ADMINISTRATIVE

Rev. Proc. 2002–63, page 691. Per diem allowances. This procedure provides rules for deeming substantiated the amount of certain reimbursed traveling expenses of an employee as well as optional rules for determining the amount of deductible meals and incidental expenses while traveling away from home. Rev. Proc. 2001–47 superseded.

Rev. Proc. 2002–65, page 700. Business expenses; capital expenditures; railroad track maintenance costs. This procedure provides a safe harbor method of accounting (track maintenance allowance method) for track structure expenditures paid or incurred by certain railroads. It also provides procedures for a qualifying taxpayer to obtain automatic consent from the Commissioner to change to the track maintenance allowance method. In addition, this procedure provides an option for certain qualifying taxpayers to settle the issue of track structure expenditures for open taxable years using the track maintenance allowance method. Rev. Procs. 2001–46 and 2002–9 modified and amplified.

Announcement 2002–93, page 709. This document contains a correction to the date and location of a public hearing on proposed regulations (REG–165868–01, 2002–31 I.R.B. 270) under section 419A of the Code, which provide guidance regarding whether a welfare benefit plan is part of a 10-or-more employer plan.