Rev. Proc. 2003-17

From: United States. Internal Revenue Bulletin | Date: February 10, 2003| Author: | Copyright information

SECTION 1. PURPOSE

This revenue procedure prescribes the loss payment patterns and discount factors for the 2002 determination year. These factors will be used to compute discounted unpaid losses under (sec)846 of the Internal Revenue Code.

SECTION 2. BACKGROUND

.01 Section 846 provides that discounted unpaid losses must be separately determined for each accident year of each line of business by applying an interest rate determined under (sec)846(c) and the appropriate loss payment pattern to the amount of unpaid losses as measured at the end of the tax year.

Section 846(d) directs the ...

Read all of this article with a FREE trial to HighBeam Research

Related newspaper, magazine, and trade journal articles from HighBeam Research

(Including press releases, facts, information, and biographies)

Rev. proc. 96-44
; ...procedure prescribes the loss payment patterns and discount factors for the 1996 accident...background concerning the loss payment patterns and application of the discount factors. SEC. 2. SCOPE This...of business using discount factors published by ...
Rev. Proc. 2001-60
; ...concerning the loss payment patterns and application of the discount factors. SECTION 2...business using discount factors published by...3. TABLES OF DISCOUNT FACTORS .01 The following...business the discount factors under sec 846...2001. All the ...
Rev. Proc. 2000-44
; ...procedure prescribes the loss payment patterns and discount factors for the 2000 accident...background concerning the loss payment patterns and application of the discount factors. SEC. 2. SCOPE This...of business using discount factors published by ...
DURABLE-GOODS MONOPOLY WITH PRIVATELY KNOWN IMPATIENCE: A THEORETICAL AND EXPERIMENTAL STUDY
; ...is private information. The discount factors of the buyer and the seller...we allow for a difference in discount factors. The usual assumption is that players have identical discount factors. However, there is ample evidence...
There's more to being a management accountant than passing the exams!
; ...allowed for all business risk in the discount factors. Answer This is really two questions...point at which you can look up the discount factors in the tables which accompany the...and let them calculate the specific discount factors required by the particular evaluation...
Rev. Proc. 98-12
; ...procedure prescribes the salvage discount factors for the 1997 accident year. These...for each line of business the discount factors under 832 for the 1997 accident year. All the discount factors presented in this section were...
Rev. Proc. 2001-61
; ...procedure prescribes the salvage discount factors for the 2001 accident year. These...for each line of business the discount factors under sec 832 for the 2001 accident year. All the discount factors presented in this section were...
Compulsory purchase rules have both pros and cons.(News)
; ...30 years, have had a right to a home loss payment following compulsory purchase. The details...and then be entitled to an additional loss payment to acknowledge the fact that his interest...can actually keep the benefit of the loss payment. Imagine, for example, a tenant receiving...
Fears over payouts for bypass families
; ...available in Scotland under the Home Loss Payment system is less than half the top level...are given moving payments and a home loss payment compensation set at 10% of the open...the property acquired. Scotland's home loss payment values vary from pounds1,500 to a maximum...
How to Succeed With Response Modeling.
; ...today. Sure, LTV itself asks some discount factors to convert net future value (NFV...shown in Test (adj)-- adjusted by discount factors, a new LTV #BE turns to 16.59 and...much as $3.22 per customer due to discount factors. Instead, you just expect to get...