IRS Pronouncements--2018


Small Business Taxes & ManagementTM--Copyright 2018, 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, 2018. Because the IRS is no longer indexing the contents of the bulletins as in the past, we have created two indicies--this one is a complete list of all pronouncements. For an abbreviated list that is limited to those items we believe to be of interest to small to mid-sized business owners, their advisors, CPAs, enrolled agents, etc, go to IRS Pronouncements--2018--Short List. For a abbreviated, similar listing for prior years, go to:

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.

For Revenue Rulings-- www.irs.gov/pub/irs-drop/rr-18-xx.pdf
For Revenue Procedures-- www.irs.gov/pub/irs-drop/rp-18-xx.pdf
For Notices-- www.irs.gov/pub/irs-drop/n-18-xx.pdf

The xx must be at least two digits. Thus, Revenue Ruling 5 for 2018 would be: www.irs.gov/pub/irs-drop/RR-18-05.pdf   For prior years, change the 18 to the appropriate year (available years vary).

New Additions - Bulletin 16

Rev. Rul. 2018-10 (IRB 2018-16)Sec. 1.61-21(g); fringe benefits aircraft valuation formula; SIFL cents-per-mile rate; employer-provided aircraft; first half of 2018.

T.D. 9832 (IRB 2018-16) Sec. 41; 45G; 280C; credit for increasing research activities; allocation of controlled group research credit; allocation of railroad track maintenance credit; election for a reduced research credit.

REG-132434-17 (IRB 2018-16) Sec. 7602; administrative proceedings; exclusion of non-government attorneys from receiving summoned books, records, etc. or participating in the interview of a witness.

Notice 2018-31 (IRB 2018-16) Multinational groups required to file Form 8975; country-by-country report; more than $850 million in revenue.
Notice 2018-29 (IRB 2018-16) Sec. 1446(f); disposition of partnership interest not publicly traded; nonresident alient or foreign corporation.
Notice 2018-28 (IRB 2018-16) Sec. 163(j); disqualified interest; interim guidance; determinating limitations on deductions for interest.
Notice 2018-26 (IRB 2018-16) Sec. 965; deferred foreign income corporation; DFIC; subpart F income; accumulated post-1986 deferred foreign income.

Announcement 2018-7 (IRB 2018-16) Sec.501(c)(3); revocation of organizations for failure to meet code requirements; contributions no longer deductible.

For the full text of these rulings, go to Internal Revenue Bulletin 2018-16

 

Cumulative Listings - 2018

Revenue Rulings

Rev. Rul. 2018-10 (IRB 2018-16)Sec. 1.61-21(g); fringe benefits aircraft valuation formula; SIFL cents-per-mile rate; employer-provided aircraft; first half of 2018.
Rev. Rul. 2018-9 (IRB 2018-14) Applicable federal rates; adjusted federal long-term rate; April 2018.
Rev. Rul. 2018-7 (IRB 2018-13) Interest rates on underpayments and overpayments; quarter beginning April 1, 2018.
Rev. Rul. 2018-6 (IRB 2018-10) Applicable federal rates; adjusted federal long-term rate; March 2018.
Rev. Rul. 2018-5 (IRB 2018-6) Applicable federal rates; adjusted federal long-term rate; February 2018.
Rev. Rul. 2018-4 (IRB 2018-4) Sec. 401; covered compensation table effective January 1, 2018.
Rev. Rul. 2018-3 (IRB 2018-2) Package of films licensed to customers in the normal course of business; Reg. Sec. 1.199-3(d)(1)(ii); domestic production activities deduction.
Rev. Rul. 2018-2 (IRB 2018-2) Clarification of IRS position; mixtures of gasoline and butane are not alternative fuel mixtures; credit under Sec. 6426(e).
Rev. Rul. 2018-1 (IRB 2018-2) Applicable federal rates; adjusted federal long-term rate; January 2018; deemed rate for transfers to new pooled income funds during 2018.

 

Revenue Procedures

Rev. Proc. 2018-21 (IRB 2018-14) Proceduresd for issuing opinion and advisory letters for pre-approved master and prototype and volume submitter plans; pre-approved defined benefit plans; cash balance formula; Rev. Proc. 2017-41 modified; Rev. Proc. 2015-36 modified.
Rev. Proc. 2018-19 (IRB 2018-14) User fee reduction; applications on Form 5310 Application for Determination for Terminating Plan; Rev. Proc. 2018-4 modified.
Rev. Proc. 2018-20 (IRB 2018-11) Rev. Proc. 2010-28 modified and superseded; safe harbor extended; Sec. 7702; 7702A; life insurance contracts; mortality guarantees based on 2017 Commissioners' Standard Ordinary Mortality Tables.
Rev. Proc. 2018-18 (IRB 2018-10) Cost-of-living adjustments; inflation; individual tax rates; standard deduction; exemption amounts for alternative minimum tax; unified credit against estate tax; Rev. Proc. 2017-58 and Rev. Proc. 2017-37 modified to reflect Tax Cuts and Jobs Act.
Rev. Proc. 2018-17 (IRB 2018-9) Annual accounting period change prohibited; specified foreign corporations; taxable years ending on December 31, 2017; Rev. Proc. 2002-39; 2006-45 amended.
Rev. Proc. 2018-16 (IRB 2018-9) Designation of Qualified Opportunity Zones; Sec. 1400Z-1, 1400A-2; census information.
Rev. Proc. 2018-15 (IRB 2018-9) Exemption application generally not required for domestic organization that changes form or place of organization; Rev. Rul. 67-390; Rev. Rul. 77-469 obsoleted.
Rev. Proc. 2018-14 (IRB 2018-9) Damage to personal residence from deteriorating concrete foundation; pyrrhotite; extension of safe harbor; Rev. Proc. 2017-60 modified.
Rev. Proc. 2018-13 (IRB 2018-7) Insurance companies; unpaid loss discount factors for 2017 accident year; Sec. 846; 832; salvage value factors
Rev. Proc. 2018-10 (IRB 2018-7) Exempt organization determination letters; Form 1021-A; Sec. 501(c)(4); Rev. Proc. 2018-5 modified.
Rev. Proc. 2018-12 (IRB 2018-6) Reorganizations; safe harbor to value stock for purposes of continuity of interest; COI.
Rev. Proc. 2018-11 (IRB 2018-5) Disclosure on income tax return of item or position; adequate for reducing understatement of income tax under Sec. 6662(d); substantial understatement aspect of accuracy-related penalty; tax return preparer penalty; unreasonable position; applicable to returns filed on 2017 tax forms; Rev. Proc. 2016-13 updated.
Rev. Proc. 2018-9 (IRB 2018-2) Safe harbor method for computing amount of casualty or theft loss; cost index procedure; personal-use residential real property occurring as a result of 2017 hurricanes.
Rev. Proc. 2018-8 (IRB 2018-2) Casualty and theft losses for personal-use residential real estate and personal belongings; safe harbor method to determine the amount of the loss; additional safe harbor method for casual and theft losses occurring as a result of any Federally declared disaster.
Rev. Proc. 2018-7 (IRB 2018-1) Areas of IRC under jurisdiction of Associate Chief Counsel (International); IRS will not issue determination letters or letter rulings.
Rev. Proc. 2018-5 (IRB 2018-1) Procedures for issuing determination letters; issues under jurisdiction of District Director, Exempt Organizations; EO; rulings and agreements; pension, profit-sharing, stock bonus, annuity, and employee stock ownership plans; private foundation status; Sec. 7428.
Rev. Proc. 2018-4 (IRB 2018-1) Revised procedures; determination letters and letter rulings issued by the Commissioner; Tax Exempt and Government Entities; Employee Plans Rulings and Agreements; Rev. Procs. 2017-4 superseded.
Rev. Proc. 2018-3 (IRB 2018-1) Revised list of areas where IRS will not issue letter rulings or determination letters; Corporate; Financial Institutions and Products; Income Tax and Accounting; Passthroughs and Special Industries; Procedure and Administration; Tax Exempt and Government Entities; Associate Chief Counsel; Rev. Proc. 2017-3 superseded.
Rev. Proc. 2018-2 (IRB 2018-1) Procedures for Technical advice memoranda; TAMS; taxpayer rights when field office requests TAMS; Rev. Proc. 2017-2 superseded.
Rev. Proc. 2018-1 (IRB 2018-1) 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. 2017-1 superseded.

 

Regulations

T.D. 9832 (IRB 2018-16) Sec. 41; 45G; 280C; credit for increasing research activities; allocation of controlled group research credit; allocation of railroad track maintenance credit; election for a reduced research credit.
T.D. 9831 (IRB 2018-13) Permits IRS to measure employee satisfaction at levels higher than first-level supervisory.
T.D. 9830 (IRB 2018-11) Definition of covered entity for fee imposed under sec. 9010 of Affordable Care Act.
T.D. 9829 (IRB 2018-4) Sec. 6221; partnerships; centralized partnership audit regime; election out.

 

Proposed Regulations

REG-132434-17 (IRB 2018-16) Sec. 7602; administrative proceedings; exclusion of non-government attorneys from receiving summoned books, records, etc. or participating in the interview of a witness.
REG-129260-16 (IRB 2018-14) FAST Act; seriously delinquent tax debt; passport or passport renewal denied; passport revocation.
REG-133491-17 (IRB 2018-11) Change to definition of short-term limited duration insurance; STLDI; for purposes of exclusion from the definition of individual health insurance coverage.
REG-132197-17 (IRB 2018-10) Review of existing regulations; Executive Orders 13777 and 13789; reducing regulations; removal of obsolete regulations; amendment of proposed regulations.
REG-118067-17 (IRB 2018-8) Partnership audits; sec. 1101 of Bipartisan Budget Act of 2015; centralized partnership audit regime; assessment and collection of tax at partnership level; adjustment of tax attributes.
REG-119514-15 (IRB 2018-4) Sec. 988; exclusion of foreign currency gain or loss related to business needs from foreign personal holding company income; FPHCI; mark-to-market method of accounting; controlled foreign corporation; CFC.

 

Notices

Notice 2018-31 (IRB 2018-16) Multinational groups required to file Form 8975; country-by-country report; more than $850 million in revenue.
Notice 2018-29 (IRB 2018-16) Sec. 1446(f); disposition of partnership interest not publicly traded; nonresident alient or foreign corporation.
Notice 2018-28 (IRB 2018-16) Sec. 163(j); disqualified interest; interim guidance; determinating limitations on deductions for interest.
Notice 2018-26 (IRB 2018-16) Sec. 965; deferred foreign income corporation; DFIC; subpart F income; accumulated post-1986 deferred foreign income.
Notice 2018-23 (IRB 2018-15) Sec. 162(f); 6050X; transitional guidance; disallowance of deduction paid to or at the direction of a government or governmental entity in violation of any law.
Notice 2018-21 (IRB 2018-15) Sec. 6426; biodiesel; renewable diesel; one-time claim for refund; alternative fuel mixture credit; temporary safe harbor for deposits of the oil spill liability tax under Sec. 4611 reinstated March 1, 2018.
Notice 2018-22 (IRB 2018-14) Corporate bond monthly yield curve March 2018; Sec. 417; 430; interest rate on 30-year Treasury securities.
Notice 2018-20 (IRB 2018-12) List of jurisdictions that do not issue taxpayer identification numbers to their residents; jurisdictions that request to be on the list.
Notice 2018-19 (IRB 2018-12) Extension of relief period under Sec. 937; Notice 2017-56; bona fide residents of Puerto Rico and U.S. Virgin Islands; Hurricanes Irma and Maria; period extended to May 31, 2018.
Notice 2018-18 (IRB 2018-12) Sec. 1061; intent to issue regulations; applicable partnership interest; partnership held directly or indirectly by S corporation; partnership interests held in connection with the performance of services; carried interests.
Notice 2018-12 (IRB 2018-12) Health plans; male sterization or male contraceptives without a deductible or with a deductible below the minimum; not a high deductible health plan; HDHP; Sec. 223(c)(2).
Notice 2018-11 (IRB 2018-11) Corporate bond monthly yield curve January 2018; Sec. 417; 430; interest rate on 30-year Treasury securities.
Notice 2018-16 (IRB 2018-10) Corporate bond monthly yield curve February 2018; Sec. 417; 430; interest rate on 30-year Treasury securities.
Notice 2018-17 (IRB 2018-9) Hurricane Maria; Puerto Rico; expanded relief; relief provided in Rev. Proc. 2014-49 and 2014-50.
Notice 2018-15 (IRB 2018-9) Solicitations withdrawn; unused portion of clean renewable energy bonds; CREB; Sec. 54C repealed by Tax Cuts and Jobs Act.
Notice 2018-10 (IRB 2018-8) Sec. 4191; tax imposed on medical devices; temporary relief for the first three calendar quarters of 2018; failure to deposit penalties.
Notice 2018-14 (IRB 2018-7) Extension of effective period of Forms W-4 furnished for 2017 to claim exemption from February 15, 2018 to February 28, 2018; suspension of requirement to furnish employers new W-4 within 10 days of change of status; optional supplemental withholding rate is 22%.
Notice 2018-8 (IRB 2018-7) Suspension of withholding obligations under Sec. 1446(f); disposition of interests in certain publicly traded partnership interests pending further guidance.
Notice 2018-13 (IRB 2018-6) Sec. 951(a)(1); amounts included in gross income by a U.S. shareholder.
Notice 2018-5 (IRB 2018-6) Withholding agents; transition rules in Notice 2010-46 applicable for calendar years 2018 and 2019; qualified securities lender; QSL.
Notice 2018-7 (IRB 2018-4) Sec. 951; amounts included in gross income by U.S. shareholder; Sec. 965; accumulated deferred foreign income; P.L. 115-97; Tax Cuts and Jobs Act.
Notice 2018-6 (IRB 2018-3) Sec. 6055; information reporting requirements; health insurance; self-insuring employers; minimum essential coverage; Form 1095-B; Form 1095-C; reporting deadline extended from January 21, 2018 to March 2, 2018.
Notice 2018-1 (IRB 2018-3) Sec. 7345; passport denial and revocation; seriously deliquent tax debt; taxpayer remedies.
Notice 2018-3 (IRB 2018-2) Standard mileage rate for 2018; auto usage; business, charitable, medical, moving; depreciation for standard mileage use; maximum standard automobile cost for fixed and variable rate; FAVR.
Notice 2018-2 (IRB 2018-2) Updated mortality improvement rates and static mortality tables for determining minimum funding requirements; Sec. 430(h)(3) for 2019 and minimum present value under Sec. 417(e)(3).

 

Announcements

Announcement 2018-7 (IRB 2018-16) Sec.501(c)(3); revocation of organizations for failure to meet code requirements; contributions no longer deductible.
Announcement 2018-5 (IRB 2018-13) Intention to issue opinion and advisory letters for mater and prototype and volume submitter defined benefit plans; Notice 2012-76.
Announcement 2018-4 (IRB 2018-10) Office of Professional Responsibility; OPR; recent disciplinary sanctions.
Announcement 2018-3 (IRB 2018-9) Taft Foundation; notice to potential donors; stipulated decision by Tax Court; declaratory judgment under Sec. 7428.
Announcement 2018-2 (IRB 2018-9) International Center for Earth Concerns; notice to potential donors; stipulated decision by Tax Court; declaratory judgment under Sec. 7428.
Announcement 2018-1 (IRB 2018-9) Conservation Endowment Fund; notice to potential donors; stipulated decision by Tax Court; declaratory judgment under Sec. 7428.

 

Action On Decision

None

 

       Links to Individual Bulletins

Internal Revenue Bulletin 2018-1
Internal Revenue Bulletin 2018-2
Internal Revenue Bulletin 2018-3
Internal Revenue Bulletin 2018-4
Internal Revenue Bulletin 2018-5
Internal Revenue Bulletin 2018-6
Internal Revenue Bulletin 2018-7
Internal Revenue Bulletin 2018-8
Internal Revenue Bulletin 2018-9
Internal Revenue Bulletin 2018-10
Internal Revenue Bulletin 2018-11
Internal Revenue Bulletin 2018-12
Internal Revenue Bulletin 2018-13
Internal Revenue Bulletin 2018-14
Internal Revenue Bulletin 2018-15
Internal Revenue Bulletin 2018-16

 


Copyright 2018 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

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--Last Update 04/14/18