Small Business Taxes & Management

IRS Pronouncements--2004

Small Business Taxes & ManagementTM--Copyright 2004-2005, A/N Group, Inc.

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The list below contains a synopses of selected revenue rulings, revenue procedures, notices, announcements and regulations beginning with those issued January 1, 2004. The list is limited to those items we believe to be of interest to small to mid-sized businesses, their advisors, CPAs, etc. Rulings, etc. dealing with banks, insurance companies, foreign operations, nonprofits, exotic transactions, etc. are generally excluded. For a similar listing for prior years, go to:

IRS Pronouncements--2003
IRS Pronouncements--2002
IRS Pronouncements--2001
IRS Pronouncements--2000

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" or "find" 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 - 2004

Revenue Rulings

Rev. Rul. 2004-113 (IRB 2004-52) LIFO Price indexes, October, 2004.
Rev. Rul. 2004-112 (IRB 2004-51) Exempt organization; internet activity; trade association; unrelated business income; UBIT.
Rev. Rul. 2004-111 (IRB 2004-51) Interest rates; underpayments and overpayments; quarter beginning January 1, 2005.
Rev. Rul. 2004-110 (IRB 2004-50) Contract cancellation; employment contract; consideration for cancellation and relinquishment of contract rights is ordinary income and wages; FICA; FUTA; withholding at source; Rev. Ruls. 55-520 and 58-301 modified and superseded; Rev. Ruls. 74-252 and 75-44 modified.
Rev. Rul. 2004-109 (IRB 2004-50) Signing or ratifying bonuses; baseball contract; FICA; FUTA; withholding at source; Rev. Ruls. 58-145 and 74-108 revoked; Rev. Ruls. 69-424 and 71-532 obsoleted.
Rev. Rul. 2004-105 (IRB 2004-48) LIFO Price indexes, September, 2004.
Rev. Rul. 2004-108 (IRB 2004-47) Inflation adjustment; CPI; below-market loans; qualified continuing care facility; imputed interest; Sec. 7872(g).
Rev. Rul. 2004-107 (IRB 2004-47) Sec. 1274A; inflation adjustment; CPI.
Rev. Rul. 2004-104 (IRB 2004-46) Covered compensation tables; permitted disparity; 2005; Sec. 401; defined benefit plans.
Rev. Rul. 2004-103 (IRB 2004-45) Sec. 901(j)(2)(A); foreign tax credit; Iraq; Rev. Rul. 95-63 modified.
Rev. Rul. 2004-101 (IRB 2004-44) LIFO Price indexes, August, 2004.
Rev. Rul. 2004-100 (IRB 2004-44) Low-income housing credit; monthly bond factor; January through December 2004.
Rev. Rul. 2004-98 (IRB 2004-42) Parking reimbursements; paid with salary reduction; wages for FICA, FUTA, income tax withholding.
Rev. Rul. 2004-93 (IRB 2004-37) LIFO Price indexes, July, 2004.
Rev. Rul. 2004-92 (IRB 2004-37) Interest rates; over- and underpayments; 4th quarter 2004.
Rev. Rul. 2004-70 (IRB 2004-37) Fringe benefits aircraft valuation formula; Standard Industry Fare Level; SIFL.
Rev. Rul. 2004-91 (IRB 2004-35) LIFO Price indexes, June, 2004.
Rev. Rul. 2004-82 (IRB 2004-35) Low-income housing credit; 12 questions.
Rev. Rul. 2004-90 (IRB 2004-34) Obsolete revenue rulings and revenue procedures; Rev. Ruls. 58-120, 70-58, 79-64, 80-366; Rev. Procs. 89-37, 96-18.
Rev. Rul. 2004-89 (IRB 2004-34) Low-income housing credit; satisfactory bond; bond factor; July through September 2004.
Rev. Rul. 2004-86 (IRB 2004-33) Classification of Delaware statutory trust; interest in; like-kind exchange; Sec. 1031.
Rev. Rul. 2004-85 (IRB 2004-33) Merger; qualified subschapter S subsidiary; Qsub; entity classification election.
Rev. Rul. 2004-88 (IRB 2004-32) TEFRA partnership; disregarded entity; pass-thru partner; tax matter partner; small partnership.
Rev. Rul. 2004-87 (IRB 2004-32) Golden parachute; Sec. 280G; bankruptcy; stock acquisition by former creditors and change in ownership.
Rev. Rul. 2004-83 (IRB 2004-32) Sec. 368(a)(1)(D); Corporate reorganizations; stock of subsidiary sold to another subsidiary and acquired subsidiary liquidates into the acquiring subsidiary.
Rev. Rul. 2004-81 (IRB 2004-32) LIFO Price indexes, May, 2004.
Rev. Rul. 2004-79 (IRB 2004-31) Corporate distributions of property; distribution by subsidiary to its parent of parent indebtedness previously purchased.
Rev. Rul. 2004-78 (IRB 2004-31) Corporate reorganizations; exchange of debt instruments; debt security for a debt instrument.
Rev. Rul. 2004-77 (IRB 2004-31) Disregarded entities; LLC; partnership; two owners under local law.
Rev. Rul. 2004-76 (IRB 2004-31) Dual resident company; entitlement to benefit under U.S. income tax convention; tax treaty.
Rev. Rul. 2004-75 (IRB 2004-31) Annuity payments; taxation of income received by residents of Puerto Rico; nonresident aliens; life insurance and annuity contracts.
Rev. Rul. 2004-68 (IRB 2004-31) Disclosure of returns and returns information; beneficiaries; intestate decedent; material interest.
Rev. Rul. 2004-74 (IRB 2004-30) Offsets under Sec. 6402; Texas law; overpayment from a joint return; community property states; Rev. Ruls. 80-7 and 85-70 amplified and clarified.
Rev. Rul. 2004-73 (IRB 2004-30) Offsets under Sec. 6402; Nevada, New Mexico, and Washington law; overpayment from a joint return; community property states; Rev. Ruls. 80-7 and 85-70 amplified and clarified.
Rev. Rul. 2004-72 (IRB 2004-30) Offsets under Sec. 6402; California, Idaho, and Louisana law; overpayment from a joint return; community property states; Rev. Ruls. 80-7 and 85-70 amplified and clarified.
Rev. Rul. 2004-71 (IRB 2004-30) Offsets under Sec. 6402; Arizona and Wisconsin law; overpayment from a joint return; community property states; Rev. Ruls. 80-7 and 85-70 amplified and clarified.
Rev. Rul. 2004-64 (IRB 2004-27) Tax reimbursement clause; trust whose grantor is treated as its owner; gift tax consequences; trust's income in grantor's taxable income; estate tax consequences.
Rev. Rul. 2004-65 (IRB 2004-27) Post-retirement health benefits; waiver; reduced retiree health coverage; enhanced pension benefits; Sec. 420(c)(2)(E).
Rev. Rul. 2004-63 (IRB 2004-27) Special use value; farms; interest rates; Sec. 2032A; estate tax.
Rev. Rul. 2004-55 (IRB 2004-26) Disability insurance benefits; income tax treatment; short-term and long-term benefits.
Rev. Rul. 2004-62 (IRB 2004-25) Timber fertilization; post-establishment; orinary and necessary business expense; deductible; change in method of accounting.
Rev. Rul. 2004-61 (IRB 2004-25) LIFO Price indexes, April, 2004.
Rev. Rul. 2004-60 (IRB 2004-24) FICA; FUTA; options and deferred compensation transfer on divorce; nonqualified stock options.
Rev. Rul. 2004-59 (IRB 2004-24) Conversion from partnership to corporation; state law; transfer of unincorporated entity's assets.
Rev. Rul. 2004-58 (IRB 2004-24) Preproductive costs of creative property; deduction for affirmative act of abandonment.
Rev. Rul. 2004-57 (IRB 2004-24) Governmental plan; union; deferred compensation plan.
Rev. Rul. 2004-56 (IRB 2004-24) Interest rates on under- and overpayments; third quarter 2004.
Rev. Rul. 2004-52 (IRB 2004-22) Credit card annual fees; not interest; credit card issuer.
Rev. Rul. 2004-51 (IRB 2004-22) Joint venture; tax-exempt organization; Sec. 501(c)(3); insubstantial part of its activities.
Rev. Rul. 2004-45 (IRB 2004-22) Health Savings Accounts; HSA; interaction with other health arrangements; health flexible spending arrangements; health reimbursement arrangements.
Rev. Rul. 2004-49 (IRB 2004-21) Partnerships; amortization of intangibles; Sec. 197(f)(9); anti-churning rules; Sec. 704(c) allocation.
Rev. Rul. 2004-47 (IRB 2004-21) Sec. 265(a)(2); expenses and interest related to tax-exempt securities; affiliated corporate group.
Rev. Rul. 2004-48 (IRB 2004-21) LIFO Price indexes, March, 2004.
Rev. Rul. 2004-46 (IRB 2004-20) Royalties; information reporting; Form 1099; Sec. 6041; 6050N; payments by publishers to literary agents on behalf of an author.
Rev. Rul. 2004-41 (IRB 2004-18) Limited liability company; LLC; collection of employment taxes from member of multi-member domestic LLC.
Rev. Rul. 2004-43 (IRB 2004-18) Sec. 704; 737; assets-over partnership mergers.
Rev. Rul. 2004-42 (IRB 2004-17) LIFO Price indexes, February, 2004.
Rev. Rul. 2004-38 (IRB 2004-15) Health Savings Accounts; HSA; high deductible health plan and no prescription drug coverage; HDHP; separate drug plan; eligibility for HSA.
Rev. Rul. 2004-35 (IRB 2004-13) LIFO Price indexes, January, 2004.
Rev. Rul. 2004-36 (IRB 2004-12) Fringe benefits aircraft valuation formula; SIFL; first half of 2004.
Rev. Rul. 2004-34 (IRB 2004-12) Frivolous tax returns; zero return.
Rev. Rul. 2004-33 (IRB 2004-12) Frivolous tax returns; reparations tax credit.
Rev. Rul. 2004-32 (IRB 2004-12) Frivolous tax returns; meritless home-based business deduction; claiming personal, living, and family expenses as business deductions.
Rev. Rul. 2004-31 (IRB 2004-12) Frivolous tax returns; meritless removal arguments; removal from tax system.
Rev. Rul. 2004-30 (IRB 2004-12) Frivolous tax returns; attempting to avoid taxes under Sec. 861; civil and criminal penalties.
Rev. Rul. 2004-29 (IRB 2004-12) Frivolous tax returns; meritless claim of right; income not subject to tax.
Rev. Rul. 2004-28 (IRB 2004-12) Tax avoidance schemes; frivolous tax returns; excluding gross income under Sec. 911.
Rev. Rul. 2004-27 (IRB 2004-12) Tax avoidance schemes; meritless; corporation sole; religious leader.
Rev. Rul. 2004-37 (IRB 2004-11) Reduction in stated principal amount of a recourse note issued by employee to employer to acquire employer stock; compensation income.
Rev. Rul. 2004-23 (IRB 2004-11) Sec. 355; stock distribution; anticipated increase in stock value as business purpose; shareholder purpose.
Rev. Rul. 2004-22 (IRB 2004-10) COBRA and Medicare entitlement; COBRA continuation coverage expanded from 18 to 36 months if a second qualifying event occurs; medicare entitlement of covered employee.
Rev. Rul. 2004-21 (IRB 2004-10) Sec. 412(i) plans; nondiscrimination; funded in whole or part by life insurance contracts; highly compensated employees.
Rev. Rul. 2004-20 (IRB 2004-10) Sec. 412(i) plans; deductibility; listed transactions; qualified pension plan; holding of life insurance and annuity contracts in excess of participant's benefits; Rev. Rul. 55-748 modified and superseded.
Rev. Rul. 2004-17 (IRB 2004-10) Eligibility requirements of Sec. 911(d)(1); adverse conditions in a foreign country preclude meeting requirements; list of countries; Rev. Proc. 2003-26 supplemented.
Rev. Rul. 2004-8 (IRB 2004-10) Forest Land Enhancement Program (FLEP); Sec. 126; cost-share payments excluded from gross income; rental payments; incentive payments.
Rev. Rul. 2004-19 (IRB 2004-8) LIFO Price indexes, December, 2003.
Rev. Rul. 2004-18 (IRB 2004-8) Environmental remediation expenses under Sec. 263A; hazardous waste cleanup costs must be included in inventory costs; Rev. Ruls. 94-38 and 98-25 clarified; Rev. Proc. 2002-9 modified and amplified.
Rev. Rul. 2004-17 (IRB 2004-8) Environmental remediation expenses; Sec. 1341; paid or incurred in current taxable year to remediate environmental contamination in prior taxable years.
Rev. Rul. 2004-15 (IRB 2004-8) Short sale; broker; transfer; delivery of shares; short sale consummated; Reg. 1.1233-1(a); short-against-the-box; Sec. 1259.
Rev. Rul. 2004-13 (IRB 2004-7) Top-heavy status; profit-sharing plan with cash or deferred arrangement; safe harbor matching.
Rev. Rul. 2004-12 (IRB 2004-7) Plan qualifications; rollover contributions to plan; separate accounting; permissible timing.
Rev. Rul. 2004-11 (IRB 2004-7) Coverage; special rules; acquisitions and dispositions; Sec. 410(b)(6)(C); defined benefit plan; profit sharing plan that includes a qualified cash or deferred arrangement; Sec. 401(k)(2).
Rev. Rul. 2004-10 (IRB 2004-7) Significant detriment; defined contribution plan; allocation of expenses; Sec. 1.411(a)-11(c)(2)(i).
Rev. Rul. 2004-3 (IRB 2004-7) Service partnerships; U.S.-Germany income tax treaty; nonresident partner; activities conducted in U.S.
Rev. Rul. 2004-4 (IRB 2004-6) Employee stock ownership plans; ESOP; S corporations; listed transactions; synthetic equity; Sec. 409(p).
Rev. Rul. 2004-1 (IRB 2004-4) Mileage allowance; accountable plans; local transportation charges.
Rev. Rul. 2004-6 (IRB 2004-4) Public advocacy; public policy issues; tax implications; political campaign activity.
Rev. Rul. 2004-7 (IRB 2004-4) LIFO Price indexes, November, 2003.
Rev. Rul. 2004-5 (IRB 2004-3) Charitable contributions; trust no prohibited from taking charitable deduction under Sec. 642(c) for distributive share of charitable contribution may my partnership.


Revenue Procedures

Rev. Proc. 2004-72 (IRB 2004-52) Qualified Zone Academy Bond, national limitation; allocation.
Rev. Proc. 2004-73 (IRB 2004-51) Adequate disclosure; information shown on a return; understatement of income tax; Rev. Proc. 2003-77 updated.
Rev. Proc. 2004-71 (IRB 2004-50) Cost-of-living adjustments; tax rate tables; personal exemption; standard deduction.
Rev. Proc. 2004-68 (IRB 2004-50) Reportable transaction; exceptions to brief asset holding period filter.
Rev. Proc. 2004-67 (IRB 2004-50) Reportable transaction; exceptions to book-tax filter; Rev. Proc. 2003-25 modified and superseded.
Rev. Proc. 2004-66 (IRB 2004-50) Reportable transaction; exceptions to loss transaction filter; Rev. Proc. 2003-24 modified and superseded.
Rev. Proc. 2004-65 (IRB 2004-50) Reportable transaction; exceptions to contractural protection filter.
Rev. Proc. 2004-64 (IRB 2004-49) Optional standard mileage rates; automobile; vehicle; moving; medical; charitable.
Rev. Proc. 2004-60 (IRB 2004-42) Per diem allowances; reimbursed traveling expenses; substantiation; Rev. Proc. 2003-80 superseded.
Rev. Proc. 2004-59 (IRB 2004-42) Sec. 1441; Voluntary Compliance Program; VCP; withholding; taxes due on payments to foreign persons.
Rev. Proc. 2004-57 (IRB 2004-38) Additional time to file written statement required by Rev. Proc. 2004-23 IRB 2004-16 relating to changes in methods of accounting for costs to acquire or create intangible assets.
Rev. Proc. 2004-56 (IRB 2004-35) Sec. 457(b) plan; model amendments for governmental plans; Rev. Proc. 98-41 suspended.
Rev. Proc. 2004-53 (IRB 2004-34) Alternate aprocedure for preparing and filing W-2; Form 941; W-4; W-5; Schedule D of 941; mergers and acquisitions.
Rev. Proc. 2004-52 (IRB 2004-34) Low-income housing credit; unused housing credit carryovers.
Rev. Proc. 2004-51 (IRB 2004-33) Like-kind exchange using qualified exchange accomodation arrangement; safe harbor; replacement property; 180-day period ending on date of transfer; Rev. Proc. 2000-37 modified.
Rev. Proc. 2004-49 (IRB 2004-33) Relief to S corporations; Qsub election a of subsidary terminate; Rev. Rul. 2004-85; transfer of interests.
Rev. Proc. 2004-48 (IRB 2004-32) Late S corporation election and late election to be classified as association taxable as a corporation; request relief.
Rev. Proc. 2004-47 (IRB 2004-32) Procedure for late reverse qualified terminable interest property (QTIP) election; Sec. 2652.
Rev. Proc. 2004-46 (IRB 2004-31) Simplifed alternate method to obtain extension of time under Sec. 301.9100-3; allocation of generation-skipping transfer exemption; Sec. 2642(b)(1).
Rev. Proc. 2004-45 (IRB 2004-31) Alternative disclosure procedures; disclosure obligations under Sec. 1.6011-4; significant book-tax differences.
Rev. Proc. 2004-42 (IRB 2004-31) Payments through payment cards; optional procedure; determine whether payments are reportable for 1099 under Sec. 6041 and 6041A.
Rev. Proc. 2004-40 (IRB 2004-29) Advance pricing agreement; APA; request for advance ruling.; Rev. Proc. 96-53 and Notice 98-65 superseded.
Rev. Proc. 2004-39 (IRB 2004-29) Qualified residential rental project; compliance with set-aside requirements; qualified project period; Sec. 142(d).
Rev. Proc. 2004-38 (IRB 2004-27) Waiver of annual recertification of tenant income; qualified low-income housing projects; Sec. 42(g)(8)(B); Form 8877.
Rev. Proc. 2004-37 (IRB 2004-26) Procedure for determining source of pension payment to nonresident alien from a defined benefit plan where trust is created in U.S.
Rev. Proc. 2004-36 (IRB 2004-24) Creative property; amortization of costs; safe harbor; 15 years; Rev. Proc. 2002-9 modified and amplified.
Rev. Proc. 2004-35 (IRB 2004-23) S corporation; shareholder election; automatic relief for late filing.
Rev. Proc. 2004-34 (IRB 2004-22) Deferral of certain advance payments in gross income until the year after the year payment received; change in accounting method; Rev. Proc. 71-21 modified and superseded; Rev. Proc. 2002-9 modified and amplified.
Rev. Proc. 2004-33 (IRB 2004-22) Income from credit card late fees as interest income on a pool of credit card loans; automatic consent.
Rev. Proc. 2004-32 (IRB 2004-22) Change in method of accounting; credit card annual fees; Rev. Rul. 2004-52; credit card issuer.
Rev. Proc. 2004-31 (IRB 2004-22) Changes in method of accounting for transfers to trusts under Sec. 461(f).
Rev. Proc. 2004-29 (IRB 2004-20) Meal and entertainment expenses; 50% deduction disallowance exception; statistical sampling; Sec. 274(n).
Rev. Proc. 2004-26 (IRB 2004-19) Military or civilian employees who die as a result of injuries incurred in a terrorist or military action; tax forgiven; claiming refunds; Sec. 692(c).
Rev. Proc. 2004-27 (IRB 2004-17) Royalty interests; operating interest; credit for producing fuel from nonconventional source; sale of qualified fuel.
Rev. Proc. 2004-25 (IRB 2004-16) Remedial amendment period; disqualifying provisions; Sec. 401(b).
Rev. Proc. 2004-23 (IRB 2004-16) Intangibles; acquisition; capitalize; automatic consent; change in accounting method; Sec. 263; Sec. 167; Rev. Proc. 2002-9 modified and amplified.
Rev. Proc. 2004-22 (IRB 2004-15) Health Savings Account; HSA; transition relief; Rev. Rul. 2004-38; eligible individual; separate plan or rider that provides prescription drug benefits.
Rev. Proc. 2004-21 (IRB 2004-14) Withholding foreign partnership (WP); withholding foreign turst (WT) agreements; qualified intermediary (QI); Rev. Proc. 2003-64 modified.
Rev. Proc. 2004-20 (IRB 2004-13) Automobile owners and lessees; trucks, vans, electric automobiles; limitations on depreciation deduction; lease inclusion amount; first-year bonus depreciation; vehicle cents-per-mile rule.
Rev. Proc. 2004-19 (IRB 2004-10) Oil and gas property; elective safe harbor; determination of property's recoverable reserves for cost depletion; Sec. 611.
Rev. Proc. 2004-16 (IRB 2004-10) Calculation of fair market value; distributions; qualified retirement plans.
Rev. Proc. 2004-18 (IRB 2004-9) Qualified mortgage bonds; qualified mortgage credit certificates; purchase price safe harbors; Sec. 143.
Rev. Proc. 2004-12 (IRB 2004-9) Qualified health insurance; state health program; health coverage tax credit (HCTC); Sec. 35.
Rev. Proc. 2004-15 (IRB 2004-7) Minimum funding standards; waivers; defined benefit; defined contribution plans.
Rev. Proc. 2004-14 (IRB 2004-7) S corporation status; termination; direct rollover of stock from employee stock ownership plan; ESOP.
Rev. Proc. 2004-13 (IRB 2004-4) Postponement of time sensitive acts; Sec. 7508; 7508A; individuals serving in Armed Forces; combat zone; Presidentially declared disaster area; military action; Rev. Proc. 2002-71 superseded.
Rev. Proc. 2004-11 (IRB 2004-3) Automatic consent; change in accounting for depreciable or amortizable property after disposition; Rev. Procs. 2000-38; 2000-50; and 2002-9 modified.
Rev. Proc. 2004-8 (IRB 2004-1) User fees for employee plans and exempt organizations; Rev. Proc. 2003-8 superseded.
Rev. Proc. 2004-7 (IRB 2004-1) Areas in which rulings will not be issued; international; Rev. Proc. 2003-7 superseded.
Rev. Proc. 2004-6 (IRB 2004-1) Revised procedures for issuing determination letters on the qualified status of employee plans; Rev. Proc. 2003-6 superseded.
Rev. Proc. 2004-5 (IRB 2004-1) Revised procedures for technical advice; tax exempt and government entities; employee plans; exempt organizations; Rev. Proc. 2003-5 superseded.
Rev. Proc. 2004-4 (IRB 2004-1) Rulings and information letters; issuance procedures; tax exempt and government entities; Rev. Proc. 2003-4 superseded.
Rev. Proc. 2004-3 (IRB 2004-1) Areas in which rulings will not be issued; domestic; Rev. Proc. 2003-3 superseded.
Rev. Proc. 2004-2 (IRB 2004-1) Technical advice and technical expedited advice; financial institutions; corporate; income tax and accounting; international; passthroughs and special industries; procedure and administration; tax exempt and government; rights a taxpayer has when a director requests technical advice; Rev. Proc. 2003-2 superseded.
Rev. Proc. 2004-1 (IRB 2004-1) Letter rulings; determination letters; revised procedures; corporate; financial institutions & products; income tax & accounting; international; passthroughs and special industries; procedure and administration; large and mid-size business division; Small Business/Self-Employed Division; tax exempt and government; Rev. Proc. 2003-1 superseded.



T.D. 9163 (IRB 2004-52) Sec. 6081; automatic extension to file certain information returns and exempt organization returns; signature requirement; corporation income tax return; automatic extension.
T.D. 9162 (IRB 2004-51) Sec. 6302; federal unemployment tax deposit requirements; increased threshold; $500.
T.D. 9159 (IRB 2004-49) Sec. 3121(a)(5)(D); salary reduction agreement; definition.
T.D. 9160 (IRB 2004-45) Sec. 6050P; information reporting requirements; discharges of indebtedness by businesses involved in business of lending money.
T.D. 9161 (IRB 2004-43) Sec. 6038A; Form 5472; timely filed electronically; duplicate requirement.
T.D. 9156 (IRB 2004-42) Sec. 6091; filing of hand-carried returns and other documents; updated references.
T.D. 9157 (IRB 2004-40) Sec. 988; 1275; contingent payment debt instruments; payments denominated in or determined by currency other than taxpayer's functional currency.
T.D. 9155 (IRB 2004-40) Sec. 1502; REG-129274-04; deemed waiver rule Reg. Sec. 1.1502-32T(b)(4)(v).
T.D. 9154 (IRB 2004-40) Sec. 1502; REG-135898-04; extend time for consolidated groups to make elections; amend or revoke prior elections; loss on disposition of subsidiary stock.
T.D. 9153 (IRB 2004-39) Sec. 7701; REG-124872-04; dually chartered entities; entities recognized under foreign law; federal tax characteristics.
T.D. 9152 (IRB 2004-39) Sec. 121; principal residence; exclusion of gain; reduced maximum exclusion if taxpayer has not owned and used property as principal residence for two of five preceding years; exclusion within preceding two years.
T.D. 9150 (IRB 2004-39) Sec. 141; 142; finalization of portion of REG-132483-03; tax-exempt bonds; remedial action.
T.D. 9151 (IRB 2004-38) Sec. 1031; Like-kind exchange; determining like-kind property; North American Industry Classification System (NAICS) replaces Standard Industrial Classification (SIC).
T.D. 9139 (IRB 2004-38) Sec. 7701; eligible entity; timely election to be classified as S corporation deemed to have elected to be classified as an association taxable as a corporation; REG-131786-03.
T.D. 9148 (IRB 2004-37) Sec. 83; transfer of compensatory stock option to related person not arm's length transaction; additional income at time of exercise.
T.D. 9147 (IRB 2004-37) Sec. 163; qualified dividend income as investment income for investment interest expense.
T.D. 9146 (IRB 2004-36) Sec. 179; election to expense cost of depreciable property; making and revoking election; REG-129771-04.
T.D. 9144 (IRB 2004-36) Sec. 421; stautory stock options; incentive stock options; options granted under an employee stock purchase plan.
T.D. 9143 (IRB 2004-36) Sec. 861; charitable contribution deductions allocable to U.S. source income; REG-208246-90.
T.D. 9141 (IRB 2004-35) Sec. 904(d); exception from passive income for active rents and royalties; foreign tax credit.
T.D. 9142 (IRB 2004-34) Sec. 408(q); deemed IRAs; qualified employer plans; non-bank trustees.
T.D. 9137 (IRB 2004-34) Sec. 460; partnership transactions; long-term contract method of accounting.
T.D. 9140 (IRB 2004-32) Sec. 461; transfer of note or promise to provide property not a transfer for satisfaction of contested liability; economic performance.
T.D. 9136 (IRB 2004-31) Sec. 3406; information reporting and backup withholding; payment card transactions; Qualified Payment Card Agent.
T.D. 9135 (IRB 2004-30) Sec. 61; Sec. 1.61-8(b); inclusion of advance rentals in gross income in a year other than the year of receipt.
T.D. 9134 (IRB 2004-30) Sec. 5891; manner and method of paying and reporting excise tax; structured settlement payment rights; qualified order.
T.D. 9133 (IRB 2004-28) Sec. 280F; exclusion of trucks and vans that are nonqualified personal use vehicles from the definition of passenger automobiles; transitionrules for property placed in service prior to July 7, 2003.
T.D. 9132 (IRB 2004-28) Sec. 168; depreciation; use of property changes in the hands of the same taxpayer; depreciation in year of change and subsequent years.
T.D. 9131 (IRB 2004-27) Sec. 448; 263A; 481(a); change in method of accounting; taking adjustment income account over same number of years as general administrative procedures.
T.D. 9130 (IRB 2004-26) Sec. 401(a)(9); 403(b); required minimum distributions for defined benefits plans and annuity contracts providing benefits under qualified plans; individual retirement plans; change to the separate account rules in final regulations; required minimum distributions for defined contribution plans.
T.D. 9129 (IRB 2004-24) Sec. 263A; interest expense incurred by lessor in certain safe harbor leasing transactions.
T.D. 9127 (IRB 2004-24) Sec. 180; COD income; cancellation of debt; income during or after year in which taxpayer is distributor or transferor of assets.
T.D. 9126 (IRB 2004-23) Sec. 704; revaluations; grant of an interest in the partnership as consideration for the provision of services to or for the benefit of the partnership.
T.D. 9125 (IRB 2004-23) Sec. 221; qualified education loan; treatment of interest; capitalized interest.
T.D. 9124 (IRB 2004-20) Sec. 465; amount at risk; amounts borrowed from a person who has an interest in an activity other than that of a creditor.
T.D. 9123 (IRB 2004-20) Sec. 1296; 1291; 1295; holders of marketable stock in passive foreign investment company (PFIC).
T.D. 9121 (IRB 2004-20) Sec. 704(b); REG-139792-02; proper allocation of certain foreign tax expenditures of a partnership.
T.D. 9122 (IRB 2004-19) Sec. 1502; determination of basis of stock of common parent; stock acquired in transaction that qualifies as a group structure change.
T.D. 9120 (IRB 2004-19) Sec. 861; alternative method of valuing assets for apportioning interest; tax book value method; electing alternative method.
T.D. 9119 (IRB 2004-17) Sec. 6695; 6107; eliminate references to manually signed returns; preparer's obligations to furnish returns to taxpayers; retain copies.
T.D. 9118 (IRB 2004-15) Sec. 337; REG-153172-03; computing stock loss attributable to recognition of built-in gain; expenses directly attributable to recognition of gain.
T.D. 9117 (IRB 2004-15) Sec. 1402; 108; 1245; REG-167265-03; timing of basis adjustments; consolidated group; discharge of indebtedness income.
T.D. 9116 (IRB 2004-14) Sec. 45D; new markets tax credit; qualified equity investment; community development entity.
T.D. 9115 (IRB 2004-14) Sec. 168; depreciation of MACRS property acquired in like-kind exchange or as a result of involuntary conversion; Notice 2000-4 obsoleted; REG-138499-02 partially withdrawn.
T.D. 9111 (IRB 2004-8) Sec. 6103; definition of agent includes contractors in certain provisions of Sec. 6103.
T.D. 9110 (IRB 2004-8) Sec. 42; order in which credits are allocated from the state housing credit ceiling; 10-percent basis requirement.
T.D. 9109 (IRB 2004-8) Sec. 6662; 6664; defenses available to imposition of accuracy-related penalty; reportable transaction; failure to disclose position taken based upon a regulation being invalid; acting with reasonable cause and in good faith in relying on opinion or advice.
T.D. 9107 (IRB 2004-7) Sec. 263(a); 167(a); acquire or create intangibles; facilitate acquisition of a trade or business; change in capital structure; safe harbor amortization.
T.D. 9108 (IRB 2004-6) Sec. 6011; confidential transactions; list maintenance.
T.D. 9105 (IRB 2004-6) Sec. 167; 446; 1016; changes in determining depreciation or amortization; changes in accounting methods; REG-126459-03.
T.D. 9104 (IRB 2004-6) Sec. 41; definition of qualified research; credit for increasing research activities; recordkeeping requirements.
T.D. 9106 (IRB 2004-5) Sec. 7430; awards of attorney's fees based upon qualified offers; guidance to taxpayers on how to make a qualified offer; how qualified offers operate.
T.D. 9102 (IRB 2004-5) Sec. 643; definition of trust accounting income; state laws; capital gains in a trust's distributable net income; pooled income funds; charitable remainder trusts.
T.D. 9101 (IRB 2004-5) Sec. 6043; reporting rules regarding corporations which are acquired, or which experience a recapitalization or other substantial change in capital structure; REG-143321-02.
T.D. 9103 (IRB 2004-3) Sec. 6045; brokers; information returns to individuals; substitute payments in lieu of dividends.
T.D. 9100 (IRB 2004-3) Sec. 6011; electronic filing of certain income tax returns and forms; REG-116664-01.
T.D. 9099 (IRB 2004-2) Sec. 417; qualified joint and survivor annuities; qualified preretirement survivor annuities; optional forms of benefit.


Proposed Regulations

REG-149519-03 (IRB 2004-51) Sec. 707; transactions between a partnership and its partners; disguised sales of partnership interests between partners; disclosure of certain transfers and assumption of liabilities.
REG-145535-02 (IRB 2004-51) Sec. 355(e); definition of terms; predecessor; successor; distributing or controlled corporation.
REG-155608-02 (IRB 2004-49) Sec. 501(c)(3); 403(b); tax-shelter annuities; custodial accounts; tax exempt organizations; church retirement accounts.
REG-114726-04 (IRB 2004-47) Sec. 401(a); phased retirement program; distributions from pension plans.
REG-138176-02 (IRB 2004-43) Sec. 7502; registered or certified mail receipt; proof of delivery; prima facie; proof of mailing.
REG-145988-03 (IRB 2004-42) Sec. 2651; generation skipping transfer tax; GST; generation assignment; predeceased parent rule.
REG-101282-04 (IRB 2004-42) Sec. 269B; 1504(b); 904; 861; stapled foreign corporation.
REG-145987-03 (IRB 2004-39) Sec. 2642; qualified severance of trust for generation-skipping transfer tax; GST.
REG-130863-04 (IRB 2004-39) Sec. 368(a); transfers of assets or the stock of parties to a reorganization.
REG-128767-04 (IRB 2004-39) Sec. 752; taking into account net value of disregarded entity owned by partner or related person for allocation partnership liabilities; economic risk of partnership liability.
REG-149524-03 (IRB 2004-39) Sec. 1363; LIFO recapture by corporations converting from C corporation to S corporation status.
REG-131264-04 (IRB 2004-38) Sec. 1502; rules for taking income account income, gain, deduction, and loss; transactions between members of consolidated group; intercompany transactions; incentive payments.
REG-106899-04 (IRB 2004-38) Sec. 368; requirements necessary for transaction to qualify a mere change in identity, form, or place of organization; Sec. 368(a)(1)(F); F reorganization.
REG-136481-04 (IRB 2004-37) Sec. 861; basis for determining source of compensation for labor or personal services performed partly within and partly without U.S.
REG-129706-04 (IRB 2004-37) Sec. 368; tax-free reorganization; whether owners of acquired corporation have exchanged their interests for a substantial interest in the acquiring corporation.
REG-108637-03 (IRB 2004-37) Sec. 1275; accrual of original issue discount (OID) on certain real estate mortgage investment conduit (REMIC) regular interests.
REG-163679-02 (IRB 2004-35) Sec. 2702; gifts; qualified interests; interest payable to grantor for term of years; grantor has power to revoke a qualified interest of the grantor's spouse.
REG-124405-03 (IRB 2004-35) Sec. 59(e); optional 10-year writeoff of certain tax preferences; making and revoking election.
REG-150562-03 (IRB 2004-32) Sec. 1045; partnerships and partners; deferral of gain; sale of qualified small business stock.
REG-153841-02 (IRB 2004-31) Sec. 2632(c); election to not have the deemed allocation of unused generation-skipping transfer tax exemption; GST; transfers to GST trust; making election to treat a trust as a GST trust.
REG-131486-03 (IRB 2004-28) Sec. 1375; adjustment to the amount subject to tax where S corporation acquires assets from a C corporation to which Sec. 1374(d)(8) applies; assets acquired from C corporation in a carryover basis transaction.
REG-140492-02 (IRB 2004-23) Sec. 142; Solid was disposal facility; definition; exempt facility bonds; private activity bond.
REG-128590-03 (IRB 2004-21) Sec. 265; consolidated return treatment of intercompany obligations treated as financing tax-exempt obligations; directly traceable.
REG-116564-03 (IRB 2004-20) Sec. 358; 368; 351; tracing approach in determining basis of stock and securities received in such transactions.
REG-106681-02 (IRB 2004-18) Sec. 856; qualified REIT subsidiary; qualified subchapter S subsidiary; treated as an entity separate from its owner.
REG-128309-03 (IRB 2004-16) Sec. 411(d)(6); 4980F; plan amendment may reduce or eliminate an early retirement benefit.
REG-121475-03 (IRB 2004-16) Sec. 1397E; qualified zone academy bonds; QZAB.
REG-166012-02 (IRB 2004-13) Sec. 446; inclusion in income or deduction of a contingent nonperiodic payment made pursuant to a notional principal contract; bullet swaps; forward contracts.
REG-165579-02 (IRB 2004-13) Sec. 368; transferor may transfer, after a reorganization, assets or stock to a transferee controlled by transferor; continuity of business enterprise; definition of party to reorganization.
REG-156421-03 (IRB 2004-10) Sec. 3121(b)(10); 3306(c)(10)(B); FICA; FUTA; exceptions for student services; employer considered school, college, or university; employee considered student.
REG-126967-03 (IRB 2004-10) Sec. 402; 79; 83; amount includible in participant's income when a life insurance contract is distributed from a qualified plan; valuation requirements for employer-provided life insurance.
REG-139845-02 (IRB 2004-5) Sec. 2032; election to value a decedent's gross estate on the alternate valuation date; change by Deficit Reduction Act of 1984.
REG-122379-02 (IRB 2004-5) Sec. 330 (title 31); best practices for tax advisors providing advice relating to federal tax issues or submissions to the IRS; specific requirements for tax shelters.



Notice 2004-83 (IRB 2004-52) Private delivery service; updated list; timely mailing, timely filing.
Notice 2004-81 (IRB 2004-51) Individual's income exempt from notice of levy for delinquent tax collection in 2005.
Notice 2004-80 (IRB 2004-50) Alert to recent amendments to Secs. 6111, 6112, 6708.
Notice 2004-79 (IRB 2004-49) Sec. 106; definition of dependent.
Notice 2004-78 (IRB 2004-48) Actuarial assumptions; distributions under Sec. 101 of Pension Funding Equity Act of 2004.
Notice 2004-76 (IRB 2004-48) Sec. 42; income limitation suspended; low-income housing credit; Florida; Hurricanes Ivan; Charley; Frances; Jeanne; Notice 2004-66 amplified and superseded.
Notice 2004-75 (IRB 2004-48) Sec. 42; income limitation suspended; low-income housing credit; Ohio; Hurricane Ivan; Hurricane Frances.
Notice 2004-74 (IRB 2004-48) Sec. 42; income limitation suspended; low-income housing credit; Alabama; Hurricane Ivan.
Notice 2004-73 (IRB 2004-46) Social security contribution and benefit base; domestic employee threshold; OASDI; 2005; self-employment income.
Notice 2004-72 (IRB 2004-46) Sec. 415; cost-of-living adjustments; dollar limits; retirement plans; COLA; deferred compensation; control employees; qualified pension plans.
Notice 2004-71 (IRB 2004-45) Sec. 1(h)(11); dividends; domestic corporation; qualified foreign corporation; capital gain rates; guidance for making information returns under Sec. 6042; Form 1099-DIV.
Notice 2004-70 (IRB 2004-44) Qualified dividend income; Sec. 1(h)(11); foreign corporations.
Notice 2004-66 (IRB 2004-42) Sec. 42; low income housing credit properties; Florida; suspension of income limitation requirements; Hurricane Charley and Frances.
Notice 2004-67 (IRB 2004-41) Sec. 6011; 6111; listed transactions; Notice 2003-76 supplemented and superseded.
Notice 2004-63 (IRB 2004-41) Sec. 6050S; payments of loan orgination fee; capitalized interest; failure to report; penalties.
Notice 2004-60 (IRB 2004-40) Minimum funding standard; disaster relief; Tropical Storm Bonnie; Hurricane Charley, Hurricane Frances; employee benefit plans.
Notice 2004-58 (IRB 2004-38) Sec. 337; method IRS will accept for determining whether subsidiary stock loss is disallowed; subsidiary loss basis reduced.
Notice 2004-59 (IRB 2004-36) Sec. 412(l)(12); restrictions placed on plan amendments following an employer's election for the alternative deficit reduction contribution.
Notice 2004-54 (IRB 2004-33) Paid preparers permited to sign original returns, amended returns or request for extension by rubber stamp, mechanical device.
Notice 2004-50 (IRB 2004-33) Health Savings Accounts; HSAs; questions and answers; relief for plans not qualifying as high deductible healt plans (HDHPs); transition relief; Notice 2004-2 modified.
Notice 2004-45 (IRB 2004-28) Meritless filing position of certain U.S. citizens who claim to be residents of U.S. Virgin Islands; effectively connected income; conduct of trade or business.
Notice 2004-41 (IRB 2004-28) Charitable contributions and conservation easements; consequences of overstated or inappropriate valuations and transactions.
Notice 2004-43 (IRB 2004-27) High deductible health plans; HDHP; transition relief for taxpayers in states where HDHP not available.
Notice 2004-39 (IRB 2004-22) Sec. 1(h); changes made by Jobs and Growth Tax Relief Reconciliation Act of 2003; capital gain dividends paid by regulated investment companies (RICs); real estate investment trusts (REITs).
Notice 2004-38 (IRB 2004-21) Issue temporary and proposed regulations; qualified amended return; definition; Sec. 1.6664-2(c)(3).
Notice 2004-37 (IRB 2004-21) Sec. 1504(a)(2)(B); satisfaction of value requirement; determining whether a corporation is a member of an affiliated group.
Notice 2004-36 (IRB 2004-19) Distributable amount of private foundation; Sec. 4942; Ann Jackson Family Foundation.
Notice 2004-35 (IRB 2004-19) Net investment income of private foundation; Sec. 4940; distributions from trusts and estates; claiming refunds.
Notice 2004-33 (IRB 2004-18) Sec. 29; credit for sales of fuel produced from a nonconventional source; inflation adjustment factor; reference price.
Notice 2004-31 (IRB 2004-17) Sec. 6111; listed transaction; equity financing structures using partnerships; special allocation of partnership items; guaranteed payments; limitations of Sec. 163(j).
Notice 2004-30 (IRB 2004-17) S corporation tax shelter; nonvoting stock donated to an exempt organization; Sec. 1361(c)(6); Sec. 511; UBIT carry-over losses; transactions not allowed; listed transaction.
Notice 2004-28 (IRB 2004-16) Frivolous claims for refunds; alternative minimum tax; exercise of compensatory stock options; without merit.
Notice 2004-27 (IRB 2004-16) Losses; decrease in stock value; deductions for theft losses disallowed; fraudulent misrepresentations; illegal conduct of corporate officials.
Notice 2004-25 (IRB 2004-15) Health Savings Account; HSA; transition relief; requirement that HSA must pay or reimburse on a tax-free basis only qualified medical expenses; Notice 2004-2; Q&A 26.
Notice 2004-23 (IRB 2004-15) High deductible health plan; HDHP; preventive care benefits allowed; safe harbor; Health Savings Account; HSA; Sec. 223.
Notice 2004-22 (IRB 2004-12) Frivolous tax arguments; civil and criminal penalties.
Notice 2004-13 (IRB 2004-12) Common mistakes individual taxpayers make preparing their return.
Notice 2004-18 (IRB 2004-11) Request for comments regarding treatment of capitalized amounts the facilitate acquisition of a trade or business.
Notice 2004-20 (IRB 2004-11) Acquisition of stock of a foreign target corporation; election under Sec. 338; prearranged plan to sell target corporation's assets; listed transaction.
Notice 2004-19 (IRB 2004-11) Notice 98-5 withdrawn; IRS to continue scrutinize abusive transactions designed to generate foreign tax credits; Notice 2003-76 modified.
Notice 2004-17 (IRB 2004-11) Benefits under the Smallpox Emergency Personnel Protection Act of 2003 (SEPPA); exempt from income and employment taxes.
Notice 2004-12 (IRB 2004-10) Standards for determining exception from FICA; services performed by student; Sec. 3121(b)(10); Rev. Proc. 98-16 suspended.
Notice 2004-16 (IRB 2004-9) Relief from applicationof information reporting with respect to medical care under health flexible spending arrangements and health reimbursement arrangement; Rev. Rul. 2003-43.
Notice 2004-15 (IRB 2004-9) Determining penalty tax implications; distribution from an annuity contract; part of a series of substantially equal periodic payments under Sec. 72(q)(2).
Notice 2004-5 (IRB 2004-7) Electing large partnership; partner's distributive share of partnership's dividends; Sec. 772(a)(11); qualified dividend income.
Notice 2004-11 (IRB 2004-5) Research credit recordkeeping requirement agreement; pilot program; large and mid-size business.
Notice 2004-10 (IRB 2004-6) Electronic delivery of Form 10999 and Form 5498 payee statements.
Notice 2004-9 (IRB 2004-4) Extension of 2004 deadlines under Sec. 1.6043-4T and 1.6045-3T; filing Form 8806; Form 1099-CAP.
Notice 2004-8 (IRB 2004-4) Roth IRAs; abuses; listed transactions; disallowance of deductions; excise tax; tax shelter.
Notice 2004-7 (IRB 2004-3) Charitable contributions; intellectual property; transfer of patents; partial interest; overvaluation
Notice 2004-6 (IRB 2004-3) Capitalization; business expenses; tangible prperty; intention to issue regulations; Sec. 162 and 263.
Notice 2004-4 (IRB 2004-2) Levy; amount exempt from individual's income; tables for 2004.
Notice 2004-2 (IRB 2004-2) Health Savings Accounts; HSAs; basic information.
Notice 2004-1 (IRB 2004-2) Individual taxpayer identification number; ITIN; Reg. Sec. 301.6109.



Announcement 2004-93 (IRB 2004-48) E-file Partnership Program.
Announcement 2004-96 (IRB 2004-47) New Code Y for use on 2005 Form W-2; identify deferrals of income under nonqualified deferred compensation plan.
Announcement 2004-86 (IRB 2004-46) Sec. 904(d); foreign tax credit limitation; foreign personal holding company income; corrections to temporary regulations.
Announcement 2004-81 (IRB 2004-42) Income tax treaty; Sri Lanka.
Announcement 2004-80 (IRB 2004-41) Form 5500; Schedule B; actuarial data; instructions to line 8c clarified.
Announcement 2004-72 (IRB 2004-41) Sec. 1.408-2(e); nonbank trustees; nonbank custodians; list of entities.
Announcement 2004-75 (IRB 2004-40) Rules regarding proper timing of income or deduction attributable to an interest-only regular interes in a REMIC.
Announcement 2004-71 (IRB 2004-40) Sec. 401(a); draft revenue procedure; qualification; determination letters; staggered remedial amendment periods.
Announcement 2004-70 (IRB 2004-39) Sec. 6715; Service will not assert penalty for diesel fuel delivered or sold in Florida; September 2, 2004 through 15, 2004.
Announcement 2004-69 (IRB 2004-39) Withdrawal of proposed regulations (REG-165579-02); effect of transfers of assets or stock; reorganization under Sec. 368(a).
Announcement 2004-68 (IRB 2004-38) Corrections to proposed regulations (REG-150562-03, IRB 2004-32); application of Sec. 1045 to partnerships and partners.
Announcement 2004-67 (IRB 2004-36) Corrections to Notice 2004-2; IRB 2004-2; Health Savings Accounts; HSA.
Announcement 2004-57 (IRB 2004-27) Age discrimination regulations; proposed withdrawal; Sec. 411(b)(1)(H) and 411(b)(2); cash balance plans.
Announcement 2004-54 (IRB 2004-24) Income tax treaty with Japan.
Announcement 2004-52 (IRB 2004-24) Correction; Section 457; Rev. Rul. 2004-57; plan established by labor organization.
Announcement 2004-48 (IRB 2004-22) Rev. Proc. 2004-34; defer part or all of certain payments; accrual method of accounting.
Announcement 2004-47 (IRB 2004-21) Corrections to temporary regulations; T.D. 9118; Sec. 337; stock loss attributable to recognition of built-in gain; gain on disposition of asset reduced by expenses directly attributable to recognition of that gain.
Announcement 2004-46 (IRB 2004-21) Son of Boss transactions; settlement initiative.
Announcement 2004-44 (IRB 2004-21) Regulations; proposed; Sec. 7701(f); Sec. 265(a)(2); Sec. 246A; related parties; pass-through entities; other intermediaries.
Announcement 2004-43 (IRB 2004-21) PBGC; alternative deficit reduction election; Sec. 412(l).
Announcement 2004-38 (IRB 2004-18) Minimum funding standards; alternative deficit reduction election; Sec. 412(l).
Announcement 2004-33 (IRB 2004-18) Pre-approved employee plans; proposed revenue procedure; master and prototype; volume submitter.
Announcement 2004-32 (IRB 2004-18) Employee plans determination letter program; individually designed plans.
Announcement 2004-42 (IRB 2004-17) Explanation that Rev. Proc. 2004-27 as published in IRB 17 differs from advance version; references to cash method of accounting have been removed.
Announcement 2004-40 (IRB 2004-17) Corrections to proposed regulations; REG-166012-02; Sec. 446; income or deduction of contingent nonperiodic payment pursuant to notional principal contract.
Announcement 2004-39 (IRB 2004-17) Corrections to final regulations; T.D. 9088; Sec. 482; stock-based compensation taken into account for intangible development costs; controlled participant in qualified cost sharing arrangement.
Announcement 2004-26 (IRB 2004-15) Advance Pricing Agreement; APA; report.
Announcement 2004-24 (IRB 2004-14) Publication 971; Innocent Spouse Relief (And Separation of Liability and Equitable Relief) revised March 2004.
Announcement 2004-21 (IRB 2004-13) Publication 538 Accounting Periods and Methods; revised March 2004 available.
Announcement 2004-16 (IRB 2004-13) Form 3115; Application for Change in Accounting Method; revised December 2003.
Announcement 2004-20 (IRB 2004-13) Publication 1542; Per Diem Contracts; revised each time new per diem rates announced; revisions available on web site.
Announcement 2004-11 (IRB 2004-10) Fiscal year pass-through entities; partnerships; S corporations; estates; fiscal year beginning in 2002; receipt of qualified dividends; Announcement 2003-56 modified.
Announcement 2004-10 (IRB 2004-7) Sec. 1502; corrections to final and temporary regulations; T.D. 9048; basis of stock of subsidiary member of consolidated group; transfer of stock; deconsolidation; disposition.
Announcement 2004-9 (IRB 2004-6) Sec. 41; definition of internal-use software contained in the credit for increasing research activities; interim effective dates; REG-153656-03.
Announcement 2004-8 (IRB 2004-6) Correction of user fee; extension of time to file Form 3115; Application for Change in Accounting Method; correct fee is $1,200; Rev. Proc. 2004-1.
Announcement 2004-7 (IRB 2004-4) Corrections to proposed regulations; REG-146893-02; REG-115037-00; Sec. 482; controlled services transactions; allocation of income from intangibles.
Announcement 2004-5 (IRB 2004-4) Form 8806; Information Return for Acquisition of Control or Substantial Change in Capital Structure.
Announcement 2004-2 (IRB 2004-3) W-2; new reporting code; employer contributions to employee's Health Savings Account (HSA).
Announcement 2004-3 (IRB 2004-2) Distribution codes for Form 1099-R; Form 5498; changes for tax year 2003.


Copyright 2004-2005 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 01/07/05