Internal Revenue Bulletin:  2003-35 

September 2, 2003 


Table of Contents

Taxpayers may receive a tax credit for certain expenses incurred in conducting qualified research. Proposed regulations under section 41 of the Code provide guidance on the proper method for computing and allocating the research credit for members of a controlled group of corporations or a group of trades or businesses under common control. A public hearing is scheduled for November 13, 2003. REG-105606-99 withdrawn.

REG-162625-02 REG-162625-02

Proposed regulations under section 446 of the Code set out rules relating to the proper timing and source of income of fees received to induce the acquisition of noneconomic residual interests in REMICs. A public hearing is scheduled for November 18, 2003.

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