ADMINISTRATIVE

REG–103777–02, page 889. Proposed regulations under section 7122 of the Code provide for the imposition of a $150.00 user fee for the processing of offers to compromise. The charging of user fees implements the Independent Offices Appropriations Act, 31 U.S.C. section 9701. The proposed user fee would not apply to offers based on doubt as to liability, offers made by low income taxpayers, offers accepted to promote effective tax administration, and offers accepted based on doubt as to collectibility where there has been a determination that, although an amount greater than the amount offered could be collected, collection of more than the amount offered would create economic hardship within the meaning of regulations section 301.6343–1.

Notice 2002–75, page 884. Annual accounting periods; automatic approval. This notice proposes a revenue procedure that, when finalized, will provide guidance for individuals to obtain automatic approval of the Commissioner to change their annual accounting period to the calendar year. Rev. Proc. 66–50 modified, amplified, and superseded. Rev. Proc. 81–40 modified and superseded.