Links to Official IRS Bulletin Documents listed below are in the Adobe Acrobat PDF Format, and require the appropriate Acrobat Reader to view and/or print.

INCOME TAX

Rev. Rul. 2000-4(PDF, 29K)
Business expenses; capital expenditures; ISO 9000 costs. Cost incurred by a taxpayer to obtain, maintain, and renew ISO 9000 certification are deductible as ordinary and necessary business expenses under section 162 of the Code, except to the extent they result in the creation or acquisition of an asset having a useful life substantially beyond the taxable year (e.g., a quality manual). Rev. Proc. 99-49 modified and amplified.

T.D. 8853(PDF, 72K)
Final regulations under section 7701(l) of the Code re-characterize fast-pay stock arrangements. The regulations also impose reporting requirements on certain participants in fast-pay stock arrangements.

T.D. 8857(PDF, 64K)
Final regulations under section 832(b) of the Code relate to the determination of underwriting income by insurance companies other than life insurance companies by providing guidance for purposes of determining the amount of unearned premiums that are subject to the 20 percent reduction rule.

T.D. 8858(PDF, 201K)
Temporary regulations revise the rules governing allocation of purchase price in deemed and actual asset acquisitions, and other rules, under sections 338 and 1060 of the Code.

Notice 2000-3(PDF, 53K)
This notice provides additional guidance on the safe harbor methods contained in sections 401(k)(12) and 401(m)(11) of the Code for satisfying the nondiscrimination tests contained in section 401(k) and 401(m). The notice also requests public comments on certain issues affecting cash or deferred arrangements. Notice 98-52 modified.

Notice 2000-8(PDF, 16K)
Weighted average interest rate update. The weighted average interest rate for January 2000 and the resulting permissible range of interest rates used to calculate current liability for purposes of the full funding limitation of section 412(c)(7) of the Code are set forth.

EXCISE TAX

Announcement 2000-5(PDF, 26K)
Comments are requested on proposed regulations relating to requirements for excise tax returns and deposits.

T.D. 8855(PDF, 40K)
Final regulations under section 4251 of the Code relate to prepaid telephone cards.

Announcement 2000-6(PDF, 18K)
This announcement corrects final regulations T.D. 8845, 1999-51 I.R.B. 684, under section 6501 of the Code relating to the valuation of prior gifts in determining estate and gift tax liability, and to the period of assessing and collecting gift tax.

Notice 2000-7(PDF, 23K)
Section 1504(d) elections; deferral of termination. This notice provides guidance regarding the effect of the repeal of certain Canadian banking legislation on elections under section 1504(d) of the Code.

REG-105606-99(PDF, 49K)
Proposed regulations under section 41(f) of the Code relate to the computation and allocation of the credit for increasing research activities for members of a controlled group of tax-payers. A public hearing is scheduled for April 26, 2000.

Rev. Proc. 2000-12(PDF, 152K)
This procedure contains the qualified intermediary (QI) withholding agreement as well as guidance for entering into the agreement. The objective of the QI withholding agreement is to simplify withholding and reporting obligations for payments of income (including interest, dividends, royalties, and gross proceeds) made to an account holder through one or more foreign intermediaries. Rev. Proc. 98-27 superseded and Notice 99-8 obsoleted.