ADMINISTRATIVE

Rev. Proc. 2004–19, page 563. This procedure provides an elective safe harbor that the owner of an oil and gas property may use in determining the property’s recoverable reserves for purposes of computing cost depletion under section 611 of the Code.

Announcement 2004–11, page 581. This announcement provides information regarding changes to the reporting for certain 2002 forms by certain fiscal year pass-through entities affected by pending technical corrections to the qualified dividend rules. Partnerships, S corporations, and estates (including revocable trusts treated as part of an estate) with a fiscal year beginning in 2002 that received qualified dividends in 2003 must reflect the changes required by this announcement in their reporting for the tax year. Announcement 2003–56 modified.

Announcement 2004–14, page 582. This document announces the cancellation of a public hearing on proposed regulations (REG–110896–98, 2003–51 I.R.B. 1226) under section 664(b) of the Code concerning the characterization of distributions from charitable remainder trusts.

March 8, 2004 2004-10 I.R.B.