Internal Revenue Bulletin: 2004-17

April 26, 2004


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.

SPECIAL ANNOUNCEMENT

Announcement 2004-35 Announcement 2004-35

In Announcement 2003-68, 2003-45 I.R.B. 1050, the Office of Professional Responsibility delayed the implementation of the renewal of enrollment schedule for enrolled agents having social security numbers that end with a 0, 1, 2, or 3 (affected enrolled agents). This announcement provides that June 1, 2004, through July 31, 2004, will be the period for the affected enrolled agents to renew their enrollment.

INCOME TAX

Rev. Rul. 2004-42 Rev. Rul. 2004-42

LIFO; price indexes; department stores. The February 2004 Bureau of Labor Statistics price indexes are accepted for use by department stores employing the retail inventory and last-in, first-out inventory methods for valuing inventories for tax years ended on, or with reference to, February 29, 2004.

T.D. 9119 T.D. 9119

Final regulations eliminate the references to manually signed returns in the current regulations under section 6695 of the Code. In addition, the regulations provide that the Commissioner may prescribe, in forms, instructions, or other appropriate guidance, the manner in which preparers may satisfy their obligations under section 6107 to furnish returns to taxpayers and to retain copies of returns.

Notice 2004-29 Notice 2004-29

Electricity produced from certain renewable resources; calendar year 2004 inflation adjustment factor and reference prices. This notice announces the calendar year 2004 inflation adjustment factor and reference prices for the renewable electricity production credit under section 45 of the Code.

Notice 2004-30 Notice 2004-30

S corporation tax shelter. This notice advises taxpayers and their representatives about a tax shelter in which a shareholder of an S corporation donates nonvoting stock of the S corporation to an organization described in section 1361(c)(6) of the Code that is not subject to tax on unrelated business income under section 511 or that has UBIT carry-over losses. The transaction is made in order to defer taxation on S corporation income. The notice notifies taxpayers and their representatives that the claimed tax benefits purportedly generated by these transactions are not allowable for federal income tax purposes. The notice also states that this transaction is a listed transaction and warns of the potential penalties that may be imposed if taxpayers participate in such a transaction.

Notice 2004-31 Notice 2004-31

This notice identifies as a listed transaction under section 6111 of the Code certain equity financing structures using partnerships, special allocations of partnership items, and guaranteed payments that are entered into to avoid the limitations of section 163(j).

EXEMPT ORGANIZATIONS

Announcement 2004-30 Announcement 2004-30

A list is provided of organizations now classified as private foundations.

Announcement 2004-37 Announcement 2004-37

American Legacy Foundation of Taylorsville, UT, no longer qualifies as an organization to which contributions are deductible under section 170 of the Code.

ADMINISTRATIVE

T.D. 9119 T.D. 9119

Final regulations eliminate the references to manually signed returns in the current regulations under section 6695 of the Code. In addition, the regulations provide that the Commissioner may prescribe, in forms, instructions, or other appropriate guidance, the manner in which preparers may satisfy their obligations under section 6107 to furnish returns to taxpayers and to retain copies of returns.

Notice 2004-30 Notice 2004-30

S corporation tax shelter. This notice advises taxpayers and their representatives about a tax shelter in which a shareholder of an S corporation donates nonvoting stock of the S corporation to an organization described in section 1361(c)(6) of the Code that is not subject to tax on unrelated business income under section 511 or that has UBIT carry-over losses. The transaction is made in order to defer taxation on S corporation income. The notice notifies taxpayers and their representatives that the claimed tax benefits purportedly generated by these transactions are not allowable for federal income tax purposes. The notice also states that this transaction is a listed transaction and warns of the potential penalties that may be imposed if taxpayers participate in such a transaction.

Notice 2004-31 Notice 2004-31

This notice identifies as a listed transaction under section 6111 of the Code certain equity financing structures using partnerships, special allocations of partnership items, and guaranteed payments that are entered into to avoid the limitations of section 163(j).

Rev. Proc. 2004-27 Rev. Proc. 2004-27

This procedure permits certain owners of royalty interests (RI) to claim the credit for producing fuel from a nonconventional source in the taxable year (including a 2003 taxable year) in which they receive the income from the sale of qualified fuel, rather than in a prior taxable year in which the owner of the operating interest (OI) sold the qualified fuel.

Announcement 2004-39 Announcement 2004-39

The document contains corrections to final regulations (T.D. 9088, 2003-42 I.R.B. 841) under section 482 of the Code that clarify that stock-based compensation is taken into account in determining the intangible development costs of a controlled participant in a qualified cost sharing arrangement.

Announcement 2004-40 Announcement 2004-40

This document contains corrections to proposed regulations (REG-166012-02, 2004-13 I.R.B. 655) under section 446 of the Code that relate to the inclusion into income or deduction of a contingent nonperiodic payment made pursuant to a notional principal contract.

Announcement 2004-42 Announcement 2004-42

This announcement explains that Rev. Proc. 2004-27, as published in this Bulletin, differs from the version that was advance released on April 5, 2004, in that all references to the cash method of accounting have been removed.

Preface

The IRS Mission

Provide America's taxpayers top quality service by helping them understand and meet their tax responsibilities and by applying the tax law with integrity and fairness to all.

Introduction

The Internal Revenue Bulletin is the authoritative instrument of the Commissioner of Internal Revenue for announcing official rulings and procedures of the Internal Revenue Service and for publishing Treasury Decisions, Executive Orders, Tax Conventions, legislation, court decisions, and other items of general interest. It is published weekly and may be obtained from the Superintendent of Documents on a subscription basis. Bulletin contents are compiled semiannually into Cumulative Bulletins, which are sold on a single-copy basis.

It is the policy of the Service to publish in the Bulletin all substantive rulings necessary to promote a uniform application of the tax laws, including all rulings that supersede, revoke, modify, or amend any of those previously published in the Bulletin. All published rulings apply retroactively unless otherwise indicated. Procedures relating solely to matters of internal management are not published; however, statements of internal practices and procedures that affect the rights and duties of taxpayers are published.

Revenue rulings represent the conclusions of the Service on the application of the law to the pivotal facts stated in the revenue ruling. In those based on positions taken in rulings to taxpayers or technical advice to Service field offices, identifying details and information of a confidential nature are deleted to prevent unwarranted invasions of privacy and to comply with statutory requirements.

Rulings and procedures reported in the Bulletin do not have the force and effect of Treasury Department Regulations, but they may be used as precedents. Unpublished rulings will not be relied on, used, or cited as precedents by Service personnel in the disposition of other cases. In applying published rulings and procedures, the effect of subsequent legislation, regulations, court decisions, rulings, and procedures must be considered, and Service personnel and others concerned are cautioned against reaching the same conclusions in other cases unless the facts and circumstances are substantially the same.

The Bulletin is divided into four parts as follows:

Part I.—1986 Code. This part includes rulings and decisions based on provisions of the Internal Revenue Code of 1986.

Part II.—Treaties and Tax Legislation. This part is divided into two subparts as follows: Subpart A, Tax Conventions and Other Related Items, and Subpart B, Legislation and Related Committee Reports.

Part III.—Administrative, Procedural, and Miscellaneous. To the extent practicable, pertinent cross references to these subjects are contained in the other Parts and Subparts. Also included in this part are Bank Secrecy Act Administrative Rulings. Bank Secrecy Act Administrative Rulings are issued by the Department of the Treasury's Office of the Assistant Secretary (Enforcement).

Part IV.—Items of General Interest. This part includes notices of proposed rulemakings, disbarment and suspension lists, and announcements.

The last Bulletin for each month includes a cumulative index for the matters published during the preceding months. These monthly indexes are cumulated on a semiannual basis, and are published in the last Bulletin of each semiannual period.

Part I. Rulings and Decisions Under the Internal Revenue Code of 1986

Rev. Rul. 2004-42

LIFO; price indexes; department stores. The February 2004 Bureau of Labor Statistics price indexes are accepted for use by department stores employing the retail inventory and last-in, first-out inventory methods for valuing inventories for tax years ended on, or with reference to, February 29, 2004.

The following Department Store Inventory Price Indexes for February 2004 were issued by the Bureau of Labor Statistics. The indexes are accepted by the Internal Revenue Service, under § 1.472-1(k) of the Income Tax Regulations and Rev. Proc. 86-46, 1986-2 C.B. 739, for appropriate application to inventories of department stores employing the retail inventory and last-in, first-out inventory methods for tax years ended on, or with reference to, February 29, 2004.

The Department Store Inventory Price Indexes are prepared on a national basis and include (a) 23 major groups of departments, (b) three special combinations of the major groups — soft goods, durable goods, and miscellaneous goods, and (c) a store total, which covers all departments, including some not listed separately, except for the following: candy, food, liquor, tobacco, and contract departments.

BUREAU OF LABOR STATISTICS, DEPARTMENT STORE INVENTORY PRICE INDEXES BY DEPARTMENT GROUPS (January 1941 = 100, unless otherwise noted)
Groups Feb. 2003 Feb. 2004 Percent Change from Feb. 2003 to Feb. 20041
1. Piece Goods 461.9 469.3 1.6
2. Domestics and Draperies 562.9 536.5 -4.7
3. Women’s and Children’s Shoes 647.0 609.9 -5.7
4. Men’s Shoes 861.9 850.4 -1.3
5. Infants’ Wear 596.6 583.8 -2.1
6. Women’s Underwear 525.6 506.7 -3.6
7. Women’s Hosiery 340.6 354.3 4.0
8. Women’s and Girls’ Accessories 551.3 556.6 1.0
9. Women’s Outerwear and Girls’ Wear 358.2 341.9 -4.6
10. Men’s Clothing 550.5 534.0 -3.0
11. Men’s Furnishings 569.2 572.3 0.5
12. Boys’ Clothing and Furnishings 454.8 436.6 -4.0
13. Jewelry 870.4 895.7 2.9
14. Notions 784.1 793.9 1.2
15. Toilet Articles and Drugs 969.5 984.6 1.6
16. Furniture and Bedding 626.9 624.2 -0.4
17. Floor Coverings 592.4 592.6 0.0
18. Housewares 736.7 715.2 -2.9
19. Major Appliances 219.7 206.8 -5.9
20. Radio and Television 46.9 43.3 -7.7
21. Recreation and Education2 84.0 81.6 -2.9
22. Home Improvements2 125.6 128.9 2.6
23. Automotive Accessories2 112.3 112.1 -0.2
         
Groups 1-15: Soft Goods 559.3 549.5 -1.8
Groups 16-20: Durable Goods 402.9 388.6 -3.5
Groups 21-23: Misc. Goods2 95.2 93.9 -1.4
       
  Store Total3 502.3 491.9 -2.1
         
1Absence of a minus sign before the percentage change in this column signifies a price increase.
2Indexes on a January 1986 = 100 base.
3The store total index covers all departments, including some not listed separately, except for the following: candy, food, liquor, tobacco and contract departments.
         

DRAFTING INFORMATION

The principal author of this revenue ruling is Michael Burkom of the Office of Associate Chief Counsel (Income Tax and Accounting). For further information regarding this revenue ruling, contact Mr. Burkom at (202) 622-7924 (not a toll-free call).

T.D. 9119

Tax Return Preparers — Electronic Filing

DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1

AGENCY:

Internal Revenue Service (IRS), Treasury.

ACTION:

Final and temporary regulations.

SUMMARY:

This document provides final regulations to facilitate electronic filing of returns prepared by tax return preparers. They provide that preparers may avoid paper copies by retaining and furnishing to taxpayers copies of returns in an electronic or digital format prescribed by the Commissioner.

DATES:

Effective Date: These regulations are effective March 25, 2004.

Applicability Dates: For dates of applicability, see §1.6107-2(b) and §1.6695-1(b)(5).

FOR FURTHER INFORMATION CONTACT:

Richard Charles Grosenick, (202) 622-7950 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

This document amends the Income Tax Regulations (26 CFR part 1) under sections 6107 and 6695 of the Internal Revenue Code to facilitate electronic filing and recordkeeping by tax return preparers. Section 6695 of the Code imposes various penalties on tax return preparers, including a penalty for failure to sign the returns they prepare. Originally, the regulations under section 6695 contemplated only manually signed (paper) returns. Although the regulations under section 6695 were amended in 1996 to permit tax return preparers to sign and file returns electronically in the manner prescribed by the Secretary (see T.D. 8689, 1997-1 C.B. 214 [61 FR 65319], Dec. 12, 1996), §1.6695-1(b) of the regulations continue to refer to manually signed returns and copies. Those references resulted in uncertainty over whether preparers must produce manually signed, paper copies of returns to satisfy their obligations under section 6107 to provide copies of returns to taxpayers and keep copies of returns in their records.

On April 24, 2003, temporary regulations (T.D. 9053, 2003-1 C.B. 914 [68 FR 20069]) relating to the signing of returns and retention of copies by tax return preparers were published in the Federal Register. A notice of proposed rulemaking (REG-141659-02, 2003-1 C.B. 927 [68 FR 20089]) cross-referencing the temporary regulations was published in the Federal Register for the same day.

The temporary regulations eliminated the references to manually signed returns in §1.6695-1(b). In addition, they provided that the Commissioner may prescribe, in forms, instructions, or other appropriate guidance, the manner in which preparers may satisfy their obligations under section 6107 to furnish returns to taxpayers and to retain copies of returns. These changes and the applicable forms, instructions, and guidance clarified that preparers may maintain electronic (paperless) filing systems. These final regulations adopt the temporary regulations without change.

Summary of Comments

The IRS and the Department of the Treasury received four comments pertaining to the regulations. One commentator had concerns about identity theft. The commentator requested a change to the regulation that would allow taxpayers to decide whether the paid return preparer should keep a copy of the tax return.

One commentator requested that the copy the preparer is required to retain be in a specific electronic format. Another commentator requested that the preparer be permitted to use any electronic format, so long as the preparer’s computer can print a copy of the return.

One commentator endorsed upgrading current recordkeeping requirements under section 6107(b) to allow electronic storage. The commentator requested that published guidance clarify whether certain forms must continue to be maintained on paper due to signature requirements. With the exception of these forms, the commentator requested that preparers be allowed to choose to maintain taxpayer data on electronic media, with the ability to recreate the tax return.

After consideration of the comments, the temporary regulations under sections 6107 and 6695 are adopted without change by this Treasury decision, and the corresponding temporary regulations are removed. The final regulations give the IRS the authority to prescribe in forms, instructions, or other appropriate guidance acceptable methods of signing. Issues raised in the comments are more appropriately addressed in those other forms of guidance.

Special Analyses

It has been determined that this regulation is not a significant regulatory action as defined in Executive Order 12866. Therefore, a regulatory assessment is not required. It has also been determined that section 553(b) of the Administrative Procedure Act (5 U.S.C. chapter 5) does not apply to this regulation and, because the regulation does not impose a collection of information on small entities, that the Regulatory Flexibility Act (5 U.S.C. chapter 6) does not apply. Pursuant to section 7805(f) of the Code, this regulation will be submitted to the Chief Counsel for Advocacy of the Small Business Administration for comment on its impact on small business.

Adoption of Amendment to the Regulations

Accordingly, 26 CFR part 1 is amended as follows:

PART 1—INCOME TAXES

Paragraph 1. The authority citation for part 1 is amended by removing the entry for “Section 1.6695-1T” and continues to read, in part, as follows:

Authority: 26 U.S.C. 7805 * * *

Section 1.6695-1 also issued under 26 U.S.C. 6060(b) and 6695(b) * * *

Par. 2. Section 1.6107-2 is added to read as follows:

§1.6107-2 Form and manner of furnishing copy of return and retaining copy or record.

(a) In general. The Commissioner may prescribe the form and manner of satisfying the requirements imposed by section 6107(a) and (b) and §1.6107-1(a) and (b) in forms, instructions, or other appropriate guidance (see §601.601(d)(2) of this chapter).

(b) Effective date. To the extent this section relates to section 6107(a) and §1.6107-1(a), it applies to income tax returns and claims for refund presented to a taxpayer for signature after December 31, 2002. To the extent this section relates to section 6107(b) and §1.6107-1(b), it applies after December 31, 2002, to returns and claims for refund for which the 3-year period described in section 6107(b) expires after December 31, 2002.

§1.6107-2T [Removed].

Par. 3. Section 1.6107-2T is removed.

Par. 4. Section 1.6695-1 is amended by revising paragraph (b) to read as follows:

§1.6695-1 Other assessable penalties with respect to the preparation of income tax returns for other persons.

* * * * *

(b) Failure to sign return. (1) An individual who is an income tax return preparer with respect to a return of tax under subtitle A of the Internal Revenue Code or claim for refund of tax under subtitle A of the Internal Revenue Code shall sign the return or claim for refund after it is completed and before it is presented to the taxpayer (or nontaxable entity) for signature. If the preparer is unavailable for signature, another preparer shall review the entire preparation of the return or claim for refund, and then shall sign the return or claim for refund. The preparer shall sign the return in the manner prescribed by the Commissioner in forms, instructions, or other appropriate guidance.

(2) If more than one income tax return preparer is involved in the preparation of the return or claim for refund, the individual preparer who has the primary responsibility as between or among the preparers for the overall substantive accuracy of the preparation of such return or claim for refund shall be considered to be the income tax return preparer for purposes of this paragraph (b).

(3) The application of this paragraph (b) is illustrated by the following examples:

Example 1. X law firm employs Y, a lawyer, to prepare for compensation returns and claims for refund of taxes. X is employed by T, a taxpayer, to prepare his Federal tax return. X assigns Y to prepare T’s return. Y obtains the information necessary for completing the return from T and makes determinations with respect to the proper application of the tax laws to such information in order to determine T’s tax liability. Y then forwards such information to C, a computer tax service which performs the mathematical computations and prints the return by means of computers. C then sends the completed return to Y who reviews the accuracy of the return. Y is the individual preparer who is primarily responsible for the overall accuracy of T’s return. Y must sign the return as preparer.

Example 2. X partnership is a national accounting firm which prepares for compensation returns and claims for refund of taxes. A and B, employees of X, are involved in preparing the tax return of T Corporation. After they complete the return, including the gathering of the necessary information, the proper application of the tax laws to such information, and the performance of the necessary mathematical computations, C, a supervisory employee of X, reviews the return. As part of this review, C reviews the information provided and the application of the tax laws to this information. The mathematical computations and carried-forward amounts are proved by D, an employee of X’s comparing and proving department. The policies and practices of X require that P, a partner, finally review the return. The scope of P’s review includes reviewing the information provided by applying to this information his knowledge of T’s affairs, observing that X’s policies and practices have been followed, and making the final determination with respect to the proper application of the tax laws to determine T’s tax liability. P may or may not exercise these responsibilities, or may exercise them to a greater or lesser extent, depending on the degree of complexity of the return, his confidence in C (or A and B), and other factors. P is the individual preparer who is primarily responsible for the overall accuracy of T’s return. P must sign the return as preparer.

Example 3. C corporation maintains an office in Seattle, Washington, for the purpose of preparing for compensation returns and claims for refund of taxes. C makes compensatory arrangements with individuals (but provides no working facilities) in several States to collect information from taxpayers and to make determinations with respect to the proper application of the tax laws to the information in order to determine the tax liabilities of such taxpayers. E, an individual, who has such an arrangement in Los Angeles with C, collects information from T, a taxpayer, and completes a worksheet kit supplied by C which is stamped with E’s name and an identification number assigned to E by C. In this process, E classifies this information in appropriate income and deduction categories for the tax determination. The completed worksheet kit signed by E is then mailed to C. D, an employee in C’s office, reviews the worksheet kit to make sure it was properly completed. D does not review the information obtained from T for its validity or accuracy. D may, but did not, make the final determination with respect to the proper application of tax laws to the information. The data from the worksheet is entered into a computer and the return form is completed. The return is prepared for submission to T with filing instructions. E is the individual preparer primarily responsible for the overall accuracy of T’s return. E must sign the return as preparer.

Example 4. X employs A, B, and C to prepare income tax returns for taxpayers. After A and B have collected the information from the taxpayer and applied the tax laws to the information, the return form is completed by computer service. On the day the returns prepared by A and B are ready for their signatures, A is away from the city for 1 week on another assignment and B is on detail to another office for the day. C may sign the returns prepared by A, provided that C reviews the information obtained by A relative to the taxpayer, and C reviews the preparation of each return prepared by A. C may not sign the returns prepared by B because B is available.

(4) An individual required by this paragraph (b) to sign a return or claim for refund shall be subject to a penalty of $50 for each failure to sign, with a maximum of $25,000 per person imposed with respect to each calendar year, unless it is shown that the failure is due to reasonable cause and not due to willful neglect. If the preparer asserts reasonable cause for failure to sign, the Internal Revenue Service will require a written statement in substantiation of the preparer’s claim of reasonable cause. For purposes of this paragraph (b), reasonable cause is a cause which arises despite ordinary care and prudence exercised by the individual preparer. Thus, no penalty may be imposed under section 6695(b) and this paragraph (b) upon a person who is an income tax return preparer solely by reason of—

(i) Section 301.7701-15(a)(2) and (b) of this chapter on account of having given advice on specific issues of law; or

(ii) Section 301.7701-15(b)(3) of this chapter on account of having prepared the return solely because of having prepared another return which affects amounts reported on the return.

(5) Effective date. This paragraph (b) applies to income tax returns and claims for refund presented to a taxpayer for signature after December 31, 2002.

* * * * *

§1.6695-1T [Removed].

Par. 5. Section 1.6695-1T is removed.

Mark E. Matthews,
Deputy Commissioner for
Services and Enforcement
.

Approved March 15, 2004.

Gregory Jenner,
Acting Assistant Secretary of the Treasury.

Note

(Filed by the Office of the Federal Register on March 24, 2004, 8:45 a.m., and published in the issue of the Federal Register for March 25, 2004, 69 F.R. 15248)

Drafting Information

The principal author of this regulation is Richard Charles Grosenick, Office of Assistant Chief Counsel (Administrative Provisions & Judicial Practice). However, other personnel from the IRS and the Treasury Department participated in its development.

* * * * *

Part III. Administrative, Procedural, and Miscellaneous

Notice 2004-29

Renewable Electricity Production Credit, Publication of Inflation Adjustment Factor and Reference Prices for Calendar Year 2004

This notice publishes the inflation adjustment factor and reference prices for calendar year 2004 for the renewable electricity production credit under § 45(a) of the Internal Revenue Code. The 2004 inflation adjustment factor and reference prices are used in determining the availability of the credit. The 2004 inflation adjustment factor and reference prices apply to calendar year 2004 sales of kilowatt-hours of electricity produced in the United States or a possession thereof from qualified energy resources.

BACKGROUND

Section 45(a) provides that the renewable electricity production credit for any tax year is an amount equal to the product of 1.5 cents multiplied by the kilowatt-hours of specified electricity produced by the taxpayer and sold to an unrelated person during the tax year. This electricity must be produced from qualified energy resources and at a qualified facility during the 10-year period beginning on the date the facility was originally placed in service.

Section 45(b)(1) provides that the amount of the credit determined under § 45(a) is reduced by an amount that bears the same ratio to the amount of the credit — as (A) the amount by which the reference price for the calendar year in which the sale occurs exceeds 8 cents, bears to (B) 3 cents. Under § 45(b)(2), the 1.5 cents in § 45(a) and the 8 cents in § 45(b)(1) are each adjusted by multiplying the amount by the inflation adjustment factor for the calendar year in which the sale occurs.

Section 45(c)(1) defines qualified energy resources as wind, closed-loop biomass, and poultry waste. Section 45(c)(3) defines a qualified facility as any facility owned by the taxpayer that originally is placed in service after December 31, 1993 (in the case of a facility using wind to produce electricity), December 31, 1992 (in the case of a facility using closed-loop biomass to produce electricity), or December 31, 1999 (in the case of a facility using poultry waste to produce electricity), and before January 1, 2004. See § 45(d)(7) for rules relating to the inapplicability of the credit to electricity sold to utilities under certain contracts.

Section 45(d)(2)(A) requires the Secretary to determine and publish in the Federal Register each calendar year the inflation adjustment factor and the reference prices for the calendar year. The inflation adjustment factor and the reference prices for the 2004 calendar year were published in the Federal Register on March 25, 2004, (69 Fed. Reg. 15436).

Section 45(d)(2)(B) defines the inflation adjustment factor for a calendar year as the fraction the numerator of which is the GDP implicit price deflator for the preceding calendar year and the denominator of which is the GDP implicit price deflator for the calendar year 1992. The term “GDP implicit price deflator” means the most recent revision of the implicit price deflator for the gross domestic product as computed and published by the Department of Commerce before March 15 of the calendar year.

Section 45(d)(2)(C) provides that the reference price is the Secretary’s determination of the annual average contract price per kilowatt hour of electricity generated from the same qualified energy resource and sold in the previous year in the United States. Only contracts entered into after December 31, 1989, are taken into account.

INFLATION ADJUSTMENT FACTOR AND REFERENCE PRICES

The inflation adjustment factor for calendar year 2004 is 1.2230. The reference prices for calendar year 2004 are 3.24 cents per kilowatt-hour for facilities producing electricity from wind energy resources and 0 cents per kilowatt-hour for facilities producing electricity from closed-loop biomass and poultry waste energy resources.

PHASE-OUT CALCULATION

Because the 2004 reference prices for electricity produced from wind, closed-loop biomass, and poultry waste energy resources do not exceed 8 cents per kilowatt hour multiplied by the inflation adjustment factor, the phaseout of the credit provided in § 45(b)(1) does not apply to electricity produced from wind, closed-loop biomass, or poultry waste energy resources sold during calendar year 2004.

CREDIT AMOUNT

As required by § 45(b)(2), the 1.5¢ amount in § 45(a)(1) is adjusted by multiplying such amount by the inflation adjustment factor for the calendar year in which the sale occurs. If any amount as increased under the preceding sentence is not a multiple of 0.1¢, such amount is rounded to the nearest multiple of 0.1¢. Under the calculation required by § 45(b)(2), the renewable electricity production credit for calendar year 2004 is 1.8¢ per kilowatt hour on the sale of electricity produced from wind energy, closed-loop biomass, and poultry waste resources.

DRAFTING INFORMATION CONTACT

The principal author of this notice is David A. Selig of the Office of Associate Chief Counsel (Passthroughs and Special Industries). For further information regarding this notice, contact Mr. Selig at (202) 622-3040 (not a toll-free call).

Notice 2004-30

S Corporation Tax Shelter

The Internal Revenue Service and the Treasury Department are aware of a type of transaction, described below, in which S corporation shareholders attempt to transfer the incidence of taxation on S corporation income by purportedly donating S corporation nonvoting stock to an exempt organization, while retaining the economic benefits associated with that stock. This notice alerts taxpayers and their representatives that these transactions are tax avoidance transactions and identifies these transactions, and substantially similar transactions, as listed transactions for purposes of § 1.6011-4(b)(2) of the Income Tax Regulations and §§ 301.6111-2(b)(2) and 301.6112-1(b)(2) of the Procedure and Administration Regulations. This notice also alerts parties involved with these transactions to certain responsibilities that may arise from their involvement with these transactions.

FACTS

In a typical transaction, an S corporation, its shareholders, and an organization exempt from tax under § 501(a) and described in either § 501(c)(3) or § 401(a) of the Internal Revenue Code (such as a tax-qualified retirement plan maintained by a state or local government) (the exempt party) undertake the following steps. An S corporation issues, pro rata to each of its shareholders (the original shareholders), nonvoting stock and warrants that are exercisable into nonvoting stock. For example, the S corporation issues nonvoting stock in a ratio of 9 shares for every share of voting stock and warrants in a ratio of 10 warrants for every share of nonvoting stock. Thus, if the S corporation has 1,000 shares of voting stock outstanding, the S corporation would issue 9,000 shares of nonvoting stock and warrants exercisable into 90,000 shares of nonvoting stock to the original shareholders. The warrants may be exercised at any time over a period of years. The strike price on the warrants is set at a price that is at least equal to 90 percent of the purported fair market value of the newly issued nonvoting stock on the date the warrants are granted. For this purpose, the fair market value of the nonvoting stock is claimed to be substantially reduced because of the existence of the warrants.

Shortly after the issuance of the nonvoting stock and the warrants, the original shareholders donate the nonvoting stock to the exempt party. The parties to the transaction claim that, after the donation of the nonvoting stock, the exempt party owns 90 percent of the stock of the S corporation. The parties further claim that any taxable income allocated on the nonvoting stock to the exempt party is not subject to tax on unrelated business income (UBIT) under §§ 511 through 514 (or the exempt party has offsetting UBIT net operating losses). The original shareholders might also claim a charitable contribution deduction under § 170 for the donation of the nonvoting stock to the exempt party. In some variations of this transaction, the S corporation may issue nonvoting stock directly to the exempt party.

Pursuant to one or more agreements (typically redemption agreements, rights of first refusal, put agreements, or pledge agreements) entered into as part of the transaction, the exempt party can require the S corporation or the original shareholders to purchase the exempt party’s nonvoting stock for an amount equal to the fair market value of the stock as of the date the shares are presented for repurchase. In some cases, the S corporation or the original shareholders guarantee that the exempt party will receive the fair market value of the nonvoting stock as of the date the stock was given to the exempt party if that amount is greater than the fair market value on the repurchase date.

Because they own 100 percent of the voting stock of the S corporation, the original shareholders have the power to determine the amount and timing of any distributions made with respect to the voting and nonvoting stock. The original shareholders exercise that power to cause the S corporation to limit or suspend distributions to its shareholders while the exempt party purportedly owns the nonvoting stock. For tax purposes, however, during that period, 90 percent of the S corporation’s income is allocated to the exempt party and 10 percent of the S corporation’s income is allocated to the original shareholders. The transaction is structured for the original shareholders to exercise the warrants and dilute the shares of nonvoting stock held by the exempt party, or for the S corporation or the original shareholders to purchase the nonvoting stock from the exempt party at a value that is substantially reduced by reason of the existence of the warrants. In either event, the exempt party will receive a share of the total economic benefit of stock ownership that is substantially lower than the share of the S corporation income allocated to the exempt party.

DISCUSSION

The transaction described in this notice is designed to artificially shift the incidence of taxation on S corporation income away from taxable shareholders to the exempt party. In this manner, the original shareholders attempt to avoid paying income tax on most of the S corporation’s income over a period of time.

The Service intends to challenge the purported tax benefits from this transaction based on the application of various theories, including judicial doctrines such as substance over form. Under appropriate facts and circumstances, the Service also may argue that the existence of the warrants results in a violation of the single class of stock requirement of § 1361(b)(1)(D), thus terminating the corporation’s status as an S corporation. See, e.g., §§ 1.1361-1(l)(4)(ii) and (iii).

Transactions that are the same as, or substantially similar to, the transaction described in this notice are identified as “listed transactions” for purposes of §§ 1.6011-4(b)(2), 301.6111-2(b)(2), and 301.6112-1(b)(2) effective April 1, 2004, the date this notice was released to the public. Independent of their classification as listed transactions, transactions that are the same as, or substantially similar to, the transaction described in this notice may already be subject to the disclosure requirements of § 6011 (§ 1.6011-4), the tax shelter registration requirements of § 6111 (§ 301.6111-1T and § 301.6111-2), or the list maintenance requirements of § 6112 (§ 301.6112-1). Under the authority of §1.6011-4(c)(3)(i)(A), the exempt party in the listed transaction described in this notice will also be treated as a participant in the transaction (whether or not otherwise a participant). The exempt party will be treated as participating in the transaction for the taxable year of the purported donation, the taxable year of the reacquisition, and all intervening taxable years. Pending further review and possible additional guidance, this notice does not apply to any investment in employer securities, as defined in § 409(l), by an employee stock ownership plan subject to the requirements of § 409(p).

Persons who are required to register these tax shelters under § 6111 but have failed to do so may be subject to the penalty under § 6707(a). Persons who are required to maintain lists of investors under § 6112 but have failed to do so (or who fail to provide those lists when requested by the Service) may be subject to the penalty under § 6708(a). In addition, the Service may impose penalties on parties involved in these transactions or substantially similar transactions, including the accuracy-related penalty under § 6662.

The Service and the Treasury Department recognize that some taxpayers may have filed tax returns taking the position that they were entitled to the purported tax benefits of the type of transaction described in this notice. These taxpayers should take appropriate corrective action and ensure that their transactions are disclosed properly.

The principal author of this notice is Tara P. Volungis of the Office of Associate Chief Counsel (Passthroughs & Special Industries). For further information regarding this notice, contact Ms. Volungis at (202) 622-3070 (not a toll-free call).

Notice 2004-31

Intercompany Financing Using Guaranteed Payments

The Internal Revenue Service and Treasury Department are aware of a type of transaction, described below, in which a corporation claims inappropriate deductions for payments made through a partnership. This notice alerts taxpayers and their representatives that these transactions are tax avoidance transactions and identifies these transactions, and substantially similar transactions, as listed transactions for purposes of § 1.6011-4(b)(2) of the Income Tax Regulations and §§ 301.6111-2(b)(2) and 301.6112-1(b)(2) of the Procedure and Administration Regulations. This notice also alerts parties involved with these transactions of certain responsibilities that may arise from their involvement with these transactions.

FACTS

The transactions described in this notice use a partnership in an attempt to convert interest payments that would not be currently deductible under § 163(j) into deductible payments. One such transaction involves the formation of a partnership (PRS) by a domestic corporation (DC2) and a foreign person (FP). FP is the common foreign parent, or an affiliate of the common foreign parent, of the affiliated group (within the meaning of § 1504(a), but without regard to § 1504(b)(3)) to which DC2 and a second domestic corporation (DC1) belong. In the transaction, FP and DC2 contribute property to PRS. PRS contributes a substantial portion of the contributed assets to DC1 in exchange for preferred stock. Under the partnership agreement, FP is entitled to (1) a substantial guaranteed payment for the use of capital, and (2) a disproportionately small share (relative to FP’s capital contribution) of both the gross dividend income from DC1 and PRS’s deductions for guaranteed payments. Under the partnership agreement, DC2 is entitled to a disproportionately large share (relative to DC2’s capital contribution) of both the gross dividend income from DC1 and PRS’s deductions for guaranteed payments.

Each year, DC1 pays substantial dividend income to PRS on the preferred stock. PRS allocates to DC2 the dividend income as well as PRS’s deductions for guaranteed payments. If the guaranteed payment right to FP were instead debt of DC1 to FP, then interest on such indebtedness would be subject to the limitations imposed by § 163(j).

DC2 claims, based on its affiliation with DC1 (the corporation paying the dividend), a 100 percent dividends received deduction under § 243(a)(3) for its distributive share of dividend income. In addition, DC2 deducts its distributive share of the guaranteed payment. Consequently, DC2 claims a substantial net deduction.

In one variation of this transaction, PRS has an obligation to make guaranteed payments to a partner (X) unrelated to FP and its affiliates and PRS’s obligation to make guaranteed payments to X is assured by a related party, such as FP, in a manner similar to a disqualified guarantee as defined in § 163(j)(6)(D), so as to avoid treatment as disqualified interest under § 163(j)(3)(B).

DISCUSSION

The Service intends to challenge the purported tax benefits of these transactions on various grounds. The Service may treat FP as directly acquiring an equity investment in DC1, because FP and DC2 lack the requisite non-tax business purpose to form a valid partnership. See ASA Investerings Partnership. v. Commissioner, T.C. Memo 1998-305, aff’d, 201 F.3d 505 (D.C. Cir. 2000), cert. denied, 531 U.S. 871 (2000); Andantech, L.L.C. v. Commissioner, T.C. Memo 2002-97, aff’d, 331 F.3d 972 (D.C. Cir. 2003). The Service also may challenge the transaction under the partnership anti-abuse rule contained in § 1.701-2. In addition, the Service may challenge the purported tax results on the grounds that the allocations under the partnership agreement lack substantial economic effect (as discussed below) and are not in accordance with the partners’ interests in the partnership as required by § 704(b).

In particular cases, the Service may argue that the allocations lack economic effect. Alternatively, where the allocations have economic effect, or are deemed to have economic effect, the Service may assert that such economic effect is not substantial. The economic effect of allocations is not substantial if, at the time the allocations became part of the partnership agreement, (i) the after-tax economic consequences to one partner might, in present value terms, have been enhanced compared to such consequences if the allocations had not been contained in the partnership agreement, and (ii) there was a strong likelihood that the after-tax economic consequences of no partner would, in present value terms, have been substantially diminished compared to such consequences if the allocations were not contained in the partnership agreement.

In the example described above, under the partnership agreement, DC2 is entitled to a disproportionately large share of both the gross dividend income from DC1 and PRS’s deductions for guaranteed payments. To the extent the dividend income and guaranteed payment deduction offset, this allocation will not alter the economic returns of DC2 and FP compared to their returns if such items were allocated to FP. Neither DC2 nor FP suffers a detriment to its after-tax economic consequences as a result of the special allocations. However, the allocations in the agreement will improve the after-tax consequences to DC2 because a larger share of partnership items will allow DC2 to claim a larger net deduction attributable to the dividends received deduction. The Service may argue, based on this analysis or on other relevant analyses, that the economic effect of the allocations in the agreement is not substantial and that the allocations are not in accordance with the partners’ interests in the partnership.

Transactions that are the same as, or substantially similar to, the transactions described in this notice are identified as “listed transactions” for purposes of §§ 1.6011-4(b)(2), 301.6111-2(b)(2) and 301.6112-1(b)(2) effective April 1, 2004, the date this notice was released to the public.

Independent of their classification as “listed transactions,” transactions that are the same as, or substantially similar to, the transactions described in this notice may already be subject to the disclosure requirements of § 6011 (§ 1.6011-4), the tax shelter registration requirements of § 6111 (§§ 301.6111-1T, 301.6111-2), or the list maintenance requirements of § 6112 (§ 301.6112-1). Persons who are required to register these tax shelters under § 6111 but have failed to do so may be subject to the penalty under § 6707(a). Persons who are required to maintain lists of investors under § 6112 but have failed to do so (or who fail to provide those lists when requested by the Service) may be subject to the penalty under § 6708(a). In addition, the Service may impose penalties on parties involved in these transactions or substantially similar transactions, including the accuracy-related penalty under § 6662.

The principal authors of this notice are David J. Sotos of the Office of Associate Chief Counsel (International) and Sean Kahng of the Office of Associate Chief Counsel (Passthroughs and Special Industries). For further information regarding this notice, contact Mr. Sotos at (202) 622-3860 or Mr. Kahng at (202) 622-3050 (not a toll-free call).

Rev. Proc. 2004-27

SECTION 1. PURPOSE

This revenue procedure permits certain owners of royalty interests (RI Owners) to claim the credit for producing fuel from a nonconventional source under § 29 of the Internal Revenue Code in the taxable year (including a 2003 taxable year) in which they receive the income from the sale of qualified fuel, rather than in a prior taxable year in which the owner of the operating interest (OI Owner) sold the qualified fuel.

SECTION 2. BACKGROUND

.01 Section 29 provides a credit for producing fuel from a nonconventional source. Section 29(a) provides, in part, that there shall be allowed as a credit against the tax imposed by Chapter 1 for the taxable year an amount equal to (1) $3, multiplied by (2) the barrel-of-oil equivalent of qualified fuels, the production of which is attributable to the taxpayer, that are sold by the taxpayer to an unrelated person during the taxable year.

.02 Section 29(c)(1) provides that the term “qualified fuels” means (A) oil produced from shale and tar sands, (B) gas produced from (i) geopressured brine, Devonian shale, coal seams, or a tight formation, or (ii) biomass, and (C) liquid, gaseous, or solid synthetic fuels produced from coal (including lignite), including such fuels when used as feedstocks.

.03 Section 29(f) provides that the credit provided in § 29 applies only to qualified fuels produced from a well drilled, or in a facility placed in service, after December 31, 1979, and before January 1, 1993, and only to fuels sold before January 1, 2003.

.04 Section 29(g) extends the period for which the credit is applicable for certain facilities producing (1) gas from biomass or (2) liquid, gaseous, or solid synthetic fuels from coal (including lignite).

.05 The credit under § 29 does not arise as a result of an expenditure, and the availability of the credit does not depend on a recognition of the corresponding income. Rather, the credit arises as a result of a sale of the qualified fuel “during the taxable year.” Section 29(a). Therefore, a taxpayer is entitled to the credit under § 29 in the taxable year in which the qualified fuel is sold.

.06 Typically, an RI Owner must rely upon the statement provided by the OI Owner regarding the quantity of qualified fuel that the OI Owner sold on behalf of the RI Owner’s interest. An RI Owner generally receives its share of the income one or more months after the OI Owner sells the qualified fuel. For instance, an RI Owner usually does not receive income from the sale of qualified fuel occurring in the last quarter of Year 1 until the first quarter of Year 2. It has come to the Service’s attention that many RI Owners have been claiming the credit under § 29 in the taxable year in which they receive the income from the sale of qualified fuel, rather than in the prior year of the sale. Many of these RI Owners are concerned that they will be unable to claim the § 29 credit on their federal income tax returns for 2003 with respect to income they received in that taxable year for sales of qualified fuel occurring prior to January 1, 2003. Although the proper taxable year to claim the credit under § 29(a) is the taxable year in which the OI Owner sells the fuel, in order to promote consistency and as a matter of administrative convenience, the Service will allow RI Owners within the scope of this revenue procedure to claim an otherwise allowable § 29 credit with respect to a sale of qualified fuel in the taxable year (including a 2003 taxable year) in which they receive the income from the sale of qualified fuel, subject to the provisions of section 4 of this revenue procedure.

SECTION 3. SCOPE

.01 This revenue procedure applies to an RI Owner that:

(1) is eligible to claim an otherwise allowable credit under § 29 in respect of sales of qualified fuel; and

(2) has, in all prior taxable years in which the RI Owner claimed the § 29 credit, consistently followed a practice of claiming the credit under § 29 with respect to a sale of qualified fuel in the taxable year in which the RI Owner received the income from the sale.

.02 For purposes of this revenue procedure, the term “RI Owner” includes the unitholders of trusts that own royalty interests where such unitholders are the grantors of the trust.

SECTION 4. PROCEDURE

An RI Owner within the scope of this revenue procedure may claim an otherwise allowable credit under § 29 with respect to a sale of qualified fuel in the taxable year (including a 2003 taxable year) in which the RI Owner receives the income from a sale.

SECTION 5. EFFECTIVE DATE

This revenue procedure is effective for taxable years ending after December 31, 1979.

SECTION 6. DRAFTING INFORMATION

The principal author of this revenue procedure is Jaime C. Park of the Office of Associate Chief Counsel (Passthroughs & Special Industries). For further information regarding this revenue procedure, contact Jaime C. Park at (202) 622-3120 (not a toll-free call).

Part IV. Items of General Interest

Announcement 2004-30

Foundations Status of Certain Organizations

The following organizations have failed to establish or have been unable to maintain their status as public charities or as operating foundations. Accordingly, grantors and contributors may not, after this date, rely on previous rulings or designations in the Cumulative List of Organizations (Publication 78), or on the presumption arising from the filing of notices under section 508(b) of the Code. This listing does not indicate that the organizations have lost their status as organizations described in section 501(c)(3), eligible to receive deductible contributions.

Former Public Charities. The following organizations (which have been treated as organizations that are not private foundations described in section 509(a) of the Code) are now classified as private foundations:

Org. Name City State
Academy of Community Action, Inc., Terrell TX
Acadiana Wildlife Education and Rehabilitation, Lafayette LA
Accrediting Commission International, Inc., Beebe AR
Act Like Me Foundation, Inc., Miami FL
Active Life Adult Day Care, El Paso TX
ADFAC African Diaspora Fine Art Committee, Inc., Coconut Grove FL
Adoption Medical History International Registry, Inc., West Palm Beach FL
African American Parents for Higher Education, Irving TX
Agape Learning Center a Non Profit Corporation, Baton Rouge LA
Ahepa Camps, Inc., San Antonio TX
Air and Ground Museum, San Antonio TX
Air Oklahoma Starts Basketball Club, Inc., Edmond OK
Alice & Jim Wells County Community Foundation, Alice TX
Alpha & Omega, Forrest City AR
Alpha Phi Alpha Fraternity, Inc., Birmingham AL
Alpha Phi Alpha Zeta Alpha Lamda Chapter Educational and Charitable, Ft. Lauderdale FL
American Aircraft Museum, Inc., Enid OK
American Indian Cultural Society, Inc., Desoto TX
American Society of Extra-Corporeal Technology Region VIII, San Antonio TX
American University Delta Chi Educational Foundation, Washington DC
Anterra Ranch, Inc., El Reno OK
Arboretum Family Council, San Marcos TX
Arkansas Coalition for Choice Foundation, Inc., Little Rock AR
Arkansas Waiver Association, Little Rock AR
Art Light Institute, Inc., Santa Fe NM
Artscope South, Inc., Jackson MS
Artspace Center for the Arts, Inc., Port Charlotte FL
Asian-American Womens Business Council, Irving TX
Asian Pacific American Youth of Worcester, Inc., Houston TX
Asociacion De Mujeres Hispanas Contra La Discriminacion Y La Violencia De Genero, Hallandale FL
Assisted and Safe Homes, Inc., Natchitoches LA
Association for Disabled Cubans, Inc., Hialeah FL
Association of Nigerian Christians in One Accord, Incorporated, N. Little Rock AR
At His Feet Music, Duncanville TX
Athens Area Chamber Foundation, Inc., Athens TX
Atoka Youth Network, Inc., Atoka OK
Avenue Proactive Resource Center, Dallas TX
Ayuda De Grandes Ligas, Inc., Baymon PR
B & B Books for Children Foundation, Inc., Ft. Lauderdale FL
Barleys Bay Festival, Inc., Key Largo FL
BDP Training, Inc., Miami FL
Bedwell Financial Services, Inc., Tulsa OK
Begotten of Him Ministries, Inc., Tyler TX
Behavioral Intervention Experiences, Inc., Houston TX
Bess Development Corporation of South Florida, Hialeah FL
Bessemer Family Service Center, Bessemer AL
Bethlehem Community Council, Gilmer TX
Beverage Education Assistance and Training, Inc., Houston TX
Bnai Brith Hillel of San Antonio Texas, Inc., San Antonio TX
Bob Nicholls Ministries, Inc., Fort Worth TX
Bodean Youth Garden Project, Inc., Tulsa OK
Borders Learning Community, Austin TX
Boys & Girls Club, McLoud OK
Bringing Responsible Ownership Through Helping Each Resident Succeed, Inc., Waco TX
Broken Yokes Ministries, Inc., San Antonio TX
Brother Lawrence Society, Inc., Jackson MS
Broward County Archaeological Society, Inc., Davie FL
Budapest Orchestral Foundation for Young Musicians, Houston TX
Buddy Owens Ministries, Inc., McAllen TX
Business Service Center of Arkansas, Inc., Jacksonville AR
Byars Foundation, Inc., Boca Raton FL
Caddo Bossier Youth Sporting Club, Inc., Shreveport LA
Calling All Colors of Florida, Inc., Lake Worth FL
Calvin Lane Foundation, Cedar Hill TX
Canutillo Community Center, Inc., Canutillo TX
Capital Area Community Mediation Center, Inc., Baton Rouge LA
Carbon Hill Brotherhood Society, Carbon Hill AL
C A R E Creating Awareness Reaching Equity, Inc., Lubbock TX
Care-Givers Plus, Inc., New Orleans LA
Caring Place, Inc., Ft. Lauderdale FL
Carpenters Center, Inc., W. Palm Beach FL
CCA Housing, Inc., Lewisville TX
Center for Learning Through the Arts, Rowlett TX
Center for Self-Sufficient Living, Inc., Clearlake CA
Center of Applied Health Research, Austin TX
Centre for Community Enrichment, Inc., Olla LA
CH of Manatee, Inc., Bradenton FL
Chaplains for Assisted Living, Inc., Priceton TX
Chestnut Neighborhood Revitalization Corporation, Austin TX
Children First Child Care and Learning Center, Inc., Baton Rouge LA
Childrens Advocacy Center of Central Texas, Belton TX
Childrens Counseling Center, Inc., Boca Raton FL
Chisum Parent Teacher Organization, Paris TX
Christian Alliance for Sexual Recovery, Inc., Eden Prairie MN
Christian Alliance of Florida, Tampa FL
Christian Brothers, Incorporated, Jennings LA
Christian Connection, Inc., Ruston LA
Christians Against Sinful Actions, Houston TX
Christlove International Christian Ministries, Baton Rouge LA
Christopher Ryan Swartout Foundation, Carrollton TX
Ciboney Tribe, Inc., Sarasota FL
Circle of Voices, Lafayette CA
Citizens Foundation for Education Charitable Trust, Dallas TX
Citycharities Org., Dallas TX
Clowns Who Care, Corpus Christi TX
Club Hoops, Folsom CA
Coalition Pour Le Development De La Commune De Jean Rabel, Inc., Lauderhill FL
Collaborative Family Services, Inc., Gretna LA
College Source, Incorporated, Lauderhill FL
Collier County Microenterprise Corporation, Naples FL
Committee Action for Relief of Department of Artibonite, Inc., Lake Worth FL
Common Enterprise, Inc., San Antonio TX
Communities for Kidz, Rockwell TX
Communities United Partnership, Albuquerque NM
Community Development Corporation of Bossier City, Bossier City LA
Community Oriented Policing Services-Helping Hands, Inc., Lake Charles LA
Community Power, Lake Charles LA
Community Preschool and Daycare of Guerneville, Guerneville CA
Community Resource and Transition Centers, Inc., Pembroke Pines FL
Comprehensive Health Network, Inc., Hialeah FL
Computer Unlimited Foundation, Inc., Riviera Beach FL
Convicts of Christ, Inc., Ft. Lauderdale FL
C O P D Support, Tulsa OK
Cottonwoods Foundation for Excellent Schools, Inc., Cottonwood CA
Council of Parent Attorneys and Advocates, Inc., Washington DC
Courthouse Crusade Ministries, Inc., Fort Payne AL
Coushatta Museum, Inc., Coushatta LA
Crape Myrtle Trails of McKinney Foundation, McKinney TX
Creole Cottage, New Orleans LA
Creole Museum & Multi Cultural Center, Inc., Scott LA
Crossroads Ministries, Inc., Stigler OK
Crosswind Playground, Inc., Spicewood TX
Crosswise Productions, Inc., Cedar Hill TX
Cuddly Love Preschool & Day Care Center, Inc., Shreveport LA
Culture Link, Santa Fe NM
Cyprus Cove Geriatric Care Center, Jackson MS
Cystic Fibrosis Support Association, Inc., Hattiesburg MS
D 4 D, Inc., Dallas TX
D Ella Foundation, Inc., Sarasota FL
Dales Dream Ranch, Incorporated, Austin TX
Dallas Area Chess-in-the-Schools, Inc., Dallas TX
Dallas County Dental Society Foundation, Dallas TX
Darnay Scott Foundation, San Diego CA
Deaf Abused Women and Children Advocacy Services, Austin TX
Deer Park Citizens Police Academy Alumni Association, Deer Park TX
Delta Resource Initiatives Development Corporation, West Memphis AR
Denton Hockey Club, Inc., Denton TX
DeSoto First Foundation, Southhaven MS
Dimensions Danze Company, Dallas TX
Dive in Austin, Inc., Austin TX
Diversity in Law Foundation, Sacramento CA
Donation Station for Education, Baton Rouge LA
Dorcas, Inc., Avondale LA
Douglas Arant Non-Profit Corp., Birmingham AL
Downtown Community Development Corporation Holy Cross, New Orleans LA
Drug and Violence Task of Baxter County, Mountain Home AR
Dumas Area Crisis Pregnancy Center, Dumas TX
Durham Area Swimming Association, Durham CA
E. A. Henry Community Development Corporation, New Orleans LA
Eagle Foundation, El Prado NM
Earth Rangers, Inc., Coral Springs FL
Earth Tone Media, Garland TX
East Austin Jacobs Ladder Room and Board Home, Inc., Austin TX
East Texas Electric Eels, Inc., Henderson TX
Eastern Johnson County Medical Development, Inc., Alvarado TX
Economic Development Eternal Networking, Inc., Princeton FL
Ecumenical Church of God, Inc., Singer Island FL
Educare 2001, Inc., New Orleans LA
Educational Foundation of the Americas, Inc., San Antonio TX
Educational Learning Corporation, Jackson MS
Edward Madison Community Development Corporation, Inc., New Orleans LA
Egbe Lukumi, Inc., Miami FL
El Grupo Folklorico De Martin De Leon, Victoria TX
El Paso Arms of Love Aids Ministry, El Paso TX
El Paso Parks and Recreation Foundation, El Paso TX
El Shaddai Economic Education Development, Inc., Laud Lakes FL
Elder Legacy Fund, Oklahoma City OK
Electronic Conservative Clearinghouse Library, Inc., Shawnee OK
Elijah & Isaac Foundation, Chico CA
End Time Champions, Inc., Sarasota FL
Enugu State Progressive Union, Arlington TX
Environmental Research Consortium of Louisiana, Inc., New Orleans LA
Ephphatas Adam & Eve Garden, Austin TX
Erin Tierney Kramp Encouragement Foundation, Dallas TX
Eugene Powell Community Development Corporation, New Orleans LA
Evening Star Youth Foundation, Inc., Harvey LA
Excellence Foundation, Jackson MS
Explore World of Venture, Houston TX
Express Dental, Inc., Miami FL
Faith Community Development Center a Not-for-Profit-Corp., Fort Smith AR
Faith Development, Inc., Opa-Locka FL
Farmers Branch Youth Football & Cheerleaders Association, Farmers Branch TX
Federation of Professional Baseball Players, Inc., Miami FL
Fe-Fundacao Esperanca, Austin TX
Fellowship of Racing Christians Everywhere, Inc., Aleander AR
Festival of Freedom Foundation, Dallas TX
Fihi, Inc., Madison AL
First District Community Development Corporation, New Orleans LA
Florida Development Enterprises Corporation, W. Palm Beach FL
Fly the Kids, Inc., Arlington TX
Foothills Future, Cameron Park CA
For Youth for Change, Inc., Pembroke Pines FL
Fort Myers Baseball Club, Inc., Fort Myers FL
Foundation Amistad, Inc., Arlington TX
Foundation for Natural Child Development, Austin TX
Frank Sepulveda-Handy Andy Supermarkets Scholarship Foundation, San Antonio TX
Friends for Life Foundation, Leander TX
Friends of Good Shepherd Mobay, Inc., Miramar FL
Friends of Sacramento Fencing Club, Carmichael CA
Friends of the Point Comfort Branch Library, Point Comfort TX
From the Heart Employee Benevolent Fund, Fort Worth TX
Gamma Lambda Chapter Building Corporation, Tulsa OK
Garfield County Chapter of Childrens Horizons, Enid OK
Garland Hispanic Business Association, Garland TX
Georgetown Community Television, Inc., Georgetown TX
Gibson Trust, Inc., Pompano Beach FL
Giddings Community Charitable Association, Giddings TX
Gideons Army Ministries, Port Arthur TX
Give Us This Day Our Daily Bread, Incorporated, Deerfield Beach FL
Global Family Foundation, Inc., Oklahoma City OK
Global Outreach & Development Corporation, Boca Raton FL
Gold Coast Music Programs, Inc., West Palm Beach FL
Golden Beach Improvement Foundation Trust, Inc., Miami Lakes FL
Golden Hammer Awards, New Orleans LA
Good Action, Inc., Miami FL
Good Faith Foundation, Houston TX
Grand Prix Charities of Houston, Houston TX
Greater Baton Rouge Community Clinic, Inc., Baton Rouge LA
Greater Broward Church of Christ, Inc., Ft. Lauderdale FL
Greater Faith Outreach Ministries, Blytheville AR
Greater St. Stephen Manor, Inc., Harvey LA
Greek American Medical Society of South Florida, Inc., Boca Raton FL
Greyhound Adoption League S-F, Inc., West Palm Beach FL
Guadalupe Neighborhood Association, Inc., Skidmore TX
Guine-Bissau Association of Students & Immigrants, Santa Rosa CA
H. M. Willis Community Development Corporation, New Orleans LA
Haitian-American Social Service Council, Inc., Lake Worth FL
Hammers Motorcycle Outreach, Gilmer TX
Happin, New Orleans LA
Harmony Health, Marble Falls TX
Healdsburg Hospital Foundation, Healdsburg CA
Health Culture Technologies, Inc., Houston TX
Health for Moore Clinic, Inc., Moore OK
Health Resource Network of Texas, Arlington TX
Heart Center for Healing and Art, New York NY
Heart of Fair Haven, Inc., Lindale TX
Heber Springs Tiny Town Learning Center, Inc., Quitman AR
Helping Hands Economic Development, Inc., Miami FL
Helping Out Parents Through Education, Leander TX
Hepburn Family Foundation, Inc., Hallandale FL
Hidden Valley Sports Park, Canyon Lake TX
Hispanic 50, Dallas TX
Hivus, Inc., Miami FL
Hobart Youth Association, Inc., Hobart OK
Hollywood Park Community Center, Inc., Hollywood FL
Holy Spirit Co-op, Breaux Bridge LA
Home of Champions Curtis Cokes Foundation, Inc., Dallas TX
Homestead Fest, Inc., Homestead FL
Hoopla, Inc., Southlake TX
Hopeace, Inc., Montgomery AL
House of Mercy, Mamou LA
Housing Coalition of Mississippi, Inc., Taylorsville MS
Housing Counselors of Texas, Inc., Dallas TX
Houston Area Friends of Florida College, Houston TX
Houston Texas Fencing Association, Inc., Houston TX
Human Source Foundation, Fort Worth TX
Hunter Trapper Trader Museum, Inc., Cliff NM
I Love the Kids Foundation, Inc., Miramar FL
Ice Plant, Inc., Jourdanton TX
Ici of Mississippi, Inc., Jackson MS
Impact San Antonio, Inc., San Antonio TX
In His Place, Dallas TX
In Our World, Inc., Inglewood CA
In Spirit and in Truth Ministry, Garland TX
Indian Territory Arts & Humanities Council, Inc., Broken Arrow OK
Infinity Network and Programs, Inc., New Orleans LA
Inkind, Inc., Austin TX
Institute for American Indian Development, Richmond CA
Institute for Education Grants and Scholarships, Inc., Monroeville AL
International Adoption Services of Florida, Bradenton FL
International Aid for Under Priviledge Children, Inc., Miami FL
International Connections, Inc., Shawnee OK
International Development Institute 05-01-97, Lodi CA
International Medicine Network, Inc., Tulsa OK
International Society for Sexually Transmitted Diseases Research, New Orleans LA
International Wind Synthesis Association, Inc., Ft. Lauderdale FL
Inverness Village, Tulsa OK
Iredell Baseball Association, Iredell TX
Islamorada Firefighters Benevolent Association, Inc., Islamorada FL
Its Not About Us Ministries, Huntsville AL
J C Ministries, Inc., Lewisville TX
J Paul Ministries, Inc., Huntsville AL
James Madison High School Booster Club, Dallas TX
Jennifers Heart-Friends of Victims Outreach, Dallas TX
Jhankar School of Dancing, Inc., Houston TX
John D. Flowers Scholarship Fund, Tuskegee AL
John Jacobs and the Power Team, Inc., Dallas TX
Joy of Learning Child Development Center, Inc., Mansfield LA
Jurisdiction Independent Regional Emergency Helicopters, Whitewright TX
K-SMH Radio, Tahoma CA
Keith L. Straghn Memorial & Scholarship Fund, Delray Beach FL
Kevin G. Wooldridge Memorial Foundation, Inc., New Orleans LA
Keys, Little Rock AR
Keys to Kenai, Inc., Scarborough ME
Kiddieland Daycare and Nursery, Monroe LA
K I D S Ketchum Involved in Developing Students, Inc., Kethcum OK
Kids We Care, Inc., Edmond OK
Kids World Day Care & Pre School, Ville Platte LA
King Solomon Community Development Corporation, Inc., Fort Smith AR
Kingston International Center for African Music, Austin TX
Kipling Family Ministries International, Inc., Broken Arrow OK
Korean American Social Service Center, Killeen TX
Krop, Inc., St. Augustine FL
KTF Foundation, Lauderhill FL
L. C. & Daisy Bates Museum Foundation, Jacksonville AR
La Fundacion Maria, Miami FL
La Petite Kingdom, Inc., Grosse Tete LA
La Raza Unida Center, Inc., Pompano Beach FL
Lake County Community Radio, Lakeport CA
Lake Highlands Youth Football Association, Dallas TX
Lake Whitney All-Branch Law Enforcement, Whitney TX
Lamesa Youth Football, Inc., Lamesa TX
Lasonrisa Productions, Inc., Austin TX
Lathan Memorial Scholarship Fund, Inc., Port Arthur TX
Latin American Center for the Arts, Inc., Miami FL
Law Enforcement Officers Charitable Foundation, Inc., Miami FL
LBI Childrens Foundation, Inc., Coral Springs FL
Leadership Lake Country, Inc., Hawkins TX
Leakey Volunteer Fire Department, Inc., Leakey TX
Lee County Pulling Together, Fort Myers FL
Lee County Youth Committee, Giddings TX
Lehmann Research Foundation, San Antonio TX
Light in the Darkness Ministries, Mt. Pleasant TX
Light of the Cross Ministries International, Mason TX
Lil Rabbits, Inc., Ralls TX
Linden Keiffer Educational Foundation, Inc., Marrero LA
Little Lambs Daycare Learning Center, New Roads LA
Lone Star State Taekwondo Association, Fort Worth TX
Longview 2020 Forum, Longview TX
Lorean Roberts Foundation, Plano TX
Loud Daycare Center, Inc., Ringgold LA
Louis A. Martinet Foundation, Baton Rouge LA
Louisiana Crime Resistance Association, Inc., Belle Chasse LA
Louisiana High Scope Educators Association, Leesville LA
Love Hope & Charity, Inc., Dallas TX
Love in Action, Inc., Miami FL
Love in Action, Inc., Tulsa OK
Loving Hands Ministry, Inc., Plantation FL
M L C Guidance, Incorporated, Idabel OK
Mabryer Foundation, Richvale CA
Mabuhay Verde Living Centers, Inc., Elgin TX
Magnause, Marina CA
Main Street Siloam Springs, Inc., Siloam Springs AR
Mansfield I S D Education Foundation, Inc., Mansfield TX
Marietta Business District Association, Marietta OK
Maritime Heritage Preservation Society, Fairhope AL
Marley Homes & Addition Tenants Council, Frederiksted VI
Martin County Regional Land Tr, Inc., Stuart FL
Mayim Ministries, Inc., Burnet TX
Mediation Center for the Espanola Valley, Espanola NM
Megan Enterprise, Inc., Baton Rouge LA
Mendocino Coast Model Railroad and Historical Society, Fort Bragg CA
Mensana Foundation, Inc., Sarasota FL
Mental Health Association in Northwest Arkansas, Fayetteville AR
Messiah Reign Ministries, Inc., Nesbit MS
Metropolitan Musical Theatre Company, Key West FL
Miami Manatees Baseball Club, Incorporated, Miami FL
Migdal Ohr, Inc., Miami Beach FL
Mighty Rock Ministries, Alma AR
Millien Economic Development, Inc., Miami FL
Mimi Correa Scholarship Fund, Inc., Harlingen TX
Ministries of Enlightenment, Houston TX
Minority Health Consortium of Arkansas, Incorporated, Little Rock AR
Mission Mississippi-Pine Belt, Hattiesburg MS
Mississippi Animal Control & Protection Association, Raymond MS
Mississippi Center for Freedom of Information, Inc., Jackson MS
MM Cybertech Group, Dallas TX
Mobile River Basin Coalition, Birmingham AL
Molly Marine Restoration Society, Inc., New Orleans LA
Moore Ministries, Inc., McAllen TX
Moores Child Dev. Center, Inc., Jackson MS
Morgan City Making a Difference, Inc., Morgan City LA
Mount Neighborhood Development, New Orleans LA
Mountain Movers Ministries, Inc., Brandon MS
Moving in the Right Direction Girls, Inc., Mesquite TX
Mt. Moriah Youth Community Center, Inc., Miami FL
Musa Institute, Inc., Garland TX
Muslims of Abilene Community Center, Inc., Abilene TX
Mustang Education Foundation, Chico CA
My Sisters House, Inc., Richardson TX
Myhelp, Houston TX
Narrative Publishing, Hewitt TX
National Institute for Dialogueson Multi-Culturalism and Anti-Racism, New York NY
Natural Hormone Research Institute, Inc., Dallas TX
Natural Woman Natural Man, Inc., Nevada City CA
Nehemiah Ministry International, Plano TX
Neighborhood Improvement Association Community Development Corp., Dallas TX
New Beginning Christian Camp, Everman TX
New Bethel H O P, Inc., Clarksdale MS
New Creation Ministries, Inc., Bartlesville OK
New Era of Hollywood, Inc., Hollywood FL
New Hope Community Outreach, Inc., Forest MS
New Jerusalem Treatment Center, Kenner LA
New Orleans Works, Inc., New Orleans LA
New World Ballet, Richardson TX
Next Step Adolescent and Youth Community Center, Inc., Pmbk Pines FL
Night Group of the Tuscaloosa Genealogical Society, Tuscaloosa AL
Noble H. Willingham Jr. Foundation, Los Angeles CA
Non-Secure Detention Home, Inc., Miami FL
Nora Mae Polk Scholarship and Mentoring Foundation, Inc., San Antonio TX
North Hopkins Scholarship Foundation, Inc., Sulphur Springs TX
North Texas Football Conference, Garland TX
North Texas Hockey Club, Southlake TX
Northeast Huntsville Community Improvement Organization, Huntsville AL
Northern California Merchants GirlsA S A Team, Vacaville CA
Northwest Broward Youth Football League, Inc., Margate FL
NSU Soccer Foundation, Inc., Tulsa OK
Nueces County Community Initiatives Council, Corpus Christi TX
Oasis New Life Ministries, Incorporated, Boynton Beach FL
Oasis of Life Ministries International, Inc., Tulsa OK
ODCJ, Inc., N. Miami FL
Odessa Community Partners for Children, Inc., Odessa TX
Oklahoma Appleseed for Law and Justice, Norman OK
Oklahoma City Partners in Home Ownership, Incorporated, Oklahoma City OK
Olympia Educational Systems Institute, Universal City TX
On the Way Outreach Program, Inc., Miami FL
One on One Educational and Enrichment Center, Inc., Laud Lakes FL
Opelousas Dog Round Boosters, Opelousas LA
Orange Community Playground, Orange TX
Osceola Gardens, Inc., Batesville AR
Our Family Community Foundation, Sacramento CA
Outreach Clinic, Inc., Huntsville AL
Ozark Outdoor Activities Association, Inc., Fayetteville AR
Panache Youth Outreach, Inc., Palm Beach Gardens FL
Parent Advisory Organization, Deer Park TX
Parrots & People, Colleyville TX
Pathway Community Development Corporation, Dermott AR
Pathway Evangelistic Association, Inc., Hartselle AL
People First International Foundation, Dunnellon FL
Permian Basin Open Association, Midland TX
Perrin Field Historical Society, Sherman TX
Perspectives, Inc., Austin TX
Pet Adoption Services, Inc., Chalmette LA
Pet Therapy, Inc., Tallevast FL
Pilgrimage Health and Education Initiatives, Inc., Ft. Lauderdale FL
Pleasant Grove Chargers Youth Athletic Association, Dallas TX
Pocket Fund, Inc., Sacramento CA
Pockets of Hope, Dallas TX
Policewives, Littleton CO
Polonia, Inc., St. Petersburg FL
Ponca City Police Foundation Trust, Ponca City OK
Positive Touch Plus, New Orleans LA
Powerhouse Prayer and Deliverance Ministries, Inc., Orlando FL
Primary Learning Academy, Inc., W. Memphis AR
Prince of Peace Foundation, Escondido CA
Pro-Kidney Foundation, Inc., Miami Beach FL
Project Intervention Wyandanch, Inc., North Babylon NY
Project Rescue, Lake Charles LA
Prophetic People Ministries, San Antonio TX
Public Access Defibrillator League, Sacramento CA
Rainbow for Children, Inc., Plano TX
Ray Orr Ministries, Inc., Dallas TX
Real People Ministries, Inc., Olathe KS
Real World Ministries, Inc., Bradenton FL
Red River Humane Society, Inc., Coushatta LA
Red River Valley Bluegrass Club, Inc., Paris TX
Refreshing Winds Ministries, Inc., Houston TX
Rehabilitation the Christian Way, West Palm Beach FL
Rescue Rottie, Oakland CA
Restoration & Reconciliation Outreach, Inc., Miami FL
Revival Ministries of Palm Beach, Inc., N. Palm Beach FL
Richie Cunninghams Happy Days Foundation, Irving TX
Richmond Jaguars-East Bay Track Club, Richmond CA
Rio Americano Aquatics Foundation, Sacramento CA
Rivers of Grace Ministries, Cedar Hill TX
Rockport-Fulton Christian Community Corps, Fulton TX
Rogers County Fire and Life Safety Association, Claremore OK
Rolling Hills Independent Living Community, Inc., Desoto TX
Round Rock Heritage Society, Round Rock TX
Rural Hidden Treasures, Inc., Bogalusa LA
Sacramento Center for Intercultural Relations, Elk Grove CA
Sacramento Interfaith Hospital Network, Sacramento CA
Sadler-Allen Inter-Tribal Enrichment Group, Amarillo TX
Sage House, Springdale AR
Salt of the Earth Restoration Outreach, Inc., Houston TX
Samantha Hope Foundation, Richardson TX
Sao Paulo Association of the Sovereign Military Order of Malta, Delray Beach FL
Sarasota Council of Science Educators, Sarasota FL
S A W P Organization, New Orleans LA
Scarrella Ministries, Inc., Kansas City MO
Schoenstatt Movement of Austin, Inc., Austin TX
Scranton Rough Riders, Inc., Scranton AR
Senior Citizens Housing II of Moore Oklahoma, Inc., Edmond OK
Serenity Park Foundation, Inc., Mansfield TX
Serna Neighborhood Partnership in Education, San Antonio TX
Seventh Street Community Development Corporation, Hempstead TX
Shake the Nations, Inc., Sacramento CA
Shaken Baby Prevention, Inc., Sacramento CA
Shalom Zone Community, Inc., New Orleans LA
Shelby Payne, Baton Rouge LA
Sheldon Baseball Club, Sacramento CA
Show Biz Kids, Jupiter FL
Shri Ambalal J Patel Charitable Foundation, Inc., USA, Inc., Plano TX
Simon Rozen Foundation for the Higher Education of Oncology, Surfside FL
Single Friends Network, Euless TX
Sixteenth Street Foundation, Inc., Birmingham AL
SLC Sportsplex, Inc., Port St. Lucie FL
Society for the Early Detection of Endangered Marine Mammals, Inc., Key West FL
Sonoma County Reserve Deputies Association, Santa Rosa CA
South Bay Youth League Program, Inc., South Bay FL
South Florida Community Service Center, Inc., Plantation FL
South Sarasota County Ballet Education Program, Inc., Venice FL
South Texas EMS of Orange Grove, Orange Grove TX
South Texas Sports Charity, Inc., Brownsville TX
South Texas Youth Ranch-Pharr, Inc., Pharr TX
Southeast Asia Evangelism Ministries, Fort Worth TX
Southern Clogging Organization, Inc., Kenner LA
Southern Oklahoma Animal Care, Inc., Healdton OK
Southernmosts Homeless Assistance League, Inc., Key West FL
Southlake Arts Foundation, Inc., Southlake TX
Southwest Mule Deer Foundation, Inc., Austin TX
Southwest Non-Profit Corporation, Inc., Birmingham AL
Spirit & Truth Community Empowerment Center, Inc., Miami FL
St. Anthony Outreach, Inc., Clayton LA
St. Croix Womens Ministries Corp., St. Croix USVI VI
St. Francis County Workforce Alliance, Forrest City AR
Steve Byron Walker Jr. Memorial Scholarship Fund, Carthage TX
Stir-Up Ministries, Bells TX
Stonybrook Neighborhood Network, Inc., Rivera Beach FL
Streetsmarts Coalition, Inc., Miami FL
S T R I P E S, Inc., Brookshire TX
Success Through Enjoyable Elementary Education, Dallas TX
Suffer the Children Foundation, Port St. Lucie FL
Summerhill, Inc., Pipe Creek TX
Sun City Seals, Carlsbad NM
Sunny Slope-Pasadena Heights Neighborhood Association, San Antonio TX
Support Your Own, Inc., Antioch CA
Supporting Economic Empowerment and Development, Oakland CA
Symonds Economic Association, Rosedale MS
Tagalog Association of Texas, Inc., Houston TX
Taking the Word to the World Ministries, Dallas TX
Tapestry Singers, Austin TX
Tara De Christo, Inc., Austin TX
Team for Evangelism, Inc., Homewood AL
Team Huntsville, Inc., Huntsville AL
Technical and Professional Careers Institute, Inc., Miami FL
Technology Research Institute, Sacramento CA
Teddy Bear Land, Inc., Pinson AL
Teddy Tum Tum, Inc., Palestine TX
Teen Consciousness and Awareness Resource Association, Fort Worth TX
Tele Lumiere International, Inc., Dallas TX
Telugu Association of South Florida, Inc., Ft. Lauderdale FL
Temporary Emergency Services of Arab, Inc., Arab AL
Tentmakers Ministries, Inc., N. Richland Hills TX
Texans for the Betterment of Nursing Home Residents, Austin TX
Texarkana Positive Support, Inc., Texarkana TX
Texas AFL-CIO Scholarship Fund, Austin TX
Texas Alliance for Public Archaeology, Round Rock TX
Texas Foundation for Volunteerism and Community Service, Austin TX
Texas Historical Aviation Museum, Waco TX
Texas Immigrant and Refugee Coalition, Inc., Austin TX
Texas Institute for Housing Opportunities, Inc., San Marcos TX
Texas Midwest Foundation for Health Care Prevention Education & Treatment, Abilene TX
Texas Water Foundation, Inc., Austin TX
Texas Writers Project, Austin TX
Texoma Critical Incident Stress Management Team, Wichita Falls TX
Thai Community Center of North Texas, Inc., Dallas TX
Thompson Community Development Corporation, New Orleans LA
Tim Abel Ministries, Ohatchee AL
Timpson Area Genealogical and Heritage Society of Shelby County TX, Beckville TX
T L G Creation Preschool, Inc., Ft. Lauderdale FL
Tori Foundation, Inc., Hobe Sound FL
Touch of Grandma, N. Little Rock AR
Touchdown Club Foundation, Birmingham AL
Townview Hope, Inc., Desoto TX
Transitional Gardens, Boynton Beach FL
Tri County Affordable Housing, Inc., Miramar FL
Trinity Outreach Jail and Prison Ministry, Incorporated, Dallas TX
Tulsa Blue-T Club, Tulsa OK
Turning Point Community Outreach, Covington LA
Union Fidelity Development, Inc., Belle Glade FL
United Brothers International, Inc., West Palm Beach FL
United Care of Hico, Hico TX
United Resource Foundation of Southern Oklahoma, Ardmore OK
United Way of Maverick County, Eagle Pass TX
Uniting Our People in Unity, Birmingham AL
University of Pennsylvania Alumni Association of the Florida Gold Co., Boca Raton FL
Upper Keys Volunteer Search & Rescue, Inc., Key Largo FL
Us & the One God, Inc., Cabot AR
US-Africa-Caribbean House of Commerce, Inc., Greenacres FL
USNP, Inc., Las Vegas NV
Vagabond Repertory Theater, Inc., Cedar Park TX
Video Evangelism, Pharr TX
Vietnamese Childrens Assistance Program, Inc., Miami FL
Virtual Museum, Ross CA
Vision of Living Hope International, Inc., San Antonio TX
Vision Team, Dallas TX
Visions Track and Field Club, Houston TX
Vista Media Ministries International, Inc., Amarillo TX
W A A R, Incorporated, New Orleans LA
Waco Childrens Theater, Inc., Waco TX
Waco Community Fellowship, Waco TX
Winner in You Foundation, Stockton CA
Wise Area Relief Mission, Inc., Decatur TX
Woman to Woman Mothers of Creation, Inc., Miramar FL
Woodland Artworks, Woodland CA
Working Parents Foundation, Inc., Miami FL
World IGBO Congress Foundation, Inc., Houston TX
Youth Building a Better America, Austin TX
Youth Exchange, Inc., Houston TX

If an organization listed above submits information that warrants the renewal of its classification as a public charity or as a private operating foundation, the Internal Revenue Service will issue a ruling or determination letter with the revised classification as to foundation status. Grantors and contributors may thereafter rely upon such ruling or determination letter as provided in section 1.509(a)-7 of the Income Tax Regulations. It is not the practice of the Service to announce such revised classification of foundation status in the Internal Revenue Bulletin.

Announcement 2004-35

Implementation of Rolling Renewal Schedule for Enrolled Agents Under Section 10.6(d)(1) of Treasury Department Circular No. 230, 31 CFR Part 10

The Internal Revenue Service announces the schedule for enrolled agents to renew their enrollment under section 10.6(d)(1) of the Regulations Governing Practice Before the Internal Revenue Service, Treasury Department Circular No. 230, 31 CFR part 10. Individuals enrolled to practice before the Internal Revenue Service who received their initial enrollment on or before November 1, 2003, and who have a social security number that ends with the numbers 0, 1, 2, or 3 (affected enrolled agents) must apply for renewal of enrollment between June 1, 2004, and July 31, 2004.

The Internal Revenue Service previously announced a delay in the renewal of enrollment for affected enrolled agents in Announcement 2003-68, 2003-45 I.R.B. 1050. This delay in the renewal of enrollment did not impact an affected enrolled agent’s current status as an enrolled agent in good standing. This delay also did not affect the number of hours of continuing professional education required for renewal or the time period within which these hours must be completed.

Affected enrolled agents must apply for renewal of enrollment by submitting to the Internal Revenue Service a completed Form 8554, Application for Renewal of Enrollment to Practice Before the Internal Revenue Service. This form can be downloaded at www.irs.gov. Enrollment cards will be issued shortly after applications for renewal of enrollment are processed by the Office of Professional Responsibility.

Enrolled agents not affected by this announcement should refer to sections 10.6(d)(2) and (3) of Treasury Department Circular No. 230 (July 26, 2002) to determine the period within which to apply for renewal of enrollment. Additional changes, if any, to the renewal periods for enrolled agents not affected by this announcement will be published in the Internal Revenue Bulletin and on the Office of Professional Responsibility webpage at http://www.irs.gov/taxpros/agents/
index.html
. Additional information regarding enrollment and continuing professional education can be found on the Office of Professional Responsibility webpage at http://www.irs.gov/taxpros/agents/
index.html
.

The principal author of this announcement is Heather L. Dostaler of the Office of Associate Chief Counsel (Procedure and Administration). For further information regarding this announcement, contact Heather L. Dostaler at (202) 622-4940 (not a toll-free call).

Announcement 2004-37

Deletions From Cumulative List of Organizations Contributions to Which are Deductible Under Section 170 of the Code

The name of an organization that no longer qualifies as an organization described in section 170(c)(2) of the Internal Revenue Code of 1986 is listed below.

Generally, the Service will not disallow deductions for contributions made to a listed organization on or before the date of announcement in the Internal Revenue Bulletin that an organization no longer qualifies. However, the Service is not precluded from disallowing a deduction for any contributions made after an organization ceases to qualify under section 170(c)(2) if the organization has not timely filed a suit for declaratory judgment under section 7428 and if the contributor (1) had knowledge of the revocation of the ruling or determination letter, (2) was aware that such revocation was imminent, or (3) was in part responsible for or was aware of the activities or omissions of the organization that brought about this revocation.

If on the other hand a suit for declaratory judgment has been timely filed, contributions from individuals and organizations described in section 170(c)(2) that are otherwise allowable will continue to be deductible. Protection under section 7428(c) would begin on March 18, 2002, and would end on the date the court first determines that the organization is not described in section 170(c)(2) as more particularly set forth in section 7428(c)(1). For individual contributors, the maximum deduction protected is $1,000, with a husband and wife treated as one contributor. This benefit is not extended to any individual, in whole or in part, for the acts or omissions of the organization that were the basis for revocation.

Org. Name City State
American Legacy Foundation Taylorsville UT

Announcement 2004-39

Compensatory Stock Options Under Section 482; Correction

AGENCY:

Internal Revenue Service (IRS), Treasury.

ACTION:

Correction to final regulations.

SUMMARY:

This document contains a correction to T.D. 9088 (2003-42 I.R.B. 841 [68 FR 51171]), which was published in the Federal Register on August 26, 2003, that provide guidance regarding the application of the rules of section 482 governing qualified cost sharing arrangements.

EFFECTIVE DATE:

This correction is effective August 26, 2003.

FOR FURTHER INFORMATION CONTACT:

Douglas Giblen (202) 435-5265 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

The final regulations that are the subject of this correction are under section 482 of the Internal Revenue Code.

Need for Correction

As published, the final regulations (T.D. 9088) contain an error which may prove to be misleading and is in need of clarification.

Correction of Publication

Accordingly, the publication of final regulations (T.D. 9088), which are the subject of FR Doc. 03-21355, is corrected as follows:

§1.482-7 [Corrected]

On page 51179, column 1, §1.482-7 (d)(2)(iii)(C), line 9 from the bottom of the paragraph, the language “paragraph (d)(2)(iii)(B)(2) of this section,” is corrected to read “paragraph (d)(2)(iii)(B)(4) of this section,”.

Cynthia E. Grigsby,
Acting Chief, Publications and Regulations Branch,
Legal Processing Division,
Associate Chief Counsel
(Procedure and Administration)
.

Note

(Filed by the Office of the Federal Register on March 22, 2004, 8:45 a.m., and published in the issue of the Federal Register for March 23, 2004, 69 F.R. 13473)

Announcement 2004-40

Notional Principal Contracts; Contingent Nonperiodic Payments; Correction

AGENCY:

Internal Revenue Service (IRS), Treasury.

ACTION:

Correction to notice of proposed rulemaking and notice of public hearing.

SUMMARY:

This document contains corrections to proposed regulations (REG-166012-02, 2004-13 I.R.B. 655) that were published in the Federal Register on February 26, 2004 (69 FR 8886) that relate to the inclusion into income or deduction of a contingent nonperiodic payment provided for under a notional principal contract (NPC).

FOR FURTHER INFORMATION CONTACT:

Kate Sleeth, (202) 622-3920 (not toll-free number).

SUPPLEMENTARY INFORMATION:

Background

The notice of proposed rulemaking and notice of public hearing that are the subject of these corrections are under section 446 of the Internal Revenue Code.

Need for Correction

As published, the notice of proposed rulemaking and notice of public hearing (REG-166012-02) contain errors that may prove to be misleading and are in need of clarification.

Correction of Publication

Accordingly, the publication of the notice of proposed rulemaking and notice of public hearing (REG-166012-02), which were the subject of FR Doc. 04-4151, are corrected as follows:

1. On page 8886, column 1, in the heading, the subject line “National Principle Contracts; Contingent Nonperiodic Payments” is corrected to read “Notional Principle Contracts; Contingent Nonperiodic Payments”.

§1.446-3 [Corrected]

2. On page 8897, column 1, paragraph (v) of §1.446-3(g)(7), Example 8, line 7, the language “($734,347-363,693), the difference between” is corrected to read “($734,347-$363,693), the difference between”.

3. On page 8897, column 1, paragraph (viii) of §1.446-3(g)(7), Example 8, line 3, the language “at 11.0% times $5,000,000, or $5,500,000. W” is corrected to read “at 11.0% times $50,000,000, or $5,500,000. W”.

Cynthia E. Grigsby,
Acting Chief, Publications and Regulations Branch,
Legal Processing Division,
Associate Chief Counsel
(Procedure and Administration)
.

Announcement 2004-42

Credit for Producing Fuel From a Nonconventional Source

On April 5, 2004, the Internal Revenue Service released, in advance of publication, Rev. Proc. 2004-27, which allows certain owners of royalty interests (RI Owners) to claim the credit for producing fuel from a nonconventional source under § 29 of the Internal Revenue Code in the taxable year (including a 2003 taxable year) in which they receive the income from the sale of qualified fuel, rather than in a prior taxable year in which the owner of the operating interest sold the qualified fuel. The version of Rev. Proc. 2004-47 that was advance released applied only to RI Owners using the cash receipts and disbursements method of accounting. The Service has since determined that it is appropriate to extend the relief granted in Rev. Proc. 2004-27 to taxpayers using an accrual method of accounting. Accordingly, Rev. Proc. 2004-27 as published in this Bulletin differs from the version that was advance released in that all references therein to the cash method of accounting have been removed.

For further information regarding this announcement, contact Jaime Park at (202) 622-3120 (not a toll-free call).

Definition of Terms and Abbreviations

Definition of Terms

Amplified describes a situation where no change is being made in a prior published position, but the prior position is being extended to apply to a variation of the fact situation set forth therein. Thus, if an earlier ruling held that a principle applied to A, and the new ruling holds that the same principle also applies to B, the earlier ruling is amplified. (Compare with modified, below).

Clarified is used in those instances where the language in a prior ruling is being made clear because the language has caused, or may cause, some confusion. It is not used where a position in a prior ruling is being changed.

Distinguished describes a situation where a ruling mentions a previously published ruling and points out an essential difference between them.

Modified is used where the substance of a previously published position is being changed. Thus, if a prior ruling held that a principle applied to A but not to B, and the new ruling holds that it applies to both A and B, the prior ruling is modified because it corrects a published position. (Compare with amplified and clarified, above).

Obsoleted describes a previously published ruling that is not considered determinative with respect to future transactions. This term is most commonly used in a ruling that lists previously published rulings that are obsoleted because of changes in laws or regulations. A ruling may also be obsoleted because the substance has been included in regulations subsequently adopted.

Revoked describes situations where the position in the previously published ruling is not correct and the correct position is being stated in a new ruling.

Superseded describes a situation where the new ruling does nothing more than restate the substance and situation of a previously published ruling (or rulings). Thus, the term is used to republish under the 1986 Code and regulations the same position published under the 1939 Code and regulations. The term is also used when it is desired to republish in a single ruling a series of situations, names, etc., that were previously published over a period of time in separate rulings. If the new ruling does more than restate the substance of a prior ruling, a combination of terms is used. For example, modified and superseded describes a situation where the substance of a previously published ruling is being changed in part and is continued without change in part and it is desired to restate the valid portion of the previously published ruling in a new ruling that is self contained. In this case, the previously published ruling is first modified and then, as modified, is superseded.

Supplemented is used in situations in which a list, such as a list of the names of countries, is published in a ruling and that list is expanded by adding further names in subsequent rulings. After the original ruling has been supplemented several times, a new ruling may be published that includes the list in the original ruling and the additions, and supersedes all prior rulings in the series.

Suspended is used in rare situations to show that the previous published rulings will not be applied pending some future action such as the issuance of new or amended regulations, the outcome of cases in litigation, or the outcome of a Service study.

Revenue rulings and revenue procedures (hereinafter referred to as “rulings”) that have an effect on previous rulings use the following defined terms to describe the effect:

Abbreviations

The following abbreviations in current use and formerly used will appear in material published in the Bulletin.

A—Individual.

Acq.—Acquiescence.

B—Individual.

BE—Beneficiary.

BK—Bank.

B.T.A.—Board of Tax Appeals.

C—Individual.

C.B.—Cumulative Bulletin.

CFR—Code of Federal Regulations.

CI—City.

COOP—Cooperative.

Ct.D.—Court Decision.

CY—County.

D—Decedent.

DC—Dummy Corporation.

DE—Donee.

Del. Order—Delegation Order.

DISC—Domestic International Sales Corporation.

DR—Donor.

E—Estate.

EE—Employee.

E.O.—Executive Order.

ER—Employer.

ERISA—Employee Retirement Income Security Act.

EX—Executor.

F—Fiduciary.

FC—Foreign Country.

FICA—Federal Insurance Contributions Act.

FISC—Foreign International Sales Company.

FPH—Foreign Personal Holding Company.

F.R.—Federal Register.

FUTA—Federal Unemployment Tax Act.

FX—Foreign corporation.

G.C.M.—Chief Counsel's Memorandum.

GE—Grantee.

GP—General Partner.

GR—Grantor.

IC—Insurance Company.

I.R.B.—Internal Revenue Bulletin.

LE—Lessee.

LP—Limited Partner.

LR—Lessor.

M—Minor.

Nonacq.—Nonacquiescence.

O—Organization.

P—Parent Corporation.

PHC—Personal Holding Company.

PO—Possession of the U.S.

PR—Partner.

PRS—Partnership.

PTE—Prohibited Transaction Exemption.

Pub. L.—Public Law.

REIT—Real Estate Investment Trust.

Rev. Proc.—Revenue Procedure.

Rev. Rul.—Revenue Ruling.

S—Subsidiary.

S.P.R.—Statement of Procedural Rules.

Stat.—Statutes at Large.

T—Target Corporation.

T.C.—Tax Court.

T.D. —Treasury Decision.

TFE—Transferee.

TFR—Transferor.

T.I.R.—Technical Information Release.

TP—Taxpayer.

TR—Trust.

TT—Trustee.

U.S.C.—United States Code.

X—Corporation.

Y—Corporation.

Z —Corporation.

Numerical Finding List

Numerical Finding List

A cumulative list of all revenue rulings, revenue procedures, Treasury decisions, etc., published in Internal Revenue Bulletins 2003-27 through 2003-52 is in Internal Revenue Bulletin 2003-52, dated December 29, 2003.

Bulletins 2004-1 through 2004-17

Announcements

Article Issue Link Page
2004-1 2004-1 I.R.B. 2004-1 254
2004-2 2004-3 I.R.B. 2004-3 322
2004-3 2004-2 I.R.B. 2004-2 294
2004-4 2004-4 I.R.B. 2004-4 357
2004-5 2004-4 I.R.B. 2004-4 362
2004-6 2004-3 I.R.B. 2004-3 322
2004-7 2004-4 I.R.B. 2004-4 365
2004-8 2004-6 I.R.B. 2004-6 441
2004-9 2004-6 I.R.B. 2004-6 441
2004-10 2004-7 I.R.B. 2004-7 501
2004-11 2004-10 I.R.B. 2004-10 581
2004-12 2004-9 I.R.B. 2004-9 541
2004-13 2004-9 I.R.B. 2004-9 543
2004-14 2004-10 I.R.B. 2004-10 582
2004-15 2004-11 I.R.B. 2004-11 612
2004-16 2004-13 I.R.B. 2004-13 668
2004-17 2004-12 I.R.B. 2004-12 635
2004-18 2004-12 I.R.B. 2004-12 639
2004-19 2004-13 I.R.B. 2004-13 668
2004-20 2004-13 I.R.B. 2004-13 673
2004-21 2004-13 I.R.B. 2004-13 673
2004-22 2004-14 I.R.B. 2004-14 709
2004-23 2004-13 I.R.B. 2004-13 673
2004-24 2004-14 I.R.B. 2004-14 714
2004-25 2004-15 I.R.B. 2004-15 737
2004-26 2004-15 I.R.B. 2004-15 743
2004-27 2004-14 I.R.B. 2004-14 714
2004-28 2004-16 I.R.B. 2004-16 818
2004-29 2004-15 I.R.B. 2004-15 772
2004-30 2004-17 I.R.B. 2004-17  
2004-35 2004-17 I.R.B. 2004-17  
2004-37 2004-17 I.R.B. 2004-17  
2004-39 2004-17 I.R.B. 2004-17  
2004-40 2004-17 I.R.B. 2004-17  
2004-42 2004-17 I.R.B. 2004-17  

 

Court Decisions

Article Issue Link Page
2078 2004-16 I.R.B. 2004-16 773

 

Notices

Article Issue Link Page
2004-1 2004-2 I.R.B. 2004-2 268
2004-2 2004-2 I.R.B. 2004-2 269
2004-3 2004-5 I.R.B. 2004-5 391
2004-4 2004-2 I.R.B. 2004-2 273
2004-5 2004-7 I.R.B. 2004-7 489
2004-6 2004-3 I.R.B. 2004-3 308
2004-7 2004-3 I.R.B. 2004-3 310
2004-8 2004-4 I.R.B. 2004-4 333
2004-9 2004-4 I.R.B. 2004-4 334
2004-10 2004-6 I.R.B. 2004-6 433
2004-11 2004-6 I.R.B. 2004-6 434
2004-12 2004-10 I.R.B. 2004-10 556
2004-13 2004-12 I.R.B. 2004-12 631
2004-14 2004-9 I.R.B. 2004-9 526
2004-15 2004-9 I.R.B. 2004-9 526
2004-16 2004-9 I.R.B. 2004-9 527
2004-17 2004-11 I.R.B. 2004-11 605
2004-18 2004-11 I.R.B. 2004-11 605
2004-19 2004-11 I.R.B. 2004-11 606
2004-20 2004-11 I.R.B. 2004-11 608
2004-21 2004-11 I.R.B. 2004-11 609
2004-22 2004-12 I.R.B. 2004-12 632
2004-23 2004-15 I.R.B. 2004-15 725
2004-24 2004-13 I.R.B. 2004-13 642
2004-25 2004-15 I.R.B. 2004-15 727
2004-26 2004-16 I.R.B. 2004-16 782
2004-27 2004-16 I.R.B. 2004-16 782
2004-28 2004-16 I.R.B. 2004-16 783
2004-29 2004-17 I.R.B. 2004-17  
2004-30 2004-17 I.R.B. 2004-17  
2004-31 2004-17 I.R.B. 2004-17  

 

Proposed Regulations

Article Issue Link Page
106590-00 2004-14 I.R.B. 2004-14 704
116664-01 2004-3 I.R.B. 2004-3 319
122379-02 2004-5 I.R.B. 2004-5 392
139845-02 2004-5 I.R.B. 2004-5 397
165579-02 2004-13 I.R.B. 2004-13 651
166012-02 2004-13 I.R.B. 2004-13 655
115471-03 2004-14 I.R.B. 2004-14 706
121475-03 2004-16 I.R.B. 2004-16 793
126459-03 2004-6 I.R.B. 2004-6 437
126967-03 2004-10 I.R.B. 2004-10 566
128309-03 2004-16 I.R.B. 2004-16 800
149752-03 2004-14 I.R.B. 2004-14 707
153172-03 2004-15 I.R.B. 2004-15 729
156232-03 2004-5 I.R.B. 2004-5 399
156421-03 2004-10 I.R.B. 2004-10 571
167217-03 2004-9 I.R.B. 2004-9 540
167265-03 2004-15 I.R.B. 2004-15 730

 

Revenue Procedures

Article Issue Link Page
2004-1 2004-1 I.R.B. 2004-1 1
2004-2 2004-1 I.R.B. 2004-1 83
2004-3 2004-1 I.R.B. 2004-1 114
2004-4 2004-1 I.R.B. 2004-1 125
2004-5 2004-1 I.R.B. 2004-1 167
2004-6 2004-1 I.R.B. 2004-1 197
2004-7 2004-1 I.R.B. 2004-1 237
2004-8 2004-1 I.R.B. 2004-1 240
2004-9 2004-2 I.R.B. 2004-2 275
2004-10 2004-2 I.R.B. 2004-2 288
2004-11 2004-3 I.R.B. 2004-3 311
2004-12 2004-9 I.R.B. 2004-9 528
2004-13 2004-4 I.R.B. 2004-4 335
2004-14 2004-7 I.R.B. 2004-7 489
2004-15 2004-7 I.R.B. 2004-7 490
2004-16 2004-10 I.R.B. 2004-10 559
2004-17 2004-10 I.R.B. 2004-10 562
2004-18 2004-9 I.R.B. 2004-9 529
2004-19 2004-10 I.R.B. 2004-10 563
2004-20 2004-13 I.R.B. 2004-13 642
2004-21 2004-14 I.R.B. 2004-14 702
2004-22 2004-15 I.R.B. 2004-15 727
2004-23 2004-16 I.R.B. 2004-16 785
2004-24 2004-16 I.R.B. 2004-16 790
2004-25 2004-16 I.R.B. 2004-16 791
2004-27 2004-17 I.R.B. 2004-17  

 

Revenue Rulings

Article Issue Link Page
2004-1 2004-4 I.R.B. 2004-4 325
2004-2 2004-2 I.R.B. 2004-2 265
2004-3 2004-7 I.R.B. 2004-7 486
2004-4 2004-6 I.R.B. 2004-6 414
2004-5 2004-3 I.R.B. 2004-3 295
2004-6 2004-4 I.R.B. 2004-4 328
2004-7 2004-4 I.R.B. 2004-4 327
2004-8 2004-10 I.R.B. 2004-10 544
2004-9 2004-6 I.R.B. 2004-6 428
2004-10 2004-7 I.R.B. 2004-7 484
2004-11 2004-7 I.R.B. 2004-7 480
2004-12 2004-7 I.R.B. 2004-7 478
2004-13 2004-7 I.R.B. 2004-7 485
2004-14 2004-8 I.R.B. 2004-8 511
2004-15 2004-8 I.R.B. 2004-8 515
2004-16 2004-8 I.R.B. 2004-8 503
2004-17 2004-8 I.R.B. 2004-8 516
2004-18 2004-8 I.R.B. 2004-8 509
2004-19 2004-8 I.R.B. 2004-8 510
2004-20 2004-10 I.R.B. 2004-10 546
2004-21 2004-10 I.R.B. 2004-10 544
2004-22 2004-10 I.R.B. 2004-10 553
2004-23 2004-11 I.R.B. 2004-11 585
2004-24 2004-10 I.R.B. 2004-10 550
2004-25 2004-11 I.R.B. 2004-11 587
2004-26 2004-11 I.R.B. 2004-11 598
2004-27 2004-12 I.R.B. 2004-12 625
2004-28 2004-12 I.R.B. 2004-12 624
2004-29 2004-12 I.R.B. 2004-12 627
2004-30 2004-12 I.R.B. 2004-12 622
2004-31 2004-12 I.R.B. 2004-12 617
2004-32 2004-12 I.R.B. 2004-12 621
2004-33 2004-12 I.R.B. 2004-12 628
2004-34 2004-12 I.R.B. 2004-12 619
2004-35 2004-13 I.R.B. 2004-13 640
2004-36 2004-12 I.R.B. 2004-12 620
2004-37 2004-11 I.R.B. 2004-11 583
2004-38 2004-15 I.R.B. 2004-15 717
2004-39 2004-14 I.R.B. 2004-14 700
2004-40 2004-15 I.R.B. 2004-15 716
2004-42 2004-17 I.R.B. 2004-17  

 

Tax Conventions

Old Article Action New Article Issue Link Page
2004-3   2004-3 2004-7 I.R.B. 2004-7 486

 

Treasury Decisions

Article Issue Link Page
9099 2004-2 I.R.B. 2004-2 255
9100 2004-3 I.R.B. 2004-3 297
9101 2004-5 I.R.B. 2004-5 376
9102 2004-5 I.R.B. 2004-5 366
9103 2004-3 I.R.B. 2004-3 306
9104 2004-6 I.R.B. 2004-6 406
9105 2004-6 I.R.B. 2004-6 419
9106 2004-5 I.R.B. 2004-5 384
9107 2004-7 I.R.B. 2004-7 447
9108 2004-6 I.R.B. 2004-6 429
9109 2004-8 I.R.B. 2004-8 519
9110 2004-8 I.R.B. 2004-8 504
9111 2004-8 I.R.B. 2004-8 518
9112 2004-9 I.R.B. 2004-9 523
9113 2004-9 I.R.B. 2004-9 524
9114 2004-11 I.R.B. 2004-11 589
9115 2004-14 I.R.B. 2004-14 680
9116 2004-14 I.R.B. 2004-14 674
9117 2004-15 I.R.B. 2004-15 721
9118 2004-15 I.R.B. 2004-15 718
9119 2004-17 I.R.B. 2004-17  

 

Effect of Current Actions on Previously Published Items

Findings List of Current Actions on Previously Published Items

A cumulative list of current actions on previously published items in Internal Revenue Bulletins 2003-27 through 2003-52 is in Internal Revenue Bulletin 2003-52, dated December 29, 2003.

Bulletins 2004-1 through 2004-17

Announcements

Old Article Action New Article Issue Link Page
93-60 Obsoleted by Rev. Proc. 2004-23 2004-16 I.R.B. 2004-16 785
2003-56 Modified by Ann. 2004-11 2004-10 I.R.B. 2004-10 581

 

Notices

Old Article Action New Article Issue Link Page
98-5 Withdrawn by Notice 2004-19 2004-11 I.R.B. 2004-11 606
2000-4 Obsoleted by T.D. 9115 2004-14 I.R.B. 2004-14 680
2003-76 Modified by Notice 2004-19 2004-11 I.R.B. 2004-11 606
2004-2 Modified by Notice 2004-25 2004-15 I.R.B. 2004-15 727

 

Proposed Regulations

Old Article Action New Article Issue Link Page
110896-98 Corrected by Ann. 2004-14 2004-10 I.R.B. 2004-10 582
115037-00 Corrected by Ann. 2004-7 2004-4 I.R.B. 2004-4 365
138499-02 Partially withdrawn by REG-106590-00 2004-14 I.R.B. 2004-14 704
143321-02 Withdrawn by REG-156232-03 2004-5 I.R.B. 2004-5 399
146893-02 Corrected by Ann. 2004-7 2004-4 I.R.B. 2004-4 365
163974-02 Corrected by Ann. 2004-13 2004-9 I.R.B. 2004-9 543
166012-02 Corrected by Ann. 2004-40 2004-17 I.R.B. 2004-17  

 

Revenue Procedures

Old Article Action New Article Issue Link Page
87-19 Obsoleted in part by Rev. Proc. 2004-18 2004-9 I.R.B. 2004-9 529
93-15 Obsoleted in part by Rev. Proc. 2004-18 2004-9 I.R.B. 2004-9 529
94-41 Superseded by Rev. Proc. 2004-15 2004-7 I.R.B. 2004-7 490
94-55 Obsoleted in part by Rev. Proc. 2004-18 2004-9 I.R.B. 2004-9 529
98-16 Suspended by Notice 2004-12 2004-10 I.R.B. 2004-10 556
2000-38 Modified by Rev. Proc. 2004-11 2004-3 I.R.B. 2004-3 311
2000-50 Modified by Rev. Proc. 2004-11 2004-3 I.R.B. 2004-3 311
2001-10 Modified by Ann. 2004-16 2004-13 I.R.B. 2004-13 668
2001-23 Modified by Ann. 2004-16 2004-13 I.R.B. 2004-13 668
2002-9 Modified and amplified by Rev. Rul. 2004-18 2004-8 I.R.B. 2004-8 509
2002-9 Modified and amplified by Rev. Proc. 2004-23 2004-16 I.R.B. 2004-16 785
2002-9 Modified by Rev. Proc. 2004-11 2004-3 I.R.B. 2004-3 311
2002-9 Modified by Ann. 2004-16 2004-13 I.R.B. 2004-13 668
2002-28 Modified by Ann. 2004-16 2004-13 I.R.B. 2004-13 668
2002-71 Superseded by Rev. Proc. 2004-13 2004-4 I.R.B. 2004-4 335
2003-1 Superseded by Rev. Proc. 2004-1 2004-1 I.R.B. 2004-1 1
2003-2 Superseded by Rev. Proc. 2004-2 2004-1 I.R.B. 2004-1 83
2003-3 As amplified by Rev. Proc. 2003-14, and as modified by Rev. Proc. 2003-48 superseded by Rev. Proc. 2004-3 2004-1 I.R.B. 2004-1 114
2003-4 Superseded by Rev. Proc. 2004-4 2004-1 I.R.B. 2004-1 125
2003-5 Superseded by Rev. Proc. 2004-5 2004-1 I.R.B. 2004-1 167
2003-6 Superseded by Rev. Proc. 2004-6 2004-1 I.R.B. 2004-1 197
2003-7 Superseded by Rev. Proc. 2004-7 2004-1 I.R.B. 2004-1 237
2003-8 Superseded by Rev. Proc. 2004-8 2004-1 I.R.B. 2004-1 240
2003-23 Modified and superseded by Rev. Proc. 2004-14 2004-7 I.R.B. 2004-7 489
2003-26 Supplemented by Rev. Proc. 2004-17 2004-10 I.R.B. 2004-10 562
2003-29 Obsoleted, except as provided in section 5.02, by Rev. Proc. 2004-24 2004-16 I.R.B. 2004-16 790
2003-64 Modified by Rev. Proc. 2004-21 2004-14 I.R.B. 2004-14 702
2004-1 Corrected by Ann. 2004-8 2004-6 I.R.B. 2004-6 441
2004-4 Modified by Rev. Proc. 2004-15 2004-7 I.R.B. 2004-7 490
2004-5 Modified by Rev. Proc. 2004-15 2004-7 I.R.B. 2004-7 490
2004-6 Modified by Rev. Proc. 2004-15 2004-7 I.R.B. 2004-7 490

 

Revenue Rulings

Old Article Action New Article Issue Link Page
55-748 Modified and superseded by Rev. Rul. 2004-20 2004-10 I.R.B. 2004-10 546
92-19 Supplemented in part by Rev. Rul. 2004-14 2004-8 I.R.B. 2004-8 511
94-38 Clarified by Rev. Rul. 2004-18 2004-8 I.R.B. 2004-8 509
98-25 Clarified by Rev. Rul. 2004-18 2004-8 I.R.B. 2004-8 509
2004-38 Modified by Rev. Proc. 2004-22 2004-15 I.R.B. 2004-15 727

 

Treasury Decisions

Old Article Action New Article Issue Link Page
9088 Corrected by Ann. 2004-39 2004-17 I.R.B. 2004-17  

 

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