Bulletin No. 2002–26 July 1, 2002

Rev. Proc. 2002–44, page 10. Appeals mediation procedure. This document formally establishes the Appeals mediation procedure and modifies and expands the availability of mediation for cases that are already in the Appeals administrative process. Announcements 98–99 and 2001–9 superseded.

REG–248110–96, page 19. Proposed regulations under section 817A of the Code affect insurance companies that define the interest rate to be used with respect to certain insurance contracts that guarantee higher returns for an initial, temporary period. Specifically, the proposed regulations define the appropriate interest rate to be used in the determination of tax reserves and required interest for certain modified guaranteed contracts. The proposed regulations also address how temporary guarantee periods that extend past the end of a taxable year are to be taken into account. A public hearing is scheduled for August 27, 2002.