Bulletin No. 2002–20 — Internal Revenue Bulletin 2002-20

T.D. 8989, page 920 . REG–107184–00, page 967 . Final, temporary, and proposed regulations are designed to eliminate regulatory impediments to the electronic filing of Form 1040, U.S. Individual Income Tax Return .

T.D. 8990, page 947 . Final regulations under section 1092 of the Code provide rules under which equity options with flexible terms and certain qualifying over-the-counter options may, under certain conditions, be eligible for qualified covered call treatment. This regulation also provides a maximum term limitation of 33 months for certain qualified covered calls.

Rev. Proc. 2002–32, page 959. Waiver of 60-month bar on reconsolidation after disaffili- ation . This procedure provides guidance to certain taxpayers in obtaining a waiver of the general rule of section 1504(a)(3)(A) of the Code barring a corporation from filing a consolidated return with a group of which it had ceased to be a member for 60 months following the year of disaffiliation. Rev. Proc. 91–71 clarified and superseded.