Internal Revenue Service United States Department of the Treasury

Internal Revenue Bulletin:  2003-40 

October 6, 2003 

Part III. Administrative, Procedural, and Miscellaneous

Table of Contents

  • Notice 2003-65
    • I. Purpose
    • II. Background
    • III. The 1374 Approach
      • A. Calculation of NUBIG and NUBIL
      • B. Calculation of RBIG and RBIL
    • IV. The 338 Approach
      • A. Calculation of NUBIG and NUBIL
      • B. Calculation of RBIG and RBIL
      • 1. Gain and Loss from Sales or Exchanges of Assets
      • 2. Wasting or Consumption of Built-in Gain Assets
      • 3. Depreciation, Depletion, and Amortization Deductions with Respect to Built-in Loss Assets
      • C. Contingent Liabilities
      • D. Discharge of Indebtedness Income
      • E. Other Items
    • V. Reliance on Notice
    • VI. Effect on Other Documents
    • VII. Request for Comments
    • DRAFTING INFORMATION
  • Notice 2003-67
    • SECTION 1. PURPOSE
    • SECTION 2. BACKGROUND
    • SECTION 3. WAIVER OF PENALTIES UNDER SECTION 6724(a)
    • SECTION 4. INSTRUCTIONS TO FORM 1099-MISC AND REV. PROC. 2003-28
    • SECTION 5. PAYMENTS REPORTED ON FORMS 1099-DIV FOR 2003
    • SECTION 6. AMENDMENT OF REGULATION SECTION 1.6045-2
      • .01 Loanable Shares Defined
      • .02 Allocation and Selection of Transferred Shares
    • SECTION 7. EFFECTIVE DATE
    • SECTION 8. COMMENTS
    • SECTION 9. PAPERWORK REDUCTION ACT
    • SECTION 10. CONTACT INFORMATION
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