IRS Pronouncements--2020--Short List

Small Business Taxes & Management^TM--Copyright 2020, 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, 2020. Because the IRS is no longer indexing the contents of the bulletins as in the past, beginning with 2015 we have created two indicies--this one is 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. Because it does not contain items of interest to insurance companies, banks, etc. the list is shorter and easier to review. For a list of all pronouncements go to IRS Pronouncements--2020. For a abbreviated, similar listing for prior years, go to:

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 8 bulletins of 2020.

• Entries for each section are in the order they appear in the bulletins.

• Go to our Abbreviations page for details on any abbreviations.

• Quick link to Individual Bulletins for 2020

• 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-20-xx.pdf
For Revenue Procedures-- www.irs.gov/pub/irs-drop/rp-20-xx.pdf
For Notices-- www.irs.gov/pub/irs-drop/n-20-xx.pdf

The xx must be at least two digits. Thus, Revenue Ruling 5 for 2020 would be: www.irs.gov/pub/irs-drop/rr-20-05.pdf   For prior years, change the 20 to the appropriate year (available years vary).

New Additions - Bulletin 8

Rev. Rul. 2020-4 (IRB 2020-08) Sec. 42; computing income limits applicable to low-income housing credit; new minimum set-aside test; average income test.

Rev. Proc. 2020-8 (IRB 2020-8) Form 1023; application for recognition of exemption organization; Sec. 501; electronic submission process; Rev. Proc. 2020-5 modified.

T.D. 9891 (IRB 2020-8) Sec. 721; transfers of appreciated property by U.S. persons to partnerships with related foreign partners; finalize REG-127203-15.

For the full text of these rulings, go to Internal Revenue Bulletin 2020-7

Cumulative Listings - 2020

Revenue Rulings

Rev. Rul. 2020-4 (IRB 2020-08) Sec. 42; computing income limits applicable to low-income housing credit; new minimum set-aside test; average income test.
Rev. Rul. 2020-3 (IRB 2020-07) Applicable federal rates; adjusted federal long-term rate; February, 2020
Rev. Rul. 2020-1 (IRB 2019-03) Applicable federal rates; adjusted federal long-term rate; January, 2020.

Revenue Procedures

Rev. Proc. 2020-8 (IRB 2020-8) Form 1023; application for recognition of exemption organization; Sec. 501; electronic submission process; Rev. Proc. 2020-5 modified.
Rev. Proc. 2020-11 (IRB 2020-6) Sec. 108; income from discharge of indebtedness; Federal or private student loans to finance; discharge not taxable for certain students where schools closed.
Rev. Proc. 2020-9 (IRB 2020-2) Sec. 401; amendments which are treated as integral to a plan provision that fails to satisfy qualification requirements of Code; recent regulations under Sec. 401(k), 401(m); hardship distributions of elective deferrals; interim amendment for pre-approved plans.
Rev. Proc. 2020-7 (IRB 2020-1) Areas of IRC under jurisdiction of Associate Chief Counsel (International); IRS will not issue determination letters or letter rulings.
Rev. Proc. 2020-5 (IRB 2020-1) Procedures for issuing determination letters; issues under jurisdiction of 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. 2020-4 (IRB 2020-1) Revised procedures; determination letters and letter rulings issued by the Commissioner; Tax Exempt and Government Entities; Employee Plans Rulings and Agreements; Rev. Procs. 2019-4 superseded.
Rev. Proc. 2020-3 (IRB 2020-1) 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. 2019-3 superseded.
Rev. Proc. 2020-2 (IRB 2020-1) Procedures for Technical advice memoranda; TAMS; taxpayer rights when field office requests TAMS; Rev. Proc. 2019-2 superseded.
Rev. Proc. 2020-1 (IRB 2020-1) 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. 2019-1 superseded.

Regulations

Proposed Regulations

Notices

Announcements

None

Action On Decision

None

       Links to Individual Bulletins

Internal Revenue Bulletin 2020-1
Internal Revenue Bulletin 2020-2
Internal Revenue Bulletin 2020-3
Internal Revenue Bulletin 2020-4
Internal Revenue Bulletin 2020-5
Internal Revenue Bulletin 2020-6
Internal Revenue Bulletin 2020-7
Internal Revenue Bulletin 2020-8

Copyright 2020 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 02/15/20