Internal Revenue Bulletin 2004-41 (PDF rendition): IRS Revenue Procedures

Preserve advance releases and the authoritative Internal Revenue Bulletin rendition; directory timestamps are file-publication metadata, not legal effective dates. HTML bulletins begin June 2003; earlier available issues require full PDF parsing. Whole bulletin rendition: numbered items are identified below; other legal material and publisher context remain included. This is not a new standalone advance release.

Bulletin No. 200
4-41
October 12, 2004
HIGHLIGHTS
OF THIS ISSUE
These synopses are intended only as aids to the reader in
identifying the subject matter covered. They may not be
relied upon as authoritative interpretations.
INCOME TAX
Rev. Rul. 2004–96, page 593.
Federal rates; adjusted federal rates; adjusted federal
long-term rate and the long-term exempt rate.For pur-
poses of sections 382, 642, 1274, 1288, and other sections
of the Code, tables set forth the rates for October 2004.
Notice 200
4–61, page 596.
This notic
e describes the transition period for purposes of sec-
tions 7702
and 7702A of the Code from the 1980 Commis-
sioners St
andard Ordinary mortality tables (CSO tables) to the
2001 CSO t
ables that are to be used by issuers of life insur-
ance prod
ucts. Notice 88–128 supplemented.
Notice 2004–63, page 597.
This notice announces that the Service will not assert penalties
for failure to report, under section 6050S of the Code, pay-
ments of loan origination fees and capitalized interest received
in calendar year 2004 on qualified education loans made on or
after September 1, 2004.
Notice 2004–65, page 599.
This document modifies Notice 2002–70, 2002–2 C.B. 765,
and Notice 2003–76, 2003–49 I.R.B. 1181, to remove certain
reinsurance arrangements, which involve producer owned rein-
surance companies (PORCs) from those identified as a “listed
transaction,” and notifies taxpayers that the Service will con-
tinue to scrutinize such arrangements. Notices 2002–70 and
2003–76 modified.
EMPLOYEE PLANS
Announcement 2004–72, page 650.
Nonbank trustees; section 1.408–2(e) of the regulations.
This announcement contains a list of entities previously ap-
proved to act as nonbank trustees and nonbank custodians
within the meaning of section 1.408–2(e) of the regulations.
In addition, the announcement contains instructions on how er-
rors in the list may be corrected. Announcement 2003–54
updated and superseded.
Announce
ment 2004–80, page 663.
Form 5500
; Schedule B; actuarial data.This announce-
ment clar
ifies the instructions to line 8c of the 2003 Schedule
BofForm5
500.
EXEMPT ORGANIZATIONS
Notice 2004–64, page 598.
This notice alerts taxpayers to recent amendments to section
501(c)(15) of the Code that may affect the qualification of enti-
ties as tax-exempt property and casualty insurance companies
described in section 501(c)(15). The notice advises taxpayers
that the Service will continue to scrutinize the eligibility of enti-
ties claiming to be tax-exempt property and casualty insurance
companies.
(Continued on the next page)
Actions Relating to Court Decisions is on the page following the Introduction.
Fi
nding Lists begin on page ii.

EXCISE TAX
Announcement 2004–77, page 662.
This document states that relief from the section 6715 penalty
for highway use of dyed diesel fuel in Florida is extended until
October 5, 2004. Announcement 2004–70 amended.
ADMINISTRATIVE
Notice 2004–67, page 600.
This notice sets out transactions that have been identified by
the Department of the Treasury and the IRS as “listed transac-
tions” for purposes of the regulations under sections 6011 and
6111 of the Code. Notice 2003–76 supplemented and super-
seded.
Rev. Proc. 2004–58, page 602.
General rules and specifications for private printing of
substitute forms.This procedure provides requirements for
reproducing paper substitutes and for furnishing substitute
recipient statements for Forms 1096, 1098, 1099, 5498,
W–2G, and 1042–S. It will be reproduced as the next revision
of Publication 1179. Rev. Proc. 2003–28 superseded.
Announceme
nt 2004–79, page 662.
This announ
cement states that Publication 1187,Specifica-
tions for Fi
ling Forms 1042–S,Foreign Person’s U.S. Source In-
come Subje
ct to Withholding, Electronically or Magnetically,will
not be revi
sed by the beginning of the testing season Novem-
ber 1 throu
gh December 15, 2004, and details changes to the
publicati
on so filers may submit a test file.
October 12, 20042004–41 I.R.B.

The IRS Mission
Provide America’s taxpayers top quality service by helping
them understand and meet their tax responsibilities and by
applying the tax law with integrity and fairness to all.
Introduction
The Internal Revenue Bulletin is the authoritative instrument of
the Commissioner of Internal Revenue for announcing official
rulings and procedures of the Internal Revenue Service and for
publishing Treasury Decisions, Executive Orders, Tax Conven-
tions, legislation, court decisions, and other items of general
interest. It is published weekly and may be obtained from the
Superintendent of Documents on a subscription basis. Bulletin
contents are compiled semiannually into Cumulative Bulletins,
which are sold on a single-copy basis.
It is the policy of the Service to publish in the Bulletin all sub-
stantive rulings necessary to promote a uniform application of
the tax laws, including all rulings that supersede, revoke, mod-
ify, or amend any of those previously published in the Bulletin.
All published rulings apply retroactively unless otherwise indi-
cated. Procedures relating solely to matters of internal man-
agement are not published; however, statements of internal
practices and procedures that affect the rights and duties of
taxpayers are published.
Revenue rulings represent the conclusions of the Service on the
application of the law to the pivotal facts stated in the revenue
ruling. In those based on positions taken in rulings to taxpayers
or technical advice to Service field offices, identifying details
and information of a confidential nature are deleted to prevent
unwarranted invasions of privacy and to comply with statutory
requirements.
Rulings and procedures reported in the Bulletin do not have the
force and effect of Treasury Department Regulations, but they
may be used as precedents. Unpublished rulings will not be
relied on, used, or cited as precedents by Service personnel in
the disposition of other cases. In applying published rulings and
procedures, the effect of subsequent legislation, regulations,
court decisions, rulings, and procedures must be considered,
and Service personnel and others concerned are cautioned
against reaching the same conclusions in other cases unless
the facts and circumstances are substantially the same.
The Bulletin is divided into four parts as follows:
Part I.—19
86 Code.
This part i
ncludes rulings and decisions based on provisions of
the Intern
al Revenue Code of 1986.
Part II.—Treaties and Tax Legislation.
This part is divided into two subparts as follows: Subpart A,
Tax Conventions and Other Related Items, and Subpart B, Leg-
islation and Related Committee Reports.
Part III.—Administrative, Procedural, and Miscellaneous.
To the extent practicable, pertinent cross references to these
subjects are contained in the other Parts and Subparts. Also
included in this part are Bank Secrecy Act Administrative Rul-
ings. Bank Secrecy Act Administrative Rulings are issued by
the Department of the Treasury’s Office of the Assistant Sec-
retary (Enforcement).
Part IV
.—Items of General Interest.
This par
t includes notices of proposed rulemakings, disbar-
ment an
d suspension lists, and announcements.
The last Bulletin for each month includes a cumulative index
for the matters published during the preceding months. These
monthly indexes are cumulated on a semiannual basis, and are
published in the last Bulletin of each semiannual period.
The c
ontents of this publication are not copyrighted and may be reprinted freely. A citation of the Internal Revenue Bulletin as the source would be appropriate.
For sale by the Superintendent of Documents, U.S.Government Printing Office, Washington, DC 20402.
2004–41 I.R.B.October 12, 2004

Actions Relating to Decisions of the Tax Court
It is the policy of the Internal Rev-
enue Service to announce at an early date
whether it will follow the holdings in cer-
tain cases. An Action on Decision is the
document making such an announcement.
An Action on Decision will be issued at
the discretion of the Service only on unap-
pealed issues decided adverse to the gov-
ernment. Generally, an Action on Decision
is issued where its guidance would be help-
ful to Service personnel working with the
same or similar issues. Unlike a Treasury
Regulation or a Revenue Ruling, an Action
on Decision is not an affirmative statement
of Service position. It is not intended to
serve as public guidance and may not be
cited as precedent.
Actions on Decisions shall be relied
upon within the Service only as conclu-
sions applying the law to the facts in the
particular case at the time the Action on
Decision was issued. Caution should be
exercised in extending the recommenda-
tion of the Action on Decision to similar
cases where the facts are different. More-
over, the recommendation in the Action on
Decision may be superseded by new legis-
lation, regulations, rulings, cases, or Ac-
tions on Decisions.
Prior to 1991, the Service published
acquiescence or nonacquiescence only in
certain regular Tax Court opinions. The
Service has expanded its acquiescence
program to include other civil tax cases
where guidance is determined to be help-
ful. Accordingly, the Service now may
acquiesce or nonacquiesce in the holdings
of memorandum Tax Court opinions, as
well as those of the United States District
Courts, Claims Court, and Circuit Courts
of Appeal. Regardless of the court decid-
ing the case, the recommendation of any
Action on Decision will be published in
the Internal Revenue Bulletin.
The recommendation in every Action
on Decision will be summarized as ac-
quiescence, acquiescence in result only,
or nonacquiescence. Both “acquiescence”
and “acquiescence in result only” mean
that the Service accepts the holding of
the court in a case and that the Service
will follow it in disposing of cases with
the same controlling facts. However, “ac-
quiescence” indicates neither approval
nor disapproval of the reasons assigned
by the court for its conclusions; whereas,
“acquiescence in result only” indicates
disagreement or concern with some or all
of those reasons. “Nonacquiescence” sig-
nifies that, although no further review was
sought, the Service does not agree with
the holding of the court and, generally,
will not follow the decision in disposing
of cases involving other taxpayers. In
reference to an opinion of a circuit court
of appeals, a “nonacquiescence” indicates
that the Service willnot follow the hold-
ing on a nationwide basis. However, the
Service will recognize the precedential
impact of the opinion on cases arising
within the venue of the deciding circuit.
The Actions on Decisions published in
the weekly Internal Revenue Bulletin are
consolidated semiannually and appear in
the first Bulletin for July and the Cumula-
tive Bulletin for the first half of the year. A
semiannual consolidation also appears in
the first Bulletin for the following January
and in the Cumulative Bulletin for the last
half of the year.
The Commissioner ACQUIESCES in
the following decision:
United States Internal Revenue
Service v. Donald Snyder,
1
343 F.3d 1171 (9th Cir. 2003)
1
Acquiescence relating to whether the value of a debtor’s interest in a pension plan that is excluded from the bankruptcy estate under Bankruptcy Code section 541(c)(2) should be included
in the value of the Service’s secured claim under Bankruptcy Code section 506(a).
October 12, 20042004–41 I.R.B.

Part I. Rulings and Decisions Under the Internal Revenue Code
of 1986
Section 42.—Low-Income
Housing Credit
The adjusted applicable federal short-term, mid-
term, and long-term rates are set forth for the month
of October 2004. See Rev. Rul. 2004-96, page 593.
Section 280G.—Golden
Parachute Payments
Federal short-term, mid-term, and long-term rates
are set forth for the month of October 2004. See Rev.
Rul. 2004-96, page 593.
Section 382.—Limitation
on Net Operating Loss
Carryforwards and Certain
Built-In Losses Following
Ownership Change
The adjusted applicable federal long-term rate is
set forth for the month of October 2004. See Rev.
Rul. 2004-96, page 593.
Section 412.—Minimum
Funding Standards
The adjusted applicable federal short-term, mid-
term, and long-term rates are set forth for the month
of October 2004. See Rev. Rul. 2004-96, page 593.
Section 4
67.—Certain
Payments
for the Use of
Property or Services
The adjusted applicable federal short-term, mid-
term, and long-term rates are set forth for the month
of October 2004. See Rev. Rul. 2004-96, page 593.
Section 468.—Special
Rules for Mining and Solid
Waste Reclamation and
Closing Costs
The adjusted applicable federal short-term, mid-
term, and long-term rates are set forth for the month
of October 2004. See Rev. Rul. 2004-96, page 593.
Section 482.—Allocation
of Income and Deductions
Among Taxpayers
Federal short-term, mid-term, and long-term rates
are set forth for the month of October 2004. See Rev.
Rul. 2004-96, page 593.
Section 483.—Interest on
Certain Deferred Payments
The adjusted applicable federal short-term, mid-
term, and long-term rates are set forth for the month
of October 2004. See Rev. Rul. 2004-96, page 593.
Section 642.—Special
Rules for Credits and
Deductions
Federal short-term, mid-term, and long-term rates
are set forth for the month of October 2004. See Rev.
Rul. 2004-96, page 593.
Section 807.—Rules for
Certain Reserves
The adjusted applicable federal short-term, mid-
term, and long-term rates are set forth for the month
of October 2004. See Rev. Rul. 2004-96, page 593.
Section
846.—Discounted
Unpaid L
osses Defined
The adju
sted applicable federal short-term, mid-
term, an
d long-term rates are set forth for the month
of Octob
er 2004. See Rev. Rul. 2004-96, page 593.
Section 1274.—Determi-
nation of Issue Price in the
Case of Certain Debt Instru-
ments Issued for Property
(Also, Sections 42, 280G, 382, 412, 467, 468, 482,
483, 642, 807, 846, 1288, 7520, 7872.)
Federal rates; adjusted federal rates;
adjusted federal long-term rate and the
long-term exempt rate.For purposes of
sections 382, 642, 1274, 1288, and other
sections of the Code, tables set forth the
rates for October 2004.
Rev. Rul. 2004–96
This revenue ruling provides various
prescribed rates for federal income tax
purposes for October 2004 (the current
month). Table 1 contains the short-term,
mid-term, and long-term applicable fed-
eral rates (AFR) for the current month
for purposes of section 1274(d) of the
Internal Revenue Code. Table 2 contains
the short-term, mid-term, and long-term
adjusted applicable federal rates (adjusted
AFR) for the current month for purposes
of section 1288(b). Table 3 sets forth the
adjusted federal long-term rate and the
long-term tax-exempt rate described in
section 382(f). Table 4 contains the ap-
propriate percentages for determining the
low-income housing credit described in
section 42(b)(2) for buildings placed in
service during the current month. Finally,
Table 5 contains the federal rate for deter-
mining the present value of an annuity, an
interest for life or for a term of years, or
a remainder or a reversionary interest for
purposes of section 7520.
2004–41 I.R.B.593October 12, 2004

REV. RUL. 2004–96 TABLE 1
Applicable Federal Rates (AFR) for October 2004
Period for Compounding
AnnualSemiannualQuarterlyMonthly
Short-Term
AFR2.26%2.25%2.24%2.24%
110% AFR2.50%2.48%2.47%2.47%
120% AFR2.72%2.70%2.69%2.68%
130% AFR2.95%2.93%2.92%2.91%
Mid-Term
AFR3.62%3.59%3.57%3.56%
110% AFR3.99%3.95%3.93%3.92%
120% AFR4.36%4.31%4.29%4.27%
130% AFR4.72%4.67%4.64%4.63%
150% AFR5.46%5.39%5.35%5.33%
175% AFR6.38%6.28%6.23%6.20%
Long-Term
AFR4.84%4.78%4.75%4.73%
110% AFR5.33%5.26%5.23%5.20%
120% AFR5.82%5.74%5.70%5.67%
130% AFR6.31%6.21%6.16%6.13%
REV. RUL. 2004–96 TABLE 2
Adjusted AFR for October 2004
Period for Compounding
AnnualSemiannualQuarterlyMonthly
Short-term adjusted
AFR
1.57%1.56%1.56%1.55%
Mid-term adjusted AFR2.84%2.82%2.81%2.80%
Long-term adjusted
AFR
4.27%4.23%4.21%4.19%
REV. RUL. 2004–96 TABLE 3
Rates Under Section 382 for October 2004
Adjusted federal long-term rate for the current month4.27%
Long-term tax-exempt rate for ownership changes during the current month (the highest of the adjusted
federal long-term rates for the current month and the prior two months.)4.64%
REV. RUL. 2004–96 TABLE 4
Appropriate Percentages Under Section 42(b)(2) for October 2004
Appropriate percentage for the 70% present value low-income housing credit7.98%
Appropriate percentage for the 30% present value low-income housing credit3.42%
October 12, 20045942004–41 I.R.B.

REV. RUL. 2004–96 TABLE 5
Rate Under Section 7520 for October 2004
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 interest4.4%
Section 1288.—Treatment
of Original Issue Discount
on Tax-Exempt Obligations
The adjusted applicable federal short-term, mid-
term, and long-term rates are set forth for the month
of October 2004. See Rev. Rul. 2004-96, page 593.
Section 7520.—Valuation
Tables
The adjusted applicable federal short-term, mid-
term, and long-term rates are set forth for the month
of October 2004. See Rev. Rul. 2004-96, page 593.
Section 7872.—Treatment
of Loans With Below-Market
Interest Rates
The adjusted applicable federal short-term, mid-
term, and long-term rates are set forth for the month
of October 2004. See Rev. Rul. 2004-96, page 593.
2004–41 I.R.B.595October 12, 2004

Part III. Administrative, Procedural, and Miscellaneous
Guidance Concerning Use
of 2001 CSO Tables Under
Section 7702
Notice 2004–61
SECTION 1. PURPOSE
This notice provides rules interpreting
the reasonable mortality charge require-
ment contained in § 7702(c)(3)(B)(i)
of the Internal Revenue Code. Specif-
ically, this notice supplements Notice
88–128, 1988–2 C.B. 540, by providing
safe harbors regarding the use of either
the 1980 Commissioners’ Standard Or-
dinary mortality and morbidity tables
(1980 CSO tables) or the 2001 Commis-
sioners’ Standard Ordinary mortality and
morbidity tables (2001 CSO tables) by
taxpayers to determine whether mortal-
ity charges are reasonable. These safe
harbors are designed to assist taxpayers
in complying with the requirements of
§ 7702(c)(3)(B)(i).
SECTION 2. BACKGROUND
Section 7702 of the Code defines the
term “life insurance contract” for purposes
of the Code. Section 7702(a) provides
that a “life insurance contract” is any con-
tract that is a life insurance contract under
the applicable law, but only if such con-
tract either (1) meets the cash value ac-
cumulation test of § 7702(b), or (2) both
meets the guideline premium requirements
of § 7702(c) and falls within the cash value
corridor of § 7702(d).
Section 7702(c)(3)(B)(i) provides
that the guideline single premium un-
der § 7702(c) is determined on the basis
of reasonable mortality charges that meet
the requirements (if any) prescribed in
regulations and that (except as provided in
regulations) do not exceed the mortality
charges specified inthe prevailing com-
missioners’ standard tables (as defined in
§ 807(d)(5)) as of the time the contract is
issued. The mortality charges specified
in § 7702(c)(3)(B)(i) are also used for de-
termining the “net single premium” (see
§ 7702(b)(2)(B)), and the “guideline level
premium” (see§ 7702(c)(4)). The same
reasonable mortality charge standard ap-
plies for purposes of determining whether
a life insurance contract is a modified
endowment contract under 7702A (see
§ 7702A(c)(1)(B)).
Section 807(d)(5)(A) provides that the
term “prevailing commissioners’ stan-
dard tables” means, with respect to any
contract, the most recent commissioners’
standard tables prescribed by the National
Association of Insurance Commissioners
(NAIC) that are permitted to be used in
computing reserves for that type of con-
tract under the insurance laws of at least
26 states when the contract was issued.
Section 807(d)(5)(B) provides a 3-year
transition period during which an insurer
may use either the newly prevailing CSO
tables or those that were previously pre-
vailing.
The 2001 CSO tables prescribed by the
NAIC became the prevailing commission-
ers’ standard tables within the meaning
of section 807(d)(5) during calendar year
2004. In each of the states that have
adopted the 2001 CSO tables, the 1980
CSO tables may be used for contracts
issued in calendar years through 2008.
After 2008, use of the 2001 CSO tables
will be mandatory in these states. In states
that have not yet adopted the 2001 CSO
tables, use of the 1980 CSO tables is still
required.
SECTION 3. SAFE HARBORS UNDER
SECTION 7702
Pending publication of additional guid-
ance, the following safe harbors will apply
for purposes of § 7702:
.01Notice 88–128. The interim rules
described in Notice 88–128 remain in ef-
fect, except as otherwise modified by this
notice.
.021980 CSO tables. A mortality
charge with respect to a life insurance
contract will satisfy the requirements of
§ 7702(c)(3)(B)(i) so long as (1) the mor-
tality charge does not exceed 100 percent
of the applicable mortality charge set forth
in the 1980 CSO tables; (2) the mortal-
ity charge does not exceed the mortality
charge specified in the contract at is-
suance; (3) the contract is issued in a state
that permits or requires the use of the 1980
CSO tables at the time the contract is is-
sued; and (4) the contract is issued before
January 1, 2009.
.032001 CSO tables. A mortality
charge with respect to a life insurance
contract will satisfy the requirements
of § 7702(c)(3)(B)(i) so long as (1) the
mortality charge does not exceed 100 per-
cent of the applicable mortality charge
set forth in the 2001 CSO tables; (2) the
mortality charge does not exceed the mor-
tality charge specified in the contract at
issuance; and (3) either the contract is
issued after December 31, 2008, or the
contract is issued before January 1, 2009,
in a state that permits or requires the use
of the 2001 CSO tables at the time the
contract is issued.
SECTION 4. RULES FOR GENDER-
OR SMOKER-BASED TABLES
Mortality charges that do not exceed the
applicable charges in gender- or smoker-
based variations of the 1980 CSO tables
or 2001 CSO tables (asapplicable) will
be treated as reasonablemortality charges,
provided the following requirements are
satisfied:
.01Unisex tables. If a state permits
minimum nonforfeiture values for all con-
tracts issued under a plan of insurance
to be determined using the 1980 or 2001
CSO Gender-Blended Mortality tables
(“unisex tables”), then the applicable mor-
tality charges in those tables are treated as
reasonable mortality charges for female
insureds provided the same tables are used
to determine mortality charges for male
insureds.
.02Smoker/nonsmoker tables.Ifastate
permits minimum nonforfeiture values for
all contracts issued under a plan of insur-
ance to be determined using the 1980 or
2001 CSO Smoker and Nonsmoker Mor-
tality tables (“smoker/nonsmoker tables”),
then the applicable mortality charges in
those tables for smoker insureds are treated
as reasonable mortality charges provided
nonsmoker tables are used to determine
nonsmoker mortality charges.
SECTION 5. ISSUE DATE OF
CONTRACTS
.01 For purposes of this notice, the
date on which a contract was issued gen-
erally is to be determined according to
the standards that applied for purposes
October 12, 20045962004–41 I.R.B.

of the original effective date of section
7702.SeeH.R. Conf. Rep. No. 861,
98th Cong., 2d Sess. 1076 (1984), 1984–3
(Vol. 2) C.B. 330;see also1Staffof
Senate Comm. on Finance, 98th Cong.,
2d Sess.,Deficit Reduction Act of 1984,
Explanation of Provisions Approved by
the Committee on March 21, 1984,at579
(Comm. Print 1984). Thus, contracts re-
ceived in exchange for existing contracts
are to be considered new contracts issued
on the date of the exchange. For these
purposes, a change in an existing contract
is not considered to result in an exchange
if the terms of the resulting contract (that
is, the amount and pattern of death bene-
fit, the premium pattern, the rate or rates
guaranteed on issuance of the contract,
and mortality and expense charges) are the
same as the terms of the contract prior to
the change.
.02 Notwithstanding Section 5.01, if
a life insurance contract satisfied Section
3.01 or Section 3.02 when originally is-
sued, a change from previous tables to the
2001 CSO tables is not required if:
(a) The change, modification, or exer-
cise of a right to modify, add or delete ben-
efitsispursuanttothetermsofthecon-
tract;
(b) The state in which the contract is
issued does not require use of the 2001
CSO tables for that contract under its stan-
dard valuation and minimum nonforfeiture
laws; and
(c) The contract continues upon the
same policy form or blank.
The changes, modifications, or exer-
cises of contractual provisions referred to
in this subsection include addition or re-
moval of a rider, an increase or decrease
in death benefit (if the change is not un-
derwritten), and a change from an option 1
to option 2 contract or vice versa.
SECTION 6. EFFECT UPON OTHER
PUBLICATIONS
This notice supplements Notice
88–128.
SECTION 7. REQUEST FOR
COMMENTS
The Internal Revenue Service and the
Treasury Department recognize that ad-
ditional guidance may be needed regard-
ing the application of § 7702(c)(3)(B)(i).
Therefore, the Treasury Department and
the IRS request comments from taxpayers
regarding guidance needed to address is-
sues not specifically addressed by this no-
tice or by Notice 88–128, including issues
addressed by § 1.7702–1 of the proposed
Income Tax Regulations, published in the
FederalRegisteronJuly5,1991(56Fed.
Reg. 30718).
Comments should be submitted by
January 10, 2005. Comments may be sub-
mitted to CC:PA:RU (Notice 2004–61),
room 5203, Internal Revenue Service, PO
Box 7604, Ben Franklin Station, Wash-
ington, DC 20044. Comments may be
hand delivered between the hours of 8:00
a.m. and 4 p.m. Monday to Friday to
CC:PA:RU (Notice 2004–61), Courier’s
Desk, Internal Revenue Service, 1111
Constitution Avenue, NW, Washington,
DC 20224. Alternatively, comments
may be submitted via the internet at
Notice.Comments@irscounsel.treas.gov.
All comments will be available for public
inspection and copying.
SECTION 8. PROCEDURAL
INFORMATION
This notice serves as an “administrative
pronouncement” as that term is described
in § 1.6661–3(b)(2) of the regulations and
maybereliedupontothesameextentasa
revenue ruling or a revenue procedure.
DRAFTING INFORMATION
The principal author of this notice
is Ann H. Logan of the Office of Asso-
ciate Chief Counsel (Financial Institutions
& Products). For further information re-
garding this notice, contact Ann H. Logan
at (202) 622–3970 (not a toll-free call).
Returns Relating to Interest
Payments on Qualified
Education Loans
Notice 2004–63
PURPOSE
This notice announces that the Internal
Revenue Service will not assert penalties
under section 6721 (failure to file correct
information returns) or section 6722 (fail-
ure to furnish correct information state-
ments) of the Internal Revenue Code for
the failure to report under section 6050S
payments attributable to loan origination
fees and capitalized interest received in
calendar year 2004 on qualified education
loans made on or after September 1, 2004,
if a person receiving payments satisfies the
requirements set forth below. This notice
also announces that a borrower who re-
ceives an information statement indicating
that it does not include payments of loan
origination fees may use any reasonable
method to allocate the loan origination fees
over the term of the loan for purposes of
the deduction allowable under section 221.
BACKGROUND
Section 6050S requires certain persons
(payees) who receive payments of interest
on one or more qualified education loans,
as defined in section 221(d)(1), to file in-
formation returns with the Service and to
furnish a corresponding information state-
ment to the individual named on the infor-
mation return (borrower) showing the in-
formation that is reported to the Service.
The return and statement are required to
include information concerning the aggre-
gate amount of interest received from the
individual during the calendar year to as-
sist taxpayers and the Service in determin-
ing the amount of qualified education loan
interest that taxpayers may deduct under
section 221. The specific information re-
porting requirements applicable to payees
for the calendar years 1998 through 2001
are described in Notice 98–7, 1998–1 C.B.
339 (as modified by Notice 98–54, 1998–2
C.B. 641; Notice 99–37, 1999–2 C.B. 124;
and Notice 2000–62, 2000–2 C.B. 587).
On April 29, 2002, the Treasury De-
partment and the Service issued final
regulations under section 6050S.See67
Fed. Reg. 20901. The final regulations
extended the reporting requirements de-
scribed in Notice 98–7 (as modified) for
calendar year 2002. The final regulations
apply to information returns required to be
filed, and information statements required
to be furnished, for payments received
during calendar year 2003 and later years.
Section 1.6050S–3(e)(1) of the Income
Tax Regulations contained a special tran-
sitional rule under which payees were not
required to report payments of loan origi-
nation fees or capitalized interest received
on qualified education loans made before
January 1, 2004.
2004–41 I.R.B.597October 12, 2004

On May 7, 2004, the Treasury De-
partment and the Service finalized the
section 221 regulations and amended sec-
tion 1.6050S–3(e) by extending the special
transitional rule.See69 Fed. Reg. 25489.
Amended section 1.6050S–3(e)(1) pro-
vides that payees are not required to report
payments of loan origination fees and
capitalized interest for qualified education
loans made before September 1, 2004.
For qualified education loans made on or
after September 1, 2004, however, payees
are required to report payments of inter-
est (including loan origination fees and
capitalized interest) received on qualified
education loans on Form 1098-E, “Student
Loan Interest Statement.”
Payees have advised the Treasury De-
partment and the Service that the period
of time between May 7, 2004, the publi-
cation date of the section 221 regulations
and the amended section 6050S regula-
tions, and September 1, 2004, the date as
of which payees must begin to capture in-
formation on payments of loan origination
fees and capitalized interest, does not pro-
vide sufficient lead time for some payees to
make the necessary programming changes
to comply with the reporting requirements.
PENALTY RELIEF
In light of these comments, the Service
will not assert penalties under section 6721
or section 6722 for failure to report pay-
ments attributable to loan origination fees
and capitalized interest received in calen-
daryear2004onaqualifiededucationloan
made on or after September 1, 2004, if the
payee:
(1) files and furnishes in a timely man-
ner a Form 1098-E (or other appropriate
information statement) that (i) includes the
amount of interest (except for any loan
origination fees or capitalized interest) re-
ceived in 2004 in box 1, (ii) does not in-
clude a check in box 2, and (iii) includes
all other required information; and
(2) furnishes a statement to the bor-
rower indicating that the amount of inter-
est reported in box 1 of Form 1098-E for
calendar year 2004 does not include pay-
ments attributable to either loan origina-
tion fees or capitalized interest received on
qualified education loans made on or after
September 1, 2004, and that the borrower
may be able to deduct amounts in addition
to the amount reported in box 1.
The penalty relief under this notice will
allow additional time for payees to make
the necessary programming changes to en-
able them to capture information on and
report payments of loan origination fees
and capitalized interest received in 2005
and future calendar years consistent with
the reporting requirements of the amended
section 6050S regulations for qualified ed-
ucation loans made on or after September
1, 2004.
Forms 1098-E for calendar year 2004
mustbefiledwiththeServicebyFebruary
28, 2005, if filed on paper or by magnetic
media, or by March 31, 2005, if filed elec-
tronically. In addition, payees must furnish
information statements to the borrower on
or before January 31, 2005.
Notwithstanding sections 1.163–7(a)
and 1.1275–2(a), a borrower who receives
a Form 1098-E (or other appropriate infor-
mation statement) indicating that it does
not include payments of loan origination
fees may use any reasonable method to
allocate the loan origination fees over the
term of the loan for purposes of the de-
duction allowable under section 221. A
method that results in the double deduction
of the same portion of a loan origination
fee would not be reasonable.
EFFECTIVE DATE
This notice is effective as of September
1, 2004.
CONTACT INFORMATION
The principal author of this notice
is Tonya L. Christianson of the Of-
fice of Associate Chief Counsel (Pro-
cedure & Administration). For further
information regarding this notice, con-
tact Ms. Christianson at (202) 622–4910
(not a toll-free call).
Modification of Exemption
From Tax for Small Property
and Casualty Insurance
Companies
Notice 2004–64
This notice alerts taxpayers to recent
amendments to § 501(c)(15) of the Inter-
nal Revenue Code. These amendments
may affect the qualification of entities as
tax-exempt property and casualty insur-
ance companies described in § 501(c)(15).
This notice advises taxpayers that the Ser-
vice will continue to scrutinize the eligi-
bility of entities claiming to be tax-exempt
property and casualty insurance compa-
nies.SeeNotice 2003–35, 2003–1 C.B.
992.
BACKGROUND AND PRIOR LAW
Section 501(a) provides that an organ-
ization described in § 501(c) is exempt
from federal income tax. Prior to the re-
cent amendments, former § 501(c)(15)(A)
provided that an insurance company, other
than a life insurancecompany, was tax-ex-
empt if its net written premiums (or, if
greater, its direct written premiums) did
not exceed $350,000. For purposes of
determining whether the insurance com-
pany met the $350,000 premium test for
the taxable year, the premiums received in
that taxable year by all companies or asso-
ciations in the same controlled group (as
defined in § 831(b)(2)(B)(ii) of the Code)
as the insurance company were treated as
though received by the insurance com-
pany.
PENSION FUNDING EQUITY ACT OF
2004
The Pension Funding Equity Act, P.L.
108–218, (the “Act”) was enacted on April
10, 2004. Section 206 of the Act made
several changes to § 501(c)(15) that, in
general, are effective for taxable years be-
ginning after December 31, 2003. Specif-
ically, the Act amended § 501(c)(15) to
provide that a property and casualty in-
surance company is eligible to be exempt
from federal income tax if (a) its gross
receipts for the taxable year do not exceed
$600,000, and (b) more than 50 percent of
its gross receipts for the taxable year con-
sist of premiums.See§ 501(c)(15)(A)(i).
For purposes of these tests, amounts re-
ceived by all members of the insurance
company’s controlled group (including
foreign and tax-exempt companies) are
taken into account.See§ 501(c)(15)(C).
Alternative gross receipts and premium
tests apply to small mutual insurance com-
panies.See§ 501(c)(15)(A)(ii).
The Act clarifies that, for purposes of
§ 501(c)(15), the term “insurance com-
pany” has the same meaning as in § 816(a)
October 12, 20045982004–41 I.R.B.

of the Code, which provides that a com-
pany is an insurance company if more than
half of its business during the taxable year
is the issuing of insurance or annuity con-
tracts or the reinsuring of risks underwrit-
ten by insurance companies.
The recent amendments to § 501(c)(15)
may affect the qualification of some in-
surance companies under § 501(c)(15) for
taxable years beginning after December
31, 2003.
For example, a non-life stock insur-
ance company with $650,000 of gross
receipts in a taxable year would have been
eligible to be exempt from federal in-
come tax before the recent amendments to
§ 501(c)(15) if the company’s written pre-
miums for the year were $350,000 or less.
However, for taxable years beginning
after December 31, 2003, an insurance
company with $650,000 of gross receipts
in a taxable year will not be eligible for
exemption from tax under § 501(c)(15), as
amended by the Act, because the $600,000
gross receipts test will not be met.
Conversely, a non-life stock insurance
company with $500,000 of gross receipts
in a taxable year would not have been
eligible to be exempt from federal in-
come tax under former § 501(c)(15) if
the company’s written premiums for the
year were $375,000. However, for taxable
years beginning after December 31, 2003,
an insurance company with $500,000 of
gross receipts in a taxable year, including
$375,000 from premiums, will be eligible
for exemption from tax under § 501(c)(15),
as amended by the Act. Nonetheless, if the
same company is a member of a controlled
group (as defined in § 501(c)(15)(C)), it
will not qualify if other members of the
group have gross receipts in the taxable
year in excess of $100,000 because the
$600,000 gross receipts test will not be
met.
As previously described in Notice
2003–35, 2003–1 C.B. 992, the Service
will continue to challenge the exemption
of any entity that claims to be described
in § 501(c)(15), but that does not meet the
requirements of that section, regardless
of whether the exemption is claimed pur-
suant to an existing determination letter
or on a return filed with the Service. The
Service will challenge the qualification of
an entity under former § 501(c)(15) for
any open taxable year beginning prior to
January 1, 2004. The Service will chal-
lenge the qualification of an entity under
§ 501(c)(15), as amended by the Act, for
taxable years beginning after December
31, 2003.
EFFECTIVEDATEOFAMENDMENTS
The amendments to § 501(c)(15) of the
Code generally are effective for taxable
years beginning after December 31, 2003.
A special transition rule applies with re-
spect to certain insurance companies in re-
ceivership or liquidation.
DRAFTING INFORMATION
The principal author of this notice is
Lee T. Phaup, TE/GE Division, Exempt
Organizations. For further information re-
garding this notice, contact Ms. Phaup at
(202) 283–8935 (not a toll-free call).
Certain Reinsurance
Arrangements
Notice 2004–65
This notice modifies Notice 2002–70,
2002–2 C.B. 765, and Notice 2003–76,
2003–49 I.R.B. 1181, by removing the
identification of transactions that are
the same as, or substantially similar to,
transactions described in Notice 2002–70
as “listed transactions” for purposes of
§ 1.6011–4(b)(2) of the Income Tax Reg-
ulations and §§ 301.6111–2(b)(2) and
301.6112–1(b)(2) of the Procedure and
Administration Regulations. The Ser-
vice will, however, continue to scrutinize
transactions described in Notice 2002–70
that are being used to shift income from
taxpayers to related companies purported
to be insurance companies that are subject
to little or no U.S federal income tax.
BACKGROUND
Notice 2002–70 describes a reinsurance
arrangement involving a taxpayer (“Tax-
payer”) (typically a service provider, auto-
mobile dealer, lender, or retailer) that of-
fers its customers the opportunity to pur-
chase an insurance contract through Tax-
payer in connection with the products or
services being sold. The insurance pro-
vides coverage for repair or replacement
costs if the product breaks down or is lost,
stolen, or damaged, or coverage for the
customer’s payment obligations in case the
customer dies, or becomes disabled or un-
employed. Taxpayer offers the insurance
to its customers by acting as an insur-
ance agent for an unrelated insurance com-
pany (“Company X”). Taxpayer receives a
sales commission from Company X equal
to a percentage of the premiums paid by
Taxpayer’s customers. Taxpayer forms
a wholly owned corporation (“Company
Y”), typically in a foreign country, to rein-
sure the policies sold by Taxpayer. Pro-
moters sometimes refer to these compa-
nies as producer owned reinsurance com-
panies or “PORCs.” If Company Y is a
foreign corporation, it typically elects to
be treated as a domestic insurance com-
pany under § 953(d) of the Internal Rev-
enue Code. Company Y takes the posi-
tion that it is entitled to the benefits of
§ 501(c)(15) (providing that certain small
non-life insurance companies are tax ex-
empt), § 806 (providing a deduction for
certain life insurance companies with life
insurance company taxable income not in
excess of $15,000,000), or § 831(b) (al-
lowing qualifying non-life insurance com-
panies whose net written premiums do not
exceed $1,200,000 to elect to be taxed
solely on investment income). Taxpayer
receives premiums from its customers and
remits those premiums (typically net of its
sales commission) to Company X. Com-
pany X pays any claims and state premium
taxes due and retains an amount from the
premiums received from Taxpayer. Under
Company Y’s reinsurance agreement with
Company X, Company Y reinsures all in-
surance policies that Taxpayer sells to its
customers. Company X transfers the re-
mainder of the premiums to Company Y
as reinsurance premiums.
Notice 2002–70 alerts taxpayers that,
in appropriate cases, the Service intends to
challenge the purported tax benefits from
these transactions on a number of grounds.
Notice 2002–70 also identifies transac-
tions that are the same as, or substantially
similar to, the transaction described in the
Notice 2002–70 as “listed transactions”
for purposes of § 1.6011–4T(b)(2) of the
temporary Income Tax Regulations (now
§ 1.6011–4(b)(2) of the Income Tax Reg-
ulations) and §§ 301.6111–2T(b)(2) of the
temporary Procedure and Administration
Regulations (now §§ 301.6111–2(b)(2) of
the Procedure and Administration Regula-
tions).
2004–41 I.R.B.599October 12, 2004

Section 206 of the Pension Fund-
ing Equity Act, P.L. 108–218, amended
§ 501(c)(15) effective for taxable years be-
ginning after December 31, 2003. Notice
2004–64, 2004–41 I.R.B. 598 (October
12, 2004), describes the amendments and
notifies taxpayers that the Service will
continue to scrutinize the tax-exempt sta-
tus of entities claiming to be described in
§ 501(c)(15).
DISCUSSION
The Treasury Department and the Ser-
vice have concluded that these transac-
tions no longer should be identified as
“listed transactions” for purposes of the
disclosure, registration, and list mainte-
nance requirements. Since issuing Notice
2002–70, the Service has examined var-
ious types of these arrangements. These
examinations have revealed fewer abusive
transactions than anticipated. Further,
the Treasury Department and the Service
anticipate that the recent amendments to
§ 501(c)(15) will curtail the use of this
provision by a number of these arrange-
ments. Accordingly, transactions will no
longer be identified as “listed transac-
tions” for purposes of §§ 1.6011–4(b)(2),
301.6111–2(b)(2) and 301.6112–1(b)(2)
solely because they are the same as, or
substantially similar to, the transaction
described in Notice 2002–70. However,
the Service will continue to scrutinize
transactions described in Notice 2002–70
that are being used to shift income from
taxpayers to related companies purported
to be insurance companies that are subject
to little or no U.S federal income tax. Al-
though a transaction is no longer a “listed
transaction” solely because the transaction
is described in Notice 2002–70, the trans-
action may still otherwise be subject to
the disclosure requirement of § 6011, the
registration requirement of § 6111, or the
list maintenance requirement of § 6112.
EFFECT ON OTHER DOCUMENTS
Notice 2002–70 and Notice 2003–76
are modified by removing the identifica-
tion of transactions that are the same as,
or substantially similar to, transactions
described in Notice 2002–70 as “listed
transactions” effective for taxable years
for which the due date of the return (in-
cluding extensions, whether or not actually
requested) is after September 24, 2004.
For further information regarding this
notice, contact Nancy Vozar Knapp at
(202) 283–8622, John E. Glover (202)
622–3970, or Theodore Setzer at (202)
622–3870 (not a toll-free call).
Listed Transactions
Notice 2004–67
SECTION 1. PURPOSE
This notice updates the list of trans-
actions that have been determined by
the Internal Revenue Service to be
“listed transactions” for purposes of
§ 1.6011–4(b)(2) of the Income Tax Reg-
ulations and §§ 301.6111–2(b)(2) and
301.6112–1(b)(2) of the Procedure and
Administration Regulations. This notice
restates the list of “listed transactions” in
Notice 2003–76, 2003–49 I.R.B. 1181,
and updates the list by adding transac-
tions identified as “listed transactions”
in notices and other guidance released
subsequent to November 7, 2003, and by
eliminating transactions described in Part
II of Notice 98–5, 1998–1 C.B. 334, and
Notice 2002–70, 2002–2 C.B. 765.
SECTION 2. CURRENT LISTED
TRANSACTIONS
Transactions that are the same as or
substantially similar to transactions de-
scribed in the list below have been de-
termined by the Service to be tax avoid-
ance transactions and are “listed transac-
tions” for purposes of §§ 1.6011–4(b)(2),
301.6111–2(b)(2) and 301.6112–1(b)(2).
As a result, taxpayers may need to dis-
close their participation in these listed
transactions as prescribed in § 1.6011–4,
and promoters (or other persons responsi-
ble for registering tax shelter transactions)
may need to register these transactions
under § 301.6111–2. In addition, mate-
rial advisors must maintain lists of in-
vestors and other information with respect
to these listed transactions pursuant to
§ 301.6112–1.
(1) Rev. Rul. 90–105, 1990–2 C.B.
69 (transactions in which taxpayers claim
deductions for contributions to a qualified
cash or deferred arrangement or match-
ing contributions to a defined contribution
plan where the contributions are attribut-
able to compensationearnedbyplanpar-
ticipants after the end of the taxable year
(identified as “listed transactions” on Feb-
ruary 28, 2000)).See alsoRev. Rul.
2002–46, 2002–2 C.B. 117 (result is the
same, and transactions are substantially
similar, even though the contributions are
designated as satisfying a liability estab-
lished before the end of the taxable year),
modified byRev. Rul. 2002–73, 2002–2
C.B. 805;
(2) Notice 95–34, 1995–1 C.B. 309
(certain trust arrangements purported to
qualify as multiple employer welfare
benefit funds exempt from the limits of
§§ 419 and 419A of the Internal Rev-
enue Code (identified as “listed transac-
tions” on February 28, 2000)).See also
§ 1.419A(f)(6)–1 of the Income Tax Reg-
ulations (10 or more employer plans);
(3) Transactions substantially similar to
those at issue inASA Investerings Partner-
ship v. Commissioner, 201 F.3d 505 (D.C.
Cir. 2000), andACM Partnership v. Com-
missioner, 157 F.3d 231 (3d Cir. 1998)
(transactions involving contingent install-
ment sales of securities by partnerships in
order to accelerate and allocate income to
a tax-indifferent partner, such as a tax-ex-
empt entity or foreign person, and to allo-
cate later losses to another partner (iden-
tified as “listed transactions” on February
28, 2000));
(4) Section 1.643(a)–8 of the Income
Tax Regulations (transactions involving
distributions described in § 1.643(a)–8
from charitable remainder trusts (identi-
fied as “listed transactions” on February
28, 2000));
(5) Notice 99–59, 1999–2 C.B. 761
(transactions involving the distribution of
encumbered property in which taxpayers
claim tax losses forcapital outlays that
they have in fact recovered (identified
as “listed transactions” on February 28,
2000)).See also§ 1.301–1(g) of the In-
come Tax Regulations;
(6) Section 1.7701(l)–3 of the Income
Tax Regulations (transactions involv-
ing fast-pay arrangements as defined in
§ 1.7701(l)–3(b) (identified as “listed
transactions” on February 28, 2000));
(7) Rev. Rul. 2000–12, 2000–1 C.B.
744 (certain transactions involving the ac-
quisition of two debt instruments the val-
ues of which are expected to change sig-
nificantly at about the same time in oppo-
site directions (identified as “listed trans-
actions” on February 28, 2000));
October 12, 20046002004–41 I.R.B.

(8) Notice 2000–44, 2000–2 C.B. 255
(transactions generating losses resulting
from artificially inflating the basis of
partnership interests (identified as “listed
transactions” on August 11, 2000)).See
also§ 1.752–6T of the temporary Income
Tax Regulations and §§ 1.752–1(a) and
1.752–7 of the proposed Income Tax Reg-
ulations;
(9) Notice 2000–60, 2000–2 C.B. 568
(transactions involving the purchase of a
parent corporation’s stock by a subsidiary,
a subsequent transfer of the purchased par-
ent stock from the subsidiary to the par-
ent’s employees, and the eventual liqui-
dation or sale of the subsidiary (identified
as “listed transactions” on November 16,
2000));
(10) Notice 2000–61, 2000–2 C.B. 569
(transactions purporting to apply § 935
to Guamanian trusts (identified as “listed
transactions” on November 21, 2000));
(11) Notice 2001–16, 2001–1 C.B. 730
(transactions involving the use of an inter-
mediary to sell the assets of a corporation
(identified as “listed transactions” on Jan-
uary 18, 2001));
(12) Notice 2001–17, 2001–1 C.B. 730
(transactions involving a loss on the sale of
stock acquired in a purported § 351 trans-
fer of a high basis asset to a corporation
and the corporation’s assumption of a lia-
bility that the transferor has not yet taken
into account for federal income tax pur-
poses (identified as “listed transactions”
on January 18, 2001));
(13) Notice 2001–45, 2001–2 C.B. 129
(certain redemptions of stock in transac-
tions not subject to U.S. tax in which the
basis of the redeemed stock is purported
to shift to a U.S. taxpayer (identified as
“listed transactions” on July 26, 2001));
(14) Notice 2002–21, 2002–1 C.B. 730
(transactions involving the use of a loan
assumption agreement to inflate basis in
assets acquired from another party to claim
losses (identified as “listed transactions”
on March 18, 2002));
(15) Notice 2002–35, 2002–1 C.B. 992
(transactions involving the use of a no-
tional principal contract to claim current
deductions for periodic payments made by
a taxpayer while disregarding the accrual
of a right to receive offsetting payments
in the future (identified as “listed transac-
tions” on May 6, 2002));
(16) Notice 2002–50, 2002–2 C.B.
98 (transactions involving the use of a
straddle, a tiered partnership structure,
a transitory partner, and the absence of
a § 754 election to claim a permanent
noneconomic loss (identified as “listed
transactions” on June 25, 2002)); Notice
2002–65, 2002–2 C.B. 690 (transactions
involving the use of a straddle, an S cor-
poration or a partnership, and one or more
transitory shareholders or partners to claim
a loss while deferring an offsetting gain
are substantially similar to transactions
described in Notice 2002–50); and Notice
2003–54, 2003–33 I.R.B. 363 (transac-
tions involving the use of economically
offsetting positions, one or more tax in-
different parties, and the common trust
fund accounting rules of § 584 to allow
a taxpayer to claim a noneconomic loss
are substantially similar to transactions
described in Notice 2002–50 and Notice
2002–65);
(17) Rev. Rul. 2002–69, 2002–2
C.B. 760, modifying and superseding
Rev. Rul. 99–14, 1999–1 C.B. 835 (trans-
actions in which a taxpayer purports to
lease property and then purports to imme-
diately sublease it back to the lessor (of-
ten referred to as “lease-in/lease-out” or
“LILO” transactions) (identified as “listed
transactions” on February 28, 2000));
(18) Rev. Rul. 2003–6, 2003–1 C.B.
286 (certain arrangements involving the
transfer of employee stock ownership
plans (ESOPs) that hold stock in an S
corporation for the purpose of claiming
eligibility for the delayed effective date
of § 409(p) (identified as “listed transac-
tions” on December 17, 2002));
(19) Notice 2003–22, 2003–1 C.B. 851
(certain arrangements involving leasing
companies that have been used to avoid
or evade federal income and employment
taxes (identified as “listed transactions”
on April 4, 2003));
(20) Notice 2003–24, 2003–1 C.B. 853
(certain arrangements that purportedly
qualify as collectively-bargained welfare
benefit funds excepted from the account
limits of §§ 419 and 419A (identified as
“listed transactions” on April 11, 2003));
(21) Notice 2003–47, 2003–30 I.R.B.
132 (transactions involving compensatory
stock options and related persons to avoid
or evade federal income and employment
taxes (identified as “listed transactions” on
July 1, 2003));
(22) Notice 2003–55, 2003–34 I.R.B.
395 (transactions in which one participant
claims to realize rental or other income
from property or service contracts and an-
other participant claims the deductions re-
latedtothatincome(oftenreferredtoas
“lease strips”)), modifying and supersed-
ing Notice 95–53, 1995–2 C.B. 334 (iden-
tified as “listed transactions” on February
28, 2000);
(23) Notice 2003–77, 2003–49 I.R.B.
1182 (certain transactions that use con-
tested liability trusts improperly to acceler-
ate deductions for contested liabilities un-
der § 461(f) (identified as “listed trans-
actions” on November 19, 2003)).See
also§ 1.461–2 of the Income Tax Regu-
lations.SeeRev. Proc. 2004–31, 2004–22
I.R.B. 986, for procedures which taxpay-
ers must use to change their methods of
accounting for deducting under § 461(f)
amounts transferred to trusts in transac-
tions described in Notice 2003–77.
(24) Notice 2003–81, 2003–51 I.R.B.
1223 (certain transactions in which a tax-
payer claims a loss upon the assignment of
a § 1256 contract to a charity but fails to re-
port the recognition of gain when the tax-
payer’s obligation under an offsetting non-
section 1256 contractterminates (identi-
fied as “listed transactions” on December
4, 2003));
(25) Notice 2004–8, 2004–4 I.R.B. 333
(certain transactions designed to avoid the
limitations on contributions to Roth IRAs
described in § 408A (identified as “listed
transactions” on December 31, 2003));
(26) Rev. Rul. 2004–4, 2004–6 I.R.B.
414 (transactions thatinvolve segregating
the business profits of an ESOP-owned
S corporation in a qualified subchapter S
subsidiary, so that rank-and-file employ-
ees do not benefit fromparticipation in the
ESOP (identified as “listed transactions”
on January 23, 2004));
(27) Transactions that are the same as,
or substantially similar to, those described
in Situation 2 of Rev. Rul. 2004–20,
2004–10 I.R.B. 546, modifying and su-
perseding Rev. Rul. 55–748, 1955–2
C.B. 234 (certain arrangements in which
an employer deducts contributions to a
qualified pension plan for premiums on
life insurance contracts that provide for
death benefits in excess of the partic-
ipant’s death benefit, where under the
terms of the plan, the balance of the death
benefit proceeds revert to the plan as a
return on investment) (identified as “listed
transactions” on February 13, 2004)).
2004–41 I.R.B.601October 12, 2004

See alsoRev. Rul. 2004–21, 2004–10
I.R.B. 544, §§ 1.79–1(d)(3), 1.83–3(e) and
1.402(a)–1(a)(1) and (2) of the proposed
Income Tax Regulations, and Rev. Proc.
2004–16, 2004–10 I.R.B. 559;
(28) Notice 2004–20, 2004–11 I.R.B.
608 (transactions in which, pursuant to a
prearranged plan, a domestic corporation
purports to acquire stock in a foreign target
corporation and to make an election under
§ 338 before selling all or substantially all
of the target corporation’s assets in a pre-
planned transaction that generates a tax-
able gain for foreign tax purposes (but not
for U.S. tax purposes) (identified as “listed
transactions” on February 17, 2004));
(29) Notice 2004–30, 2004–17 I.R.B.
828 (transactions in which S corporation
shareholders attempt to transfer the inci-
dence of taxation on S corporation income
by purportedly donating S corporation
nonvoting stock to an exempt organiza-
tion while retaining the economic benefits
associated with thatstock (identified as
“listed transactions” on April 1, 2004));
and
(30) Notice 2004–31, 2004–17 I.R.B.
830 (transactions in which corporations
claim inappropriate deductions for pay-
ments made through a partnership (iden-
tified as “listed transactions” on April 1,
2004)).
SECTION 3. TRANSACTIONS NO
LONGER CONSIDERED TO BE
LISTED TRANSACTIONS
Transactions that are the same as, or
substantially similar to, transactions de-
scribed in the list below will no longer be
considered listed transactions for purposes
of §§ 1.6011–4(b)(2), 301.6111–2(b)(2)
and 301.6112–1(b)(2). No inference is
intended, however, as to whether such
transactions are otherwise subject to the
disclosure requirements of § 6011, the
registration requirements of § 6111, or the
list maintenance requirements of § 6112.
(1) Transactions described in Part II
of Notice 98–5, 1998–1 C.B. 334 (trans-
actions in which the reasonably expected
economic profit is insubstantial in compar-
ison to the value of the expected foreign
tax credits (identified as “listed transac-
tions” on February 28, 2000)). Notice
2004–19, 2004–11 I.R.B. 606, withdrew
Notice 98–5. Effective for taxable years
for which the due date of the return (in-
cluding extensions, whether or not ac-
tually requested) is after February 17,
2004, transactions will not be consid-
ered listed transactions for purposes of
§§ 1.6011–4(b)(2) and 301.6112–1(b)(2)
solely because they are the same as or
substantially similar to the transactions
or arrangements described in Part II of
Notice 98–5. In addition, for offers made
after February 17, 2004, transactions will
not be considered listed transactions for
purposes of § 301.6111–2(b)(2) solely be-
cause they are the same as or substantially
similar to the transactions or arrangements
described in Part II of Notice 98–5.
(2) Transactions described in Notice
2002–70, 2002–2 C.B. 765 (transactions
involving reinsurance arrangements be-
tween a taxpayer and the taxpayer’s own
reinsurance company that is subject to
little or no federal income tax (identified
as “listed transactions” on October 15,
2002)). Notice 2004–65, 2004–41 I.R.B.
599, modified Notice 2002–70 by remov-
ing the identification of transactions that
are the same as, or substantially similar to,
transactions described in Notice 2002–70
as listed transactions effective for taxable
years for which the due date of the return
(including extensions, whether or not ac-
tually requested) is after September 24,
2004.
SECTION 4. EFFECT ON OTHER
NOTICES
Notice 2003–76, as modified by No-
tice 2004–19 and Notice 2004–65, is
supplemented and superseded. For up-
dates to this list, go to the IRS web page
atwww.irs.gov/businesses/corporations
and click on Abusive Tax Shelters and
Transactions. Notices and other published
guidance will still be used to identify
transactions that have been determined by
the Service to be “listed transactions.”
DRAFTING INFORMATION
The principal authors of this no-
tice are Michael J. Goldman and
David A. Shulman of the Office of As-
sociate Chief Counsel (Passthroughs &
Special Industries). For further infor-
mation regarding this notice, contact the
authors at (202) 622–3070 (not a toll-free
call).
NOTE: This revenue procedure will be reprinted as the next revision of IRS Publication 1179,General Rules and Specifications
for Substitute Forms 1096, 1098, 1099, 5498, W-2G, and 1042-S.
26 CFR 601.602: Forms and instructions.
(Also Part 1, Sections 220, 408, 408A, 529, 530(h), 1441, 6041, 6041A, 6042, 6043, 6044, 6045, 6047, 6049, 6050A, 6050B, 6050D, 6050E, 6050H, 6050J,
6050N, 6050P, 6050Q, 6050R, 6050S, 1.408-5, 1.408-7, 1.408A-7, 1.1441-1 through 1.1441-5, 1.6041-1, 7.6041-1, 1.6042-2, 1.6042-4, 1.6044-2, 1.6044-5,
1.6045-1, 5f.6045-1, 1.6045-2, 1.6045-4, 1.6047-1, 1.6049-4, 1.6049-6, 1.6049-7, 1.6050A-1, 1.6050B-1, 1.6050D-1, 1.6050E-1, 1.6050H-1, 1.6050H-2, 1.6050J-1T,
1.6050N-1, 1.6050P-1).
Rev. Proc. 2004-58
TABLE OF CONTENTS
Part 1 General Information
SECTION 1.1 - OVERVIEW OF REVENUE PROCEDURE 2004-58....................................................... 603
October 12, 20046022004–41 I.R.B.

SECTION 1.2 - GENERAL REQUIREMENTS FOR ACCEPTABLE SUBSTITUTE FORMS 1096, 1098, 1099,
5498, W-2G, AND 1042-S
................................................................................ 605
SECTION 1.3 - DEFINITIONS....................................................................................... 607
Part 2 Specifications for SubstituteForms 1096 and Copies A of Forms 1098, 1099, and 5498 (All Filed with the IRS)
SECTION 2.1 - SPECIFICATIONS................................................................................... 608
SECTION 2.2 - INSTRUCTIONS FOR PREPARING PAPER FORMS THAT WILL BE FILED WITH THE
IRS
.................................................................................................. 611
Part 3 Specifications for Substitute Form W-2G (Filed with the IRS)
SECTION 3.1 - GENERAL.......................................................................................... 612
SECTION3.2-SPECIFICATIONSFORCOPYAOFFORMW-2G....................................................... 612
Part 4 Substitute Statements to Form Recipients and Form Recipient Copies
SECTION 4.1 - SPECIFICATIONS................................................................................... 613
SECTION 4.2 - COMPOSITE STATEMENTS.......................................................................... 616
SECTION 4.3 - REQUIRED LEGENDS............................................................................... 617
SECTION 4.4 - MISCELLANEOUS INSTRUCTIONS FOR COPIES B, C, D, 1, AND 2...................................... 618
SECTION 4.5 - ELECTRONIC DELIVERY OF FORM 1099 AND FORM 5498 PAYEE STATEMENTS........................ 619
Part 5 Additional Instructions for Substitute Forms 1098, 1099, 5498, W-2G, and 1042-S
SECTION 5.1 - PAPER SUBSTITUTES FOR FORM 1042-S............................................................. 620
SECTION 5.2 - OMB REQUIREMENTS FOR ALL FORMS IN THIS REVENUE PROCEDURE.............................. 622
SECTION 5.3 - REPRODUCIBLE COPIES OF FORMS................................................................. 623
SECTION 5.4 - EFFECT ON OTHER REVENUE PROCEDURES........................................................ 624
Part 6 Exhibits
SECTION 6.1 - EXHIBITS OF FORMS IN THE REVENUE PROCEDURE................................................ 624
Part 1
General Information
Section 1.1 - Overview of Revenue Procedure 2004-58
1.1.1 PurposeThe purpose of this revenue procedure is to set forth the 2004 requirements for:
•Using official Internal Revenue Service (IRS) forms to file information returns with the
IRS,
•Preparing acceptable substitutes of the official IRS forms to file information returns with
the IRS, and
•Using official or acceptable substitute forms to furnish information to recipients.
1.1.2 Which Forms Are Covered?This revenue procedure contains specifications for these information returns:
2004–41 I.R.B.603October 12, 2004

FormTitle
1096Annual Summary and Transmittal of U.S. Information Returns
1098Mortgage Interest Statement
1098-EStudent Loan Interest Statement
1098-TTuition Statement
1099-AAcquisition or Abandonment of Secured Property
1099-BProceeds From Broker and Barter Exchange Transactions
1099-CCancellation of Debt
1099-CAPChanges in Corporate Control and Capital Structure
1099-DIVDividends and Distributions
1099-GCertain Government Payments
1099-HHealth Coverage Tax Credit (HCTC) Advance Payments
1099-INTInterest Income
1099-LTCLong-Term Care and Accelerated Death Benefits
1099-MISCMiscellaneous Income
1099-OIDOriginal Issue Discount
1099-PATRTaxable Distributions Received From Cooperatives
1099-QPayments From Qualified Education Programs (Under Sections 529
and 530)
1099-RDistributions From Pensions, Annuities, Retirement or Profit-Sharing
Plans, IRAs, Insurance Contracts, etc.
1099-SProceeds From Real Estate Transactions
1099-SADistributions From an HSA, Archer MSA, or Medicare+Choice MSA
5498IRA Contribution Information
5498-ESACoverdell ESA Contribution Information
5498-SAHSA, Archer MSA, or Medicare+Choice MSA Information
W-2GCertain Gambling Winnings
1042-SForeign Person's U.S. Source Income Subject to Withholding
1.1.3 ScopeFor purposes of this revenue procedure, a substitute form or statement is one that is not
printed by the IRS. For a substitute form orstatement to be acceptable to the IRS, it must
conform to the official form orthe specifications outlined in this revenue procedure. Do not
submit any substitute forms or statements listed above to the IRS for approval. Privately printed
forms may not state, “This is an IRS approved form.”
Filers making payments to certain recipientsduring a calendar year are required by the In-
ternal Revenue Code (the Code) to file information returns with the IRS for these payments.
These filers must also provide this information to their recipients. In some cases, this also
applies to payments received. SeePart 4for specifications that apply to recipient statements
(generally Copy B).
In general, section 6011 of the Code contains requirements for filers of information returns.
A filer must file information returns on magneticmedia, through electronic media, or on paper.
A filer who is required to file 250 or more information returns of any one type during a calendar
year must file those returns by magnetic media or electronic media.
October 12, 20046042004–41 I.R.B.

Although not required, small volume filers (fewer than 250 returns during a calendar year)
may file the forms on magnetic media or electronically. See the legal requirements for filing
information returns (and providing a copy to a payee) in the 2004 General Instructions for
Forms 1099, 1098, 5498, and W-2G and the 2004 Instructions for Form 1042-S. In addition,
see Pub. 1220,Specifications for Filing Forms 1098, 1099, 5498, and W-2G Electronically or
Magnetically.
1.1.4 For More InformationThe IRS prints and provides the forms on which various payments must be reported. Alter-
natively, filers may prepare substitute copies of these IRS forms and use such forms to report
payments to the IRS.
•For copies of the official forms and instructions, call our toll-free number at 1-800-TAX-
FORM (1-800-829-3676).
•The IRS operates a central call site to answerquestions related to information returns,
penalties, and backup withholding. The hours of operation are Monday through Friday
from 8:30 a.m. to 4:30 p.m., Eastern time. For your convenience, you may call the toll-free
number, 1-866-455-7438. You may still use the original telephone number, 304-263-8700
(not toll-free). For TTY/TDD equipment, call304-267-3367 (not toll-free). The call site
can also be reached by email atm
ccirp@irs.gov.
•For other tax information related to business returns or accounts, call 1-800-829-4933. If
you have access to TTY/TDD equipment, call 1-800-829-4059 to ask tax account questions
or to order forms and publications.
1.1.5 What’s NewThe following changes have been madeto this year's Revenue Procedure:
•Use of an account number is no longer optional for 2004 returns filed. An account number
is required if you have multiple accounts for arecipient for whom you are filing more than
one information return of the same type.
•Form 1099-B: New boxes have been added relating to broker reporting under reissued
regulations. New boxes 5 and 6 have been added for brokers to report information regarding
a corporation that had a change in corporate control and capital structure. Also, the related
corporation name and address appear on the form below the recipient’s name and address.
•Form 1099-DIV: The boxes for post-May 5 capital gain distributions and qualified 5-year
gain have been eliminated based on section 301 of the Jobs and Growth Tax Relief and
Reconciliation Act of 2003.
•Form 1099-SA and Form 5498-SA: The Medicare Prescription Drug,Improvement, and
Modernization Act of 2003 created new Code section 223 that establishes health savings ac-
counts (HSAs). Forms 1099-MSA and 5498-MSA have beenreplaced with Form 1099-SA,
Distributions From an HSA, Archer MSA, or Medicare+Choice MSA, and Form 5498-SA,
HSA, Archer MSA, or Medicare+Choice MSA Information.
•Rules and specifications for Form 1099-SA, were added to the Revenue Procedure. Exhibit
T also shows an example of the form.
•Rules and specifications for Form 5498-SA, were added to the Revenue Procedure. Exhibit
W also shows an example of the form.
•Electronic payee statements are permitted for all Forms 1099, 1098, and 5498 (seeSection
4.5).
Section 1.2 - General Requirements for Acceptable Substitute Forms 1096, 1098, 1099, 5498, W-2G, and
1042-S
1.2.1 IntroductionPaper substitutes for Form 1096 and Copy A of Forms 1098, 1099, 5498, W-2G, and 1042-S
that totally conform to the specifications listed in this revenue procedure may be privately
printed and filed as returns with the IRS. The reference to the Department of the Treasury –
Internal Revenue Service should be included on all such forms.
2004–41 I.R.B.605October 12, 2004

If you are uncertain of any specification and want it clarified, you may submit a letter cit-
ing the specification, stating your understanding and interpretation of the specification, and
enclosing an example of the form (if appropriate) to:
Internal Revenue Service
Attn: Substitute Forms Program
SE:W:CAR:MP:T:T:SP
1111 Constitution Ave., NW
Room 6406
Washington, DC 20224
Note.Allow at least 45 days for the IRS to respond.
You may also contact the Substitute Forms Program Unit via e-mail at
*
taxforms@irs.gov. Please enter “Substitute Forms” on the Subject Line.
Forms 1096, 1098, 1099, 5498, W-2G, and 1042-S are subject to annual review and possi-
ble change. Therefore, filers are cautioned against overstocking supplies of privately printed
substitutes. The specificationscontained in this revenue procedure apply to 2004 forms only.
1.2.2 Copy A SpecificationsProposed substitutes of Copy A must be an exact replica of the official IRS form with respect
to layout and content. Proposed substitutes forCopy A that do not conform to the specifications
in this revenue procedure are not acceptable. Further, if you file such forms with the IRS, you
may be subject to a penalty for failure to file a correct information return under section 6721
of the Code. Generally, the penalty is $50 foreach return where such failure occurs (up to
$250,000). No IRS office is authorized to allow deviations from this revenue procedure.
Caution:Overuse of proportional fonts may causeyou to be subject to penalties and delays
in processing.
1.2.3 Copy B and Copy C
Specifications
Copies B and Copies C of the following forms must contain the information inPart 4to be
considered a “statement” or “official form” under the applicable provisions of the Code. The
format of this information is at the discretion of the filer with the exception of the location of the
tax year, form number, form name, and the information for composite Form 1099 statements
as outlined underSection 4.2.
Copy B, of the forms below, are for the following recipients.
FormRecipient
1098For Payer
1098-E; 1099-AFor Borrower
1098-TFor Student
1099-CFor Debtor
1099-CAPFor Shareholder
1099-LTCFor Policyholder
1099-R; W-2GIndicates that these forms may require Copy B to be
attached to the federal income tax return.
1099-SFor Transferor
All other Forms 1099; 1042-S For Recipient
5498; 5498-SAFor Participant
5498-ESAFor Beneficiary
October 12, 20046062004–41 I.R.B.

Copy C of the following forms are:
FormRecipient
1099-CAPFor Corporation
1099-LTCFor Insured
1099-RFor Recipient's Records
All other Forms 1099SeeSection 4.4.2
5498-ESAFor Trustee
W-2GFor Winner's Records
Note.On Copy C, Form 1099-LTC, you may reverse the locations of the policyholder's and
the insured's name, street address, city, state, and ZIP code for easier mailing.
Section 1.3 - Definitions
1.3.1 Form RecipientForm recipient means the person to whom you are required by law to furnish a copy of the of-
ficial form or information statement. The formrecipient may be referred to by different names
on various Forms 1099 and related forms (“payer,” “borrower,” “student,” “debtor,” “policy-
holder,” “insured,” “transferor,” “recipient,” “participant,” or, in the case of Form W-2G, the
“winner”). SeeSection 1.2.3earlier.
1.3.2 FilerFiler means the person or organization required by law to file a form listed inSection 1.1.2
with the IRS. As outlined earlier, a filer may be a payer, creditor, recipient of mortgage or stu-
dent loan interest payments, educational institution, broker, barter exchange, person reporting
real estate transactions, trustee or issuer of any individual retirement arrangement or medical
savings account, or lender who acquires an interest in secured property or who has reason to
know that the property has been abandoned.
1.3.3 Substitute FormSubstitute form means a paper substitute of Copy A of an official form listed inSection
1.1.2that totally conforms to the provisions in this revenue procedure.
1.3.4 Substitute Form Recipient
Statement
Substitute form recipient statement means a paper statement of the information reported on
a form listed inSection 1.1.2. This statement must be furnished to a person (form recipient),
as defined under the applicable provisions of the Code and the applicable regulations.
1.3.5 Composite Substitute
Statement
Composite substitute statement means one in which two or more required statements (for
example, Forms 1099-INT and 1099-DIV) are furnished to the recipient on one document.
However, each statement must be designated separately and must contain all the requisite Form
1099 information except as provided underSection 4.2. A composite statement may not be
filedwiththeIRS.
2004–41 I.R.B.607October 12, 2004

Part 2
Specifications for Substitute Forms 1096
and Copies A of Forms 1098, 1099,
and 5498 (All Filed with the IRS)
Section 2.1 - Specifications
2.1.1 General RequirementsForm identifying numbers (for example, 9191 for Form 1099-DIV) must be printed in non-
reflective black carbon-basedink in print positions 15 through 19 using an OCR A font. The
checkboxes to the right of the form identifying numbers must be 10-point boxes. The “VOID”
checkbox is in print position 25. The “CORRECTED” checkbox is in position 33. Measure-
ments are from the left edge of the paper, not including the perforated strip. SeeExhibits D
andM.
The substitute form must be an exact replica of the official IRS form with respect to layout
and content. To determine the correct form measurements, seeExhibits AthroughYat the end
of this publication.
Hot wax and cold carbon spots are not permitted on any of the internal form plies. These
spots are permitted on the back of a mailer top envelope ply.
Use of chemical transfer paper for Copy A is acceptable.
The Government Printing Office (GPO) symbol must be deleted.
2.1.2 Color and Paper QualityColor and paper quality for Copy A (cut sheets and continuous pinfeed forms) as specified
by JCP Code 0–25, dated November 29, 1978, must be white 100% bleached chemical wood,
optical character recognition (OCR) bond produced in accordancewith the following specifi-
cations.
Note.Reclaimed fiber in any percentage is permitted provided the requirements of this
standard are met.
• Acidity:Phvalue,average,notlessthan.............................4.5
• BasisWeight:17x22-500cutsheets ...............................18-20
• Metric equivalent–g/m
2
...........................................75
A tolerance of ±5 pct. is allowed.
• Stiffness: Average, each direction, not less than-milligrams............50
• Tearing strength: Average, eachdirection, not less than-grams.........40
• Opacity:Average,notlessthan-percent .............................82
• Thickness:Average-inch .......................................... 0.0038
• Metricequivalent-mm.............................................0.097
A tolerance of +0.0005 inch (0.0127 mm) is allowed. Paper cannot vary
more than 0.0004 inch (0.0102 mm) from one edge to the other.
• Porosity:Average,notlessthan-seconds ............................10
• Finish (smoothness): Average, each side-seconds.....................20-55
• Forinformationonly,theSheffieldequivalent-units................... 170-100
• Dirt: Average, each side, not to exceed-parts per million...............8
October 12, 20046082004–41 I.R.B.

2.1.3 Chemical Transfer PaperChemical transfer paper is permitted for Copy A only if the following standards are met:
•Only chemically backed paper is acceptable for Copy A. Front and back chemically treated
paper cannot be processed properly by machine.
•Carbon-coated forms are not permitted.
•Chemically transferred images must be black.
All copies must be clearly legible. Hot wax and cold carbon spots are not permitted for
Copy A. Interleaved carbon should be black and must be of good quality to assure legibility
on all copies and to avoid smudging. Fading must be minimized to assure legibility.
2.1.4 PrintingAll print on Copy A of Forms 1098, 1099, 5498, and the print on Form 1096 above the
statement, “Return this entire page to the Internal Revenue Service. Photocopies are not ac-
ceptable.” must be in Flint J–6983 red OCR dropout ink or an exact match. However, the
four-digit form identifying number must be in nonreflective carbon-based black ink in OCR A
font.
The shaded areas of any substitute form should generally correspond to the format of the
official form.
The printing for the Form 1096 statement and the following text may be in any shade or
tone of black ink. Black ink should only appear on the lower part of the reverse side of Form
1096, where it will not bleed through and interfere with scanning.
Note.The instructions on the front and back of Form 1096, which include filing addresses,
must be printed.
Separation between fields must be 0.1 inch.
Except for Form 1099-R and 1099-MISC, the numbered captions are printed as solid with
no shaded background.
Other printing requirements are discussed below.
2.1.5 OCR SpecificationsThe contractor must initiate or have a qualitycontrol program to assure OCR ink density.
Readings will be made when printed on approved 20 lb. white OCR bond with a reflectance of
not less than 80%. Black ink must not have a reflectance greater than 15%. These readings are
based on requirements of the “Scan-Optics Series 9000” Optical Scanner using Flint J–6983
red OCR dropout ink or an exact match.
The following testers and ranges are acceptable:
•MacBeth PCM-II. The tested Print Contrast Signal (PCS) values when using the MacBeth
PCM-II tester on the “C” scale must range from .01 minimum to .06 maximum.
•Kidder 082A. The tested PCS values when using the Kidder 082A tester on the Infra Red
(IR) scale must range from .12 minimum to .21 maximum. White calibration disc must be
100%. Sensitivity must be set at one (1).
•Alternative testers. Alternative testers must be approved by the Government so that tested
PCS values can be established. You may obtain approval by writing to the following ad-
dress:
Commissioner of Internal Revenue
Attn: SE:W:CAR:MP:P:B:T
Business Publishing – Tax Products
1111 Constitution Ave., NW
Washington, DC 20224
2004–41 I.R.B.609October 12, 2004

2.1.6
Typography
Type must be substantially identical in size and shape to the official form. All rules are
either
1
/2-point or
3
/4-point. Rules must be identical to those on the official IRS form.
Note.The form identifying number must be nonreflective carbon-based black ink in OCR
A font.
2.1.7 DimensionsGenerally, three Forms 1098, 1099, or 5498 (Copy A) are contained on a single page, 8
inches wide (without any snap-stubs and/or pinfeed holes) by 11 inches deep.
Exceptions.Forms 1099-B, 1099-DIV, 1099-MISC, 1099-R, and 1042-S contain tw
o doc-
uments per page.
There is a .33 inch top margin from the top of the corrected box, and a .25 inch right margin.
There is a
1
/32(0.0313) inch tolerance for the right margin. If the right and top margins are
properly aligned, the left margin for all forms will be correct. All margins must be free of
print. SeeExhibits AthroughYin this publication for the correct form measurements.
These measurements are constant for all Forms 1098, 1099, and 5498. These measurements
are shown only once in this publication, on Form 1098 (Exhibit B). Exceptions to these mea-
surements are shown on the rest of the exhibits.
The depth of the individual trimsize of each form on a page must be 3
2
/3inches, the same
depth as the official form.
Exceptions.The depth of Forms 1099-B, 1099-DIV, 1099-MISC, 1099-R, and 1042-S is
5
1
/2inches.
2.1.8 PerforationCopy A (three per page; two per page for Forms 1099-B, 1099-DIV, 1099-MISC, 1099-R,
and 1042-S) of privately printed continuous substitute forms must be perforated at each 11"
page depth. No perforations are allowed between the 3
2
/3"forms(5
1
/2" for Forms 1099-B,
1099-DIV, 1099-MISC, or 1099-R) on a single copy page of Copy A.
The words “Do Not Cut or Separate Forms on This Page” must be printed in red dropout
ink (as required by form specifications) between the threeforms (two for Forms 1099-B,
1099-DIV, 1099-MISC, or 1099-R).
Note.Perforations are required between all theother individual copies (Copies B and C,
and Copies 1 and 2 for Forms 1099-R and 1099-MISC, and Copy D for Forms 1099-LTC and
1099-R) in the set.
2.1.9 What To IncludeYou must include the OMB Number on Copies A and Form 1096 in the same location as
on the official form.
The words “For Privacy Act and Paperwork Reduction Act Notice, see the 2004 General
Instructions for Forms 1099, 1098, 5498, and W-2G” must be printed on Copy A; “For more
information and the Privacy Act and Paperwork Reduction Act Notice, see the 2004 General
Instructions for Forms 1099, 1098, 5498, and W-2G” must be printed on Form 1096.
A postal indicia may be used if it meets the following criteria:
•It is printed in the OCR ink color prescribed for the form, and
•No part of the indicia is within one print position of the scannable area.
The printer's symbol (GPO) must not be printed on substitute Copy A. Instead, the employer
identification number (EIN) of the forms printer must be entered in the bottom margin on the
face of each individual form of Copy A, or on the bottom margin on the back of each Form
1096.
October 12, 20046102004–41 I.R.B.

The Catalog Number (Cat. No.) shown on the 2004 forms is used for IRS distribution
purposes and need not be printed on any substitute forms.
The form must not contain the statement “IRS approved” or any similar statement.
Section 2.2 - Instructions for Preparing Paper Forms That Will Be Filed with the IRS
2.2.1 Recipient InformationThe form recipient's name, street address, city, state, ZIP code, and telephone number (if
required) should be typed or machine printed in black ink in the same format as shown on the
official IRS form. The city, state, and ZIP code must be on the same line.
The following rules apply to theform recipient's name(s):
•The name of the appropriate form recipient must be shown on the first or second name line
in the area provided for the form recipient's name.
•No descriptive information or other name may precede the form recipient's name.
•Only one form recipient's name may appear on the first name line of the form.
•If the multiple recipients' names are required on the form, enter on the first name line the re-
cipient name that corresponds to the recipient taxpayer identification number (TIN) shown
on the form. Place the other form recipients' names on the second name line (only 2 name
lines are allowable).
Because certain states require that trust accounts be provided in a different format, generally
filers should provide information returns reflecting payments to trust accounts with the:
•Trust's employer identification number (EIN) in the recipient's TIN area,
•Trust's name on the recipient's first name line, and
•Name of the trustee on the recipient's second name line.
Although handwritten forms will be accepted,the IRS prefers that filers type or machine
print data entries. Also, filers should insertdata in the middle of blocks well separated from
other printing and guidelines, and take measuresto guarantee clear, dark black, sharp images.
Carbon copies and photocopies are not acceptable.
2.2.2 Account Number BoxUse the account number box on all Forms 1098, 1099, 5498, and W-2G for an account num-
ber designation. The account number is required if you have multiple accounts for a recipient
for whom you are filing more than one information return of the same type. Additionally, the
IRS encourages you to include the recipient’saccount number on paper forms if your system of
records uses the account number rather than the name or TIN for identification purposes. Also,
the IRS will include the account number in future notices to you about backup withholding.
If you use window envelopes and a reduced rate tomail statements to recipients, be sure the
account number does not appear in the window. Otherwise, the Postal Service may not accept
them for mailing.
Exception.Form 1098-T can have third party provider information.
2.2.3 Specifications and
Restrictions
Machine-printed forms should be printed using a 6 lines/inch option, and should be printed
in 10 pitch pica (10 print positions per inch) or12 pitch elite (12 print positions per inch).
Proportional spaced fonts are unacceptable.
Substitute forms prepared in continuous or strip form must be burst and stripped to conform
to the size specified for a single sheet before they are filed with the IRS. The size specified does
not include pin feed holes. Pin feed holes must not be present on forms filed with the IRS.
2004–41 I.R.B.611October 12, 2004

Do not:
•Use a felt tip marker. The machine used to “read” paper forms generally cannot read this
ink type.
•Use dollar signs ($), ampersands (&), asterisks (*), commas (,), or other special characters
in the numbered money boxes.
Exception.Use decimal points to indicate dollars and cents (for example, 2000.00 is
acceptable).
•Fold Forms 1096, 1098, 1099, or 5498 mailed to the IRS. Mail these forms flat in an ap-
propriately sized envelope or box. Folded documents cannot be readily moved through the
machine used in IRS processing.
•Staple Forms 1096 to the transmitted returns. Any staple holes near the return code number
may impair the IRS's ability to machine scan the type of documents.
•Type other information on Copy A.
•Cut or separate the individual forms on the sheet of forms of Copy A (except Forms W-2G).
2.2.4 Where To FileMail completed paper forms to the IRS service center shown in the Instructions for Form
1096 and in the 2004 General Instructions for Forms 1099, 1098, 5498, and W-2G. Specific
information needed to complete the forms mentioned in this revenue procedure are given in
the specific form instructions. A chart is included in the 2004 General Instructions for Forms
1099, 1098, 5498, and W-2G giving a quick guide to which form must be filed to report a
particular payment.
Part 3
Specifications for Substitute Form
W-2G (Filed with the IRS)
Section 3.1 - General
3.1.1 PurposeThe following specifications give the format requirements for substitute Form W-2G (Copy
A only), which is filed with the IRS.
A filer may use a substitute Form W-2G to file with the IRS (referred to as “substitute Copy
A”). The substitute form must be an exact replica of the official form with respect to layout
and content.
Section 3.2 - Specifications for Copy A of Form W-2G
3.2.1 Substitute Form W-2G
(Copy A)
You must follow these specifications when printing substitute Copy A of the Form W-2G.
ItemSubstitute Form W-2G (Copy A)
Paper Color and
Quality
Paper for Copy A must be white chemical wood bond, or equivalent,
20 pound (basis 17 x 22-500), plus or minus 5 percent. The paper
must consist substantially of bleached chemical wood pulp. It must
be free from unbleached or ground wood pulp or post-consumer
recycled paper. It also must be suitably sized to accept ink without
feathering.
Ink Color and
Quality
All printing must be in a high quality nongloss black ink.
October 12, 20046122004–41 I.R.B.

ItemSubstitute Form W-2G (Copy A)
TypographyThe type must be substantially identical in size and shape to the
official form. All rules on the document are either
1
/2point (.007
inch), 1 point (0.015 inch), or 3 point (0.045). Vertical rules must
be parallel to the left edge of the document, horizontal rules to the
top edge.
DimensionsThe official form is 8 inches wide x 3
2
/3inches deep, exclusive of a
2
/3inch snap stub on the left side of the form. Any substitute Copy
A must be the same dimensions. The snap feature is not required
on substitutes. All margins must be free of print. The top and right
margins must be
1
/4inch plus or minus .0313. If the top and right
margins are properly aligned, the left margin for all forms will be
correct. If the substitute forms are in continuous or strip form,
they must be burst and strippedto conform to the size specified
for a single form.
Hot Wax and Cold
Carbon Spots
Hot wax and cold carbon spots are not permitted on any of the
internal form plies. These spots are permitted on the back of a
mailer top envelope ply. Interleaved carbons, if used, should be
black and of good quality to avoid smudging.
Printer’s SymbolThe Government Printing Office (GPO) symbol must not be printed
on substitute Forms W–2G. Instead, the employer identification
number (EIN) of the forms printer must be printed in the bottom
margin on the face of each individual Copy A on a sheet. The
form must not contain the statement “IRS approved” or any similar
statement.
Catalog NumberThe Catalog Number (Cat. No.) shown on Form W-2G is used for
IRS distribution purposes and need not be printed on any substitute
forms.
Part 4
Substitute Statements to Form Recipients and
Form Recipient Copies
Section 4.1 - Specifications
4.1.1 IntroductionIf you do not use the official IRS form to furnishstatements to recipients, you must furnish
an acceptable substitute statement. To be acceptable, your substitute statement must comply
with the rules in this section. If you are furnishing a substitute form, see Regulations sec-
tions 1.6042-4, 1.6044-5, 1.6049-6, and 1.6050N-1 to determine how the following statements
must be provided to recipients (statement mailing requirements for most Forms 1099-DIV and
1099-INT, all Forms 1099-OID and 1099-PATR, and Form 1099-MISC or 1099-S for royal-
ties). However, all information returns may befurnished electronically with the consent of the
recipient. See Section 4.5.1.
Note.A trustee of a grantor-type trust may choose to file Forms 1099 and furnish a state-
ment to the grantor under Regulations sections 1.671-4(b)(2)(iii) and (b)(3)(ii). The statement
required by those regulations is not subjectto the requirements outlined in this section.
4.1.2 Substitute Statements to
Recipients for Certain Forms
1099-INT and 1099-DIV, and for
Forms 1099-OID and 1099-PATR
The rules in this section apply to Form 1099-INT(except for interest reportable under sec-
tion 6041), 1099-DIV (except for section 404(k) dividends), 1099-OID, and 1099-PATR only.
You may furnish form recipients with Copy B of the official Form 1099 or a substitute Form
1099 (form recipient statement) if it contains the same language as the official IRS form (such
2004–41 I.R.B.613October 12, 2004

as aggregate amounts paid to the form recipient, any backup withholding, the name, address,
and TIN of the person making the return, and any other information required by the official
form). Except for state income tax withholding information, information not required by the
official form should not be included on the substitute form.
You may enter a total of the individual accounts listed on the form only if they have been
paid by the same payer. For example, if you are listing interest paid on several accounts by
one financial institution on Form 1099-INT, you may also enter the total interest amount. You
may also enter a date next to the corrected box if that box is checked.
A substitute form recipient statement for Forms 1099-INT, 1099-DIV, 1099-OID, or
1099-PATR must comply with the following requirements:
(1) Box captions and numbers that are applicable must be clearly identified, using the same
wordingandnumberingasontheofficialform.
Note.For Form 1099-INT, if box 3 is not on your substitute form, you may drop “not included
in box 3” from the box 1 caption.
(2) The form recipient statement (Copy B) must contain all applicable form recipient in-
structions provided on the front and back of the official IRS form. Those instructions may be
provided on a separate sheet of paper.
(3) The form recipient statement must contain the following in bold and conspicuous type:
This is important tax information and is being furnished to the Internal Revenue
Service. If you are required to file a return, a negligence penalty or other sanction
may be imposed on you if this income is taxable and the IRS determines that it has
not been reported.
(4) The box caption“Federal income tax withheld”must be in boldface type on the form
recipient statement.
(5) The form recipient statement must contain the Office of Management and Budget
(OMB) number as shown on the official IRS form. SeePart 5.
(6) The form recipient statement must contain the tax year (for example, 2004), form num-
ber (for example, Form 1099-INT), and form name (for example, Interest Income) of the offi-
cial IRS Form 1099. This information must be displayed prominently together in one area of
the statement. For example, the tax year, form number, and form name could be shown in the
upper right part of the statement. Each copy must be appropriately labeled (such as Copy B,
For Recipient). SeeSection 4.4for applicable labels and arrangement of assembly of forms.
Note.Do not include the words “Substitute for” or “In lieu of” on the form recipient statement.
(7) Layout and format of the form is at the discretion of the filer. However, the IRS en-
courages the use of boxes so that the statement has the appearance of a form and can be easily
distinguished from other nontax statements.
(8) Each recipient statement of Forms 1099-DIV, 1099-INT, 1099-OID, and 1099-PATR
must include the direct access telephone number of an individual who can answer questions
about the statement. Include that telephone number conspicuously anywhere on the recipient
statement.
(9) Until new regulations are issued, the IRS will not assess penalties for use of a logo
(for example, the name of the payer in any typeface, font, or style, and/or a symbolic icon) or
slogan on a recipient statement if the logo or slogan is used by the payer in the ordinary course
of its trade or business. In addition, use of the logo or slogan must not make it less likely for a
reasonable payee to recognize the importance of the statement for tax reporting purposes.
(10) A mutual fund family may state separatelyononedocument(for example, one piece
of paper) the dividend income earned by a recipient from each fund within the family of funds
as required by Form 1099-DIV. However, each fundand its earnings must be stated separately.
The form must contain an instruction to the recipient that each fund’s dividends and name, not
thenameofthemutualfundfamily,mustbereported on the recipient’s tax return. The form
cannot contain an aggregate total of all funds. In addition, a mutual fund family may furnish a
single statement (as a single filer) for Forms 1099-INT, 1099-DIV, and 1099-OID information.
Each fund and its earnings must be stated separately. The form must contain an instruction
October 12, 20046142004–41 I.R.B.

to the recipient that each fund’s earnings and name, not the name of the mutual fund family,
must be reported on the recipient’s tax return. The form cannot contain an aggregate total of
all funds.
4.1.3 Substitute Statements to
Recipients for Certain Forms
1098, 1099, 5498, and W-2G
Statements to form recipients for Forms 1098, 1098-E, 1098-T, 1099-A, 1099-B, 1099-C,
1099-CAP, 1099-G, 1099-H, 1099-LTC, 1099-MISC, 1099-Q, 1099-R, 1099-S, 1099-SA,
5498, 5498-ESA, 5498-SA, W-2G, 1099-DIV (only for section 404(k) dividends reportable
under section 6047), and 1099-INT (only for interest of $600 or more made in the course of
a trade or business reportable under section 6041) can be copies of the official forms or an
acceptable substitute. To be acceptable, a substitute form recipient statement must meet the
following requirements.
(1) The tax year, form number, and form name must be the same as the official form and
must be displayed prominently together in onearea on the statement. For example, they may
be shown in the upper right part of the statement.
(2) The filer’s and the form recipient’s identifying information required on the official IRS
form must be included.
(3) Each substitute recipient statement for Forms W-2G, 1098, 1098-E, 1098-T, 1099-A,
1099-B, 1099-CAP, 1099-DIV, 1099-G (excluding state and local income tax refunds), 1099-H,
1099-INT, 1099-LTC, 1099-MISC (excluding fishing boat proceeds), 1099-OID, 1099-PATR,
1099-Q, and 1099-S must include the direct access telephone number of an individual who can
answer questions about the statement. Include the telephone number conspicuously anywhere
on the recipient statement. Although not required, payers reporting on Forms 1099-C, 1099-R,
1099-SA, 5498, 5498-ESA, and 5498-SA are encouraged to furnish telephone numbers.
(4) All applicable money amounts and information, including box numbers, required to be
reported to the form recipient must be titled on the form recipient statement in substantially the
same manner as those on the official IRS form.The box caption “Federal income tax withheld”
must be in boldface type on the form recipient statement.
Exception.If you are reporting a payment as “Other income” in box 3 of Form 1099-MISC,
you may substitute appropriate language for the box title. For example, for payments of ac-
crued wages and leave to a beneficiary of a deceased employee, you might change the title of
box 3 to “Beneficiary payments” or something similar.
Note.You cannot make this change on Copy A.
Note.If federal income tax is withheld and shown on Form 1099-R or W-2G, Copy B and
Copy C must be furnished to the recipient. If federal income tax is not withheld, only Copy C
of Form 1099-R and W-2G must be furnished. However, for Form 1099-R, instructions similar
to those on the back of the official Copy B and Copy C of Form 1099-R must be furnished to the
recipient. For convenience, you may choose to provide both Copies B and C of Form 1099-R
to the recipient.
(5) You must provide appropriate instructionsto the form recipient similar to those on the
official IRS form, to aid in the proper reporting on the form recipient’s income tax return. For
payments reported on Forms 1099-B, and 1099-CAP, the requirement to include instructions
substantially similar to those on the official IRS form may be satisfied by providing form recip-
ients with a single set of instructions for all Forms 1099-B and 1099-CAP statements required
to be furnished in a calendar year.
(6) If you use carbon to produce recipient statements, the quality of the carbon must meet
the following standards:
•All copies must be clearly legible,
•All copies must be able to be photocopied, and
•Fading must not diminish legibility and the ability to photocopy.
In general, black chemical transfer inks are preferred, but other colors are permitted if the above
standards are met. Hot wax and cold carbon spots are not permitted on any of the internal form
plies. The back of a mailer top envelope ply may contain these spots.
(7) A mutual fund family may state separately on one document (for example, one piece
of paper) the Form 1099-B information for a recipient from each fund as required by Form
1099-B. However, the gross proceeds, etc., from each transaction within a fund must be stated
separately. The form must contain an instruction to the recipient that each fund’s (not the
2004–41 I.R.B.615October 12, 2004

mutual fund family’s) name and amount must be reported on the recipient’s tax return. The
form cannot contain an aggregate total of all funds.
(8) You may use a Uniform Settlement Statement (under the Real Estate Settlement Proce-
dures Act of 1974 (RESPA)) for Form 1099-S. The Uniform Settlement Statement is acceptable
as the written statement to the transferorif you include the legend for Form 1099-S inSection
4.3.2and indicate which information on the Uniform Settlement Statement is being reported
to the IRS on Form 1099-S.
(9) For reporting state income tax withholding and state payments, you may add an addi-
tional box(es) to recipient copies as appropriate.
Note.You cannot make this change on Copy A.
(10) On Copy C of Form 1099-LTC, you may reverse the location of the policyholder’s and
the insured’s name, street address, city, state, and ZIP code for easier mailing.
(11) If an institution insurer uses a third party service provider to file Form 1098-T, then in
addition to the institution or insurers name, address, and telephone number, the same informa-
tion may be included for the third party service provider in the space provided on the form.
(12) Logos are permitted on substitute recipient statements for the forms listed in this section
(Section 4.1.3).
Section 4.2 - Composite Statements
4.2.1 Composite Substitute
Statements for Certain Forms
1099-INT, 1099-DIV, 1099-MISC,
and 1099-S, and for Forms
1099-OID and 1099-PATR
A composite form recipient statement is permitted for reportable payments of interest, div-
idends, original issue discount, patronage dividends, and royalties (Forms 1099-INT (except
for interest reportable under section 6041), 1099-DIV (except for section 404(k) dividends),
1099-MISC or 1099-S (for royalties only),1099-OID, or 1099-PATR) when one payer is re-
porting more than one of these payments during a calendar year to the same form recipient.
Generally, do not include any other Form 1099 information (for example, 1098 or 1099-A)
on a composite statement with the information required on the forms listed in the preceding
sentence.
Exception.A filer may include Form 1099-B information on a composite form with the
forms listed above.
Although the composite form recipient statement may be on one sheet, the format of the
composite form recipient statement must satisfy the following requirements in addition to the
requirements listed earlier inSection 4.1.2.
•All information pertaining to a particular type of payment must be located and blocked
together on the form and separate from any information covering other types of payments
included on the form. For example, if you are reporting interest and dividends, the Form
1099-INT information must be presented separately from the Form 1099-DIV information.
•The composite form recipient statement must prominently display the tax year, form num-
ber, and form name of the official IRS form together in one area at the beginning of each
appropriate block of information.
•Any information required by the official IRS forms that would otherwise be repeated in
each information block is required to be listed only once in the first information block on
the composite form. For example, there is no requirement to report the name of the filer
in each information block. This rule does notapply to any money amounts (for example,
federal income tax withheld) or to any other information that applies to money amounts.
•A composite statement is an acceptable substitute only if the type of payment and the recip-
ient’s tax obligation with respect to the payment are as clear as if each required statement
were furnished separately on an official form.
4.2.2 Composite Substitute
Statements to Recipients for
Forms Specified in Section 4.1.3
A composite form recipient statement for the forms specified inSection 4.1.3is permitted
when one filer is reporting more than one type of payment during a calendar year to the same
form recipient. A composite statement is not allowed for a combination of forms listed in
Section 4.1.3and forms listed inSection 4.1.2.
October 12, 20046162004–41 I.R.B.

Exceptions:
•Substitute payments in lieu of dividends reported in Box 8 of Form 1099-MISC may be
reported on a composite substitute statement with Form 1099-DIV.
•Form 1099-B information may be reported on a composite form with the forms specified
inSection 4.1.2as described inSection 4.2.1.
•Forms 1099-A and 1099-C transactions, if related, may be combined on Form 1099-C.
•Royalties reported on Form 1099-MISC or 1099-S may be reported on a composite form
only with the forms specified in Section 4.1.2.
Although the composite form recipient statement may be on one sheet, the format of the
composite form recipient statement must satisfy the requirements listed inSection 4.2.1as well
as the requirements inSection 4.1.3. A composite statement of Forms 1098 and 1099-INT (for
interest reportable under section 6049) is not allowed.
Section 4.3 - Required Legends
4.3.1 Required Legends for
Forms 1098
Form 1098 recipient statements (Copy B) must contain the following legends:
•Form 1098-
(1) “The information in boxes 1, 2, and 3 is important tax information and is being fur-
nished to the Internal Revenue Service. If you arerequired to file a return, a negligence penalty
or other sanction may be imposed on you if the IRS determines that an underpayment of tax
results because you overstated a deduction for this mortgage interest or for these points or be-
cause you did not report this refund of interest on your return.”
(2) “Caution.The amount shown may not be fully deductible by you. Limits based on the
loan amount and the cost and value of the secured property may apply. Also, you may only
deduct interest to the extent it was incurred by you, actually paid by you, and not reimbursed
by another person.”
•Form 1098-E -“This is important tax information and is being furnished to the Internal
Revenue Service. If you are required to file a return, a negligence penalty or other sanction
may be imposed on you if the IRS determines that an underpayment of tax results because
you overstated a deduction for student loan interest.”
•Form 1098-T -“This is important tax information and is being furnished to the Internal
Revenue Service.”
4.3.2 Required Legends for Forms
1099 and W-2G
•Forms 1099-A, 1099-C, and 1099-CAP:
Copy B-“This is important tax information and is being furnished to the Internal Rev-
enue Service. If you are required to file a return, a negligence penalty or other sanction may
be imposed on you if taxable income results from this transaction and the IRS determines
that it has not been reported.”
•Forms 1099-B, 1099-DIV, 1099-G, 1099-INT, 1099-MISC, 1099-OID, 1099-PATR, and
1099-Q:
Copy B-“This is important tax information and is being furnished to the Internal Rev-
enue Service. If you are required to file a return, a negligence penalty or other sanction
may be imposed on you if this income is taxable and the IRS determines that it has not
been reported.”
•Forms 1099-H:
Copy B-“This is important tax information and is being furnished to the Internal Rev-
enue Service.”
2004–41 I.R.B.617October 12, 2004

•Form 1099-LTC:
Copy B-“This is important tax information and is being furnished to the Internal Rev-
enue Service. If you are required to file a return, a negligence penalty or other sanction
may be imposed on you if this item is required to be reported and the IRS determines that
it has not been reported.”
Copy C-“Copy C is provided to you for information only. Only the policyholder is
required to report this information on a tax return.”
•Form 1099-R:
Copy B-“Report this income on your federal tax return. If this form shows federal in-
come tax withheld in box 4, attach this copy to your return.”
Copy C-“This information is being furnished to the Internal Revenue Service.”
•Form 1099-S:
Copy B-“This is important tax information and is being furnished to the Internal Rev-
enue Service. If you are required to file a return, a negligence penalty or other sanction
may be imposed on you if this item is required to be reported and the IRS determines that
it has not been reported.”
•Form 1099-SA:
Copy B-“This information is being furnished to the Internal Revenue Service.”
•Form W-2G:
Copy B-“This information is being furnished to the Internal Revenue Service. Report
this income on your federal tax return. If this form shows federal income tax withheld in
box 2, attach this copy to your return.”
Copy C-“This is important tax information and is being furnished to the Internal Rev-
enue Service. If you are required to file a return, a negligence penalty or other sanction
may be imposed on you if this income is taxable and the IRS determines that it has not
been reported.”
4.3.3 Required Legends for
Forms 5498
Form 5498 recipient statements (Copy B) must contain the following legends:
•Form 5498-“This information is being furnished to the Internal Revenue Service.”
Note.If you do not furnish another statement to the participant because no contributions
were made for the year, the statement of the fair market value and any required minimum
distribution, of the account must contain this legend and a designation of which information
is being furnished to the IRS.
•Form 5498-ESA -“The information in boxes 1 and 2 is being furnished to the Internal
Revenue Service.”
•Form5498-SA-“Theinformationinboxes1through6isbeingfurnishedtotheInternal
Revenue Service.”
Section 4.4 - Miscellaneous Instructions for Copies B, C, D, 1, and 2
4.4.1 CopiesCopies B, C, and in some cases, D, 1, and 2 are included in the official assembly for the
convenience of the filer. You are not legally required to include all these copies with the pri-
vately printed substitute forms. Furnishing Copies B and, in some cases, C will satisfy the
legal requirement to provide statements of information to form recipients.
Note.If an amount of federal income tax withheld is shown on Form 1099-R or W-2G,
Copy B (to be attached to the tax return) and Copy C must be furnished to the recipient. Copy
D (Forms 1099-R and W-2G) may be used for filer records. Only Copy A should be filed with
the IRS.
4.4.2 Arrangement of AssemblyCopy A (“For Internal Revenue Service Center”) of all forms must be on top. The rest of
the assembly must be arranged, from top to bottom, as follows. For:
•Form 1098 - Copy B “For Payer”; Copy C “For Recipient.”
October 12, 20046182004–41 I.R.B.

•Form 1098-E - Copy B “For Borrower”; Copy C “For Recipient.”
•Form 1098-T - Copy B “For Student”; Copy C “For Filer.”
•Form 1099-A - Copy B “For Borrower”; Copy C “For Lender.”
•Forms 1099-B, 1099-DIV, 1099-G, 1099-H,1099-INT, 1099-OID, 1099-PATR, 1099-Q,
and 1099-SA - Copy B “For Recipient”; Copy C “For Payer.”
•Form 1099-C - Copy B “For Debtor”; Copy C “For Creditor.”
•Form 1099-CAP - Copy B “For Shareholder”; Copy C “For Corporation.”
•Form 1099-LTC - Copy B “For Policyholder”; Copy C “For Insured”; and Copy D “For
Payer.”
•Form 1099-MISC - Copy 1 “For State Tax Department”; Copy B “ForRecipient”; Copy
2 “To be filed with recipient’s state incometax return, when required”; and Copy C “For
Payer.”
•Form 1099-R - Copy 1 “For State, City, or Local Tax Department”; Copy B “Report this
income on your federal tax return. If this form shows federal income tax withheld in box
4, attach this copy to your return”; Copy C “For Recipient’s Records”; Copy 2 “File this
copy with your state, city, or local income tax return, when required”; Copy D “For Payer.”
•Form 1099-S - Copy B “For Transferor”; Copy C “For Filer.”
•Form 5498 - Copy B “For Participant”; Copy C “For Trustee or Issuer.”
•Form 5498-ESA - Copy B “For Beneficiary”; Copy C “For Trustee.”
•Form 5498-SA - Copy B “For Participant”; Copy C “For Trustee.”
•Form W-2G - Copy 1 “For State Tax Department”; Copy B “Report this income on your
federal tax return. If this form shows federal income tax withheld in box 2, attach this copy
to your return”; Copy C “For Winner’s Records”; Copy 2 “Attach this copy to your state
income tax return, if required.”; Copy D “For Payer.”
4.4.3 PerforationsPerforations are required between forms on all copies except Copy A to make separating
the forms easier. (Copy A of Form W-2G may be perforated.)
Section 4.5 - Electronic Delivery of Form 1099 and Form 5498 Payee Statements
4.5.1 Electronic Recipient
Statements
If you are required to furnish a written statement (Copy B or an acceptable substitute) to a
recipient, then you may furnish the statement electronically instead of on paper. This includes
furnishing the statement to recipients of Forms 1098, 1098-E, 1098-T, 1099-A, B, C, CAP,
DIV, H, INT, G, LTC, MISC, OID, PATR, Q, R, S, SA, 5498, 5498-ESA, and 5498-SA. It also
includes Form W-2G (except for horse and dog racing, jai alai, sweepstakes, wagering pools,
and lotteries).
If you meet the requirements listed below, you are treated as furnishing the statement timely.
ConsentThe recipient must consent in the affirmative and not have withdrawn the consent before
the statement is furnished. The consent by therecipient must be made electronically in a way
that shows that he or she can access the statement in the electronic format in which it will be
furnished.
You must notify the recipient of any hardware or software changes prior to furnishing the
statement. A new consent to receive the statement electronically is required after the new
hardware or software is put into service.
Prior to furnishing the statements ele
ctronically, you must provide the recipient a statement
with the following statements promin
ently displayed:
•If the recipient does not consent to receive the statement electronically, a paper copy will
be provided.
2004–41 I.R.B.619October 12, 2004

•The scope and duration of the consent. For example, whether the consent applies to every
year the statement is furnished or only for the January 31 immediately following the date
of the consent.
•How to obtain a paper copy after giving consent.
•How to withdraw the consent. The consent may be withdrawn at any time by furnishing
the withdrawal in writing (electronically oron paper) to the person whose name appears
on the statement. Confirmation of the withdrawal also will be in writing (electronically or
on paper).
•Notice of termination. The notice must state under what conditions the statements will no
longer be furnished to the recipient.
•Procedures to update the recipient’s information.
•A description of the hardware and software required to access, print and retain a statement,
and a date the statement will no longer be available on the website.
Format, Posting, and NotificationAdditionally, you must:
•Ensure the electronic format contains all therequired information and complies with the
guidelines in this document.
•Post, on or before the January 31 due date, theapplicable statement on a website accessible
to the recipient through October 15 of that year.
•Inform the recipient, electronically or by mail, of the posting and how to access and print
the statement.
For more information, see Regulations section 31.6051-1. For electronic furnishing of
Forms 1098-E and 1098-T, see Regulations section 1.6050S-2. For electronic furnishing of
Forms 1099-R, 1099-SA, 1099-Q, 5498, 5498-ESA, and 5498-SA, see Notice 2004-10, 2004-6
I.R.B. 433.
Part 5
Additional Instructions for Substitute
Forms 1098, 1099, 5498, W-2G, and 1042-S
Section 5.1 - Paper Substitutes for Form 1042-S
5.1.1 Paper SubstitutesPaper substitutes of Copy A for Form 1042-S,Foreign Person’s U.S. Source Income Subject
to Withholding, that totally conform to the specifications contained in this procedure may be
privately printed without prior approval from the Internal Revenue Service. Proposed substi-
tutes not conforming to these specifications must be submitted for consideration.
Note.Copies B, C, D, and E of Form 1042-S may contain multiple income entries for the
same recipient, that is multiple rows of the top boxes 1-8 of the Form.
5.1.2 Time Frame For Submission
of Form 1042-S
The request should be submitted by November 15 of the year prior to the year the form is
to be used. This is to allow the Service adequate time to respond and the submitter adequate
time to make any corrections. These requests should contain a copy of the proposed form, the
need for the specific deviation(s), and the number of information returns to be printed.
5.1.3 RevisionsForm 1042-S is subject to annual review and possible change. Withholding agents and form
suppliers are cautioned against overstocking supplies of the privately printed substitutes.
October 12, 20046202004–41 I.R.B.

5.1.4 Obtaining CopiesCopies of the official form for the reporting year may be obtained from most Service offices.
The Service provides only cut sheets (no carbon interleaves) of these forms. Continuous fan-
fold/pin-fed forms are not provided.
5.1.5 Instructions For
Withholding Agents
Instructions for withholding agents:
•Only original copies may be filed with the Service. Carbon copies and reproductions are
not acceptable.
•The term “Recipient’s U.S. TIN” for an individual means the social security number (SSN)
or IRS individual taxpayer identification number (ITIN), consisting of nine digits sepa-
rated by hyphens as follows: 000-00-0000. For all other recipients, the term means em-
ployer identification number (EIN) or qualified intermediary employer identification num-
ber (QI-EIN). The QI-EIN designation includes a withholding foreign partnership employer
identification number (WP-EIN) and a withholding foreign trust employer identification
number (WT-EIN). The EIN and QI-EIN consist of nine digits separated by a hyphen as
follows: 00-0000000. The taxpayer identification number (TIN) must be in one of these
formats.
•Withholding agents are requested to type or machine print whenever possible, provide qual-
ity data entries on the forms (that is, use black ribbon and insert data in the middle of blocks
well separated from other printing and guidelines), and take other measures to guarantee a
clear, sharp image. Withholding agents are notrequired, however, to acquire special equip-
ment solely for the purpose of preparing these forms.
•The “VOID,” “CORRECTED,” and “PRO-RATA BASIS REPORTING” boxes must be
printed at the top center of the form underthe title and checked, if applicable.
•Substitute forms prepared in continuous or strip form must be burst and stripped to conform
to the size specified for a single form beforethey are filed with the Service. The dimen-
sions are found below. Computer cards are acceptable provided they meet all requirements
regarding layout, content, and size.
5.1.6 Substitute Form 1042-S
Format RequirementsPropertySubstitute Form 1042-S Format Requirements
PrintingPrivately printed substitute Forms 1042-S must be exact replicas
of the official forms with respect to layout and content. Only the
dimensions of the substitute form may differ. The Government
Printing Office (GPO) symbol must be deleted. The exact dimensions
are found below.
Box EntriesOnly one item of income may be represented on the copy submitted
to the Service (Copy A). Multiple income items may be shown on
copies provided to recipients or retained by withholding agent. All
boxes appearing on the official form must be present on the substitute
form, with appropriate captions.
Color and Quality
of Ink
All printing must be in high quality non-gloss black ink. Bar codes
should be free from picks and voids.
TypographyType must be substantially identical in size and shape to
corresponding type on the official form. All rules on the document
are either 1 point (0.015") or 3 point (0.045"). Vertical rules must be
parallel to the left edge of the document; horizontal rules must be
parallel to the top edge.
CarbonsCarbonized forms or “spot carbons” are not permissible. Interleaved
carbons, if used, must be of good quality to preclude smudging and
should be black.
2004–41 I.R.B.621October 12, 2004

PropertySubstitute Form 1042-S Format Requirements
AssemblyIf all five parts are present, theparts of the assembly shall be arranged
from top to bottom as follows: Copy A (Original) “for Internal
Revenue Service,” Copies B, C, and D “for Recipient,” and Copy E
“for Withholding Agent.”
• Paper for Copy A must be white chemical wood bond, or
equivalent, 20 pound (basis 17 x 22–500), plus or minus 5
percent; or offset book paper, 50 pound (basis 25 x 38–500). No
optical brighteners may be added to the pulp or paper during
manufacture. The paper must consist of principally bleach
chemical wood pulp or recycled printed paper. It also must be
suitably sized to accept ink without feathering.
Color Quality of
Paper
• Copies B, C, D (for Recipient), and E (For Withholding Agent)
are provided in the official assembly solely for the convenience
of the withholding agent. Withholding agents may choose the
format, design, color, and quality of the paper used for these
copies.
• The official form is 8 inches wide x 5
1
/2inches deep, exclusive
of a
1
/2inch snap stub on the left side of the form. The snap
feature is not required on substitutes.
• The width of a substitute Copy A must be a minimum of 7 inches
and a maximum of 8 inches, although adherence to the size of
the official form is preferred. If the width of substitute Copy A
is reduced from that of the official form, the width of each field
on the substitute form must be reduced proportionately. The left
margin must be
1
/2inch and free of all printing other than that
shown on the official form.
Dimensions
• The depth of a substitute Copy A must be a minimum of 5
1
/6
inches and a maximum of 5
1
/2inches.
Other CopiesCopies B, C, and D must be furnished for the convenience of payees
who must send a copy of the form with other federal and state returns
they file. Copy E may be used as a withholding agent’s record/copy.
Section 5.2 - OMB Requirements for All Forms in This Revenue Procedure
5.2.1 OMB RequirementsThe Paperwork Reduction Act (the Act) of 1995 (Public Law 104-13) requires that:
•OMB approves all IRS tax forms that are subject to the Act. Each IRS form contains
(in or near the upper right corner) the OMB approval number, if any. (The official OMB
numbers may be found on the official IRS printed forms and are also shown on the forms
in the exhibits inPart 6.)
•Each IRS form (or its instructions) states:
(1) Why the IRS needs the information,
(2) How it will be used, and
(3) Whether or not the information is required to be furnished to the IRS.
This information must be provided to any users of official or substitute IRS forms or in-
structions.
October 12, 20046222004–41 I.R.B.

5.2.2 Substitute Form
Requirements
The OMB requirements for substitute IRS forms are:
•Any substitute form or substitute statement to a recipient must show the OMB number as
it appears on the official IRS form.
•For Copy A, the OMB number must appear exactly as shown on the official IRS form.
•For any copy other than Copy A, the OMB number must use one of the following formats.
(1) OMB No. XXXX-XXXX (preferred) or
(2) OMB # XXXX-XXXX (acceptable).
5.2.3 Required Explanation to
Users
All substitute forms (Copy A only) must state “For Privacy Act and Paperwork Reduction
Act Notice, see the 2004 General Instructions for Forms 1099, 1098, 5498, and W-2G.” (or
“For Privacy Act and Paperwork Reduction Act Notice, see separate instructions.” for Copy A
of Form 1042-S).
If no instructions are provided to users of your forms, you must furnish them with the exact
text of the Privacy Act and Paperwork Reduction Act Notice.
Section 5.3 - Reproducible Copies of Forms
5.3.1 IntroductionYou can order official IRS forms and information copies of federal tax materials by calling
the IRS Distribution Center at 1-800-829-3676.Other ways to get federal tax material include:
•The Internet.
•CD-ROM.
•GPO Superintendent of Documents Bookstores.
Note.Several IRS forms are provided electronically on the IRS home page and on the
Federal Tax Forms CD-ROM, but Copy A of Forms 1096, the 1098 series, 1099 series, and
5498 series cannot be used for filing with the IRS when printed from a conventional printer.
These forms contain drop-out ink requirements as described in Part 2 of this publication.
5.3.2 InternetYou can download tax materials from the Internet.
You Can Access the Internet by...Using...
File Transfer Protocol (FTP)ftp.irs.gov
World Wide Webwww.irs.gov
5.3.3 IRS Federal Tax Forms
CD-ROM
The IRS also offers an alternative to downloading electronic files and provides current and
prior-year access to tax forms and instructions through itsFederal Tax Forms CD-ROM.The
CD, Pub. 1796,Federal Tax Products on CD-ROM, will be available for the upcoming fil-
ing season. You may buy the CD-ROM on the Internet atw
ww.irs.gov/cdordersor by calling
1-877-CDFORMS (1-877-233-6767).
5.3.4 GPO Supt. of Documents
Bookstores
The Government Printing Office (GPO) Superintendent of Documents Bookstores also sell
individual copies of tax forms, instructions, and publications.
2004–41 I.R.B.623October 12, 2004

Section 5.4 - Effect on Other Revenue Procedures
5.4.1 Other Revenue ProceduresRevenue Procedure 2003-28, 2003-1 C.B. 759, which provides rules and specifications for
private printing of 2003 substitute forms andstatements to recipients, is superseded.
Part 6
Exhibits
Section 6.1 - Exhibits of Forms in the Revenue Procedure
6.1.1 PurposeExhibits A through Y illustrate some of the specifications that were discussed earlier in this
revenue procedure. The dimensions apply to the actual size forms, but the exhibits have been
reduced in size.
Generally, the illustrated dimensions apply to all like forms. For example, Exhibit B shows
11.00" from the top edge to the bottom edge of Form 1098 and .85" between the bottom rule
of the top form and the top rule of the second form on the page. These dimensions apply to all
forms that are printed three to a page.
6.1.2 GuidelinesKeep in mind the following guidelines when printing substitute forms.
•Closely follow the specifications to avoid delays in processing the forms.
•Always use the specifications as outlined in this revenue procedure and illustrated in the
exhibits.
•Do not add the text line “Do Not Cut or Separate Forms on This Page” to the bottom form.
This will cause inconsistency with the specifications.
October 12, 20046242004–41 I.R.B.

2004–41 I.R.B.625October 12, 2004

October 12, 20046262004–41 I.R.B.

2004–41 I.R.B.627October 12, 2004

October 12, 20046282004–41 I.R.B.

2004–41 I.R.B.629October 12, 2004

October 12, 20046302004–41 I.R.B.

2004–41 I.R.B.631October 12, 2004

October 12, 20046322004–41 I.R.B.

2004–41 I.R.B.633October 12, 2004

October 12, 20046342004–41 I.R.B.

2004–41 I.R.B.635October 12, 2004

October 12, 20046362004–41 I.R.B.

2004–41 I.R.B.637October 12, 2004

October 12, 20046382004–41 I.R.B.

2004–41 I.R.B.639October 12, 2004

October 12, 20046402004–41 I.R.B.

2004–41 I.R.B.641October 12, 2004

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2004–41 I.R.B.647October 12, 2004

October 12, 20046482004–41 I.R.B.

2004–41 I.R.B.649October 12, 2004

Part IV. Items of General Interest
List of Nonbank Trustees and
Custodians
Announcement 2004–72
The following is a list of entities that
have been approved by the Commissioner
of the Internal Revenue Service, pursuant
to §1.408–2(e) of the Income Tax Regula-
tions, to serve as a nonbank trustee or cus-
todian. This list updates and supercedes
the list published with Announcement
2003–54, 2003–40 I.R.B. 761.
Archer medical savings accounts
(Archer MSAs) established under § 220
of the Internal Revenue Code, health sav-
ings accounts described in §223, custodial
accounts of retirement plans qualified un-
der § 401, custodial accounts described
in § 403(b)(7), trust or custodial accounts
of individual retirement accounts (IRAs)
established under §§ 408 and 408A (Roth
IRAs), Coverdell education savings ac-
counts described in§530, and custodial
accounts of eligible deferred compensa-
tion plans described in § 457(b) will not
be tax exempt if the trustee or custodian of
such accounts is not a bank (as defined in
§ 408(n)) (and in the case of Archer MSAs
and health savings accounts, a bank within
the meaning of § 408(n) or an insurance
company within the meaning of § 816) or
an approved nonbank trustee or custodian.
An entity that is not a bank (as defined
in § 408(n)) (and in the case of Archer
MSAs and health savings accounts a bank
within the meaning of § 408(n) or an in-
surance company within the meaning of
§ 816) must receive approval from the
Service to serve as a nonbank trustee or
nonbank custodian. A prospective non-
bank trustee or custodian must file a writ-
ten application with the Commissioner of
Internal Revenue demonstrating that the
requirements of § 1.408–2(e)(2) through
§ 1.408–2(e)(7) of the regulations will be
met. If the application is approved, a writ-
ten notice of approval will be issued to the
applicant. The notice of approval will state
the day on which it becomes effective, and
(except as otherwise provided therein) will
remain effective until revoked by the Ser-
vice or withdrawn by the applicant. Enti-
ties that have received such approval from
the Service may also sponsor certain re-
tirement plans, custodial accounts under
§ 403(b)(7) and individual retirement ar-
rangements established under §§ 408 and
408A. (See Rev. Proc. 2000–20, 2000–1
C.B. 553, and Rev. Proc. 87–50, 1987–2
C.B. 647, as modified.)
A prospective nonbank trustee or custo-
dian may not accept any fiduciary account
before such notice of approval becomes ef-
fective. In addition, a nonbank trustee or
custodian may not accept a fiduciary ac-
count until after the plan administrator or
the person for whose benefit the account is
to be established is furnished with a copy
of the written notice of approval issued to
the applicant.
The continued reliance on a notice of
approval is dependent upon the continued
satisfaction of the nonbank trustee require-
ments set forth in the regulations. The
notice of approval issued to an applicant
will be revoked if the Commissioner de-
termines that the applicant is unwilling or
unable to administer fiduciary accounts in
a manner consistent with the requirements
of the regulations. Generally, the notice
will not be revoked unless the Commis-
sioner determines that the applicant has
knowingly, willfully, or repeatedly failed
to administer fiduciary accounts in a man-
ner consistent with the requirements of the
regulations, or has administered a fidu-
ciary account in a grossly negligent man-
ner.
The written notice of approval to serve
as a nonbank trustee or nonbank custodian
is not an endorsement of any investment
made with respect to any retirement plan
or arrangement handled by the approved
nonbank trustee or custodian. The Inter-
nal Revenue Service does not review or ap-
prove investments.
If the trustee or custodian of an account
described above is not a bank (and in the
case of Archer MSAs and health savings
accounts, a bank or an insurance company)
or an approved nonbank trustee or non-
bank custodian, the amounts held in such
account (including earned interest) will be
deemed distributed and includible in gross
income in the year(s) the account’s trustee
or custodian was not a bank or, if appli-
cable, an insurance company, or an ap-
proved nonbank trustee or nonbank custo-
dian. Contributions made to such account
are not deductible from gross income and
will be disallowed if claimed on an income
tax return.
This list of approved nonbank trustees
and nonbank custodians includes their
names, addresses, and the date each appli-
cation was approved.
If an approved nonbank trustee or cus-
todian believes that the information about
it is incorrect, incomplete, or that it has
been incorrectly omitted from this list, it
may, on or before December 11, 2004,
which is 60 days from the date of the pub-
lication of this list in the Internal Revenue
Bulletin, notify the Service in writing of
any changes it proposes to the list. This
notification should include a copy of the
notice of approval.
The notification should be addressed to:
Internal Revenue Service
SE:T:EP:RA:T1
Announcement 2004–72
1111 Constitution Ave., NW
Washington, DC 20224
Drafting Information
The principal author of this announce-
ment is Calvin Thompson of the Em-
ployee Plans, Tax Exempt and Govern-
ment Entities Division. Please contact
Mr. Thompson at 1–202–283–9596 (not
a toll-free number), if there are any ques-
tions regarding the publication of this
list. Written inquiriesconcerning this an-
nouncement should be addressed to the
Internal Revenue Service at the above ad-
dress.
October 12, 20046502004–41 I.R.B.

APPROVED Nonbank Trustees/Custodians as of December 31, 2003
NameAddressApproval Date
1. A.B. Culbertson & Co.1250 Continental Plaza
Fort Worth, TX 76102
May 15, 1984
2. A.G. Becker & Co.Chicago, ILDecember 12, 1979
3. A.G. Edwards & Sons, Inc.One North Jefferson
St. Louis, MO 63103
November 26, 1980
4. ABN AMRO Securities LLC55 East 52nd Street
New York, NY 10022
September 7, 2000
5. Adler, Coleman Clearing Corp.20 Broad St.
New York, NY 10005
April 7, 1987
6. Advest, Inc.280 Trumbull Street
Hartford, CT 06103
January 24, 1989
7. Aisel & Co.20 Broad Street
New York, NY 10005
April 26, 1991
8. American Brokerage Services, Inc.131 Lafayette Ave.
Detroit, MI 48226
September 18, 1991
9. American Capital Marketing, Inc.
(FKA American General Capital)
2777 Allen Parkway
Houston, TX 77215
June 25, 1984
10. American Express FinancialCorp.200 AXP Financial Center
Minneapolis, MN 55474
August 12, 1977
11. American Heritage Life Ins. Co.76 South Laura Street
Jacksonville, FL 32202
December 11, 1984
12. American Transtech, Inc.8000 Baymeadows Way
Jacksonville, FL 32256
August 15, 1990
13. Ameritrade, Inc.4211 South 102nd Street
Omaha, NE 68127-1031
April 18, 1984
14. Analytic Investment Management, Inc.2222 Martin Street, Suite 230
Irvine, CA 92715-1454
May 9, 1989
15. Aspen Partnership1895 Claremont Road
Hoffman Estates, IL 60195
October 25, 1990
16. B.C. Ziegler & Co.215 North Main Street
West Bend, WI 53095
September 27, 1985
17. Banc of America Securities LLC100 North Tryon Street
NC 1-007-20-01
Charlotte, NC 28255
April 30, 2003
18. Banc One Capital CorporationP.O. Box 18277
90NorthHighStreet
Columbus, OH 43218
February 24, 1992
19. Bank Hapoulim B.M.6501 Wilshire Blvd.
Los Angeles, CA 90048
May 15, 1986
20. Bank Julius Baer & Co., LTD330 Madison Avenue
New York, NY 10017
December 15, 1988
21. Bank Leumi Le - Israel B.N. Western
Hemisphere Regional Mgt.
242 Fifth Avenue
New York, NY 10022
February 10, 1982
22. Bartlett & Co.36 East Fourth Street
Cincinnati, OH 45202
February 1, 1989
2004–41 I.R.B.651October 12, 2004

APPROVED Nonbank Trustees/Custodians as of December 31, 2003
NameAddressApproval Date
23. Bear, Stearns & Co., Inc.5 Hanover Square
New York, NY 10004
June 2, 1986
24. Bear, Sterns Securities Corp.2 Broadway, 12th Floor
New York, NY 10004
June 24, 1991
25. Berklee College of Music, Inc.1140 Boylston Street
Boston, MA 02110
May 9, 1989
26. Blunt Ellis & Loewi, Inc.225 East Mason Street
Milwaukee, WI 53202
January 25, 1982
27. BNY Clearing Services, LLC
(FKA Kemper Clearing Corporation)
111 East Kilbourn Ave.
Milwaukee, WI 53202
August 21, 1989
28. Boettcher & Company, Inc.828 Seventeenth Street
Denver, CO 80201
August 10, 1987
29. Brown & Company Securities
Corporation
20 Winthrop Square
Boston, MA 02110
February 27, 1985
30. Bruns, Nordeman, Rea & Co.New York, NYOctober 31, 1977
31. Burke, Christensen & Lewis Securities,
Inc.
120 S. La Salle Street
Suite 940
Chicago, IL 60603
March 11, 1986
32. Burton J. Vincent, Chesley & Co.105 West Adams Street
Chicago, IL 60603
March 25, 1982
33. Butler Wick & Co., Inc.City Center One Bldg.
Youngstown, OH 44501
October 8, 1992
34. BUYandHold Securities Corporation110 Wall Street
New York, NY 10005
October 5, 2000
35. Carolina Securities Corp.239 Fayetteville St. Mall
Raleigh, NC 27602
August 29, 1983
36. Chapin, Davis & Company, Inc.3 Village Square, Cross Keys
Baltimore, MD 21210
December 7, 1983
37. Charles Schwab & Co., Inc.101 Montgomery Street
San Francisco, CA 94104
January 8, 1982
38. Christian & Missionary AllianceP.O. Box C
Nyack, NY 10960
August 15, 1985
39. CIBC World Markets Corporation200 Liberty Street
New York, NY 10281
July 26, 1977
40. Citigroup Global Markets, Inc.388 Greenwich St.
New York, NY 10105
July 22, 1985
41. City Securities Corp.135 North Pennsylvania Street
Indianapolis, IN 46204
December 21, 1982
42. Commerce First ThriftMidvale, UT 84047May 25, 1978
43. Comprehensive Investment Services, Inc.One Moody Plaza
Galveston, TX 77550
June 16, 2000
44. Continental Trust Co.17110 Dallas Parkway
Suite 200
Dallas, TX 75248
February 22, 1977
October 12, 20046522004–41 I.R.B.

APPROVED Nonbank Trustees/Custodians as of December 31, 2003
NameAddressApproval Date
45. D. A. Davidson & Co.Davidson Building
#8 Third Street North
Great Falls, MT 59403
June 11, 1982
46. D.J. St. Germain, Inc.1500 Main Street
Springfield, MA 01115
January 1, 1977
47. Davenport & Co. of Virginia, Inc.901 E. Cary Street
Richmond, VA 23219
February 2, 1987
48. Davenport & Company LLC901 East Cary Street
Richmond, VA 23219
March 31, 1997
49. Deutsche Bank Securities Corp.
d.b.a. C.J. Lawrence Deutsche
1290 Avenue of the Americas
New York, NY 10104
March 14, 1980
50. Deutsche Bank Securities, Inc.1 South Street
Baltimore, MD 21203
April 11, 1994
51. Donaldson, Lufkin & Jenrette Securities
Corp.
140 Broadway
New York, NY 10005
December 4, 1985
52. Dougherty, Dawkins, Strand & Yost,
Inc.
100 South Fifth Street
Suite 2300
Minneapolis, MN 55402
February 22, 1986
53. Dresdner Kleinwort Wasserstein
Securities LLC
75 Wall Street
New York, NY 10005
October 9, 2002
54. Dreyfus Investment ServicesCorp.TwoMellonBankCenter
Pittsburgh, PA 15259
May 18, 1989
55. Duncan-Williams, Inc.5860 Ridgeway Center Parkway
Memphis, TN 38120
December 13, 1995
56. E*Trade Clearing LLC10951 White Rock Road
Rancho Cardova, CA 95670
September 3, 2002
57. E*Trade Securities LLC4500 Bohannon Drive
Menlo Park, CA 94025
August 30, 2002
58. E*Trade Securities, Inc.480 California Avenue
Palo Alto, CA 94306
February 1, 1996
59. Eads Generoe TrustSt. Louis, MOFebruary 3, 1977
60. Edward D. Jones & Co.201 Progress Parkway
Maryland Height, MO 63043
May 30, 1985
61. El Paso Electric Co.P.O. Box 982
El Paso, TX 79960
June 15, 1983
62. Elan Investment Services, Inc.777 East Wisconsin Avenue
Milwaukee, WI 53282
December 21, 1987
63. Emmett A. Larkin Co., Inc.100 Bush Street
San Francisco, CA 94104
April 17, 1986
64. Eppler, Guerin & Turner, Inc.2001 Bryan Tower, Suite 2300
Dallas, TX 75201
September 6, 1984
65. EVEREN Securities, Inc.77 West Wacker Drive
Chicago, IL 60601-1694
November 19, 1998
66. Fahnestock & Co., Inc.
(FKA Edward A. Viner & Co.)
110 Wall Street
New York, NY 10005
April 15, 1982
2004–41 I.R.B.653October 12, 2004

APPROVED Nonbank Trustees/Custodians as of December 31, 2003
NameAddressApproval Date
67. Fechtor, Detwiler & Co., Inc.155 Federal Street
Boston, MA 02110
March 26, 1982
68. Ferris, Baker Watts, Inc.
(FKA Ferris & Company)
1720 Eye Street, NW
Washington, DC 20006
December 4, 1987
69. Fiduciary Services Corporation310 Commercial Drive
Savannah, GA 31406
October 2, 2003
70. Financial Data Services, Inc.400 Atrium Drive
Somerset, NJ 08873
November 14, 1990
71. First Albany Corp.41 State Street
Albany, NY 12207
September 26, 1979
72. First Clearing Corporation10700 Wheat First Drive
Glen Allen, VA 23060
April 21, 1999
73. First Clearing, LLC
(FKA) First Clearing Corporation
10700 Wheat First Drive
Glen Allen, VA 23060
May 30, 2003
74. First Illinois Capital Corp.424 7th Street
Plaza 7
Rockford, IL 61110
May 27, 1982
75. First Manhattan Co.437 Madison Avenue
New York, NY 10022
January 26, 1990
76. First of Michigan Corporation100 Renaissance Center
26th Floor
Detroit, MI 48243
August 31, 1994
77. Fiserv Securities, Inc.One Commerce Square
2005 Market Street
Philadelphia, PA 19103
November 15, 1984
78. Fleet Clearing Corporation67 Wall Street
New York, NY 10005
December 3, 1986
79. Fleet Norstar Securities, Inc.14 Wall Street
New York, NY 10005
August 30, 1991
80. Folger, Nolan, Fleming & Douglass725 15th Street, N.W.
Washington, DC 20015
September 16, 1981
81. Freedom Capital Management CorporationOne Beacon Street
Boston, MA 02108
August 29, 1991
82. Freeman Welwood & Co., Inc.1501 Fourth Avenue
Suite 1700
Seattle, WA 98101
February 13, 1996
83. G.T. Global Investors Services, Inc.50 California Street
San Francisco, CA 94111
May 27, 1994
84. General Conference of the Mennonite
Brethren Churches Board of Trustees
315 South Lincoln
Hillsboro, KS 67063
March 8, 1983
85. Goldman, Sachs & Co.85 Broad Street
New York, NY 10004
December 8, 1982
86. Greek Catholic Union of the U.S.A.5400 Tuscarawas Rd.
Beaver, PA 15009-9513
May 24, 2000
87. Gruntal & Co, Inc.14 Wall Street
New York, NY 10005
June 13, 1984
October 12, 20046542004–41 I.R.B.

APPROVED Nonbank Trustees/Custodians as of December 31, 2003
NameAddressApproval Date
88. H&R Block Financial Advisors, Inc.735 Griswold Street
Detroit, MI 48226
December 8, 1983
89. H.G. Wellington & Co, Inc.14 Wall Street
New York, NY 10005
September 13, 1993
90. H.M. Payson & Co.One Portland Square
P.O. Box 31
Portland, ME 04112
August 20, 1987
91. Halpert and Company, Inc.284 Millburn Avenue
Millburn, NJ 07041
April 17, 1996
92. Hamilton Investments, Inc.
(FKA Illinois Company, Inc.)
30 North La Salle Street
Chicago, IL 60602
August 6, 1982
93. Hampshire Funding, Inc.One Granite Place
P.O. Box 2005
Concord, NH 03301
May 26, 1988
94. Hanifen, Imhoff Clearing Corp.1125 17th Street
Denver, CO 80217
April 22, 1997
95. Hanifen, Imhoff, Inc.1125 17th Street, Suite 1700
Denver, CO 80202
December 3, 1985
96. Harris Investor Services LLCHarborside Financial Center
501 Plaza II
Jersey City, NJ 07311
May 1, 2002
97. Hartford Life Insurance Co.Hartford Plaza
Hartford, CT 06106
March 3, 1982
98. Hazlett, Burt & Watson,Inc.1300 Chapline Street
Wheeling, WV 26003
April 11, 1995
99. Heartland Securities, Inc.208 South LaSalle Street
Chicago, IL 60604
March 6, 1984
100. Henry Scott, Inc.Philadelphia, PAMarch 23, 1982
101. Herzfeld & Stern, Inc.30 Broad Street
New York, NY 10004
December 12, 1984
102. Herzog, Heine, Geduld, Inc.26 Broadway
New York, NY 10004
February 11, 1982
103. Holt & Collins188 Embarcadero
Suite 760
San Francisco, CA 94105
September 8, 1988
104. Home Life Financial Assurance
Corporation
2400 West Bay Drive
Largo, FL 33540
November 13, 1986
105. Howard, Weil, Labouisse, Friedrichs, Inc.1100 Paydrus Street
Suite 900
New Orleans, LA 70163
December 28, 1987
106. Howe Barnes Investments, Inc.135 S. LaSalle Street
Chicago, IL 60603
July 6, 1994
107. Huntleigh Securities Corporation222 South Central Avenue
St. Louis, MO 63102
October 22, 1997
108. I.M. Simon & Co.7730 Forsyth Blvd.
Clayton, MO 63105
November 3, 1981
2004–41 I.R.B.655October 12, 2004

APPROVED Nonbank Trustees/Custodians as of December 31, 2003
NameAddressApproval Date
109. iClearing, LLC100 Wood Avenue South
Iselin, NJ 08830
February 7, 2001
110. Integrated Fund Services, Inc.221 East Fourth Street
Suite 300
Cincinnati, OH 45202
May 15, 2003
111. Investment Advisers, Inc.1100 Dain Tower
Minneapolis, MN 55440
October 9, 1981
112. Isler, Colling & McAdamsPortland, OROctober 5, 1978
113. J.C. Bradford & Co.330 Commerce Street
Nashville, TN 37201
February 28, 1982
114. J.J.B. Hilliard, W.L. Lyons, Inc.Hilliard Lyons Center
501 South Fourth St.
Louisville, KY 40202
February 11, 1992
115. Jacob Engle Foundation, Inc. (The)PO Box 1136
Upland, CA 91786
March 25, 1983
116. Janney Montgomery Scott, Inc.1801 Market Street
Philadelphia, PA 19103
March 23, 1982
117. Jefferson Pilot Investor Services, Inc.100 North Greene Street
Greensboro, NC 27401
October 22, 1979
118. Jesup, Josephthal & Co., Inc.One Whitehall Street
New York, NY 10004
December 18, 1990
119. John Hancock Clearing Corporation200 Liberty Street
New York, NY 10281
March 21, 1991
120. John Hancock Mutual Life Insurance
Company
John Hancock Place
200 Clarendon
Boston, MA 02117
August 24, 1993
121. Juran & Moody, Inc.Minnesota Mutual Life Center
400 North Robert Street
Suite 800
Saint Paul, MN 55101
May 27, 1994
122. Kagin Numismatic Services, Ltd.1000 Insurance Exchange Bldg.
Des Moines, IA 50309
March 18, 1980
123. KH Funding Company10801 Lockwood Drive
Suite 370
Silver Spring, MD 20901
February 13, 2002
124. Kirkpatrick, Pettis, Smith, Polian, Inc.1623 Farnam Street
Suite 700
Omaha, NE 68102
August 18, 1981
125. L.F. Rothchild, Unterberg, Towbin55 Water Street
New York, NY 10041
December 23, 1985
126. Legg Mason Wood Walker, Inc.111 S. Calvert Street
P.O. Box 1476
Baltimore, MD 21203
June 4, 1985
127. Lehman Brothers, Inc.200 Vesey Street
New York, NY 10285
December 20, 2000
October 12, 20046562004–41 I.R.B.

APPROVED Nonbank Trustees/Custodians as of December 31, 2003
NameAddressApproval Date
128. Lester Sumrall Evangelistic
Association, Inc.
530 East Ireland Road
South Bend, IN 46614
September 2, 1988
129. Liberty Life Insurance Co.P.O. Box 789
Greenville, SC 29602
September 3, 1982
130. Manley, Bennett, McDonald & Co.St. Louis, MOJanuary 1, 1977
131. McDonald & Company Securities, Inc.580 Walnut Street
Cincinnati, OH 45202
December 15, 1983
132. MEGA Life and Health Insurance Company
(The)
501 West Interstate 44 Service Road
Oklahoma City, OK 73118
May 29, 1991
133. Menold, Crawford, Hippler & Co.23930 Michigan Ave.
Dearborn, MI 40126
December 9, 1988
134. Merrill, Lynch, Pierce, Fenner & Smith,
Inc.
1700 Merrill Lynch Drive
MSC 0703
Pennington, NJ 08534
August 3, 1987
135. Merrimack Valley Investment, Inc.367 Kingsbury Ave.
Haverhill, MA 01830
September 28, 1984
136. Mesirow Financial, Inc.350 N. Clark Street
Chicago, IL 60610
May 28, 1982
137. Metropolitan Life Insurance Co.One Madison Avenue
New York, NY 10010
January 28, 1987
138. Metropolitan Mortgage & Securities
Corporation
W. 292 Sprague Ave.
Spokane, WA 99204
November 10, 1976
139. Mid-Ohio Securities Corp.225 Burns Road
Elyria, OH 44036
January 28, 1983
140. Mid-States Enterprises, Inc.Carroll, IADecember 30, 1976
141. Miller Johnson & Kuehn, Inc.5500 Wayzata Blvd.
Minneapolis, MN 55416
November 15, 2000
142. Milwaukee Company (The)250 East Wisconsin Avenue
Milwaukee, WI 53202
September 15, 1986
143. MKI Securities Corp.61 Broadway
New York, NY 10006
April 17, 1985
144. Money Management Associates4922 Fairmont Avenue
Bethesda, MD 20814
May 26, 1987
145. Moody Bible Institute of Chicago820 N. La Salle Boulevard
Chicago, IL 60610-3284
April 25, 2003
146. Moore & Schley, Cameron & Co.Two Broadway
New York, NY 10004
November 15, 1977
147. Morgan Keegan & Company, Inc.Morgan Keegan Tower
Fifty Front Street
Memphis, TN 38108
January 27, 1982
148. Morgan Stanley DW, Inc.1585 Broadway
New York, NY 10036
May 29, 1986
149. Mortgage Loan Services, Inc.780 Lynnhaven Parkway
Suite 200
Virginia Beach, VA 23452
March 15, 1995
2004–41 I.R.B.657October 12, 2004

APPROVED Nonbank Trustees/Custodians as of December 31, 2003
NameAddressApproval Date
150. Moseley, Hallgarten, Estabrook
& Weeden, Inc.
One New York Plaza
New York, NY
December 10, 1985
151. Murphy Favre, Inc.W. 601 Riverside, 9th Floor
Spokane, WA 99201
August 2, 1976
152. Mutual Service CooperativeTwo Pine Tree Drive
Arden Hills, MN 55112
June 6, 1996
153. Myriad Corporation1400 50th Street
West Des Moines, IA 50265
July 20, 1977
154. National Bank of Greece, S.A.33 State Street
Boston, MA 02109
February 4, 1988
155. National Covenant Properties5701 N. Francisco Dr.
Chicago, IL 60625
June 30, 1978
156. National Investor Services Corp.44 Wall Street
New York, NY 10005
March 18, 1996
157. National Life Insurance CompanyOne National Life Drive
Montpelier, VT 05604
January 1, 1998
158. National Securities Corporation1001 Fourth Avenue
Suite 2200
Seattle, WA 98154
December 31, 1986
159. Nationwide Advisory Services, Inc.
(Nationwide Financial Services, Inc.)
One Nationwide Plaza
Columbus, OH 43216
September 25, 1985
160. Nationwide Credit UnionOne Nationwide Plaza
Columbus, OH 43216
April 13, 1978
161. NBC Securities, Inc.1927 First Avenue North
Birmingham, AL 35203
July 16, 1996
162. Neuberger & Berman522 Fifth Ave.
New York, NY 10036
October 4, 1983
163. Newhard, Cook & Co.300 North Broadway
St. Louis, MO 63102
June 4, 1985
164. Oberweis Securities, Inc.841 North Lake Street
Aurora, IL 60506
February 11, 1985
165. Parker/Hunter, Inc.600 Grant Street
Pittsburgh, PA 15219
June 15, 1990
166. Partnership Services, Inc.5520 LBJ Freeway
Suite 430
Dallas, TX 75240
March 31, 1993
167. Peninsular Securities Co.Waters Building
Grand Rapids, MI 49503
January 28, 1985
168. Perelman-Carley & Associates, Inc.Twin Towers
3000 Farnam St.
Omaha, NE 68131
January 13, 1989
169. Pflueger & Baerwald, Inc.Mills Building, Room 1000
220 Montgomery Street
San Francisco, CA 94104
November 9, 1981
170. PFS Investments, Inc.3120 Breckenridge Boulevard
Duluth, GA 30199
September 28, 1995
October 12, 20046582004–41 I.R.B.

APPROVED Nonbank Trustees/Custodians as of December 31, 2003
NameAddressApproval Date
171. Pioneer Financial Services, Inc.4233 Roanoke Road
Kansas City, MO 64111
January 25, 1985
172. Pioneer Investment Management
USA
60 State Street
Boston, MA 02109
February 21, 1986
173. Prescott, Ball & Turben, Inc.1331 Euclid Ave.
Cleveland, OH 44115
January 27, 1983
174. PrimeVest Financial Services, Inc.400 First Street South
St. Cloud, MN 56301-3600
December 8, 1993
175. Principal Life Insurance Company711 High Street
Des Moines, IA 50392-0001
July 27, 1988
176. Prudential Securities, Inc.100 Gold Street
New York, NY 10292
July 28, 1989
177. R. Rowland & Co., Inc.St. Louis, MOMarch 29, 1984
178. R.G. Dickinson & Co.200 Des Moines Building
405 6th Ave.
Des Moines, IA 50309
July 20, 1983
179. R.J. Steichen & CompanyMidwest Plaza, Suite 100
801 Nicolett Mall
Minneapolis, MN 55402-2526
May 21, 1993
180. Raymond James & Associates, Inc.880 Carrillon Parkway
P.O. Box 12749
St. Petersburg, FL 33733-2749
April 26, 1982
181. Raymond James & Associates, Inc.880 Carillon Parkway
P.O. Box 12749
St. Petersburg, FL 33733-2749
March 8, 1982
182. RBC Dain Rauscher Inc.Dain Rauscher Plazza
60 South Sixth Street
Minneapolis, MN 55402-4422
March 2, 1998
183. RBC Dain Rauscher, Inc.Dain Rauscher Plazza
60 South Sixth Street
Minneapolis, MN 55402-4422
January 22, 1982
184. Regan MacKenzie, Incorporated999 Third Avenue
Suite 4300
Seattle, WA 98104
August 31, 1989
185. Regions Investment Company, Inc.2011 Fourth Avenue North
Birmingham, AL 35203
July 20, 2000
186. Reserve Management Company, Inc.810 Seventh Avenue
New York, NY 10019
October 18, 1989
187. Robert W. Baird & Co., Inc.777 E. Wisconsin Avenue
Milwaukee, WI 53202
July 31, 1986
188. Robinson-Humphrey Co., Inc (The)Two Peachtree Street, N.W.
Atlanta, GA 30383
May 24, 1982
189. Romano Bros. & Co.820 Davis Street
Evanston, IL 60201
September 28, 1984
190. Rose & Company Investment Brokers, Inc.141 West Jackson Blvd.
Chicago, IL 60604
April 14, 1982
2004–41 I.R.B.659October 12, 2004

APPROVED Nonbank Trustees/Custodians as of December 31, 2003
NameAddressApproval Date
191. Rotan Mosle, Inc.1500 South Tower Pennzoil Place
P.O. Box 3226
Houston, TX 77001
May 6, 1980
192. Rushmore Investment Brokers, Inc.4922 Fairmont Avenue
Bethesda, MD 20814
September 24, 1986
193. Sanford C. Bernstein & Co., Inc.767 Fifth Avenue
New York, NY 10153
November 13, 1986
194. Santa Ana City Employees
Credit Union
800 West Santa Ana Blvd.
Santa Ana, CA 92701
March 25, 1982
195. Saturna Capital Corporation101 Prospect Street
Bellingham, WA 98227-2838
March 28, 1991
196. SBC Trust Services, Inc.2401 Cedar Springs Road
Dallas, TX 75201-1407
April 10, 2001
197. SBCI Swiss Bank Corporation
Investment Banking, Inc.
222 Broadway, 4th Floor
New York, NY 10038
February 11, 1992
198. SBM Financial Services, Inc.8400 Normandale Lake Blvd.
Suite 1150
Minneapolis, MN 55437
May 13, 1995
199. Scott & Stringfellow, Inc.
(FKN Craige, Inc.)
823 E. Main Street
Richmond, VA 23219
May 5, 1999
200. Scottsdale Securities, Inc.12855 Flushing Meadow Drive
St. Louis, MO 63131
October 9, 1996
201. Securities Management Research,
Inc.
Two Moody Plaza
Galveston, TX 77550
June 22, 1978
202. Security Management Company, LLC
(FKA Security Management Co.)
700 SW Harrison Street
Topeka, KS 66636-0001
August 14, 1996
203. SG Cowen Securities Corporation1221 Avenue of the Americas
New York, NY 10020
June 30, 1998
204. ShareBuilder Securities Corporation1000 124th Avenue, NE
Bellevue, WA 98005
April 15, 2003
205. SMA Services, Inc.35 Lakeshore Drive
Birmingham, AL 35209
August 27, 1998
206. Smith, Moore & Co.400 Locust Street
St. Louis, MO 63102
January 18, 1983
207. Southwest Securities, Inc.Renaissance Tower Suite 4300
1201 Elm Street
Dallas, TX 75270
December 9, 1992
208. Spear Rees & Co.505 North Brand Boulevard
Sixteenth Floor
Glendale, CA 91203
January 13, 1988
209. Spear, Leeds & Kellog120 Broadway
New York, NY 10271
March 29, 1996
210. State Bond and Mortgage Company8500 Normandale Lake Blvd.
Minneapolis, MN 55437
December 21, 1990
October 12, 20046602004–41 I.R.B.

APPROVED Nonbank Trustees/Custodians as of December 31, 2003
NameAddressApproval Date
211. State Employees Credit Union801 Hillsborough Street
P.O. Box 26807
Raleigh, NC 27611-6807
January 1, 1977
212. State Farm Investment Management
Corporation
One State Farm Plaza
Bloomington, IL 61410
September 22, 1999
213. Stephens, Inc.111 Center Street
Little Rock, AR 72201
December 4, 1987
214. Stern Brothers & Co.1100 Main Street
Suite 2200
Kansas City, MO 64199
December 15, 1987
215. Sterne, Agee & Leach, Inc.1500 Am South-Sonat Tower
Birmingham, AL 35203
September 11, 1981
216. Stifel, Nicolaus & Co., Inc.500 North Broadway
St. Louis, MO 63102
September 9, 1981
217. Summit Discount Brokerage (FKA Lehigh
Securities Corp.)
1457 MacArthur Road
Lehigh Valley, PA 18002
April 4, 1990
218. Sunpoint Securities, Inc.911 W. Loop 281
Longview, TX 75604
April 1, 1998
219. SunTrust Capital Markets, Inc.3333 Peachtree Road, NE
Atlanta, GA 30326
May 27, 1982
220. Sutro & Company, Inc.201 California Street
San Francisco, CA 94111-5096
December 8, 1988
221. Swiss American Securities, Inc.100 Wall Street
New York, NY 10005
December 2, 1980
222. Texas First Securities Corporation1360 Post Oak Blvd.
Suite 120
Houston, TX 77056
November 17, 1988
223. TIAA-CREF Individual & Institutional
Services, Inc.
730 Third Avenue
New York, NY 10017
September 9, 2002
224. Tucker Anthony, IncorporatedOne Beacon Street
Boston, MA 02108
October 23, 1980
225. U.S. Bancorp Piper Jaffray, Inc.800 Micollet Mall
Suite 800
Minneapolis, MN 55402-7020
April 21, 1982
226. U.S. Clearing Corporation120 Wall Street
New York, NY 10005
May 3, 1983
227. UBS Financial Services, Inc.
(FKA UBS Paine Webber, Inc.)
1285 Avenue of the Americas
New York, NY 10019
May 12, 1989
228. Unified Financial Securities, Inc.429 North Pennsylvania Street
Indianapolis, IN 46204
October 28, 1976
229. United of Omaha Life Insurance Co.Mutual of Omaha Plaza
Omaha, NE 68175
March 16, 1982
230. USAA Transfer Agency Company of Delaware USAA Building
San Antonio, TX 78288
October 2, 1990
231. W.H. Reaves & Co., Inc.30 Montgomery Street
Jersey City, NJ 07302
December 7, 1990
2004–41 I.R.B.661October 12, 2004

APPROVED Nonbank Trustees/Custodians as of December 31, 2003
NameAddressApproval Date
232. W.H. Turlington & Co.509 East Center Street
Lexington, NC 27292
November 3, 1980
233. Wachovia Securities, Inc.201 North Tryon Street
Charlotte, NC 28202
April 6, 1990
234. Wachovia Securities, LLC901 East Byrd Street
Richmond, VA 23219
July 1, 2003
235. Wayne Hummer & Co.300 South Wacker Drive
Chicago, IL 60606
January 25, 1983
236. Web Street Securities, Inc.222 South Riverside Plaza
11th Floor
Chicago, IL 60601
April 27, 2000
237. Wedbush Morgan Securities1000 Wilshire Boulevard
Los Angeles, CA 90030
December 24, 1984
238. Weiss, Peck & GreerOne New York Plaza
New York, NY 10004
June 16, 1982
239. Wells Advisors, Inc.3885 Holcomb Bridge Road
Norcross, GA 30092
March 20, 1992
240. Wexford LLC Corporation1 New York Plaza
11th Floor
New York, NY 10292
June 30, 1998
241. Wheat, First Securities, Inc.707 East Main Street
P.O. Box 1357
Richmond, VA 23211
March 23, 1983
242. William R. Hough & Co., Inc.100 2nd Avenue South
Suite 800
St. Petersburg, FL 33701
April 18, 1995
Florida Penalty Relief
Extended
Announcement 2004–77
Announcement 2004–70 is amended to
extend, through October 5, 2004, the re-
lief from the penalty under section 6715
of the Internal Revenue Code for the high-
way use of dyed diesel fuel in the State of
Florida.
The principal author of this announce-
ment is Barbara B. Franklin of the Office
of Associate Chief Counsel (Passthroughs
& Special Industries). For further infor-
mation regarding this announcement, con-
tact Barbara B. Franklin at (202) 622–3291
(not a toll-free call).
Publication 1187,
Specifications for Filing Forms
1042–S, Foreign Person’s
U.S. Source Income Subject to
Withholding, Electronically or
Magnetically,BeingRevised
for Tax Year 2004
Announcement 2004–79
Publication 1187,Specification for Fil-
ing Forms 1042–S, Foreign Person’s U.S.
Source Income Subject to Withholding,
Electronically or Magnetically,isbeing
revised for Tax Year 2004. The Publica-
tion will not be available prior to the start
of the testing season, November 1, 2004,
through December 15, 2004. Since the
Publication is unavailable, the Nature of
Changes Section is printed here to assist
those who wish to submit test files. For
additional information, contact the Infor-
mation Reporting Program Customer Ser-
vice Section toll-free at 866–455–7438.
Nature of Changes—Current Year (Tax
Year2004)
.01Part B, Electronic Filing Specifica-
tions, was completely revised. Please read
carefully. We now offer an internet con-
nection athttp://fire.irs.gov.
.02The following changes were made
to the Transmitter ‘T’ Record:
(a)In position 199 a new field, Prior
Year Data Indicator, was added.
(b)In positions 771–778 a new field,
Record Sequence Number, was added.
.03The following changes were made
to Withholding Agent ‘W’ Record:
(a)In position 13, Withholding Agent’s
EIN Indicator, the indicators were renum-
bered and a new indicator for NQI-EIN
was added. Acceptable values are: 0,
(zero) = EIN, 1, (one) = QI-EIN and 2
(two) = NQI-EIN
October 12, 20046622004–41 I.R.B.

(b)In positions 771–778 a new field,
Record Sequence Number, was added.
.04The following change was made to
the Recipient ‘Q’ Record:
(a)In positions 771–778 a new field,
Record Sequence Number, was added.
.05The following change was made to
Reconciliation ‘C’ Record:
(a)In positions 771–778 a new field,
Record Sequence Number, was added.
.06The following change was made to
the End of Transmission ‘F’ Record:
(a)In positions 771–778 a new field,
Record Sequence Number, was added.
.07Additional editorial changes of a
clarifying nature have been made through-
out Publication 1187. Please read the en-
tire publication carefully.
.08The dates for sending test data are
November 1, 2004, through December 15,
2004.
Replacement Instructions for
the 2003 Schedule B (Form
5500), Actuarial Information
Announcement 2004–80
I. Background
This announcement provides additional
instructions for Line 8c on the 2003 Sched-
ule B (Form 5500). In order to provide
government agencies and plan participants
with contribution information on defined
benefit plans, plan sponsors must annually
file the Schedule B as an attachment to
the Form 5500 Series (Annual Return/Re-
port of Employee Benefit Plans). Because
many plan sponsors have had difficulty re-
porting the data required by line 8c of the
2003 Schedule B, this announcement is in-
tended to provide flexible options to com-
ply with existing reporting requirements.
This announcement merely replaces cer-
tain instructions in order to clarify and sim-
plify the method for reporting data. Be-
cause this announcement is not a request
for new data, and does not contain a new
reporting requirement, if plans have al-
ready filed under published instructions
prior to the issuance of this announcement,
do not file again.
The 2003 instructions for Line 8c re-
garding cash balance plans require that
“such plans reporting 1,000 or more active
participants on line 2b(3) must also pro-
vide average cash balance account data.”
The 2003 instructions did not provide a
specific method for reporting the required
data.
II.NewLine8cInstructionsfor
Schedule B
The following replaces paragraph 5 of
line 8c of the 2003 Schedule B instruc-
tions:
“Cash balance plans (or any plans us-
ing plan characteristic code 1C on line 8a
of Form 5500), reporting 1,000 or more
active participants on line 2b(3) must also
provide average cash balance account
data, regardless of whether all active par-
ticipants have cash balance accounts. For
each age/service bin, enter the average
cash balance account of the active partici-
pants in that bin. Do not enter the average
cash balance account in any age/service
bin that contains fewer than 20 active par-
ticipants.
General Rule. In general, data to be
shown in each age/service bin includes:
(1) the number of active participants in
the age/service bin, (2) the average com-
pensation of the active participants in the
age/service bin, and (3) the average cash
balance account of the active participant in
the age/service bin, using $0 for anyone
who has no cash balance account-based
benefit. If the accrued benefit is the greater
of a cash balance benefit or some other
benefit, average in only the cash balance
account. If the accrued benefit is the sum
of a cash balance account benefit and some
other benefit, average in only the cash bal-
ance account. For both the average com-
pensation and the average cash balance ac-
count, do not enter an amount for age/ser-
vice bins with fewer than20participants.
In lieu of the above, two alternatives are
provided for showing compensation and
cash balance accounts. Each alternative
provides for two age/service scatters (one
showing compensation and one showing
cash balance accounts) as follows:
Alternative A:
Scatter 1—Provide participant count
and average compensation forallactive
participants, whether or not participants
have account-based benefits.
Scatter 2—Provide participant count
and average cash balance account forall
active participants, whether or not partici-
pants have account-based benefits.
Alternative B:
Scatter 1—Provide participant count
and average compensation forallactive
participants, whether or not participants
have account-based benefits (i.e., identical
to Scatter 1 in Alternative A).
Scatter 2—Provide participant count
and average cash balance accountfor
only those active participants with ac-
count-based benefits. If the number of
participants with account-based benefits
in a bin is fewer than 20, the average ac-
count should not be shown even if there
are more than 20 participants in this bin
on Scatter 1.
In general, information should be deter-
mined as of the valuation date. Average
cash balance accounts may be determined
as of either: (1) the valuation date or (2)
the day immediately preceding the valua-
tion date. If the cash balance account in-
formation as of the 2003 valuation date is
not readily available,information as of an-
other date within 12 months of the valua-
tion date (before or after this date) may be
used. This date must be clearly indicated
on the attachment, along with an explana-
tion, if the date is also used for another pur-
pose, such as determining a participant’s
age and service.
Average cash balance accounts that are
offset by amounts from another plan may
be reported either as amounts prior to tak-
ing into account the offset, or as amounts
after taking into account the offset. Do not
report the offset amount. For any other un-
usual or unique situation, the attachment
should include an explanation of what is
being provided.”
2004–41 I.R.B.663October 12, 2004

Definition of Terms
Revenue rulings and revenue procedures
(hereinafter referred to as “rulings”) that
have an effect on previous rulings use the
following defined terms to describe the ef-
fect:
Amplifieddescribes a situation where
no change is being made in a prior pub-
lished position, but the prior position is be-
ingextendedtoapplytoavariationofthe
fact situation set forth therein. Thus, if
an earlier ruling held that a principle ap-
plied to A, and the new ruling holds that the
same principle also applies to B, the earlier
ruling is amplified. (Compare withmodi-
fied,below).
Clarifiedis used in those instances
where the language in a prior ruling is be-
ing made clear because the language has
caused, or may cause, some confusion.
It is not used where a position in a prior
ruling is being changed.
Distinguisheddescribes a situation
where a ruling mentions a previously pub-
lished ruling and points out an essential
difference between them.
Modifiedis used where the substance
of a previously published position is being
changed. Thus, if a prior ruling held that a
principle applied to A but not to B, and the
new ruling holds that it applies to both A
and B, the prior ruling is modified because
it corrects a published position. (Compare
withamplifiedandclarified, above).
Obsoleteddescribes a previously pub-
lished ruling that is not considered deter-
minative with respect to future transac-
tions. This term is most commonly used in
a ruling that lists previously published rul-
ings that are obsoleted because of changes
in laws or regulations. A ruling may also
be obsoleted because the substance has
been included in regulations subsequently
adopted.
Revokeddescribes situations where the
position in the previously published ruling
is not correct and the correct position is
beingstatedinanewruling.
Supersededdescribes a situation where
the new ruling does nothing more than re-
state the substance and situation of a previ-
ously published ruling (or rulings). Thus,
the term is used to republish under the
1986 Code and regulations the same po-
sition published under the 1939 Code and
regulations. The term is also used when
it is desired to republish in a single rul-
ing a series of situations, names, etc., that
were previously published over a period of
time in separate rulings. If the new rul-
ing does more than restate the substance
of a prior ruling, a combination of terms
is used. For example,modifiedandsu-
persededdescribes a situation where the
substance of a previously published ruling
is being changed in part and is continued
without change in part and it is desired to
restate the valid portion of the previously
published ruling in a new ruling that is self
contained. In this case, the previously pub-
lished ruling is first modified and then, as
modified, is superseded.
Supplementedis used in situations in
which a list, such as a list of the names of
countries, is published in a ruling and that
list is expanded by adding further names in
subsequent rulings. After the original rul-
ing has been supplemented several times, a
new ruling may be published that includes
the list in the original ruling and the ad-
ditions, and supersedes all prior rulings in
the series.
Suspendedis used in rare situations
to show that the previous published rul-
ings will not be applied pending some
future action such as the issuance of new
or amended regulations, the outcome of
cases in litigation, or the outcome of a
Service study.
Abbreviations
The fol
lowing abbreviations in current use
and for
merly used will appear in material
publis
hedintheBulletin.
A—Individual.
Acq.—A
cquiescence.
B—Individual.
BE—Beneficiary.
BK—Bank
.
B.T.A.—Board of Tax Appeals.
C—Individual.
C.B.—Cu
mulative Bulletin.
CFR—Code of Federal Regulations.
CI—City.
COOP—Coo
perative.
Ct.D.—Court Decision.
CY—County.
D—Decede
nt.
DC—Dummy Corporation.
DE—Donee.
Del. Order
—Delegation Order.
DISC—Domestic International Sales Corporation.
DR—Donor.
E—Estate.
EE—Employee.
E.O.—Executive Order.
ER—Emp
loyer.
ERISA—Employee Retirement Income Security Act.
EX—Executor.
F—Fiduc
iary.
FC—Foreign Country.
FICA—Federal Insurance Contributions Act.
FISC—Fo
reign International Sales Company.
FPH—Foreign Personal Holding Company.
F.R.—Federal Register.
FUTA—Fed
eral Unemployment Tax Act.
FX—Foreign corporation.
G.C.M.—Chief Counsel’s Memorandum.
GE—Grante
e.
GP—General Partner.
GR—Grantor.
IC—Insura
nce Company.
I.R.B.—Internal Revenue Bulletin.
LE—Lessee.
LP—Limited
Partner.
LR—Lessor.
M—Minor.
Nonacq.—No
nacquiescence.
O—Organization.
P—Parent Corporation.
PHC—Persona
l Holding Company.
PO—Possession of the U.S.
PR—Partner.
PRS—Pa
rtnership.
PTE—Prohibited Transaction Exemption.
Pub. L.—Public Law.
REIT—Re
al Estate Investment Trust.
Rev. Proc.—Revenue Procedure.
Rev. Rul.—Revenue Ruling.
S—Subsi
diary.
S.P.R.—Statement of Procedural Rules.
Stat.—Statutes at Large.
T—Target
Corporation.
T.C.—Tax Court.
T.D.—Treasury Decision.
TFE—Trans
feree.
TFR—Transferor.
T.I.R.—Technical Information Release.
TP—Taxpay
er.
TR—Trust.
TT—Trustee.
U.S.C.—Uni
ted States Code.
X—Corporation.
Y—Corporation.
Z—Corporat
ion.
October 12, 2004i2004–41 I.R.B.

Numerical Finding List
1
Bulletins 2004–27 through 2004–41
Announcements:
2004-55, 2004-27 I.R.B.15
2004-56, 2004-28 I.R.B.41
2004-57, 2004-27 I.R.B.15
2004-58, 2004-29 I.R.B.66
2004-59, 2004-30 I.R.B.94
2004-60, 2004-29 I.R.B.43
2004-61, 2004-29 I.R.B.67
2004-62, 2004-30 I.R.B.103
2004-63, 2004-31 I.R.B.149
2004-64, 2004-35 I.R.B.402
2004-65, 2004-33 I.R.B.300
2004-66, 2004-35 I.R.B.402
2004-67, 2004-36 I.R.B.459
2004-68, 2004-38 I.R.B.508
2004-69, 2004-39 I.R.B.542
2004-70, 2004-39 I.R.B.543
2004-71, 2004-40 I.R.B.569
2004-72, 2004-41 I.R.B.650
2004-73, 2004-39 I.R.B.543
2004-74, 2004-40 I.R.B.579
2004-75, 2004-40 I.R.B.580
2004-76, 2004-40 I.R.B.588
2004-77, 2004-41 I.R.B.662
2004-78, 2004-40 I.R.B.592
2004-79, 2004-41 I.R.B.662
2004-80, 2004-41 I.R.B.663
Notices:
2004-41, 2004-28 I.R.B.31
2004-43, 2004-27 I.R.B.10
2004-44, 2004-28 I.R.B.32
2004-45, 2004-28 I.R.B.33
2004-46, 2004-29 I.R.B.46
2004-47, 2004-29 I.R.B.48
2004-48, 2004-30 I.R.B.88
2004-49, 2004-30 I.R.B.88
2004-50, 2004-33 I.R.B.196
2004-51, 2004-30 I.R.B.89
2004-52, 2004-32 I.R.B.168
2004-53, 2004-33 I.R.B.209
2004-54, 2004-33 I.R.B.209
2004-55, 2004-34 I.R.B.319
2004-56, 2004-35 I.R.B.375
2004-57, 2004-35 I.R.B.376
2004-58, 2004-39 I.R.B.520
2004-59, 2004-36 I.R.B.447
2004-60, 2004-40 I.R.B.564
2004-61, 2004-41 I.R.B.596
2004-62, 2004-40 I.R.B.565
2004-63, 2004-41 I.R.B.597
2004-64, 2004-41 I.R.B.598
Notices— Continued:
2004-65, 2004-41 I.R.B.599
2004-67, 2004-41 I.R.B.600
Proposed Regulations:
REG-208246-90, 2004-36 I.R.B.450
REG-153841-02, 2004-31 I.R.B.145
REG-163679-02, 2004-35 I.R.B.390
REG-163909-02, 2004-38 I.R.B.499
REG-108637-03, 2004-37 I.R.B.472
REG-120616-03, 2004-37 I.R.B.474
REG-124405-03, 2004-35 I.R.B.394
REG-131486-03, 2004-28 I.R.B.36
REG-131786-03, 2004-38 I.R.B.500
REG-145987-03, 2004-39 I.R.B.523
REG-149524-03, 2004-39 I.R.B.528
REG-150562-03, 2004-32 I.R.B.175
REG-152549-03, 2004-36 I.R.B.451
REG-154077-03, 2004-37 I.R.B.476
REG-171386-03, 2004-37 I.R.B.477
REG-101447-04, 2004-34 I.R.B.344
REG-106889-04, 2004-38 I.R.B.501
REG-116265-04, 2004-38 I.R.B.505
REG-117307-04, 2004-28 I.R.B.39
REG-124872-04, 2004-39 I.R.B.533
REG-128767-04, 2004-39 I.R.B.534
REG-129274-04, 2004-40 I.R.B.567
REG-129706-04, 2004-37 I.R.B.478
REG-129771-04, 2004-36 I.R.B.453
REG-130863-04, 2004-39 I.R.B.538
REG-131264-04, 2004-38 I.R.B.506
REG-135898-04, 2004-40 I.R.B.568
REG-136481-04, 2004-37 I.R.B.480
Revenue Procedures:
2004-38, 2004-27 I.R.B.10
2004-39, 2004-29 I.R.B.49
2004-40, 2004-29 I.R.B.50
2004-41, 2004-30 I.R.B.90
2004-42, 2004-31 I.R.B.121
2004-43, 2004-31 I.R.B.124
2004-44, 2004-31 I.R.B.134
2004-45, 2004-31 I.R.B.140
2004-46, 2004-31 I.R.B.142
2004-47, 2004-32 I.R.B.169
2004-48, 2004-32 I.R.B.172
2004-49, 2004-33 I.R.B.210
2004-50, 2004-33 I.R.B.211
2004-51, 2004-33 I.R.B.294
2004-52, 2004-34 I.R.B.319
2004-53, 2004-34 I.R.B.320
2004-54, 2004-34 I.R.B.325
2004-55, 2004-34 I.R.B.343
2004-56, 2004-35 I.R.B.376
2004-57, 2004-38 I.R.B.498
2004-58, 2004-41 I.R.B.602
Revenue Rulings:
2004-63, 2004-27 I.R.B.6
2004-64, 2004-27 I.R.B.7
2004-65, 2004-27 I.R.B.1
2004-66, 2004-27 I.R.B.4
2004-67, 2004-28 I.R.B.28
2004-68, 2004-31 I.R.B.118
2004-69, 2004-36 I.R.B.445
2004-70, 2004-37 I.R.B.460
2004-71, 2004-30 I.R.B.74
2004-72, 2004-30 I.R.B.77
2004-73, 2004-30 I.R.B.80
2004-74, 2004-30 I.R.B.84
2004-75, 2004-31 I.R.B.109
2004-76, 2004-31 I.R.B.111
2004-77, 2004-31 I.R.B.119
2004-78, 2004-31 I.R.B.108
2004-79, 2004-31 I.R.B.106
2004-80, 2004-32 I.R.B.164
2004-81, 2004-32 I.R.B.161
2004-82, 2004-35 I.R.B.350
2004-83, 2004-32 I.R.B.157
2004-84, 2004-32 I.R.B.163
2004-85, 2004-33 I.R.B.189
2004-86, 2004-33 I.R.B.191
2004-87, 2004-32 I.R.B.154
2004-88, 2004-32 I.R.B.165
2004-89, 2004-34 I.R.B.301
2004-90, 2004-34 I.R.B.317
2004-91, 2004-35 I.R.B.357
2004-92, 2004-37 I.R.B.466
2004-93, 2004-37 I.R.B.462
2004-94, 2004-38 I.R.B.491
2004-95, 2004-38 I.R.B.492
2004-96, 2004-41 I.R.B.593
2004-97, 2004-39 I.R.B.516
Tax Conventions:
2004-60, 2004-29 I.R.B.43
Treasury Decisions:
9131, 2004-27 I.R.B.2
9132, 2004-28 I.R.B.16
9133, 2004-28 I.R.B.25
9134, 2004-30 I.R.B.70
9135, 2004-30 I.R.B.69
9136, 2004-31 I.R.B.112
9137, 2004-34 I.R.B.308
9138, 2004-32 I.R.B.160
9139, 2004-38 I.R.B.495
9140, 2004-32 I.R.B.159
9141, 2004-35 I.R.B.359
9142, 2004-34 I.R.B.302
9143, 2004-36 I.R.B.442
9144, 2004-36 I.R.B.413
1
A cumulative list of all revenue rulings, revenueprocedures, Treasury decisions, etc., publishedin Internal Revenue Bulletins 2004–1 through 2004–26 is in Internal Revenue Bulletin
2004–26, dated June 28, 2004.
2004–41 I.R.B.iiOctober 12, 2004

Treasury Decisions— Continued:
9145, 2004-37 I.R.B.464
9146, 2004-36 I.R.B.408
9147, 2004-37 I.R.B.461
9148, 2004-37 I.R.B.460
9149, 2004-38 I.R.B.494
9150, 2004-39 I.R.B.514
9151, 2004-38 I.R.B.489
9152, 2004-39 I.R.B.509
9153, 2004-39 I.R.B.517
9154, 2004-40 I.R.B.560
9155, 2004-40 I.R.B.562
9157, 2004-40 I.R.B.545
October 12, 2004iii2004–41 I.R.B.

Findings List of Current Actions on
Previously Published Items
1
Bulletins 2004–27 through 2004–41
Announcements:
99-76
Obsoleted by
T.D. 9157, 2004-40 I.R.B.545
2003-54
Updated and superseded by
Ann. 2004-72, 2004-41 I.R.B.650
2004-70
Amended by
Ann. 2004-77, 2004-41 I.R.B.662
Notices:
88-128
Supplemented by
Notice 2004-61, 2004-41 I.R.B.596
98-65
Superseded by
Rev. Proc. 2004-40, 2004-29 I.R.B.50
2001-50
Modified by
Rev. Proc. 2004-46, 2004-31 I.R.B.142
2002-70
Modified by
Notice 2004-65, 2004-41 I.R.B.599
2003-76
Supplemented and superseded by
Notice 2004-67, 2004-41 I.R.B.600
Modified by
Notice 2004-65, 2004-41 I.R.B.599
2004-2
Modified by
Notice 2004-50, 2004-33 I.R.B.196
2004-2,
Corrected by
Ann. 2004-67, 2004-36 I.R.B.459
Proposed Regulations:
INTL-116-90
Withdrawn by
REG-208246-90, 2004-36 I.R.B.450
REG-208254-90
Withdrawn by
REG-136481-04, 2004-37 I.R.B.480
REG-104683-00
Partially withdrawn by
Ann. 2004-64, 2004-35 I.R.B.402
REG-165579-02
Withdrawn by
Ann. 2004-69, 2004-39 I.R.B.542
Proposed Regulations— Continued:
REG-150562-03
Corrected by
Ann. 2004-68, 2004-38 I.R.B.508
Ann. 2004-73, 2004-39 I.R.B.543
Revenue Procedures:
79-61
Superseded by
Rev. Proc. 2004-44, 2004-31 I.R.B.134
89-37
Obsoleted by
Rev. Rul. 2004-90, 2004-34 I.R.B.317
94-64
Superseded by
Rev. Proc. 2004-38, 2004-27 I.R.B.10
96-18
Obsoleted by
Rev. Rul. 2004-90, 2004-34 I.R.B.317
96-53
Superseded by
Rev. Proc. 2004-40, 2004-29 I.R.B.50
96-60
Superseded by
Rev. Proc. 2004-53, 2004-34 I.R.B.320
98-41
Superseded by
Rev. Proc. 2004-56, 2004-35 I.R.B.376
2000-37
Modified by
Rev. Proc. 2004-51, 2004-33 I.R.B.294
2002-9
Modified and amplified by
Rev. Proc. 2004-41, 2004-30 I.R.B.90
2003-28
Superseded by
Rev. Proc. 2004-58, 2004-41 I.R.B.602
2003-30
Superseded by
Rev. Proc. 2004-54, 2004-34 I.R.B.325
2003-52
Superseded by
Rev. Proc. 2004-50, 2004-33 I.R.B.211
2004-4
Modified by
Rev. Proc. 2004-44, 2004-31 I.R.B.134
2004-23
Modified by
Rev. Proc. 2004-57, 2004-38 I.R.B.498
Revenue Rulings:
54-379
Superseded by
Rev. Rul. 2004-68, 2004-31 I.R.B.118
58-120
Obsoleted by
Rev. Rul. 2004-90, 2004-34 I.R.B.317
62-60
Amplified by
Rev. Proc. 2004-53, 2004-34 I.R.B.320
70-58
Obsoleted by
Rev. Rul. 2004-90, 2004-34 I.R.B.317
73-354
Obsoleted by
Rev. Rul. 2004-76, 2004-31 I.R.B.111
78-371
Distinguished by
Rev. Rul. 2004-86, 2004-33 I.R.B.191
79-64
Obsoleted by
Rev. Rul. 2004-90, 2004-34 I.R.B.317
80-7
Amplified and clarified by
Rev. Rul. 2004-71, 2004-30 I.R.B.74
Rev. Rul. 2004-72, 2004-30 I.R.B.77
Rev. Rul. 2004-73, 2004-30 I.R.B.80
Rev. Rul. 2004-74, 2004-30 I.R.B.84
80-366
Obsoleted by
Rev. Rul. 2004-90, 2004-34 I.R.B.317
81-100
Clarified and modified by
Rev. Rul. 2004-67, 2004-28 I.R.B.28
85-70
Amplified and clarified by
Rev. Rul. 2004-71, 2004-30 I.R.B.74
Rev. Rul. 2004-72, 2004-30 I.R.B.77
Rev. Rul. 2004-73, 2004-30 I.R.B.80
Rev. Rul. 2004-74, 2004-30 I.R.B.84
92-105
Distinguished by
Rev. Rul. 2004-86, 2004-33 I.R.B.191
2004-75
Amplified by
Rev. Rul. 2004-97, 2004-39 I.R.B.516
Treasury Decisions:
9031
Removed by
T.D. 9152, 2004-39 I.R.B.509
1
A cumulative list of current actions on previously published items in Internal Revenue Bulletins 2004–1 through 2004–26 is in Internal Revenue Bulletin 2004–26, dated June 28, 2004.
2004–41 I.R.B.ivOctober 12, 2004
*U.S.G.P.O.: 2004—304–778/60156