Small Business Taxes & Management

IRS Pronouncements--2025

Note. The list below contains a synopses of revenue rulings, revenue procedures, notices, announcements and regulations beginning with those issued January 1, 2025. Please note. Revenue Rulings, Procedures, etc. are not always released in strict numerical order. For a similar listing for prior years, go to:

IRS Pronouncements--2024
IRS Pronouncements--2023
IRS Pronouncements--2022
IRS Pronouncements--2021
IRS Pronouncements--2020
IRS Pronouncements--2019
IRS Pronouncements--2018
IRS Pronouncements--2017
IRS Pronouncements--2016
IRS Pronouncements--2015
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". The Applicable Federal Rate and interest rates on over- and underpayments are updated on our IRS Interest Rates page.

Notes.

The list below includes pronouncements for the first 5 bulletins of 2025.
Entries for each section are in the order they appear in the bulletins.
Go to our Abbreviations page for details on any abbreviations.
Quick link to Individual Bulletins for 2025
If you know the number, you can access a PDF file of any recent Revenue Ruling, Revenue Procedure, or Notice at the IRS Web site directly. Simply paste the appropriate link below into your browser and enter the desired ruling, procedure, or notice number instead of the xx.

For Revenue Rulings-- www.irs.gov/pub/irs-drop/rr-25-xx.pdf
For Revenue Procedures-- www.irs.gov/pub/irs-drop/rp-25-xx.pdf
For Notices-- www.irs.gov/pub/irs-drop/n-25-xx.pdf

The xx must be at least two digits. Thus, Revenue Ruling 5 for 2025 would be: www.irs.gov/pub/irs-drop/rr-25-05.pdf For prior years, change the 25 to the appropriate year (available years vary).

New Additions - Bulletin 5

T.D. 10017 (IRB 2025-5) Sec. 6751; timing of supervisory approval of penalties; three rules depending on circumstances; definitions.

Notice 2025-7 (IRB 2025-5) Sec. 1012; temporary relief; reliance on alternative methods of adequate identification with respect to units of digital assets held by a broker.

For the full text of these rulings, go to Internal Revenue Bulletin 2025-5

NOTE!--When searching for references to the Coronavirus, use COVID-19 instead.

Cumulative Listings - 2025

Revenue Rulings

Rev. Rul. 2025-3 (IRB 2025-4) Sec. 7436; application of Section 530 of Revenue Act of 1978; Notice of Employment Determination; several factual situations.
Rev. Rul. 2025-2 (IRB 2025-3) Sec. 401; tables of covered compensation.
Rev. Rul. 2025-1 (IRB 2025-3) Applicable federal rates; adjusted federal long-term rate; January, 2025.

Revenue Procedures

Rev. Proc. 2025-12 (IRB 2025-4) Rev. Proc. 2025-1 modified to reflect correct user fee for requests for tax treaty limitation of benefits determination; Rev. Proc. 2025-1 modified.
Rev. Proc. 2025-11 (IRB 2025-4) Sec. 48E; procedural and clarifying guidance; low-income communities bonus credit; Capacity Limitation.
Rev. Proc. 2025-10 (IRB 2025-4) Section 530 of Revenue Act of 1978; clarify definition of employee; timeliness requirement for filing required returns; reasonable basis safe harbor; Rev. Proc. 85-18 modified and superseded.
Rev. Proc. 2025-9 (IRB 2025-4) Sec. 5000D; excise tax on designated drugs; safe harbor percentage for sales.
Rev. Proc. 2025-8 (IRB 2025-3) Sec. 446; procedures for obtaining automatic consent to change methods of accounting for research or experimental expenditures paid in taxable years beginning after December 31, 2021; Rev. Proc. 2024-23 modified.
Rev. Proc. 2025-7 (IRB 2025-1) Areas in which rulings will not be issued, Associate Chief Counsel (International).
Rev. Proc. 2025-5 (IRB 2025-1) Procedures for isuing determination letters on issues under the jurisdiction of Director, Exempt Organizations; user fees for requests.
Rev. Proc. 2025-4 (IRB 2025-1) Update of Rev.Proc. 2023-4; types of advice the IRS to taxpayers on issues under the Commissioner, Tax Exempt and Government Entities Division, Employee Plans Rulings and Agreements and procedures for letter rulings and determination letters.
Rev. Proc. 2025-3 (IRB 2025-1) Revised list of areas under Associated Chief Counsel (Corporate, Financial institutions and Products, Income Tax and Accounting, Passthroughs and Special Industries, Procedure and Administration, and Employee Benefits, Exempt Organizations and Employment Taxes) on which the Service will not issue letter rulings or determination letters; Rev. Proc. 2024-3 updated.
Rev. Proc. 2025-2(IRB 2025-1) Procedures for Technical advice memoranda; TAMS; taxpayer rights when field office requests TAMS; Rev. Proc. 2024-2 superseded.
Rev. Proc. 2025-1 (IRB 2025-1) Procedures for letter rulings and information letters; Associate Chief Counsel; Corporate; Financial Institutions and Products; Income Tax and Accounting; International; Passthroughs and Special Industries; Procedure and Administration; Tax Exempt and Government Entities; Rev. Proc. 2024-1 superseded.

Regulations

T.D. 10017 (IRB 2025-5) Sec. 6751; timing of supervisory approval of penalties; three rules depending on circumstances; definitions.
T.D. 10019 (IRB 2025-4) Premium Tax Credit; amend definition of coverage month; certain other rules; eligibilityfor acoverage under a State's Basic Health Program.
T.D. 10018 (IRB 2025-4) Amendment to consolidated return regulations; controlled group of corporations; statutory changes, modernize language, enhance clarity.
T.D. 10020 (IRB 2025-3) Sec. 150; when tax exempt bonds are treated as retired for purposes of Sec. 103 and 141 through 150; regulations under Sec. 1001 amended.
T.D. 10016 (IRB 2025-3) Final regulations provide an election to treat all items of a qualified business unit as marked items (subject to a loss suspension rule); an election to recognize all foreigncurrency gain or loss with respect to a qualified business unit on an annual basis; a new transition rule, and certain other rules.

Proposed Regulations

REG 105479-18 (IRB 2025-5) Proposed regulations regarding previously taxed earnings and profits of foreign corporations; related basis adjustments.
REG 116610-20 (IRB 2025-5) Proposed amendments to the regulations governing practice before the IRS; contingent fee arrangements; new standards for appraisals; and update certain provisions.
REG 134420-10 (IRB 2025-4) Clarify Reg. Sec. 1.1502-80(d) to clarify non-applicability of Sec. 357(c) to consolidated groups.
REG 117213-24 (IRB 2025-3) Requirement to recognize taxable income or loss and foreign currency gain or loss; qualified business unit; election intended to reduce the compliance burden for certain disregarded transactions.

Notices

Notice 2025-7 (IRB 2025-5) Sec. 1012; temporary relief; reliance on alternative methods of adequate identification with respect to units of digital assets held by a broker.
Notice 2025-3 (IRB 2025-4) DeFi brokers; transitional relief from backup withholding tax liability and penalties; sales of digital asset during calendar year 2027; other changes. Notice 2025-5 (IRB 2025-3) Standard mileage rates; deductible costs of operating an auto for business, charitable, medical or moving purposes; basis reduction for depreciation under standard mileage rates; fixed and variable rate; maximum fair market value of employer provided automobiles; fleet-average valuation rule; vehicle cents-opler-mile valuation.
Notice 2025-4 (IRB 2025-3) Sec. 482; intention to issue proposed regulations new simplified and stremlined approach; SSA; for pricing certain controlled transactions involving baseline marketing and distribution activities.
Notice 2025-2 (IRB 2025-3) Form 8308; relief from certain penalties; failure of a partnership with unrealized receivables or inventory items to furnish Part IV; transfers of partnership interests occurring in calendar 2024.
Notice 2025-1 (IRB 2025-3) Corporate bond monthly yield curve December 2024; Sec. 417; 430; interest rate on 30-year Treasury securities; spot segment rates for November 2024.

Announcements

Announcement 2025-6 (IRB 2025-5) Fast Track Settlement; FTS; pilot program; implementation; specific issues in a case; Post Appeals Mediation; PAM; PAM available to all taxpayers in the FTS program.
Announcement 2025-5 (IRB 2025-3) Suspension of part of Convention between the U.S. and Union of Society Socialist Republics on Matters of Taxation.
Announcement 2025-1 (IRB 2025-3) Office of Professional Responsibility; OPR; disciplinary sanctions.
Announcement 2025-4 (IRB 2025-2) Correction to publication of T.D. 10015 to add information about athe Federal Register filing date and publication information.
Announcement 2025-3 (IRB 2025-2) Amends the announcement number of Announcement 2024-39, 2024-39 I.R.B. 639, to Announcement 2024-33 by correcting several administrative references.
Announcement 2025-2 (IRB 2025-2) Sec. 401; required minimum distributions; RMD; certain portions of proposed regulations to apply beginning in 2026 distribution calendar year.

Action On Decision

None

Links to Individual Bulletins

Internal Revenue Bulletin 2025-1
Internal Revenue Bulletin 2025-2
Internal Revenue Bulletin 2025-3
Internal Revenue Bulletin 2025-4
Internal Revenue Bulletin 2025-5

Copyright 2025 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

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--Last Update 01/25/25