Small Business Taxes & Management
IRS Pronouncements--2015


Small Business Taxes & ManagementTM--Copyright 2015, A/N Group, Inc.

Note. The list below contains a synopses of revenue rulings, revenue procedures, notices, announcements and regulations beginning with those issued January 1, 2015. Because the IRS is no longer indexing the contents of the bulletins as in the past, we have created two indicies--this one is a complete list of all pronouncements. For an abbreviated list that is limited to those items we believe to be of interest to small to mid-sized business owners, their advisors, CPAs, enrolled agents, etc, go to IRS Pronouncements--2015--Short List. For a abbreviated, similar listing for prior years, go to:

IRS Pronouncements--2014
IRS Pronouncements--2013
IRS Pronouncements--2012
IRS Pronouncements--2011
IRS Pronouncements--2010
IRS Pronouncements--2009
IRS Pronouncements--2008
IRS Pronouncements--2007
IRS Pronouncements--2006
IRS Pronouncements--2005
IRS Pronouncements--2004
IRS Pronouncements--2003
IRS Pronouncements--2002
IRS Pronouncements--2001
IRS Pronouncements--2000

We've included the IRB (Internal Revenue Bulletin) reference so you can find the full text on the IRS web site. We've tried to make the list as searchable as possible while keeping the descriptions short. Use the "find-in-page" or "find" feature of your browser (CTRL-F) to search this list. Be sure to try variations of keywords such as "activities" as well as "activity"; "depreciation" as well as "depreciate". You can download any Bulletin at the IRS website. The Applicable Federal Rate and interest rates on over- and underpayments are updated on our IRS Interest Rates page or, for more details go to the IRS AFR page

Notes.

For Revenue Rulings-- www.irs.gov/pub/irs-drop/rr-15-xx.pdf
For Revenue Procedures-- www.irs.gov/pub/irs-drop/rp-15-xx.pdf
For Notices-- www.irs.gov/pub/irs-drop/n-15-xx.pdf

The xx must be at least two digits. Thus, Revenue Ruling 5 for 2015 would be: www.irs.gov/pub/irs-drop/RR-15-05.pdf   For prior years, change the 15 to the appropriate year (available years vary).

 

New Additions - Bulletin 4

Rev. Rul. 2015-1 (IRB 2015-4) Applicable federal rates; adjusted federal long-term rate; January 2015.

Notice 2015-2 (IRB 2015-4) Transit benefits; amounts treated as wages; $130 per month; special administrative procedure; fourth quarter Form 941.

For the full text of these rulings, go to Internal Revenue Bulletin 2015-04

 

Cumulative Listings - 2015

Revenue Rulings

Rev. Rul. 2015-1 (IRB 2015-4) Applicable federal rates; adjusted federal long-term rate; January 2015.
Rev. Rul. 2015-2 (IRB 2015-3) Insurance companies; interest rate tables; Sec. 807; determination of reserves; contracts issued in 2014 and 2015; Rev. Rul. 92-19 is supplemented in part.

 

Revenue Procedures

Rev. Proc. 2015-12 (IRB 2015-2) Sec. 162, 263A; guidance on expenditures to maintain, replace or improve cable system network assets deductibility; capitalization; guidance on computing depreciation.
Rev. Proc. 2015-10 (IRB 2015-2) Sec. 509(a); issuance of determination letters and rulings on private foundations; Sec. 4942 operating foundation status; exempt operating foundation status; nonexempt charitable trusts; Rev. Proc. 2014-10 superseded.
Rev. Proc. 2015-09 (IRB 2015-2) Sec. 501; 521; issuance of determination letters on exempt status; revocation and modification of determination letters; Sec. 7428; Rev. Proc. 2014-9 superseded.
Rev. Proc. 2015-08 (IRB 2015-1) Guidance for user fee program for requests for letter rulings, determination letters, etc.; Tax Exempt and Government Entities; Rev. Proc. 2014-8 superseded.
Rev. Proc. 2015-07 (IRB 2015-1) Areas where Associate Chief Counsel International will not issue letter rulings or determination letters; Rev. Proc. 2014-7 superseded.
Rev. Proc. 2015-06 (IRB 2015-1) Determination letters for qualified status of employee plans under Sections 401(a), 403(a), 409, and 4975; Rev. Proc. 2014-6 superseded.
Rev. Proc. 2015-05 (IRB 2015-1) Procedures for determination letters on exempt status Sec. 501(c)(3); Form 1023-EZ.
Rev. Proc. 2015-04 (IRB 2015-1) Rulings and information letters; issuance procedures; revised; Rev. Proc.. 2014-4 superseded.
Rev. Proc. 2015-03 (IRB 2015-1) Revised list of areas where IRS will not issue letter rulings or determination letters; Corporate; Financial Institutions and Products; Income Tax and Accounting; International; Passthroughs and Special Industries; Procedure and Administration; Tax Exempt and Government Entities; Rev. Proc. 2014-3 superseded.
Rev. Proc. 2015-02 (IRB 2015-1) Technical advice memoranda; TAMS; taxpayer rights when field office requests TAMS; Corporate; Financial Institutions and Products; Income Tax and Accounting; International; Passthroughs and Special Industries; Procedure and Administration; Tax Exempt and Government Entities; Rev. Proc. 2014-2 superseded.
Rev. Proc. 2015-01 (IRB 2015-1) Procedures for letter rulings and information letters; Corporate; Financial Institutions and Products; Income Tax and Accounting; International; Passthroughs and Special Industries; Procedure and Administration; Tax Exempt and Government Entities; Rev. Proc. 2014-1 superseded.

 

Regulations

T.D. 9707 (IRB 2015-2) Form 5472 Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business; filing of late return; form due by due date of return, including extensions.

 

Proposed Regulations

REG-145878-14 (IRB 2015-2) Summary of benefits and coverage; SBC; uniform glossary for group heath plans and health insurance coverage in group and individual markets.
REG-132751-14 (IRB 2015-2) Public Health Service Act; wraparound coverage; amendment of regulations regarding excepted benefits.
REG-109187-11 (IRB 2015-2) Transferor of installment obligation; gain recognition under Sec. 453B on certain dispositions.
None

 

Notices

Notice 2015-2 (IRB 2015-4) Transit benefits; amounts treated as wages; $130 per month; special administrative procedure; fourth quarter Form 941.
Notice 2015-1 (IRB 2015-2) Special valuation rules for vehicles; maximum vehicle values; use of standard mileage rate for valuing personal use.

 

Announcements

Announcement 2014-3 (IRB 2015-3) Automatic approval of a change in funding method; single-employer defined benefit plan; change in enrolled actuary.
Announcement 2014-2 (IRB 2015-3) Simplified process for issuers of Sec. 501(c)(3) bonds; closing agreement; Prospective Reinstatement; tax exempt status automatically revoked; Sec. 6033(j)(1).

 

       Links to Individual Bulletins

Internal Revenue Bulletin 2015-1
Internal Revenue Bulletin 2015-2
Internal Revenue Bulletin 2015-3
Internal Revenue Bulletin 2015-4

 


Copyright 2015 by A/N Group, Inc. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is distributed with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional should be sought. The information is not necessarily a complete summary of all materials on the subject. Copyright is not claimed on material from U.S. Government sources--ISSN 1089-1536


Return to Home Page

--Last Update 01/25/15