IRS Pronouncements--2024
Small Business Taxes &
ManagementTM--Copyright
2024, A/N Group, Inc.
Note. The list below contains a synopses of revenue rulings, revenue procedures, notices, announcements and regulations beginning with those issued January 1, 2024. Please note. Revenue Rulings, Procedures, etc. are not always released in strict numerical order. For a similar listing for prior years, go to:
IRS Pronouncements--2023
IRS Pronouncements--2022
IRS Pronouncements--2021
IRS Pronouncements--2020
IRS Pronouncements--2019
IRS Pronouncements--2018
IRS Pronouncements--2017
IRS Pronouncements--2016
IRS Pronouncements--2015
IRS Pronouncements--2014
IRS Pronouncements--2013
IRS Pronouncements--2012
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". The Applicable Federal Rate and interest rates on over- and underpayments are updated on our IRS Interest Rates page.
Notes.
The list below includes pronouncements for the first 30 bulletins of 2024.
Entries for each section are in the order they appear in the bulletins.
Go to our Abbreviations page for details on any abbreviations.
If you know the number, you can access a PDF file of any recent Revenue Ruling, Revenue Procedure, or Notice at the IRS Web site directly. Simply paste the appropriate link below into your browser and enter the desired ruling, procedure, or notice number instead of the xx.
For Revenue Rulings-- www.irs.gov/pub/irs-drop/rr-24-xx.pdf
For Revenue Procedures-- www.irs.gov/pub/irs-drop/rp-24-xx.pdf
For Notices-- www.irs.gov/pub/irs-drop/n-24-xx.pdf
The xx must be at least two digits. Thus, Revenue Ruling 5 for 2024 would be: www.irs.gov/pub/irs-drop/rr-24-05.pdf For prior years, change the 24 to the appropriate year (available years vary).
New Additions - Bulletin 30
Rev. Proc. 2024-26 (IRB 2024-30) Sec. 446; automatic concent of Commissioner to change methods of accounting to the allowance charge-off method under Sec. 166; regulated financial companies; Rev. Proc. 2024-23 modified.
Rev. Proc. 2024-29 (IRB 2024-30) Private printing of red-ink substitutes for 2024 revisions of certain information returns; Rev. Proc. 2023-30 superseded.
T.D. 9999 (IRB 2023-30) Stautory disallowance of qualified conservation contribution made by partnership or S corporation after December 29, 2022; definitions, methods to calculate relevant basis; reporting requirements; SECURE 2.0 Act.
Notice 2024-58 (IRB 2024-30) Sec. 613A; applicable percentage depletion for marginal properties for calendar 2024.
For the full text of these rulings, go to Internal Revenue Bulletin 2024-30
NOTE!--When searching for references to the Coronavirus, use COVID-19 instead.
Cumulative Listings - 2024
Revenue Rulings
Rev. Rul. 2024-14 (IRB 2024-28) Sec. 7701; IRS challenging certain partnership related-party transactions; economic substance doctrine; basis disparities; transfer of partnership transaction in nonrecognition transaction or liquidating distribution; basis adjustment claim under Secs. 732, 734, 743.
Rev. Rul. 2024-13 (IRB 2024-28) Applicable federal rates; adjusted federal long-term rate; July, 2024.
Rev. Rul. 2024-12 (IRB 2024-25) Applicable federal rates; adjusted federal long-term rate; June, 2024.
Rev. Rul. 2024-11 (IRB 2024-24) Interest rates on underpayments and overpayments; quarter beginning July 1, 2024.
Rev. Rul. 2024-10 (IRB 2024-22) Sec. 508; due to material changes in laws of a number of jurisdictions; Rev. Rul. 75-38 is obsoleted; satutory provisions governing private foundations.
Rev. Rul. 2024-9 (IRB 2024-19) Applicable federal rates; adjusted federal long-term rate; May, 2024.
Rev. Rul. 2023-8 (IRB 2023-16) Sec. 61; fringe benefits; terminal charge; aircraft valuation formula; SIFL; Standard Industry Fare Level first half 2024.
Rev. Rul. 2024-7 (IRB 2024-14) Applicable federal rates; adjusted federal long-term rate; April, 2024.
Rev. Rul. 2024-4 (IRB 2024-10) Applicable federal rates; adjusted federal long-term rate; March, 2024.
Rev. Rul. 2023-6 (IRB 2024-10) Interest rates on underpayments and overpayments; quarter beginning April 1, 2024.
Rev. Rul. 2024-5 (IRB 2024-07) Housing credit ceiling; reallocation; returned amounts from qualified disaster zones in 2021 and 2022.
Rev. Rul. 2024-3 (IRB 2024-06) Applicable federal rates; adjusted federal long-term rate; February, 2024.
Rev. Rul. 2024-2 (IRB 2024-02) Applicable federal rates; adjusted federal long-term rate; January, 2024.
Rev. Rul. 2024-1 (IRB 2024-02) Sec. 401; covered compensation tables.
Revenue Procedures
Rev. Proc. 2024-26 (IRB 2024-30) Sec. 446; automatic concent of Commissioner to change methods of accounting to the allowance charge-off method under Sec. 166; regulated financial companies; Rev. Proc. 2024-23 modified.
Rev. Proc. 2024-29 (IRB 2024-30) Private printing of red-ink substitutes for 2024 revisions of certain information returns; Rev. Proc. 2023-30 superseded.
Rev. Proc. 2024-26 (IRB 2024-27) Sec. 30D; updates existing procedures for qualified manufacturers to submit information regarding new clean vehicles; Rev. Proc. 2023-33 and Rev. Proc. 2023-38 modified.
Rev. Proc. 2024-23 (IRB 2024-23) List of Automatic Procedures for taxpayer-initiated requests for changes in methods of accounting.
Rev. Proc. 2024-25 (IRB 2024-22) Sec. 223; Health Savings Accounts; HSAs; 2025 inflation adjusted amounts.
Rev. Proc. 2024-22 (IRB 2024-22) Sec. 501; due to material changes in laws of many jurisdictions Rev. Proc. 82-2 obsoleted; organization requirement assets of corgainization be dedicated to an exempt purpose.
Rev. Proc. 2024-24 (IRB 2024-21) Sec. 355; private letter rulings; updated procedures; Rev. Proc. 2017-52 modified; Rev. Proc. 2018-53 suoerseded,
Rev. Proc. 2024-21 (IRB 2024-19) Issuers of qualified mortgage bonds and mortgage credit certificates; nationwide average purchase price.
Rev. Proc. 2024-20 (IRB 2024-19) Sec. 842; foreign life and property and casualty insurance companies; domestic asset/liability percentages; domestic investment yields.
Rev. Proc. 2024-19 (IRB 2024-16) Sec. 48; solar and wind capacity limitation; low income communities bonus credit program.
Rev. Proc. 2024-18 (IRB 2024-15) Sec. 42; unused housing credit carryovers for 2023; Rev. Proc. 2023-32 supplemented.
Rev. Proc. 2024-17 (IRB 2024-15) Sec. 911; physical presence test/bona fide residence test for foreign earned income exclusion; exception to requirement for countries in civil unrest, war, etc.; list of countries.
Rev. Proc. 2024-11 (IRB 2024-13) Specifications for private printing of Form series 941; Rev. Proc. 2023-13 superseded.
Rev. Proc. 2024-15 (IRB 2024-12) Public utility; transaction to recover costs; issuance of debt instrument by qualifying State financing agency; Rev. Proc. 2005-62 modified..
Rev. Proc. 2024-14 (IRB 2024-9) Sec. 4980H; employer shared responsibility act; indexed adjustment amounts.
Rev. Proc. 2024-13 (IRB 2024-9) Sec. 167; 280F; depreciation limitations for cars and trucks; lease inclusion amounts; calendar year 2024.
Rev. Proc. 2024-12 (IRB 2024-9) Sec. 30D; 25E; electric vehicles; timing and submission of seller reports; temporary extension of time.
Rev. Proc. 2024-9 (IRB 2024-5) Sec. 174; automatic change of methods of accounting; taxable years beginning after December 31, 2021; developing computer software; Rev. Proc. 2000-50 obsoleted; Rev. Proc. 2023-24 clarified.
Rev. Proc. 2024-8 (IRB 2024-4) Sec. 143; 25; qualiied mortgage bonds; mortgage credit certificates; list of qualified census tracts; REv. Proc. 2014-14 modified and superseded.
Rev. Proc. 2024-7 (IRB 2024-1) Areas in which rulings will not be issued, Associate Chief Counsel (International).
Rev. Proc. 2024-5 (IRB 2024-1) Procedures for isuing determination letters on issues under the jurisdiction of Director, Exempt Organizations; user fees for requests.
Rev. Proc. 2024-4 (IRB 2024-1) Update of Rev.Proc. 2022-4; types of advice the IRS to taxpayers on issues under the Commissioner, Tax Exempt and Government Entities Division, Employee Plans Rulings and Agreements and procedures for letter rulings and determination letters.
Rev. Proc. 2024-3 (IRB 2024-1) Revised list of areas under Associated Chief Counsel (Corporate, Financial institutions and Products, Income Tax and Accounting, Passthroughs and Special Industries, Procedure and Administration, and Employee Benefits, Exempt Organizations and Employment Taxes) on which the Service will not issue letter rulings or determination letters; Rev. Proc. 2023-3 superseded.
Rev. Proc. 2024-2 (IRB 2024-1) Procedures for Technical advice memoranda; TAMS; taxpayer rights when field office requests TAMS; Rev. Proc. 2023-2 superseded.
Rev. Proc. 2024-1 (IRB 2024-1) Procedures for letter rulings and information letters; Associate Chief Counsel; Corporate; Financial Institutions and Products; Income Tax and Accounting; International; Passthroughs and Special Industries; Procedure and Administration; Tax Exempt and Government Entities; Rev. Proc. 2023-1 superseded.
Regulations
T.D. 9999 (IRB 2023-30) Stautory disallowance of qualified conservation contribution made by partnership or S corporation after December 29, 2022; definitions, methods to calculate relevant basis; reporting requirements; SECURE 2.0 Act.
Proposed Regulations
REG 124593-23 (IRB 2024-28) Sec. 267; 707; 732; 743; transactions of interest; related parties in a partnership.
Notices
Notice 2024-58 (IRB 2024-30) Sec. 613A; applicable percentage depletion for marginal properties for calendar 2024.
Announcements
Announcement 2024-29 (IRB 2024-29) Sec. 501; organizations no longer qualifying as 501(c)(3) for failure to meet code section requirements; contributions by individual donors no longer deductible.
Announcement 2024-28 (IRB 2024-28) Sec. 501; organizations no longer qualifying as 501(c)(3) for failure to meet code section requirements; contributions by individual donors no longer deductible.
Announcement 2024-27 (IRB 2024-27) Daystar Public Radio Inc.; revocation of Sec. 501(c)(3) status; effective January 1, 2018.
Announcement 2024-25 (IRB 2024-25) Sec. 48; Total unallocated environmental justice solar and wind capacity limitation; Low-Income Communities Bonus Credit Program; carried-over Capacity Limitation.
Announcement 2024-24 (IRB 2024-24) Sec. 179D; reverence standards required; energy efficient commercial building property; EECBP.
Announcement 2024-23 (IRB 2024-24) Sec. 501; Functional Health Inc. qualification as Sec. 501(c)(3) organization revoked effective January 31, 2018: deductibility of contributions; maximum deduction protected.
Announcement 2024-22 (IRB 2024-24) Sec. 501; organizations no longer qualifying as 501(c)(3) for failure to meet code section requirements; contributions by individual donors no longer deductible.
Announcement 2024-21 (IRB 2024-21) Sec. 501; organizations no longer qualifying as 501(c)(3) for failure to meet code section requirements; contributions by individual donors no longer deductible.
Announcement 2024-18 (IRB 2024-21) Office of Professional Responsibility; OPR; disciplinary sanctions.
Announcement 2024-20 (IRB 2024-19) Sec. 501; organizations no longer qualifying as 501(c)(3) for failure to meet code section requirements; contributions by individual donors no longer deductible.
Announcement 2024-19 (IRB 2024-17) Tax treatment of payments for purchase of energy efficient property and improvements as part of Department of Energy's Home Energy Rebate Programs; claiming tax credit under Sec. 25C.
Announcement 2024-17 (IRB 2024-16) Errors in REG-101552-24.
Announcement 2024-16 (IRB 2024-16) Annual report on advance pricing agreements; APAs.Br>
Announcement 2024-15 (IRB 2024-15) Sec. 501; organizations no longer qualifying as 501(c)(3) for failure to meet code section requirements; contributions by individual donors no longer deductible.
Announcement 2024-14 (IRB 2024-12) Sec. 501; organizations no longer qualifying as 501(c)(3) for failure to meet code section requirements; contributions by individual donors no longer deductible.
Announcement 2024-10 (IRB 2024-11) Income tax treatment of certain lead service line replacement programs for residential property owners; replacement work done under the program will not result in income; governments not required to file information returns.
Announcement 2024-13 (IRB 2024-10) Sec. 501; organizations no longer qualifying as 501(c)(3) for failure to meet code section requirements; contributions by individual donors no longer deductible.
Announcement 2024-11 (IRB 2024-9) Office of Professional Responsibility; OPR; disciplinary sanctions.
Announcement 2024-12 (IRB 2024-8) Sec. 501; organizations no longer qualifying as 501(c)(3) for failure to meet code section requirements; contributions by individual donors no longer deductible.
Announcement 2024-9 (IRB 2024-7) Sec. 501; organizations no longer qualifying as 501(c)(3) for failure to meet code section requirements; contributions by individual donors no longer deductible.
Announcement 2024-8 (IRB 2024-7) Sec. 501; charitable organizations; determination that Altruistic United Humanity Association qualifies as a Sec. 501(c)(3) organization; deductions disallowed.
Announcement 2024-7 (IRB 2024-7) Corrections to Rev. Proc. 2024-5; errors on user fee schedule.
Announcement 2024-4 (IRB 2024-6) Sec. 6060I; digital assets definition of assets included in caah; $10,000 threshold reporting requirement for cash received by a trade or business.
Announcement 2024-6 (IRB 2024-5) Sec. 501; organizations no longer qualifying as 501(c)(3) for failure to meet code section requirements; contributions by individual donors no longer deductible.
Announcement 2024-5 (IRB 2024-5) Termination of United States-Hungary Tax Treaty not effective with respect to amounts paid or credited after January 1, 2024.
Announcement 2024-3 (IRB 2024-2) Employee retention credit; ERC; Voluntary Disclosure Program for taxpayers to resolve refunds or credits for erroneous Employee Retention Credit Claims; explains taxpayer eligibility criteria; procdedures for electing taxpayers.
Announcement 2024-1 (IRB 2024-2) Sec. 501; organizations no longer qualifying as 501(c)(3) for failure to meet code section requirements; contributions by individual donors no longer deductible.
Action On Decision
None
Internal Revenue Bulletin 2024-1 Internal Revenue Bulletin 2024-27
Copyright 2024 by A/N Group, Inc. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is distributed with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional should be sought. The information is not necessarily a complete summary of all materials on the subject. Copyright is not claimed on material from U.S. Government sources--ISSN 1089-1536
--Last Update 07/20/24