Ct. D. 2073

United States. Internal Revenue Bulletin, April, 2002 by Anonymous

Rate Under Section 7520 for April 2002

Applicable federal rate for determining the present value of an annuity, an interest for life or a term of years, or a remainder or reversionary interest

5.6%

Section 1288.-Treatment of Original Issue Discounts on Tax-Exempt Obligations

The adjusted applicable federal short-term, midterm, and long-term rates are set forth for the month of April 2002. See Rev. Rul. 2002-17, page 716.

Section 1361.-S Corporation Defined

26 CFR 1.1361-1: S Corporation defined

Under what conditions will the Internal Revenue Service consider a request for a ruling that an undivided interest in rental real property (other than a mineral property as defined in 614) is not an interest in a business entity within the...

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