Small Business Taxes & Management

IRS Pronouncements--2025

Note. The list below contains a synopses of revenue rulings, revenue procedures, notices, announcements and regulations beginning with those issued January 1, 2025. 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--2024
IRS Pronouncements--2023
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 29 bulletins of 2025.
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 2025
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-25-xx.pdf
For Revenue Procedures-- www.irs.gov/pub/irs-drop/rp-25-xx.pdf
For Notices-- www.irs.gov/pub/irs-drop/n-25-xx.pdf

The xx must be at least two digits. Thus, Revenue Ruling 5 for 2025 would be: www.irs.gov/pub/irs-drop/rr-25-05.pdf For prior years, change the 25 to the appropriate year (available years vary).

New Additions - Bulletin 29

Anno9ncement 2025-19 (7RB 2025-29) No articles submitted for publication for IRB 2025-29.

For the full text of these rulings, go to Internal Revenue Bulletin 2025-29

NOTE!--When searching for references to the Coronavirus, use COVID-19 instead.

Cumulative Listings - 2025

Revenue Rulings

Rev. Rul. 2025-13 (IRB 2025-28) Applicable federal rates; adjusted federal long-term rate; July, 2025.
Rev. Rul. 2025-12 (IRB 2025-23) Applicable federal rates; adjusted federal long-term rate; June, 2025.
Rev. Rul. 2025-11 (IRB 2025-23) Interest rates on underpayments and overpayments; quarter beginning July 1, 2025.
Rev. Rul. 2025-10 (IRB 2025-19) Applicable federal rates; adjusted federal long-term rate; May, 2025.
Rev. Rul. 2025-9 (IRB 2025-16) Sec. 61; fringe benefits; terminal charge; aircraft valuation formula; SIFL; Standard Industry Fare Level first half 2025.
Rev. Rul. 2025-8 (IRB 2025-15) Applicable federal rates; adjusted federal long-term rate; April, 2025.
Rev. Rul. 2025-7 (IRB 2025-13) Interest rates on underpayments and overpayments; quarter beginning April 1, 2025.
Rev. Rul. 2025-6 (IRB 2025-11) Applicable federal rates; adjusted federal long-term rate; March, 2025.
Rev. Rul. 2025-5 (IRB 2025-7) Applicable federal rates; adjusted federal long-term rate; February, 2025.
Rev. Rul. 2025-4 (IRB 2025-7) Guidance regarding income and employment tax treatment of contributions and benefits paid in certain state paid family and medical leave programs; requirement for plans; mandatory paid family and medical leave plrograms.
Rev. Rul. 2025-3 (IRB 2025-4) Sec. 7436; application of Section 530 of Revenue Act of 1978; Notice of Employment Determination; several factual situations.
Rev. Rul. 2025-2 (IRB 2025-3) Sec. 401; tables of covered compensation.
Rev. Rul. 2025-1 (IRB 2025-3) Applicable federal rates; adjusted federal long-term rate; January, 2025.

Revenue Procedures

Rev. Proc. 2025-23 (IRB 2025-24) Changes in accounting method; List of Automatic Procedures; guidance for taxpayer-initiated requests.
Rev. Proc. 2025-21 (IRB 2025-22) Rev. Proc. 2024-32 modified; mortaliy tables; plan specific substitute mortality tables.
Rev. Proc. 2025-20 (IRB 2025-22) Sec. 842; domestic asset/liability percentages and investment yields needed by foreign life insurance and property and liability insurance companies.
Rev. Proc. 2025-19 (IRB 2025-21) Sec. 223; Health Savings Accounts; HSAs; inflation adjusted amounts for 2026; maximum amount; health reimbursement arrangements; HRAs.
Rev. Proc. 2025-18 (IRB 2025-19) Nationwide average purchase price of residences; issuers of qualified mortgage bonds and mortgage credit certificates.
Rev. Proc. 2025-17 (IRB 2025-13) Sec. 911; foreign earned income exclusion; waiver of time requirement for individuals who must leave a foreign country because of war, civil unrest, or similar adverse conditions; Ukraine, Iraq, Haiti, and Bangladesh added to list.
Rev. Proc. 2025-16 (IRB 2025-11) Sec. 280F; depreciation limitations for autos and trucks and vans placed in service in 2025; lease inclusion table.
Rev. Proc. 2025-15 (IRB 2025-11) Sec. 832; 846; discount factors for 2024 accident year for insurance companies computing discounted unpaid losses.
Rev. Proc. 2025-13 (IRB 2025-8) Sec. 831; alternative tax under 831(b); streamlined method to obtain automatic consent to revoke election.
Rev. Proc. 2025-14 (IRB 2025-7) Sec. 45Y; annual table greenhouse gas emissions rates for different types of facilities; eligibility for credits.
Rev. Proc. 2025-6 (IRB 2025-6) Sec. 6417; 6033; 6011; no requirement to file either a federal income tax return or annual information return; election to change annual accounting period.
Rev. Proc. 2025-12 (IRB 2025-4) Rev. Proc. 2025-1 modified to reflect correct user fee for requests for tax treaty limitation of benefits determination; Rev. Proc. 2025-1 modified.
Rev. Proc. 2025-11 (IRB 2025-4) Sec. 48E; procedural and clarifying guidance; low-income communities bonus credit; Capacity Limitation.
Rev. Proc. 2025-10 (IRB 2025-4) Section 530 of Revenue Act of 1978; clarify definition of employee; timeliness requirement for filing required returns; reasonable basis safe harbor; Rev. Proc. 85-18 modified and superseded.
Rev. Proc. 2025-9 (IRB 2025-4) Sec. 5000D; excise tax on designated drugs; safe harbor percentage for sales.
Rev. Proc. 2025-8 (IRB 2025-3) Sec. 446; procedures for obtaining automatic consent to change methods of accounting for research or experimental expenditures paid in taxable years beginning after December 31, 2021; Rev. Proc. 2024-23 modified.
Rev. Proc. 2025-7 (IRB 2025-1) Areas in which rulings will not be issued, Associate Chief Counsel (International).
Rev. Proc. 2025-5 (IRB 2025-1) Procedures for isuing determination letters on issues under the jurisdiction of Director, Exempt Organizations; user fees for requests.
Rev. Proc. 2025-4 (IRB 2025-1) Update of Rev.Proc. 2023-4; 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. 2025-3 (IRB 2025-1) 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. 2024-3 updated.
Rev. Proc. 2025-2(IRB 2025-1) Procedures for Technical advice memoranda; TAMS; taxpayer rights when field office requests TAMS; Rev. Proc. 2024-2 superseded.
Rev. Proc. 2025-1 (IRB 2025-1) 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. 2024-1 superseded.

Regulations

T.D. 10023 (IRB 2025-13) Sec. 45V; credit for the production of clean hydrogen; how to claim the credit; treatment of property under Sec. 46 and 48.
T.D. 10024 (IRB 2025-12) Sec. 45Y; 48E; clean electricity production credit; clean electricity investment credit; greenhouse gas emissions.
T.D. 10030 (IRB 2025-11) Sec. 7803; consideration of a Federal tax controversy by the Independent Office of Appeals is generally available to all taxpayers; list of exceptions to Appeals consideration.
T.D. 10029 (IRB 2025-9) Identification of transactions that are the same as, or substantially similar to, certain micro-captive transactions as listed transactions; reportable transactions; transactions of interest.
T.D. 10027 (IRB 2025-9) Sec. 2801; imposition of tax on certain gifts and bequests from covered explatriates; domestic and foreign trusts that elect to be treated as domestic trusts.
T.D. 10026 (IRB 2025-9) Sec. 1503; dual consolidated loss; DCL; disregarded playments; deductions for foreign tax purposes and potential double non-taxation of income.
T.D. 10022 (IRB 2025-8) Sec. 7805; rules for classifying transactions involving computer programs; transfers of digital content; classification of cloud transactions.
T.D. 10028 (IRB 2025-6) Partnership related party basis adjustment transactions; transactions of interest; reportable transaction; IRS disclosure requirements; material advisors.
T.D. 10017 (IRB 2025-5) Sec. 6751; timing of supervisory approval of penalties; three rules depending on circumstances; definitions.
T.D. 10019 (IRB 2025-4) Premium Tax Credit; amend definition of coverage month; certain other rules; eligibilityfor acoverage under a State's Basic Health Program.
T.D. 10018 (IRB 2025-4) Amendment to consolidated return regulations; controlled group of corporations; statutory changes, modernize language, enhance clarity.
T.D. 10020 (IRB 2025-3) Sec. 150; when tax exempt bonds are treated as retired for purposes of Sec. 103 and 141 through 150; regulations under Sec. 1001 amended.
T.D. 10016 (IRB 2025-3) Final regulations provide an election to treat all items of a qualified business unit as marked items (subject to a loss suspension rule); an election to recognize all foreigncurrency gain or loss with respect to a qualified business unit on an annual basis; a new transition rule, and certain other rules.

Proposed Regulations

REG 112261-24 (IRB 2025-10) Sec. 355; 368; guidance regarding matters related to corporate separations and reorganizations for nonrecognition of gain or loss; distributions and retentions of controlled corporation stock; assumption of liabilities, exchanges of property, etc.
REG 107895.24 (IRB 2025-9) Guidance regarding the base erosion and anti-abuse tax imposed on certain largecorporate taxpayers with respect to certain payments madeto foreign related parties.
REG 110878-24 (IRB 2025-9) Withdrawal of notice of proposed rulemaking filed in the Federal Register on October 28, 2024 regarding coverage of certain preventive services under the Affordable Care Act.
REG 101268-24 (IRB 2025-8) Sec. 414; guidance for retirement plans that permit participants 50 or older to make additional elective deferrals; catch-up contributions; amending Secs. 401(k); 403(b) and 414(v).
REG 107420-24 (IRB 2025-8) Sourcing of income from cloud transactions for purposes of international provisions of Code.
REG 116085-23 (IRB 2025-8) Sec. 355; require multi-year tax reporting for corporate separations and related transactions; qualification for nonrecognition treatment.
REG 118988-22 (IRB 2025-8) Sec. 162; $1,000,000 limitation on deduction for employee remuneration paid by public corporation; definition of covered employee; five highest paid employees.
REG 100669-24 (IRB 2025-8) Change by SECURE 2.0 Act; automatic enrollment of eligible employees for certain plans; exception for plans established before December 29, 2022; change in notice requirements that include eligible automatic contribution arrangements.
REG 124930-21 (IRB 2025-7) Withdrawal of propsoe rulemaking; coverage of certain preventive services under the Affordable Care Act.
REG 123523-23 (IRB 2025-6) Sec. 45W; credit for qualified commercial clean vehicle placed in service; vehicle credit eligibility; credit amount; credit reporting.
REG 115560-23 (IRB 2025-6) Sec. 5000D; excise tax on sales of designated drugs; proposed rules; imposition and calculation of tax.
REG 105479-18 (IRB 2025-5) Proposed regulations regarding previously taxed earnings and profits of foreign corporations; related basis adjustments.
REG 116610-20 (IRB 2025-5) Proposed amendments to the regulations governing practice before the IRS; contingent fee arrangements; new standards for appraisals; and update certain provisions.
REG 134420-10 (IRB 2025-4) Clarify Reg. Sec. 1.1502-80(d) to clarify non-applicability of Sec. 357(c) to consolidated groups.
REG 117213-24 (IRB 2025-3) Requirement to recognize taxable income or loss and foreign currency gain or loss; qualified business unit; election intended to reduce the compliance burden for certain disregarded transactions.

Notices

Notice 2025-31 (IRB 2025-28) Sec. 45; 45Y; 48; 48C; 48E; energy community bonus credit amounts; information under Statistical Area Category or the Coal Closure Category Brownfield Category.
Notice 2025-35 (IRB 2025-27) Corporate bond monthly yield curve spot segment rates May 2025; Sec. 417; 430; average segment rates June 2025 interest rate on 30-year Treasury securities.
Notice 2025-34 (IRB 2025-27) Sec. 45I; applicable reference price for qualified natural gas production from qualified marginal wells for tax years beginning in 2025.
Notice 2025-33 (IRB 2025-27) Backup withholding on digital assets by brokers; Notice 2024-56; transitional relief.
Notice 2025-32 (IRB 2025-27) Sec. 38; 43; enhanced oil recovery credit; inflation adjustment; taxable years beginning in 2025.
Notice 2025-30 (IRB 2025-26) Sec. 45; renewable electricity production credit; 2025 inflation adjustment factor.
Notice 2025-27 (IRB 2025-26) Sec. 59; corporate alternative minimum tax; CAMT; optional simiplified method for determining applicable corporations status; Sec. 59(k).
Notice 2025-29 (IRB 2025-23) Corporate bond monthly yield curve spot segment rates April 2025; Sec. 417; 430; average segment rates May 2025 interest rate on 30-year Treasury securities.
Notice 2025-26 (IRB 2025-20) Sec. 43; 45K; reference price; enhanced oil recovery credit; marginal well production credit; percentage depletion for marginal wells.
Notice 2025-25 (IRB 2025-20) Sec. 45Q; inflation adjustment factor for carbon oxide sequestration credit.
Notice 2025-24 (IRB 2025-19) Relief from penalties under Sec. 6707A and 6707(a) for participants in and material advisors to micro-captive reportable transactions for disclosure statements to be filed with the Office of Tax Shelter Analysis (OTSA); July 31, 2025 filing deadline.
Notice 2025-23 (IRB 2025-19) Notice informing taxpayers and material advisors that final regulations regarding certain partnership related-party basis adjustment transactions will be withdrawn; Notice 2024-54 revoked.
Notice 2025-22 (IRB 2025-19) Process of eliminating extraneous and unnecessary Internal Revenue Bulletin guidance.
Notice 2025-21 (IRB 2025-19) Corporate bond monthly yield curve spot segment rates March 2025; Sec. 417; 430; average segment rates April 2025 interest rate on 30-year Treasury securities.
Notice 2025-20 (IRB 2025-19) Sec. 613; percantage depletion marginal oil and gas properties for 2025.
Notice 2025-19 (IRB 2025-17) IRS requests recommendations for the 2025-2026 Priority Guidance Plan.
Notice 2025-18 (IRB 2025-16) Sec. 42; 142; 146; Resident population of 50 states; state housing credit ceiling; plrivate activity bond volume cap.
Notice 2025-17 (IRB 2025-14) Corporate bond monthly yield curve spot segment rates February 2025; Sec. 417; 430; average segment rates March 2025 interest rate on 30-year Treasury securities.
Notice 2025-15 (IRB 2025-11) Sec. 6055; 6056; alternative manner of furnishing certain health insurance coverage statements to individuals.
Notice 2025-14 (IRB 2025-10) Corporate bond monthly yield curve spot segment rates January 2025; Sec. 417; 430; average segment rates December 2025 interest rate on 30-year Treasury securities.
Notice 2025-12 (IRB 2025-8) Indexing factors for group health plans and health insurance issuers to calculate qualifying payment amount; QPA; balanced billing protections.
Notice 2025-8 (IRB 2025-8) Solar photovoltaic (PV) facilities; exlpanding elective safe harbor cost table; battery electric storage system table; Notice 2023-38 modified; Notice 2024-41 modified and superseded.
Notice 2025-6 (IRB 2025-8) Sec. 861; request for comments on characterization rules.
Notice 2025-13 (IRB 2025-6) Corporate bond monthly yield curve spot segment rates December 2024; Sec. 417; 430; average segment rates January 2025 interest rate on 30-year Treasury securities.
Notice 2025-11 (IRB 2025-6) Guidance about emissions rates, initial emission rate table for clean fuel production credit.
Notice 2025-10 (IRB 2025-6) Sec. 45Z; proposed regulations; clean fuel production credit.
Notice 2025-9 (IRB 2025-6) Sec. 45W; safe harbors regarding incremental cost and retail price equivalent of certain qualified commercial clean vehicles.
Notice 2025-7 (IRB 2025-5) Sec. 1012; temporary relief; reliance on alternative methods of adequate identification with respect to units of digital assets held by a broker.
Notice 2025-3 (IRB 2025-4) DeFi brokers; transitional relief from backup withholding tax liability and penalties; sales of digital asset during calendar year 2027; other changes. Notice 2025-5 (IRB 2025-3) Standard mileage rates; deductible costs of operating an auto for business, charitable, medical or moving purposes; basis reduction for depreciation under standard mileage rates; fixed and variable rate; maximum fair market value of employer provided automobiles; fleet-average valuation rule; vehicle cents-opler-mile valuation.
Notice 2025-4 (IRB 2025-3) Sec. 482; intention to issue proposed regulations new simplified and stremlined approach; SSA; for pricing certain controlled transactions involving baseline marketing and distribution activities.
Notice 2025-2 (IRB 2025-3) Form 8308; relief from certain penalties; failure of a partnership with unrealized receivables or inventory items to furnish Part IV; transfers of partnership interests occurring in calendar 2024.
Notice 2025-1 (IRB 2025-3) Corporate bond monthly yield curve December 2024; Sec. 417; 430; interest rate on 30-year Treasury securities; spot segment rates for November 2024.

Announcements

Anno9ncement 2025-19 (7RB 2025-29) No articles submitted for publication for IRB 2025-29.
Announcement 2025-18 (7RB 2025-26) Sec. 501; organizations no longer qualifying as 501(c)(3) for failure to meet code section requirements; contributions by individual donors no longer deductible.
Announcement 2025-17 (7RB 2025-26) Sec. 501(c); Little Kings and Queens Inc. tax exempt qualification revoked.
Announcement 2025-16 (IRB 2025-25) U.S. and Denmark; Competent Authority Agreement; types of pension entities to be treated as pension funds.
Announcement 2025-14 (IRB 2025-25) Office of Professional Responsibility; OPR; disciplinary sanctions.
Announcement 2025-12 (IRB 2025-25) Sec. 501(c); Golconda Foundation Inc. TIN 73-1552729 qualification revoked.
Announcement 2025-11 (IRB 2025-25) Sec. 501(c); AFA Grad Inc. qualification revoked.
Announcement 2025-10 (IRB 2025-25) Sec. 501; organizations no longer qualifying as 501(c)(3) for failure to meet code section requirements; contributions by individual donors no longer deductible.
Announcement 2025-9 (IRB 2025-25) Sec. 501(c); Ballerina Girl qualificatio revoked.
Announcement 2025-7 (IRB 2025-25) Sec. 501; organizations no longer qualifying as 501(c)(3) for failure to meet code section requirements; contributions by individual donors no longer deductible.
Announcement 2025-15 (IRB 2025-18) No articlesz submitted for publication to Internal Revenue Bulletin 2025-18.
Announcement 2025-13 (IRB 2025-15) Report on Advance Pricing Agreements and Advance Pricing and MutualAgreement Program (APMA Program), formerly known as the Advance Pricing Agreement Program (APA Program).
Announcement 2025-8 (IRB 2025-13) Tax conventions; Swiss Confederation; with respect to taxes on income; pensions and retirement arrangements; including IRAs.
Announcement 2025-6 (IRB 2025-5) Fast Track Settlement; FTS; pilot program; implementation; specific issues in a case; Post Appeals Mediation; PAM; PAM available to all taxpayers in the FTS program.
Announcement 2025-5 (IRB 2025-3) Suspension of part of Convention between the U.S. and Union of Society Socialist Republics on Matters of Taxation.
Announcement 2025-1 (IRB 2025-3) Office of Professional Responsibility; OPR; disciplinary sanctions.
Announcement 2025-4 (IRB 2025-2) Correction to publication of T.D. 10015 to add information about athe Federal Register filing date and publication information.
Announcement 2025-3 (IRB 2025-2) Amends the announcement number of Announcement 2024-39, 2024-39 I.R.B. 639, to Announcement 2024-33 by correcting several administrative references.
Announcement 2025-2 (IRB 2025-2) Sec. 401; required minimum distributions; RMD; certain portions of proposed regulations to apply beginning in 2026 distribution calendar year.

Action On Decision

None

Links to Individual Bulletins

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--Last Update 07/12/25