Misidentification noted.The Tax Brief "More Clarification on 1031 Exchanges" (JofA, Jun.03, page 83) needs clarification. On November 25, 2002, the Internal Revenue Service released revenue ruling 2002-83 in Internal Revenue Bulletin (IRB IRB See: Industrial Revenue Bond ) 2002-49. (It can be found in CCH's Standard Federal Tax Reporter, vol. 19, pp. 78, 199-24 and 78, 199-25, 2002.) The article misnamed mis·name tr.v. mis·named, mis·nam·ing, mis·names To call by a wrong name. misnamed Adjective having an inappropriate or misleading name: the ruling as a procedure. It had us in the right town, wrong street. Other than that, it was functionally correct. William Edwards, CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. Veltri, Edwards & Associates, PA Englewood Cliffs, New Jersey Englewood Cliffs is a borough in Bergen County, New Jersey, United States. As of the United States 2000 Census, the borough population was 5,322. The borough houses the world headquarters of CNBC and the American headquarters of Unilever. Author's reply: The term "revenue procedure" was inadvertently used. The IRS released Revenue Ruling 2002-83, not Revenue Procedure 2002-83. Also, the correct term for TAM should be Technical Advice Memorandum 9748006, not Tax Advice Memorandum (page 84). Ron Raitz, CCIM Real Estate Exchange Services Inc. Marietta, Georgia |
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