Small Business Taxes & Management

IRS Pronouncements--2010

Small Business Taxes & ManagementTM--Copyright 2010, A/N Group, Inc.

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Note. The list below contains a synopses of selected revenue rulings, revenue procedures, notices, announcements and regulations beginning with those issued January 1, 2010. The list is limited to those items we believe to be of interest to small to mid-sized businesses, their advisors, CPAs, etc. Rulings, etc. dealing with banks, insurance companies, exotic transactions, etc. are generally excluded. For a similar listing for prior years, go to:

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". You can download any Bulletin at the IRS website. The Applicable Federal Rate and interest rates on over- and underpayments are updated on our IRS Interest Rates page or, for more details go to the IRS AFR page


For Revenue Rulings--
For Revenue Procedures--
For Notices--

The xx must be at least two digits. Thus, Revenue Ruling 5 for 2010 would be:   For prior years, change the 10 to the appropriate year (no earlier than 99).


New Additions - Bulletin 52

Rev. Rul. 2010-31 (IRB 2010-52) Interest rates; underpayments and overpayments; quarter beginning January 1, 2011; 3 percent on noncorporate.

Rev. Proc. 2010-52 (IRB 2010-52) Plan sponsor; multiemployer plan; extension of amortization period; Rev. Proc. 2008-67 superseded; Rev. Proc. 2010-4 modified.

Notice 2010-94 (IRB 2010-52) Delay of effective date of compliance with Rev. Rul. 2006-57; qualified transportation fringes; use of smartcards, debt or credit cards, or other electronic media.
Notice 2010-92 (IRB 2010-52) Sec. 909; foreign income taxes paid or accrued in taxable years of a Sec. 902 corporation; on or before December 31, 2010; foreign tax credit splitting events.
Notice 2010-91 (IRB 2010-52) Sec. 3402(t); payments made by credit, debit, stored value, and other payment cards.
Notice 2010-90 (IRB 2010-52) Cumulative List of Changes in Plan Qualification Requirements; Rev. Proc. 2007-44; determination, opinion, or advisory letter applications.
Notice 2010-87 (IRB 2010-52) Federal tax deposits; determining timeliness; transitional relief; Sec. 6302.

Announcement 2010-95 (IRB 2010-52) Corrections to final regulations; T.D. 9340; Sec. 403(b); contracts of public schools and tax-exempt organizations.
Announcement 2010-96 (IRB 2010-52) Form 8944 Preparer e-file Hardship Waiver Request; requirements for waiver.

For the full text of these rulings, go to Internal Revenue Bulletin 2010-52.


Cumulative Listings - 2010

Revenue Rulings

Rev. Rul. 2010-31 (IRB 2010-52) Interest rates; underpayments and overpayments; quarter beginning January 1, 2011; 3 percent on noncorporate.
Rev. Rul. 2010-30 (IRB 2010-50) Sec. 1274A; inflation adjusted numbers for 2011; cash method debt instruments; nonpublicly traded properties; original issue discount.
Rev. Rul. 2010-27 (IRB 2010-45) Sec. 457; unforeseeable emergency distributions from pension plan; same standards apply to Sec. 409A nonqualified deferred compensation plans.
Rev. Rul. 2010-25 (IRB 2010-44) Limitations on qualified residence interest; $1 million; home equity indebtedness; Sec. 163(h)(3)(C).
Rev. Rul. 2010-23 (IRB 2010-39) Rev. Rul. 2003-102 obsoleted; employer reimbursements of amounts paid by employee for nonprescription medicines or drugs; FSA; flexible spending account; health reimbursement account; definition of medicine.
Rev. Rul. 2010-22 (IRB 2010-39) Fringe benefits aircraft valuation formula; SIFL; Standard Industry Fare Level; cents-per-mile; terminal charge; noncommercial flights; July 1 to December 31, 2010.
Rev. Rul. 2010-21 (IRB 2010-39) Interest rates; underpayments and overpayments; quarter beginning October 1, 2010; 4 percent on noncorporate.
Rev. Rul. 2010-17 (IRB 2010-26) New markets tax credit allowable under Sec. 45D; equity investment made by LLC classified as a partnership; cash from recourse loan to LLC that LLC invests in qualified community development entity. Rev. Rul. 2003-20 amplified.
Rev. Rul. 2010-16 (IRB 2010-26) Application of Sec. 469 to the Sec. 45D new markets tax credit; passive activity provisions; credit not disallowed; CDE; community development entity; taxpayer's interest or extent of participation.
Rev. Rul. 2010-14 (IRB 2010-26) Interest rates; underpayments and overpayments; quarter beginning July 1, 2010; 4 percent on noncorporate.
Rev. Rul. 2010-13 (IRB 2010-21) Sec. 45R; average premium for small group market for determining small employer health insurance credit.
Rev. Rul. 2010-10 (IRB 2010-13) Fringe benefits aircraft valuation formula; SIFL; Standard Industry Fare Level; cents-per-mile; terminal charge; noncommercial flights.
Rev. Rul. 2010-9 (IRB 2010-13) Interest rates; underpayments and overpayments; quarter beginning April 1, 2010; 4 percent on noncorporate.
Rev. Rul. 2010-4 (IRB 2010-5) Sec. 7216; 6713; disclosure or use of information by preparers of returns; criminal and civil penalties; disclosure in connection with professional liability insurance.
Rev. Rul. 2010-4 (IRB 2010-4) Sec. 7216; 6713; disclosure or use of information by preparers of returns; return preparer liable for criminal or civil penalties; communicating with taxpayers.
Rev. Rul. 2010-3 (IRB 2010-3) Sec. 1256 contracts mark to market; London International Financial Futures and Options Exchange; LIFFE; derivatives market; qualified board of exchange.
Rev. Rul. 2010-2 (IRB 2010-3) Sec. 1274A; inflation adjusted amount for 2010; principal amount of a debt instrument; interest; original issue discount; Rev. Rul. 2008-52 supplemented and superseded.


Revenue Procedures

Rev. Proc. 2010-52 (IRB 2010-52) Plan sponsor; multiemployer plan; extension of amortization period; Rev. Proc. 2008-67 superseded; Rev. Proc. 2010-4 modified.
Rev. Proc. 2010-51 (IRB 2010-51) Optional standard mileage rate procedures; substantiating deductible expenses of using auto for business, moving, medical, charitable purposes; for hire vehicles; Rev. Proc. 2009-54 superseded.
Rev. Proc. 2010-48 (IRB 2010-50) Guidance to drafters and users of pre-approved IRAs; prototype IRAs; Rev. Procs. 87-50, 98-59 modified.
Rev. Proc. 2010-47 (IRB 2010-50) Sec. 179; cost limitations for expensing property; tax years 2010; Rev. Proc. 2009-50 modified and superseded; Rev. Proc. 2010-24 superseded.
Rev. Proc. 2010-46 (IRB 2010-49) Nonshareholder contribution to capital; Sec. 118; Department of Transportation grant; safe harbor.
Rev. Proc. 2010-45 (IRB 2010-49) Nonshareholder contribution to capital; Sec. 118; Department of Energy grant; safe harbor.
Rev. Proc. 2010-44 (IRB 2010-49) Accounting for motor vehicle dealerships; safe harbor; treatment of sales and retail facilities for Sec. 263A; resellers without production activities; automatic consent; Rev. Proc. 2008-52 modified.
Rev. Proc. 2010-41 (IRB 2010-48) Procedures for foreign persons and U.S. citizens without a social security number; procedure to obtain PTIN; preparer tax identification number.
Rev. Proc. 2010-40 (IRB 2010-46) Cost-of-living adjustments for 2011; COLA; certain items; amounts not included to be addressed in future guidance.
Rev. Proc. 2010-39 (IRB 2010-42) Per diem allowances; optional rules for substantiated amounts; expenses of traveling away from home reimbursed to an employee or deductible by an employer or self-employed individual; Rev. Proc. 2009-47 superseded.
Rev. Proc. 2010-36 (IRB 2010-42) Corrosive drywall; damage resulting from; safe harbor; formula for determining amount of loss; damage to personal residence or household appliances.
Rev. Proc. 2010-35 (IRB 2010-42) Adoption credit inflation adjustments for 2010; increased credit amount; Patient Protection and Affordable Care Act; Rev. Proc. 2009-50 modified.
Rev. Proc. 2010-31 (IRB 2010-40) Safe harbor; finality of foreign adoptions; adoption credit; exclusion of employer-provided assistance.
Rev. Proc. 2010-33 (IRB 2010-38) Form 1042-S; Foreign Person's U.S. Source Income Subject to Withholding; filing specifications; Rev. Proc. 2009-35 superseded.
Rev. Proc. 2010-32 (IRB 2010-36) Foreign entity; check the box election to be a partnership; assumption of multiple owners; actual only one owner; election treated as disregarded entity.
Rev. Proc. 2010-30 (IRB 2010-36) REMIC; safe harbor conditions for qualified mortgage; secured by real property; release of lien.
Rev. Proc. 2010-28 (IRB 2010-34) Sec. 7702; MEC; safe harbor for contracts with maturity date of 100; Notice 2009-47 obsoleted.
Rev. Proc. 2010-27 (IRB 2010-31) Procedure to be followed by trustee or debtor in possession representing bankruptcy estate to request income tax refund; Rev. Proc. 81-18 obsoleted.
Rev. Proc. 2010-26 (IRB 2010-30) Electronic filing; 2010 form specifications; Rev. Proc. 2009-30 superseded.
Rev. Proc. 2010-24 (IRB 2010-25) Sec. 179 expense limitations and phaseout; election to expense depreciable assets; statutory amendment; Rev. Proc. 2009-50 modified and superseded.
Rev. Proc. 2010-23 (IRB 2010-24) Qualified mortgage bonds; mortgage credit certificates; national median gross income; Rev. Proc. 2009-27 obsoleted in part.
Rev. Proc. 2010-22 (IRB 2010-23) 2011 inflation adjusted amounts for Health Savings Accounts; HSAs; Sec. 223.
Rev. Proc. 2010-16 (IRB 2010-19) Change of address notice; changes to procedures; Rev. Proc. 2001-18 superseded; Form 8822.
Rev. Proc. 2010-20 (IRB 2010-14) Nonshareholder contribution to capital; Sec. 118; Smart Grid Investment Grant; reduction in basis of property; Sec. 362(c)(2).
Rev. Proc. 2010-21 (IRB 2010-13) Substitute forms and schedules; computer generated forms and schedules; Rev. Proc. 2009-17 superseded.
Rev. Proc. 2010-19 (IRB 2010-13) Taxpayers emigrating from Canada; election for U.S. income tax under Article XIII (gains); US-Canada Treaty; Canadian departure tax.
Rev. Proc. 2010-14 (IRB 2010-12) Safe harbor for failed Sec. 1031 exchanges; reporting gain or loss; deferred like-kind exchange; uncompleted exchange; default of qualified intermediary to acquire replacement property.
Rev. Proc. 2010-18 (IRB 2010-9) Automobile owners and lessees; trucks; vans; autos; depreciation deduction limitation; first placed in service in 2010; lease inclusion amount.
Rev. Proc. 2010-17 (IRB 2010-8) Eligibility requirements gfor Sec. 911(d)(1); adverse conditions in a foreign country; current list of countries for 2009 and the dates those countries are subject to the waiver.
Rev. Proc. 2010-15 (IRB 2010-7) Disclosure on income tax return with respect to item or position; adequate for understatement penalty under Sec. 6662(d); substantial understatement; tax return preparer penalty rules Sec. 6694(a); unreasonable position; Rev. Proc. 2008-14 updated.
Rev. Proc. 2010-13 (IRB 2010-4) Sec. 469; report to IRS of groupings and regroupings of activities; addition of specific activities; Sec. 1.469-4.
Rev. Proc. 2010-12 (IRB 2010-3) Sec. 305 treatment; stock distribution of publicly traded regulated investment company; real estate investment trust; shareholders election to receive money or stock; Rev. Proc. 2009-15 amplified and superseded.
Rev. Proc. 2010-10 (IRB 2010-3) Maximum vehicle values; special valuation rule; cents-per-mile; Reg. Sec. 1.61-21(d).
Rev. Proc. 2010-11 (IRB 2010-2) Blind trust; requirements of sec. 102(f)(3) of Title 5 U.S. Code; execute and file income tax return on behalf of individual; Rev. Proc. 80-59 modified and superseded.
Rev. Proc. 2010-9 (IRB 2010-2) Determination letters and rulings; procedures for issuing; exempt status of organizations; Sec. 501; 521; revocation of letters and rulings; administrative remedies; Rev. Proc. 2009-9 superseded.
Rev. Proc. 2010-8 (IRB 2010-1) User fees for employee plans and exempt organizations; user fee program; letter rulings; determination letters; Tax Exempt and Government Entities; Rev. Proc. 2009-8 superseded.
Rev. Proc. 2010-7 (IRB 2010-1) Areas in which rulings will not be issued; Associate Chief Counsel; International; procedures revised; Rev. Proc. 2009-7 superseded.
Rev. Proc. 2010-6 (IRB 2010-1) Employee plans determination letters; revised procedures; determination letters; plans under Sec. 401(a); 403(a); 409; 4975; Rev. Proc. 2009-6 superseded.
Rev. Proc. 2010-5 (IRB 2010-1) Technical advice; revised procedures for furnishing technical advice to area managers and appeals offices; Tax Exempt and Government Entities; employee plans; Rev. Proc. 2009-5 superseded.
Rev. Proc. 2010-4 (IRB 2010-1) Rulings and information letters; issuance procedures; revised procedures; ruling letters and information letters on matters under jurisdiction of the Office of the Division Commissioner; Tax Exempt and Government Entities; Rev. Proc. 2009-4 superseded.
Rev. Proc. 2010-3 (IRB 2010-1) Areas in which rulings will not be issued; domestic; Rev. Procs. 2009-3 and 2009-35 superseded; Rev. Proc. 87-35 obsoleted.
Rev. Proc. 2010-2 (IRB 2010-1) Technical advice; procedure explains when and how Associate Chief Counsel; corporate; financial institutions and products; income tax and accounting; passthroughs and special industries; procedure and administration; tax exempt and government; issue technical advice memoranda; TAM; rights of a taxpayer when a field office requests a TAM regarding a tax matter; Rev. Proc. 2009-2 superseded.
Rev. Proc. 2010-1 (IRB 2010-1) Letter rulings; information letters; determination letters; revised procedures for rulings issued by the Associate Chief Counsel; corporate; financial institutions and products; income tax and accounting; passthroughs and special industries; procedure and administration; tax exempt and government; Rev. Proc. 2009-1 superseded.



T.D. 9505 (IRB 2010-48) Sec. 411; hybrid defined benefit pension plans; cash balance plans; statutory hybrid plans; vesting rules; age discrimination.
T.D. 9504 (IRB 2010-47) Sec. 6405; 1012; 6045A; 6045B; 6721; 6722; stockbrokers reporting adjusted basis of stock sold; nature of gain as to short-term or long-term; corporate actions that affect the securities basis; Rev. Rul. 67-436 obsoleted; Rev. Proc. 2008-52 modified.
T.D. 9503 (IRB 2010-47) Establishment of user fee to apply or renew tax preparer identification number.
T.D. 9502 (IRB 2010-46) Sec. 883; rule permitting foreign corporations to include bearer shares; book-entry system; ownership tests of Sec. 883.
T.D. 9501 (IRB 2010-46) Sec. 6109; tax return preparers; furnishing of identifying number on tax returns.
T.D. 9500 (IRB 2010-46) Sec. 6103; REG-137486-09; disclosure of items to Bureau of the Census.
T.D. 9499 (IRB 2010-45) Sec. 6411; computation and allowance of tentative carryback adjustments.
T.D. 9498 (IRB 2010-45) Sec. 108; REG-144762-09; partnerships and S corporations; defer discharge of indebtedness icnome; deductions for original issue discount; reacquistion of debt instrument in 2009 or 2010; four or five year deferral.
T.D. 9497 (IRB 2010-44) Sec. 108; REG-142800-09; cancellation of debt income; C corporations; acceleration of deferred COD income; deferred OID; consolidated group; all taxpayers regarding deferred OID deductions.
T.D. 9496 (IRB 2010-43) Sec. 6050W; information reporting requirements; information reporting penalties; backup withholding requirements for payment card and third party network transactions.
T.D. 9495 (IRB 2010-43) Sec. 1397E; issuers of qualfied zone academy bonds; QZABs; expenditures of bond proceeds; arbitrage; information reporting.
T.D. 9494 (IRB 2010-43) Sec. 9815; REG-125592-10; group health plans; internal claims and appeals and external review processes; health insurance issuers; Affordable Care Act.
T.D. 9493 (IRB 2010-35) Sec. 9815; REG-120391-10; group health plans; must provide coverage for preventive health services without imposing cost sharing requirements.
T.D. 9492 (IRB 2010-33) Sec. 4965; entity-level and manager-level excise taxes; prohibited tax shelter transactions to which tax-exempt entities are parties; disclosure obligations with respect to such transactions; return requirement.
T.D. 9491 (IRB 2010-32) Sec. 9815; REG-120399-10; rules for group health plans; health insurance coverage relating to preexisting condition exclusions; lifetime and annual benefit limits; recisions, and patient protections under the Affordable Care Act.
T.D. 9490 (IRB 2010-31) Sec. 1502; 172; REG-151605-09; implementation of Sec. 172(b)(1)(H) within a consolidated group; net operating loss; waive all or a portion of the pre-acquisition portion of extended carryback; specific losses attributable to certain acquired members.
T.D. 9489 (IRB 2010-29) Sec. 9815; REG-118412-10; group health plans; health insurance coverage relating to status as a grandfathered health plan under the Affordable Care Act.
T.D. 9488 (IRB 2010-28) Sec. 6404; suspension of interest, penalty, addition to tax, or additional amount; listed transactions; undisclosed reportable transactions.
T.D. 9487 (IRB 2010-28) Sec. 382; treatment of prepaid income under the built-in gain provisions; Sec. 282(h).
T.D. 9486 (IRB 2010-27) Sec. 5000B; REG-112841-10; indoor tanning services excise tax guidance.
T.D. 9485 (IRB 2010-26) Sec. 704; partnership rules strengthened to ensure allocation rules in regulations not used to generate unwarranted tax benefits; 1.704-3(a)(10) anti-abuse rule; allocation on direct and indirect partners; Sec. 1.701-2.
T.D. 9484 (IRB 2010-24) Sec. 401; diversification requirements for certain defined contribution plans holding publicly traded employer securities.
T.D. 9483 (IRB 2010-23) Sec. 274; clearly marked public safety officer vehicles; new type of qualified nonpersonal use vehicle; autos.
T.D. 9482 (IRB 2010-22) Sec. 9815; REG-114494-01; requirements imposed on group health plans; dependent coverage of children to age 26.
T.D. 9479 (IRB 2010-18) Sec. 9812; group health plans; Mental Health Parity; substance use.
T.D. 9481 (IRB 2010-17) Sec. 162; deduction for deemed living expenses; state legislator away from home; election under Sec. 162(h).
T.D. 9480 (IRB 2010-10) Sec. 6654; REG-117501-09; reduced estimated income tax payments for qualified individuals with small business income for taxable years beginning in 2009.
T.D. 9477 (IRB 2010-6) Sec. 304; REG-132232-08; tax treatment; shareholders transferring stock or securities to related corporations; control of two or more corporations; sale of stock to related corporations; tax treatment of shareholders who receive amounts for transferred stock or securities; tax avoidance.
T.D. 9476 (IRB 2010-5) Sec. 1561; apportionment of tax benefit items; information to submit with return; consolidated group; controlled group of corporations.
T.D. 9478 (IRB 2010-4) Sec. 7216; REG-131028-09; disclosure and use of tax return information by tax return preparers; Notice 2009-13 obsoleted.
T.D. 9475 (IRB 2010-4) Sec. 368; qualification of certain transaction as reorganizations; Sec. 368(a)(1)(D); no stock or securities of the acquiring corporation is issued and distributed.
T.D. 9474 (IRB 2010-4) Rules relating to reduction in taxable income for housing displaced individuals; Katrina Emergency Tax Relief Act of 2005; Heartland Disaster Tax Relief Act of 2008.


Proposed Regulations

REG-100194-10 (IRB 2010-51) Sec. 6011; tax return preparers; electronic filing requirements; more than 10; more than 100 in 2011.
REG-132554-08 (IRB 2010-48) Sec. 411; hybrid defined benefit pension plans; cash balance plans; 133-1/3 percent rule; market rate of return.
REG-138637-07 (IRB 2010-44) Modification of general standards of practice before the IRS and the standards with respect to tax returns.
REG-153340-09 (IRB 2010-42) Sec. 6302; Federal Tax Deposits; FTDs; Electronic Funds Transfer; EFT; rules requiring depositors to use EFT for all FTDs; FTD coupons eliminated.
REG-116046-10 (IRB 2010-40) Sec. 6012; uncertain tax positions; UTP; corporations.
REG-139343-08 (IRB 2010-33) Sec. 6109; imposition of user fees on certain tax return preparers.
REG-106750-10 (IRB 2010-25) Sec. 1001; recharacterization of modified debt instrument as not debt; deterioration of issuer's financial condition.
REG-134235-08 (IRB 2010-16) Sec. 6109; guidance to tax return preparers; identifying number on tax returns; preparer identification number; tax returns requiring identifying number.
REG-148861-09 (IRB 2010-11) Reviewing ERISA rules; enhance retirement security of participants in employer-sponsored plans; lifetime income or other arrangements; solicitation of views from participants; sponsors; general public.
REG-137036-08 (IRB 2010-6) Sec. 3504; employment tax liability of agents authorized by IRS to perform acts required of employers; FUTA taxes on wages paid for home care services; participant in home care services.
REG-101896-09 (IRB 2010-5) Sec. 6045; 1012; 6045A; 6045B; 6721; 6722; rules for stockbrokers; reporting adjusted basis of stock being sold; whether any gain or loss with respect to sale is long-term or short-term; averaging basis of shares; expand ability of investors to compute basis by averaging; reporting requirements on issuers of securities; Rev. Rul. 67-436 obsoleted.



Notice 2010-94 (IRB 2010-52) Delay of effective date of compliance with Rev. Rul. 2006-57; qualified transportation fringes; use of smartcards, debt or credit cards, or other electronic media.
Notice 2010-92 (IRB 2010-52) Sec. 909; foreign income taxes paid or accrued in taxable years of a Sec. 902 corporation; on or before December 31, 2010; foreign tax credit splitting events.
Notice 2010-91 (IRB 2010-52) Sec. 3402(t); payments made by credit, debit, stored value, and other payment cards.
Notice 2010-90 (IRB 2010-52) Cumulative List of Changes in Plan Qualification Requirements; Rev. Proc. 2007-44; determination, opinion, or advisory letter applications.
Notice 2010-87 (IRB 2010-52) Federal tax deposits; determining timeliness; transitional relief; Sec. 6302.
Notice 2010-85 (IRB 2010-51) Proposed revenue procedure; hardship waiver of electronic filing requirement for tax return preparers; taxpayer's choice to file the taxpayer's individual income tax return in paper format.
Notice 2010-84 (IRB 2010-51) Qualified Roth contribution program; roll over amounts from their accounts other than designated Roth accounts to Roth accounts; Sec. 402A(c)(4); rollovers from Sec. 401(k) plans to designated Roth accounts in the same plan; in-plan Roth rollovers.
Notice 2010-83 (IRB 2010-51) Funding relief for multiemployer defined benefit plans under PRA 2010.
Notice 2010-82 (IRB 2010-51) Sec. 45R; income tax credit for certain small employers; nonelective contributions to employees' health insurance premiums; eligibility for credit; Notice 2010-44 amplified.
Notice 2010-80 (IRB 2010-51) Additional relief for nonqualified deferred compensation plans under Sec. 409A; types of plans eligible for relief; additional method of correction; Notices 2008-113 and 2010-6 modified.
Notice 2010-77 (IRB 2010-51) Defined benefit plans; extension of deadline for amending; Notice 2009-97 and Rev. Proc. 2007-44 modified.
Notice 2010-86 (IRB 2010-50) Social security 2011 contribution and benefit base; domestic employee coverage threshold; OASDI.
Notice 2010-81 (IRB 2010-50) When state and local bonds are considered issued; issue date of bond vs. issue date of issue; Sec. 103(c) and 54AA.
Notice 2010-78 (IRB 2010-49) Cost of living adjustments for 2011; qualified retirement plans; deferred compensation plans.
Notice 2010-75 (IRB 2010-48) Sec. 45Q; carbon dioxide sequestration; inflation adjustment factor.
Notice 2010-74 (IRB 2010-46) Sec. 42; no unused housing credit carryovers to be allocated to qualified states for 2010.
Notice 2010-73 (IRB 2010-46) Sec. 613A; applicable percentage; percentage depletion for marginal properties for 2010 calendar year.
Notice 2010-72 (IRB 2010-46) Sec. 43 inflation adjustment factor; phase-out amount; enhanced oil recovery credit.
Notice 2010-69 (IRB 2010-44) Interim relief to employers; reporting the cost of coverage under an employer-sponsored group health plan on Form W-2.
Notice 2010-68 (IRB 2010-44) Alaska; exemption from dyeing requirements for nontaxable use of diesel fuel and kerosene.
Notice 2010-67 (IRB 2010-43) Sec. 6045A; transitional relief from information reporting requirements; transfers of securities by brokers and other custodians.
Notice 2010-66 (IRB 2010-42) Refundable adoption credit; carryforward from earlier years refundable in 2010; documents to attach to tax returns to substantiate adoption credit.
Notice 2010-65 (IRB 2010-41) Sec. 901; IRS intends to exercise regulatory authority not to apply the credit disallowance rules to foreign withholding taxes on certain royalties and direct sales of copyrighted articles; Notice 2005-90 supplemented.
Notice 2010-64 (IRB 2010-41) Sec. 1033; extension of replacement period for livestock sold on account of drought; list of counties that experienced exceptional, extreme,or severe drought during preceding 12-month period.
Notice 2010-63 (IRB 2010-41) Sec. 9815; comments solicited; insured group health plans; discrimination in favor of highly compensated individuals.
Notice 2010-62 (IRB 2010-40) Codification of economic substance doctrine; Sec. 7701; 6662; 6662A; 6664; 6676; Rev. Proc. 2010-3 modified.
Notice 2010-54 (IRB 2010-40) Rules relating to the availability of production tax credit for refined coal; Notice 2009-90 superseded.
Notice 2010-59 (IRB 2010-39) Sec. 106; over-the-counter medicine or drug prescription requirement for medical expense; Sec. 105 definition; Notices 96-53, 2004-2, 2004-50, 2008-51, 2008-52 modified; Notice 2006-69 amplified.
Notice 2010-60 (IRB 2010-37) Information reporting requirements on foreign financial entities.
Notice 2010-58 (IRB 2010-37) Net operating loss; NOL; electing 3, 4, or 5 year carryback; Worker, Homeownership, and Business Assistance Act of 2009; guidance in Q & A format.
Notice 2010-56 (IRB 2010-33) Form 5500; Schedule MB; multiemployer defined benefit plans; special funding rules; Sec. 431(b)(8).
Notice 2010-55 (IRB 2010-33) Form 5500; Schedule SB; single-employer defined benefit plans; special funding rules; Sec. 430(c)(2)(D); reduction of plan's minimum required contribution; alternative shortfall amortization schedule.
Notice 2010-53 (IRB 2010-31) Updated address for certain elections, statements, returns and other documents; Notice. 2003-19 revoked.
Notice 2010-51 (IRB 2010-29) Public comments invited; requirement under amendments to Sec. 6041; expanding reporting requirements for payments to corporations and payments with respect to property; Form 1099.
Notice 2010-50 (IRB 2010-27) Sec. 382; guidance for measuring owner shifts of loss corporations; more than one class of stock outstanding; fluctuations in value of one class of stock relative to another class.
Notice 2010-49 (IRB 2010-27) Notice inviting public comment; possible modification to regulations; Sec. 382; treatement of shareholders who are not 5-percent shareholders.
Notice 2010-48 (IRB 2010-27) Relief for sponsors of defined contribution pre-approved plans; master and prototype; volume submitter; federally declared disasters; extension of deadline; Rev. Proc. 2007-44 modified.
Notice 2010-46 (IRB 2010-24) U.S. tax imposed on substitute dividend payments received by foreign taxpayers; dividend paying securities loaned; Notice 97066 modified.
Notice 2010-45 (IRB 2010-23) Qualifying therapeutic discovery project program; Sec. 48D tax credit.
Notice 2010-42 (IRB 2010-23) Motor vehicle credit; phase out of new advanced lean burn technology vehicles beginning July 1, 2010; Volkswagen; Audi.
Notice 2010-44 (IRB 2010-22) Sec. 45R; tax credit to small employers that make nonelective contributions to employees' health insurance premiums; guidance on credit; eligibility of credit; calculation of credit.
Notice 2010-41 (IRB 2010-22) Sec. 7701; intention to issue regulations; classification of certain domestic partnerships as foreign; identifying which U.S. shareholders are required to include amounts in gross income under Sec. 951.
Notice 2010-38 (IRB 2010-20) Employer-provided accident and health plans; guidance on exclusion; children under age 27; deduction by self-employed individuals; VEBAs; new law.
Notice 2010-35 (IRB 2010-19) Tax credit bonds; Sec. 54A; refundable tax credit subsidy option; Sec. 6431(f); required elections; information reporting; Build America Bonds; Sec. 54AA.
Notice 2010-37 (IRB 2010-18) Renewable electricity production; refined coal production; 2010 inflation adjustment factors and reference prices.
Notice 2010-30 (IRB 2010-18) Military Spouses Residency Relief Act; MSRRA; extension of time to pay tax; civilian spouses of servicemembers working in a U.S. teritory.
Notice 2010-34 (IRB 2010-17) Reporting obligations; shareholders of passive foreign investment companies; PFIC; Sec. 1298(f).
Notice 2010-33 (IRB 2010-17) List of positions identified as frivolous; Sec. 6702(c); Notice 2008-14 modified and superseded.
Notice 2010-32 (IRB 2010-16) Interim guidance extended to taxable years that begin before January 1, 2010; Sec. 67 treatment of investment advisory costs; 2-percent floor; trust or estate; integrated cost; Notices 2008-116; 2008-32.
Notice 2010-31 (IRB 2010-16) 2009 nonconventional source fuel credit; Sec. 45K inflation adjustment factor; 45K reference price.
Notice 2010-27 (IRB 2010-15) Adjusted limitations on housing; tax year 2010; Sec. 911; foreign exclusion; Notices 2006-87, 2007-25, 2007-77, and 2008-107 superseded.
Notice 2010-26 (IRB 2010-14) Chile earthquake in 2010; Chile earthquake qualified disaster for purposes of Sec. 139.
Notice 2010-25 (IRB 2010-14) Interim guidance between expiration of current temporary regulations and the issuance of new regulations; measurement of continuity of interest; COI; reorganizations.
Notice 2010-17 (IRB 2010-14) Face amount of qualified school construction bonds; QSCBs; Sec. 54F; Notice 2009-35 supplemented.
Notice 2010-21 (IRB 2010-12) Low-income housing tax credit; private activity bonds; 2010 state housing credit ceilings; Sec. 42(h); private activity bond volume cap; Sec. 146; volume limit Sec. 142(k).
Notice 2010-23 (IRB 2010-11) FBAR filing relief; persons with signature authority and who own commingled funds; Notice 2009-62 modified and supplemented.
Notice 2010-22 (IRB 2010-10) Qualified Zone Academy Bonds; QZAB; maximum face amount for 2010.
Notice 2010-19 (IRB 2010-7) Gifts in trust during 2010; transfer of property to non-wholly owned grantor trust; transfer by gift of entire interest in property; transfer to wholly owned grantor trust; Sec. 2511.
Notice 2010-16 (IRB 2010-6) Haiti earthquake in 2010; qualified disaster for purposes of Sec. 139.
Notice 2010-15 (IRB 2010-6) Miscellaneous HEART Act changes; questions and answers; Heroes Earnings Assistance and Relief Act of 2008.
Notice 2010-13 (IRB 2010-4) Procedures for corporations, electing small business corporations, and organizations required to file returns under Sec. 6033; request for waiver of requirement to file electronically; Notice 2005-88 superseded.
Notice 2010-12 (IRB 2010-4) Extension of application of Notice 2008-91; elective exclusion; CFC; controlled foreign corporation; definition of obligation; Rev. Proc. 2008-26; readily marketable securities.
Notice 2010-11 (IRB 2010-4) Extension of suspension; Sec. 163(e)(5); applicable high yield discount obligations.
Notice 2010-10 (IRB 2010-3) Tax-exempt bond provisions; Midwestern and Hurricane Ike disaster areas; Heartland Disaster Tax Relief Act.
Notice 2010-9 (IRB 2010-3) Filers of Forms 1099-B; 1099-S; certain information on Form 1099-MISC; required filing date extended to February 16, 2010; Notice 2009-11 amplified.
Notice 2010-8 (IRB 2010-3) Taxpayer authorizations of disclosure of returns; Sec. 6103.
Notice 2010-6 (IRB 2010-3) Nonqualified deferred compensation plans; Sec. 409A; plan document requirements; this notice permits correction of certain failures to comply with plan documents; Notices 2008-113 and 2008-115 modified.
Notice 2010-4 (IRB 2010-2) Guidance and limited penalty relief to middlemen and trustees; reporting for widely held mortgage trusts; WHMTs; preparation of Forms 1099; TIH; trust interest holder.
Notice 2010-1 (IRB 2010-2) Code Sec. 338(g) or 338(h)(10) election; new target and old target treated as same corporation for purposes of Sec. 807(e)(4).



Announcement 2010-95 (IRB 2010-52) Corrections to final regulations; T.D. 9340; Sec. 403(b); contracts of public schools and tax-exempt organizations.
Announcement 2010-96 (IRB 2010-52) Form 8944 Preparer e-file Hardship Waiver Request; requirements for waiver.
Announcement 2010-83 (IRB 2010-50) Corrections to final regulations; T.D. 9340; updated guidance on Sec. 403(b) contracts of public schools and tax-exempt organizations.
Announcement 2010-88 (IRB 2010-47) Deadline to issue tribal economic development bonds extended pursuant to volume cap; TEDBs.
Announcement 2010-81 (IRB 2010-45) Enrolled agents; enrollment renewal period; enrolled agents with social security numbers or tax identification numbers ending in 4, 5, or 6.
Announcement 2010-87 (IRB 2010-43) Updates to all publications associated with filing information returns through Filing Information Returns Electronically (FIRE) System.
Announcement 2010-82 (IRB 2010-42) Corrections and clarifications to Publication 1220, Specifications for Filling Forms 1097-BTC, 1098, 1099, 3921, 3922, 5498, 8935, and W-2G Electronically.
Announcement 2010-77 (IRB 2010-41) Correction to Announcement 2010-59 which corrected Announcement 2010-47; Deletions from Cumulative List of Organizations Contributions to Which are Deductible Under Section 170 of the Code.
Announcement 2010-76 (IRB 2010-41) Service expanding policy of restraint in connection with decision to require filing of Schedule UTP, Uncertain Tax Position Statement; forgo seeking documents and workpapers.
Announcement 2010-75 (IRB 2010-41) Uncertain tax positions; UTP; actions taken by IRS in response to comments; proposed schedule.
Announcement 2010-60 (IRB 2010-40) Withdrawal of proposed regulations REG-146893-02; 115037-00; controlled services transactions; Sec. 482; allocation of income from intangibles; controlled party; contribution of intangible to another controlled party.
Announcement 2010-56 (IRB 2010-39) Qualifying advanced coal project; gasification project; Sec. 48A; 48B.
Announcement 2010-58 (IRB 2010-38) Correction to Announcement 2010-55; incorrect date.
Announcement 2010-50 (IRB 2010-33) Corrections to final regulations; T.D. 9487; treatment of prepaid income under built-in gain provisions of Sec. 382(h).
Announcement 2010-41 (IRB 2010-25) Validation of social security numbers from the Social Security Administration; change of procedures for individual payees; backup withholding; Sec. 3406; receipt of second "B notice".
Announcement 2010-39 (IRB 2010-22) Correction to final regulations; T.D. 9350; disclosure of reportable transactions; Sec. 6011.
Announcement 2010-38 (IRB 2010-21) Correction to final regulations; T.D. 9350; disclosure of reportable transactions; Sec. 6011.
Announcement 2010-34 (IRB 2010-20) Correction to Announcement 2010-22; FACTA and request for comments; incorrect reference to Federal e-Rulemaking Portal.
Announcement 2010-32 (IRB 2010-19) Revised Form 3115; Application for Change in Accounting Method; transition period and transition guidance.
Announcement 2010-30 (IRB 2010-19) Release of draft of Schedule UTP; draft instructions; explanation of Service's prposal requiring reporting of uncertain tax positions.
Announcement 2010-27 (IRB 2010-18) Competent Authority Agreement; Belgium; pension plans.
Announcement 2010-26 (IRB 2010-16) Competent Authority Agreement; Netherlands; tax-exempt trusts; companies and other organizations; double taxation; prevention of fiscal evasion.
Announcement 2010-22 (IRB 2010-16) IRS to provide guidance on implementation of FATCA; foreign account tax compliance; solicitation of comments.
Announcement 2010-21 (IRB 2010-15) Annual report on Advance Pricing Agreements; APA.
Announcement 2010-20 (IRB 2010-15) Opinions and advisory letters; pre-approved; master and prototype; defined benefit plans that were restated for the Economic Growth and Tax Relief Reconciliation Act; EGTRRA.
Announcement 2010-19 (IRB 2010-14) Charitable trust may request ruling; Type III supporting organization; Sec. 509(a)(3); refund of any Sec. 4940 tax paid for 2008 taxable year.
Announcement 2010-18 (IRB 2010-12) Correction to final regulations; T.D. 9424; corporations filing consolidated returns; tax-free reorganizations; transfer of subsidiary stock.
Announcement 2010-16 (IRB 2010-11) Temporary suspension for persons who are not U.S. citizens or residents or domestic entities; requirement to file Form TD F 90-22.1; FBAR; Report of Foreign Bank and Financial Accounts for 2009 and earlier calendar years; Announcement 2009-51 supplemented and superseded.
Announcement 2010-9 (IRB 2010-7) Explanation of potential content of schedule requiring certain business taxpayers to report uncertain tax positions on their tax returns.
Announcement 2010-8 (IRB 2010-7) Correction to final regulation; T.D. 9443; postponement of certain tax-related deadlines either due to service in a combat zone or due to a federally declared disaster.
Announcement 2010-7 (IRB 2010-6) Correction to temporary regulations; T.D. 9458; modification to consolidated return regulation; election to treat a liquidation of a target; crosschain reorganization.
Announcement 2010-5 (IRB 2010-6) Correction to Rev. Proc. 2010-1; incorrect internal cross-reference.
Announcement 2010-3 (IRB 2010-4) Automatic approval of changes in funding method for takeover plans and changes in pension valuation software.
Announcement 2010-2 (IRB 2010-2) Competent Authority Agreement; U.S. and Germany; taxation of consular employees; income tax treaty and protocol.


       Links to Individual Bulletins

Internal Revenue Bulletin 2010-1        Internal Revenue Bulletin 2010-27
Internal Revenue Bulletin 2010-2        Internal Revenue Bulletin 2010-28
Internal Revenue Bulletin 2010-3        Internal Revenue Bulletin 2010-29
Internal Revenue Bulletin 2010-4        Internal Revenue Bulletin 2010-30
Internal Revenue Bulletin 2010-5        Internal Revenue Bulletin 2010-31
Internal Revenue Bulletin 2010-6        Internal Revenue Bulletin 2010-32
Internal Revenue Bulletin 2010-7        Internal Revenue Bulletin 2010-33
Internal Revenue Bulletin 2010-8        Internal Revenue Bulletin 2010-34
Internal Revenue Bulletin 2010-9        Internal Revenue Bulletin 2010-35
Internal Revenue Bulletin 2010-10      Internal Revenue Bulletin 2010-36
Internal Revenue Bulletin 2010-11      Internal Revenue Bulletin 2010-37
Internal Revenue Bulletin 2010-12      Internal Revenue Bulletin 2010-38
Internal Revenue Bulletin 2010-13      Internal Revenue Bulletin 2010-39
Internal Revenue Bulletin 2010-14      Internal Revenue Bulletin 2010-40
Internal Revenue Bulletin 2010-15      Internal Revenue Bulletin 2010-41
Internal Revenue Bulletin 2010-16      Internal Revenue Bulletin 2010-42
Internal Revenue Bulletin 2010-17      Internal Revenue Bulletin 2010-43
Internal Revenue Bulletin 2010-18      Internal Revenue Bulletin 2010-44
Internal Revenue Bulletin 2010-19      Internal Revenue Bulletin 2010-45
Internal Revenue Bulletin 2010-20      Internal Revenue Bulletin 2010-46
Internal Revenue Bulletin 2010-21      Internal Revenue Bulletin 2010-47
Internal Revenue Bulletin 2010-22      Internal Revenue Bulletin 2010-48
Internal Revenue Bulletin 2010-23      Internal Revenue Bulletin 2010-49
Internal Revenue Bulletin 2010-24      Internal Revenue Bulletin 2010-50
Internal Revenue Bulletin 2010-25      Internal Revenue Bulletin 2010-51
Internal Revenue Bulletin 2010-26      Internal Revenue Bulletin 2010-52


Copyright 2010 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.--ISSN 1089-1536

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--Last Update 12/26/10