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

Announcement 2002-90(PDF, 23K)
For purposes of the Archer MSA pilot program under section 220(j)(2) of the Code, 2002 is not a cut-off year.

Announcement 2002-91(PDF, 29K)
This announcement provides advance notice regarding guidance to issuers of tax-exempt bonds by describing rules the Service and the Treasury Department expect to issue in proposed regulations. This document provides guidance regarding taxexempt bonds that are issued for the government use portion of an output facility when that facility is used for both government and private business use.

Rev. Proc. 2002-58(PDF, 21K)
This procedure provides the domestic asset/liability percentages and domestic investment yield percentages needed by foreign companies conducting insurance business in the United States to compute their minimum effectively connected net investment income.

Rev. Rul. 2002-61(PDF, 20K)
Federal rates; adjusted federal rates; adjusted federal long-term rate and the long-term exempt rate. For purposes of sections 382, 1274, 1288, and other sections of the Code, tables set forth the rates for October 2002.

T.D. 9016(PDF, 86K)
Final regulations under section 141 of the Code provide guidance to issuers of tax-exempt bonds in the application of the private business tests to output facilities and in the application of the special $15 million limitation for output facilities. These regulations also amend regulations issued on January 18, 2001.

EXCISE TAX

Notice 2002-63(PDF, 18K)
Mileage awards. This notice provides guidance on the application of the excise tax on the amount paid for air transportation to amounts paid for frequent flyer miles. Under the notice, amounts paid for mileage awards that cannot be redeemed for taxable transportation are not subject to tax. The notice further provides that, inasmuch as mileage awards issued by a foreign air carrier cannot be redeemed for taxable transportation, those mileage awards are not subject to tax. In addition, the notice provides that amounts paid by an air carrier to another air carrier for mileage awards that can be redeemed for taxable transportation are not subject to tax to the extent those miles will be awarded in connection with the purchase of taxable transportation. Amounts paid by an air carrier to another air carrier for mileage awards that can be redeemed for taxable transportation are subject to tax to the extent the miles will be awarded other than in connection with the purchase of taxable transportation. Notice 2001-6 modified and superseded.

Rev. Rul. 2002-60(PDF, 18K)
Mileage awards. This ruling illustrates the application of Notice 2002-63, in this I.R.B., when a foreign air carrier purchases mileage awards from a domestic air carrier. In addition, the revenue ruling concludes that rr 55-534, 1955-2 C.B. 665, does not hold that all payments between air carriers are exempt from the tax imposed by Section 4261 of the Code. rr 55-534 distinguished.

T.D. 9015(PDF, 20K)
REG-134026-02(PDF, 17K)
Final, temporary, and proposed regulations under section 7602 of the Code amend section 301.7602-1 of the regulations to include officers and employees of the Office of Chief Counsel in the group of persons who can take summoned testimony under oath and receive summoned documents.

Rev. Proc. 2002-60(PDF, 320K)
Substitute tax forms and schedules. Requirements are set forth for privately designed and privately printed federal tax forms and the conditions under which the IRS will accept substitute computer-prepared and computer-generated tax forms and schedules. Rev. Proc. 2001-45 superseded.

Rev. Proc. 2002-62(PDF, 18K)
Election under section 1397B. This document provides procedures for a taxpayer to make an election to defer recognition of capital gain on the sale of a qualified empowerment zone (QEZ) asset.