Small Business Taxes & Management
IRS Pronouncements--2012

Small Business Taxes & ManagementTM--Copyright 2012, A/N Group, Inc.

Note. The list below contains a synopses of selected revenue rulings, revenue procedures, notices, announcements and regulations beginning with those issued January 1, 2012. The list is limited to those items we believe to be of interest to small to mid-sized businesses, their advisors, CPAs, enrolled agents, etc. Rulings, etc. dealing with banks, insurance companies, exotic transactions, etc. are generally excluded. For a similar listing for prior years, go to:

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


For Revenue Rulings--
For Revenue Procedures--
For Notices--

The xx must be at least two digits. Thus, Revenue Ruling 5 for 2012 would be:   For prior years, change the 12 to the appropriate year (available years vary).


New Additions - Bulletin 52

Rev. Rul. 2012-32 (IRB 2012-52) Interest rates; underpayments and overpayments; quarter beginning January 1, 2013; 3 percent on noncorporate.

T.D. 9604 (IRB 2012-52) Sec.4191; excise tx on sales of certain medical devices; taxable medical device.
T.D. 9602 (IRB 2012-52) Sec. 4375; 4376; 4377; health insurance policies and self-insured health plans subject to fees; Patient-Centered Outcomes Research Trust Fund.

REG-130074-11 (IRB 2012-52) Sec. 3101; Additional Hospital Insurance Tax on wages; Additional Medicare Tax; return reporting requirements.

Notice 2012-77 (IRB 2012-52) Sec. 4191; excise tax on medical devices; interim guidance.
Notice 2012-76 (IRB 2012-52) Cumulative List of Changes in Plan Qualification Requirements.

Announcement 2012-50 (IRB 2012-52) Proper treatment of service charges vs. tips; additional time to comply; Rev. Rul. 2012-18; Announcement 2012-25 amplified.

p> For the full text of these rulings, go to Internal Revenue Bulletin 2012-52.


Cumulative Listings - 2012

Revenue Rulings

Rev. Rul. 2012-32 (IRB 2012-52) Interest rates; underpayments and overpayments; quarter beginning January 1, 2013; 3 percent on noncorporate.
Rev. Rul. 2012-33 (IRB 2012-51) Inflation adjusted numbers; 2013 inflation adjustment; qualified debt instrument; discount rate; dollar amount of instrument; Sec. 1274A; Rev. Rul. 2011-27 supplemented and superseded.
Rev. Rul. 2012-22 (IRB 2012-48) 2012 base period T-bill rate; Sec. 995(f).
Rev. Rul. 2012-27 (IRB 2012-41) Sec. 1.61-21(g); fringe benefits aircraft valuation formula; SIFL cents-per-mile rate; employer-provided aircraft; second half of 2012.
Rev. Rul. 2012-25 (IRB 2012-39) Special use value; farms; interest rates; 2012 interest rates for computing special use value of farm real estate; Sec. 2032A.
Rev. Rul. 2012-23 (IRB 2012-39) Interest rates; underpayments and overpayments; quarter beginning October 1, 2012; 3 percent on noncorporate.
Rev. Rul. 2012-25 (IRB 2012-37) Sec. 62; taxable wages vs. nontaxable reimbursements or allowances; accountable plan; four situations illustrated; business connection.
Rev. Rul. 2012-19 (IRB 2012-28) Dividends and dividend equivalents on restricted stock and restricted stock units; performance-based compensation; Sec. 162(m)(4)(C); separate satisfaction to meet Code requirements.
Rev. Rul. 2012-18 (IRB 2012-26) Tips included for both employer and employee taxes; Q&A format; FICA; Sec. 3121(q); 45B; Announcement 2012-25; Rev. Rul. 95-7 modified and superseded.
Rev. Rul. 2012-14 (IRB 2012-24) Income from discharge of indebtedness; Sec. 108; 704; COD; partnerships; treatment of discharge of indebtedness income; discharged excess nonrecourse debt; liability when measuring insolvency; Rev. Rul. 92-53 amplified.
Rev. Rul. 2012-10 (IRB 2012-14) Sec. 1.61-21(g); fringe benefits aircraft valuation formula; SIFL cents-per-mile rate; employer-provided aircraft; first half of 2012.
Rev. Rul. 2012-8 (IRB 2012-13) Interest rates; underpayments and overpayments; quarter beginning April 1, 2012; 3 percent on noncorporate.
Rev. Rul. 2012-4 (IRB 2012-08) Rollover from qualified defined contribution plan to qulaified defined benefit plan to obtain additional annuity; maintained by same employer; Sec. 411; 415.
Rev. Rul. 2012-3 (IRB 2012-08) Application of survivor annuity requirements to deferred annuity contracts under a defined contribution plan; QJSA; QPSA; qualified preretirement survivor annuity.
Rev. Rul. 2012-5 (IRB 2012-05) 2012 covered compensation tables; permitted disparity; Sec. 401; defined benefit plans.
Rev. Rul. 2012-1 (IRB 2012-02) Recurring item exception to the all events test; economic performance requirement; Sec. 461(h)(3); not material and better matching requirement; insurance and warranty contracts; Rev. Proc. 2011-14 modified and amplified.


Revenue Procedures

Rev. Proc. 2012-50 (IRB 2012-50) Modification of Rev. Proc. 2007-44; election of remedial amendment cycle; individually designed government plan; Rev. Proc. 2007-44 modified.
Rev. Proc. 2012-43 (IRB 2012-49) Sec. 6702; frivolous tax submission penalty; how to request reduce in the amount of penalty assessed; criteria IRS will apply.
Rev. Proc. 2012-42 (IRB 2012-46) Sec. 6050W; payment settlement entities; PSEs; information required; offshore accounts.
Rev. Proc. 2012-41 (IRB 2012-45) Cost-of-living adjustments for 2013; certain items adjusted for inflation.
Rev. Proc. 2012-39 (IRB 2012-41) Sec. 446; changes in accounting method involving Sec. 381(a); change in accounting business of transporting, delivering, selling electricity; change in accounting amounts paid or incurred for installation of energy efficient commercial building property; Rev. Proc. 97-27 modified; Rev. Proc. 2011-14 clarified and modified.
Rev. Proc. 2012-35 (IRB 2012-37) IRS letter forwarding program; changes; Rev. Proc. 94-22 modified and superseded.
Rev. Proc. 2012-33 (IRB 2012-34) Update of rules for using EFTPS to remit federal taxes to the IRS; Rev. Proc. 98-32 modified and superseded.
Rev. Proc. 2012-32 (IRB 2012-34) Form 8655 Reporting Agent Authorization; instructions; Rev. Proc. 2007-38 modified and superseded.
Rev. Proc. 2012-31 (IRB 2012-33) Revision of fee prescribed under Sec. 6110(k); processing requests for background file documents; Rev. Proc. 95-15, Announcements 83-196 and 85-141 superseded.
Rev. Proc. 2012-29 (IRB 2012-28) Sec. 83; sample language for making election; examples of income tax consequences of making such an election.
Rev. Proc. 2012-28 (IRB 2012-27) Publicly traded partnerships; PTP; income from discharge of indebtedness; COD income; qualifying income under Sec. 7704(d); qualifying income exception.
Rev. Proc. 2012-27 (IRB 2012-21) Notification under Sec. 42(j)(6)(B)(i); starting 3-year statutory assessment period; reduction in basis of a low-income housing tax credit buiilding; disposal of building.
Rev. Proc. 2012-26 (IRB 2012-20) Health Savings Accounts; HSAs; Sec. 223; inflation adjusted amounts for 2013.
Rev. Proc. 2012-24 (IRB 2012-20) Guidance for implementing final regulations under Section 6049; list of countries with income tax or other conventions; bilateral agreements relating to exchange of information.
Rev. Proc. 2012-23 (IRB 2012-14) Automobile owners and lessees; depreciation deduction limitations; cars; trucks and vans; passenger automobiles; lease inclusion amount.
Rev. Proc. 2012-20 (IRB 2012-14) Procedures for automatic consent to change accounting methods; depreciation and amortization; leasehold improvements; general assets accounts; MACRS property; dispositions of property; Reg. Secs. 1.167(a)-4T; 1.168(i)-1T; 1.168(i)-7T; 1.168(i)-8T; T.D. 9564; Rev. Proc. 2011-14 modified and clarified.
Rev. Proc. 2012-19 (IRB 2012-14) Procedures for automatic consent to change to accounting methods; repairs and maintenance; acquisition and production of tangible property; improvements to tangible property; Reg. Secs. 1.162-3T; 1.162-4T; 1.263(a)-1T; 1.263(a)-2T and 1.263(a)-3T; Rev. Proc. 2011-14 modified and clarified.
Rev. Proc. 2012-21 (IRB 2012-11) Sec. 911; adverse conditions in a foreign country that preclude meeting eligibility requirements; current list of countries for 2011; dates countries subject to waiver.
Rev. Proc. 2012-18 (IRB 2012-10) Ex parte communications between Appeals and other IRS functions; Rev. Proc. 2000-43 amplified, modified and superseded.
Rev. Proc. 2012-17 (IRB 2012-10) Requirements for furnishing substitute Schedule K-1, Partner's Share of Income, Deductions, Credits, etc. in electronic format.
Rev. Proc. 2012-15 (IRB 2012-7) Accuracy-related penalty; tax return preparer penalty; adequate disclosure on tax return of item or position; Sec. 6662; 6694.
Rev. Proc. 2012-11 (IRB 2012-7) Procedures for issuing determination letters and rulings; exempt status of qualified nonprofit health insurance issuers.
Rev. Proc. 2012-13 (IRB 2012-3) Maximum vehicle values for special valuation rules; Reg. Sec. 1.61-21(d), (e); cents-per-mile valuation rule; $15,900 for cars, $16,700 for trucks.
Procedures and standards for accredited continuing education providers under Circular 230.
Rev. Proc. 2012-10 (IRB 2012-2) Issuance of rulings and determination letters on private foundations; Sec. 509(a); operating foundation status; Sec. 4942; exempt operating foundation status; Sec. 4940; determination letters on foundation status of nonexempt charitable trusts; Sec. 4947; Rev. Proc. 2011-10 superseded.
Rev. Proc. 2012-9 (IRB 2012-2) Determination letters and rulings on exempt status of organizations; Sec. 501 and 502; revocation and modification; exhaustion of administrative remedies; Sec. 7428; Rev. Proc. 2011-9 superseded.
Rev. Proc. 2012-8 (IRB 2012-1) User fees for employee plans and exempt organizations; guidance for complying with the user fee program; letter rulings; determination letters; Tax Exempt and Government Entities Division; Rev. Proc. 2011-8 superseded.
Rev. Proc. 2012-7 (IRB 2012-1) Areas in which rulings will not be issued; Associated Chief Counsel (International); letter rulings; determination letters; Rev. Proc. 2011-7 superseded.
Rev. Proc. 2012-6 (IRB 2012-1) Employee plans determination letters; qualified status of plans under Sections 401(a), 403(a), 409, and 4975; Rev. Proc. 2011-6 superseded.
Rev. Proc. 2012-5 (IRB 2012-1) Technical advice; furnishing technical advice to area managers and appeals offices; Tax Exempt and Government Entities; employee plans; actuarial matters; Rev. Proc. 2011-5 superseded.
Rev. Proc. 2012-4 (IRB 2012-1) Rulings and information letters; issuance procedures; letter rulings; matters related to sections of the Code currently under the jurisdiction of the Office of the Division Commissioner, Tax Exempt and Government Entities; Rev. Proc. 2011-4 superseded.
Rev. Proc. 2012-3 (IRB 2012-1) Areas in which rulings will not be issued (domestic areas); Financial Institutions and Products; Income Tax and Accounting; Passthroughs and Special Industries; Procedure and Administration; Rev. Proc. 2011-3 superseded.
Rev. Proc. 2012-2 (IRB 2012-1) Technical advice; when and how IRS will issue technical advice memoranda to a director or Appeals Area Director; rights of a taxpayer when a field office requests a TAM regarding a tax matter; Rev. Proc. 2011-2 superseded.
Rev. Proc. 2012-1 (IRB 2012-1) Letter rulings; information letters; issued by the Associate Chief Counsel; corporate; financial institutions and products; income tax and accounting; passthroughs and special industries; procedure and administration; tax exempt and government; passthrough; Small Business/Self-Employed Division; Wage and Investment Division; Rev. Proc. 2011-1 superseded.



T.D. 9604 (IRB 2012-52) Sec.4191; excise tx on sales of certain medical devices; taxable medical device.
T.D. 9602 (IRB 2012-52) Sec. 4375; 4376; 4377; health insurance policies and self-insured health plans subject to fees; Patient-Centered Outcomes Research Trust Fund.
T.D. 9600 (IRB 2012-47) Sec. 45D; new markets tax credit; modification to facilitate and encourage investments in non-real estate businesses in low-income communities; qualified equity investments in non-real estate businesses.
T.D. 9599 (IRB 2012-40) Sec. 1273; definition of property traded on an established market; publicly traded; issue price of debt instrument.
T.D. 9598 (IRB 2012-37) Sec. 988; REG-138489-09; integrated transactions involving foreign currency denominated debt instrument and multiple associated hedging transactions.
T.D. 9597 (IRB 2012-34) Sec. 274; disallowance of deductions for expenses for business use of aircraft for entertainment of specified individuals.
T.D. 9596 (IRB 2012-30) Sec. 7701; 5000B; qualified subchapter S corporation subsidiaries; single-owner eligible entities; disregarded entities; separate entities for indoor tanning services.
T.D. 9595 (IRB 2012-30) Sec. 904; treatment of overall foreign and domestic losses; separate limitation losses.
T.D. 9594 (IRB 2012-29) Sec. 1502; election for consolidated group to avoid immediately taking into account an intercompany item after the liquidation of a target corporation; cross-chain reorganization vs. liquidation or upstream reorganization followed by a drop of assets.
T.D. 9593 (IRB 2012-28) Sec. 2010; REG-141832-11; determining the applicable credit amount; applicable exclusion amount allowed to the estate of a decedent against the gift or estate tax; rules for electing portability of a deceased spousal unused exclusion amount; surviving spouse's use of this amount.
T.D. 9592 (IRB 2012-28) Sec. 7874; REG-107889-12; determining whether a foreign corporation has significant business activities in the foreign country in which it is organized.
T.D. 9591 (IRB 2012-28) Sec. 7874; rules for determining whether a foreign corporation is a surrogate foreign corporation; indirect acquisition of a domestic corporation's properties; publicly traded partnership as surrogate foreign corporation.
T.D. 9590 (IRB 2012-24) Sec. 36B; health care; premium tax credit.
T.D. 9589 (IRB 2012-23) Sec. 956; REG-107548-11; certain obligations of U.S. persons; upfront payments made by controlled foreign corporation; U.S. property.
T.D. 9588 (IRB 2012-23) Sec. 163; allocating prepaid qualified mortgage insurance premiums; determination of qualified residence interest for each taxable year.
T.D. 9587 (IRB 2012-22) Sec. 42; taxpayers' request to housing credit agencies to obtain qualified contract for acquisition of low-income housing credit building.
T.D. 9586 (IRB 2012-22) Sec. 3402; removal of regulations for 3% withholding by government entities on payments for property or services; law repealed.
T.D. 9585 (IRB 2012-21) Sec. 1248; characterization of gain; stock in certain foreign corporations upon distributions.
T.D. 9584 (IRB 2012-20) Sec. 6049; reporting requirements for interest paid to the U.S. accounts of certain nonresident alien individuals.
T.D. 9583 (IRB 2012-18) Sec. 267; time for taking into account deferred losses on sale of exchange of property between members of a controlled group.
T.D. 9582 (IRB 2012-18) Sec. 642; Federal tax consequences of ordering provision in a trust, a will; or a provision of local law that attempts to determine the tax character of the amoutn paid to a charitable bneficiary of the trust or estate.
T.D. 9581 (IRB 2012-16) Sec. 6104; public inspection of material relating to tax-exempt organizations; public inspection of written determinations and background file documents.
T.D. 9580 (IRB 2012-16) Sec. 7623; payment of rewards and awards to informants.
T.D. 9579 (IRB 2012-16) Sec. 863; source of income received on a qualified fails charge.
T.D. 9577 (IRB 2012-15) Sec. 909; REG-132736-11; guidance where foreign income taxes have been separated from the related income; Notice 2010-92 obsoleted.
T.D. 9576 (IRB 2012-15) Sec. 901; foreign tax credit; who is considered to pay foreign income tax; Notice 2007-95 obsoleted in part.
T.D. 9575 (IRB 2012-15) Sec. 9815; disclosure of the summary benefits and coverages; uniform glossary; group health plans and health insurance coverage; PPACA.
T.D. 9564 (IRB 2012-14) Sec. 162; 263; REG-168745-03; guidance on amounts paid to acquire, produce, or improve tangible property; accounting for and dispositions of tangible property; capitalization; depreciation deductions.
T.D. 9574 (IRB 2012-12) Sec. 501; REG-135071-11; application for exemption from Federal income tax; certain entities; nonprofit health insurance issuers.
T.D. 9573 (IRB 2012-12) Sec. 104; exclusion from income; damages for personal physical injuries or physical sickness; delete tort or tort-type rights test.
T.D. 9568 (IRB 2012-12) Sec. 482; compensation for economic contributions by controlled participants; cost sharing arrangement; CSA; arm's length standard.
T.D. 9572 (IRB 2012-11) Sec. 871; REG-120282-10; specified notional principal contract; treatment of dividend equivalents.
T.D. 9571 (IRB 2012-11) Sec. 904; REG-113903-10; transition rules regarding reduction of the number of separate foreign tax credit limitation categories.
T.D. 9569 (IRB 2012-11) Sec. 482; REG-145474-11; reg. concerns that taxpayers are taking unreasonable positions with respect to determination of discount rates; income method in connection with cost sharing arrangements.
T.D. 9567 (IRB 2012-08) Sec. 6038D; REG-130302-10; individuals; attachment of statement to Form 1040; required information regarding foreign financial assets in which they have an interest; filing for domestic entities.
T.D. 9566 (IRB 2012-08) Sec. 6011; 6302; employment tax returns; Forms 941; 944; annual filing; employment tax deposits.
T.D. 9565 (IRB 2012-08) Sec. 368; REG-124627-11; continuity of interest; corporate reorganizations; date upon which continuity of interest measured.
T.D. 9563 (IRB 2012-06) Sec. 954; foreign base company income in cases in which personal property sold by a controlled foreign corporation is purchased, sold, manufactured, produced, grown or extracted by one or more branches of the controlled foreign corporations.
T.D. 9562 (IRB 2012-05) Sec. 881; multiple-party financing arrangements effected through disregarded entities; conduit financing arrangement.
T.D. 9561 (IRB 2012-05) Sec. 1275; REG-130777-11; use of coupon bond method to account for Treasury Inflation-Protected Securities; more than de minimis amount of premium; TIPS.
T.D. 9560 (IRB 2012-04) Sec. 45D; qualified low-income community business; targeted populations; new markets tax credit.
T.D. 9559 (IRB 2012-02) Amendments to user fee regulations; new user fee for individuals to take registered tax return preparer competency examination.


Proposed Regulations

REG-130074-11 (IRB 2012-52) Sec. 3101; Additional Hospital Insurance Tax on wages; Additional Medicare Tax; return reporting requirements.
REG-134974-12 (IRB 2012-47) Sec. 4942; private foundations; standards for making good faith determination foreign organiztion is a charitable organization.
REG-140668-07 (IRB 2012-43) Sec. 172; corporate equity reduction transactions; CERTs; multiple step plans for acquisition of stock and CERTs involving member of consolidated group; carryback of consolidated net operating losses to separate return years.
REG-138367-06 (IRB 2012-40) Circular 230; standards governing written advice; clarification of recent amendments.
REG-126770-06 (IRB 2012-37) Sec. 263A; use of negative amounts to allocate additional Sec. 263A costs under simplified production method generally not allowed; use of productive and preproductive cost absorption ratio.
REG-136491-09 (IRB 2012-35) Sec. 42; utility allowance; clarification that utility costs paid by a tenant based on actual consumption in submetered rent-restricted unit; treated as paid directly to utility.
REG-101812-07 (IRB 2012-34) Sec. 274; limitations on deduction for expenses for meals and entertainment; 50%; 80%; reimbursed expenses.
REG-130266-11 (IRB 2012-32) Sec. 501; charitable hospital organizations; written policy regarding financial assistance and emergency medical care.
REG-153627-08 (IRB 2012-29) Sec. 6057; 6081; reporting and notice requirements for defered vested benefits.
REG-113738-12 (IRB 2012-29) Sec. 411; anti-cutback rules; prohibition to plan amendments eliminating or reducing accrued benefits, early retirement benefits, retirement-type subsidies and optional forms of benefits under qualified retirement plans.
REG-134935-11 (IRB 2012-29) Sec. 904; recapture of overall foreign losses on certain dispositions of property; coordination of rules for determining high-taxed income.
REG-134042-07 (IRB 2012-27) Sec. 1366; S corporations; basis of indebtedness to shareholders; bona fide indebtedness; debt; loans.
REG-141075-09 (IRB 2012-25) Sec. 83; income tax consequences of property transferred in connection with the performance of services; definition of substantial risk of forfeiture; Rev. Rul. 2005-48.
REG-142561-09 (IRB 2012-25) Sec. 1502; agent for a consolidated group; change in entity to partnership or disregarded entity; agent for group where original agent no long agent.
REG-119632-11 (IRB 2012-23) Sec. 6103; disclosure of return information for health insurance afforability programs.
REG-117645-12 (IRB 2012-22) Sec. 9815; request for comments; stop loss insurance by group health plans.
REG-139991-08 (IRB 2012-21) Sec. 337; transfers of property from C corporation to a Regulated Investment Company or Real Estate Investment Trust.
REG-137589-07 (IRB 2012-21) Sec. 162; expenses paid or incurred for lodging when not traveling away from home may be deductible; local lodging; Notice 2007-47 obsoleted.
REG-141268-11 (IRB 2012-19) Sec. 312; allocation of earnings and profits in tax-free transfers from one corporation to another.
REG-136008-11 (IRB 2012-19) Sec. 4375; 4376; 4377; fees for health insurance policies; self-insured health plans subject to fees.
REG-135491-10 (IRB 2012-16) Sec. 6109; employer identification number; EIN; requirement to provide updated information to IRS.
REG-124791-11 (IRB 2012-15) Sec. 6109; eligibility of tax preparers to obtain or renew a preparer tax identification number; PTIN.
REG-115809-11 (IRB 2012-13) Sec. 401; 403(b); 408; 457; longevity annuity contracts under tax-qualified defined contribution plans, individual retirement annuities and accounts.
REG-110980-01 (IRB 2012-13) Sec. 471; minimum present value requirements; partial annuity distribution options under defined benefit pension plans; simplify treatment of certain optional forms of benefit; part annuity and part accelerated form.
REG-109369-10 (IRB 2012-09) Sec. 469; definition of interest in a limited partnership as a limited partner; material participation in an activity.
REG-102988-11 (IRB 2012-04) Sec. 6045; information reporting requirements for a broker; transfer reporting requirements under Sec. 6045A; issuer statements under Sec. 6045B for debt instruments and options.
REG-149625-10 (IRB 2012-02) Sec. 382; exceptions to the segregation rules; creation of one or more additional public groups treated as 5-percent shareholders; sales of loss corporation stock to small shareholders; redemptions of small shareholders.



Notice 2012-77 (IRB 2012-52) Sec. 4191; excise tax on medical devices; interim guidance.
Notice 2012-76 (IRB 2012-52) Cumulative List of Changes in Plan Qualification Requirements.
Notice 2012-75 (IRB 2012-51) Application of general welfare exclusion to Indian tribal government programs; safe harbor under Sec. 61.
Notice 2012-73 (IRB 2012-51) Sec. 263; final regulations; capitalization of expenditures related to tangible property; expectation to issue final regulations; regulations to apply to taxable years beginning on or after January 1, 2014.
Notice 2012-70 (IRB 2012-51) Sec. 436; defined benefit plan; extension of deadline to satisfy requirements of the Code; Notice 2011-96 modified.
Notice 2012-69 (IRB 2012-51) Leave-based donation programs to aid victims of Hurricane Sandy; election to forgo vacation, sick or personal leave in exchange for cash payments.
Notice 2012-72 (IRB 2012-50) Optional standard mileage rate; business, medical, charitable use of automobile; depreciation adjustment for standard mileage; 56.5 cents per mile; FAVR allowance; maximum standard automobile cost.
Notice 2012-71 (IRB 2012-50) Small tax-exempt organizations; reinstatement of exempt status; postponement of deadline until February 1, 2013 for organizations affected by Hurricane Sandy; transitional relief under Sec. 6033.
Notice 2012-67 (IRB 2012-50) 2013 cost-of-living adjustments; retirement plans; qualified plans; IRAs.
Notice 2012-68 (IRB 2012-48) Sec. 42; low-income housing credit; emergency housing relief; suspension of certain requirements; Hurricane Sandy.
Notice 2012-2 (IRB 2012-46) Sec. 6050W; payment settlement entities; PSEs; information required; offshore accounts.
Notice 2012-63 (IRB 2012-42) Optional special per diem rates; 2012-2013 rates; for use in substantiating amount of ordinary and necessary business expenses incurred while traveling away from home; Notice 2011-81 superseded.
Notice 2012-62 (IRB 2012-42) Extension of replacement period for livestock sold on account of drought; 4-year replacement period; Sec. 1033; list of counties that experienced drought.
Notice 2012-61 (IRB 2012-42) Pension funding stabilization for single employer defined benefit pension plans; amendments made by Moving Ahead for Progress in the 21st Century Act; MAP-21.
Notice 2012-58 (IRB 2012-41) Sec. 4980H; safe harbor method for employers to determine employee full-time status; shared employer responsibility.
Notice 2012-57 (IRB 2012-40) Extension to file Forms 2290 due on August 31, 2012; extension to September 7, 2012.
Notice 2012-55 (IRB 2012-36) 25-year average segment rates; 24-month average segment rates; funding target.
Notice 2012-52 (IRB 2012-35) Sec. 170; charitable contributions to disregarded single member limited liability company; wholly owned and controlled by U.S. charity; treated as branch or division.
Notice 2012-51 (IRB 2012-33) Reallocation of Sec. 48A credits under the qualifying advanced coal project program; Notice 2009-24 amplified.
Notice 2012-50 (IRB 2012-31) Sec. 613A; applicable percentage for determining percentage depletion on marginal properties; calendar year 2012; 15 percent.
Notice 2012-49 (IRB 2012-31) Sec. 43; inflation adjustment; phase-out for enhanced oil recovery credit; taxable years beginning 2012.
Notice 2012-39 (IRB 2012-31) Sec. 367; transfers of intangible property by domestic corporation to a foreign corporation; corporate reorganizations.
Notice 2012-46 (IRB 2012-30) Question and answer guidance on section 101 of Employee Retirement Security Act of 1974; ERISA; notice to participants and beneficiaries relating to certain limitations on benefits in pension plans under section 206 of ERISA.
Notice 2012-44 (IRB 2012-28) Qualified conservation purposes eligible for financing with qualified energy conservation bonds; Sec. 54D; measurement of energy consumption; green community program.
Notice 2012-41 (IRB 2012-26) Sec. 6651; extension of time to pay; civilian spouses of military service members who work in American Samoa, Guam, Northern Mariana Islands, Puerto Rico, or U.S. Virgin Islands and who claim residence in a state; Military Spouses Residency Relief Act.
Notice 2012-40 (IRB 2012-26) Sec. 125; limits on salaray reduction contributions to health flexible spending arrangements; effective for paln years beginning after December 31, 2012.
Notice 2012-38 (IRB 2012-24) Sec. 132; qualified transportation fringes; smartcards; debit or credit cards; electronic media; Rev. Rul. 2006-57; public comments solicited.
Notice 2012-35 (IRB 2012-21) Sec. 45; Inflation adjustment factors for renewable electricity production tax credit for 2012.
Notice 2012-34 (IRB 2012-21) IRS intention to delay proposed effective date for reporting basis of debt instruments from January 1, 2013 to January 1, 2014.
Notice 2012-31 (IRB 2012-20) Description of approaches for determining whether health coverage under an employer-sponsored plan provides minimum value for purposes of Secs. 36B and 4980H.
Notice 2012-30 (IRB 2012-18) Nonconventional source fuel credit; Sec. 45K inflation adjustment factor; Sec. 45K reference price.
Notice 2012-29 (IRB 2012-18) Guidance relating to the applicability of normal retirement age rules on governement plans; governmental plans that do not provide for in-service distributions before age 62; safe harbor rule for public safety employees; Notices 2008-98 and 2009-86 modified.
Notice 2012-26 (IRB 2012-17) Deduction for energy efficient commercial buildings; Notice 2006-52 as clarified and amplified by Notice 2008-40, modified.
Notice 2012-25 (IRB 2012-15) Guidance Priority List; request for submission of recommendations.
Notice 2012-20 (IRB 2012-13) Guidance relating to portfolio interest exception; short term debt exception; 1.6049-5(b)(10); Sec. 4701.
Notice 2012-23 (IRB 2012-11) Sec. 1603; cash reimbursement from the Department of Treasury for a portion of the cost of certain qualifying renewable energy projects.
Notice 2012-21 (IRB 2012-10) Qualifying estates; six-month extension of time for filing estate tax return (Form 706) to elect portability of an unused exclusion; request must be filed within 15 months of decedent's death.
Notice 2012-19 (IRB 2012-10) Adjusted limitations on housing expenses for tax year 2012 for purposes of Sec. 911; foreign housing allowance; Notices 2006-87, 2007-25, 2007-77, 2008-107, 2010-27, and 2011-8 superseded.
Notice 2012-17 (IRB 2012-09) Patient Protection and Affordable Care Act; frequently asked questions; automatic enrollment; employer shared responsibility; waiting periods.
Notice 2012-15 (IRB 2012-09) Sec. 367; application to transfers of stock subject to Sec. 304.
Notice 2012-13 (IRB 2012-09) Work Opportunity Tax Credit; WOTC; hiring of veterans; alternative methods of filing Form 8850 with Department of Labor/Designated Local Agencies; Announcement 2002-44 supplemented.
Notice 2012-14 (IRB 2012-08) Individuals eligible for services at Indian Health Service facility; eligible to contribute to Health Savings Account; HSA; Sec. 223.
Notice 2012-12 (IRB 2012-06) Restitution payments to victims of human trafficking; exclusion from gross income.
Notice 2012-11 (IRB 2012-05) Sec. 6045B; transitional relief; information reporting; issuers of stock; organizational actions affecting basis.
Notice 2012-9 (IRB 2012-04) Informational reporting to employees of cost of employer-sponsored group health coverage; restatement and amendment of Notice 2011-28; requirement under Sec. 6051; Notice 2011-28 superseded.
Notice 2012-8 (IRB 2012-04) Equitable relief from joint and several liability; Sec. 6051; proposed revenue procedure will update Rev. Proc. 2003-61; Rev. Proc. 2003-61 superseded.
Notice 2012-7 (IRB 2012-04) Sec. 42; low-income housing credit; requirements suspended; Iowa; emergency housing relief; flooding during period May 25,2011 to August 1, 2011.
Notice 2012-4 (IRB 2012-03) Tax-exempt organizations; eFile system not available from January 1, 2012 through February 29, 2012; options available.
Notice 2012-3 (IRB 2012-03) Tax-exempt bonds; refunding of outstanding prior issues; disaster relief programs; qualified Gulf Opportunity Zone; qualified Midwestern disaster area; qualified Hurrican Ike disaster area.
Notice 2012-1 (IRB 2012-02) Optional standard mileage rates for 2012; 55.5 cents per mile for business use; 14 cents for charitable use; 23 cents for medical or moving; reductions in basis for depreciation purposes; FAVR maximum standard automobile cost; Notice 2010-88 as modified by Announcement 2011-40 superseded.



Announcement 2012-50 (IRB 2012-52) Proper treatment of service charges vs. tips; additional time to comply; Rev. Rul. 2012-18; Announcement 2012-25 amplified.
Announcement 2012-46 (IRB 2012-51) Voluntary Classification Settlement Program; VCSP; temporary expansion; employee vs. independent contractor; employers who have not filed all required Forms 1099 for the previous three years with respect to workers to be reclassified; partial relief.
Announcement 2012-45 (IRB 2012-51) Voluntary Classification Settlement Program; VCSP; employee vs. independent contractor; partial relief from federal employment taxes; prospectively treat workers as employees.
Announcement 2012-44 (IRB 2012-49) Sec. 401; 7508A; Hurricane Sandy; hardship distributions from qualified employer plans; relief from certain verification procedures with respect to loans and hardship distributions; relief in addition to that under IR-2012-83.
Announcement 2012-42 (IRB 2012-47) Sec. 1471; 1472; 1473; 1474; modification of rules in proposed regulations; withholdable payments to foreign financial institutions; withholding on gross proceeds; REG-121647-10.
Announcement 2012-41 (IRB 2012-44) Public hearing on proposed regulations; REG-130266-11; charitable hospital organizations; financial assistance and emergency medical care policies.
Announcement 2012-35 (IRB 2012-37) Sec. 871; corrections to temporary regs. T.D. 9572; extension of definition of NPC.
Announcement 2012-34 (IRB 2012-36) Fast track settlement program for TE/GE taxpayers made permanent; Announcement 2008-105 modified and superseded.
Announcement 2012-31 (IRB 2012-34) Copy of Competent Authority Agreement; U.S.-Canada.
Announcement 2012-30 (IRB 2012-34) Copy of Competent Authority Agreement; U.S.-Belgium.
Announcement 2012-26 (IRB 2012-27) Competent Authority Agreement; Netherlands and U.S.; LFMA; limited fund for mutual account.
Announcement 2012-23 (IRB 2012-22) Withdrawal of notice of proposed rulemaking; REG-151687-10; Sec. 3402; repeal of 3% withholding requirement by government entities.
Announcement 2012-19 (IRB 2012-20) Form 990 filers for tax year 2011; reporting interest in income and expenses of partnerships from K-1 as opposed to using partnership books and records.
Announcement 2012-21 (IRB 2012-19) Competent authority between U.S. and Germany; eligibility of certain pension arrangements for benefits under U.S.-Germany income tax treaty.
Announcement 2012-17 (IRB 2012-18) Corrections to Rev. Proc. 2011-62; Rev. Proc. 2011-62 corrected.
Announcement 2012-16 (IRB 2012-18) Telephone Excise Tax refunds; IRS will continue to process refund claims; tax described in Notice 2006-50 and Notice 2007-11.
Announcement 2012-11 (IRB 2012-13) Withdrawal of notice of proposed regulation REG-208274-86; Sec. 6039E; failure to provide information; applications for passports.
Announcement 2012-12 (IRB 2012-12) Announcement 2010-19 declared obsolete; procedures to obtain ruling regarding organization's status; Sec. 509(a)(3); Rev. Proc. 2012-10.
Announcement 2012-7 (IRB 2012-06) Correction to Rev. Proc. 2012-8; typographical error in section 6.07(5).
Announcement 2012-5 (IRB 2012-05) Corrections to final regulations T.D. 9517; enrollment of actuaries.
Announcement 2012-4 (IRB 2012-04) Corrections to final regulations T.D. 9517; enrollment of actuaries.


       Links to Individual Bulletins

Internal Revenue Bulletin 2012-1        Internal Revenue Bulletin 2012-27
Internal Revenue Bulletin 2012-2        Internal Revenue Bulletin 2012-28
Internal Revenue Bulletin 2012-3        Internal Revenue Bulletin 2012-29
Internal Revenue Bulletin 2012-4        Internal Revenue Bulletin 2012-30
Internal Revenue Bulletin 2012-5        Internal Revenue Bulletin 2012-31
Internal Revenue Bulletin 2012-6        Internal Revenue Bulletin 2012-32
Internal Revenue Bulletin 2012-7        Internal Revenue Bulletin 2012-33
Internal Revenue Bulletin 2012-8        Internal Revenue Bulletin 2012-34
Internal Revenue Bulletin 2012-9        Internal Revenue Bulletin 2012-35
Internal Revenue Bulletin 2012-10      Internal Revenue Bulletin 2012-36
Internal Revenue Bulletin 2012-11      Internal Revenue Bulletin 2012-37
Internal Revenue Bulletin 2012-12      Internal Revenue Bulletin 2012-38
Internal Revenue Bulletin 2012-13      Internal Revenue Bulletin 2012-39
Internal Revenue Bulletin 2012-14      Internal Revenue Bulletin 2012-40
Internal Revenue Bulletin 2012-15      Internal Revenue Bulletin 2012-41
Internal Revenue Bulletin 2012-16      Internal Revenue Bulletin 2012-42
Internal Revenue Bulletin 2012-17      Internal Revenue Bulletin 2012-43
Internal Revenue Bulletin 2012-18      Internal Revenue Bulletin 2012-44
Internal Revenue Bulletin 2012-19      Internal Revenue Bulletin 2012-45
Internal Revenue Bulletin 2012-20      Internal Revenue Bulletin 2012-46
Internal Revenue Bulletin 2012-21      Internal Revenue Bulletin 2012-47
Internal Revenue Bulletin 2012-22      Internal Revenue Bulletin 2012-48
Internal Revenue Bulletin 2012-23      Internal Revenue Bulletin 2012-49
Internal Revenue Bulletin 2012-24      Internal Revenue Bulletin 2012-50
Internal Revenue Bulletin 2012-25      Internal Revenue Bulletin 2012-51
Internal Revenue Bulletin 2012-26      Internal Revenue Bulletin 2012-52


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