Small Business Taxes & Management
IRS Pronouncements--2016


Small Business Taxes & ManagementTM--Copyright 2016, 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, 2016. 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--2016--Short List. For a abbreviated, similar listing for prior years, go to:

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". 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-16-xx.pdf
For Revenue Procedures-- www.irs.gov/pub/irs-drop/rp-16-xx.pdf
For Notices-- www.irs.gov/pub/irs-drop/n-16-xx.pdf

The xx must be at least two digits. Thus, Revenue Ruling 5 for 2016 would be: www.irs.gov/pub/irs-drop/RR-16-05.pdf   For prior years, change the 16 to the appropriate year (available years vary).

New Additions - Bulletin 34

Rev. Proc. 2016-42 (IRB 2016-34) Sec. 664; charitable remainder annuity trust; CRAT; qualified contingency; qualified exhaustion; sample provision; Rev. Rul. 70-452; Rev. Rul. 77-374.

Notice 2016-49 (IRB 2016-34) Sec. 7705; Certified Professional Employer Organization; CPEO; revisions intended to be made to temporary regulations; additional time to submit application.

Announcement 2016-29 (IRB 2016-34) Correction to Notice 2016-44 (IRB 2016-29); administrative item.
Announcement 2016-28 (IRB 2016-34) Sec. 501(c)(3); revocation of organizations for failure to meet code requirements; contributions no longer deductible.

For the full text of these rulings, go to Internal Revenue Bulletin 2016-34

 

Cumulative Listings - 2016

Revenue Rulings

Rev. Rul. 2016-18 (IRB 2016-31) Applicable federal rates; adjusted federal long-term rate; blended annual rate; August 2016.
Rev. Rul. 2016-17 (IRB 2016-27) Applicable federal rates; adjusted federal long-term rate; blended annual rate; July 2016.
Rev. Rul. 2016-16 (IRB 2016-26) Sec. 274; travel and entertainment; convention or seminar; North American area; list of countries.
Rev. Rul. 2016-15 (IRB 2016-26) Sec. 108; real property held for lease in a leasing business; real property used in a trade or business; qualified real property; cancellation of debt; real property held for sale to customers.
Rev. Rul. 2016-12 (IRB 2016-26) Interest rates on underpayments and overpayments; quarter beginning July 1, 2016.
Rev. Rul. 2016-13 (IRB 2016-23) Applicable federal rates; adjusted federal long-term rate; June 2016.
Rev. Rul. 2016-11 (IRB 2016-19) Applicable federal rates; adjusted federal long-term rate; May 2016.
Rev. Rul. 2016-10 (IRB 2016-15)Sec. 1.61-21(g); fringe benefits aircraft valuation formula; SIFL cents-per-mile rate; employer-provided aircraft; first half of 2016.
Rev. Rul. 2016-6 (IRB 2016-14) Interest rates on underpayments and overpayments; quarter beginning April 1, 2016.
Rev. Rul. 2016-9 (IRB 2016-14) Applicable federal rates; adjusted federal long-term rate; April 2016.
Rev. Rul. 2016-8 (IRB 2016-11) Removal of Cuba from Sec. 901(j) list; Rev. Rul. 2005-3 modified.
Rev. Rul. 2016-7 (IRB 2016-10) Applicable federal rates; adjusted federal long-term rate; March 2016.
Rev. Rul. 2016-5 (IRB 2016-8) Secv. 401(l)(5)(E); tables of covered compensation.
Rev. Rul. 2016-4 (IRB 2016-6) Applicable federal rates; adjusted federal long-term rate; February 2016.
Rev. Rul. 2016-2 (IRB 2016-4) Sec. 807; insurance companies; interest rate tables; prevailing state assumed interest rates; determination of reserves; Rev. Rul. 92-19 supplemented in part.
Rev. Rul. 2016-3 (IRB 2016-3) Sec. 4371; 1-percent excise tax on reinsurance premiums; Validus Reinsurance; foreign insurer; Rev. Rul. 2008-15 revoked.
Rev. Rul. 2016-1 (IRB 2016-2) Applicable federal rates; adjusted federal long-term rate; January 2016.

 

Revenue Procedures

Rev. Proc. 2016-42 (IRB 2016-34) Sec. 664; charitable remainder annuity trust; CRAT; qualified contingency; qualified exhaustion; sample provision; Rev. Rul. 70-452; Rev. Rul. 77-374.
Rev. Proc. 2016-40 (IRB 2016-32) Sec. 355; safe harbors; requisite control; acquisition of control of another corporation through issuance of stock; reversal of transaction.
Rev. Proc. 2016-41 (IRB 2016-30) Procedure for notification by organization operating as described in Sec. 501(c)(4); Sec. 506.
Rev. Proc. 2016-39 (IRB 2016-30) Gain or loss on shares in money market fund; change to or from net asset value method of accounting; Sec. 1.446-7; automatic consent.
Rev. Proc. 2016-37 (IRB 2016-29) Determination letter program for individually designed plans; procedures; six-year remedial cycle system for pre-approved plans; Rev. Proc. 2007-44 clarified, modified, and superseded; Rev. Proc. 2015-36 modified; Notice 2015-84 modified.
Rev. Proc. 2016-36 (IRB 2016-26) Sec. 72; phased retirement; recovery of investment in the contract from payments received from a retirement plan; Notice 2016-39; payment of amounts received as an annuity.
Rev. Proc. 2016-35 (IRB 2016-26) Private printing of red-ink substitutes; information returns; Publication 1179; Rev. Proc. 2015-35 superseded.
Rev. Proc. 2016-34 (IRB 2016-26) General rules and specifications for substitute forms and schedules; Publication 1167; Rev. Proc. 2015-55 superseded.
Rev. Proc. 2016-33 (IRB 2016-25) Professional employer organization; employee leasing company; PEO; certification; CPEO; process for applying for certification.
Rev. Proc. 2016-32 (IRB 2016-22) User fee for Form 1023-EZ reduced to $275; streamlined application for exemption; Sec. 501(c)(3).
Rev. Proc. 2016-26 (IRB 2016-22) Qualified mortgage bonds; median income figures; Sec. 143; mortgage credit certificates; Sec. 25.
Rev. Proc. 2016-31 (IRB 2016-21) Sec. 852; certain contributions received by money market funds from sponsors excluded from distribution requirements.
Rev. Proc. 2016-30 (IRB 2016-21) Pre-filing agreement; PFA; changes; scope expanded; increase in user fee; Rev. Proc. 2009-14 revised.
Rev. Proc. 2016-29 (IRB 2016-21) List of Automatic Changes to which the automatic change procedures of Rev. Proc. 2015-13 apply.
Rev. Proc. 2016-28 (IRB 2016-20) Health Savings Accounts; HSAs; 2017 inflation adjustments; Sec. 223.
Rev. Proc. 2016-27 (IRB 2016-19) Sec. 432; revised procedure for applications for suspension of benefits under multiemployer defined benefit pension plan; critical and declining status.
Rev. Proc. 2016-25 (IRB 2016-18) Sec. 143; qualified mortgage bonds; QMB; qualified mortgage credit certificates; MCCs; average area purchase price safe harbors; Rev. Proc. 2015-31 obsoleted in part.
Rev. Proc. 2016-24 (IRB 2016-18) Sec. 36B; 5000A; premium tax credit; Applicable Percentage Table for 2017; required contribution percentage; eligibility for exemption from individual shared responsibility payment.
Rev. Proc. 2016-18 (IRB 2016-17) Sec. 6049; List of countries where automatic exchange relations with respect to bank deposit interest information; supplements Rev. Proc. 2014-64; as last supplemented by Rev. Proc. 2015-50.
Rev. Proc. 2016-23 (IRB 2016-16) Autos and trucks; vehicles; depreciation limitation; placed in service in 2016; lease inclusion amounts; leased vehicles.
Rev. Proc. 2016-22 (IRB 2016-15) Practices for administrative appeals process in cases in U.S. Tax Court; Rev. Proc. 87-24 updated.
Rev. Proc. 2016-21 (IRB 2016-14) Sec. 911; foreign earned income exclusion; failure to meet eligibility requirements; adversde conditions.
Rev. Proc. 2016-20 (IRB 2016-13) Specifications for private printing of red ink substitutes; Forms W-2 and W-3c; Publication 1223; Rev. Proc. 2014-56 superseded.
Rev. Proc. 2016-19 (IRB 2016-13) Submission of issues; Industry Issue Resolution Program; IIR; Large Business and International; Small Business and Self Employed; Tax Exempt and Government Entities.
Rev. Proc. 2016-17 (IRB 2016-11) Recovery of administrative and litigation costs; individuals and organizations that provide pro bono representation to taxpayers.
Rev. Proc. 2016-15 (IRB 2016-11) Low-income housing; minimum number of low-income units; physical inspections; low-income certification reviews.
Rev. Proc. 2016-16 (IRB 2016-10) Substitute Form 941; Schedule B; Schedule D; Rev. Proc. 20-15-38 superseded.
Rev. Proc. 2016-14 (IRB 2016-9) Protecting Americans from Tax Hikes Act of 2015; PATH; inflation adjusted items for 2016.
Rev. Proc. 2016-13 (IRB 2016-4) Disclosure on income tax return of item or position; adequate for reducing understatement of income tax under Sec. 6662(d); substantial understatement aspect of accuracy-related penalty; tax return preparer penalty; unreasonable position; Rev. Proc. 2015-16 updated.
Rev. Proc. 2016-11 (IRB 2016-2) Civil penalties; inflation-adjusted items; returns and statements required to be filed after December 31, 2015; failure to file correct information returns; Rev. Proc. 2015-53 modified.
Rev. Proc. 2016-10 (IRB 2016-2) Determination letters; private foundation status; Sec. 509(a); operating status; Sec. 4942(j)(3); exempt operating foundation status; Sec. 4940(d)(2); foundation status under Sec. 509(a)(3) of nonexempt charitable trusts; Rev. Proc. 2015-10 superseded.
Rev. Proc. 2016-8 (IRB 2016-1) Guidance for user fee program for requests for letter rulings, determination letters, advisory letters and Volumntary Correction Program (VCP); exempt organizations; Rev. Proc. 2015-8 superseded.
Rev. Proc. 2016-7 (IRB 2016-1) Areas in which rulings will not be issued, Associate Chief Counsel International.
Rev. Proc. 2016-6 (IRB 2016-1) Revised procedures for determination letters for qualified status of employee plans under Sections 401(a), 403(a), 409, and 4975; Rev. Proc. 2015-6 superseded.
Rev. Proc. 2016-5 (IRB 2016-1) Updates and merges Rev. Proc. 2015-5 and 2015-9 into one annual procedure; procedures for issuing determination letters on exempt status of organizations under Sec. 501 and 521.
Rev. Proc. 2016-4 (IRB 2016-1) Revised procedures; guidance on issues under the jurisdiction of the Commissioner, Tax Exempt and Government Entities.
Rev. Proc. 2016-3 (IRB 2016-1) 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; Associate Chief Counsel; Rev. Proc. 2015-3 superseded.
Rev. Proc. 2016-2 (IRB 2016-1) Procedures for 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; Associate Chief Counsel; Rev. Proc. 2015-2 superseded.
Rev. Proc. 2016-1 (IRB 2016-1) 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. 2015-1 superseded.

 

Regulations

T.D. 9776 (IRB 2016-32) Sec. 50; lessee of investment credit property when lessor elects to treat the lessee as having acquired the property; coordination with income inclusion rules; lease termination; lease disposition by lessee; disposition of partner's or S corporation shareholder's entire interest in lessee entity.
T.D. 9778 (IRB 2016-31) Sec. 7602; persons with IRS contracts for services; persons that can receive summoned records; participation in the interview of a summoned witness.
T.D. 9775 (IRB 2016-30) Sec. 501(c); 506; procedure for notification of organization's intent to operate under Sec. 501(c); Form 8976
T.D. 9774 (IRB 2016-30) Sec. 446; money market funds; simplified method for accounting for gains and losses on shares; exception to certain reporting requirements.
T.D. 9773 (IRB 2016-29) Information required to be reported on country-by-country reported; CbC; U.S. parent of multinational enterprise group; revenue of $850 million or more.
T.D. 9772 (IRB 2016-28) Sec. 833; Blue Cross and Blue Shield organizations; medical loss ratio.
T.D. 9770 (IRB 2016-26) Corporate property transferred to real estate investment trust; REIT; gain recognized and taxed at corporate level.
T.D. 9769 (IRB 2016-23) Sec. 72; distributions from designated Roth accounts; removal of rule regarding rollovers and proportionate share of pretax and after-tax amounts.
T.D. 9768 (IRB 2016-21) Voluntary certification program for professional employer organizations; PEOs; employee leasing company; requirements.
T.D. 9767 (IRB 2016-21) Sec. 432; multiemployer defined benefit plan; benefit suspension; critical and declining funded status.
T.D. 9766 (IRB 2016-21) Disregarded entity; single owner; other than corporation; self-employment tax; employment tax purposes treated as corporation.
T.D. 9765 (IRB 2016-20) Sec. 432; multiemployer defined benefit pension plans; critical and declining funding status; benefit suspension; reduction in benefits.
T.D. 9764 (IRB 2016-20) Sec. 6708; penalty for failing to make available lists of advisers with respect to reportable transactions.
T.D. 9763 (IRB 2016-20) Method to be used to adjust the applicable federal rates; corresponding rates under Sec. 1288; tax exempt obligations; long-term tax exempt rate.
T.D. 9761 (IRB 2016-20) Secs. 367; 7874; post-inversion tax avoidance transactions; domestic entities direct or indirectly acquired by a foreign corporation.
T.D. 9762 (IRB 2016-19) Private foundations; program-related investments; examples of investments that qualify as program-related.
T.D. 9760 (IRB 2016-15) Sec. 367; 361; outboard transfers of stock or securities in certain nonrecognition transactions; foreign corporations.
T.D. 9759 (IRB 2016-15) Acquisition of loss property from liquidating subsidiary or another corporation; loss in acquired property outside U.S. tax system; importation of losses; bases of assets received.
T.D. 9746 (IRB 2016-14) Non-functionally integrated Type III supporting organizations; distribution requirements; changes made by Pension Protection Act of 2006.
T.D. 9757 (IRB 2016-12) Sec. 6018; 6035; estate; reporting of recipient's basis in property acquired from decedent; reporting requirements for executors.
T.D. 9756 (IRB 2016-12) Sec. 7430; awards of administrative costs and attorneys fees; changes made by Taxpayer Relief Act of 1997 and IRS Restructuring and Reform Act of 1998.
T.D. 9755 (IRB 2016-12) Sec. 42; low-income housing credit; utility allowance; utility costs paid by tenant based on actual consumption; submeter.
T.D. 9754 (IRB 2016-11) Disclosure of information; Bureau of the Census; Sec. 6103(j)(1).
T.D. 9753 (IRB 2016-11) Sec. 42; low-income housing; physical inspections and review of low-income certifications; compliance monitoring by State and local housing credit agency.
T.D. 9752 (IRB 2016-10) Reporting certain specified foreign financial assets; domestic entities.
T.D. 9751 (IRB 2016-10) Sec. 897; 1445; withholding on foreign persons; certain dispositions of real property interests; PATH Act.
T.D. 9750 (IRB 2016-10) Sec. 1256; broker requirement; reporting OID income on a tax-exempt debt instrument; covered security.
T.D. 9749 (IRB 2016-10) Joint Board for the Enrollment of Actuaries; composition of Board.
T.D. 9748 (IRB 2016-8) Sec. 704; determining partnership allocation of creditable foreign tax expenditures; safe harbor rule.
T.D. 9745 (IRB 2016-2) Sec. 36B; health insurance premium tax credit; rules for determining amount of credit, wellness programs; employer-sponsored health coverage; REG-125398-12 finalized.

 

Proposed Regulations

REG-103058-16 (IRB 2016-33) 6055; identifying health insurance issuer as the reporting entity for catastrophic health coverage; when reporting is not required; relief from penalties.
REG-131418-14 (IRB 2016-33) Sec. 25A; 6050S; education tax credit; information reporting requirements.
REG-102516-15 (IRB 2016-32) Sec. 50; lessee of investment credit property when lessor elects to treat the lessee as having acquired the property; coordination with income inclusion rules; lease termination; lease disposition by lessee; disposition of partner's or S corporation shareholder's entire interest in lessee entity.
REG-134016-15 (IRB 2016-31) Sec. 355; clarify the application of device prohibition; active business requirement; distribution of stock of controlled corporation.
REG-101689-16 (IRB 2016-30) Sec. 501(c); 506; procedure for notification of organization's intent to operate under Sec. 501(c).
REG-109086-15 (IRB 2016-30) Sec. 36B; health insurance premium credit; amendment of computation for families with children who enroll in health coverage through exchanges that don't provide pediatric dental benefits; employer opt-out arrangements.
REG-147196-07 (IRB 2016-28) Sec. 457; State or local government and tax exempt deferred compensation plans; when amounts deferred are includible in income; amounts includible; plans not subject to these rules.
REG-123854-12 (IRB 2016-28) Sec. 409A; requirements on the deferral and payment of nonqualified defered compensation; amend regulations published May 2007; anti-abuse rules for nonvested deferred compensation published May 2008 withdrawn and replaced.
REG-126452-15 (IRB 2016-26) Corporate property transferred to real estate investment trust; REIT; gain recognized and taxed at corporate level.
REG-127561-15 (IRB 2016-21) Voluntary certification program for professional employer organizations; PEOs; employee leasing company; requirements.
REG-114307-15 (IRB 2016-21) Disregarded entity; single owner; other than corporation; self-employment tax; employment tax purposes treated as corporation; owner of disregarded entity is a partnership.
REG-127199-15 (IRB 2016-21) Domestic disregarded entity wholly owned by a foreign person as a domestic corporation separate from its owner for purposes of reporting, record maintenance and associated compliance.
REG-135734-14 (IRB 2016-20) Sec. 367; 304; 7874; withdrawal of a portion of proposed rulemaking.
REG-135734-14 (IRB 2016-18) Sec. 367; 7874; transactions structured to avoid these Code secs.; post-inversion tax avoidance transactions; domestic corporations and partnerships whose assets are acquired by foreign corporation or certain persons.
REG-133673-15 (IRB 2016-18) Sec. 305; 6045B; changes in conversion ratios in convertible instruments; deemed distributions; distributions shares of stock or rights to acquire stock; amount and timing of deemed distributions; withholding obligations; Sec. 860G; 861; 1441; 1461; 1471; 1473.
REG-108060-15 (IRB 2016-17) Sec. 385; debt vs. equity; related party debt; part stock and part debt; threshold documentation requirements for debt treatment.
REG-103380-05 (IRB 2016-16) Sec. 4051; 4052; 4071; 4072; manufacturers tax on tires; retail tax on tractors, trucks, and trailers.
REG-109822-15 (IRB 2016-14) Reporting by multi-national enterprise; country-by-country reporting; CbC; annual revenue of $850 million or more.
REG-127923-15 (IRB 2016-12) Sec. 6035; reporting of recipient's basis in property distributed by estate; estate returns filed after July 31, 2015.
REG-123867-14 (IRB 2016-12) Sec. 42; low-income housing credit; utility allowance; utility costs paid by tenant based on actual consumption; submeter.
REG-150349-12 (IRB 2016-11) Sec. 42; low-income housing; physical inspections and review of low-income certifications; compliance monitoring by State and local housing credit agency.
REG-118867-10 (IRB 2016-10) Prohibition on certain distributions to Type I and Type III supporting organizations; requirements for Type III supporting organizations.
REG-129067-15 (IRB 2016-10) Sec. 103; 141 through 150; definition of political subdivision.
REG-101701-16 (IRB 2016-9) Sec. 432; multiemployer defined benefit pension plans; suspension of benefits; employer that has withdrawn from the plan.
REG-100861-15 (IRB 2016-8) Sec. 704; partnership allocation of creditable foreign tax expenditures; safe harbor.
REG-134122-15 (IRB 2016-7) Changes to user fee for Enrolled Agent Special Enrollment Examination; $11 per part to $99 per part.
REG-147310-12 (IRB 2016-7) Sec. 414(d); normal retirement age under governmental plan; satisfaction of requirements under Sec. 401(a).
REG-125761-14 (IRB 2016-7) Sec. 401(k); qualified retirement plans; modification of nondiscrimination requirements; certain changes in coverage of defined benefit plan or defined benefit plan formula.
REG-138344-13 (IRB 2016-4) Regulations withdrawn; charitable contributions; contemporaneous written acknowledgment; contributions of $250 or more.

 

Notices

Notice 2016-49 (IRB 2016-34) Sec. 7705; Certified Professional Employer Organization; CPEO; revisions intended to be made to temporary regulations; additional time to submit application.
Notice 2016-48 (IRB 2016-33) Implementation of changes to Individual Taxpayer Identification Number; ITIN; PATH Act changes.
Notice 2016-46 (IRB 2016-31) Corporate bond monthly yield curve July 2016; Sec. 417; 430; interest rate on 30-year Treasury securities.
Notice 2016-45 (IRB 2016-29) Sec. 613A; Percentage depletion on marginal oil and gas properties for calendar year 2016; 15 percent.
Notice 2016-44 (IRB 2016-29) Enhanced oil recovery credit; inflation adjustment factor; 2016.
Notice 2016-43 (IRB 2016-29) Sec. 45; 43; 613A; reference price; enhanced oil and gas recovery credit; percentage depletion of oil and natural gas from marginal properties.
Notice 2016-42 (IRB 2016-29) Qualified intermediary agreement; updating current agreement; compliance review by QI; agreement in Rev. Proc. 2014-39 updated.
Notice 2016-41 (IRB 2016-27) List of Indian tribes; settled tribal trust cases; Notice 2015-20 superseded.
Notice 2016-40 (IRB 2016-27) Work Opportunity Tax Credit; WOTC; additional transitional relief; hiring of targeted groups on or after January 1, 2015.
Notice 2016-39 (IRB 2016-26) Sec. 72; payments received by employee; qualified defined benefit plan; phased retirement.
Notice 2016-38 (IRB 2016-26) Corporate bond monthly yield curve June 2016; Sec. 417; 430; interest rate on 30-year Treasury securities.
Notice 2016-33 (IRB 2016-25) Sec. 118; transfer of property from electricity generator to regulated public utility; safe harbor; transmission of electricity; Notices 88-129, 90-60, and 2001-82 modified and superseded.
Notice 2016-31 (IRB 2016-23) Sec. 45; 48; PATH Act; extension and modification of date by which facilities must begin construction; placed in service date for Continuity Safe Harbor.
Notice 2016-34 (IRB 2016-22) Sec. 45; inflation adjustment factors; reference prices for renewable electricity production credit; Indian coal credit.
Notice 2016-33 (IRB 2016-22) Corporate bond monthly yield curve May 2016; Sec. 417; 430; interest rate on 30-year Treasury securities.
Notice 2016-32 (IRB 2016-21) Sec. 817; money market fund; MMF; alternative diversification requirements; segmented asset account.
Notice 2016-30 (IRB 2016-18) Sec. 7502; new delivery services as Private Deliver Services; qualification for timely mailing, timely filing rule.
Notice 2016-29 (IRB 2016-18) Corporate bond monthly yield curve April 2016; Sec. 417; 430; interest rate on 30-year Treasury securities.
Notice 2016-28 (IRB 2016-15) Guidance for State or local government; amendment of nomination of an empowerment zone for new termination date of December 31, 2016.
Notice 2016-27 (IRB 2016-15) Sec. 6035; basis of property distributed from the estate of decedent; information statement; deadline for filing delayed to June 30, 2016.
Notice 2016-26 (IRB 2016-14) Suggestions requested for 2016-2017 Priority Guidance Plan.
Notice 2016-25 (IRB 2016-13) Corporate bond monthly yield curve March 2016; Sec. 417; 430; interest rate on 30-year Treasury securities.
Notice 2016-24 (IRB 2016-13) Sec. 42; 142; 146; state housing credit ceiling; private activity bond volume cap; private activity bond volume cap; resident population of 50 states.
Notice 2016-23 (IRB 2016-13) New partnership audit regime; comments requested; Bipartisan Budget Act of 2015; BBA.
Notice 2016-22 (IRB 2016-13) Work Opportunity Tax Credit; WOTC; transition relief and guidance; 28-day deadline; designated local agency; hires on or after January 1, 2015 and on or before May 31, 2016; guidance on new qualified long-term unemployment recipient targeted group.
Notice 2016-15 (IRB 2016-13) Sec. 4081; 4082; criteria for designation of a terminal located with a secure area of an airport; Secured Airport Terminal; SAT.
Notice 2016-21 (IRB 2016-12) Sec. 911; foreign earned income exclusion; foreign housing allowance; adjustments to limitation on housing expenses for 2016.
Notice 2016-20 (IRB 2016-9) Qualified Zone Academy bonds; maximum that may be issued for each state.
Notice 2016-19 (IRB 2016-9) Sec. 6035; basis of property distributed from the estate of a decedent; reporting requirement delayed to March 31, 2016.
Notice 2016-18 (IRB 2016-9) Corporate bond monthly yield curve February 2016; Sec. 417; 430; interest rate on 30-year Treasury securities.
Notice 2016-17 (IRB 2016-9) Schools and colleges; temporary transition relief; compliance with group market reform provisions of ACA; premium reduction arrangement; student health coverage.
Notice 2016-16 (IRB 2016-7) Sec. 401(k), 401(m); requirement not to discriminate in favor of highly compensated employees; safe harbor; limits on mid-year changes; additional participant notice and election opportunities for some mid-year changes.
Notice 2016-14 (IRB 2016-7) Guidance on how the definition of expatriate health plans applies for purposes of fee imposed by Affordable Care Act.
Notice 2016-13 (IRB 2016-7) Sec. 529; qualified tuition programs; filing of Form 1099-Q; not reflecting repeal of aggregation requirement applicable to distributions.
Notice 2016-12 (IRB 2016-6) Sec. 61; maximum vehicle value for use with special valuation rule; cents-per-mile rule; 2016 amount.
Notice 2016-11 (IRB 2016-6) Sec. 45 credit; credit for Indian Coal Production; Inflation Adjustment Factor for 2015.
Notice 2016-10 (IRB 2016-6) Sec. 853, 905; alternative methods of compliance; regulated investment company; RIC; refund of foreign tax.
Notice 2016-9 (IRB 2016-6) Social welfare organizations; intent to operate under Sec. 501(c)(4); process for requesting determination.
Notice 2016-8 (IRB 2016-6) Secs. 1441-1464; Secs. 1471-1474; plan to amend regulations thereunder; FFI; foreign financial institution.
Notice 2016-5 (IRB 2016-6) One-time claims for retroactively extended 2015 biodiesel mixture and alternative fuel excise tax credit.
Notice 2016-7 (IRB 2016-5) Corporate bond monthly yield curve January 2016; Sec. 417; 430; interest rate on 30-year Treasury securities.
Notice 2016-6 (IRB 2016-4) Transit benefits in 2015; amounts in excess of $130 per month; administrative procedure to make necessary corrections on fourth quarter Form 941.
Notice 2016-4 (IRB 2016-3) Sec. 6055; 6056; extension of due dates for certain information reporting requirements; minimum essential coverage; insurers; self-insuring employers.
Notice 2016-3 (IRB 2016-3) Guidance to be issued; Cycle A elections; expiration on determination letters issued prior to January 4, 2016; extension of deadlines defined contribution pre-approved plans.
Notice 2016-2 (IRB 2016-2) Health coverage tax credit; HCTC; Sec. 35; taxpayers enrolled in qualified health plan through Health Insurance Marketplace; Sec. 36B.
Notice 2016-1 (IRB 2016-2) Standard mileage rate automobiles; 2016; business, charitable, medical and moving; depreciation to be taken for computing basis; fixed and variable rate; FAVR.

 

Announcements

Announcement 2016-29 (IRB 2016-34) Correction to Notice 2016-44 (IRB 2016-29); administrative item.
Announcement 2016-28 (IRB 2016-34) Sec. 501(c)(3); revocation of organizations for failure to meet code requirements; contributions no longer deductible.
Announcement 2016-27 (IRB 2016-33) Jurisdictions treated as having an IGA in effect and FFIs located in those jurisdictions; IGA brought into force; FACTA.
Announcement 2016-25 (IRB 2016-31) Southern California Gas Company's natural gas leak; Aliso Canyon; amounts received pursuant to relocation plan not includible in gross income.
Announcement 2016-24 (IRB 2016-30) Rev. Proc. 2016-34 (IRB 2016-26) corrections.
Announcement 2016-23 (IRB 2016-27) Notice to potential donors; stipulated decision; declaratory judgment proceedings; Sec. 7428.
Announcement 2016-21 (IRB 2016-27) Office of Professional Responsibility; OPR; announcement of recent disciplinary actions.
Announcement 2016-22 (IRB 2016-24) Sec. 501(c)(3); revocation of organizations for failure to meet code requirements; contributions no longer deductible.
Announcement 2016-20 (IRB 2016-21) Declaratory judgment suit under Sec. 7428; revocation of status under Sec. 170; notice to potential donors.
Announcement 2016-17 (IRB 2016-20) Sec. 6050S; 6721; 6722; IRS will not impose penalties with respect to Forms 1098-T required to be furnished for calendar year 2016; aggregate amount billed vs. aggregate amount paid.
Announcement 2016-19 (IRB 2016-19) Correction to Announcement 2016-05; Disposition of Declaratory Judgment Proceedings; Sec. 7429.
Announcement 2016-18 (IRB 2016-19) Correction to Announcement 2016-04; Sec. 501(c)(3); revocation of organizations for failure to meet code requirements; contributions no longer deductible.
Announcement 2016-15 (IRB 2016-18) Proposed Regs. 1.401(a)(4)2(c) and 1.401(a)(4)3(c) issued January 29, 2016 pertaining to nondiscrimination rules for qualified retirement plans withdrawn.
Announcement 2016-15 (IRB 2016-17) Sec. 501(c)(3); revocation of organizations for failure to meet code requirements; contributions no longer deductible.
Announcement 2016-12 (IRB 2016-16) Report on advance pricing agreements; APAs; Advance Pricing and Mutual Agreement Program; APMA.
Announcement 2016-14 (IRB 2016-14) Form 3115, Application for Change in Accounting Method revised; transition period.
Announcement 2016-13 (IRB 2016-13) Sec. 501(c)(3); revocation of organizations for failure to meet code requirements; contributions no longer deductible.
Announcement 2016-11 (IRB 2016-10) Exempt organizations; notice to donors; stipulated decision; declaratory judgment under Sec. 7428.
Announcement 2016-6 (IRB 2016-10) Office of Professional Responsibility; list of disciplinary sanctions.
Announcement 2016-10 (IRB 2016-9) Sec. 501(c)(3); revocation of organizations for failure to meet code requirements; contributions no longer deductible.
Announcement 2016-9 (IRB 2016-9) Exempt organizations; notice to donors; stipulated decision; declaratory judgment under Sec. 7428.
Announcement 2016-8 (IRB 2016-9) Exempt organizations; notice to donors; stipulated decision; declaratory judgment under Sec. 7428.
Announcement 2016-7 (IRB 2016-8) Exempt organizations; notice to donors; stipulated decision; declaratory judgment under Sec. 7428.
Announcement 2016-5 (IRB 2016-8) Exempt organizations; notice to donors; stipulated decision; declaratory judgment under Sec. 7428.
Announcement 2016-4 (IRB 2016-6) Sec. 501(c)(3); revocation of organizations for failure to meet code requirements; contributions no longer deductible.
Announcement 2016-3 (IRB 2016-4) Sec. 6721, 6722 penalties not imposed on educational institutions; failure to include correction taxpayer identification number on Forms 1098-T for 2015.
Announcement 2016-2 (IRB 2016-3) Gross income; value of identity protection services provided to employees or other individuals before a data breach occurs; employer providing services; not included in income; Announcement 2015-22 extended.
Announcement 2016-1 (IRB 2016-3) Rev. Proc. 2007-21; mailing address for written request for rescission of a penalty under Sec. 6707 or 6707A.
 

       Links to Individual Bulletins

Internal Revenue Bulletin 2016-1        Internal Revenue Bulletin 2016-27
Internal Revenue Bulletin 2016-2        Internal Revenue Bulletin 2016-28
Internal Revenue Bulletin 2016-3        Internal Revenue Bulletin 2016-29
Internal Revenue Bulletin 2016-4        Internal Revenue Bulletin 2016-30
Internal Revenue Bulletin 2016-5        Internal Revenue Bulletin 2016-31
Internal Revenue Bulletin 2016-6        Internal Revenue Bulletin 2016-32
Internal Revenue Bulletin 2016-7        Internal Revenue Bulletin 2016-33
Internal Revenue Bulletin 2016-8        Internal Revenue Bulletin 2016-34
Internal Revenue Bulletin 2016-9
Internal Revenue Bulletin 2016-10
Internal Revenue Bulletin 2016-11
Internal Revenue Bulletin 2016-12
Internal Revenue Bulletin 2016-13
Internal Revenue Bulletin 2016-14
Internal Revenue Bulletin 2016-15
Internal Revenue Bulletin 2016-16
Internal Revenue Bulletin 2016-17
Internal Revenue Bulletin 2016-18
Internal Revenue Bulletin 2016-19
Internal Revenue Bulletin 2016-20
Internal Revenue Bulletin 2016-21
Internal Revenue Bulletin 2016-22
Internal Revenue Bulletin 2016-23
Internal Revenue Bulletin 2016-24
Internal Revenue Bulletin 2016-25
Internal Revenue Bulletin 2016-26

 


Copyright 2016 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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