IRS Pronouncements--2023

Small Business Taxes & Management^TM--Copyright 2023, 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, 2023. 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--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 22 bulletins of 2023.

• 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 2023

• 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-23-xx.pdf
For Revenue Procedures-- www.irs.gov/pub/irs-drop/rp-23-xx.pdf
For Notices-- www.irs.gov/pub/irs-drop/n-23-xx.pdf

The xx must be at least two digits. Thus, Revenue Ruling 5 for 2023 would be: www.irs.gov/pub/irs-drop/rr-23-05.pdf   For prior years, change the 23 to the appropriate year (available years vary).

New Additions - Bulletin 22

Rev. Proc. 2023-23 (IRB 2023-22) Sec. 223; Health Savings Accounts; HSAs; inflation adjusted maximum contribution for 2024; health reimbursement arrangements; HRAs

Notice 2023-40 (IRB 2023-22) Corporate bond monthly yield curve May 2023; Sec. 417; 430; interest rate on 30-year Treasury securities.
Notice 2023-39 (IRB 2023-22) Sec. 103; 148; intention to issue proposed regulations; exception to arbitrae investment restrictions; tax-exempt bonds; perpetual trust funds.
Notice 2023-38 (IRB 2023-22) General rules for domestic content bonus credit amounts; manufactured product adjusted percentage rule; safe harbor for certain components; retrofited projects; energy projects; energy storage.

For the full text of these rulings, go to Internal Revenue Bulletin 2023-22

Cumulative Listings - 2023

Revenue Rulings

Rev. Rul. 2023-9 (IRB 2023-19) Applicable federal rates; adjusted federal long-term rate; May, 2023.
Rev. Rul. 2023-8 (IRB 2023-18) Deductibility of research or experimental expenditures for taxable years where expense method applicable; Rev. Rul. 58-74 obsolete.
Rev. Rul. 2023-2 (IRB 2023-16) Sec. 1014; basis adjustment on death of asset owner does not apply to assets of irrevocable grantor trust if assets not included in grantor's gross estate.
Rev. Rul. 2023-7 (IRB 2023-15) Sec. 61; fringe benefits; terminal charge; aircraft valuation formula; SIFL; Standard Industry Fare Level first half 2023.
Rev. Rul. 2023-6 (IRB 2023-14) Applicable federal rates; adjusted federal long-term rate; April, 2023.
Rev. Rul. 2023-4 (IRB 2023-10) Applicable federal rates; adjusted federal long-term rate; March, 2023.
Rev. Rul. 2023-4 (IRB 2023-9) Interest rates on underpayments and overpayments; quarter beginning April 1, 2023.
Rev. Rul. 2023-3 (IRB 2023-6) Applicable federal rates; adjusted federal long-term rate; February, 2023.
Rev. Rul. 2023-1 (IRB 2023-1) Applicable federal rates; adjusted federal long-term rate; January, 2023.

Revenue Procedures

Rev. Proc. 2023-23 (IRB 2023-22) Sec. 223; Health Savings Accounts; HSAs; inflation adjusted maximum contribution for 2024; health reimbursement arrangements; HRAs
Rev. Proc. 2023-12 (IRB 2023-19) Sec. 143; 25; issuers of qualified mortgage bonds; mortgage credit certificates; average purchase prices for residences; average area purchase price safe harbors for residences.
Rev. Proc. 2023-21 (IRB 2023-19) Sec. 842; domestic asset/liability percentages; investment yields needed by foreign life and property and liability insurance companies; minimum effectively connected net investment income.
Rev. Proc. 2023-15 (IRB 2023-18) Natural gas transmission and distribution property; safe harbor method of accounting; capitalize or expense repairs, maintenance, replacement, improvements; linear vs. non-linear property.
Rev. Proc. 2023-12 (IRB 2023-17) Form 8950; electronic submission process; 90-day transition relief period; Rev. Proc. 2023-5 modified.
Rev. Proc. 2023-20 (IRB 2023-15) Sec. 4672; list of taxable substances; Rev. Proc. 2022-26 modified.
Rev. Proc. 2023-19 (IRB 2023-13) Sec. 911; U.S. citizens living and working abroad; bona fide physical presence test; Ethiopia, Iraq, Ukraine, Belarus, China and Mali added to the list of waiver countries for 2022.
Rev. Proc. 2023-18 (IRB 2023-13) Certified Professional Employer Organization; CPEO; requirements for applying and to remain certified; Rec. Procs. 2016-33 and 2017-14; modified and superseded.
Rev. Proc. 2023-17 (IRB 2023-13) Sec. 4980H; indexed adjustments to calculate employer shared responsibility payments.
Rev. Proc. 2023-13 (IRB 2023-13) Specifications for substitute Form 841; Schedule B, D; Rev. Proc. 2022-15 superseded.
Rev. Proc. 2023-9 (IRB 2023-7) Sec. 446; 460; 461; 481; new rules and conditions for implementing the optional safe harbor method of account for real estate developers; when common improvement costs may be included in basis; determining gain or loss; Rev. Proc. 92-29 obsoleted.
Rev. Proc. 2023-14 (IRB 2023-6) Sec. 280F; depreciation limits passenger automobiles (including trucks and vans); lease income inclusion amount.
Rev. Proc. 2023-11 (IRB 2023-3) Sec. 446; automatic consent to change methods of accounting for specified research or experimental expenditures; comply with Sec. 174; Rev. Proc. 2023-8 modified and superseded.
Rev. Proc. 2023-10 (IRB 2023-3) Sec. 832; 846; insurance companies; loss payment patterns for 2022 determination year; discount factors for 2022 accident year; unpaid losses.
Rev. Proc. 2023-8 (IRB 2023-3) Sec. 446; automatic consent to change methods of accounting for specified research or experimental expenditures; comply with Sec. 174; Rev. Proc. 2022-14 modified.
Rev. Proc. 2023-7 (IRB 2023-1) Areas in which rulings will not be issued, Associate Chief Counsel (International).
Rev. Proc. 2023-5 (IRB 2023-1) Procedures for isuing determination letters on issues under the jurisdiction of Director, Exempt Organizations; user fees for requests.
Rev. Proc. 2023-4 (IRB 2023-1) 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. 2023-3 (IRB 2023-1) 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. 2022-3 superseded.
Rev. Proc. 2023-2 (IRB 2023-1) Procedures for Technical advice memoranda; TAMS; taxpayer rights when field office requests TAMS; Rev. Proc. 2022-2 superseded.
Rev. Proc. 2023-1 (IRB 2023-1) 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. 2021-1 superseded.

Regulations

Proposed Regulations

Notices