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Introduction

SECTION 1. PURPOSE

Internal Revenue Bulletin 2003-21 · 2026-10-03 edition · updated 2026-10-04 · United States

This revenue procedure describes documentation and information a taxpayer that uses the fair market value method of apportionment of interest expense may prepare and make available to the Internal Revenue Service (“Service”) upon request in order to establish the fair market value of the taxpayer’s assets to the satisfaction of the Commissioner as required by § 1.861–9T(g)(1)(iii). It also sets forth the procedures to be followed in the case of elections to use the fair market value method.

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▸Contents — Internal Revenue Bulletin 2003-21
Internal Revenue Bulletin 2003-21

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