Small Business Taxes & Management

IRS Pronouncements--2011

Small Business Taxes & ManagementTM--Copyright 2011, 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, 2011. The list is limited to those items we believe to be of interest to small to mid-sized businesses, their advisors, CPAs, enrolled agents, 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--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". 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 2011 would be:   For prior years, change the 11 to the appropriate year (no earlier than 99).


New Additions - Bulletin 52

Rev. Rul. 2011-32 (IRB 2011-52) Interest rates; underpayments and overpayments; quarter beginning January 1, 2012; 3 percent on noncorporate.

Notice 2011-102 (IRB 2011-52) Social security contribution and benefit base for 2012; domestic employee coverage threshold.
Notice 2011-101 (IRB 2011-52) Request for comments on proposed guidance; transfers by a trustee from an irrevocable trust to another irrevocable trust resulting in a change of beneficial interests.
Notice 2011-97 (IRB 2011-52) 2011 Cumulative List of Changes in Plan Qualification Requirements; use in submitting various letter applications for plans during period beginning February 1, 2012.
Notice 2011-96 (IRB 2011-52) Sec. 436; sample plan amendment; limitations on accrual and payment of benefits under certain underfunded single employer defined benefit plans; anti-cutback; Sec. 436; 411.

Announcement 2010-82 (IRB 2011-52) Description of several important changes to Employee Plans determination letter program for 2012.
Announcement 2010-81 (IRB 2011-52) Relief for IRA owners subject to certain broker agreements; indemnification agreements in connection with IRAs. For the full text of these rulings, go to Internal Revenue Bulletin 2011-52.


Cumulative Listings - 2011

Revenue Rulings

Rev. Rul. 2011-32 (IRB 2011-52) Interest rates; underpayments and overpayments; quarter beginning January 1, 2012; 3 percent on noncorporate.
Rev. Rul. 2011-29 (IRB 2011-49) Accural of liability to unknown payees; fact of liability established; Sec. 461; bonuses payable to a group of employees; identity of employees not known; Rve. Rul. 76-345 revoked.
Rev. Rul. 2011-28 (IRB 2011-49) Sec. 2042; substitution of insurance policy; grantor's retention of power exercisable in a nonfiduciary capacity; acquire insurance policy held by a trust.
Rev. Rul. 2011-27 (IRB 2011-48) Sec. 1274A; inflation adjusted numbers for 2012; Rev. Rul. 2010-30 supplemented and superseded.
Rev. Rul. 2011-26 (IRB 2011-48) Geographical areas included in North American area; Sec. 274; expenses in connection with seminar, convention, etc; Rev. Rul. 2007-38 superseded.
Rev. Rul. 2011-24 (IRB 2011-41) Telecommunications services under Sec. 199; deriving gross receipts from services, leasing or renting property; domestic production activities deduction.
Rev. Rul. 2011-21 (IRB 2011-40) Sec. 1.61-21(g); fringe benefits aircraft valuation formula; SIFL cents-per-mile rate; employer-provided aircraft; second half of 2011.
Rev. Rul. 2011-18 (IRB 2011-39) Interest rates; underpayments and overpayments; quarter beginning October 1, 2011; 3 percent on noncorporate.
Rev. Rul. 2011-19 (IRB 2011-36) Remittance basis charge; RBC; U.K. taxes; RBC as income tax; Sec. 901.
Rev. Rul. 2011-17 (IRB 2011-33) Sec. 2032A; special use value; farms; interest rates; 2010 and 2011 interest rates used in computing the special use value of farm real property; estate election.
Rev. Rul. 2011-12 (IRB 2011-26) Interest rates; underpayments and overpayments; quarter beginning July 1, 2011; 4 percent on noncorporate.
Rev. Rul. 2011-5 (IRB 2011-13) Interest rates; underpayments and overpayments; quarter beginning April 1, 2011; 4 percent on noncorporate.
Rev. Rul. 2011-9 (IRB 2011-12) Life insurance contracts; business in receipt of life insurance contract in a tax-free exchange for a life insurance contract excepted from pro rata interest disallowance rules; contract received must be tested.
Rev. Rul. 2011-8 (IRB 2011-12) Sec. 1.61-21(g); fringe benefits aircraft valuation formula; SIFL cents-per-mile rate; employer-provided aircraft; first half of 2011.
Rev. Rul. 2011-7 (IRB 2011-10) Sec. 403(b) plan termination; accumulated benefits to be distributed on termination; application of plan termination provisions.
Rev. Rul. 2011-3 (IRB 2011-4) 2011 covered compensation tables; permitted disparity; Sec. 401; defined benefit plans.
Rev. Rul. 2011-2 (IRB 2011-1) Group trusts described in Rev. Rul. 81-100; Sec. 403(b); 401(a); Rev. Ruls. 81-100 and 2008-40 modified.


Revenue Procedures

Rev. Proc. 2011-58 (IRB 2011-50) Theft losses from fraudulent investment arrangement; Ponzi scheme; safe harbor of Rev. Proc. 2009-20 extended; death of lead figure; Rev. Proc. 2009-20 modified.
Rev. Proc. 2011-57 (IRB 2011-49) Sec. 42; unused housing credit carryovers; amounts published.
Rev. Proc. 2011-52 (IRB 2011-45) Cost-of-living adjustments for 2012; inflation; COLA; tax brackets; personal exemption; standard deduction.
Rev. Proc. 2011-51 (IRB 2011-44) Revisions to Publication 1239, Specifications for Filing Form 8027, Employer's Annual Information Return of Tip Income and Allocated Tips, Electronically. Rev. Proc. 2010-37 superseded.
Rev. Proc. 2011-50 (IRB 2011-44) Form 1042-S; procedures for filing form electronically; Rev. Proc. 2010-33 superseded.
Rev. Proc. 2011-49 (IRB 2011-44) Pension plans; opinion and advisory letters; acceptability under Secs. 401 and 403(a); master and prototype; volume submitter; Rev. Proc. 2005-16 modified and superseded; Rev. Procs. 2011-6 and 2011-8 modified.
Rev. Proc. 2011-48 (IRB 2011-42) Guidance on filing protective claim for refund when estate has a claim or expense not yet deductible under Sec. 2053; IRS procedures for processing protective claim.
Rev. Proc. 2011-47 (IRB 2011-42) Per diem allowances; optional rules for deeming substantiated amount of certain business expenses; traveling away from home; reimbursed amounts to employee, partner, or volunteer; amount deductible by employee or self-employed individual; Rev. Proc. 2010-39 amplified, modified, and superseded.
Rev. Proc. 2011-46 (IRB 2011-42) Nonaccrual-experience method book safe harbor; Sec. 448(d)(5); procedures for automatic consent to change; allowance for bad debts; Rev. Proc. 2006-56 modified and amplified.
Rev. Proc. 2011-44 (IRB 2011-39) Sec. 414(a); requesting letter ruling relating to church plans; interested parties to receive notice; Rev. Proc. 2011-4 modified.
Rev. Proc. 2011-43 (IRB 2011-37) Expenditures to maintain, replace, or improve electric transmission and distribution property; capitalization; safe harbor; Sec. 263; automatic consent; Rev. Proc. 2011-14 modified.
Rev. Proc. 2011-42 (IRB 2011-37) Use and evaluation of statistical samples and sampling estimates for taxpayers; Rev. Procs. 72-36, 2004-29, 2007-35, and 2011-35 amplified and modified.
Rev. Proc. 2011-41 (IRB 2011-35) Optional safe harbor guidance; decedent who died in 2010; election to have provisions of Sec. 1022 apply to determine recipient's basis in property acquired from decedent.
Rev. Proc. 2011-39 (IRB 2011-30) Form 941; laser-printed substitute; Schedule B; Rev. Proc. 2008-32 superseded.
Rev. Proc. 2011-38 (IRB 2011-30) Partial exchange of annuity contract; Sections 1035 and 72; tax-free exchange; Rev. Proc. 2008-24 modified and superseded.
Rev. Proc. 2011-37 (IRB 2011-26) Qualified mortgage bonds; mortgage credit certificates; national median gross income; Rev. Proc. 2010-23 obsoleted in part.
Rev. Proc. 2011-36 (IRB 2011-25) Reinstatement of tax-exempt status; non-profits; small organizations; reduced user fee; transitional relief described in Notice 2011-43; Rev. Proc. 2011-8 modified.
Rev. Proc. 2011-35 (IRB 2011-25) Basis in stock acquired in transferred basis transactions; survey guidelines and estimation procedures; Rev. Proc. 81-70 and Notice 2009-4 obsoleted in part.
Rev. Proc. 2011-33 (IRB 2011-25) Extent to which grantors and contributors may rely on listing of an organization in Publication 78, Cumulative List of Organizations; Business Master File extract; BMF; deduction of contributions; notice of revocations; Rev. Proc. 82-39 and 2009-32 modified and superseded.
Rev. Proc. 2011-34 (IRB 2011-24) Real estate professionals; rental real estate; late election to aggregate investments.
Rev. Proc. 2011-32 (IRB 2011-22) 2012 inflation adjusted amounts for Health Savings Accounts; HSAs.
Rev. Proc. 2011-31 (IRB 2011-22) Publication 4810; Specifications for Filing form 8955-SSA Registration Statement identifying Separated Participants with Deferred Vested Benefits electronically.
Rev. Proc. 2011-30 (IRB 2011-21) Nonshareholder contribution to capital under Sec. 118; Department of Energy clean coal technology programs.
Rev. Proc. 2011-29 (IRB 2011-18) Safe harbor election for allocating success-based fees paid in business acquisitions or reorganizations; 1.263(a)-5(e)(3) in lieu of maintaining documentation; 70 percent as not facilitating transaction; 30 percent capitalized.
Rev. Proc. 2011-28 (IRB 2011-18) Safe harbor approaches to determine capitalization of expenditures; maintain, replace, improve wireless network assets; Rev. Proc. 2011-14 modified.
Rev. Proc. 2011-27 (IRB 2011-18) Safe harbor approaches to determine capitalization of expenditures; maintain, replace, improve wireline network assets; Rev. Proc. 2011-14 modified.
Rev. Proc. 2011-22 (IRB 2011-18) Depreciation accounting; wireless telecommunications carriers; safe harbor method; Rev. Proc. 2011-14 modified and amplified.
Rev. Proc. 2011-25 (IRB 2011-17) Tax return preparers; time for filing and manner of requests for waiver of electronic filing requirement; documentation of taxpayer's choice to file paper format; return prepared by preparer filed by taxpayer.
Rev. Proc. 2011-26 (IRB 2011-16) Depreciation; 100-percent additional first-year depreciation; Sec. 168(k)(5); extension of 50-percent bonus depreciation; eligible property; safe harbor method for passenger autos; time and manner for making elections; first-year limitations under Sec. 280F; Rev. Proc. 2011-21 amplified.
Rev. Proc. 2011-23 (IRB 2011-15) Qualified mortgage bonds; QMBs; qualified mortgage credit certificates; MCCs; average area purchase price; Rev. Proc. 2010-25 obsoleted in part.
Rev. Proc. 2011-21 (IRB 2011-12) Automobile owners and lessees; depreciation deduction limitations on autos and trucks placed in service in 2011; lease inclusion amount for autos and trucks; Rev. Proc. 2010-18 amplified and modified.
Rev. Proc. 2011-20 (IRB 2011-11) Sec. 911; foreign earned income exclusion and housing costs; time period eligibility requirements not met; adverse conditions in foreign country; list of countries.
Rev. Proc. 2011-18 (IRB 2011-5) Deferral of gross income recognition of gross income for advance payments received from the sale of gift cards redeemable for goods or services of taxpayer or third party; Rev. Proc. 2004-34 modified and clarified.
Rev. Proc. 2011-17 (IRB 2011-5) Gift cards issued by retailer in exchange for returned goods; Rev. Proc. 2008-52 modified.
Rev. Proc. 2011-16 (IRB 2011-5) Safe harbor; real estate investment trusts; REITs; interest on loans that have been modified in response to default or reasonably foreseeable default.
Rev. Proc. 2011-14 (IRB 2011-4) Procedures for automatic consent for change in method of accounting; modification of procedures for non-automatic change in method of accounting; Rev. Proc. 97-27 clarified and modified; Rev. Procs. 2001-10, 2002-28, 2004-34 and 2006-56 modified; Rev. Procs. 2008-52 and 2009-39 superseded, in part.
Rev. Proc. 2011-11 (IRB 2011-4) Maximum vehicle values for special valuation rules; Reg. Sec. 1.61-21(d), (e); cents-per-mile valuation rule; $15,300 for cars, $16,200 for trucks.
Rev. Proc. 2011-15 (IRB 2011-3) Exempt organizations; requirements to file returns; annual gross receipts not more than $50,000; years beginning on or after January 1, 2010; annual electronic notice; Rev. Procs. 83-23, 94-17, and 2003-21 modified and superseded.
Rev. Proc. 2011-13 (IRB 2011-3) Disclosure on an income tax return; adequate disclosure; understatement of income tax penalty; tax return preparer penalty; Rev. Proc. 2010-15 updated.
Rev. Proc. 2011-12 (IRB 2011-2) Cost-of-living adjustments for 2011; inflation; tax rate tables; standard deduction; personal exemption; child tax credit; Hope scholarship and lifetime learning credits.
Rev. Proc. 2011-10 (IRB 2011-2) Rulings and determination letters; private foundation status; Sec. 509(a); operating foundation status; Sec. 4942; nonexempt charitable trusts; Sec. 4947; Rev. Procs. 72-50 and 76-34 modified and superseded; Announcements 85-88 and 2009-62 obsoleted.
Rev. Proc. 2011-9 (IRB 2011-2) Determination letters and rulings; exempt status of organizations; Sec. 501 and 521; revocation and modification; Rev. Proc. 2010-9 superseded.
Rev. Proc. 2011-8 (IRB 2011-1) User fees for employee plans and exempt organizations; user fee program; letter rulings; determination letters; Tax Exempt and Government Entities; Rev. Proc. 2010-8 superseded.
Rev. Proc. 2011-7 (IRB 2011-1) Areas in which rulings will not be issued; Associate Chief Counsel; International; procedures revised; Rev. Proc. 2010-7 superseded.
Rev. Proc. 2011-6 (IRB 2011-1) Employee plans determination letters; revised procedures; determination letters; plans under Sec. 401(a); 403(a); 409; 4975; Rev. Proc. 2010-6 superseded.
Rev. Proc. 2011-5 (IRB 2011-1) Technical advice; revised procedures for furnishing technical advice to area managers and appeals offices; Tax Exempt and Government Entities; employee plans; Rev. Proc. 2010-5 superseded.
Rev. Proc. 2011-4 (IRB 2011-1) 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. 2010-4 superseded.
Rev. Proc. 2011-3 (IRB 2011-1) Areas in which rulings will not be issued; domestic; Rev. Procs. 2010-3 superseded.
Rev. Proc. 2011-2 (IRB 2011-1) 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. 2010-2 superseded.
Rev. Proc. 2011-1 (IRB 2011-1) Letter rulings; information letters; 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. 2010-1 superseded.



T.D. 9558 (IRB 2011-51) Sec. 358; REG-101273-10; reorganizations; no stock or securities of issuing corporation is issued and distributed; ability to designate share of stock; basis.
T.D. 9557 (IRB 2011-51) Sec. 108; discharge of indebtedness income of partnership that transfers partnership interest to a creditor in satisfaction of debt; contribution of partnership's indebtedness by a creditor to a partnership in exchange for interest; minimum gain chargeback.
T.D. 9556 (IRB 2011-51) Sec. 6011; 6112; disclosure of listed transactions; generation-skipping transfer tax; time period for preparing list; reportable transactions; designation agreements.
T.D. 9555 (IRB 2011-50) Sec. 2036; portion of trust property included in grantor's gross estate; retained use of property; right to annuity, unitrust, graduated retained interest.
T.D. 9554 (IRB 2011-50) Sec. 3121; 3127; 3306; 3406; REG-136565-09; exceptions from FICA and FUTA; Federal Insurance Contributions Act; Federal Unemployment Tax Act; entities disregarded as separate from their owners; LLCs; backup withholding.
T.D. 9553 (IRB 2011-48) Sec. 7701; single-owner entity that is generally disregarded as separate from owner; separate corporation for tax purposes; LLC; tax liability rule for disregared entities; federal excise taxes.
T.D. 9552 (IRB 2011-47) Sec. 181; REG-146297-09; deductions for the cost of producing film and television productions.
T.D. 9551 (IRB 2011-47) Sec. 181; deductions for costs of producing qualified film and television productions; changes resulting from American Jobs Creation Act and Gulf Opportunity Zone Act.
T.D. 9550 (IRB 2011-47) Sec. 6707A; 6011; reportable transaction; penalties for failure to disclose.
T.D. 9549 (IRB 2011-46) Sec. 170; 507; 509; 6033; 6043; requirements for tax-exempt organizations required to file an annual return; public support computation; procedures for seeking classification as public charities; guidance for reporting information on annual return.
T.D. 9548 (IRB 2011-46) Sec. 355; harmonize Sec. 355(a)(3)(B) with the application of Sec. 355(b).
T.D. 9547 (IRB 2011-43) Sec. 179C; deducting 50 percent of cost of qualified refinery property; method for making election.
T.D. 9546 (IRB 2011-42) Sec. 142; solid waste disposal facilities; tax-exempt bonds.
T.D. 9545 (IRB 2011-41) Sec. 6404; suspension of interest, penalties, additions to tax, or additional amounts under Sec. 6404g; Notice2007-93 obsoleted.
T.D. 9543 (IRB 2011-40) Sec. 7502; prima facie evidence of delivery of documents; filing deadline.
T.D. 9542 (IRB 2011-39) Sec. 195; 248; 709; guidance with respect to making elections to amortize expenses.
T.D. 9541 (IRB 2011-39) Sec. 9815; REG-120391-10; group health plans; health insurance coverage in the group and individual markets; Affordable Care Act.
T.D. 9536 (IRB 2011-39) Sec. 901; REG-126519-11; amount of taxes paid for foreign tax credit.
T.D. 9535 (IRB 2011-39) Sec. 901; amount of taxes paid for foreign tax credit; structural passive investment arrangements.
T.D. 9540 (IRB 2011-38) Sec. 7520; use of actuarial tables in valuing annuities, interest for life or term of years, and remainder or reversionary interests; inter vivos and testamentary transfers of interests dependent on one or more measuring lives.
T.D. 9538 (IRB 2011-37) Sec. 1001; REG-109006-11; transfer or assignment of certain derivative contracts; realization event for nonassigning counterparty to contract.
T.D. 9537 (IRB 2011-35) Sec. 6071; REG-122813-11; Form 2290 Heavy Highway Vehicle Use Tax Return; payment of tax; period beginning July 1, 2011.
T.D. 9539 (IRB 2011-35) Sec. 280C; election to claim the reduced research credit; regulations amended; simplification of how taxpayers make election.
T.D. 9534 (IRB 2011-33) Sec. 381; guidance regarding accounting method or combination methods, including inventory methods to use following certain corporate reorganizations and tax-free liquidations.
T.D. 9533 (IRB 2011-33) REG-118809-11; removal of any references to or requirement of reliance on credit ratings in various sections of the Code; substitute standards of credit-worthiness; Dodd-Frank Act.
T.D. 9532 (IRB 2011-32) Sec. 9815; REG-125592-10; requirements regarding internal claims and appeals and external review processes for group health plans and health insurance; Affordable Care Act.
T.D. 9531 (IRB 2011-31) Sec. 6081; automatic extensions; income tax returns of partnerships, trusts, and estates and pension excise taxes.
T.D. 9530 (IRB 2011-31) Sec. 956; determination of basis in U.S. property acquired by a controlled foreign corporation in certain nonrecognition transactions.
T.D. 9529 (IRB 2011-30) Sec. 6038A; REG-101352-11; Form 5472; duplicate form requirement; 25% foreign-owned U.S. corporation or foreign corporation engaged in a U.S. trade or business.
T.D. 9528 (IRB 2011-28) Sec. 41; changes to credit for increasing research activities made by the Tax Relief and Health Care Act of 2006.
T.D. 9527 (IRB 2011-27) Circular 230; registered tax return preparers; final regulations; competency examination; continuing education requirements; standards with respect to tax returns.
T.D. 9526 (IRB 2011-24) Sec. 367; final regulations; certain transactions involving foreign corporations; subsidiary corporation acquires stock in parent in exchange for property.
T.D. 9525 (IRB 2011-23) Sec. 367; treatment of certain incomeand assets related to leasing of aircraft or vessels in foreign commerce.
T.D. 9524 (IRB 2011-23) Sec. 3402; withholding and reporting requirements that apply to certain payments made by government entities to persons providing property or services.
T.D. 9522 (IRB 2011-20) Sec. 1563; controlled group of corporations; stock ownership and qualification is member of group without regard t status as a component member.
T.D. 9521 (IRB 2011-19) Sec. 904; reduction in number of separate foreign tax credit limitation categories; transition rules.
T.D. 9520 (IRB 2011-18) Sec. 6323; rules relating to the validity and priority of Federal tax lien against certain persons.
T.D. 9519 (IRB 2011-18) Sec. 7811; issuance of taxpayer assistance orders.
T.D. 9518 (IRB 2011-17) Sec. 6011; electronic filing requirement; return preparers; more than 10 individual income tax returns; 100 for 2011.
T.D. 9517 (IRB 2011-15) Sec. 3042; enrolled actuaries; requirements for initial entrollment and for re-enrollment.
T.D. 9515 (IRB 2011-14) Sec. 1502; redetermination of intercompany gain as excluded from gross income; temporary regulations under Section 1.1502-13T reissued.
T.D. 9516 (IRB 2011-13) Sec. 6103; disclosure of return information to whistleblowers and legal representatives; detection of violations of internal revenue laws.
T.D. 9514 (IRB 2011-9) Sec. 1221; time and manner for electing to treat sale or exchange of musical composition or musical copyright created by taxpayer; sale or exchange of capital asset.
T.D. 9513 (IRB 2011-8) Sec. 1001; modified debt instrument; deterioration in an issuer's financial condition; recharacterization as an instrument that is not debt.
T.D. 9508 (IRB 2011-7) Sec. 871; 881; 1441; 1442; REG-132724-10; treatment of fails charges; gross-basis taxation of foreign persons; net-basis taxation; withholding.
T.D. 9511 (IRB 2011-6) Sec. 6229; 6501; definition of omission from gross income for six-year minimum period for assessment of tax attributable to partnership item; six-year period for assessing tax.
T.D. 9510 (IRB 2011-6) Sec. 6012; uncertain tax positions; UTP; requirement to file schedule.
T.D. 9509 (IRB 2011-6) Sec. 1301; averaging of farm and fishing income; American Jobs Creation Act of 2004.
T.D. 9507 (IRB 2011-3) Sec. 6302; Federal Tax Deposits; FTDs; Electronic Funds Transfer; EFT.


Proposed Regulations

REG-109564-10 (IRB 2011-50) Sec. 704; de minimis partner rule; unintended tax consequences.
REG-114749-09 (IRB 2011-48) Sec. 964; clarification; examples added; application of final regulations; procedures U.S. shareholders of foreign corporations; tax accounting elections; computing earnings and profits; book-to-tax adjustments.
REG-133002-10 (IRB 2011-46) Sec. 1502; consolidated returns; consolidated loss group or loss subgroup to redetermine its consolidated net unrealized built-in gain and loss in certain circumstances.
REG-140280-09 (IRB 2011-45) Sec. 6695; modify existing regulations related to tax return preparer penalties.
REG-125949-10 (IRB 2011-45) Sec. 471; retail inventory method of accounting; computation of ending inventory values; sales-based vendor allowances; margin protection payments; other vendor allowances.
REG-116284-11 (IRB 2011-43) User fee for registered tax return preparer competency examination; new user fee for fingerprinting for preparer tax identification number; PTIN; acceptance agent; authorized e-file provider.
REG-140038-10 (IRB 2011-42) Sec. 9815; disclosure requirements; health coverage plans; summary of benefits and coverage; uniform glossary; Affordable Care Act.

REG-128224-06 (IRB 2011-42) Sec. 67; estates and trusts other than grantor trusts; subject to 2-percent floor on miscellaneous itemized deductions.
REG-111283-11 (IRB 2011-42) Sec. 1256; swaps and similar agreements; definition of notional principal contract under 1.446-3.
REG-131491-10 (IRB 2011-36) Sec. 36B; health care premium tax credit.
REG-137128-08 (IRB 2011-28) Sec. 6402; guidance as to proper place to file claim for credit or refund.
REG-151687-10 (IRB 2011-23) Sec. 3402; whether withholding and reporting requirements would apply to certain payments made by government entities to persons providing property or services after January 1, 2014; existing contracts that are not materially modified.
REG-118761-09 (IRB 2011-21) Sec. 267; controlled group; time for taking into deferred losses on sale or exchange property between members of a group.
REG-154159-09 (IRB 2011-19) Sec. 108; discharge of indebtedness income of grantor trust; entity disregarded as an entity separate from its owner; definition of taxpayer.
REG-153338-09 (IRB 2011-14) Sec. 6103; taxpayed authorization permitting disclosure of returns and return information.
REG-140108-08 (IRB 2011-13) Sec. 6104; changes made by Pension Protection Act of 2006; PPA; guidance to states; inspection of certain returns and return information; final and proposed denial of tax-exempt status.
REG-146097-09 (IRB 2011-8) Sec. 6049; information reporting requirement with respect to bank deposits interest; all nonresident alien individuals who are residents of any foreign country; withdrawal of 2002 proposed regulations.
REG-131947-10 (IRB 2011-8) Sec. 1273; determining issue price of a debt instrument; circumstances in which property is traded on an established market; publicly traded.
REG-131151-10 (IRB 2011-8) Sec. 7623; payment of rewards and awards.
REG-149335-08 (IRB 2011-6) Sec. 263A; 471; capitalizing and allocating sales-based royalties; adjusting cost of merchandise inventory for sales-based vendor allowances; modification of simplified production method and simplified resale method.
REG-124018-10 (IRB 2011-2) Imposition of user fees for enrolled agents and entrolled retirement plan agents.



Notice 2011-102 (IRB 2011-52) Social security contribution and benefit base for 2012; domestic employee coverage threshold.
Notice 2011-101 (IRB 2011-52) Request for comments on proposed guidance; transfers by a trustee from an irrevocable trust to another irrevocable trust resulting in a change of beneficial interests.
Notice 2011-97 (IRB 2011-52) 2011 Cumulative List of Changes in Plan Qualification Requirements; use in submitting various letter applications for plans during period beginning February 1, 2012.
Notice 2011-96 (IRB 2011-52) Sec. 436; sample plan amendment; limitations on accrual and payment of benefits under certain underfunded single employer defined benefit plans; anti-cutback; Sec. 436; 411.
Notice 2011-91 (IRB 2011-47) Enrolled retirement plan agents; requirement to obtain a preparer tax identification number; PTIN.
Notice 2011-90 (IRB 2011-47) Cost-of-living adjustments; qualified retirement plans; pensions; 2012.
Notice 2011-89 (IRB 2011-46) Transitional relief form penalties for Sec. 6050W filer reporting incorrect information on Form 1099-K and payee statements.
Notice 2011-88 (IRB 2011-46) Effective date for potential backup withholding obligations under Sec. 3406 for payments made in settlement of payment card and third party network transactions (Sec. 6050W) postponed.
Notice 2011-87 (IRB 2011-45) Sec. 42; suspension of certain requirements; low-income housing credit; emergency housing relief; State of New York; Hurricane Irend or Tropical Storm Lee.
Notice 2011-86 (IRB 2011-45) Sec. 7528; exemption from user fee requirement; determination letters; qualified status of pension, profit-sharing, stock bonus, annuity, and employee stock ownership plans; ESOP; Notice 2002-1 amplified.
Notice 2011-85 (IRB 2011-44) Intention to amend final regulations under Sec. 411(b)(5); special rules for statutory hybrid plans; interest crediting rates under a cash balance or other statutory hybrid plan; Notices 2010-77 and 2010-90 modified.
Notice 2011-83 (IRB 2011-43) Sec. 42; suspension of certain requirements for certain low-income housing credit projects; emergency housing relief; devastation in Pennsylvania from Hurricane Irene or Troptical Storm Lee.
Notice 2011-80 (IRB 2011-43) Preparer tax identification number; PTIN; provisional PTIN; registered tax return preparers.
Notice 2011-82 (IRB 2011-42) Estate tax; guidance on electing portability of a deceased spousal unused exclusion; Sec. 2010(c).
Notice 2011-81 (IRB 2011-42) Optional special per diem rates; 2011-2012; high-cost localities; high-low method; substantiating expenses while traveling away from home.
Notice 2011-79 (IRB 2011-41) Sec. 1033; extension of replacement period for livestock sold on account of drought; 4-year replacement period; list of counties that experienced exceptional, extreme, or severe drought; 12-month period ending August 31, 2011.
Notice 2011-74 (IRB 2011-41) Sec. 42; suspension of certain requirements for low-income housing credit projects; emergency housing relief; result of Tropical Storm Irene in Vermont.
Notice 2011-76 (IRB 2011-40) Form 706; estate tax return; automatic 6-month extension; Form 8939, Allocation of Increase in Basis for Property Acquired From a Decedent extended to January 17, 2012; limited penalty relief from sold property acquired from decedent; generation skipping transfer tax exemption; GST.
Notice 2011-72 (IRB 2011-38) Cellular phones; listed property; working condition fringe; de minimis fringe; noncopensatory business reason.
Notice 2011-71 (IRB 2011-37) Sec. 6050W; documentation and reporting requirements of payment settlement entities; PSE; U.S. payors making payment to offshore account.
Notice 2011-64 (IRB 2011-37) Dividends paid to individual shareholder by domestic corporation; qualified foreign corporation; taxed at capital gain rates; qualifying dividend; updated list of income tax treaties; Notice 2006-101 amplified and superseded.
Notice 2011-68 (IRB 2011-36) Sec. 72; 1035; 7702B; interim guidance on amendments; taxation of annuity and life insurance contacts with a long-term care insurance feature.
Notice 2011-66 (IRB 2011-35) Estate tax election; decedent who died in 2010; election to have provisions of Sec. 1022 apply to determine recipient's basis; generation-skipping transfers during 2010; GSTs.
Notice 2011-65 (IRB 2011-34) Suspension of certain requirements under Sec. 42 to provide emergency housing relief; Alabama beginning April 19, 2011; low-income housing credit.
Notice 2011-63 (IRB 2011-34) State and local bonds; when considered issued for volume cap limitations on private activity bonds; Sec. 103; Sec. 146; Notice 2010-81 amended and supplemented.
Notice 2011-70 (IRB 2011-32) Sec. 6015; innocent spouse relief; equitable relief; extended period.
Notice 2011-62 (IRB 2011-32) Ex parte communications between Appeals and other IRS functions; proposed revenue procedure; Rev. Proc. 2000-43.
Notice 2011-53 (IRB 2011-32) Foreign financial institutions; reporting requirements; withholding; phased implementation.
Notice 2011-61 (IRB 2011-31) Continuing education providers; approval by IRS; public comments.
Notice 2011-60 (IRB 2011-31) Sec. 42; low-income housing credit; suspension of certain requirements; projects in North Dakota; emergency housing.
Notice 2011-58 (IRB 2011-31) Sec. 613A; marginal production rates; applicable percentage for percentage depletion.
Notice 2011-57 (IRB 2011-31) Sec. 43; inflation adjustment factor; enhanced oil recovery credit; taxable years beginning in 2011 calendar year.
Notice 2011-56 (IRB 2011-29) Basis of stock; interim guidance; Sec. 1012; stock that may be subject to broker reporting under Sec. 6045.
Notice 2011-55 (IRB 2011-29) HIRE; Hiring Incentives to Restore Employment Act; Sec. 6038D; information with respect to foreign financial assets; suspension of information reporting requirements until Form 8938 released; revised Form 8621.
Notice 2011-54 (IRB 2011-29) Requirement to file Form TD F 90-22.1; Report of Foreign Bank and Financial Account; FBAR; signature authority but no financial interest; additional administrative relief; Notice 2010-23 modified and supplemented.
Notice 2011-47 (IRB 2011-27) Sec. 42; suspension of certain requirements for low-income housing credit projects in Missouri; emergency housing relief; natural disasters beginning on April 19, 2011.

Notice 2011-45 (IRB 2011-25) Until all conditions for become registered tax return preparer are able to be satisfied no individual may represent he is a registered return preparer; required statement in any advertising.
Notice 2011-44 (IRB 2011-25) Reinstatement of tax-exempt status; retroactive reinstatement; establishing reasonable cause; Sec. 6033.
Notice 2011-43 (IRB 2011-25) Transitional relief for small tax-exempt organizations who have lost their exempt status for failure to file annual electronic notice; criteria small organization must satisfy; retroactive reinstatement.
Notice 2011-42 (IRB 2011-23) Guidance to third party settlement organizations on backup withholding obligations; Sec. 3406; TPSOs.
Notice 2011-36 (IRB 2011-21) Sec. 4980H; request for comments regarding health coverage of full-time employees; applicable large employer; ALE.
Notice 2011-38 (IRB 2011-20) Extension to calendar years 2011 and 2012 and modification of pilot program; authorized filers of certain information returns; truncate an individual payee's nine-digit identifying number; Notice 2009-93 modified.
Notice 2011-37 (IRB 2011-20) Interim guidance in Notices 2010-32, 2008-166, 2008-32; treatment under Sec. 67 of investment advisory fees and other costs subject to 2-percent floor; integrated costs; guidance extended to taxable years before date final regulations are published; Notice 2010-32 modified and superseded.
Notice 2011-34 (IRB 2011-19) TIPS; Treasury Inflation-Protected Securities; IRS plans to issue regulations that coupon bond method in 1.1275-7(d) applies; more than de minimis amount of premium; TIPS issued on or after April 8, 2011.
Notice 2011-32 (IRB 2011-18) Japan earthquake and tsunami in March 2011 designated as a qualified disaster for purposes of Sec. 139.
Notice 2011-31 (IRB 2011-17) Foreign financial accounts; FFAs; guidance on how to answer questions; Form 1040 Schedule B; Form 1065 Schedule B; Form 1120 Schedule N.
Notice 2011-30 (IRB 2011-17) Nonconventional fuel source credit; Sec. 45K; inflation adjustment factor; 2010.
Notice 2011-27 (IRB 2011-17) Transitional guidance; electronic filing requirement; Sec. 6011; election paper format by taxpayer mailing by return preparer; 2011 only; signed statement.
Notice 2011-26 (IRB 2011-17) Return preparers; administrative exemptions from electronic filing requirement; Sec. 6011.
Notice 2011-16 (IRB 2011-17) Civilian spouses of military service members; American Samoa, Guam, Northern Mariana Islands; Puerto Rico; U.S. Virgin Islands; residence in District of Columbia; Military Spouses Residency Relief Act; extension of time to pay until October 17, 2011.
Notice 2011-29 (IRB 2011-16) Puerto Rican excise tax; tax in lieu of income tax under Sec. 903; IRS challenge.
Notice 2011-28 (IRB 2011-16) Reporting cost of coverage under employer-sponsored group health plan on W-2; Sec. 6051.
Notice 2011-25 (IRB 2011-14) Credit for carbon dioxide sequestration; Notice 2009-83 modified.
Notice 2011-24 (IRB 2011-14) Sec. 48A; qualifying advanced coal program; Sec. 48B; gasification program; maeasurement of separated and sequestered carbon dioxide; Notice 2009-23, 2009-24 modified.
Notice 2011-19 (IRB 2011-11) Employer securities; guidance with respect to readily tradable on an established securities market; readily tradable on an established market; employer securities held by certain qualified retirement plans; ESOPs; employee stock ownership plans; Sec. 4975.
Notice 2011-18 (IRB 2011-11) Information reporting requirements in Sec. 6045B; issuers of stock with respect to organizational actions that affect basis; transitional relief.
Notice 2011-14 (IRB 2011-11) Guidance on mortgage assistance programs; tax consequences of payments made to or on behalf of financially distressed homeowners; Hardest-Hit Housing Markets; Department of Housing and Urban Development's Emergency Homeowner's Loan Program.
Notice 2011-17 (IRB 2011-10) Emancipation Day as legal holiday in District of Columbia; filing deadline for tax forms required to be filed on April 15; filing delayed to April 18.
Notice 2011-15 (IRB 2011-10) Low-income housing tax credit; private activity bonds; resident populations of 50 states; state housing credit ceiling; private activity bond limits.
Notice 2011-12 (IRB 2011-8) Procedures for determining income tax withholding on wages of nonresident alien employees for wages paid after December 31, 2010.
Notice 2011-8 (IRB 2011-8) Adjusted limitations for housing expenses for tax year 2011 for purposes of Sec. 911; Notices 2006-87, 2007-25, 2007-77, 2008-107 and 2010-27 superseded.
Notice 2011-16 (IRB 2011-7) Correction to Rev. Rul. 2011-3; covered compensation tables; permitted disparity.
Notice 2011-11 (IRB 2011-7) PTIN number; temporary relief for return preparers who made a good faith effort to PTIN even though not received.
Notice 2011-10 (IRB 2011-6) Rules for making one-time claim for payment of credits and payments allowable under Sec. 6426 and 6427 for biodiesel mixtures, alternative fuels, and alternative fuel mixtures.
Notice 2011-6 (IRB 2011-3) Requirement to obtain a preparer tax identification number; PTIN; interim rules during implementation of new regulations governing tax return preparers.
Notice 2011-5 (IRB 2011-3) Health FSA and HRA debit cards; purchase of prescribed over-the-counter drugs; Notice 2010-59 modified in part.
Notice 2011-4 (IRB 2011-2) Change in method of accounting for unearned premiums; procedures for automatic consent; Sec. 833; Rev. Proc. 2008-52 modified; Notice 2010-79 clarified and modified.
Notice 2011-3 (IRB 2011-2) Special rules relating to funding relief for single-employer pension plans under PRA 2010.
Notice 2011-2 (IRB 2011-2) Sec. 162(m); remuneration for services provided by individuals to certain health insurance providers.
Notice 2011-1 (IRB 2011-2) Prohibition of insured group health plans from discriminating in favor of highly compensated individuals; compliance pending issuance of regulations.



Announcement 2010-82 (IRB 2011-52) Description of several important changes to Employee Plans determination letter program for 2012.
Announcement 2010-81 (IRB 2011-52) Relief for IRA owners subject to certain broker agreements; indemnification agreements in connection with IRAs.
Announcement 2010-80 (IRB 2011-51) Correction to final and temporary regulations; T.D. 9554; FICA; FUTA; individuals who work for family members; disregarded entities; responsibility for backup withholding and related information reporting.
Announcement 2010-79 (IRB 2011-51) Sec. 414(d); determination of Indian tribal government plan.
Announcement 2010-78 (IRB 2011-51) Sec. 414(d); determination of governmental plan.
Announcement 2010-75 (IRB 2011-48) Bank; S corporation; withdrawal of proposed regulations; REG-158677-05.
Announcement 2010-73 (IRB 2011-48) Sec. 25C credit; withdrawal of Weld Rite, Inc.'s right to certify hydronic outdoor wood-burning stove; certification statement.
Announcement 2010-64 (IRB 2011-41) Voluntary Classification Settlement Program; VCSP; Classification Settlement Program; employee vs. independent contractor; classification of workers.
Announcement 2010-59 (IRB 2011-37) Nonbank trustees; Sec. 1.408-2(e) of regulations; list of entities approved as nonbank trustees and custodians; Announcement 2007-47 updated and superseded.
Announcement 2010-49 (IRB 2011-36) Corrections to regulations T.D. 9527; practice before the IRS; providers of continuing education programs; standards with respect to tax returns.
Announcement 2010-43 (IRB 2011-35) Correction to final regulations; T.D. 9475; certain transactions as reorganizations; Sec. 468(a)(1)(D); no stock or securities of acquiring corporation issued.
Announcement 2010-42 (IRB 2011-32) Discontinuance of high-low method of substantiating travel expenses; substantiating lodging, meal, incidental expenses; Sec. 274(d).
Announcement 2010-40 (IRB 2011-29) Optional standard mileage rate; business, medical, or moving purposes; new rates as of July 1, 2011; 55.5 cents per mile business use; 23.5 cents per mile medical and moving; Notice 2010-88 modified.
Announcement 2010-35 (IRB 2011-25) IRS will publish list of organizations that have had tax-exempt status automatically revoked on
Announcement 2010-32 (IRB 2011-22) Robinson Knife Manufacturing Company and Subsidiaries; correction to nonacquiescence.
Announcement 2010-31 (IRB 2011-22) Correction to final regulations; T.D. 9518; guidance to specified tax return preparers; preparation of individual income tax returns using magnetic media.
Announcement 2010-29 (IRB 2011-18) Reinstatement of enrollment period; regulations governing practice before the IRS; Treasury Circular No. 230; enrolled agents whose social security number or tax identification numbers end in 4, 5, or 6.
Announcement 2010-22 (IRB 2011-16) Annual report on Advance Pricing Agreements; APA.
Announcement 2010-21 (IRB 2011-12) Replacement of Schedule SSA with Form 8955-SSA; Form 5500; Annual Registration Statement Identifying Separated Participants with Deferred Vested Benefits.
Announcement 2010-18 (IRB 2011-12) Competent Authority Agreement; People's Republic of China; taxation of professors and teachers.
Announcement 2010-14 (IRB 2011-9) Correction to final regulations; T.D. 9391; Sec. 937; whether income derived from sources within a U.S. possession or territory; effectively connected with conduct of trade or business.
Announcement 2010-12 (IRB 2011-9) Expenses for breast pumps and supplies that assist lactation deductible as medical expense; flexible spending arrangement or similar plan.
Announcement 2010-11 (IRB 2011-7) Corrections to proposed regulations (REG-132554-08); guidance relating to hybrid defined benefit pension plans.
Announcement 2010-10 (IRB 2011-7) Corrections to final regulations T.D. 9505; guidance relating to hybrid defined benefit pension plans.
Announcement 2010-9 (IRB 2011-7) Corrections to Rev. Proc. 2011-11; clarification guidance is for calendar year 2011.
Announcement 2010-8 (IRB 2011-5) Correction to Rev. Proc. 2011-8; error in user fee schedule; non-mass submitter; master or prototype plan; Rev. Proc. 2011-1 corrected.
Announcement 2010-7 (IRB 2011-5) Corrections to Rev. Proc. 2011-1; outdated references to user fee amounts; Rev. Proc. 2011-1 corrected.
Announcement 2010-6 (IRB 2011-4) Extension of two-year test of mediation and arbitration procedures for Offer in Compromise (OIC) and Trust Fund Recovery Penalty (TFRP) cases until December 31, 2012; Announcement 2008-111 modified; Rev. Procs. 2006-44 and 2009-44 modified.
Announcement 2010-5 (IRB 2011-4) Fast Track Settlement; FTS; small business/self-employed taxpayers; expedite cases in select locations.


       Links to Individual Bulletins

Internal Revenue Bulletin 2011-1        Internal Revenue Bulletin 2011-27
Internal Revenue Bulletin 2011-2        Internal Revenue Bulletin 2011-28
Internal Revenue Bulletin 2011-3        Internal Revenue Bulletin 2011-29
Internal Revenue Bulletin 2011-4        Internal Revenue Bulletin 2011-30
Internal Revenue Bulletin 2011-5        Internal Revenue Bulletin 2011-31
Internal Revenue Bulletin 2011-6        Internal Revenue Bulletin 2011-32
Internal Revenue Bulletin 2011-7        Internal Revenue Bulletin 2011-33
Internal Revenue Bulletin 2011-8        Internal Revenue Bulletin 2011-34
Internal Revenue Bulletin 2011-9        Internal Revenue Bulletin 2011-35
Internal Revenue Bulletin 2011-10      Internal Revenue Bulletin 2011-36
Internal Revenue Bulletin 2011-11      Internal Revenue Bulletin 2011-37
Internal Revenue Bulletin 2011-12      Internal Revenue Bulletin 2011-38
Internal Revenue Bulletin 2011-13      Internal Revenue Bulletin 2011-39
Internal Revenue Bulletin 2011-14      Internal Revenue Bulletin 2011-40
Internal Revenue Bulletin 2011-15      Internal Revenue Bulletin 2011-41
Internal Revenue Bulletin 2011-16      Internal Revenue Bulletin 2011-42
Internal Revenue Bulletin 2011-17      Internal Revenue Bulletin 2011-43
Internal Revenue Bulletin 2011-18      Internal Revenue Bulletin 2011-44
Internal Revenue Bulletin 2011-19      Internal Revenue Bulletin 2011-45
Internal Revenue Bulletin 2011-20      Internal Revenue Bulletin 2011-46
Internal Revenue Bulletin 2011-21      Internal Revenue Bulletin 2011-47
Internal Revenue Bulletin 2011-22      Internal Revenue Bulletin 2011-48
Internal Revenue Bulletin 2011-23      Internal Revenue Bulletin 2011-49
Internal Revenue Bulletin 2011-24      Internal Revenue Bulletin 2011-50
Internal Revenue Bulletin 2011-25      Internal Revenue Bulletin 2011-51
Internal Revenue Bulletin 2011-26      Internal Revenue Bulletin 2011-52

Copyright 2011 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. Articles in this publication are not intended to be used, and cannot be used, for the purpose of avoiding accuracy-related penalties that may be imposed on a taxpayer. 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 12/23/11