ADMINISTRATIVE

T.D. 9053, page 914. REG–141659–02, page 927. Temporary and proposed regulations under section 6695 of the Code clarify and amend existing regulations to facilitate electronic filing by return preparers. The regulations eliminate the references to manually signed returns. In addition, they provide that

the Commissioner may prescribe, in forms, instructions, or other appropriate guidance, the manner in which preparers may satisfy their obligations under section 6107 to furnish returns to taxpayers and to retain copies of returns.

T.D. 9054, page 909. Final regulations under section 6103 of the Code relate to disclosure by IRS employees of returns and return information to a designee of the taxpayer. The regulations also provide guidance to taxpayers who wish to designate a person or persons to whom return and return information may be disclosed.

Rev. Proc. 2003–29, page 917. Qualified mortgage bonds; mortgage credit certificates; national median gross income. Guidance is provided concerning the use of the national and area median gross income figures by issuers of qualified mortgage bonds and mortgage credit certificates in determining the housing cost/income ratio described in section 143(f) of the Code. Rev. Proc. 2002–24 obsoleted, except as provided in section 5.02 of this procedure.

May 19, 2003 2003–20 I.R.B.