IRS Pronouncements--2021--Short List
Small Business Taxes & ManagementTM--Copyright 2021, 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, 2021. 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--2021. 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 38 bulletins of 2021.
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-21-xx.pdf
For Revenue Procedures-- www.irs.gov/pub/irs-drop/rp-21-xx.pdf
For Notices-- www.irs.gov/pub/irs-drop/n-21-xx.pdf
The xx must be at least two digits. Thus, Revenue Ruling 5 for 2021 would be: www.irs.gov/pub/irs-drop/rr-21-05.pdf For prior years, change the 20 to the appropriate year (available years vary).
New Additions - Bulletin 38
Notice 2021-52 (IRB 2021-38) Optional per-diem rates;for 2021-2022; business expenses while away from home; special transportation industry rates; high-low cost localities; correction of portion of year Sedona Arizona is high-cost under Notice 2020-71.
For the full text of these rulings, go to Internal Revenue Bulletin 2021-38
Cumulative Listings - 2021
Rev. Rul. 2021-17 (IRB 2021-37) Interest rates on underpayments and overpayments; quarter beginning October 1, 2021.
Rev. Rul. 2021-16 (IRB 2021-36) Applicable federal rates; adjusted federal long-term rate; September, 2021.
Rev. Rul. 2021-15 (IRB 2021-35) Sec. 2032A; estate taxes; special use value; farms; interest rates; 2021 interest rates.
Rev. Rul. 2021-14 (IRB 2021-31) Applicable federal rates; adjusted federal long-term rate; August, 2021.
Rev. Rul. 2021-12 (IRB 2021-27) Applicable federal rates; adjusted federal long-term rate; July, 2021.
Rev. Rul. 2021-11 (IRB 2021-24) Sec. 61; fringe benefits; aircraft valuation formula; SIFL; Standard Industry Fare Level first half 2021.
Rev. Rul. 2021-9 (IRB 2021-23) Applicable federal rates; adjusted federal long-term rate; June, 2021.
Rev. Rul. 2021-7 (IRB 2021-14) Applicable federal rates; adjusted federal long-term rate; April, 2021.
Rev. Rul. 2021-6 (IRB 2020-12) Interest rates on underpayments and overpayments; quarter beginning April 1, 2020.
Rev. Rul. 2021-5 (IRB 2021-10) Applicable federal rates; adjusted federal long-term rate; March, 2021.
Rev. Rul. 2021-4 (IRB 2021-6) Applicable federal rates; adjusted federal long-term rate; February, 2021.
Rev. Rul. 2021-3 (IRB 2021-5) Sec. 401; tables of covered compensation.
Rev. Rul. 2021-2 (IRB 2021-04) Deductibility of expenses paid with proceeds from a Paycheck Protection Program loan; Notice 2020-32 and Rev.a Rul. 2020-27 obsoleted.
Rev. Rul. 2021-1 (IRB 2021-02) Applicable federal rates; adjusted federal long-term rate; January, 2021.
Rev. Proc. 2021-36 (IRB 2021-35) Sec. 36B; premium tax credit; applicable percentage table; indexing adjustment for required contribution percentage; eligibility for affordable employer-sponsored minimum essential coverage.
Rev. Proc. 2021-34 (IRB 2021-35) Sec. 446; automatic consent to change methods of accounting; final regulations Secs. 1.451-3, 1.451-8 and 1.1275-2(l); Rev. Proc. 2015-13, 2015-33, 2016-1, 2017-59, and 2021-26 modified.
Rev. Proc. 2021-33 (IRB 2021-34) Exclusion of certain items from gross receipts definition; safe harbor for eligibility for employee retention credit; ERC; forgiveness of Paycheck Protection Program loan; PPP; grant under Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act; restaurant revitalization grant.
Rev. Proc. 2021-31 (IRB 2021-34) Sec. 280F; limitations on depreciation for business use of autos; lease inclusion tables for passenger automobiles; includes trucks and vans.
Rev. Proc. 2021-14 (IRB 2021-30) Sec. 172; net operating loss; NOL; special rules for 2018, 2019. 2020; farming loss; CARES Act; Tax Relief Act of 2020.
Rev. Proc. 2021-24 (IRB 2021-29) Procedure for receiving child tax credit; 2020 recovery rebate credit payments; additional 2020 recovery rebate credit payments; third round economic impact payments; taxpayers not otherwise required to file 2020 federal income tax returns; simplified return; complete returns.
Rev. Proc. 2021-29 (IRB 2021-27) Alternative to administrative adjustment request; AAR; amended Form 1065.
Rev. Proc. 2021-28 (IRB 2021-27) Sec. 168; TCDTRA; 30-year recovery period; ADS; residential rental; held by electing property trade or business; Rev. Proc. 2019-8 modified; Rev. Proc. 2019-43 modified.
Rev. Proc. 2021-25 (IRB 2021-21) Sec. 223; Health Savings Accounts; HSAs; inflation adjusted amounts; health reimbursement arrangements; HRAs.
Rev. Proc. 2021-23 (IRB 2021-19) Sec. 36B; child tax credit; earned income tax credit; amount of credit revised; percentage table revised for American Rescue Plan Act; Rev. Proc. 2020-45 and Rev. Proc. 2020-36 superseded.
Rev. Proc. 2021-20 (IRB 2021-19) PPP loan; Payroll Protection Program; expenses used to justify loan not deducted on return for taxable year ending on or before December 31, 2020; safe harbor; expenses deductible on first taxable year following.
Rev. Proc. 2021-21 (IRB 2021-17) Sec. 911; foreign earned income exclusion; waiver of time requirements for individuals who must leave a foreign country because of war, civil unrest, or similae adverse conditions; Iraq added to list of waiver countries.
Rev. Proc. 2021-15 (IRB 2021-8) Sec. 62; educator's deduction; safe harbor; unreimbursed expenses paid o incurred after March 20, 2020; personal protective equipment, disinfecttant, other items to prevent spread of COVID-19.
Rev. Proc. 2021-11 (IRB 2021-6) Sec. 199A; methods for calculating W-2 wages; agricultural or horticultural cooperatives; short taxable years; Rev. Proc. 2019-11 modified.
Rev. Proc. 2021-8 (IRB 2021-4) Sec. 501; electronic submission of Form 1024-A; 90-day transition relief period; Rev. Proc. 2021-5 modified.
Rev. Proc. 2021-9 (IRB 2021-3) Sec. 163; trade or business managing a qualified residential living facility; safe harbor treatment as real property trade or business.
Rev. Proc. 2021-7 (IRB 2021-1) Areas of IRC under jurisdiction of Associate Chief Counsel (International); IRS will not issue rulings.
Rev. Proc. 2021-5 (IRB 2021-1) 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. 2021-4 (IRB 2021-1) Revised procedures; determination letters and letter rulings issued by the Commissioner; Tax Exempt and Government Entities; Employee Plans Rulings and Agreements; Rev. Procs. 2020-4 updated.
Rev. Proc. 2021-3 (IRB 2021-1) 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. 2020-3 superseded.
Rev. Proc. 2021-2 (IRB 2021-1) Procedures for Technical advice memoranda; TAMS; taxpayer rights when field office requests TAMS; Rev. Proc. 2020-2 superseded.
Rev. Proc. 2021-1 (IRB 2021-1) 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. 2020-1 superseded.
RegulationsT.D. 9950 (IRB 2021-26) Sec. 165; 7508A; mandatory postponements of time to perform time-sensitive tax acts; federally declared disaster; mandatory 60-day period; either major disaster or emergency under Stafford Act.
Proposed RegulationsREG-102951-16 (IRB 2021-32) Rules for filing certain returns and statements electronically; changes made by Taxpayer First Act of 2019; earlier proposed regulations withdrawn regarding whether information returns must be filed electronically; aggregation rule.
NoticesNotice 2021-52 (IRB 2021-38) Optional per-diem rates;for 2021-2022; business expenses while away from home; special transportation industry rates; high-low cost localities; correction of portion of year Sedona Arizona is high-cost under Notice 2020-71.
Notice 2021-23 (IRB 2021-16) Employee retention credit; qualified wages paid after December 31, 2020 and before July 1, 2021; Notice 2021-20 amplified.
Notice 2021-21 (IRB 2021-15) Sec. 7508A; guidance on postponement of Federal income tax filings and payments from April 15, 2021 to May 17, 2021; postponement of other forms.
Notice 2021-20 (IRB 2021-11) Employee retention credit; as amended by Taxpayer Certainty and Disaster Tax Relief Act of 2020; Paycheck Protection Program loans.
Notice 2021-18 (IRB 2021-11) Sec. 911; adjustments to limitation on housing expenses for 2021.
Notice 2021-15 (IRB 2021-10) Sec. 125; health flexible spending arrangements; FSAs; dependent care assistance program; carryover of unused portion; Taxpayer Certainty and Disaster Tax Relief Act of 2020.
Notice 2021-10 (IRB 2021-7) Sec. 7508A; 1400Z; qualified opportunity funds; QOFs; addtional relief; 180-day investment requirement; 30-month substantial improvement period; Notice 2020-39 relief extended.
Notice 2021-13 (IRB 2021-6) Relief for partnerships from certain penalties due to inclusion of incorrect information in reporting partners' beginning capital account balances on 2020 K-1.
Notice 2021-11 (IRB 2021-6) Deferral of employee's portion of Social Security taxes from September 1, 2020 to December 31, 2020; extension of date for repayment; Notice 2020-65 modified.
Notice 2021-8 (IRB 2021-6) Sec. 6654; waiver of addition to tax for underpayment of estimated tax; underpayment attributable to amendment of Sec. 461 made by CARES Act; relief not automatic.
Notice 2021-7 (IRB 2021-3) Automobile lease valuation rule for income inclusion of personal use of vehicle; temporary relief in response to pandemic to revert to cents-per-mile valuation and vice versa.
Notice 2021-2 (IRB 2021-3) Standard mileage rates for 2021; operation of motor vehicle for business, charitable, and medical or moving purposes; fixed and variable rate; FAVR; maximum fair market value for fleet-average valuation or cents-per-mile valuation rule.
Notice 2021-3 (IRB 2021-2) Sec. 401; Notice 2020-42; 6-month extension physical presence test for participant elections required to be witnessed by plan representative.
Notice 2021-1 (IRB 2021-2) Private foundations; electronic filing of Form 4720; private foundations may no longer rely on Reg. Sec. 53.6011-1(c).
Announcement 2021-9 (IRB 2021-20) Notification that no articles were submitted for publication in IRB 2021-20.
Announcement 2021-7 (IRB 2021-15) Sec.213; Amounts paid for personal protective equipment (PPE) deductible as medical expense; reimbursable under health flexible spending arrangements and health reimbursement arrangements.
Announcement 2021-4 (IRB 2021-9) Notification that no articles were submitted for publication in IRB 2021-9.
Action On Decision
Action on Decision 2021-2 (IRB 2021-21) Nonacquiescence; Machacek, 906 F.3d 429.
Links to Individual Bulletins
Internal Revenue Bulletin 2021-1 Internal Revenue Bulletin 2021-27
Internal Revenue Bulletin 2021-2 Internal Revenue Bulletin 2021-28
Internal Revenue Bulletin 2021-3 Internal Revenue Bulletin 2021-29
Internal Revenue Bulletin 2021-4 Internal Revenue Bulletin 2021-30
Internal Revenue Bulletin 2021-5 Internal Revenue Bulletin 2021-31
Internal Revenue Bulletin 2021-6 Internal Revenue Bulletin 2021-32
Internal Revenue Bulletin 2021-7 Internal Revenue Bulletin 2021-33
Internal Revenue Bulletin 2021-8 Internal Revenue Bulletin 2021-34
Internal Revenue Bulletin 2021-9 Internal Revenue Bulletin 2021-35
Internal Revenue Bulletin 2021-10 Internal Revenue Bulletin 2021-36
Internal Revenue Bulletin 2021-11 Internal Revenue Bulletin 2021-37
Internal Revenue Bulletin 2021-12 Internal Revenue Bulletin 2021-38
Internal Revenue Bulletin 2021-13
Internal Revenue Bulletin 2021-14
Internal Revenue Bulletin 2021-15
Internal Revenue Bulletin 2021-16
Internal Revenue Bulletin 2021-17
Internal Revenue Bulletin 2021-18
Internal Revenue Bulletin 2021-19
Internal Revenue Bulletin 2021-20
Internal Revenue Bulletin 2021-21
Internal Revenue Bulletin 2021-22
Internal Revenue Bulletin 2021-23
Internal Revenue Bulletin 2021-24
Internal Revenue Bulletin 2021-25
Internal Revenue Bulletin 2021-26
Copyright 2021 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 09/18/21