| Files of Interest to Tax Professionals |
Date |
 |
| Announcement 2000-99(PDF, 10K) |
12/18/2000 |
| This announcement reminds sponsors of master and prototype (M&P) plans and practitioners who sponsor volume submitter specimen plans that the deadline for applying for GUST opinion and advisory letters for their plans is December 31, 2000. |
| Announcement 2000-82(PDF, 5K) |
10/16/2000 |
| The IRS released new Form 8870, Information Return for Transfers Associated With Certain Personal Benefit Contracts. For taxable years beginning prior to January 1, 2000, organizations that pay premiums on "personal benefit contracts," as that term is used in section 170(f)(10) of the Code, must file Form 8870 by the later of 90 days after this announcement or the date the organization is required to file its annual return. See also Notice 2000–24, 2000–17 I.R.B. 952. |
| Announcement 2000-80(PDF, 16K) |
10/2/2000 |
| This announcement informs the public of the new toll-free number for contacting an Appeals Officer (Customer Service/Outreach). |
| Announcement 2000-78(PDF, 8K) |
10/23/2000 |
| The Service is requesting comments on the proposed regulations regarding the monthly limit for transit passes and transportation, in a commuter highway vehicle, provided by an employer to employees under section 132(f) of the Code. |
| Announcement 2000-77(PDF, 19K) |
9/5/2000 |
| This announcement provides guidance on the types of plan amendments that may be needed to obtain a favorable determination letter for volume submitter plan applications. |
| Announcement 2000-71(PDF, 14K) |
10/30/2000 |
| Qualified plans; amendments; section 411(d)(6).This announcement assists practitioners and plan sponsors in requesting determination letters with respect to certain amendments to qualified plans made as a result of regulations that were published under section 411(d)(6) of the Code on September 6, 2000. |
| Announcement 2000-60(PDF, 3K) |
7/31/2000 |
| Prototype plans, automatic enrollment features. This announcement informs employers and prototype plan sponsors of the availability of automatic enrollment features in prototype section 401(k) plans. |
| Announcement 2000-58(PDF, 22K) |
7/24/2000 |
| This document announces the terms and conditions under which the Service will settle taxpayer claims for the Targeted Jobs Tax Credit in circumstances where the taxpayer requested but never received certification because the certification program shut down after the credit expired on December 31, 1994. |
| Announcement 2000-55(PDF, 4K) |
6/19/2000 |
| Submission of tax shelter information. This announcement provides the mailing address, telephone number, fax number, and e-mail address for persons who wish to submit information to the Office of Tax Shelter Analysis. |
| Announcement 2000-49(PDF, 3K) |
5/8/2000 |
| This announcement informs the public of a delay in finalizing proposed regulations (REG-104939-99, 1999-49, I.R.B. 643) under section 6212(b) of the Code regarding a taxpayer's last known address published in the Federal Register (64 FR 63768) on November 22, 1999. The regulations were proposed to be effective May 1, 2000, but will not be effective until all necessary steps are taken to implement the regulations. |
| Announcement 2000-48(PDF, 11K) |
6/3/2000 |
| This announcement provides additional information relating to Rev. Proc. 2000-12 for financial institutions that are considering entering into a qualified intermediary agreement with the Internal Revenue Service. |
| Announcement 2000-35(PDF, 215K) |
4/17/2000 |
| This document contains the annual report to the public concerning Advance Pricing Agreements (APAs) and the APA program under section 521(b) of the Ticket to Work and Work Incentives Improvement Act of 1999. |
| Announcement 2000-23(PDF, 39K) |
5/8/2000 |
| Public comments are requested on the proposed revision of the tip rate determination agreement (TRDA) used in the food and beverage industry. Comments must be received by July 7, 2000. |
| Announcement 2000-22(PDF, 31K) |
5/8/2000 |
| Public comments are requested on the proposed revision of the tip reporting alternative commitment (TRAC) agreement used in the food and beverage industry. Comments must be received by July 7, 2000. |
| Announcement 2000-21(PDF, 33K) |
5/8/2000 |
| Public comments are requested on the proposed revision of the tip reporting alternative |
| Announcement 2000-20(PDF, 39K) |
5/8/2000 |
| Public comments are requested on the proposed tip rate determination agreement (TRDA) for use |
| Announcement 2000-19(PDF, 31K) |
5/8/2000 |
| Public comments are requested on the proposed tip reporting alternative commitment (TRAC)
agreement for use in industries other than the food and beverage industry and the cosmetology and barber industry, where employees receive both cash and charged tips. Comments must be received by July 7, 2000. |
| Announcement 2000-12(PDF, 12K) |
2/29/2000 |
| The Treasury Department and Internal Revenue Service today issued three sets of temporary and proposed regulations requiring promoters to register confidential corporate tax shelters and to maintain lists of investors and requiring corporate taxpayers to disclose large transactions that have characteristics common to tax shelters. |
| Announcement 2000-7(PDF, 10K) |
1/21/2000 |
| The Internal Revenue Service and the Treasury Department are undertaking a review of the mortality table in effect under § 412(l)(7)(C) of the Internal Revenue Code (the Code) and section 302(d)(7)(C) of the Employee Retirement Income Security Act of 1974 (ERISA). |
| Announcement 2000-4(PDF, 49K) |
12/30/1999 |
| Providing a Two Years Test of Procedures, Pursuant to IRC 7123(B)(2), that Taxpayers May Use to Request Binding Arbitration for Factual Issues that Are Already in the Appeals Administrative Process and Are Not Docketed in Any Court. |
| Announcement 2000-1(PDF, 10K) |
12/24/1999 |
| Comments on Certain Plans of State And Local Government Employers Under Section 457. |
| Notice 2000-64(PDF, 5K) |
12/18/2000 |
| This notice discusses and requests public comments with respect to section 7216 of the Code in the context of loans associated with electronic filing, such as balance due and refund anticipation loans. |
| Notice 2000-63(PDF, 6K) |
12/18/2000 |
| Guidance Priority List. Public comments are requested about items that should be included in the Guidance Priority List for 2001. All comments should be submitted by January 16, 2001. |
| Notice 2000-62(PDF, 12K) |
12/18/2000 |
| Returns relating to payments of qualified tuition and related expenses, and to payments of interest on education loans. Eligible educational institutions and certain persons who receive payments of student loan interest may continue to report the same information under section 6050S of the Code for the year 2001 as required for the years 1998, 1999, and 2000. Notices 97-73, 98-7, 98-46, 98-54, 98-59, and 99-37 modified. |
| Notice 2000-61(PDF, 9K) |
12/4/2000 |
| This notice clarifies that section 935 of the Code applies only to individuals and, therefore, does not relieve a trust from any obligation it may have to file an income tax return for the taxable year with the United States. The notice also provides that transactions entered into by taxpayers who claim that section 935 applies to trusts as part of a scheme to avoid both U.S. and Guamanian tax liability are designated as "listed transactions" for purposes of sections 6011, 6111, and 6112 of the Code. |
| Notice 2000-60(PDF, 18K) |
12/4/2000 |
| Stock compensation corporate tax shelter. This notice alerts taxpayers and their representatives that losses generated by transactions involving the purchase of a parent corporation's stock by a subsidiary, a subsequent transfer of the purchased parent stock from the subsidiary to the parent's employees, and the eventual liquidation or sale of the subsidiary are not properly allowable for federal income tax purposes. This notice also alerts taxpayers and their representatives of certain responsibilities that may arise from participation in such transactions. |
| Notice 2000-56(PDF, 16K) |
10/23/2000 |
| This notice provides guidance under section 1032 of the Code on which entity is treated as the grantor and owner of a grantor trust when a parent corporation contributes its stock to a rabbi trust for the benefit of the employees of a subsidiary. |
| Notice 2000-53(PDF, 10K) |
9/18/2000 |
| SRLY election to avoid overlap rules. The Treasury Department and the Service intend to provide an election to allow a corporation that ceased to be a member of a consolidated group as a result of a qualified stock purchase to avoid the application of the overlap rules of sections 1.1502–15(g), 1.1502–21(g), and 1.1502–22(g) of the regulations while it was in that group. |
| Notice 2000-49(PDF, 8K) |
9/11/2000 |
| This notice clarifies the availability of tabular schedules as alternative reporting formats on Schedule P (Form 1120-FSC), Transfer Price or Commission, filed by foreign sales corporations for 1999 and prior taxable years. |
| Notice 2000-48(PDF, 15K) |
9/11/2000 |
| Deductions; travel expenses; per diem rates. Taxpayers are informed that the U.S. General Services Administration (GSA) intends to issue new per diem rates for travel by federal employees effective October 1, 2000. Rules are set forth regarding the use of the new GSA rates by taxpayers to substantiate the amount of certain travel expenses under Rev. Proc. 2000–9 (2000–2 I.R.B. 280). |
| Notice 2000-44(PDF, 25K) |
9/5/2000 |
| Tax avoidance using artificially high basis. Taxpayers and their representatives are alerted that the purported losses arising from certain types of transactions are not properly allowable for federal income tax purposes. Also, the Service may impose penalties on participants in these transactions or, as applicable, on persons who participate in promoting or reporting these transactions. |
| Notice 2000-43(PDF, 25K) |
8/28/2000 |
| LMSB Comprehensive Case Resolution Program. This notice announces a pilot program under which large business taxpayers may request accelerated and combined resolution of all years they have open in Appeals, before the Tax Court, and in Examination. |
| Notice 2000-39(PDF, 21K) |
7/24/2000 |
| Individual retirement accounts; net income calculation. This notice provides a new method for calculating net income attributable to IRA contributions returned pursuant to section 408(d)(4) of the Code and to IRA contributions recharacterized pursuant to section 408A(d)(6). |
| Notice 2000-38(PDF, 33K) |
8/14/2000 |
| Cash or deferred arrangements; nonqualified deferred compensation. This notice describes the withholding and reporting requirements applicable to eligible deferred compensation plans described under section 457(b) of the Code. |
| Notice 2000-35(PDF, 5K) |
7/17/2000 |
| Letter rulings, determination letters, information letters, and technical advice issued by the Office of Chief Counsel. This notice provides that the current procedures for requesting letter rulings, determination letters, information letters, and technical advice on issues under the jurisdiction of the Office of Chief Counsel continue to apply even though offices and titles may have changed due to the reorganization of the Office of Chief Counsel. |
| Notice 2000-34(PDF, 10K) |
8/14/2000 |
| Losses: Blue Cross Blue Shield organizations. This notice informs Blue Cross Blue Shield insurance organizations that the Service will challenge deductions for losses that relate to the termination of individual customer, provider, or employee contracts or relationships associated with customer lists, provider networks, and workforce in place with respect to which the taxpayer claims an adjusted basis derived from section 1012(c)(3)(A)(ii) of the Tax Reform Act of 1986. |
| Notice 2000-33(PDF, 4K) |
7/3/2000 |
| Taxable fuel measurement. This notice provides information under section 4081 of the Code relating to the measurement of taxable fuel for the period July 1, 2000, through June 30, 2001. |
| Notice 2000-32(PDF, 15K) |
6/26/2000 |
| Rollovers; hardship distributions. This notice provides relief relating to the exception to the definition of eligible rollover distribution for hardship distributions, as provided by sections 402(c)(4)(C) and 403(b)(8)(B) of the Code. Notice 99–5 modified. |
| Notice 2000-30(PDF, 17K) |
6/19/2000 |
| Individual Retirement Arrangements (IRAs); reporting requirements. This notice provides guidance relating to the completion of Forms 1099-R and 5498 to report IRA recharacterizations and reconversions occurring after 2000. Public comments are requested. Notice 98-49 modified. |
| Notice 2000-29(PDF, 10K) |
6/3/2000 |
| Partnership options and convertible instruments. This notice invites public comment on the federal income tax treatment of the exercise of an option to acquire a partnership interest, the exchange of convertible debt for a partnership interest, and the exchange of a preferred interest in a partnership for a common interest in that partnership. |
| Notice 2000-26(PDF, 14k) |
4/24/2000 |
| Methods of accounting; installment sales. This notice provides guidance in a question and answer format on the application of section 453(a)(2) of the Code to certain installment sale transactions. The installment method does not apply to income from an installment sale if the income would be reported under an accrual method of accounting without regard to section 453. |
| Notice 2000-24(PDF, 13K) |
4/24/2000 |
| Charitable split-dollar insurance. This notice provides guidance to help charitable organizations comply with the information reporting requirements imposed by the Ticket to Work and Work Incentives Improvement Act of 1999. The requirements apply to charitable organizations that pay premiums after February 8, 1999, in connection with certain life insurance, annuity, and endowment contracts. |
| Notice 2000-22(PDF, 7K) |
4/7/2000 |
| Information returns; discharges of indebtedness; penalties. The Service will not impose penalties under sections 6721 and 6722 of the Code on certain taxpayers for failure to file information returns or furnish payee statements under section 6050P for discharges of indebtedness occurring before January 1, 2001. This notice applies only to taxpayers who were made subject to section 6050P by section 533(a) of the Ticket to Work and Work Incentives Improvement Act of 1999. |
| Notice 2000-21(PDF, 31K) |
5/8/2000 |
| This notice sets forth the requirements employers must meet and the procedures for obtaining approval of employer-designed tip reporting alternative commitment (Em-TRAC) programs for the food and beverage industry. This notice also solicits comments on the EmTRAC program. Comments must be received by July 7, 2000. |
| Notice 2000-20(PDF, 41K) |
4/3/2000 |
| Request for comments on the revision of proposed section 987 regulations. This notice discusses the application of general tax principles to certain abuses regarding foreign currency losses under section 987 of the Code and announces a prospective regulatory change to the anti-abuse rule in the proposed regulations. |
| Notice 2000-17(PDF, 4K) |
3/8/2000 |
| Due Dates for Tax Returns and Payments for Northeast Taxpayers Affected by the April 17th Patriots' Day Holiday in Massachusetts. |
| Notice 2000-16(PDF, 9K) |
3/3/2000 |
| This notice publishes a tentative determination under § 809 of the Internal Revenue Code of the "differential earnings rate" for 1999 and the rate that is used to calculate the "recomputed differential earnings amount" for 1998. (The latter rate is referred to in this notice as the "recomputed differential earnings rate" for 1998.) |
| Notice 2000-15(PDF, 8K) |
2/29/2000 |
| Transactions that are the same as or substantially similar to transactions described in the list below have been determined by the Internal Revenue Service to be tax avoidance transactions and are identified as "listed transactions" for purposes of § 1.6011-4T(b)(2) of the Temporary Income Tax Regulations and § 301.6111-2T(b)(2) of the Temporary Procedure and Administration Regulations. |
| Notice 2000-14(PDF, 10K) |
2/25/2000 |
| The Internal Revenue Service and the Treasury Department are undertaking a review of issues posed by "new comparability" plans and invite public comments. The Service and Treasury believe it is appropriate at this time to review the effect of these rapidly evolving plan designs with the benefit of comments from plan sponsors, plan participants, and other interested parties. |
| Notice 2000-12(PDF, 37K) |
2/12/2000 |
| This Notice announces a pilot program for Pre-Filing Agreements (PFAs), under which large business taxpayers may request examination and resolution of specific issues relating to tax returns they expect to file between September and December, 2000. The purpose of the program is to enable both taxpayers and the Internal Revenue Service (IRS) to resolve before filing the treatment of issues otherwise likely to be disputed in post-filing audits. |
| Notice 2000-11(PDF, 52K) |
1/21/2000 |
| This notice contains a "Safe Harbor Explanation" that plan administrators may provide to recipients of eligible rollover distributions from qualified plans in order to satisfy § 402(f) of the Internal Revenue Code. It is an updated version of the Safe Harbor Explanation that was published in Notice 92-48, 1992-2 C.B. 377. |
| Notice 2000-10(PDF, 8K) |
1/18/2000 |
| The Department of Treasury and Internal Revenue Service request public comment about items that should be included in the Guidance Priority List for 2000. IRS and Treasury's Office of Tax Policy use the Guidance Priority List (GPL) each year to identify and prioritize the tax issues that should be addressed through regulations, rulings, and other published administrative guidance. |
| Notice 2000-9(PDF, 13K) |
1/18/2000 |
| This notice reminds issuers of variable annuity contracts that the special rules of § 817(h)(3) of the Internal Revenue Code and § 1.817-5(h)(3) of the Income Tax Regulations do not apply in determining whether the investments of a segregated asset account with respect to those contracts are adequately diversified for purposes of § 817(h). |
| Notice 2000-7(PDF, 10K) |
1/6/2000 |
| The purpose of this Notice is to provide guidance regarding the effect of the repeal of certain Canadian banking legislation on elections under section 1504(d) of the Internal Revenue Code. |
| Notice 2000-6(PDF, 13K) |
1/6/2000 |
| This notice provides that, pending the issuance of new regulations by the Internal Revenue Service (Service) and the Treasury Department, a barter exchange is not required under § 6045 of the Internal Revenue Code to report exchanges involving property or services with a fair market value of less than $1.00. |
| Notice 2000-5(PDF, 7K) |
1/4/2000 |
| This notice informs taxpayers of penalty relief available for certain corporate taxpayers whose December 15, 1999, estimated tax installment is affected by § 571 of the Tax Relief Extension Act of 1999, P.L. 106-170 ("the Act"). The notice provides specific procedures for these taxpayers to follow in order to qualify for the penalty relief. |
| Notice 2000-4(PDF, 10K) |
1/6/2000 |
| This notice provides guidance about the depreciation of property subject to § 168 of the Internal Revenue Code (MACRS property) that is acquired in a like-kind exchange under § 1031 or as a result of an involuntary conversion under § 1033. The Internal Revenue Service and the Department of Treasury intend to issue regulations under § 168 that will address these transactions. |
| Notice 2000-1(PDF, 7K) |
1/7/2000 |
| This document contains information regarding a Notice of Proposed Rulemaking relating to the solely for voting stock requirement in reorganizations under § 368(a)(1)(C) of the Internal Revenue Code, which was published in the Federal Register on June 14, 1999 (64 Fed. Reg. 31770 (1999)) (the "proposed regulations"). |
| Revenue Procedure 2000-50(PDF, 18K) |
12/26/2000 |
| Tax treatment of computer software expenditures. This procedure updates the guidelines contained in Rev. Proc. 69-21, relating to costs incurred to develop, purchase, lease, or license computer software, to be consistent with sections 167(f)(1) and 197 of the Code and the regulations thereunder. It also provides safe harbors and procedures for taxpayers to obtain consent to change to a method under this revenue procedure. Rev. Proc. 69-21 superseded. Rev. Procs. 97-50 and 99-49 modified. |
| Revenue Procedure 2000-48(PDF, 66K) |
12/4/2000 |
| Optional standard mileage rates. This procedure announces 34.5 cents as the optional rate for deducting or accounting for expenses for business use of an automobile, 14 cents for use of an automobile as a charitable contribution, and 12 cents for use of an automobile as a medical or moving expense for 2001. It provides rules for substantiating the deductible expenses of using an automobile for business, moving, medical, or charitable purposes. Rev. Proc. 99-38 superseded. |
| Revenue Procedure 2000-47(PDF, 12K) |
11/13/2000 |
| This notice provides tables that show the amount of an individual's income that is exempt from a notice of levy used to collect delinquent tax in 2001. |
| Revenue Procedure 2000-46(PDF, 8K) |
10/30/2000 |
| This procedure provides that the Service will not rule on the question of whether an undivided fractional interest in real property is an interest in a partnership. Rev. Proc. 2000-3 amplified. |
| Revenue Procedure 2000-45(PDF, 29K) |
10/23/2000 |
| Insurance companies; discounted estimated salvage recoverable. The salvage discount factors are set forth for the 2000 accident year. These factors will be used for computing estimated salvage recoverable under section 832 of the Code. |
| Revenue Procedure 2000-44(PDF, 60K) |
10/23/2000 |
| Insurance companies; loss reserves; discounting unpaid losses. The loss payment patterns and discount factors are set forth for the 2000 accident year. These factors will be used for computing discounted unpaid losses under section 846 of the Code. |
| Revenue Procedure 2000-43(PDF, 55K) |
10/23/2000 |
| Ex parte communication prohibition. Guidance is provided to taxpayers and IRS employees about ex parte communications during the appeals process. |
| Revenue Procedure 2000-42(PDF, 37K) |
10/23/2000 |
| This procedure informs taxpayers of the information they must submit to request a closing agreement under section 1.1503-2(g)(2)(iv)(B) of the regulations to prevent the recapture of dual consolidated losses (DCLs) upon the occurrence of certain triggering events. |
| Revenue Procedure 2000-41(PDF, 37K) |
10/16/2000 |
| Qualified defined benefit plan; change in funding method. This procedure sets forth an updated procedure that a plan administrator or plan sponsor may use to obtain approval to change the funding method of its qualified defined benefit plan. Rev. Proc. 78-37 superseded. Rev. Proc. 2000-4 modified. |
| Revenue Procedure 2000-40(PDF, 103K) |
10/16/2000 |
| Minimum funding standards; automatic change in funding method. This procedure provides approval to change the funding method used to determine the minimum funding standard for defined benefit plans for plan years beginning on or after January 1, 2000, to any one of the specific methods contained therein. Rev. Proc. 95-51 superseded. |
| Revenue Procedure 2000-39(PDF, 43K) |
10/10/2000 |
| Per diem allowances. This procedure provides optional rules for deeming substantiated the amount of certain reimbursed traveling expenses of an employee as well as for determining the amount of deductible meals while traveling away from home. Rev. Proc. 2000-9 superseded. Notice 2000-48 superseded. |
| Revenue Procedure 2000-38(PDF, 36K) |
10/2/2000 |
| Distributor commissions. This revenue procedure provides three permissible methods of accounting for distributor commissions. It also provides instructions for a taxpayer to obtain consent from the Commissioner of Internal Revenue to change to any of the three permissible methods of accounting, including rules relating to the limitations, terms, and conditions the Commissioner deems necessary to make the change. Rev. Proc. 99-49 modified and amplified. |
| Revenue Procedure 2000-37(PDF, 12K) |
10/2/2000 |
| Like-kind exchanges; replacement property; (parking] arrangements. This procedure provides a safe harbor under which the Service will not challenge (a) the qualification of property as either (replacement property] or (relinquished property] for purposes of section 1031 of the Code or (b) the treatment of the (exchange accommodation titleholder] as the beneficial owner of such property for federal income tax purposes, if the property is held in a (qualified exchange accommodation arrangement] (QEAA). |
| Revenue Procedure 2000-35(PDF, 66K) |
8/28/2000 |
| This document provides the procedures to be followed to obtain a withholding certificate under section 1445 of the Code to reduce the tax withheld on the disposition of U.S. real property interests by foreign persons. Rev. Proc.88-23 superseded. |
| Revenue Procedure 2000-33(PDF, 7K) |
9/5/2000 |
| Acquisition of corporate debt. This procedure provides guidance on whether an acquisition of corporate debt by a beneficiary of the decedent creditor's estate or by a beneficiary of a revocable trust that became irrevocable upon the creditor's death is a direct acquisition within the meaning of section 1.108-2(b) of the regulations. |
| Revenue Procedure 2000-32(PDF, 6K) |
8/14/2000 |
| This procedure provides the domestic asset/liability percentages and domestic investment yield percentages needed by foreign companies conducting insurance business in the United States to compute their minimum effectively connected net investment income. |
| Revenue Procedure 2000-31(PDF, 21K) |
7/31/2000 |
| Form 1040 IRS e-file program. Participants in the Form 1040 IRS e-file program (which now includes the former online filing program) are informed of their obligations to the Service, taxpayers, and other participants. Rev. Proc. 98-50 and Rev. Proc. 98-51 modified and superseded. |
| Revenue Procedure 2000-30(PDF, 7K) |
7/10/2000 |
| Gross income; information reporting; de minimis premiums. For administrative convenience, the Service will not require a depositor who receives a "de minimis premium" to treat the value of the premium as includible in gross income or to reduce the basis in the account, and will not require a financial institution that provides a "de minimis premium" to treat it as interest for purposes of information reporting under section 6049. Rev. Proc. 2000-30 is effective for "de minimis premiums" provided after December 31, 1999. |
| Revenue Procedure 2000-29(PDF, 5K) |
7/10/2000 |
| Election to treat certain debt substitutions as realization events. This revenue procedure modifies Rev. Proc. 99-18, 1999-11 I.R.B. 7, by removing the sunset date of June 30, 2000. Rev. Proc. 99-18 modified. |
| Revenue Procedure 2000-26(PDF, 24K) |
6/12/2000 |
| Interest netting for interest accruing on or after October 1, 1998. This procedure provides guidance regarding the application of section 6621(d) of the Code to interest accruing on or after October 1, 1998. Section 6621(d) provides for a net interest rate of zero to the extent of overlapping tax underpayments and tax overpayments, and generally applies to interest for periods beginning after July 22, 1998 (interest accruing on or after October 1, 1998). |
| Revenue Procedure 2000-22(PDF, 23K) |
5/15/2000 |
| Methods of accounting; inventories; small taxpayers. This revenue procedure provides that the Commissioner will exercise his discretion to except a qualifying taxpayer with average annual gross receipts of $1,000,000 or less from the requirements to account for inventories and to use an accrual method of accounting for purchases and sales of merchandise. |
| Revenue Procedure 2000-21(PDF, 8K) |
5/8/2000 |
| Qualified mortgage bonds; mortgage credit certificates; national median gross income. Guidance is provided concerning the use of the national and area median gross income figures by issuers of qualified mortgage bonds and mortgage credit certificates in determining the housing cost/income ratio described in section 143(f) of the Code. Rev. Proc. 99-22 is obsolete except as provided in section 5.02 of this revenue procedure. |
| Revenue Procedure 2000-20(PDF, 203K) |
1/21/2000 |
| This revenue procedure revises and combines the Service's master and prototype (M&P) and regional prototype plan programs into a unified program for the pre-approval of.2 pension, profit- sharing, and annuity plans. |
| Revenue Procedure 2000-17(PDF, 6K) |
2/25/2000 |
| Purpose This revenue procedure provides for a waiver of the 100 percent tax imposed under § 4971(b) of the Internal Revenue Code (the "Code") on an employer who maintains a pension plan for which there is an accumulated funding deficiency under § 412. The waiver is applicable to certain terminated single-employer defined benefit plans if specific conditions are satisfied. |
| Revenue Procedure 2000-16(PDF, 157K) |
1/21/2000 |
| Modification and Consolidation of Various Employee Plans Administrative Programs |
| Revenue Procedure 2000-15(PDF, 24K) |
1/19/2000 |
| This revenue procedure provides guidance for taxpayers seeking equitable relief from federal tax liability under § 6015(f) or 66(c) of the Internal Revenue Code (a "requesting spouse"). Section 4.01 of this revenue procedure provides the threshold conditions that must be satisfied for any request for equitable relief to be considered. |
| Revenue Procedure 2000-14(PDF, 10K) |
5/1/2000 |
| Section 911(d)(4) waiver. Guidance is provided to individuals who fail to meet the eligibility requirements of section 911(d)(1) of the Code because adverse conditions in a foreign country preclude the individual from meeting those requirements. A current list of countries with the dates those countries are subject to the section 911(d)(4) waiver is provided. Rev. Proc. 99-20 supplemented. |
| Revenue Procedure 2000-13(PDF, 28K) |
1/19/2000 |
| This revenue procedure modifies Revenue Procedure 80-18, 1980-1 C.B. 623, by setting forth new rules and procedures for applying Articles 10(2)(a) and 23(1)(b) and (c) of the United States-United Kingdom Income Tax Convention, signed on December 31, 1975, as amended by an Exchange of Notes, signed on April 13, 1976, and Protocols, signed on August 26, 1976, March 31, 1977, and March 15, 1979 (the "Convention"), 1980-1 C.B. 394, with respect to dividends paid by corporations resident in the United Kingdom after April 5, 1999 to U.S. shareholders. |
| Revenue Procedure 2000-12(PDF, 233K) |
1/8/2000 |
| This revenue procedure provides guidance for entering into a qualified intermediary (QI) withholding agreement with the Internal Revenue Service (IRS) under §1.1441-1(e)(5) of the income tax regulations. Section 3 of this revenue procedure 1 provides the application procedures for becoming a QI and Section 4 provides the final qualified intermediary withholding agreement ("QI withholding agreement"). |
| Revenue Procedure 2000-11(PDF, 31K) |
12/30/1999 |
| This revenue procedure provides procedures by which certain corporations may obtain automatic approval to change their annual accounting periods under § 442 of the Internal Revenue Code. This revenue procedure modifies, amplifies, and supersedes Revenue Procedure 92-13, 1992-1 C.B. 665. |
| Revenue Procedure 2000-10(PDF, 8K) |
12/30/1999 |
| This revenue procedure sets forth the maximum face amount of Qualified Zone Academy Bonds (Bond or Bonds) that may be issued for each State during 2000. For this purpose State includes the District of Columbia and the possessions of the United States. |
| Revenue Procedure 2000-9(PDF, 51K) |
12/22/1999 |
| This revenue procedure updates Revenue Procedure 98-64, 1998-52 I.R.B. 32, by providing rules under which the amount of ordinary and necessary business expenses of an employee for lodging, meal, and incidental expenses or for meal and incidental expenses incurred while traveling away from home will be deemed substantiated under § 1.274-5T of the temporary Income Tax Regulations when a payor (the employer, its agent, or a third party) provides a per diem allowance under a reimbursement or other expense allowance arrangement to pay for such expenses. |
| Revenue Ruling 2000-59(PDF, 23K) |
12/26/2000 |
| [Liable to Tax] treaty residence standard. Guidance is provided on the [liable to tax] standard for residence under U.S. income tax treaties. |
| Revenue Ruling 2000-56(PDF, 5K) |
12/26/2000 |
| CPI adjustment for below-market loans for 2001. The amount that section 7872(g) of the Code permits a taxpayer to lend to a qualified continuing care facility without incurring imputed interest is adjusted for years 1987-2001. Rev. Rul. 99-49 supplemented and superseded. |
| Revenue Ruling 2000-55(PDF, 7K) |
12/26/2000 |
| Section 1274A inflation-adjusted numbers for 2001. This ruling provides the dollar amounts, increased by the 2001 inflation adjustment, for section 1274A of the Code. Rev. Rul. 99-50 supplemented and superseded. |
| Revenue Ruling 2000-54(PDF, 7K) |
12/4/2000 |
| Federal rates; adjusted federal rates; adjusted Federal long-term rate, and the long-term exempt rate. For purposes of sections 1274, 1288, 382, and other sections of the Code, tables set forth the rates for December 2000. |
| Revenue Ruling 2000-50(PDF, 5K) |
11/6/2000 |
| Federal rates; adjusted federal rates; adjusted federal long-term rate, and the long-term exempt rate. For purposes of sections 1274, 1288, 382, and other sections of the Code, tables set forth the rates for November 2000. |
| Revenue Ruling 2000-45(PDF, 5K) |
10/10/2000 |
| Federal rates; adjusted federal rates; adjusted federal long-term rate, and the long-term exempt rate. For purposes of sections 1274, 1288, 382, and other sections of the Code, tables set forth the rates for October 2000. |
| Revenue Ruling 2000-41(PDF, 6K) |
9/5/2000 |
| Federal rates; adjusted federal rates; adjusted federal long-term rate, and the long-term exempt rate. For purposes of sections 1274, 1288, 382, and other sections of the Code, tables set forth the rates for September 2000. |
| Revenue Ruling 2000-38(PDF, 5K) |
8/7/2000 |
| Federal rates; adjusted federal rates; adjusted federal long-term rate, and the long-term exempt rate. For purposes of sections 1274, 1288, 382, and other sections of the Code, tables set forth the rates for August 2000. |
| Revenue Ruling 2000-37(PDF, 10K) |
8/7/2000 |
| Mutual life insurance companies; differential earnings rate. The differential earnings rate for 1999 and the recomputed differential earnings rate for 1998 are set forth for use by mutual life insurance companies to compute their income tax liabilities for 1999. |
| Revenue Ruling 2000-36(PDF, 18K) |
7/31/2000 |
| Qualified plan; default rollover; involuntary cash-out. This ruling provides that if plan participants are given adequate notice including their right to elect a cash distribution, a qualified plan can be amended to permit a default direct rollover under section 401(a)(31) of an involuntary cash-out without violating section 411(d)(6) of the Code. |
| Revenue Ruling 2000-35(PDF, 14K) |
7/31/2000 |
| Section 403(b) plans; elective deferrals. This ruling specifies the criteria to be met in order to automatically reduce an employee's compensation by a certain amount and have that amount contributed as an elective deferral to an employer's section 403(b) plan. |
| Revenue Ruling 2000-33(PDF, 12K) |
7/31/2000 |
| Cash or deferred arrangements; nonqualified deferred compensation. This ruling specifies the criteria to be met in order to automatically defer a certain percentage of an employee's compensation into that employee's account in an eligible deferred compensation plan sponsored by the eligible employer. |
| Revenue Ruling 2000-32(PDF, 5K) |
7/3/2000 |
| Federal rates; adjusted federal rates; adjusted federal long-term rate, and the long-term exempt rate. For purposes of sections 1274, 1288, 382, and other sections of the Code, tables set forth the rates for July 2000. |
| Revenue Ruling 2000-28(PDF, 4K) |
6/2/2000 |
| Federal rates; adjusted federal rates; adjusted federal long-term rate, and the long-term exempt rate. For purposes of sections 1274, 1288, 382, and other sections of the Code, tables set forth the rates for June 2000. |
| Revenue Ruling 2000-27(PDF, 12K) |
5/22/2000 |
| Qualified cash or deferred arrangements; separation from service. The sale of less than substantially all of the assets of a trade or business to an unrelated employer does not preclude a distribution to affected participants in a section 401(k) plan on account of separation from service. |
| Revenue Ruling 2000-23(PDF, 4K) |
5/8/2000 |
| Federal rates; adjusted federal rates; adjusted federal long-term rate, and the long-term exempt rate. For purposes of sections 1274, 1288, 382, and other sections of the Code, tables set forth the rates for May 2000. |
| Revenue Ruling 2000-20(PDF, 9K) |
4/17/2000 |
| Amortization bases; Taxpayer Relief Act of 1997. This ruling provides questions and answers relating to the establishment and maintenance of certain amortization bases under section 412 of the Code as amended by section 1521(c) of the Taxpayer Relief Act of 1997. |
| Revenue Ruling 2000-19(PDF, 5K) |
4/3/2000 |
| Federal rates; adjusted federal rates; adjusted federal long-term rate, and the long-term exempt rate. For purposes of sections 1274, 1288, 382, and other sections of the Code, tables set forth the rates for April 2000. |
| Revenue Ruling 2000-18(PDF, 10K) |
4/3/2000 |
| Recapture of gain on disposition of qualified replacement property. The transfer of qualified replacement property to a partnership in exchange for a partnership interest by a taxpayer that has elected to defer the recognition of gain under section 1042(a) of the Code is a disposition of the qualified replacement property resulting in recapture of the deferred gain under section 1042(e). |
| Revenue Ruling 2000-17(PDF, 14K) |
4/7/2000 |
| For purposes of § 807(d)(4) of the Internal Revenue Code, for taxable years beginning after December 31, 1998, this ruling supplements the schedules of prevailing state assumed interest rates set forth in Revenue Ruling 92-19, 1992-1 C.B. 227. |
| Revenue Ruling 2000-15(PDF, 17K) |
3/7/2000 |
| Under § 165(i) of the Internal Revenue Code, if a taxpayer suffers a loss attributable to a disaster occurring in an area subsequently determined by the President of the United States to warrant assistance by the Federal Government under the Disaster Relief and Emergency Assistance Act, 42 U.S.C. §§ 5121-5204c (1988 & Supp. V 1993) (the Act), the taxpayer may elect to claim a deduction for that loss on the taxpayer's federal income tax return for the taxable year immediately preceding the taxable year in which the disaster occurred. |
| Revenue Ruling 2000-12(PDF, 25K) |
2/29/2000 |
| Under the circumstances described below, if a taxpayer acquires two debt instruments that are structured so that it is expected that the value of one will increase significantly at the same time that the value of the other one decreases significantly, can the taxpayer recognize a current loss on the sale of the debt instrument that decreases in value while not recognizing the gain on the other debt instrument? |
| Revenue Ruling 2000-11(PDF, 4K) |
2/23/2000 |
| This revenue ruling provides various prescribed rates for federal income tax purposes for March 2000 (the current month.) Table 1 contains the short-term, mid-term, and long-term applicable federal rates (AFR) for the current month for purposes of section 1274(d) of the Internal Revenue Code. Table 2 contains the short-term, mid- term, and long-term adjusted applicable federal rates (adjusted AFR) for the current month for purposes of section 1288(b). |
| Revenue Ruling 2000-9(PDF, 4K) |
1/21/2000 |
| This revenue ruling provides various prescribed rates for federal income tax purposes for February 2000 (the current month.) Table 1 contains the short-term, mid-term, and long-term applicable federal rates (AFR) for the current month for purposes of section 1274(d) of the Internal Revenue Code. Table 2 contains the short-term, mid- term, and long-term adjusted applicable federal rates (adjusted AFR) for the current month for purposes of section 1288(b). |
| Revenue Ruling 2000-8(PDF, 25K) |
1/31/2000 |
| Will employer contributions to a profit-sharing plan fail to be considered elective contributions, within the meaning of § 1.401(k)-1(g)(3) of the Income Tax Regulations, made under a qualified cash or deferred arrangement, within the meaning of § 401(k) of the Internal Revenue Code, merely because they are made pursuant to an arrangement under which a fixed percentage of an employee's compensation is contributed to the plan unless the employee affirmatively elects to receive the amount in cash? |
| Revenue Ruling 2000-7(PDF, 11K) |
2/9/2000 |
| If the retirement and removal of a depreciable asset occurs in
connection with the installation or production of a replacement
asset, are the costs incurred in removing the retired asset
required to be capitalized under § 263(a) or 263A as part of the
cost of the replacement asset? |
| Revenue Ruling 2000-6(PDF, 14K) |
1/19/2000 |
| How do the information reporting requirements of §§ 6041(a) and 6051(a) of the Internal Revenue Code apply to election workers?
6051(a) of the Internal Revenue Code apply to election workers? |
| Revenue Ruling 2000-5(PDF, 12K) |
1/19/2000 |
| Whether a transaction in which (1) a target corporation "merges" under state law with and into an acquiring corporation and the target corporation does not go out of existence, or (2) a target corporation "merges" under state law with and into two or more acquiring corporations and the target corporation goes out of existence, qualifies as a reorganization under § 368(a)(1)(A) of the Internal Revenue Code? |
| Revenue Ruling 2000-4(PDF, 17K) |
1/7/2000 |
| Are costs incurred by a taxpayer to obtain, maintain, and renew ISO 9000 certification deductible as ordinary and necessary business expenses under § 162 of the Internal Revenue Code, or must they be capitalized under §§ 263 or 263A? |
| Revenue Ruling 2000-2(PDF, 13K) |
1/6/2000 |
| May an executor elect under § 2056(b)(7) of the Internal Revenue Code to treat an individual retirement account (IRA) and a trust as qualified terminable interest property (QTIP) if the trustee of the trust is the named beneficiary of decedent's IRA and the surviving spouse can compel the trustee to withdraw from the IRA an amount equal to all the income earned on the IRA assets at least annually and to distribute that amount to the spouse? |
| Revenue Ruling 2000-1(PDF, 6K) |
1/7/2000 |
| This revenue ruling provides various prescribed rates for federal income tax purposes for January 2000 (the current month.) Table 1 contains the short-term, mid-term, and long-term applicable federal rates (AFR) for the current month for purposes of section 1274(d) of the Internal Revenue Code. |
