ADMINISTRATIVE

Notice 2002–44, page 39. This notice provides a central filing address for certain claims under section 41 of the Code for the credit for increasing research activities (research credit) and clarifies that claims for refund claiming the research credit will be administratively considered by the Service only if filed in accordance with applicable regulatory requirements under sections 6402 and 6511 of the Code.

REG–115285–01, page 62. Proposed regulations exclude certain Low-Income Taxpayer Clinics (LITCs) that qualify for grants under section 7526 of the Code from the definition of income tax return preparer under section 7701(a)(36) of the Code. These proposed regulations also exclude certain persons who are employed by, or volunteer for, such clinics.

Announcement 2002–61, page 71. The Service announces that Publication 551, Basis of Assets, is currently available. This publication, revised May 2002, provides basic federal tax and recordkeeping information to determine the basis of property.

Announcement 2002–62, page 72. The Service announces that Publication 583, Starting a Busi- ness and Keeping Records, is currently available. This publication, revised May 2002, provides basic federal tax and recordkeeping information for people who are starting a business.

Announcement 2002–63, page 72. The Service announces that it is revising its policy concerning when it will request tax accrual and other financial audit workpapers relating to the tax reserve for deferred tax liabilities and to footnotes disclosing contingent tax liabilities appearing on audited financial statements.

July 8, 2002 2002–27 I.R.B.