What is the permanent C.B. citation for the fifth revenue procedure of 2001?
The permanent citation for the fifth revenue procedure of 2001, which was published in the second week of the year and can be found on page 164 of the appropriate document, would be as follows: Rev. Proc. 2001-5, 2001-2 C.B. 164.
Components of the Citation:
1. "Rev. Proc." stands for Revenue Procedure, which is a type of official guidance issued by the Internal Revenue Service (IRS) in the United States. Revenue Procedures provide instructions and guidelines on various tax-related matters.
2. "2001-5" indicates that the revenue procedure was the fifth one issued in the year 2001. The numbering is sequential, with the first revenue procedure of the year being -1, the second being -2, and so on.
3. "2001-2 C.B." refers to the Cumulative Bulletin (C.B.) publication for the year 2001, specifically the second C.B. of that year. The Cumulative Bulletin is a weekly publication by the IRS that compiles and presents various official tax documents, including revenue procedures, revenue rulings, and other guidance.
4. "164" represents the page number where the fifth revenue procedure of 2001 can be found within the appropriate Cumulative Bulletin document.
By providing the citation as "Rev. Proc. 2001-5, 2001-2 C.B. 164," one can easily locate and reference the specific revenue procedure in question, ensuring accurate and precise citation of the IRS guidance.