HIGHLIGHTS OF THIS ISSUE

These synopses are intended only as aids to the reader in identifying the subject matter covered. They may not be relied upon as authoritative interpretations.

INCOME TAX

Rev. Proc. 2003–53, page 230. Sample inter vivos charitable remainder annuity trust (CRAT) for one measuring life. This procedure contains a sample declaration of trust that meets the requirements under section 664 of the Code and 1.664–2 of the regulations for an inter vivos charitable remainder annuity trust for one measuring life. This procedure also contains annotations to the sample trust and alternate provisions that may be integrated into the sample trust. Rev. Proc. 89–21 superseded.

Rev. Proc. 2003–54, page 236. Sample inter vivos charitable remainder annuity trust (CRAT) for a term of years. This procedure contains a sample declaration of trust that meets the requirements under section 664 of the Code and 1.664–2 of the regulations for an inter vivos charitable remainder annuity trust with a term of years annuity period. This procedure also contains annotations to the sample trust and alternate provisions that may be intergrated into the sample trust.

Rev. Proc. 2003–55, page 242. Sample inter vivos charitable remainder annuity trust (CRAT) with consecutive interests for two measuring lives. This procedure contains a sample declaration of trust that meets the requirements under section 664 of the Code and 1.664–2 of the regulations for an inter vivos charitable remainder annuity trust with consecutive interests for two measuring lives. This procedure also contains annotations to the sample trust and alternate provisions that may be integrated into the sample trust. Section 4 of Rev. Proc. 90–32 superseded.

Announcements of Disbarments and Suspensions begin on page 281. Finding Lists begin on page ii. Index for July begins on page iv.