ADMINISTRATIVE

REG–120135–01, page 552. Proposed regulations relate to the definition of agent for certain purposes. The regulations clarify that the term agent in certain provisions of section 6103 of the Code includes contractors.

Notice 2002–15, page 548. This notice supplements the tax relief granted in Notices 2001–61 (2001–40 I.R.B. 305) and 2001–68 (2001–47 I.R.B. 504) for taxpayers affected by the September 11, 2001, terrorist attack by providing an additional postponement of time to apply for a tentative carryback adjustment under section 6411 of the Code.

Announcement 2002–17, page 561. Changes in method of accounting; automatic consent. This announcement reflects corrections to Rev. Proc. 2002–9 (2002–3 I.R.B. 327), which provides procedures under which taxpayers may obtain automatic consent of the Commissioner to change certain methods of accounting. Rev. Proc. 2002–9 modified and clarified.

Announcement 2002–20, page 561. This document contains corrections to temporary regulations (T.D. 8971, 2002–3 I.R.B. 308) relating to guidance on the new markets tax credit.

Announcement 2002–21, page 562. This document contains corrections to temporary regulations (T.D. 8975, 2002–4 I.R.B. 379) relating to certain transfers of property to a Regulated Investment Company (RIC) or a Real Estate Investment Trust (REIT).

Announcement 2002–22, page 562. This document contains corrections to final regulations (T.D. 8976, 2002–5 I.R.B. 421) that provide guidance regarding methods of valuing dollar-value LIFO pools and affect persons who elect to use the dollar-value LIFO and inventory price index computation (IPIC) methods or who receive dollar-value LIFO inventories in certain nonrecognition transactions.

Announcement 2002–23, page 563. This document contains corrections to final regulations (T.D. 8972, 2002–5 I.R.B. 443) relating to averaging of farm income.

February 25, 2002 2002–8 I.R.B.