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Internal Revenue Bulletin:  2003-28 

July 14, 2003 


Asset Calculation Sheet
Taxable year upon which this calculation is based:    
Is this calculation based upon full year actual orannualized figures?(See Section 4.04(4)(c) of this revenue procedure)    
  Gross Premiums    
    Less return premiums and
premiums paid for reinsurance
  Investment income    
  Total gross income of electing corporation    
  10% of gross income of electing corporation    
  Total assets of (electing corporation or U.S. Affiliate) held in the United States    


The principal author of this revenue procedure is Alexandra K. Helou of the Office of the Associate Chief Counsel (International). For further information regarding this revenue procedure, contact Ms. Helou at (202) 622-3840 (not a toll-free number). For further information concerning the processing of an election under section 953(d), contact Technical Services Group Manager in Plantation, FL, at (954) 423-7344 (not a toll-free number).

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