ADMINISTRATIVE

Notice 2002–12, page 526. Patriots’ Day 2002 in Massachusetts and Maine . Because Patriots’ Day falls on April 15, this notice provides individual taxpayers residing in Massachusetts, Michigan, New York (all counties except Nassau, Rockland, Suffolk, Westchester, and New York City), Rhode Island, and Maine an additional day to file their federal income tax returns and make their payments (until April 16, 2002). This includes the payment of the first installment of estimated tax for 2002.

Announcement 2002–9, page 536. Deduction and capitalization of expenditures. The Service invites comments from the public on issues that the IRS

expects to address in proposed regulations (REG–125638–01) relating to rules and standards that the IRS and Treasury Department expect to propose that will clarify the application of section 263(a) of the Code to expenditures incurred in acquiring, creating, or enhancing certain intangible assets or benefits.

Announcement 2002–14, page 540. This document contains corrections to final regulations (T.D. 8973, 2002–4 I.R.B. 391) relating to the allocation of loss with respect to stock and other personal property under sections 861 and 865 of the Code.

Announcement 2002–15, page 540. This document contains corrections to proposed regulations (REGs–142299–01 and 209135–88, 2002–4 I.R.B. 418) that apply to certain transactions or events that result in a Regulated Investment Company (RIC) or a Real Estate Investment Trust (REIT) owning property that has a basis determined by reference to a C corporation’s basis in the property.

February 19, 2002 2002–7 I.R.B.