Tax Ruling—Not Procedure.

BY LYNN KRAUSSE

More Clarification on 1031 Exchanges ” ( JofA , Jun.03, page 83) refers several times to “revenue procedure 2002-83.” The article states that the revenue procedure was issued in December 2002. In fact, there is no revenue procedure 2002-83.

There is a revenue ruling 2002-83, issued in November 2002, which the article discusses.

Lynn Krausse, CPA
Professor, Business
Bakersfield College
Bakersfield, California

SPONSORED REPORT

Get your clients ready for tax season

These year-end tax planning strategies address recent tax law changes enacted to help taxpayers deal with the pandemic, such as tax credits for sick leave and family leave and new rules for retirement plan distributions, as well as techniques for putting your clients in the best possible tax position.

RESOURCES

Keeping you informed and prepared amid the coronavirus crisis

We’re gathering the latest news stories along with relevant columns, tips, podcasts, and videos on this page, along with curated items from our archives to help with uncertainty and disruption.