

EXCISE TAX

Rev. Rul. 2003-70(PDF, 86K)
Small employer plan exception to the COBRA continuation coverage requirements in mergers and acquisitions. Guidance is provided on when a group health plan maintained by an employer that grows to have more than 20 employees through a stock or asset acquisition is required to begin complying with the COBRA continuation coverage requirements.

T.D. 9061(PDF, 93K)
REG-107618-02(PDF, 87K)
Final, temporary, and proposed regulations under section 6081 of the Code provide an automatic extension of time to file certain information returns and exempt organization returns. The temporary regulations remove the requirement for a signature and an explanation to obtain an automatic extension of time to file these returns.

Rev. Proc. 2003-45(PDF, 69K)
LIFO; methods of accounting; automatic consent. For certain accounting method changes within the inventory price index computation (IPIC) method of accounting for last-in, firstout (LIFO) inventories, the 5-year prior change scope limitation in section 4.02(6) of Rev. Proc. 2002-9, 2002-1 C.B. 327, is waived. Rev. Proc. 2002-9 modified.