ADMINISTRATIVE

Notice 2004–1, page 268. This notice clarifies that the new application process for an IRS Individual Taxpayer Identification Number (ITIN), which generally requires that the application be accompanied by the applicant’s completed tax return, constitutes compliance with regulations section 301.6109–1(d)(3)(ii). This notice also requests taxpayers to submit comments on the revised ITIN application process.

Rev. Proc. 2004–9, page 275. Insurance companies; loss reserves; discounting unpaid losses. The loss payment patterns and discount factors are set forth for the 2003 accident year. These factors will be used to compute discounted unpaid losses under section 846 of the Code.

Rev. Proc. 2004–10, page 288. Insurance companies; discounting estimated salvage re- coverable. The salvage discount factors are set forth for the 2003 accident year. These factors will be used to compute discounted estimated salvage recoverable under section 832 of the Code.

Announcement 2004–3, page 294. This document details changes made by Chief Counsel which impact distribution codes for Form 1099–R. These changes could impact the filing of 1099–R and Form 5498 for tax year 2003.