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.

Announcement 2003-3(PDF, 16K)
This announcement lists the names of the neutrals that have been qualified by the Service and Chief Counsel to serve as arbitrators for contingent liability transaction cases proceeding under Rev. Proc. 2002-67, 2003-43 I.R.B. 733.

INCOME TAX

Rev. Proc. 2003-11(PDF, 40K)
This procedure describes the Service's Offshore Voluntary Compliance Initiative for taxpayers that have underreported their United States income tax liability through financial arrangements that in any manner rely on the use of offshore payment cards or offshore financial arrangements.

Rev. Rul. 2003-9(PDF, 22K)
LIFO; price indexes; department stores. The November 2002 Bureau of Labor Statistics price indexes are accepted for use by department stores employing the retail inventory and last-in, first-out inventory methods for valuing inventories for tax years ended on, or with reference to, November 30, 2002.

Rev. Rul. 2003-14(PDF, 15K)
Cost-share payments; SWCA. The Soil and Water Conservation Assistance Program (SWCA) is substantially similar to the type of programs described in sections 126(a)(1) through (8) within the meaning of section 126(a)(9) of the Code. All or a portion of cost-share payments received under the SWCA program is eligible for exclusion from gross income to the extent permitted by section 126.

Rev. Rul. 2003-15(PDF, 18K)
Cost-share payments; AMA. The Agricultural Management Assistance Program (AMA) is substantially similar to the type of programs described in sections 126(a)(1) through (8) within the meaning of section 126(a)(9) of the Code. All or a portion of costshare payments received under the AMA program is eligible for exclusion from gross income to the extent permitted by section 126.

Notice 2003-7(PDF, 16K)
Weighted average interest rate update. The weighted average interest rate for January 2003 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.

Rev. Proc. 2003-13(PDF, 30K)
Deemed IRAs; section 602 of EGTRRA. This procedure describes the application of section 408(q) of the Code for deemed IRAs as added by section 602 of the Economic Growth and Tax Relief Reconciliation Act for plan years after December 31, 2002.

Rev. Proc. 2003-16(PDF, 21K)
Section 644 of EGTRRA; 60-day rollover requirement; waiver. This document describes a procedure for obtaining a waiver of the 60-day rollover requirement under sections 402(c)(3) and 408(d)(3) of the Code for distributions after December 31, 2001.

Rev. Proc. 2003-12(PDF, 21K)
This procedure clarifies that an entity described in section 501(c)(3) of the Code can also meet the requirements of section 115(1). It also provides information on drafting dissolution clauses in the articles of organization of a section 501(c)(3) entity that requests a letter ruling that its income is excluded from gross income under section 115(1).

Rev. Rul. 2003-13(PDF, 37K)
Transfers of assets. This ruling describes the responsibilities of a private foundation relating to section 507 and chapter 42 (sections 4940-4945) of the Code when it transfers all of its assets to one or more public charities described in sections 509(a)(1), 509(a)(2), or 509(a)(3).

Notice 2003-8(PDF, 16K)
This notice advises that until further notice from the Service, no information reporting will be required under section 6045 of the Code with regard to securities futures contracts.

Rev. Proc. 2003-11(PDF, 40K)
This procedure describes the Service's Offshore Voluntary Compliance Initiative for taxpayers that have underreported their United States income tax liability through financial arrangements that in any manner rely on the use of offshore payment cards or offshore financial arrangements.

Rev. Proc. 2003-14(PDF, 30K)
Indian tribal government trusts for minors. This procedure provides a safe harbor under which the Service will treat an Indian tribe as the grantor and owner of a trust for the receipt of gaming revenues under the Indian Gaming Regulatory Act (25 U.S.C. sections 2701-2721) (IGRA) for the benefit of minors or legal incompetents. Beneficiaries of an IGRA trust will not be required to include amounts in gross income when transferred to, or earned by, the IGRA trust under the economic benefit doctrine. Comments are requested on the application of the economic benefit doctrine to IGRA trusts that are not within the scope of this revenue procedure and the type of trust provisions that preclude the application of the economic benefit doctrine. Rev. Proc. 2003-3 amplified.

Rev. Proc. 2003-15(PDF, 89K)
This procedure provides issuers of qualified mortgage bonds, as defined in section 143(a) of the Code, and issuers of mortgage credit certificates, as defined in section 25(c), with a list of qualified census tracts for each state and the District of Columbia. The qualified census tracts are based on data from the 2000 census. Rev. Proc. 93-38 obsoleted.