Small Business Taxes & Management

IRS Pronouncements--2002

Small Business Taxes & ManagementTM--Copyright 2002, A/N Group, Inc.

The list below contains a synopses of revenue rulings, revenue procedures, notices, announcements and regulations beginning with those issued January 1, 2002. For a similar listing for 2001 go to IRS Pronouncements--2001. For 2000 go to IRS Pronouncements--2000. The list is limited to those items we believe to be of interest to small to mid-sized businesses, their advisors, CPAs, etc. We've included the IRB (Internal Revenue Bulletin) reference so you can find the full text on the IRS web site. We've tried to make the list as searchable as possible while keeping the descriptions short. Use the "find-in-page" feature of your browser to search this list. You can download any Bulletin at the IRS website. The Applicable Federal Rate and interest rates on over- and underpayments are updated on our IRS Interest Rates page or, for more details go to the IRS AFR page



Cumulative Listings - 2002

Revenue Rulings

Rev. Rul. 2002-86 (IRB 2002-52) Combat zone-related deaths; deaths of victims of certain terrorist attacks; sample estate tax calculations; Rev. Rul. 78-361 modified and suspended.
Rev. Rul. 2002-88 (IRB 2002-52) Duration of COBRA continuation coverage and divorce.
Rev. Rul. 2002-91 (IRB 2002-52) Captive insurance; group captive as insurance company.
Rev. Rul. 2002-90 (IRB 2002-52) Captive insurance; professional liability coverage; Rev. Rul. 2001-31 amplified.
Rev. Rul. 2002-89 (IRB 2002-52) Captive insurance; insurance for federal income tax purposes; Rev. Rul. 2001-31 amplified.
Rev. Rul. 2002-85 (IRB 2002-52) Sec. 368(a)(1)(D); reorganization; transfer of target corporation's assets to subsidiary of acquiring corporation.
Rev. Rul. 2002-87 (IRB 2002-52) LIFO Price indexes, October, 2002.
Rev. Rul. 2002-82 (IRB 2002-51) Viatical settlement providers; licensing.
Rev. Rul. 2002-84 (IRB 2002-50) Overpayments of benefits from a qualified plan; subsequent offsets or repayments.
Rev. Rul. 2002-70 (IRB 2002-50) Interest rates on under- and overpayments.
Rev. Rul. 2002-83 (IRB 2002-49) Related party like-kind exchange; qualified intermediary.
Rev. Rul. 2002-80 (IRB 2002-49) Advance reimbursement of medical expenses; loans; excludable from gross income; Rev. Rul. 2002-3 amplified.
Rev. Rul. 2002-79 (IRB 2002-48) Inflation adjusted numbers for 2003; Sec. 1274A; Rev. Rul. 2001-65 supplemented and superseded.
Rev. Rul. 2002-78 (IRB 2002-48) CPI adjustment; below-market loans for 2003; qualified continuing care facility.
Rev. Rul. 2002-67 (IRB 2002-47) Used cars; transfer to charity; tax consequences.
Rev. Rul. 2002-73 (IRB 2002-45) Deductibility; timing; grace period; contributions; 401(k); Rev. Proc. 2002-9 modified and amplified; Rev. Rul. 2002-46 modified.
Rev. Rul. 2002-63 (IRB 2002-45) Covered compensation tables; 2003; Sec. 401; defined benefit plans.
Rev. Rul. 2002-77 (IRB 2002-45) LIFO Price indexes, September, 2002.
Rev. Rul. 2002-75 (IRB 2002-45) Tax-free exchange of annuity contracts; transfer of entire annuity contract into another pre-existing annuity contract; basis.
Rev. Rul. 2002-66 (IRB 2002-45) Effect of collars on qualified covered calls; Sec. 1092.
Rev. Rul. 2002-69 (IRB 2002-44) Lease-in/lease-out transactions; LILO; rent and interest.
Rev. Rul. 2002-65 (IRB 2002-43) Rental assistance payments; Rent Supplement Program; low-income housing credit.
Rev. Rul. 2002-62 (IRB 2002-42) Premature distributions; substantially equal periodic payments; requirement minimum distributions; Sec. 72(t)(1).
Rev. Rul. 2002-64 (IRB 2002-41) LIFO Price indexes, August, 2002.
Rev. Rul. 2002-58 (IRB 2002-38) Reimbursements under a self-insured medical expense reimbursement plan; medical expense incurred prior to plan adoption not excludable from income.
Rev. Rul. 2002-56 (IRB 2002-37) Fringe benefits; aircraft valuation formula; SIFL; second half of 2002.
Rev. Rul. 2002-57 (IRB 2002-37) LIFO Price indexes, July, 2002.
Rev. Rul. 2002-52 (IRB 2002-34) LIFO Price indexes, June, 2002.
Rev. Rul. 2002-49 (IRB 2002-32) Sec. 355; spin offs; active trade or business requirement; Rev. Rul. 92-17 amplified.
Rev. Rul. 2002-46 (IRB 2002-29) Deductibility; timing; contributions to 401(k) plan; qualified defined contribution plan; earnings after the end of the year; grace period.
Rev. Rul. 2002-45 (IRB 2002-29) Restorative payments; nondiscrimination; qualified defined benefit plans; deductions.
Rev. Rul. 2002-47 (IRB 2002-29) LIFO Price indexes, May, 2002.
Rev. Rul. 2002-43 (IRB 2002-28) Prohibited transactions; first tier excise tax; multiple excise tax rates.
Rev. Rul. 2002-42 (IRB 2002-28) Merger or conversion; partial termination; money purchase pension plan; profit-sharing plan.
Rev. Rul. 2002-44 (IRB 2002-28) Short sale of stock; timing of recognition of gain or loss.
Rev. Rul. 2002-41 (IRB 2002-28) Health reimbursement arrangements; carryforward of unused amounts.
Rev. Rul. 2002-39 (IRB 2002-27) Accidental death benefits; pension; New York firefighter or police officer.
Rev. Rul. 2002-33 (IRB 2002-25) Interest rate on over- and underpayments 3rd quarter, 2002.
Rev. Rul. 2002-37 (IRB 2002-24) LIFO Price indexes, April, 2002.
Rev. Rul. 2002-35 (IRB 2002-23) Wages subject to federal employment tax; equipment required to be provided as a condition of employment.
Rev. Rul. 2002-32 (IRB 2002-23) Cafeteria plans; asset sale of business; transferred employees; continuation in plan.
Rev. Rul. 2002-31 (IRB 2002-22) Contingent convertible debt instruments; one or more cash contingent payments.
Rev. Rul. 2002-30 (IRB 2002-21) Notional principal contract; nonperiodic payment; contingent and noncontingent components.
Rev. Rul. 2002-29 (IRB 2002-20) LIFO Price indexes, March, 2002.
Rev. Rul. 2002-27 (IRB 2002-20) Cafeteria plans; automatic enrollment; affirmatively elect cash.
Rev. Rul. 2002-26 (IRB 2002-19) Interest rates for special use value of farm real property election; Sec. 2032A.
Rev. Rul. 2002-22 (IRB 2002-19) Transfers of property incident to divorce; nonstautory stock options; nonqualified deferred compensation; exclusion from gross income.
Rev. Rul. 2002-23 (IRB 2002-18) Timely filed rule; documents mailed in a foreign country.
Rev. Rul. 2002-20 (IRB 2002-17) Charitable remainder trusts; qualified charitable remainder unitrusts; recipient trusts.
Rev. Rul. 2002-19 (IRB 2002-16) Medical expenses; weight loss program; Sec. 213.
Rev. Rul. 2002-18 (IRB 2002-16) LIFO Price indexes, February, 2002.
Rev. Rul. 2002-14 (IRB 2002-12) LIFO Price indexes, January, 2002.
Rev. Rul. 2002-13 (IRB 2002-12) Interest rate on over- and underpayments 2nd quarter, 2002.
Rev. Rul. 2002-11 (IRB 2002-10) Losses attributable to a disaster; election.
Rev. Rul. 2002-9 (IRB 2002-10) Impact fees; construction of residential rental building; real estate; capitalize.
Rev. Rul. 2002-7 (IRB 2002-8) LIFO Price indexes, December, 2001.
Rev. Rul. 2002-4 (IRB 2002-4) LIFO Price indexes, November, 2001.
Rev. Rul. 2002-3 (IRB 2002-3) Sec. 106; 105; health insurance premiums; reimbursements of employees for salary reduction amounts; Rev. Rul. 61-146 distinguished.
Rev. Rul. 2002-1 (IRB 2002-2) Tax treatment of employee stock options and restricted stock in spin-offs.


Revenue Procedures

Rev. Proc. 2002-75 (IRB 2002-52) Qualification as insurance; adequate risk shifting; Rev. Proc. 2002-3 modified by removing secs. 4.01(11) and 4.01(41) from list of areas where IRS will not issue rulings or determination letters.
Rev. Proc. 2002-72 (IRB 2002-49) Qualifed Zone Academy Bonds; maximum face amount.
Rev. Proc. 2002-73 (IRB 2002-49) Extension of time for amending pre-approved plans to comply with GUST to September 30, 2003; Notice 2001-37; Rev. Procs. 2000-20; 2002-6; 2002-35; Rev. Ruls. 2001-62; 2002-27 modified.
Rev. Proc. 2002-71 (IRB 2002-46) List of time-sensitive acts which may be postponed under Sec. 7508, 7508A because of Presidentially declared disaster, military action, or combat zone.
Rev. Proc. 2002-70 (IRB 2002-46) Cost-of-living adjustments 2003; tax rate tables; standard deduction.
Rev. Proc. 2002-69 (IRB 2002-45) Sole proprietorship vs. partnership; husband and wife; community property; entity classification.
Rev. Proc. 2002-68 (IRB 2002-43) Optional election to make monthly Sec. 706(a) computations.
Rev. Proc. 2002-67 (IRB 2002-43) Tax shelter; settlement initiative; contingent liability transactions.
Rev. Proc. 2002-66 (IRB 2002-42) Substantial understatement penalty; adequate disclosure; Sec. 6662(d); Rev. Proc. 2001-52 updated.
Rev. Proc. 2002-64 (IRB 2002-42) List of Indian tribal governments treated as states; modified and supplemented.
Rev. Proc. 2002-63 (IRB 2002-41) Per diem allowances; reimbursed traveling expenses; deductible meals and incidental expenses.
Rev. Proc. 2002-62 (IRB 2002-40) Election under Sec. 1397B; defer recognition of capital gain on qualified empowerment zone (QEZ) asset.
Rev. Proc. 2002-61 (IRB 2002-39) Optional standard mileage rates 2003; 36 cents per mile; Rev. Proc. 2001-54.
Rev. Proc. 2002-59 (IRB 2002-39) Sec. 7701; new entity; relief for a late initial classification election additional time; Rev. Proc. 2002-15 modified and superseded.
Rev. Proc. 2002-56 (IRB 2002-36) Low-income housing tax credit; unusued credit carryovers for calendar year 2002.
Rev. Proc. 2002-54 (IRB 2002-35) Changes in accounting method; prior consent; automatic consent; 1-yr. Sec. 481(a) adjustment period; Rev. Proc. 2002-19 amplified and clarified.
Rev. Proc. 2002-52 (IRB 2002-31) Procedures for requesting assistance with respect to an income, estate, or gift tax treaty to which the U.S. is a party.
Rev. Proc. 2002-47 (IRB 2002-29) Administrative programs; closing agreements; correction programs for retirement plans; Rev. Proc. 2001-17 modified and superseded.
Rev. Proc. 2002-50 (IRB 2002-29) Statutory or nonstatutory stock option; sale on same day as exercise; excepted sale; Form 1099-B.
Rev. Proc. 2002-43 (IRB 2002-28) Consolidated group; substitute agent.
Rev. Proc. 2002-45 (IRB 2002-27) Options; golden parachute; Sec. 280G; safe harbor valuation; Rev. Proc. 2002-13 modified.
Rev. Proc. 2002-44 (IRB 2002-26) Appeals mediation procedure; formalization; modifies and expands availability of mediation; Announcements 98-99 and 2001-9 superseded.
Rev. Proc. 2002-42 (IRB 2002-24) Hybrid vehicles; gasoline and electric motor; certification of incremental cost.
Rev. Proc. 2002-30 (IRB 2002-24) Technical Advice Memoranda; pilot program; Technical Expedited Advice Memorandum (TEAM).
Rev. Proc. 2002-35 (IRB 2002-24) Retroactive plan amendments; GUST late amenders; disqualification of plans; Sec. 401(a) and 403(a).
Rev. Proc. 2002-29 (IRB 2002-24) Minimum distributions; regulations; model amendments; final and temporary regulations; Sec. 401(a)(9); Rev. Procs. 2000-20 and 2002-6 modified.
Rev. Proc. 2002-41 (IRB 2002-23) Pipeline construction industry; optional expense substantiation rule; reimbursements for equipment; welding rigs or mechanics rigs; condition of employment.
Rev. Proc. 2002-40 (IRB 2002-23) Net operating losses; 5-year carryback; losses incurred in 2001 and 2002; electing out.
Rev. Proc. 2002-39 (IRB 2002-22) Annual accounting periods; prior approval; business purpose; Sec. 441, 442; Rev. Procs. 85-16 and 74-33 superseded.
Rev. Proc. 2002-38 (IRB 2002-22) Changes in accounting periods; automatic approval for flowthrough entities (partnerships, S corporations and personal service corporations); Rev. Proc. 87-32 clarified, modified, amplified, and superseded.
Rev. Proc. 2002-37 (IRB 2002-22) Changes in accounting periods; automatic approval for corporations; Rev. Proc. 2000-11 modified, amplified and superseded.
Rev. Proc. 2002-33 (IRB 2002-20) Additional 30% first-year depreciation; qualified property; qualified New York Liberty Zone property; elections; deemed election; Rev. Proc. 2002-9 modified and amplified.
Rev. Proc. 2002-32 (IRB 2002-20) Consolidated returns; reconsolidation; waiver of 60-month bar.
Rev. Proc. 2002-21 (IRB 2002-19) Professional employer organizations; PEO; employee leasing; plan qualification; Rev. Proc. 2002-6 modified.
Rev. Proc. 2002-28 (IRB 2002-18) Accounting methods; inventories; small business exception; Rev. Proc. 2002-9 modified and amplified; Notice 2002-14 modified and superseded.
Rev. Proc. 2002-27 (IRB 2002-17) Depreciation of tires; tire capitalization method; original and replacement tires; Rev. Proc. 2002-9 modified and amplified.
Rev. Proc. 2002-25 (IRB 2002-17) Qualified zone academy bonds; maximum face amount for 2002.
Rev. Proc. 2002-26 (IRB 2002-15) Application of partial undesignated payments against assessed tax, penalty and interest. Rev. Ruls. 73-304, 73-305, 79-284 superseded.
Rev. Proc. 2002-23 (IRB 2002-15) Canada; income tax convention; taxation of certain Canadian pension plans.
Rev. Proc. 2002-22 (IRB 2002-14) Undivided fractional interests in real estate; ruling request; rental real property; partnership.
Rev. Proc. 2002-20 (IRB 2002-14) Sec. 911; foreign income exclusion; eligibility requirements; adverse conditions in foreign country.
Rev. Proc. 2002-19 (IRB 2002-13) Changes in method of accounting; prior consent; automatic consent; under examination; before appeals or federal court; adjustment period; Rev. Proc. 97-27 and 2002-9 modified.
Rev. Proc. 2002-18 (IRB 2002-13) Sec. 446; procedures for changes in method of accounting imposed by the Service. Procedures for resolving accounting method issues on nonaccounting-method basis.
Rev. Proc. 2002-17 (IRB 2002-13) Auto dealers; safe harbor method of accounting; inventories; replacement cost method.
Rev. Proc. 2002-13 (IRB 2002-8) Sec. 280G; safe harbor; valuing stock options; golden parachute payments.
Rev. Proc. 2002-15 (IRB 2002-6) Sec. 7701; late initial classification; newly formed entity; relief for late election with 6 months of due date.
Rev. Proc. 2002-14 (IRB 2002-5) Autos; depreciation limitation; lease inclusion amounts (table).
Rev. Proc. 2002-10 (IRB 2002-4) Opinion letters; prototype SEPs, SIMPLEs, IRAs.
Rev. Proc. 2002-12 (IRB 2002-3) Materials and supplies; restaurant smallwares; expense vs. capitalize.
Rev. Proc. 2002-9 (IRB 2002-3) Methods of accounting; procedures to obtain automatic consent for change; Rev. Proc. 99-49 modified and superseded.
Rev. Proc. 2002-7 (IRB 2002-1) No rule list; letter rulings; determination letters, international.
Rev. Proc. 2002-3 (IRB 2002-1) No rule list; letter rulings; determination letters.
Rev. Proc. 2002-8 (IRB 2002-1) User fees; letter rulings; determination letters; employee plans; exempt organizations.
Rev. Proc. 2002-6 (IRB 2002-1) Procedures for issuing determination letters; qualified plans.
Rev. Proc. 2002-5 (IRB 2002-1) Procedures for technical advice.
Rev. Proc. 2002-4 (IRB 2002-1) Revised procedures for letter rulings, information letters; issuance procedures.



T.D. 9021 (IRB 2002-51) Sec. 72(p); 414(u)(4); loans from qualified employer plans; leave for military service; deemed distributions.
T.D. 9023 (IRB 2002-50) Sec. 1441; rules for withholding agents; individual taxpayer identification number; ITIN.
T.D. 9022 (IRB 2002-48) Sec. 6043(c); information reporting by corporation; acquisition of control or substantial change in the corporation's capital structure.
T.D. 9020 (IRB 2002-48) Sec. 274; final, temporary, and proposed regulations (REG-141832-02); substantiate amount of incidental expenses paid while traveling away from home; allowance in lieu of subtantiating.
T.D. 9019 (IRB 2002-47) Sec. 471; unit livestock price method; annual reevaluation; depreciation; drafting, breeding, dairy.
T.D. 9018 (IRB 2002-45) Sec. 6112; sellers and organizers; potentially abusive tax shelters; maintainance of lists; REG-103736-00.
T.D. 9017 (IRB 2002-45) Sec. 6011; disclosure requirements; reportable transactions; listed transactions; REG-103735-00.
T.D. 9013 (IRB 2002-38) Sec. 469; items of self-charged interest and expense; partnership and S corporation; passive activity.
T.D. 9014 (IRB 2002-35) Sec. 6109; tax return preparers; identifying number; alternative to social security number.
T.D. 9011 (IRB 2002-33) Practice before the IRS.
T.D. 9010 (IRB 2002-33) Sec. 6041; 6045; information reporting requirements; joint payees; investment advisors.
T.D. 9009 (IRB 2002-33) Sec. 706; taxable year of partnership; foreign partners; tax-exempt partners.
T.D. 9007 (IRB 2002-33) Sec. 7122; 6331; 6103; expanded compromise authority; offer in compromise.
T.D. 9006 (IRB 2002-32) Sec. 7476; satisfaction of notice to interest parties; plan sponsor.
T.D. 9005 (IRB 2002-32) Sec. 401; return of employer contributions; withdrawal liability payments; multiemployer plans.
T.D. 9003 (IRB 2002-32) Sec. 6015; innocent spouse; joint and several liability; married filing joint.
T.D. 9002 (IRB 2002-29) Sec. 1502; common parent as agent of consolidated group.
T.D. 9000 (IRB 2002-28) Sec. 6011, 6111, 6112; registration and list maintenance requirements relating to tax shelters. REG-103735-00; REG-110311-98.
T.D. 8999 (IRB 2002-28) Sec. 894; eligibility for treaty benefits; domestic reverse hybrid entities.
T.D. 8998 (IRB 2002-26) Sec. 337(d) and 1502; losses on disposition of subsidiary stock by members of consolidated group.
T.D. 8997 (IRB 2002-26) Sec. 1502; consolidated returns; election to waive 5-year net operating loss carryback period.
T.D. 8996 (IRB 2002-24) Sec. 441, 442; annual accounting period; adoptions, changes, retentions; taxable years; partnerships and S corporations.
T.D. 8995 (IRB 2002-23) Sec. 460; mid-contract change; long-term contract method of accounting.
T.D. 8994 (IRB 2002-23) Sec. 444; 641; 1361; 1362; 1377; electing small business trusts (ESBTs); Rev. Proc. 98-23 superseded.
T.D. 8993 (IRB 2002-22) Sec. 1275; Treatment of annuity contracts issued by insurance company.
T.D. 8991 (IRB 2002-21) Sec. 513; Corporate sponsorship; tax-exempt organizations; unrelated business taxable income.
T.D. 8990 (IRB 2002-20) Sec. 1092; Equity options with flexible terms; over-the-counter options; qualified covered call treatment.
T.D. 8988 (IRB 2002-20) Sec. 355; Temporary and proposed regs. gain on distributions of stock or securities of a controlled corporation in connection with an acquisition.
T.D. 8987 (IRB 2002-19) Sec. 401, 457, 403(b); Final, temporary, and proposed regs. related to minimum required distributions from qualified plans, IRAs.
T.D. 8986 (IRB 2002-16) Sec. 705, 1032; basis adjustments; corporation acquiring an interest in a partnership that holds stockin that corporation.
T.D. 8985 (IRB 2002-14) Sec. 1221; character of gain or loss from hedging transactions.
T.D. 8984 (IRB 2002-13) Sec. 337(d) and 1502; certain losses recognized on sales of subsidiary stock by members of consolidated group.
T.D. 8982 (IRB 2002-8) Sec. 1031; like-kind exchange; definition of disqualified person; escrow holders; qualified trust; qualified intermediary.
T.D. 8978 (IRB 2002-7) Sec. 4958; exempt organizations; excise taxes on excess benefit transactions.
T.D. 8981 (IRB 2002-7) Sec. 874; 882; disallowance of deductions; deductions and credits; nonresident alien individuals and foreign corporations; timely filing U.S. return.
T.D. 8980 (IRB 2002-6) Sec. 6330; procedures for notice to taxpayers of the right to a hearing with respect to an IRS levy; procedures for requesting hearing.
T.D. 8979 (IRB 2002-6) Sec. 6320; procedures for notice to taxpayers of the right to a hearing with respect to federal tax lien; procedures for requesting hearing.
T.D. 8976 (IRB 2002-5) Sec. 472; LIFO; dollar-value LIFO; inventory price computations (IPIC) methods; nonrecognition transactions.
T.D. 8972 (IRB 2002-5) Sec. 1301; farming; income averaging; three years.
T.D. 8971 (IRB 2002-3) Sec. 45D; new markets tax credit.
T.D. 8969 (IRB 2002-2) Sec. 6103, 6311; payment of taxes by credit card, debit card.
T.D. 8970 (IRB 2002-2) Sec. 332; subsidiary; adoption of plan of liquidation; entity classification election to be treated as partnership or disregarded.


Proposed Regulations

REG-127380-02 (IRB 2002-50) Sec. 367; outbound liquidations; outbound transfers to foreign corporation.
REG-103777-02 (IRB 2002-47) Sec. 7122; offers in compromise; user fee, $150.
REG-131478-02 (IRB 2002-47) Sec. 1502; subsidiary member; stock basis; dispositions and deconsolidations.
REG-150313-01 (IRB 2002-44) Sec. 392; 304; distribution in redemption of stock treated as a dividend.
REG-106359-02 (IRB 2002-33) Sec. 482; stock-based compensation; intangible development costs; controlled participant in qualified cost sharing arrangement.
REG-106879-00 (IRB 2002-34) Sec. 1503; recapture of dual consolidated losses.
REG-115781-01 (IRB 2002-33) Sec. 2055; revision of estate and gift tax regulations; Estate of Boeshore.
REG-124256-02 (IRB 2002-33) Sec. 408; 408A; method for determining earnings allocable to IRA contributions returned or recharacterized.
REG-123345-01 (IRB 2002-32) Sec. 2519; transfer under Sec. 2519; right to recover gift tax under Sec. 2207A.
REG-116644-01 (IRB 2002-31) Sec. 3406; 6724; notices of incorrect taxpayer identification numbers for backup withholding; waiver of information reporting penalties.
REG-165868-01 (IRB 2002-31) Sec. 419A; guidance with respect to whether a welfare benefit plan is part of a 10-or-more employer plan.
REG-164754-01 (IRB 2002-30) Sec. 61; split-dollar life insurance arrangements.
REG-106871-00 (IRB 2002-30) Sec. 671; fixed investment trusts; reporting obligations.
REG-107524-00 (IRB 2002-28) Sec. 6050P; definition of trade or business of lending money.
REG-103829-99 (IRB 2002-27) Sec. 4051; definition of highway vehicle for excise tax purposes.
REG-126024-01 (IRB 2002-27) Reporting of gross proceeds to attorneys.
REG-103823-99 (IRB 2002-27) Sec. 167(g); income forecast method of depreciation.
REG-248110-96 (IRB 2002-26) Sec. 4081; definition of diesel fuel; tax on blended taxable fuel.
REG-105885-99 (IRB 2002-23) Sec. 457; guidance on compensation deferred under eligible deferred compensation plans of state and local government and tax exempt entities.
REG-136193-01 (IRB 2002-21) Sec. 4980F; requirements of plan administrators; notice of plan amendments; significant reduction in rate of future benefit accruals.
REG-104762-00 (IRB 2002-18) Sec. 6331; levy while installment agreement is pending or in effect.
REG-125626-01 (IRB 2002-9) Sec. 471; unit livestock price method; annual reevaluation; depreciation of livestock.
REG-209114-90 (IRB 2002-9) Sec. 280G; deductions; excess golden parachute payments.
REG-120135-01 (IRB 2002-8) Sec. 6103; definition of term agent includes contractors.
REG-115054-01 (IRB 2002-7) Sec. 66; treatment of income; community property states.
REG-112991-01 (IRB 2002-4) Sec. 41; definition of qualified research for research credit; T.D. 8930 modified.



Notice 2002-77 (IRB 2002-52) Reg. Sec. 1.367(a)-3(d); intention to amend; exchange of stock or securities; foreign acquiring corporation; reorganization; Sec. 368(a)(1)(D).
Notice 2002-79 (IRB 2002-50) Gross income; advance payments; accrual method; defer inclusion of advance payments in gross income; Rev. Proc. 71-21.
Notice 2002-78 (IRB 2002-48) Income excempt from notice of levy used to collect delinquent tax in 2003.
Notice 2002-76 (IRB 2002-48) Gross income; disaster relief payments; Residential Grant Program; Lower Manhattan Development Corporation.
Notice 2002-75 (IRB 2002-47) Annual accounting period; change to calendar year; automatic approval; Rev. Procs. 66-50 and 81-40 modified and superseded.
Notice 2002-72 (IRB 2002-46) Annual accounting period; adoption, change, or retention; Rev. Procs. 2002-37, 2002-38, 2002-39 clarified and modified.
Notice 2002-71 (IRB 2002-45) Retirement plans; cost-of-living adjustments; Sec. 415(d) limitations; control employees; year 2003.
Notice 2002-67 (IRB 2002-42) Payments to peanut quota holders; gain or loss.
Notice 2002-65 (IRB 2002-41) Straddle, transitory shareholders or partners; deferral of offsetting gain; listed transactions; tax shelters.
Notice 2002-64 (IRB 2002-41) New markets tax credit; Sec. 45D.
Notice 2002-62 (IRB 2002-39) Designated private delivery services updated; two new services.
Notice 2002-60 (IRB 2002-36) Exclusion of gain on sale of principal residence; taxpayers affected by September 11, 2001 terrorist attacks.
Notice 2002-59 (IRB 2002-36) Split-dollar life insurance; valuing current life insurance protection; income, employment, estate and gift tax consequences.
Notice 2002-55 (IRB 2002-36) Pipeline construction; optional expense substantiation for certain business expenses.
Notice 2002-58 (IRB 2002-35) Election to have a deemed sale of certain assets held on January 1, 2001; outlined in certain IRS forms and instructions; late election.
Notice 2002-54 (IRB 2002-30) Marginal production rates; Sec. 613A; percentage depletion.
Notice 2002-53 (IRB 2002-30) Enhanced oil recovery credit for 2002; Sec. 43(b).
Notice 2002-48 (IRB 2002-29) Deductibility of contributions; timing; contributions made during year in anticipation of 401(k) deferrals and 401(m) matching contributions.
Notice 2002-47 (IRB 2002-28) Employment taxes; FICA; statutory stock options.
Notice 2002-45 (IRB 2002-28) Health reimbursement arrangement (HRA); Sec. 125; carryforward; employer funded.
Notice 2002-50 (IRB 2002-28) Partnership straddle tax shelter; Sec. 754; tiered partnership; listed transaction.
Notice 2002-44 (IRB 2002-27) Research credit; claim for refund; Sec. 41; central filing address.
Notice 2002-42 (IRB 2002-27) New York Liberty Zone business employee credit; Qualified New York Liberty Bonds; Liberty Advance Refunding Bonds.
Notice 2002-40 (IRB 2002-24) September 11, 2001; interest and penalties; relief; terrorist attack.
Notice 2002-37 (IRB 2002-23) Announcing regulations will be issued addressing partnership transactions; long-term contract method of accounting.
Notice 2002-35 (IRB 2002-21) Notional principal contract tax shelter; listed transactions; Sec. 6011 and 6111.
Notice 2002-31 (IRB 2002-19) Transfers of property incident to divorce; nonstatutory and nonqualified stock options; nonqualified deferred compensation.
Notice 2002-27 (IRB 2002-18) Minimum distributions; reporting requirements; individual retirement accounts (IRAs).
Notice 2002-29 (IRB 2002-17) Sec. 469; Sec. 311(e) deemed sale of property on January 1, 2001.
Notice 2002-20 (IRB 2002-17) Industry issue resolution program being made permanent and expanded to all business taxpayers.
Notice 2002-24 (IRB 2002-16) Sec. 6039D; suspension of filing requirement on certain fringe benefit plans; cafeteria (Sec. 125), legal services (Sec. 120), educational assistance (Sec. 127).
Notice 2002-25 (IRB 2002-15) Charitable contributions; substantiation; relief from $250 contemporaneous written acknowledgement requirement; Sec. 170(f)(8).
Notice 2002-21 (IRB 2002-14) Tax losses; inflated basis in assets acquired from another party; debt with stated principal amount substantially in excess of the fair market value of the assets.
Notice 2002-18 (IRB 2002-12) Loss duplication; consolidated group; dispositions of stock.
Notice 2002-15 (IRB 2002-8) Sec. 6411; Terrorist attack; September 11; additional postponement to apply for tentative carryback; Rev. Proc. 2002-9.
Notice 2002-14 (IRB 2002-8) Qualifying small business taxpayers; cash method of accounting; automatic change to cash from accrual; inventory.
Notice 2002-12 (IRB 2002-7) Patriot's Day 2002; filing deadline; taxpayers in Massachusetts, Michigan, parts of New York, Rhode Island, and Maine.
Notice 2002-11 (IRB 2002-7) Consolidated returns; loss disallowance; new position.
Notice 2002-8 (IRB 2002-4) Split dollar life insurance arrangements; Notice 2001-10 revoked; Rev. Rul. 55-747 revoked; Rev. Ruls. 64-328 and 66-110 modified.
Notice 2002-5 (IRB 2002-3) Procedures for Tax Court review of worker classification; Section 530.
Notice 2002-4 (IRB 2002-2) Sec. 401(k); 414(v); EGTRRA changes; hardship distributions, severance of employment; availability of catch-up contributions.
Notice 2002-3 (IRB 2002-2) Sec. 402(f); updated Safe Harbor Explanation for plan administrators; recipients of eligible rollover distributions from qualified plans.
Notice 2002-2 (IRB 2002-2) Sec. 404(k); EGTRRA; ESOP; dividend elections;
Notice 2002-1 (IRB 2002-2) EGTRRA; employee plans; user fees.



Announcement 2002-113 (IRB 2002-51) Corrections to proposed regulations; REG-124667-02; qualified joint and survivor annuities; preretirement survivor annuities.
Announcement 2002-110 (IRB 2002-50) Contingent liability transactions; extension of time to participate in settlement initiative to March 5, 2003; Rev. Proc. 2002-67.
Announcement 2002-108 (IRB 2002-49) Form W-2; reporting employer-provided nonstatutory stock options; year 2003 and subsequent years.
Announcement 2002-106 (IRB 2002-46) Corrections to final regulations, T.D. 8869; treatment of subsidiaries; S corporation.
Announcement 2002-103 (IRB 2002-45) Corrections to Announcement 2002-92 (IRB 2002-41); e-mail address for comments.
Announcement 2002-100 (IRB 2002-44) Corrections to proposed regulations Sec. 1503(d); recapture of dual consolidated losses; REG-106879-00.
Announcement 2002-97 (IRB 2002-43) Basis-shifting transactions; settlement with fixed terms.
Announcement 2002-96 (IRB 2002-43) Corporate owned life insurance (COLI); settlement initiative.
Announcement 2002-90 (IRB 2002-40) Archer MSA; 2002 not a cut-off year.
Announcement 2002-89 (IRB 2002-39) Corrections to final regulations (T.D. 8925); partnership mergers and divisions.
Announcement 2002-83 (IRB 2002-38) Corrections to final regulations (T.D. 9003); guidance to married individuals filing joint returns; relief from joint and several liability.
Announcement 2002-81 (IRB 2002-37) Corrections to proposed regulations (REG-103829-99); definition of highway vehicle for excise tax purposes.
Announcement 2002-79 (IRB 2002-36) Corrections to proposed regulations (REG-103823-99) under Sec. 167; income forecast method of depreciation.
Announcement 2002-73 (IRB 2002-33) Supplement to Publication 590; Individual Retirement Arrangements available.
Announcement 2002-71 (IRB 2002-32) Corrections to final regulations (T.D. 8999); Sec. 894; treaty benefits.
Announcement 2002-69 (IRB 2002-31) Corrections to proposed regulations (REG-123305-02); deductibility of losses recognized on dispositions of subsidiary stock; consolidated group.
Announcement 2002-68 (IRB 2002-31) Corrections to temporary regulations (T.D. 8997); consolidated returns; election to waive 5-year net operating loss (NOL) carryback period.
Announcement 2002-65 (IRB 2002-29) Corrections to proposed regulations (REG-209114-90); Sec. 280G; excess golden parachute payments.
Announcement 2002-63 (IRB 2002-27) Policy revision; tax accrual; financial audit workpapers; tax reserve; deferred tax liabilities.
Announcement 2002-60 (IRB 2002-26) Extension of test of arbitration procedures in Announcement 2000-4 for additional year; Announcement 2000-4 modified.
Announcement 2002-53 (IRB 2002-22) Annual accounting period; discussion of significant issues in Notices 2001-34 and 2001-35.
Announcement 2002-49 (IRB 2002-19) Extension of June 1, 2002 deadline for revised model forms for new IRAs, SEPs and SIMPLE IRA plans.
Announcement 2002-45 (IRB 2002-18) Accounting methods; accrual method; small business taxpayers.
Announcement 2002-44 (IRB 2002-17) Form 8850 Per-Screening Notice and Certification Request for Work Opportunity and Welfare-to-Work Credits; electronic submission to State Employment Security Agencies.
Announcement 2002-48 (IRB 2002-17) IRS brochure on home-based business tax avoidance scams.
Announcement 2002-39 (IRB 2002-14) Corrections to final regulations (T.D. 8978); excise taxes on excess benefit transactions.
Announcement 2002-38 (IRB 2002-14) Corrections to proposed regulations (REG-112991-01) relating to research credit.
Announcement 2002-37 (IRB 2002-13) Comments received in connection with Notice 98-31; resolution of accounting method issues on a nonaccounting-method-change basis.
Announcement 2002-35 (IRB 2002-12) Sec. 263(a); correction to advance notice proposed regulations; capitalizing intangible assets.
Announcement 2002-33 (IRB 2002-12) Sec. 7433; proposed regulations; Taxpayer Bill of Rights 2.
Announcement 2002-26 (IRB 2002-11) Questionable W-4 forms.
Announcement 2002-18 (IRB 2002-10) Frequent flyer miles; nontaxable; exception doesn't apply to amounts converted to cash.
Announcement 2002-23 (IRB 2002-8) Corrections to final regulations (T.D. 8972); income averaging; farm income.
Announcement 2002-22 (IRB 2002-8) Corrections to final regulations (T.D. 8976); valuing dollar-value LIFO pools; inventory price computation; nonrecognition transactions.
Announcement 2002-20 (IRB 2002-8) Corrections to temporary regulations (T.D. 8971); guidance on new markets tax credit.
Announcement 2002-17 (IRB 2002-8) Changes in accounting; automatic consent; corrections to Rev. Proc. 2002-9.
Announcement 2002-19 (IRB 2002-8) Household employees; extension of time to February 15, 2002 to file W-2.
Announcement 2002-12 (IRB 2002-8) Sec. 1.408-2(e); nonbank trustees and custodians.
Announcement 2002-5 (IRB 2002-4) Inflation adjustment; corrections; Rev. Proc. 2001-13; taxpayers subject to Sec. 877 regarding expatriation to avoid tax.
Announcement 2002-4 (IRB 2002-2) Corrections to final regulations; (T.D. 8966); cafeteria plans; Family and Medical Leave Act.
Announcement 2002-2 (IRB 2002-2) Waiver of penalties; tax shelters; disclosure.


Copyright 2002 by A/N Group, Inc. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is distributed with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional should be sought. The information is not necessarily a complete summary of all materials on the subject.--ISSN 1089-1536

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--Last Update 12/30/02