INCOME TAX

Rev. Rul. 2001–12, page 811. Federal rates; adjusted federal rates; adjusted feder- al 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 March 2001.

T.D. 8927, page 807. Final regulations under section 985 of the Code relate to U.S. taxpayers operating, investing, or otherwise conducting business in the currencies of certain European countries that replace their national currencies with a single, multinational currency called the euro. These regulations provide rules relating to adjustments required for qualified business units operating in such currencies and rules relating to the tax effect of holding such currencies, or financial instruments or contracts denominated in such currencies.

T.D. 8932, page 813. Final regulations under section 7502 of the Code extend the timely-mailing-treated-as-timely-filing rule to electronically filed documents. The regulations also provide that under certain circumstances a claim for credit or refund made on a late-filed original tax return will be treated as filed on the postmark date for purposes of determining the timeliness of the claim.

T.D. 8933, page 794. Final regulations under section 132(f) of the Code provide guidance on qualified transportation fringe benefits (vanpooling, transit passes, and qualified parking) provided by employers to their employees. Notice 94–3 modified. Announcement 2000–78 obsolete.

Finding Lists begin on page ii.

Department of the Treasury Internal Revenue Service