ADMINISTRATIVE

REG–116644–01, page 268. Proposed regulations under sections 3406 and 6724 of the Code clarify rules with respect to notices of incorrect taxpayer identification numbers for purposes of backup withholding and waiver of information reporting penalties. A public hearing is scheduled for October 22, 2002.

Rev. Proc. 2002–52, page 242. This document updates the procedures for requesting assistance from the U.S. competent authority under the provisions of an income, estate, or gift tax treaty to which the United States is a party. Rev. Procs. 96–13, 96–14, 91–23, and 91–26 modified and superseded. Rev. Proc. 96–53 amplified. Rev. Rul. 92–75 clarified.

Announcement 2002–68, page 283. This document contains corrections to temporary regulations (T.D. 8997, 2002–26 I.R.B. 6) that provide corporations filing consolidated returns with an election to waive the 5-year net operating loss carryback period with respect to certain acquired members.

Announcement 2002–69, page 283. This document contains corrections to proposed regulations (REG–123305–02, 2002–26 I.R.B. 26) that clarify and amend information relating to the deductibility of losses recognized on dispositions of subsidiary stock by members of a consolidated group.