INCOME TAX

Rev. Rul. 2001–2, page 255. Low-income housing credit; satisfactory bond; “bond factor” amounts for the period October through December 2000. This ruling announces the monthly bond factor amounts to be used by taxpayers who dispose of qualified low-income buildings or interests therein during the period October through December 2000. This ruling also announces errors in bond factor amounts for dispositions of 1987 properties in 1998 and of all properties in 1999 and January through June 2000, and sets forth summaries for 1998, 1999, and 2000 that contain the corrected bond factor amounts.

Notice 2001–2, page 265. Research credit suspension periods. This notice provides guidance to help taxpayers compute and report their credit for increasing research activities (research credit) under section 41 of the Code for taxable years that include the research credit suspension periods described in section 502(d)(2) of the Tax Relief Extension Act of 1999, Pub. L. No. 106-170 (Dec. 17, 1999). This notice also explains how to take into account any research credits attributable to a research credit suspension period.

Notice 2001–4, page 267. This notice provides additional guidance to qualified intermediaries and U.S. withholding agents relating to the withholding of income tax under section 1441 of the Code on certain U.S. source income paid to foreign persons.

Rev. Proc. 2001–10, page 272. Methods of accounting; inventories; small taxpayers. This procedure provides that the Commissioner will exercise

Finding Lists begin on page ii.

Department of the Treasury Internal Revenue Service