INCOME TAX

Rev. Rul. 2002–78, page 915. CPI adjustment for below-market loans for 2003. The amount that section 7872(g) of the Code permits a taxpayer to lend to a qualified continuing care facility without incurring imputed interest is published and adjusted for inflation for years 1987-2003. Rev. Rul. 2001-64 supplemented and superseded.

Rev. Rul. 2002–79, page 908. Section 1274A — inflation-adjusted numbers for 2003. This ruling provides the dollar amounts, increased by the 2003 inflation adjustment, for section 1274A of the Code. Rev. Rul. 2001–65 supplemented and superseded.

T.D. 9020, page 907. REG–141832–02, page 921. Substantiation of incidental expenses. Final, temporary, and proposed regulations under section 274 of the Code authorize the Commissioner to establish a method under which a taxpayer may substantiate the amount of incidental expenses paid or incurred while traveling away from home by means of an allowance in lieu of substantiating the actual cost.

T.D. 9022, page 909. REG–143321–02, page 922. Temporary and proposed regulations under section 6043(c) of the Code require information reporting by a corporation if there is an acquisition of control of the corporation or a substantial change in the corporation’s capital structure. The regulations require the corporation to file a form reporting the event and to file Forms 1099 with respect to amounts distributed to shareholders. These regulations also require brokers who receive a Form 1099 as the record holder of stock, pursuant to section 6043(c) regulations, to file a Form 1099 with respect to the actual owner of the stock. A public hearing on the proposed regulations is scheduled for March 5, 2003.

Finding Lists begin on page ii. Index for July through November begins on page vi.