Internal Revenue Bulletin: 2003-51
December 22, 2003
This document removes final regulations sections 1.6152-1 and 301.6152-1 pertaining to section 6152 of the Code.
This document contains corrections to proposed regulations (REG-128203-02, 2003-41 I.R.B. 828) under section 460 of the Code that provide guidance regarding the income tax consequences of certain partnership transactions involving contracts accounted for under a long term contract method of accounting.
This document contains corrections to temporary regulations (T.D. 9090, 2003-43 I.R.B. 891) under section 448(d)(5) of the Code that provide guidance regarding the use of a nonaccrual-experience method by taxpayers using an accrual method of accounting and performing services.
This document contains corrections to proposed regulations (REG-106486-98, 2003-42 I.R.B. 853) under section 1275 of the Code that provide for the treatment of contingent payment debt instruments for which one or more payments are denominated in, or determined by reference to, a currency other than the taxpayer's functional currency.
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