Internal Revenue Bulletins  

January 30, 1995

Internal Revenue Bulletin No. 1995-5

There are no links to the official documents for the years 1989 through 1995. The information below can only be used as help for further research, as there is not enough information here to rely on for official guidance. For that you need to obtain a copy of the complete document.


INCOME TAX

Rev. Rul. 95-10
Section 1274A inflation-adjusted numbers for 1995. This ruling provides the dollar amounts, increased by the 1995 inflation-adjustment, for section 1274A of the Code. Rev. Rul. 94-19 supplemented and superseded.

Rev. Rul. 95-11
CPI adjustment for below-market loans - 1995. 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 published and adjusted for inflation for years 1987-1995. Rev. Rul. 94-18 supplemented and superseded.

Rev. Rul. 95-12
LIFO; price indexes; department stores. The November 1994 Bureau of Labor Statistics price indexes are accepted for use by department stores employing the retail inventory and last-in, first-out inventory methods for valuing inventories for tax years ended on, or with reference to, November 30, 1994.

T.D. 8584
Final regulations under section 263A of the Code relate to the requirement to capitalize interest with respect to the production of property.

FI-43-94
Proposed regulations under section 1258 of the Code relate to the netting rule for certain conversion transactions. A public hearing will be held on April 25, 1995.

Announcement 95-5
A list is provided of organizations that no longer qualify as organizations to which contributions are deductible under section 170 of the Code.


EMPLOYEE PLANS

Notice 95-6
Guidelines are set forth for determining for January 1995, the weighted average interest rate and the resulting permissible range of interest rates used to calculate current liability for purposes of the full funding limitation of section 412(c)(7) of the Code as amended by the Omnibus Budget Reconciliation Act of 1987 and by the Uruguay Round Agreements Act.

Announcement 95-6
A list is given of organizations now classified as private foundations.


EMPLOYMENT TAXES

T.D. 8582
Final regulations under sections 3121 through 3231 of the Code update the Railroad Retirement Tax Act Regulations.


ADMINISTRATIVE

Rev. Proc. 95-14
Mortgage revenue bonds; mortgage credit certificates; average annual mortgage originations. A list is set forth of the average annual aggregate principal amount of mortgages executed during the years 1990, 1991, and 1992 for each state, the District of Columbia; Guam, Puerto Rico, and the Virgin Islands to assist issuers of mortgage revenue bonds and mortgage credit certificates in determining whether the required portion of loans are made available in targeted areas as described in section 143(h) of the Code. Rev. Proc. 94-20 obsoleted in part.

Rev. Proc. 95-15
Update of Rev. Proc. 88-11. Fees for processing requests for background file documents under section 6110 of the Code have been revised. Rev. Proc. 88-11 superseded.

T.D. 8583
Final regulations under section 6159 of the Code regarding agreements for the payment of tax liabilities in installments.

GL-38-93
Proposed regulations under section 7514 of the Code relate to seals of office.


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