IRS Pronouncements--2020--Short List
Small Business Taxes & ManagementTM--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:
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.
The list below includes pronouncements for the first 49 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.
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 49
T.D. 9930 (IRB 2020-49) Sec. 401; updated life expectancy and distribution period for determining minimum required distributions; qualified retirement plans; individual retirement accounts and annuities, certain other tax-favored employer-provided retirement arrangements.
Notice 2020-82 (IRB 2020-49) Contribution to single-employer defined benefit pension plans with extended due date of January 1, 2021 as timely if made no later than January 4, 2021.
Notice 2020-75 (IRB 2020-49) Sec. 164; S corporations and partnerships; deductibility of payments for certain state and local income taxes; non-separately stated income or loss.
For the full text of these rulings, go to Internal Revenue Bulletin 2020-49
Cumulative Listings - 2020
Rev. Rul. 2020-23 (IRB 2019-47) Sec. 403(b); terminated plan; distribution to an individual custodial account; inclusion in gross income.
Rev. Rul. 2020-24 (IRB 2019-45) Reporting and withholding obligations when payment is made from a qualified plan to a state unclaimed property fund.
Rev. Rul. 2020-22 (IRB 2019-45) Applicable federal rates; adjusted federal long-term rate; November, 2020.
Rev. Rul. 2020-21 (IRB 2019-41) Sec. 1.61-21(g); fringe benefits aircraft valuation formula; SIFL cents-per-mile rate; employer-provided aircraft; second half of 2020.
Rev. Rul. 2020-20 (IRB 2019-41) Applicable federal rates; adjusted federal long-term rate; October, 2020; blended rate 2020.
Rev. Rul. 2020-18 (IRB 2019-39) Interest rates on underpayments and overpayments; quarter beginning October 1, 2020.
Rev. Rul. 2020-17 (IRB 2019-37) Sec. 2032A; special use value; farms; interest rates; 2020 interest rates.
Rev. Rul. 2020-16 (IRB 2019-37) Applicable federal rates; adjusted federal long-term rate; September, 2020; blended rate 2020.
Rev. Rul. 2020-15 (IRB 2019-32) Applicable federal rates; adjusted federal long-term rate; August, 2020.
Rev. Rul. 2020-14 (IRB 2019-28) Applicable federal rates; adjusted federal long-term rate; July, 2020; blended rate 2020.
Rev. Rul. 2020-13 (IRB 2019-26) Interest rates on underpayments and overpayments; quarter beginning July 1, 2020.
Rev. Rul. 2020-12 (IRB 2019-24) Applicable federal rates; adjusted federal long-term rate; June, 2020.
Rev. Rul. 2020-11 (IRB 2019-19) Applicable federal rates; adjusted federal long-term rate; May, 2020.
Rev. Rul. 2020-8 (IRB 2019-19) Sec. 6511; 10-year limitations period; claims of refund or overpayment resulting from foreign tax credit carryback arising as a result of a net operating loss carryback from a subsequent year; Rev. Rul. 71-533 suspended entirely; Rev. Rul. 68-150 suspended in party.
Rev. Rul. 2020-10 (IRB 2019-15) Sec. 1.61-21(g); fringe benefits aircraft valuation formula; SIFL cents-per-mile rate; employer-provided aircraft; first half of 2020.
Rev. Rul. 2020-9 (IRB 2019-15) Applicable federal rates; adjusted federal long-term rate; April, 2020.
Rev. Rul. 2020-7 (IRB 2019-12) Interest rates on underpayments and overpayments; quarter beginning April 1, 2020.
Rev. Rul. 2020-6 (IRB 2019-11) Applicable federal rates; adjusted federal long-term rate; March, 2020.
Rev. Rul. 2020-5 (IRB 2020-09) Sec. 1016; adjusted basis of an insurance contract not reduced by cost of insurance; Rev. Proc. 2009-13 and Rev. Rul. 20019-14 reversed; Tax Cuts and Jobs Act addition.
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.
Rev. Proc. 2020-50 (IRB 2020-48) Sec. 168; guidance on Reg. Sec. 1.168(k)-2 and !.1502-68; reliance on proposed regulations under Sec. 168(k)
Rev. Proc. 2020-47 (IRB 2020-48) Gaming Industry Tip Compliance Agreement; GITCA; extending expiration and renewal term of a GITCA from three to five years; Rev. Proc. 2001-32 modified.
Rev. Proc. 2020-45 (IRB 2020-46) Cost-of-living adjustments for 2021; inflation; individual tax rates; standard deduction; alternative minimum tax exemptions and phasehout; qualified transportation fringe; estate and gift taxes.
Rev. Proc. 2020-46 (IRB 2020-45) Sec. 402; rollover of eligible retirement plans; 60-day period; waiver; permissible reasons to self-certify; distribution to state unclaimed property fund; Rev. Proc. 2016-47 modified and updated.
Rev. Proc. 2020-43 (IRB 2020-45) Health reimbursement arrangement; account-based group health plans for plan years beginning after December 31, 2020; inflation adjusted maximum dollar amount.
Rev. Proc. 2020-37 (IRB 2020-33) Sec. 280F; luxury automobiles; depreciation limitation; passenger automobiles (includes trucks and vans) first place in service in 2020; lease inclusion amount.
Rev. Proc. 2020-36 (IRB 2020-32) Sec. 36B; Applicable Percentage Table; calculation of individual's premium tax credit for 2021; required contribution percentage.
Rev. Proc. 2020-34 (IRB 2020-26) Sec. 7701; 677; 1031; Temporary relief to trusts which are, or have tenants who are, experiencing financial hardship; COVID-19; modifications to mortgage loans and lease agreements; acceptance of additional cash contributions.
Rev. Proc. 2020-32 (IRB 2020-24) Sec. 223; Health Savings Accounts; HSA; 2021 inflation adjusted amounts.
Rev. Proc. 2020-29 (IRB 2020-21) Temporary modification of Rev. Proc. 2020-1 to allow for the electronic submission of requests for letter rulings, closing agreements, determination letters, etc.
Rev. Proc. 2020-27 (IRB 2020-20) Sec. 911; foreign earned income exclusion; relief from bona fide residence test and physical presence test; COVID-19 health emergency; qualified individual.
Rev. Proc. 2020-20 (IRB 2020-20) Nonreident individuals; substantial presence test; COVID-19; medical condition exception to exclude up to 60 consecutive days spent in U.S.; claiming benefits under and income tax treaty.
Rev. Proc. 2020-28 (IRB 2020-19) Economic impact payments provided by CARES Act; tax return filing procedures for certain eligible individuals not otherwise required to file 2019 Federal income tax return.
Rev. Proc. 2020-25 (IRB 2020-19) Sec. 168; change of depreciation method; qualified improvement property; QIP; making of late election for certain years.
Rev. Proc. 2020-24 (IRB 2020-18) Sec. 172; net operating losses; NOLs; carryback of losses arising in 2018, 2019, and 2020 back 5 preceding taxable years; election to waive or reduce carryback period; election with respect to income inclusion as a result of Sec. 965.
Rev. Proc. 2020-23 (IRB 2020-18) Sec. 6031; CARES Act; partnerships; relief for 2018 and 2019 centralized partnership audit regime under BBA Act of 2015; amendment of partnership returns; administrative adjustment request; AAR.
Rev. Proc. 2020-22 (IRB 2020-18) Sec. 163; interest limitation deduction; elections to be an electing real property or farming trade or business.
Rev. Proc. 2020-14 (IRB 2020-16) Sec. 911; earned income exclusion; waiver of time requirements for time in foreign country; countries added to waiver countries.
Rev. Proc. 2020-13 (IRB 2020-11) Sec. 263A; taxpayers in farming business; changes by Tax Cuts and Jobs Act; application to certain plants; qualification as a small business under Sec. 448 gross receipts 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.
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.
RegulationsT.D. 9930 (IRB 2020-49) Sec. 401; updated life expectancy and distribution period for determining minimum required distributions; qualified retirement plans; individual retirement accounts and annuities, certain other tax-favored employer-provided retirement arrangements.
Proposed RegulationsREG-107911-18 (IRB 2020-40) Sec. 163; supplement to T.D. 9905; limitations with respect to pass-through entities; regulated investment companies; shareholders of controlled foreign corporation; real property development.
NoticesNotice 2020-82 (IRB 2020-49) Contribution to single-employer defined benefit pension plans with extended due date of January 1, 2021 as timely if made no later than January 4, 2021.
Notice 2020-69 (IRB 2020-39) IRS intends to issue regulations; Secs. 951, 951A as applicable to certain S corporations with accumulated earnings and profits; intent to issue regulations addressing treatment of qualified improvement property under alternative depreciation system; TCJA.
Notice 2020-68 (IRB 2020-38) Guidance on various provisions of SECURE Act of 2019 and Bipartisan American Minders Act of 2019.
Notice 2020-65 (IRB 2020-38) Sec. 7508A; expedited guidance; postpone the time for withholding and paying certain payroll taxes; Presidential Memorandum; taxes on wages paid between September 1, 2020 and December 31, 2020.
Notice 2020-60 (IRB 2020-36) Sec. 430; election of alternative minimum funding standards for defined benefit pension plans sponsored by community newspapers added by SECURE Act.
Notice 2020-62 (IRB 2020-35) Sec. 402; modification of two safe harbor explanations in Notice 2018-74 to be provided to eligible rollover distributons; changes made by SECURE Act.
Notice 2020-61 (IRB 2020-35) Sec. 436; single-employer defined benefit plans under sec. 3608 of CARES Act; 2020 payment requirement to be made by January 1, 2021.
Notice 2020-58 (IRB 2020-34) Sec. 47; relief from deadline; qualified rehabilitation expenditures; QRE; qualified rehabilitated building; QRB; placed in service.
Notice 2020-54 (IRB 2020-31) Requirement to report qualified sick leave wages and qualified family leave wages paid under Families First Coronavirus Response Act; W-2 or separate statement; reporting for self-employed individuals; claiming qualified sick leave equivalent.
Notice 2020-53 (IRB 2020-30) Sec. 42; 142; 147; temporary relief; qualified low-income housing projects; qualified residential rental properties.
Notice 2020-51 (IRB 2020-29) Required minimum distributions for 2020; RMDs; CARES Act; rollover relief; 60-day rollover period extended to August 31, 2020; sample amendment; repayments to inherited IRAs.
Notice 2020-50 (IRB 2020-28) Sec. 72; CARES Act; distributions from eligible retirement plans; COVID-19 related distributions; 10 percent additional tax; 3-year period for repayment to avoid inclusion in income; suspension of repayment of plan loans.
Notice 2020-49 (IRB 2020-27) Sec. 45D; due dates for making investments, making reinvestments, and expending amounts for construction of real property due to be performed on or after April 1, 2020 and before December 31, 2020 postponed until December 31, 2020.
Notice 2020-46 (IRB 2020-27) Income and employment tax treatment of cash payments made by employers under leave-based donation programs in aid of COVID-19 victims.
Notice 2020-43 (IRB 2020-27) Partners and certain other persons; reporting of capital accounts on Schedule K-1; partnership taxable years ending on or after December 31, 2020; methods of reporting limited.
Notice 2020-42 (IRB 2020-26) Sec. 401; qualified retirement plans; participants, beneficiaries, administrators; temporary relief from physical presence; witnessing of documents; facilitate distributions and plan loans; COVID-19; CARES Act.
Notice 2020-39 (IRB 2020-26) Sec. 7508A; qualified opportunity funds; QOF; COVID-19; certain relief provisions of Sec. 1400Z.
Notice 2020-33 (IRB 2020-25) Postponement of certain time-sensitive actions with respect to certain employment taxes, employee benefit plans, exempt organizations, and Coverdell education savings accounts; COVID-19 pandemic.
Notice 2020-33 (IRB 2020-22) Sec. 125; carryover amount 20 percent of maximum salary reduction amount; for 2020 carryover amount increased from $500 to $550.
Notice 2020-29 (IRB 2020-22) Sec. 125; cafeteria plans; COVID-19; flexibility; mid-year elections; during calendar year 2020; employer-sponsored health coverage; health Flexible Spending Arrangements; FSAs; dependent care assistance programs; increased flexibility with respect to grace periods to apply unused amounts; telehealth services.
Notice 2020-25 (IRB 2020-22) Sec. 103; 141 through 150; temporary expansion of circumstances and time periods; tax-exempt bond purchased by state or local governmental issuer treated as continuing in effect.
Notice 2020-34 (IRB 2020-21) Sec. 45I; reference price for qualified natural gas production for qualified marginal wells.
Notice 2020-32 (IRB 2020-21) Loan forgiveness under CARES Act; guidance regarding nondeductibility of financed costs.
Notice 2020-31 (IRB 2020-19) Inflation adjustment factor and phase-out amount for enhanced oil recovery credit for taxable years beginning in 2020; 2019 calendar year price; phased out completely.
Notice 2020-30 (IRB 2020-19) Sec. 631A; applicable percentage for determining percentage deplection from marginal wells for 2020 is 15 percent.
Notice 2020-28 (IRB 2020-19) Sec. 43; 45; 45K; 631A; reference price; enhanced oil recovery credit; marginal well production credit for qualified crude oil production; percentage depletion from marginal wells.
Notice 2020-26 (IRB 2020-18) Sec. 6411; Net operating losses; NOLs; changes made by CARES Act; tentative carryback adjustment; taxable years beginning before calendar year 2018.
Notice 2020-23 (IRB 2020-18) Selected tax filings and payments delayed to July 15; specified time-sensitive actions also postponed; Notice 2020-18 and Notice 2020-20 amplified.
Notice 2020-22 (IRB 2020-17) Sec. 6302; failure to make a deposit of employment taxes; Families First Coronavirus Response Act; qualified sick leave; qualified family leaves wages; employment tax deposits in anticipation of credits.
Notice 2020-21 (IRB 2020-16) Sec. 3111; 3221; Families First Coronavirus Response Act; tax credits for qualified sick leave wages and qualified family leave wages; credit against employment taxes; certain self-employed individuals.
Notice 2020-20 (IRB 2020-16) Sec. 7508A; tax relief; due date for filing give and generation-skipping transfer tax returns due April 15; associated interest, penalties, and additions to tax for late payment suspended; Coronavirus Disease; Notice 2020-18 amplified.
Notice 2020-18 (IRB 2020-15) Sec. 7508A; due date extensions for tax returns from April 15, 2020 to July 15, 2020; suspension of associated interest, additions to tas, late payment penalties; Notic 2020-17 superseded.
Notice 2020-17 (IRB 2020-15) Sec. 7508A; due date extensions for tax returns from April 15, 2020 to July 15, 2020; suspension of associated interest, additions to tas, late payment penalties.
Notice 2020-13 (IRB 2020-11) Sec. 911; exclusion from gross income of foreign housing cost amount.
Notice 2020-6 (IRB 2020-7) Reporting by financial institutions; notification to owners of IRAs; required minimum distribution; RMD; increase in age triggering RMD to 72.
Notice 2020-5 (IRB 2020-4) Sec. 61; standard mileage rates for 2020; cost of operating motor vehicle for business, charitable, medical or moving purposes; reduction to basis for deemed depreciation; maximum fair market value of employer-provided autos for personal use; fleet-average valuation rule; cents-per-mile valuation rule.
Announcement 2020-17 (IRB 2020-40) Sec. 4971; excise taxes; postpone until January 15, 2021 reporting and paying; minimum required contributions to single employer defined benefit plan.
Announcement 2020-11 (IRB 2020-33) Corrections to T.D. 9900; Sec. 172; CARES Act; carryback provisions related to net operating losses; extension of carryback period.
Announcement 2020-10 (IRB 2020-33) United States-Mexico-Canada Agreement; USMCA; references to North American Free Trade Agreement; NAFTA; tax treaty United States and Switzerland.
Announcement 2020-5 (IRB 2020-19) Connecticut homeowners; financial assistance from Connecticut Foundation Solutions Indemnity Company; premature deterioration of concrete foundations; mineral pyrrhotite.
Action On Decision
Action on Decision 2020-3 (IRB 2020-17) Sec. 7811; acquiescence to the holding that the term “taxpayer” interpreted to include a wrongful-levy claimant. Nonacquiescence to the holding that suspends the running of the limitations periods for third-parties to file wrongful levy claims or suits. Rothkamm; (5th Cir. 2015).
Links to Individual Bulletins
Internal Revenue Bulletin 2020-1 Internal Revenue Bulletin 2020-27
Internal Revenue Bulletin 2020-2 Internal Revenue Bulletin 2020-28
Internal Revenue Bulletin 2020-3 Internal Revenue Bulletin 2020-29
Internal Revenue Bulletin 2020-4 Internal Revenue Bulletin 2020-30
Internal Revenue Bulletin 2020-5 Internal Revenue Bulletin 2020-31
Internal Revenue Bulletin 2020-6 Internal Revenue Bulletin 2020-32
Internal Revenue Bulletin 2020-7 Internal Revenue Bulletin 2020-33
Internal Revenue Bulletin 2020-8 Internal Revenue Bulletin 2020-34
Internal Revenue Bulletin 2020-9 Internal Revenue Bulletin 2020-35
Internal Revenue Bulletin 2020-10 Internal Revenue Bulletin 2020-36
Internal Revenue Bulletin 2020-11 Internal Revenue Bulletin 2020-37
Internal Revenue Bulletin 2020-12 Internal Revenue Bulletin 2020-38
Internal Revenue Bulletin 2020-13 Internal Revenue Bulletin 2020-39
Internal Revenue Bulletin 2020-14 Internal Revenue Bulletin 2020-40
Internal Revenue Bulletin 2020-15 Internal Revenue Bulletin 2020-41
Internal Revenue Bulletin 2020-16 Internal Revenue Bulletin 2020-42
Internal Revenue Bulletin 2020-17 Internal Revenue Bulletin 2020-43
Internal Revenue Bulletin 2020-18 Internal Revenue Bulletin 2020-44
Internal Revenue Bulletin 2020-19 Internal Revenue Bulletin 2020-45
Internal Revenue Bulletin 2020-20 Internal Revenue Bulletin 2020-46
Internal Revenue Bulletin 2020-21 Internal Revenue Bulletin 2020-47
Internal Revenue Bulletin 2020-22 Internal Revenue Bulletin 2020-48
Internal Revenue Bulletin 2020-23 Internal Revenue Bulletin 2020-49
Internal Revenue Bulletin 2020-24
Internal Revenue Bulletin 2020-25
Internal Revenue Bulletin 2020-26
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
--Last Update 11/28/20