INCOME TAX

Rev. Rul. 2002–8, page 564. Low-income housing credit; satisfactory bond; “bond factor” amounts for the period January through March 2002. 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 January through March 2002.

REG–209114–90, page 576. Proposed regulations under section 280G of the Code provide guidance about the denial of the deduction to a corporation for any excess golden parachute payment to certain individuals.

Notice 2002–17, page 567. This notice provides guidance, in a question and answer format, on the tax relief provided under Executive Order No. 13239 (2001–53 I.R.B. 632) for U.S. military and support personnel involved in the military operations in Afghanistan.

Rev. Proc. 2002–16, page 572. Optional election to make monthly 706(a) computations. This procedure allows certain partnerships that invest in assets exempt from taxation under section 103 of the Code to make an election that enables money market fund partners to take into account monthly the inclusions required under sections 702 and 707(c).