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Internal Revenue Bulletin:  2003-27 

July 7, 2003 


Table of Contents

T.D. 9061 T.D. 9061


Final, temporary, and proposed regulations under section 6081 of the Code provide an automatic extension of time to file certain information returns and exempt organization returns. The temporary regulations remove the requirement for a signature and an explanation to obtain an automatic extension of time to file these returns.

Rev. Proc. 2003-45 Rev. Proc. 2003-45

LIFO; methods of accounting; automatic consent. For certain accounting method changes within the inventory price index computation (IPIC) method of accounting for last-in, first-out (LIFO) inventories, the 5-year prior change scope limitation in section 4.02(6) of Rev. Proc. 2002-9, 2002-1 C.B. 327, is waived. Rev. Proc. 2002-9 modified.

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