SECTION 14. PROCEDURE & ADMINISTRATION ISSUES

.01 Bankruptcy and Collection

Statute or Regulation Act Postponed

1. Treas. Reg. A court-appointed §§ 301.6036–1(a)(2) and (3) ciary in aid of

2. Treas. Reg. A court-appointed receiver or fiduciary in a non-bankruptcy receivership, a fidu§§ 301.6036–1(a)(2) and (3) ciary in aid of foreclosure who takes possession of substantially all of the debt or’s assets, or an assignee for benefit of creditors, must give written notice within ten days of his appointment to the IRS as to where the debtor will file his tax return.

3. Secs. 6320(a)(3)(B), 6320(c) and A taxpayer has 30 days after receiving a notice of a lien to request a Collection Treas. Reg. §§ 301.6320–1(b), (c) Due Process (CDP) administrative hearing. After a determination at the CDP hearand (f) ing, the taxpayer may appeal this determination within 30 days to the United States

4. Secs. 6320(a)(3)(B), 6320(c) and A taxpayer has 30 days after receiving a notice of a lien to request a Collection Treas. Reg. §§ 301.6320–1(b), (c) Due Process (CDP) administrative hearing. After a determination at the CDP hearand (f) ing, the taxpayer may appeal this determination within 30 days to the United States

Tax Court or a United States district court. 3. Secs. 6330(a)(3)(B) and (d)(1) and The taxpayer must request a Collections Due Process (CDP) administrative hearTreas. Reg. §§ 301.6330–1(b), (c) ing within 30 days after the IRS sends notice of a proposed levy. After a deterand (f) mination at the CDP hearing, the taxpayer may appeal this determination within

3. Secs. 6330(a)(3)(B) and (d)(1) and The taxpayer must request a Collections Due Process (CDP) administrative hearTreas. Reg. §§ 301.6330–1(b), (c) ing within 30 days after the IRS sends notice of a proposed levy. After a deterand (f) mination at the CDP hearing, the taxpayer may appeal this determination within

30 days to the United States Tax Court or a United States district court. 4. Sec. 6331(k)(1) and Treas. Reg. If a taxpayer submits a good-faith revision of a rejected offer in compromise within § 301.7122–1T(f)(2)(ii) 30 days after the rejection, the Service will not levy to collect the liability before

4. Sec. 6331(k)(1) and Treas. Reg. If a taxpayer submits a good-faith revision of a rejected offer in compromise within § 301.7122–1T(f)(2)(ii) 30 days after the rejection, the Service will not levy to collect the liability before

deciding whether to accept the revised offer. 5. Sec. 7122(d)(2) and Treas. Reg. A taxpayer must request administrative review of a rejected offer in compromise § 301.7122–1T(e)(5)(i) within 30 days after the date on the letter of rejection.

A taxpayer must request administrative review of a rejected offer in compromise within 30 days after the date on the letter of rejection.

.02 Information Returns

1. Sec. 6050I Any person engaged in a trade or business receiving more than $10,000 cash in one transaction (or 2 or more related transactions) must file an information return, Form 8300, Report of Cash Payments over $10,000 Received in a Trade or Business, by the 15 ^th day after the date the cash was received. Additionally, a statement must be provided to the person with respect to whom the information is required to be furnished by Jan. 31 ^st of the year following.

2. Sec. 6050L Returns relating to certain dispositions of donated property, Forms 8282, Donee Information Return, must be filed within 125 days of the disposition.

November 18, 2002 868 2002–46 I.R.B.