| Revenue Rulings |
Bulletin |
Date of IRB |
 |
| Rev. Rul. 2000-59(PDF, 19K) |
IRB #2000-52(HTML) |
Dec. 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. |
| Rev. Rul. 2000-58(PDF, 14K) |
IRB #2000-50(HTML) |
Dec. 11, 2000 |
| LIFO; price indexes; department stores. The October
2000 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, October 31, 2000. |
| Rev. Rul. 2000-57(PDF, 17K) |
IRB #2000-50(HTML) |
Dec. 11, 2000 |
| Interest rates; underpayments and overpayments. The
rate of interest determined under section 6621 of the Code for the calendar quarter beginning January 1, 2001, will be 9 percent for overpayments (8 percent in the case of a corporation), 9 percent for underpayments, and 11 percent for large corporate underpayments. The rate of interest paid on the portion of a corporate overpayment exceeding $10,000
is 6.5 percent. |
| Rev. Rul. 2000-56(PDF, 7K) |
IRB #2000-52(HTML) |
Dec. 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 Rul. 99–49 supplemented and superseded. |
| Rev. Rul. 2000-55(PDF, 9K) |
IRB #2000-52(HTML) |
Dec. 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 Rul. 99–50 supplemented and superseded. |
| Rev. Rul. 2000-54(PDF, 17K) |
IRB #2000-49(HTML) |
Dec. 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. |
| Rev. Rul. 2000-53(PDF, 10K) |
IRB #2000-47(HTML) |
Nov. 20, 2000 |
| Covered compensation tables; 2001. Covered compensation tables under section 401 of the Code for the year 2001 are provided for use in determining contributions to defined benefit plans and permitted disparity. |
| Rev. Rul. 2000-52(PDF, 14K) |
IRB #2000-48(HTML) |
Nov. 27, 2000 |
| 2000 base period T-bill rate. The "base period T-bill rate" for the period ending September 30, 2000, is published, as required by section 995(f) of the Code. |
| Rev. Rul. 2000-51(PDF, 9K) |
IRB #2000-46(HTML) |
Nov. 13, 2000 |
| LIFO; price indexes; department stores. The September 2000 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, September 30, 2000. |
| Rev. Rul. 2000-50(PDF, 30K) |
IRB #2000-45(HTML) |
Nov. 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. |
| Rev. Rul. 2000-49(PDF, 55K) |
IRB #2000-44(HTML) |
Oct. 30, 2000 |
| Reporting requirements for section 527 organizations. This ruling provides questions and answers regarding the notice and reporting requirements of section 527 of the Code. |
| Rev. Rul. 2000-48(PDF, 33K) |
IRB #2000-42(HTML) |
Oct. 16, 2000 |
| Low-income housing credit; satisfactory bond; "bond factor" amounts for the period July through September 2000. This ruling announces the monthly bond factor amounts to be used by taxpayers who dispose of qualified low-income buildings or interests therein during the period July through September 2000. |
| Rev. Rul. 2000-47(PDF, 30K) |
IRB #2000-37(HTML) |
Sept. 11, 2000 |
| LIFO; price indexes; department stores. The July 2000 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, July 31, 2000. |
| Rev. Rul. 2000-46(PDF, 34K) |
IRB #2000-41(HTML) |
Oct. 10, 2000 |
| LIFO; price indexes; department stores. The August 2000 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, August 31, 2000. |
| Rev. Rul. 2000-45(PDF, 37K) |
IRB #2000-41(HTML) |
Oct. 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. |
| Rev. Rul. 2000-44(PDF, 36K) |
IRB #2000-41(HTML) |
Oct. 10, 2000 |
| Transactions between partner and partnership. A corporation that acquires assets of another corporation in a transaction described in section 381(a) of the Code succeeds to the status of the other corporation for purposes of applying the exception for reimbursements of preformation expenditures and determining whether a liability is a qualified liability under the regulations regarding the disguised sale provisions of section 707(a)(2)(B). |
| Rev. Rul. 2000-43(PDF, 36K) |
IRB #2000-41(HTML) |
Oct. 10, 2000 |
| Charitable contributions; S corporations; section 170-(a)(2). An accrual-basis S corporation may not elect under section 170(a)(2) of the Code to treat a charitable contribution as paid in the year authorized by the S corporation's board of directors if the contribution is paid by the S corporation after the close of the tax year. |
| Rev. Rul. 2000-42(PDF, 13K) |
IRB #2000-39(HTML) |
Sept. 25, 2000 |
| Interest rates; underpayments and overpayments. The rate of interest determined under section 6621 of the Code for the calendar quarter beginning October 1, 2000, will be 9 percent for overpayments (8 percent in the case of a corporation), 9 percent for underpayments, and 11 percent for large corporate underpayments. The rate of interest paid on the portion of a corporate overpayment exceeding $10,000 is 6.5 percent. |
| Rev. Rul. 2000-41(PDF, 352K) |
IRB #2000-36(HTML) |
Sept. 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. |
| Rev. Rul. 2000-40(PDF, 22K) |
IRB #2000-35(HTML) |
Aug. 28, 2000 |
| Fringe benefits, aircraft valuation formula. For purposes of section 1.61 –21(g)(5) of the Income Tax Regulations, relating to the rule for valuing noncommercial flights on employer-provided aircraft, the Standard Industry Fare Level (SIFL) cents-per-mile rates and terminal charges in effect for the second half of 2000 are set forth. |
| Rev. Rul. 2000-39(PDF, 22K) |
IRB #2000-34(HTML) |
Aug. 21, 2000 |
| LIFO; price indexes; department stores. The June 2000 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, June 30, 2000. |
| Rev. Rul. 2000-38(PDF, 22K) |
IRB #2000-32(HTML) |
Aug. 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. |
| Rev. Rul. 2000-37(PDF, 39K) |
IRB #2000-32(HTML) |
Aug. 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. |
| Rev. Rul. 2000-36(PDF, 24K) |
IRB #2000-31(HTML) |
July 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. |
| Rev. Rul. 2000-35(PDF, 31K) |
IRB #2000-31(HTML) |
July 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. |
| Rev. Rul. 2000-34(PDF, 29K) |
IRB #2000-29(HTML) |
July 17, 2000 |
| LIFO; price indexes; department stores. The May 2000 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, May 31, 2000. |
| Rev. Rul. 2000-33(PDF, 26K) |
IRB #2000-31(HTML) |
July 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. |
| Rev. Rul. 2000-32(PDF, 15K) |
IRB #2000-27(HTML) |
July 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. |
| Rev. Rul. 2000-31(PDF, 8K) |
IRB #2000-26(HTML) |
June 26, 2000 |
| Low-income housing credit; satisfactory bond; "bond factor" amounts for the period April through June 2000. This ruling announces the monthly bond factor amounts to be used by taxpayers who dispose of qualified low-income buildings or interests therein during the period April through June 2000. |
| Rev. Rul. 2000-30(PDF, 22K) |
IRB #2000-25(HTML) |
June 19, 2000 |
| Interest rates; underpayments and overpayments. The rate of interest determined under section 6621 of the Code for the calendar quarter beginning July 1, 2000, will be 9 percent for overpayments (8 percent in the case of a corporation), 9 percent for underpayments, and 11 percent for large corporate underpayments. The rate of interest paid on the portion of a corporate overpayment exceeding $10,000 is 6.5 percent. |
| Rev. Rul. 2000-29(PDF, 15K) |
IRB #2000-24(HTML) |
June 12, 2000 |
| LIFO; price indexes; department stores. The April 2000 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, April 30, 2000. |
| Rev. Rul. 2000-28(PDF, 10K) |
IRB #2000-23(HTML) |
June 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 June 2000. |
| Rev. Rul. 2000-27(PDF, 16K) |
IRB #2000-21(HTML) |
May 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. |
| Rev. Rul. 2000-26(PDF, 10K) |
IRB #2000-22(HTML) |
May 30, 2000 |
| Special use value; farms; interest rates. The 2000 interest rates to be used in computing the special use value of farm real property for which an election is made under section 2032A of the Code are listed for estates of decedents. |
| Rev. Rul. 2000-25(PDF, 12K) |
IRB #2000-20(HTML) |
May 15, 2000 |
| LIFO; price indexes; department stores. The March 2000 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, March 31, 2000. |
| Rev. Rul. 2000-24(PDF, 16K) |
IRB #2000-19(HTML) |
May 8, 2000 |
| Medical expenses. Amounts paid by an individual for expenses of admission and transportation to a medical conference relating to the chronic disease of the individual's dependent are deductible as medical expenses under section 213 of the Code (subject to the limitations of that section), if the costs are primarily for and essential to the medical care of the dependent. The cost of meals and lodging while attending the conference are not deductible as medical expenses under Code section 213. |
| Rev. Rul. 2000-23(PDF, 19K) |
IRB #2000-19(HTML) |
May 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. |
| Rev. Rul. 2000-22(PDF, 19K) |
IRB #2000-16(HTML) |
April 17, 2000 |
| Low-income housing credit; satisfactory bond; "bond factor" amounts for the period January through March 2000. This ruling announces the monthly bond factor amounts to be used by taxpayers who dispose of qualified low-income buildings or interests therein during the period January through March 2000. |
| Rev. Rul. 2000-21(PDF, 30K) |
IRB #2000-16(HTML) |
April 17, 2000 |
| LIFO; price indexes; department stores. The February 2000 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, February 29, 2000. |
| Rev. Rul. 2000-20(PDF, 31K) |
IRB #2000-16(HTML) |
April 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. |
| Rev. Rul. 2000-19(PDF, 11K) |
IRB #2000-14(HTML) |
April 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. |
| Rev. Rul. 2000-18(PDF, 15K) |
IRB #2000-14(HTML) |
April 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). |
| Rev. Rul. 2000-17(PDF, 15K) |
IRB #2000-13(HTML) |
March 27, 2000 |
| Insurance companies; interest rate tables. Prevailing state assumed interest rates are provided for the determination of reserves under section 807 of the Code for contracts issued in 1999 and 2000. Rev. Rul. 92-19 supplemented. |
| Rev. Rul. 2000-16(PDF, 18K) |
IRB #2000-12(HTML) |
March 20, 2000 |
| Interest rates; underpayments and overpayments. The rate of interest determined under section 6621 of the Code for the calendar quarter beginning April 1, 2000, is the sum of the federal short-term rate plus 3 percentage points (2 percentage points in the case of a 6621(c) and § 301.6621-3 of the Regulations on Procedure and Administration for the definition of a large corporate under-payment 2000, will be 9 percent for overpayments (8 percent in the case of a corporation), 9 percent for underpayments, and 11 percent for large corporate underpayments. The rate of interest paid on the portion of a corporate overpayment exceeding $10,000 is 6.5 percent. |
| Rev. Rul. 2000-15(PDF, 24K) |
IRB #2000-12(HTML) |
March 20, 2000 |
| Election in respect of losses attributable to a disaster. This ruling lists the areas declared by the President to qualify as major disaster or emergency areas during 1999 under the Disaster Relief and Emergency Assistance Act. |
| Rev. Rul. 2000-14(PDF, 15K) |
IRB #2000-12(HTML) |
March 20, 2000 |
| LIFO; price indexes; department stores. The January 2000 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, January 31, 2000. |
| Rev. Rul. 2000-13(PDF, 21K) |
IRB #2000-12(HTML) |
March 20, 2000 |
| For purposes of the taxation of fringe benefits under section 61 of the Internal Revenue Code, section 1.61-21(g) of the Income Tax Regulations provides a rule for valuing noncommercial flights on employer provided aircraft. flight was taken by the appropriate aircraft |
| Rev. Rul. 2000-12(PDF, 23K) |
IRB #2000-11(HTML) |
March 15, 2000 |
| Treatment of certain debt acquisitions. This ruling addresses three situations in which 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, and holds that in each situation the taxpayer cannot recognize the claimed loss on the sale of the debt instrument that decreases in value while not recognizing the gain on the other debt instrument. |
| Rev. Rul. 2000-11(PDF, 12K) |
IRB #2000-10(HTML) |
March 6, 2000 |
| Federal rates; adjusted federal rates; adjusted federal long-term rate, and the long-term exempt rate. For purposes of section 1274, 1288, 382, and other sections of the Code, tables set forth the rates for March 2000. |
| Rev. Rul. 2000-10(PDF, 12K) |
IRB #2000-8(HTML) |
Feb. 22, 2000 |
| LIFO; price indexes; department stores. The December 1999 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, December 31, 1999. |
| Rev. Rul. 2000-9(PDF, 23K) |
IRB #2000-6(HTML) |
Feb. 7, 2000 |
| Federal rates; adjusted federal rates; adjusted federal long-term rate, and the long-term exempt rate. For purposes of section 1274, 1288, 382, and other sections of the Code, tables set forth the rates for February 2000. |
| Rev. Rul. 2000-8(PDF, 24K) |
IRB #2000-7(HTML) |
Feb. 14, 2000 |
| Cash or deferred arrangements; 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 401(k) plan. Rev. Rul. 98-30 amplified and superseded. |
| Rev. Rul. 2000-7(PDF, 15K) |
IRB #2000-9(HTML) |
Feb. 28, 2000 |
| Removal costs, capital expenditures. This ruling holds that if the retirement and removal of a depreciable asset occurs in connection with the installation or production of a replacement asset, the costs incurred in removing the retired asset are not required to be capitalized under section 263 or 263A of the Code as part of the cost of the replacement asset. Rev. Proc. 99-49 modified and amplified. |
| Rev. Rul. 2000-6(PDF, 19K) |
IRB #2000-6(HTML) |
Feb. 7, 2000 |
| Information reporting requirements applicable to election workers. The requirements for information reporting applicable to election workers whose compensation is not subject to FICA tax are found under section 6041(a) of the Code. As a result, reporting is generally not required for election workers earning less than $600 annually. Rev. Rul. 88-36 modified. |
| Rev. Rul. 2000-5(PDF, 23K) |
IRB #2000-5(HTML) |
Jan. 31, 2000 |
| Application of section 368(a)(1)(A) to divisive mergers. This ruling holds that a state law merger will not qualify as a reorganization under section 368(a)(1)(A) of the Code if the merger does not result in one corporation acquiring the assets of a target corporation and the target corporation ceasing to exist. |
| Rev. Rul. 2000-4(PDF, 29K) |
IRB #2000-4(HTML) |
Jan. 24, 2000 |
| Business expenses; capital expenditures; ISO 9000 costs. Cost incurred by a taxpayer to obtain, maintain, and renew ISO 9000 certification are deductible as ordinary and necessary business expenses under section 162 of the Code, except to the extent they result in the creation or acquisition of an asset having a useful life substantially beyond the taxable year (e.g., a quality manual). Rev. Proc. 99-49 modified and amplified. |
| Rev. Rul. 2000-3(PDF, 18K) |
IRB #2000-3(HTML) |
Jan. 18, 2000 |
| LIFO; price indexes; department stores. The November 1999 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, 1999. |
| Rev. Rul. 2000-2(PDF, 18K) |
IRB #2000-3(HTML) |
Jan. 18, 2000 |
| Qualified terminable interest property (QTIP) elections. This ruling holds that an executor may elect under section 2056(b)(7) of the Code to treat an individual retirement account and a testamentary trust as QTIP under certain conditions. Rev. Rul. 89-89 obsoleted. |
| Rev. Rul. 2000-1(PDF, 20K) |
IRB #2000-2(HTML) |
Jan. 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 January 2000. |
