SECTION 1. PURPOSE AND — Internal Revenue Bulletin 2003-1

NATURE OF CHANGES

.01 The purpose of this revenue procedure is to update Rev. Proc. 2002–3, 2002–1 I.R.B. 117, as amplified and modified by subsequent revenue procedures, by providing a revised list of those areas of the Internal Revenue Code under the jurisdiction of the Associate Chief Counsel (Corporate), the Associate Chief Counsel (Financial Institutions and Products), the Associate Chief Counsel (Income Tax and Accounting), the Associate Chief Counsel (Passthroughs and Special Industries), the Associate Chief Counsel (Procedure and Administration), and the Division Counsel/ Associate Chief Counsel (Tax Exempt and Government Entities) relating to issues on which the Internal Revenue Service will not issue letter rulings or determination letters. For a list of areas under the jurisdiction of the Associate Chief Counsel (International) relating to international issues on which the Service will not issue letter rulings or determination letters, see Rev. Proc. 2003–7, this Bulletin. For a list of areas under the jurisdiction of the Commissioner, Tax Exempt and Government Entities Division relating to issues, plans or plan amendments on which the Service will not issue letter rulings and determination letters, see, respectively, section 8 of Rev. Proc. 2003–4, this Bulletin, and section 3.02 of Rev. Proc. 2003–6, this Bulletin.

.02 Changes.

(1) Section 3.01(6) has been deleted. (2) Section 3.01(21) has been revised to reflect updated procedures.

(3) Section 3.01(33) has been modified to reflect technical corrections.

(4) Section 4 has been revised to reflect that Rev. Proc. 2002–75, 2002–52 I.R.B. 997, deleted old sections 4.01(11) and 4.01(41). (5) Section 4.01(6) has been modified to reflect technical corrections.

(6) Section 4.01(8) has been modified to reflect technical corrections.

(7) New section 4.02(9) has been added, which concerns the issuance of comfort rulings.

(8) Section 5 has been revised to reflect that Rev. Proc. 2002–22, 2002–14

I.R.B. 733, deleted old sections 5.03 and 5.06. (9) Section 6.01 has been revised to reflect updated procedures contained in Rev. Procs. 2002–37, 2002–22 I.R.B. 1030, 2002–38, 2002–22 I.R.B. 1037, and 2002– 39, 2002–22 I.R.B. 1046. (10) Section 6.02 has been revised to reflect updated guidance regarding requests for change in method of accounting.

(11) Section 6.05 has been revised to reflect updated procedures contained in Rev. Proc. 2002–32, 2002–20 I.R.B. 959.