| Revenue Procedures |
Bulletin |
Date of IRB |
 |
| Rev. Proc. 2004-73(PDF, 51K) |
IRB #2004-51(HTML) |
Dec. 20, 2004 |
| This procedure provides guidance concerning when information shown on a return in accordance with the applicable forms and instructions will be adequate disclosure for purposes of reducing an understatement of income tax under sections 6662(d) and 6694(a) of the Code. Rev. Proc. 2003-77 updated. |
| Rev. Proc. 2004-72(PDF, 41K) |
IRB #2004-52(HTML) |
Dec. 27, 2004 |
| This procedure allocates the national limitation of $400 million for year 2005 for Qualified Zone Academy Bonds (QZABs) among the States ("States" includes the District of Columbia and possessions of the U.S. (American Samoa, Northern Marianas, Puerto Rico, Guam, and the Virgin Islands)). The procedure implements the amendments to section 1397E(e)(1) of the Code made by section 304 of the Working Families Tax Relief Act of 2004, which extended the authority to issue QZABs in the amount of $400 million each for years 2004 and 2005. |
| Rev. Proc. 2004-71(PDF, 84K) |
IRB #2004-50(HTML) |
Dec. 13, 2004 |
| Cost-of-living adjustments for 2005. This procedure provides cost-of-living adjustments for the tax rate tables for individuals, estates, and trusts, the standard deduction amounts, the personal exemption, and several other items that use the adjustment method provided for the tax rate tables. The Service also provides the adjustment for eligible long-term care premiums and another item that uses the adjustment method provided for eligible long-term care premiums. |
| Rev. Proc. 2004-70(PDF, 70K) |
IRB #2004-49(HTML) |
Dec. 6, 2004 |
| Insurance companies; discounted estimated salvage recoverable. The salvage discount factors are set forth for the 2004 accident year. These factors will be used to compute discounted estimated salvage recoverable under section 832 of the Code. |
| Rev. Proc. 2004-69(PDF, 111K) |
IRB #2004-49(HTML) |
Dec. 6, 2004 |
| Insurance companies; loss reserves; discounting unpaid losses. The loss payment patterns and discount factors are set forth for the 2004 accident year. These factors will be used to compute discounted unpaid losses under section 846 of the Code. |
| Rev. Proc. 2004-68(PDF, 54K) |
IRB #2004-50(HTML) |
Dec. 13, 2004 |
| This procedure provides exceptions to the brief asset holding period filter, which is a reportable transaction under section 1.6011-4(b)(7) of the regulations. |
| Rev. Proc. 2004-67(PDF, 78K) |
IRB #2004-50(HTML) |
Dec. 13, 2004 |
| This procedure provides exceptions to the book-tax filter, which is a reportable transaction under section 1.6011-4(b)(6) of the regulations. Rev. Proc. 2003-25 modified and superseded. |
| Rev. Proc. 2004-66(PDF, 95K) |
IRB #2004-50(HTML) |
Dec. 13, 2004 |
| This procedure provides exceptions to the loss transaction filter, which is a reportable transaction under section 1.6011-4(b)(5) of the regulations. Rev. Proc. 2003-24 modified and superseded. |
| Rev. Proc. 2004-65(PDF, 86K) |
IRB #2004-50(HTML) |
Dec. 13, 2004 |
| This procedure provides exceptions to the contractual protection filter, which is a reportable transaction under section 1.6011-4(b)(4) of the regulations. |
| Rev. Proc. 2004-64(PDF, 140K) |
IRB #2004-49(HTML) |
Dec. 6, 2004 |
| Optional standard mileage rates. This procedure announces 40.5 cents as the optional rate for deducting or accounting for expenses for business use of an automobile, 14 cents as the optional rate for use of an automobile as a charitable contribution, and 15 cents as the optional rate for use of an automobile as a medical or moving expense for 2005. It provides rules for substantiating the deductible expenses of using an automobile for business, moving, medical, or charitable purposes. Rev. Proc. 2003-76 superseded. |
| Rev. Proc. 2004-63(PDF, 319K) |
IRB #2004-45(HTML) |
Nov. 8, 2004 |
| This procedure provides specifications for filing Form 1042-S, Foreign Person’s U.S. Source Income Subject to Withholding, Electronically or Magnetically. The procedure will be reprinted as the current revision of Publication 1187. Rev. Proc. 2003-83 superseded. |
| Rev. Proc. 2004-62(PDF, 901K) |
IRB #2004-44(HTML) |
Nov. 1, 2004 |
| Substitute tax forms and schedules. Requirements are set forth for privately designed and printed federal tax forms and conditions under which the Service will accept computerprepared, and computer-generated tax forms and schedules. Rev. Proc. 2003-73 superseded. Finding Lists begin on page ii. |
| Rev. Proc. 2004-61(PDF, 56K) |
IRB #2004-43(HTML) |
Oct. 25, 2004 |
| This procedure allocates the national limitation of $400 million for year 2004 for Qualified Zone Academy Bonds (QZABs) among the states ("states" includes the District of Columbia and possessions of the U.S. (American Samoa, Northern Marianas, Puerto Rico, Guam, and the Virgin Islands)). The procedure implements the amendments to section 1397E(e)(1) of the Code made by section 304 of the Working Families Tax Relief Act of 2004, which extended the authority to issue QZABs in the amount of $400 million each for years 2004 and 2005. |
| Rev. Proc. 2004-60(PDF, 125K) |
IRB #2004-42(HTML) |
Oct. 18, 2004 |
| Per diem allowances. This procedure provides rules for deeming substantiated the amount of certain reimbursed traveling expenses of an employee as well as optional rules for determining the amount of deductible meals and incidental expenses while traveling away from home. Rev. Proc. 2003-80 superseded. |
| Rev. Proc. 2004-59(PDF, 105K) |
IRB #2004-42(HTML) |
Oct. 18, 2004 |
| This procedure describes the section 1441 Voluntary Compliance Program (VCP) which is available to certain withholding agents with respect to the withholding, payment, and reporting of certain taxes due on payments to foreign persons. |
| Rev. Proc. 2004-58(PDF, 1362K) |
IRB #2004-41(HTML) |
Oct. 12, 2004 |
| General rules and specifications for private printing of substitute forms. This procedure provides requirements for reproducing paper substitutes and for furnishing substitute recipient statements for Forms 1096, 1098, 1099, 5498, W-2G, and 1042-S. It will be reproduced as the next revision of Publication 1179. Rev. Proc. 2003-28 superseded. |
| Rev. Proc. 2004-57(PDF, 45K) |
IRB #2004-38(HTML) |
Sept. 20, 2004 |
| This procedure allows taxpayers additional time to file the written statement required by Rev. Proc. 2004-23, 2004-16 I.R.B. 785, relating to changes in methods of accounting for costs to acquire or create intangible assets. Rev. Proc. 2004-23 modified. |
| Rev. Proc. 2004-56(PDF, 153K) |
IRB #2004-35(HTML) |
Aug. 30, 2004 |
| Section 457(b) plan model amendments for governmental plans. This procedure provides model amendments that may be used by a state or local government eligible employer (as defined in section 457(e)(1)(A) of the Code) to amend or draft its eligible section 457(b) plan to reflect the requirements of section 457 and the regulations thereunder. Rev. Proc. 98-41 superseded. |
| Rev. Proc. 2004-55(PDF, 45K) |
IRB #2004-34(HTML) |
Aug. 23, 2004 |
| This procedure provides the domestic asset/liability percentages and domestic investment yield percentages needed by foreign insurance companies to compute their minimum effectively connected net investment income for taxable years beginning after December 31, 2002. |
| Rev. Proc. 2004-54(PDF, 476K) |
IRB #2004-34(HTML) |
Aug. 23, 2004 |
| Specifications are set forth for the private printing of paper and laser-printed substitutes for tax year 2004 Form W-2, Wage and Tax Statement, and Form W-3, Transmittal of Wage and Tax Statements. Rev. Proc. 2003-30 superseded. |
| Rev. Proc. 2004-53(PDF, 85K) |
IRB #2004-34(HTML) |
Aug. 23, 2004 |
| This procedure explains both the standard procedure and an alternate procedure for preparing and filing Form W-2, Wage and Tax Statement; Form 941, Employer’s Quarterly Federal Tax Return; Form W-4, Employee’s Withholding Allowance Certificate; and Form W-5, Earned Income Credit Advance Payment Certificate, in certain acquisitions. It also provides guidance on the new schedule (Schedule D (Form 941), Report of Discrepancies Caused by Acquisitions, Statutory Mergers, or Consolidations) that employers will be able to use to explain discrepancies between Forms W-2 and 941. Rev. Proc. 96-60 superseded and Rev. Rul. 62-60 amplified. |
| Rev. Proc. 2004-52(PDF, 63K) |
IRB #2004-34(HTML) |
Aug. 23, 2004 |
| Low-income housing tax credit. This procedure publishes the amounts of unused housing credit carryovers allocated to qualified states under section 42(h)(3)(D) of the Code for calendar year 2004. |
| Rev. Proc. 2004-51(PDF, 73K) |
IRB #2004-33(HTML) |
Aug. 16, 2004 |
| Like-kind exchanges using qualified exchange accommodation arrangements. This procedure modifies Rev. Proc. 2000-37, 2000-2 C.B. 308, to provide that the safe harbor of Rev. Proc. 2000-37 does not apply to replacement property held in a qualified exchange accommodation arrangement if the property is owned by a taxpayer within the 180-day period ending on the date of transfer of qualified indicia of ownership of the property to an exchange accommodation titleholder. Rev. Proc. 2000-37 modified. |
| Rev. Proc. 2004-50(PDF, 607K) |
IRB #2004-33(HTML) |
Aug. 16, 2004 |
| Electronic filing; magnetic media; 2004 form specifications. Specifications are set forth for the electronic or magnetic filing of 2004 Forms 1098, 1099, 5498, and W-2G. Rev. Proc. 2003-52 superseded. |
| Rev. Proc. 2004-49(PDF, 74K) |
IRB #2004-33(HTML) |
Aug. 16, 2004 |
| This procedure grants relief to S corporations that had a QSub election of a subsidiary terminate as a result of a transfer described in Situation 2 of Rev. Rul. 2004-85. |
| Rev. Proc. 2004-48(PDF, 82K) |
IRB #2004-32(HTML) |
Aug. 9, 2004 |
| This document provides that certain eligible entities may request relief for a late S corporation election and a late election to be classified as an association taxable as a corporation within 18 months of the original due date of the S corporation election (but in no event later than 6 months after the due date of the tax return, excluding extensions, for the first year the entity intended to be an S corporation). |
| Rev. Proc. 2004-47(PDF, 91K) |
IRB #2004-32(HTML) |
Aug. 9, 2004 |
| This document provides a simplified alternate procedure (in lieu of requesting a letter ruling) for certain executors of estates and trustees of trusts to request relief to make a late reverse qualified terminable interest property (QTIP) election under section 2652 of the Code. |
| Rev. Proc. 2004-46(PDF, 105K) |
IRB #2004-31(HTML) |
Aug. 2, 2004 |
| This procedure provides a simplified alternate method for certain taxpayers to obtain an extension of time under section 301.9100–3 of the regulations to make an allocation of the generation-skipping transfer exemption in accordance with section 2642(b)(1) of the Code. Notice 2001–50 modified. |
| Rev. Proc. 2004-45(PDF, 98K) |
IRB #2004-31(HTML) |
Aug. 2, 2004 |
| This procedure provides alternative disclosure procedures that are deemed to satisfy a taxpayer’s disclosure obligations under section 1.6011–4 of the regulations for transactions with a significant book-tax difference under section 1.6011–4(b)(6). Taxpayers also may continue to follow the disclosure procedures provided in section 1.6011–4 for disclosing transactions described in section 1.6011–4(b)(6). |
| Rev. Proc. 2004-44(PDF, 178K) |
IRB #2004-31(HTML) |
Aug. 2, 2004 |
| Minimum funding standards; amortization; extensions. This procedure sets forth guidelines for requesting extensions of the amortization period of the minimum funding standards with respect to defined benefit plans under section 412(e) of the Code. Rev. Proc. 79–61 superseded. Rev. Proc. 2004–4 modified. |
| Rev. Proc. 2004-43(PDF, 272K) |
IRB #2004-31(HTML) |
Aug. 2, 2004 |
| This document 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 and the regulations thereunder. This procedure classifies businesses by Merchant Category Codes (MCCs), or other similar codes, according to whether they predominantly furnish services or predominantly provide goods. |
| Rev. Proc. 2004-42(PDF, 129K) |
IRB #2004-31(HTML) |
Aug. 2, 2004 |
| This procedure provides the requirements for a payment card organization to request and obtain an IRS determination that it is a Qualified Payment Card Agent (QPCA) for purposes of the related final regulations under sections 3406 and 6724 of the Code that address the information reporting and backup withholding requirements for payment card transactions. |
| Rev. Proc. 2004-41(PDF, 112K) |
IRB #2004-30(HTML) |
July 26, 2004 |
| This procedure describes circumstances under which an insurance company that makes incentive payments to health care providers will be permitted to deduct those payments without regard to section 404 of the Code. The procedure also provides automatic consent procedures for a taxpayer to change its method of accounting for such payments. Rev. Proc. 2002–9 modified and amplified. |
| Rev. Proc. 2004-40(PDF, 176K) |
IRB #2004-29(HTML) |
July 19, 2004 |
| This procedure explains the manner in which taxpayers may request an advance pricing agreement (APA) from the APA Program within the Office of the Associate Chief Counsel (International), the manner in which such a request will be processed by the APA Program, and the effect and administration of APAs. Rev. Proc. 96–53 and Notice 98–65 superseded. |
| Rev. Proc. 2004-39(PDF, 64K) |
IRB #2004-29(HTML) |
July 19, 2004 |
| This document sets forth procedures for determining whether a qualified residential rental project is in compliance with the applicable set-aside requirements contained in section 142(d) of the Code during the qualified project period (as defined in section 142(d)(2)(A)). |
| Rev. Proc. 2004-38(PDF, 243K) |
IRB #2004-27(HTML) |
July 6, 2004 |
| This procedure informs owners of qualified low-income housing projects how to obtain the waiver of annual recertification of tenant income provided in section 42(g)(8)(B) of the Code. New Form 8877, Request for Waiver of Annual Income Recertification Requirement for the Low-Income Housing Credit, will be used to make the request. Rev. Proc. 94–64 superseded. |
| Rev. Proc. 2004-37(PDF, 64K) |
IRB #2004-26(HTML) |
June 28, 2004 |
| This procedure provides a method for determining the source of a pension payment to a nonresident alien from a defined benefit plan where the trust forming part of the plan is a trust created or organized in the United States that constitutes a qualified trust under section 401(a) of the Code. Rev. Proc. 2004–7 amplified. |
| Rev. Proc. 2004-36(PDF, 95K) |
IRB #2004-24(HTML) |
June 14, 2004 |
| This procedure provides a safe harbor method of accounting that allows film producers to amortize certain creative property costs ratably over a period of 15 years beginning in the year the creative property costs are written off for book purposes under AICPA Statement of Position (SOP) 00–2, “Accounting for Producers or Distributors of Film.” Rev. Proc. 2002–9 modified and amplified. |
| Rev. Proc. 2004-35(PDF, 44K) |
IRB #2004-23(HTML) |
June 7, 2004 |
| This procedure concerns automatic relief to file certain late shareholder consents to be an S corporation. |
| Rev. Proc. 2004-34(PDF, 125K) |
IRB #2004-22(HTML) |
June 1, 2004 |
| This procedure provides a method of accounting under which taxpayers using an accrual method of accounting may defer including all or part of certain advance payments in gross income until the year after the year the payment is received. Rev. Proc. 71-21 modified and superseded and Rev. Proc. 2002-9 modified and amplified. |
| Rev. Proc. 2004-33(PDF, 55K) |
IRB #2004-22(HTML) |
June 1, 2004 |
| This procedure describes conditions under which the Commissioner will allow a taxpayer to treat its income from credit card late fees as interest income on a pool of credit card loans. This document also provides automatic consent procedures for a taxpayer to change its method of accounting for credit card late fee income to a method that treats these fees as interest that creates or increases the amount of OID on a pool of credit card loans to which the fees relate. Rev. Proc. 2002-9 modified and amplified. |
| Rev. Proc. 2004-32(PDF, 83K) |
IRB #2004-22(HTML) |
June 1, 2004 |
| This document provides automatic consent procedures for taxpayers to change their method of accounting to a method that complies with Rev. Rul. 2004-52, in this Bulletin, or to the Ratable Inclusion Method for Credit Card Annual Fees described in this revenue procedure. Rev. Proc. 2002-9 modified and amplified. |
| Rev. Proc. 2004-31(PDF, 80K) |
IRB #2004-22(HTML) |
June 1, 2004 |
| Changes in method of accounting for transfers to trusts under section 461(f). This document provides procedures for taxpayers to change their method of accounting for deducting under section 461(f) of the Code amounts transferred to trusts in transactions described in Notice 2003-77, 2003-49 I.R.B. 1182. |
| Rev. Proc. 2004-30(PDF, 64K) |
IRB #2004-21(HTML) |
May 24, 2004 |
| This procedure provides automatic consent procedures for taxpayers to change their method of accounting for income from REMIC inducement fees to a safe harbor method set forth in T.D. 9128. Rev. Proc. 2002-9 modified and amplified. |
| Rev. Proc. 2004-29(PDF, 461K) |
IRB #2004-20(HTML) |
May 17, 2004 |
| Use of statistical sampling under section 274(n). This procedure provides the statistical sampling methodology by which a taxpayer may establish the amount of meal and entertainment expenses excepted from the 50% deduction disallowance of section 274(n)(1) of the Code. |
| Rev. Proc. 2004-28(PDF, 75K) |
IRB #2004-22(HTML) |
June 1, 2004 |
| This procedure provides guidance to regulated investment companies (RICs) who must comply with the asset diversification rules of section 851(b)(3) of the Code. The procedure describes conditions under which a RIC may look through a repurchase agreement (repo) to government securities serving as the underlying collateral to treat itself as the owner of the government securities for purposes of these rules. The procedure is effective for repos held by a RIC on or after August 15, 2001. |
| Rev. Proc. 2004-27(PDF, 44K) |
IRB #2004-17(HTML) |
April 26, 2004 |
| This procedure permits certain owners of royalty interests (RI) to claim the credit for producing fuel from a nonconventional source in the taxable year (including a 2003 taxable year) in which they receive the income from the sale of qualified fuel, rather than in a prior taxable year in which the owner of the operating interest (OI) sold the qualified fuel. |
| Rev. Proc. 2004-26(PDF, 66K) |
IRB #2004-19(HTML) |
May 10, 2004 |
| This procedure provides guidance for representatives of certain military or civilian employees of the United States who die as a result of injuries incurred in a terrorist or military action. It provides guidance for having tax forgiven or for claiming refunds of tax under section 692(c) of the Code, as amended by the Victims of Terrorism Tax Relief Act of 2001, Pub. L. No. 107-134. It also provides procedures by which the Secretary will determine whether a terrorist or military action has occurred. Rev. Proc. 85-35 obsoleted. |
| Rev. Proc. 2004-25(PDF, 42K) |
IRB #2004-16(HTML) |
April 19, 2004 |
| Remedial amendment period; disqualifying provisions; December 31, 2001. This procedure extends the remedial amendment period under section 401(b) of the Code with respect to certain disqualifying provisions of all new plans put into effect after December 31, 2001, until the end of the remedial amendment period for the Economic Growth and Tax Relief Reconciliation Act of 2001. |
| Rev. Proc. 2004-24(PDF, 43K) |
IRB #2004-16(HTML) |
April 19, 2004 |
| Qualified mortgage bonds; mortgage credit certificates; national median gross income. Guidance is provided concerning the use of the national and area median gross income figures by issuers of qualified mortgage bonds and mortgage credit certificates in determining the housing cost/income ratio described in section 143(f) of the Code. Rev. Proc. 2003–29, obsoleted, except as provided in section 5.02 of this procedure. |
| Rev. Proc. 2004-23(PDF, 90K) |
IRB #2004-16(HTML) |
April 19, 2004 |
| This document provides administrative procedures under which taxpayers may obtain automatic consent to change to a method of accounting provided in sections 1.263(a)–4, 1.263(a)–5, and 1.167(a)–3(b) of the regulations for the taxpayer’s first taxable year ending on or after December 31, 2003. Rev. Proc. 2002–9 modified and amplified. Announcement 93–60 obsoleted. |
| Rev. Proc. 2004-22(PDF, 57K) |
IRB #2004-15(HTML) |
April 12, 2004 |
| This procedure provides transition relief from Rev. Rul. 2004-38 for determining an "eligible individual" under section 223 of the Code who may make contributions to a Health Savings Account (HSA). The transition relief covers the months before January 1, 2006, in the case of an individual who is covered by both a high deductible health plan (HDHP) and by a separate plan or rider that provides prescription drug benefits before the minimum annual deductible of the HDHP is satisfied. Rev. Rul. 2004-38 modified. |
| Rev. Proc. 2004-21(PDF, 43K) |
IRB #2004-14(HTML) |
April 5, 2004 |
| This procedure modifies the final withholding foreign partnership (WP) and withholding foreign trust (WT) agreements contained in Rev. Proc. 2003-64, 2003-32 I.R.B. 306, by eliminating the $200,000 cap on eligibility for certain pooled reporting. This procedure also makes a conforming change to the portion of the Qualified Intermediary (QI) withholding agreement contained in Rev. Proc. 2003-64. Rev. Proc. 2003-64 modified. |
| Rev. Proc. 2004-20(PDF, 87K) |
IRB #2004-13(HTML) |
March 29, 2004 |
| Automobile owners and lessees. This procedure provides owners and lessees of passenger automobiles (including trucks, vans, and electric automobiles) with tables detailing the limitations on depreciation deductions for passenger automobiles first placed in service during calendar year 2004 and the amounts to be included in income for passenger automobiles first leased during calendar year 2004. Separate tables are provided for passenger automobiles qualifying for additional first-year bonus depreciation under section 168(k). In addition, this procedure provides the maximum allowable value of employer-provided automobiles first made available to employees for personal use in calendar year 2004 for which the vehicle cents-per-mile valuation rule provided under section 1.61-21(e) of the regulations may be applicable. |
| Rev. Proc. 2004-19(PDF, 53K) |
IRB #2004-10(HTML) |
March 8, 2004 |
| This procedure provides an elective safe harbor that the owner of an oil and gas property may use in determining the property’s recoverable reserves for purposes of computing cost depletion under section 611 of the Code. |
| Rev. Proc. 2004-18(PDF, 91K) |
IRB #2004-9(HTML) |
March 1, 2004 |
| This procedure provides issuers of qualified mortgage bonds and qualified mortgage credit certificates with average area purchase price safe-harbors for statistical areas in the United States and with a nationwide average purchase price for residences in the United States for purposes of the mortgage revenue bond rules under section 143 of the Code (and the mortgage credit certificate rules under section 25). Rev. Procs. 87-19, 93-15, and 94-55 obsoleted in part. |
| Rev. Proc. 2004-17(PDF, 43K) |
IRB #2004-10(HTML) |
March 8, 2004 |
| This procedure provides guidance to individuals who fail to meet the eligibility requirements of section 911(d)(1) of the Code because adverse conditions in a foreign country preclude the individual from meeting those requirements. A current list of countries and the dates those countries are subject to the section 911(d)(4) waiver is provided. Rev. Proc. 2003-26 supplemented. |
| Rev. Proc. 2004-16(PDF, 56K) |
IRB #2004-10(HTML) |
March 8, 2004 |
| Fair market value; distributions; qualified retirement plans. This procedure provides interim guidance on how fair market value may be determined in the instance of distributions from a qualified retirement plan. |
| Rev. Proc. 2004-15(PDF, 168K) |
IRB #2004-7(HTML) |
Feb. 17, 2004 |
| Minimum funding standards; waivers. This procedure sets forth guidelines for requesting waivers of the minimum funding standards with respect to defined benefit and defined contribution plans subject to section 412 of the Code. Rev. Procs. 2004–4, 2004–5, 2004–6 modified. Rev. Proc. 94–41 superseded. |
| Rev. Proc. 2004-14(PDF, 62K) |
IRB #2004-7(HTML) |
Feb. 17, 2004 |
| This document provides procedures under which a corporation’s S status will not be terminated by a direct rollover of stock from its employee stock ownership plan (ESOP) to a participant’s individual retirement account (IRA). Rev. Proc. 2003–23 modified and superseded. |
| Rev. Proc. 2004-13(PDF, 176K) |
IRB #2004-4(HTML) |
Jan. 26, 2004 |
| This procedure provides an updated list of time-sensitive acts, the performance of which may be postponed under sections 7508 and 7508A of the Code. Section 7508 postpones specified acts for individuals serving in the Armed Forces of the United States or serving in support of such Armed Forces in a combat zone. Section 7508A permits a postponement of specified acts for taxpayers affected by a Presidentially declared disaster or a terroristic or military action. The list of acts in this procedure supplements the list of postponed acts in section 7508(a)(1) and regulations section 301.7508A–1(b). Rev. Proc. 2002–71 superseded. |
| Rev. Proc. 2004-12(PDF, 39K) |
IRB #2004-9(HTML) |
March 1, 2004 |
| This procedure provides guidance on how a state elects a health program to be qualified health insurance for purposes of the health coverage tax credit (HCTC) under section 35 of the Code. |
| Rev. Proc. 2004-11(PDF, 115K) |
IRB #2004-3(HTML) |
Jan. 20, 2004 |
| This procedure provides an automatic consent procedure allowing a taxpayer to make a change in method of accounting for certain depreciable or amortizable property after its disposition, waives the two-year rule in Rev. Rul. 90–38 with respect to certain changes in depreciation or amortization, and modifies other revenue procedures to conform with regulations section 1.446–1T(e)(2)(ii)(d). Rev. Procs. 2000–38, 2000–50, and 2002–9 modified. |
| Rev. Proc. 2004-10 (PDF, 71K) |
IRB #2004-2(HTML) |
Jan. 12, 2004 |
| Insurance companies; discounting estimated salvage recoverable. The salvage discount factors are set forth for the 2003 accident year. These factors will be used to compute discounted estimated salvage recoverable under section 832 of the Code. |
| Rev. Proc. 2004-9 (PDF, 85K) |
IRB #2004-2(HTML) |
Jan. 12, 2004 |
| Insurance companies; loss reserves; discounting unpaid losses. The loss payment patterns and discount factors are set forth for the 2003 accident year. These factors will be used to compute discounted unpaid losses under section 846 of the Code. |
| Rev. Proc. 2004-8(PDF, 136K) |
IRB #2004-1(HTML) |
Jan. 5, 2004 |
| User fees for employee plans and exempt organizations. Up-to-date guidance for complying with the user fee program of the Service as it pertains to requests for letter rulings, determination letters, etc., on matters under the jurisdiction of the Office of the Division Commissioner, Tax Exempt and Government Entities, is provided. Rev. Proc. 2003–8 superseded. |
| Rev. Proc. 2004-7(PDF, 61K) |
IRB #2004-1(HTML) |
Jan. 5, 2004 |
| Areas in which rulings will not be issued; Associate Chief Counsel (International). This procedure revises the list of those provisions of the Code under the jurisdiction of the Associate Chief Counsel (International) relating to matters where the Service will not issue rulings or determination letters. Rev. Proc. 2003–7 superseded. |
| Rev. Proc. 2004-6(PDF, 300K) |
IRB #2004-1(HTML) |
Jan. 5, 2004 |
| Employee plans determination letters. Revised procedures are provided for issuing determination letters on the qualified status of employee plans under sections 401(a), 403(a), 409, and 4975 of the Code. Rev. Proc. 2003–6 superseded. |
| Rev. Proc. 2004-5(PDF, 243K) |
IRB #2004-1(HTML) |
Jan. 5, 2004 |
| Technical advice. Revised procedures are provided for furnishing technical advice to area managers and appeals offices by the Office of the Division Commissioner, Tax Exempt and Government Entities, regarding issues in the employee plans area (including actuarial matters) and in the exempt organizations area. Rev. Proc. 2003–5 superseded. |
| Rev. Proc. 2004-4(PDF, 314K) |
IRB #2004-1(HTML) |
Jan. 5, 2004 |
| Rulings and information letters; issuance procedures. Revised procedures are provided for furnishing ruling letters, information letters, etc., on matters related to sections of the Code currently under the jurisdiction of the Office of the Division Commissioner, Tax Exempt and Government Entities. Rev. Proc. 2003–4 superseded. |
| Rev. Proc. 2004-3(PDF, 129K) |
IRB #2004-1(HTML) |
Jan. 5, 2004 |
| Areas in which rulings will not be issued (domestic areas). This procedure provides a revised list of those provisions of the Code under the jurisdiction of the Associates Chief Counsel and the Division Counsel/Associate Chief Counsel (Tax Exempt and Government Entities) relating to matters where the Service will not issue rulings or determination letters. Rev. Proc. 2003–3, as amplified by Rev. Proc. 2003–14, and as modified by Rev. Proc. 2003–48, superseded. |
| Rev. Proc. 2004-2(PDF, 234K) |
IRB #2004-1(HTML) |
Jan. 5, 2004 |
| Technical advice and technical expedited advice. This procedure explains when and how the Associate Chief Counsel (Corporate), Associate Chief Counsel (Financial Institutions and Products), Associate Chief Counsel (Income Tax and Accounting), Associate Chief Counsel (International), Associate Chief Counsel (Passthroughs and Special Industries), Associate Chief Counsel (Procedure and Administration), and Division Counsel/Associate Chief Counsel (Tax Exempt and Government Entities) issue technical advice memoranda (TAMs) and technical expedited advice memoranda (TEAMs) to a director or an appeals area director. It also explains the rights a taxpayer has when a director or an appeals area director requests technical advice or technical expedited advice regarding a tax matter. Rev. Proc. 2003–2 superseded. |
| Rev. Proc. 2004-1(PDF, 543K) |
IRB #2004-1(HTML) |
Jan. 5, 2004 |
| Letter rulings, information letters and determination letters. This procedure contains revised procedures for letter rulings and information letters issued by the Associate Chief Counsel (Corporate), Associate Chief Counsel (Financial Institutions and Products), Associate Chief Counsel (Income Tax and Accounting), Associate Chief Counsel (International), Associate Chief Counsel (Passthroughs and Special Industries), Associate Chief Counsel (Procedure and Administration), and Division Counsel/Associate Chief Counsel (Tax Exempt and Government Entities). This procedure also contains revised procedures for determination letters issued by the Large and Mid-Size Business Division, Small Business/Self-Employed Division, Wage and Investment Division, and Tax Exempt and Government Entities Division. Rev. Proc. 2003–1 superseded. |
