| Revenue Procedures |
Bulletin |
Date of IRB |
 |
| Rev. Proc. 99-51(PDF, 8K) |
IRB #1999-52(HTML) |
Dec. 27, 1999 |
| This procedure amplifies section 5 of Rev. Proc. 99-3, which sets forth areas of the Code under the jurisdiction of the Associate Chief Counsel (Domestic) in which the Service will not issue advance rulings or determination letters. The following issue is added to those listed in section 5: Whether a state law limited partnership electing under section 301.7701-3 to be classified as an association taxable as a corporation has more than one class of stock for purposes of section 1361(b)(1)(D). Rev. Proc. 99-3 amplified. |
| Rev. Proc. 99-50(PDF, 22K) |
IRB #1999-52(HTML) |
Dec. 27, 1999 |
| Combined information reporting. Combined information reporting by a successor business entity following a merger or acquisition is permitted in certain situations. Rev. Proc. 90-57 and Rev. Rul. 69-556 modified and superseded. |
| Rev. Proc. 99-49(PDF, 169K) |
IRB #1999-52(HTML) |
Dec. 27, 1999 |
| Methods of accounting; automatic consent. Procedures are provided under which a taxpayer may obtain automatic consent of the Commissioner to change certain methods of accounting. Rev. Proc. 98-60 modified and superseded. |
| Rev. Proc. 99-47(PDF, 52K) |
IRB #1999-49(HTML) |
Dec. 6, 1999 |
| Specifications are set forth for filing Form W-4, Employee's Withholding Allowance Certificate, magnetically or electronically. |
| Rev. Proc. 99-46(PDF, 71K) |
IRB #1999-49(HTML) |
Dec. 6, 1999 |
| Electronic filing; magnetic media. Specifications are set forth for filing Form 8027, Employer's Annual Information Return of Tip Income and Allocated Tips, magnetically or electronically. The form may be filed with the Service using 1/2 inch magnetic tape; IBM 3480/3490 or AS400 compatible tape cartridges; or 5 1/4, 3 1/2-inch diskettes. |
| Rev. Proc. 99-45(PDF, 26K) |
IRB #1999-49(HTML) |
Dec. 6, 1999 |
| Minimum funding standards; change in funding method. This procedure provides approval to change the funding method used to determine the minimum funding standard for defined benefits plans for plan years beginning on or after January 1, 1999, to any one of the specific methods contained therein. Rev. Proc. 95-51, as clarified and modified by Rev. Proc. 98-10, modified. |
| Rev. Proc. 99-44(PDF, 19K) |
IRB #1999-48(HTML) |
Nov. 29, 1999 |
| Insurance companies; annuity contracts. This procedure sets forth conditions under which the Service will treat a contract as an annuity contract described in sections 403(a), 403(b), or 408(b) of the Code, notwithstanding that contract premiums are invested at the direction of the contract holder in publicly available securities. Rev. Rul. 81-225 modified. |
| Rev. Proc. 99-43(PDF, 39K) |
IRB #1999-47(HTML) |
Nov. 22, 1999 |
| Interest netting for interest accruing before October 1, 1998. This procedure provides guidance on how to apply the net interest rate of zero in section 6621(d) of the Code to interest accruing before October 1, 1998, with respect to overlapping tax underpayments and tax overpayments. Rev. Proc. 99–19 modified and superseded. |
| Rev. Proc. 99-42(PDF, 37K) |
IRB #1999-46(HTML) |
Nov. 15, 1999 |
| Cost-of-living adjustments for 2000. The Service provides cost-of-living adjustments for the tax rate tables for individuals, estates, and trusts, the standard deduction amounts, the personal exemption, and several other items that use the adjustment method provided for the tax rate tables. The Service also provides the adjustment for eligible long-term care premiums and another item that uses the adjustment method provided for eligible long-term care premiums. |
| Rev. Proc. 99-41(PDF, 34K) |
IRB #1999-46(HTML) |
Nov. 15, 1999 |
| Adequate disclosure; substantial understatement. Guidance is given concerning when information shown on a return in accordance with the applicable forms and instructions will provide adequate disclosure to reduce an under-statement of income tax under section 6662(d) of the Code and avoid the preparer penalty under section 6694(a) of the Code. |
| Rev. Proc. 99-40(PDF, 23K) |
IRB #1999-46(HTML) |
Nov. 15, 1999 |
| Regulated investment companies. This procedure sets forth conditions under which distributions made to share-holders of a regulated investment company may vary and, nevertheless, be deductible under section 562(c) of the Code. It provides guidance on fee waivers and reimbursements and on performance fee provisions of advisory fee contracts. Rev. Proc. 96–47 amplified and superseded. |
| Rev. Proc. 99-39(PDF, 44K) |
IRB #1999-43(HTML) |
Oct. 25, 1999 |
| Information returns, electronic filing. This procedure provides the requirements for the Form 941 e-file Program, which combines the Form 941 Electronic Filing (ELF) Program with an online program to allow a taxpayer to electronically file a Form 941, Employer's Quarterly Federal Tax Return, using a personal computer, modem, and commercial tax preparation software. Rev. Proc. 97-47 amplified, clarified, modified, and superseded. Rev. Proc. 96-17 modified. |
| Rev. Proc. 99-38(PDF, 45K) |
IRB #1999-43(HTML) |
Oct. 25, 1999 |
| Optional standard mileage rates. This procedure announces 32.5 cents as the optional rate for deducting or accounting for expenses for business use of an automobile, 14 cents as the optional rate for use of an automobile as a charitable contribution, and 10 cents as the optional rate for use of an automobile as a medical or moving expense for 2000. It provides rules for substantiating the deductible expenses of using an automobile for business, moving, medical, or charitable purposes. Rev. Proc. 98-63, modified by Announcement 99-7, superseded. |
| Rev. Proc. 99-37(PDF, 27K) |
IRB #1999-42(HTML) |
Oct. 18, 1999 |
| Insurance companies; discounting estimated salvage recoverable. The salvage discount factors are set forth for the 1999 accident year. These factors will be used for computing estimated salvage recoverable under section 832 of the Code. |
| Rev. Proc. 99-36(PDF, 38K) |
IRB #1999-42(HTML) |
Oct. 18, 1999 |
| Insurance companies; loss reserves; discounting unpaid losses. The loss payment patterns and discount factors are set forth for the 1999 accident year. These factors will be used for computing discounted unpaid losses under section 846 of the Code. |
| Rev. Proc. 99-35(PDF, 20K) |
IRB #1999-41(HTML) |
Oct. 12, 1999 |
| Tax-exempt bond administrative appeal. Procedures are provided for issuers to request an administrative appeal to the Office of Appeals of a proposed adverse determination by an Employee Plans/Exempt Organizations Key District that the interest on their debt obligations (the bond issue) is not excludable from gross income under section 103 of the Code. |
| Rev. Proc. 99-34(PDF, 317K) |
IRB #1999-40(HTML) |
Oct. 4, 1999 |
| Rules and specifications for private printing of substitute forms. This procedure provides requirements for reproducing paper substitutes and for furnishing substitute recipient statements for Forms 1096, 1098, 1099, 5498, and W-2G. It will be reproduced as the October 1999 revision of Publication 1179. Rev. Proc. 98-37 superseded. |
| Rev. Proc. 99-33(PDF, 16K) |
IRB #1999-34(HTML) |
Aug. 23, 1999 |
| Low-income housing tax credit. This procedure publishes the amounts of unused housing credit carryovers allocated to qualified states under section 42(h)(3)(D) of the Code for calendar year 1999. |
| Rev. Proc. 99-32(PDF, 37K) |
IRB #1999-34(HTML) |
Aug. 23, 1999 |
| Procedures are provided for the repatriation of cash by a United States taxpayer via an interest-bearing account receivable or payable in an amount corresponding to the amount allocated under section 482 of the Code from, or to, a related person with respect to a controlled transaction. Rev. Procs. 65-17, 65-31, 70-23, 71-35, 72-22, 72-46, 72-48, 72-53, superseded. Rev. Rul. 82-80, superseded. |
| Rev. Proc. 99-31(PDF, 90K) |
IRB #1999-34(HTML) |
Aug. 23, 1999 |
| This procedure sets forth acceptable correction methods and examples under the Employee Plans Compliance Resolution System that can be used to correct common problems in complying with the rules governing qualified plans. Rev. Proc. 98-22, clarified and supplemented. |
| Rev. Proc. 99-30(PDF, 16K) |
IRB #1999-31(HTML) |
Aug. 2, 1999 |
| This document 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. |
| Rev. Proc. 99-29(PDF, 289K) |
IRB #1999-31(HTML) |
Aug. 2, 1999 |
| Magnetic media; electronic filing; 1999 form specifications. Specifications are set forth for the magnetic or electronic filing of 1999 Forms 1098, 1099, 5498, and W-2G. Rev. Proc. 98-35, superseded. |
| Rev. Proc. 99-28(PDF, 41K) |
IRB #1999-29(HTML) |
July 19, 1999 |
| Early referral of issues to Appeals. This procedure under section 7123 of the Code describes the method by which a taxpayer may request an early referral of one or more unresolved issues from the Examination or Collection Division to the Office of Appeals. A taxpayer may also request early referral of one or more unagreed issues with respect to an involuntary change in method of accounting, employment tax, employee plans, or exempt organizations. Rev. Proc. 96-9 superseded. |
| Rev. Proc. 99-27(PDF, 41K) |
IRB #1999-23(HTML) |
June 7, 1999 |
| Insurance companies; modified endowment contracts; uniform closing agreement. This revenue procedure provides procedures by which an issuer may remedy an inadvertent non-egregious failure to comply with the modified endowment contract rules under section 7702A of the Code. |
| Rev. Proc. 99-26(PDF, 41K) |
IRB #1999-24(HTML) |
June 14, 1999 |
| Secured employee benefits settlement initiative. The Service offers to settle cases in which taxpayers accelerated deductions for accrued employee benefits secured by a letter of credit, bond, or similar financial instrument. |
| Rev. Proc. 99-25(PDF, 44K) |
IRB #1999-21(HTML) |
May 24, 1999 |
| Magnetic Media/Electronic Filing Program; Form 1040NR. Participants in the Magnetic Media/Electronic Filing Program for Form 1040NR, U.S. Nonresident Alien Income Tax Return, are informed of their obligations to the Service, taxpayers, and other participants. Rev. Proc. 98-36 superseded. |
| Rev. Proc. 99-24(PDF, 337K) |
IRB #1999-21(HTML) |
May 24, 1999 |
| General rules and specifications for private printing of substitute Forms W-2 and W-3. Specifications are set forth for the private printing of paper substitutes for tax year 1999 Form W-2, Wage and Tax Statement, and Form W-3, Transmittal of Wage and Tax Statements. Rev. Proc. 98-33 superseded. |
| Rev. Proc. 99-23(PDF, 29K) |
IRB #1999-16(HTML) |
April 19, 1999 |
| Qualified plans; remedial amendment period. This procedure extends the remedial amendment period under section 401(b) of the Code for amending qualified plans within the meaning of section 401(a) or 403(a) for changes in the qualification requirements made by the Small Business Job Protection Act of 1996 and other recent legislation. In addition, this procedure extends the remedial amendment period for amending governmental and nonelecting church plans for the Tax Reform Act of 1986. Rev. Procs. 89-9, 89-13, section 13 of 93-39, 95-12, 97-41, and 98-14, modified. Notices 92-36, 96-64, 98-39, 98-52, and 99-5, modified. |
| Rev. Proc. 99-22(PDF, 25K) |
IRB #1999-15(HTML) |
April 12, 1999 |
| 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)(5) of the Code. Rev. Proc. 98-28 is obsolete except as provided in section 5.02 of this revenue procedure. |
| Rev. Proc. 99-21(PDF, 22K) |
IRB #1999-17(HTML) |
April 26, 1999 |
| Refunds and credits; period of limitations; financial disability. Taxpayers are informed about the information that is required under section 6511(h)(2)(A) of the Code in order to request suspension of the period of limitations under section 6511 for claiming a credit or refund of tax due to an individual taxpayer's financial disability. |
| Rev. Proc. 99-20(PDF, 17K) |
IRB #1999-14(HTML) |
April 5, 1999 |
| Section 911(d)(4) waiver. Guidance is provided to individuals who fail to meet the eligibility requirements of section 911(d)(1) of the Internal Revenue Code because adverse conditions in a foreign country preclude the individual from meeting those requirements. A current list of countries and the dates those countries are subject to the section 911(d)(4) waiver is provided. |
| Rev. Proc. 99-19(PDF, 31K) |
IRB #1999-13(HTML) |
March 29, 1999 |
| Interest netting for interest accruing before October 1, 1998. This procedure provides guidance on how to apply the net interest rate of zero in section 6621(d) of the Code to interest accruing before October 1, 1998, with respect to overlapping tax underpayments and tax overpayments. Public comments are requested regarding the application of section 6621 to these payments. |
| Rev. Proc. 99-18(PDF, 28K) |
IRB #1999-11(HTML) |
March 15, 1999 |
| Election to treat certain debt substitutions as realization events. This procedure provides for an election that will allow taxpayers to treat a debt substitution, in certain circumstances, as a realization event even though it does not result in a significant modification under section 1.1001-3 of the Income Tax Regulations. |
| Rev. Proc. 99-17(PDF, 36K) |
IRB #1999-7(HTML) |
Feb. 16, 1999 |
| Commodities dealers; securities or commodities traders: procedures for making elections. This procedure prescribes the time and manner for dealers in commodities and traders in securities or commodities to elect to use the mark-to-market method of accounting under section 475 of the Code. |
| Rev. Proc. 99-16(PDF, 34K) |
IRB #1999-7(HTML) |
Feb. 16, 1999 |
| Insurance companies; discounting estimated salvage recoverable. The salvage discount factors are set forth for the 1998 accident year. These factors will be used for computing estimated salvage recoverable under section 832 of the Code. |
| Rev. Proc. 99-15(PDF, 47K) |
IRB #1999-7(HTML) |
Feb. 16, 1999 |
| Insurance companies; loss reserves; discounting unpaid losses. The loss payment patterns and discount factors are set forth for the 1998 accident year. These factors will be used for computing discounted unpaid losses under section 846 of the Code. |
| Rev. Proc. 99-14(PDF, 39K) |
IRB #1999-5(HTML) |
Feb. 1, 1999 |
| Automobile owners and lessees. This procedure provides owners and lessees of passenger automobiles (including electric automobiles) with tables detailing the limitations on depreciation deductions for automobiles first placed in service during calendar year 1999 and the amounts to be included in income for automobiles first leased during calendar year 1999. In addition, this procedure provides the maximum allowable value of employer-provided automobiles first made available to employees for personal use in calendar year 1999 for which the vehicle cents-per-mile valuation rule provided under section 1.61-21(e) of the Income Tax Regulations may be applicable. |
| Rev. Proc. 99-13(PDF, 36K) |
IRB #1999-5(HTML) |
Feb. 1, 1999 |
| Tax-sheltered annuities; operational defects; closing agreements. A program whereby tax-sheltered annuities within the meaning of section 403(b) of the Code may correct certain operational defects or enter into closing agreements with the Service is set forth. Rev. Proc. 98-22 modified and amplified. |
| Rev. Proc. 99-12(PDF, 24K) |
IRB #1999-3(HTML) |
Jan. 19, 1999 |
| This procedure makes obsolete Rev. Proc. 78-10, 1978-1 C.B. 564, which sets forth procedures whereby Federal, State, and local child support enforcement agencies may obtain under section 6103(l)(6) of the Code return information from the IRS for purposes of the administration of part D of title IV of the Social Security Act. The procedures in Rev. Proc. 78-10 are incompatible with our current business practice in the Child Support Enforcement Program and do not encompass the actual disclosures made or the present statutory framework. Rev. Proc. 78-10 obsolete. |
| Rev. Proc. 99-11(PDF, 34K) |
IRB #1999-2(HTML) |
Jan. 11, 1999 |
| Low-income housing credit; alternative collateral program. This procedure announces the establishment of a collateral program allowing taxpayers to pledge certain United States Treasury securities in lieu of providing a surety bond to avoid or defer recapture of low-income housing tax credits. |
| Rev. Proc. 99-10(PDF, 36K) |
IRB #1999-2(HTML) |
Jan. 11, 1999 |
| Failure to deposit federal tax; penalties. This procedure describes how a taxpayer may designate the application of its federal tax deposits for a particular return period in order to minimize the failure-to-deposit penalty under section 6656 of the Code with respect to deposits required to be made after January 18, 1999. |
| Rev. Proc. 99-9(PDF, 121K) |
IRB #1999-2(HTML) |
Jan. 11, 1999 |
| Electronic filing; magnetic media. Specifications are set forth for the magnetic or electronic filing of 1998 Forms 8596. The forms may be filed with the Service using magnetic tape; tape cartridges; 8 mm, 4 mm, and quarter-inch cartridges; 3 1/2-inch diskettes; or electronic filing through the Information Reporting Program Bulletin Board System (IRB-BBS). Rev. Proc. 94-56 superseded. |
| Rev. Proc. 99-8(PDF, 71K) |
IRB #1999-1(HTML) |
Jan. 4, 1999 |
| User fees for employee plans and exempt organizations. Up-to-date guidance for complying with the user fee program of the Service as it pertains to requests for letter rulings, determination letters, etc., on matters under the jurisdiction of the Assistant Commissioner (Employee Plans Bulletin No. 1999-1 January 4, 1999 and Exempt Organizations) is provided. Rev. Proc, 98-8 superseded. |
| Rev. Proc. 99-7(PDF, 36K) |
IRB #1999-1(HTML) |
Jan. 4, 1999 |
| Areas in which advance rulings will not be issued; Associate Chief Counsel (International). This procedure revises the list of those provisions of the Code under the jurisdiction of the Associate Chief Counsel (international) relating to matters where the Service will not issue advance rulings or determination letters. Rev. Proc. 98-7 superseded. |
| Rev. Proc. 99-6(PDF, 139K) |
IRB #1999-1(HTML) |
Jan. 4, 1999 |
| Employee plans determination letters. Revised procedures are provided for issuing determination letters on the qualified status of employee plans under sections 401 (a), 403(a), 409, and 4975 of the Code. Rev. Proc. 98-6 superseded. |
| Rev. Proc. 99-5(PDF, 106K) |
IRB #1999-1(HTML) |
Jan. 4, 1999 |
| Technical advice. Revised procedures, including a pre-submission conference, are provided for furnishing technical advice to key district directors and chiefs, appeal offices, by the Assistant Commissioner (Employee Plans and Exempt Organizations) regarding issues in the employee plans areas (including actuarial matters) and exempt organizations areas. Rev. Proc. 98-5 superseded. |
| Rev. Proc. 99-4(PDF, 155K) |
IRB #1999-1(HTML) |
Jan. 4, 1999 |
| Rulings and determination letters; issuance procedures. Revised procedures are provided for furnishing ruling letters, information letters, etc., on matters relating to sections of the Code under the jurisdiction of the Assistant Commissioner (Employee Plans and Exempt Organizations), Rev. Proc. 98-4 superseded. |
| Rev. Proc. 99-3(PDF, 85K) |
IRB #1999-1(HTML) |
Jan. 4, 1999 |
| Areas in which advance rulings will not be issued; Associate Chief Counsel (Domestic), Associate Chief Counsel (Employee Benefits and Exempt Organizations). This procedure provides a revised list of those provisions of the Code under the jurisdiction of the Associate Chief Counsel (Domestic) and the Associate Chief Counsel (Employee Benefits and Exempt Organizations), relating to matters where the Service will not issue advance rulings or determination letters. Rev. Procs. 97-23, 98-3, and 98-56 superseded. |
| Rev. Proc. 99-2(PDF, 108K) |
IRB #1999-1(HTML) |
Jan. 4, 1999 |
| Technical advice to the district directors and chiefs, appeals offices, from the Associate Chief Counsel (Domestic), Associate Chief Counsel (Employee Benefits and Exempt Organizations), Associate Chief Counsel (Enforcement Litigation), and Associate Chief Counsel (International). Revised procedures are provided for furnishing technical advice to the district directors and chiefs, appeals offices, in areas under the jurisdiction of the Associate Chief Counsel (Domestic), the Associate Chief Counsel (Employee Benefits and Exempt Organizations), the Associate Chief Counsel (Enforcement Litigation), and the Associate Chief Counsel (international). Taxpayers' rights when technical advice has been requested also are provided. Rev. Proc. 98-2 superseded. |
| Rev. Proc. 99-1(PDF, 222K) |
IRB #1999-1(HTML) |
Jan. 4, 1999 |
| Letter rulings, determination letters, and information letters issued by the Associate Chief Counsel (Domestic), Associate Chief Counsel (Employee Benefits and Exempt Organizations), Associate Chief Counsel (Enforcement Litigation), and Associate Chief Counsel (international). Revised procedures are provided for issuing letter rulings, determination letters, and information letters on specific issues under the jurisdiction of the Associate Chief Counsel (Domestic), the Associate Chief Counsel (Employee Benefits and Exempt Organizations), the Associate Chief Counsel (Enforcement Litigation), and the Associate Chief Counsel (International). Rev. Proc. 98-1 superseded. |
