INCOME TAX

Rev. Rul. 2002–49, page 288. Spin offs . Guidance is provided under section 355(b) of the Code regarding the active trade or business requirement. Rev. Rul. 92–17 amplified.

T.D. 9003, page 294. Final regulations under section 6015 of the Code provide guidance to married individuals filing joint returns who seek relief from joint and several liability. Section 6015 was added by the Internal Revenue Service Restructuring and Reform Act of 1998 to replace former section 6013(e) by providing new and expanded means for a spouse to obtain relief from joint and several liability.

Notice 2002–56, page 319. This document notifies states and other issuers of qualified exempt facility bonds described in section 142(a)(13) of the Code of the proper population figures to be used for calculating the limitation under section 142(k)(5) of the annual aggregate face amount of tax-exempt bonds described in section 142(a)(13).

Announcement 2002–71, page 323. This document contains corrections to final regulations (T.D. 8999, 2002–28 I.R.B. 78) under section 894 relating to the eligibility for treaty benefits of items of income paid by domestic entities.