Small Business Taxes & Management

IRS Pronouncements--2023

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 52 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 52

REG-132569-17 (IRB 2023-52) Sec. 46; 48; energy credit; eligible energy property; increased energy credit if prevailing wage and registered apprenticeship requirements met.

For the full text of these rulings, go to Internal Revenue Bulletin 2023-52

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

Cumulative Listings - 2023

Revenue Rulings

Rev. Rul. 2023-23 (IRB 2023-51) Sec. 995; base period T-bill rate for 2023.
Rev. Rul. 2023-22 (IRB 2023-49) Interest rates on underpayments and overpayments; quarter beginning January 1, 2024.
Rev. Rul. 2023-21 (IRB 2023-49) Applicable federal rates; adjusted federal long-term rate, December 2023.
Rev. Rul. 2023-20 (IRB 2023-45) Applicable federal rates; adjusted federal long-term rate, November 2023.
Rev. Rul. 2023-19 (IRB 2023-41) Sec. 61; fringe benefits; terminal charge; aircraft valuation formula; SIFL; Standard Industry Fare Level second half 2023.
Rev. Rul. 2023-18 (IRB 2023-40) Applicable federal rates; adjusted federal long-term rate, October 2023.
Rev. Rul. 2023-17 (IRB 2023-37) Interest rates on underpayments and overpayments; quarter beginning October 1, 2023.
Rev. Rul. 2023-16 (IRB 2023-37) Applicable federal rates; adjusted federal long-term rate; September, 2023.
Rev. Rul. 2023-15 (IRB 2023-34) Sec. 2032A; interest rates for computing the special use value of farm real property for estate taxes.
Rev. Rul. 2023-14 (IRB 2023-33) Cryptocurrency; receipt of additional shares of cryptocurrency; inclusion in a taxpayer's gross income at time of control.
Rev. Rul. 2023-13 (IRB 2023-32) Applicable federal rates; adjusted federal long-term rate; August, 2023; blended rate for 2023.
Rev. Rul. 2023-12 (IRB 2023-27) Applicable federal rates; adjusted federal long-term rate; July, 2023; blended rate for 2023.
Rev. Rul. 2023-11 (IRB 2023-23) Interest rates on underpayments and overpayments; quarter beginning July 1, 2023.
Rev. Rul. 2023-10 (IRB 2023-23) Applicable federal rates; adjusted federal long-term rate; June, 2023.
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. 2023-41 (IRB 2023-52) Sec. 832; 846; unpaid loss discount factors; salvage discount factors for 2023 accident year.
Rev. Proc. 2023-39 (IRB 2023-52) Specifications for private printing of red-ink and black-and-white substitutes for W-2c and W-3c; Rev. Proc. 2016-20 superseded.
Rev. Proc. 2023-40 (IRB 2023-51) Sec. 6662; 6694; adequate diclosure for information shown on a return for purposes of avoiding penalties for the accuracy-related and preparer penalty. Rev. Proc. 2023-38 (IRB 2023-51) Sec. 30D; 45W; reports by manufacturers; provision of vehicle identification numbers; clean vehicle credit; commercial clean vehicle credit.
Rev. Proc. 2023-37 (IRB 2023-51) Sec. 403; rules regarding qualified pre-approved plans; combines, conforms, clarifies and updates for those plans previously set forth in prior revenue procedures.
Rev. Proc. 2023-36 (IRB 2023-51) Sec. 6049; relevant information exchange; Ecuador added to list; automatic exchange relationshiip; Argentian and Kazakhstan; Rev. Proc. 2022-35 superseded.
Rev. Proc. 2023-34 (IRB 2023-48) Cost-of-living adjustments for 2024; COLA; inflation adjustments; individual tax rates; standard deduction; maximum capital gain rates.
Rev. Proc. 2023-33 (IRB 2023-43) Sec. 30D, 25E; transfer of clean vehicle credit and previously owned clean vehicle credit from taxpayer to eligible entity; dealer registrations; Rev. Proc. 2022-42 superseded.
Rev. Proc. 2023-28 (IRB 2023-43) Substitute forms and schedules; printing and approval guidelines; Rev. Proc. 2022-31 superseded.
Rev. Proc. 2023-35 (IRB 2023-42) Sec. 1091; redemption of money market fund shares; not treated as a wash sale.
Rev. Proc. 2023-32 (IRB 2023-41) Sec. 42; amount of unused housing credit carryovers allocated to qualified states fo 2023.
Rev. Proc. 2023-31 (IRB 2023-40) Procedures for filing forms 8955-SSA and 5500-EZ to request hardship waiver for electronic filing for tax years 2024; Rev. Proc. 2015-47 superseded.
Rev. Proc. 2023-30 (IRB 2023-40) Printing of substitute forms for 2023 for certain information returns; red-ink; Rev. Proc. 2022-25 superseded.
Rev. Proc. 2023-29 (IRB 2023-37) Sec. 36B; aqpplicable percentage table for 2024 to use in calculating individual's premium tax credit; eligibility for employer-sponsored minimum essential coverage.
Rev. Proc. 2023-27 (IRB 2023-35) Sec. 48; T.D. 9979; energy investment credit; low-income communities; application information.
Rev. Proc. 2023-26 (IRB 2023-33) Program for fast-track processing of certain requests for letter rulings dolely or primarily under the jurisdiction of Associate Chief Counsel (Corporate); Rev. Proc. 2022-10 replaced.
Rev. Proc. 2023-25 (IRB 2023-31) Specifications for private printing of red-ink substitutes for 2023 Forms W-2 and W-3; Rev. Proc. 2022-30 superseded.
Rev. Proc. 2023-24 (IRB 2023-28) List of automatic procedures for taxpayer-initiated requests for changes in methods of accounting; change in method of accounting eligible under section 5.01(1) of Revenue Procedure 2015-13.
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

T.D. 9983 (IRB 2023-46) Mortality tables to be used with most defined benefit pension plans; determination of minimum funding requirements of plan.T.D. 9982 (IRB 2023-45) User fees; new and renewal enrollment of enrolled actuaries; cost recalculated; $680.
T.D. 9981 (IRB 2023-44) Sec. 509; 501; 501(c)(3) organizations to qualify as public charities when they are operated by a supported organization; Type 1 Supporting Organizations.
T.D. 9980 (IRB 2023-43) PTIN; preparer tax identification number; user fee; cost per application reduced from $21 to $11.
T.D. 9979 (IRB 2023-35) Sec. 48; energy investment credit; low-income communities; application information.
T.D. 9978 (IRB 2023-32) Sec. 3111; 3131; 3132; 3134; 3221; reconciling advance payments of refundable employment tax credits; recapturing erroneous refunds of credits.
T.D. 9977 (IRB 2023-31) Sec. 172; Carryback provisions of net operating losses; NOLs; temporary regulations adopted.
T.D. 9976 (IRB 2023-30) Transition from London interbank interest rate; LIBOR; IBOR; SOFR; secured overnight financing rate.
T.D. 9975 (IRB 2023-27) Sec. 48D; 6417; 6418; elections under these code sections; mandatory information and pre-filing registration requirements.
T.D. 9973 (IRB 2023-11) Sec. 951; treat members of a consolidated group as a single U.S. shareholder in certain purposes.
T.D. 9972 (IRB 2023-11) Amending rules for filing certain returns and statements electronically; changes made by Taxpayer First Act of 2019.
T.D. 9971 (IRB 2023-3) Withholding on sale of United States real property interest from foreign person; foreign pension funds which are exempt.
T.D. 9970 (IRB 2023-2) Automatic extension of time for providers of minimum essential coverage; health insurance agencies, self-insured employers, government agencies; to firnish statements regarding such coverage and an alternative method for furnishing statementments; automatic extension for applicable large employers (50 or more employees).

Proposed Regulations

REG-132569-17 (IRB 2023-52) Sec. 46; 48; energy credit; eligible energy property; increased energy credit if prevailing wage and registered apprenticeship requirements met.
REG-104194-23 (IRB 2023-51) Statutory changes resulting fro SECURE 2.0; amend rules to plans that include cash or deferred arrangements; long-time, part-time employees.
REG-132422-17 (IRB 2023-50) Income and currency gain or loss with respect to a qualified business unit; election to treat as marked items; recognize gain on an annual basis.
REG-131756-11 (IRB 2023-50) Sec. 267; 707; related persons who are subject to special rules pertaining to transactions with partnerships.
REG-128276-12 (IRB 2023-49) Sec. 987; comment period reopening; determination and recognition of taxable income; foreign currency gain or loss with respect to a qualified business unit.
REG-142338-07 (IRB 2023-49) Sec. 4966; donor advised funds; DAF; excise tax on prohibited transactions; taxable distributions.
REG-112916-23 (IRB 2023-49) Sec. 170; 706; statutory disallowance tax deduction for qualified conservation contribution; partnership or S corporation.
REG-120727-21 (IRB 2023-47) Extension of comment period; Requirements Related to the Mental Health Parity and Addiction Equity Act.
REG-115762-23 (IRB 2023-47) Independent dispute resolution; fee charged; rules for calculating administrative fee.
REG-103525-23 (IRB 2023-46) Update requirement plan sponsor of single-employer defined benefit plan must meet to obtain IRS approval to use mortality tables.
REG-117614-14 (IRB 2023-44) Sec. 367; corporations that acquire parent stock in exchange for property; triangular reorganizations; adjustments athat have the effect of a distribution of property; inbound nonrecognition transactions.
REG 127391.16 (IRB 2023-44) Sale of a taxpayer's property the IRS seizes by levy; maximize sale proceeds for the benefit of the taxpayer.
REG 113064-23 (IRB 2023-43) Sec. 30D, 25E; transfer of clean vehicle credit and previously owned clean vehicle credit from taxpayer to eligible entity; dealer registrations; Rev. Proc. 2022-42 superseded.
REG 103203-23 (IRB 2023-43) PTIN; preparer tax identification number; user fee; cost per application reduced from $21 to $11.
REG 115559-23 (IRB 2023-42) Reporting of excise tax imposed on manufacturers, producers, or importers of certain designated drugs.
REG 122793-19 (IRB 2023-38) Sales and exchanges of digital assets; cryptocurrency; filing of information returns; disclosure by real estate closing agents.
REG 120727-21 (IRB 2023-36) Amendments to regulations implementing Mental Health Parity and Addiction Equity Act of 2008; MHPAEA; nonquantitative treatment limitation; NQTL.
REG 109348-22 (IRB 2023-35) Sec. 6011; monetized installment sale transactions and substantially similar transactions as listed transactions; reportable transactions.
REG 134420-10 (IRB 2023-34) Sec. 1502; 1503; 1552; 1563; revision of consolidated return regulations to reflect statutory changes; modernize language; clarify.
REG 120730-21 (IRB 2023-33) Definition of "individual health insurance coverage"; definition of short-term, limited-dration insurance; rules for hospital indemnity; clarify tax treatment for employment-based accident or health insurance paid without regard to incurred medical expenses.
REG 124930-21 (IRB 2023-32) Patient Protection and Affordable Care Act; coverage of preventive services; non-grandfathered group health plans; certain contraceptive services without cost sharing; recinding moral exemption rule.
REG 124123-22 (IRB 2023-30) Methodology for constructing corporate bond yield curve; interest rate used in calculating present value; defined benefit plan; insurance companies; unpaid losses and estimated salvage recoverable.
REG 101610-23 (IRB 2023-27) Sec. 6418; election to transfer eligible tax credits; partnerships and S corporations.
REG 101607-23 (IRB 2023-27) Sec. 6417; election to treat certain tax credits as a payment of Federal income tax; special rules applicable to partnerships and S corporations; excessive payments.
REG 105595-23 (IRB 2023-27) Sec. 48D; elective payment election of advanced manufacturing investment credit; finished semiconductors.
REG 106228-22 (IRB 2023-26) Reportable transaction; Malta personal retirement scheme transactions as listed transactions.
REG 110412-23 (IRB 2023-26) Sec. 48; low income communities bonus energy investment credit; Inflation Reduction Action; solar and wind powered-electricity facilities; environmental justice.
REG 108054-21 (IRB 2023-23) Sec. 101; 6050Y; life insurance contracts; transfer for consideration; reporting requirements; nonrecognition of gain or loss; corporate reorganizations.
REG 124064-19 (IRB 2023-21) Sec. 367; transfer of tangible property to a related foreign corporation; deemed income inclusion in certain cases.
REG 121709-19 (IRB 2023-17) Supervisor approval of penalties; uncertainty caused by recent court decisions.
REG 109309-22 (IRB 2023-17) Sec. 6011; 6111; 6112; micro-captive transactions; listed transactions; transactions for interest; reporting requirements; material advisors.
REG 120080-22 (IRB 2023-16) Sec. 30D; credit for clean vehicles; rules for claiming the credit.
REG 105954-22 (IRB 2023-16) Sec. 4661; 4662; 4671; 4672; Superfund chemical taxes; excise tax on sale or use of taxable substances by importers; reinstatement of provision.
REG 120653-22 (IRB 2023-15) Sec. 48D; advanced manufacturing credit; CHIPS Act; incentivize manufacture of semiconductors and semiconductor manufacturing equipment in U.S.
REG 122286-18 (IRB 2023-11) Rules relating to the forfeitures in qualifed retirement plans; deadline for use in defined contribution plans; use of forfeiture amounts.
REG 114666-22 (IRB 2023-4) Sec. 401; participant election rules; alternatives to the physical presence requirement; witnessing spousal consent.
REG 100442-22 (IRB 2023-3) Sec. 892; 897; limited exemption from taxation for foreign governments; foreign person taxed on gain on sale of U.S. real estate; REITs and RICs; when qualified investment entity domestically controlled.
REG 146537-06 (IRB 2023-3) Sec. 892; IRS reopening comment period for REG-146537-06; exemption from taxation afforded foreign governments.

Notices

Notice 2023-80 (IRB 2023-52) Sec. 59; 78; 704; 901; 903; 951A; 954; 960; 1503; foreign tax credit rules; dual consolidated loss rules; extends and modifies Notice 2023-55.
Notice 2023-79 (IRB 2023-52) Sec. 401; 403; required amendments list; qualified individually designed plans.
Notice 2023-74 (IRB 2023-51) Sec. 6050W; Form 1099-K, Payment Card and Third Party Network Transactions; further transition period; $20,000 amount and 200 transzaction threshold applies through calendar year 2023; lowered threshold applies beginning in 2024.
Notice 2023-76 (IRB 2023-49) Corporate bond monthly yield curve November 2023; Sec. 417; 430; interest rate on 30-year Treasury securities.
Notice 2023-75 (IRB 2023-47) Sec. 415; cola adjustments for pension plans, IRAs, etc.; inflation adjustments.
Notice 2023-73 (IRB 2023-45) Sec. 417; mortality table for minimum present value; distributions with annuity start dates beginning in 2024.
Notice 2023-72 (IRB 2023-45) Corporate bond monthly yield curve October 2023; Sec. 417; 430; interest rate on 30-year Treasury securities.
Notice 2023-70 (IRB 2023-45) Sec. 4375; 4376; fee on issuers of specified health insurance policies; self-insured plans; PCORTF; Patient Centered Outcomes Research Trust Fund.
Notice 2023-71 (IRB 2023-44) Sec. 7508; relief to taxpayers affected by the October 7, 2023 terrorists attacks on the State of Israel; postponement of certain deadlines.
Notice 2023-69 (IRB 2023-42) Sec. 170; certain charitable relief to aid victims of the Hawaii woildfires that began on August 8, 2023; employer-sponsored leave-based programs; election to forgo vacation or personal leave in exchange for cash payments made by employer.
Notice 2023-68 (IRB 2023-42) Sec. 1033; four-year replacement period extended for livestock sold on account of drought; list of counties qualifying; 12-month period ending August 31, 2023.
Notice 2023-65 (IRB 2023-42) Sec. 45L; new energy efficient home credit; qualified new energy efficient homes; who is eligible for credit; certification requirements; substantiation requirements.
Notice 2023-68 (IRB 2023-41) Optional special per diem rates; 2023-2024; for use in substantiating the amount of ordinary and necessary business expenses will traveling away from home; high-low substantiation method. Notice 2023-66 (IRB 2023-40) Corporate bond monthly yield curve September 2023; Sec. 417; 430; interest rate on 30-year Treasury securities.
Notice 2023-64 (IRB 2023-40) Corporate alternative minimum tax; interim guidance; determining applicable financial statement; adjusted financial statement income; AFSI.
Notice 2023-63 (IRB 2023-39) Sec. 174; intent to issue regulatory guidance; issues regarding specified research or experimental expenditures; definitions of terms; allocation of costs; software development; research provided under contract; disposition of property; long-term contracts.
Notice 2023-56 (IRB 2023-38) Refunds of State or local taxes and certain other payments made by State or local governments to individuals.
Notice 2023-62 (IRB 2023-37) SECURE 2.0 Act; 2-year transition period; catch-up contributions for designation as Roth contributions.
Notice 2023-61 (IRB 2023-35) Corporate bond monthly yield curve August 2023; Sec. 417; 430; interest rate on 30-year Treasury securities.
Notice 2023-52 (IRB 2023-35) Sec. 5000D; excise tax on certain sales of certain drugs by manufacturers, producers and importers of drugs.
Notice 2023-59 (IRB 2023-34) Sec. 25C; proposed regulations; Home Energy Audits; energy efficient home improvement credit; transition rule for audits conducted in 2023.
Notice 2023-58 (IRB 2023-34) Sec. 45I; reference price for qualified natural gas production from qualified marginal wells for 2023.
Notice 2023-57 (IRB 2023-34) Sec. 43; inflation adjustment factor; enhanced oil recovery credit; credit for qualified costs phaseed out completely for 2023.
Notice 2023-55 (IRB 2023-32) Sec. 901; 903; determining whether a foreign tax meets definition of foreign income tax.
Notice 2023-53 (IRB 2023-32) Corporate bond monthly yield curve July 2023; Sec. 417; 430; interest rate on 30-year Treasury securities.
Notice 2023-54 (IRB 2023-31) Sec. 401; 4974; distributions from pension plans; required minimum distributiion, RMD; SECURE 2.0 Act of 2022.
Notice 2023-51 (IRB 2023-30) Sec. 45; inflation adjustment factor for calendar year 2023; renewable electricity production credit; credit amounts.
Notice 2023-50 (IRB 2023-30) Sec. 613A; percentage depletion on marginal properties for calendar year 2023.
Notice 2023-37 (IRB 2023-30) Sec. 223; Notice 2020-15 modified; high deductible health plans; preventive care safe harbor in Notice 2004-23; COVID-19
Notice 2023-47 (IRB 2023-29) Sec. 45; 45Y; 48; 48C; 48E; Notice 2023-29; information to determine Statistical Area Category or Coal Closure Category; Brownfield Category.
Notice 2023-45 (IRB 2023-29) Notice 2023-29 clarified; IR-2023-69; brownfield site safe harbor; cpacity not greater than 5 megawatts; beginning of construction.
Notice 2023-29 (IRB 2023-29) Sec. 45; 45Y; 48; 48E; intent to propose regulations; rules under energy community bonus credit; increased rates or credits; qualified facilities; energy storage technologies.
Notice 2023-48 (IRB 2023-27) Corporate bond monthly yield curve June 2023; Sec. 417; 430; interest rate on 30-year Treasury securities.
Notice 2023-49 (IRB 2023-26) Sec. 43; 45K; 45L; 613A; reference price under Sec. 45K(d)(2)(C) for 2022; enhanced oil recovery credit; marginal well production credit; percentage depletion oil and natural gas produced from marginal properties.
Notice 2023-46 (IRB 2023-26) Sec. 45Q; inflation adjustment factor for the carbon oxide sequestration credit for 2023.
Notice 2023-42 (IRB 2023-26) Sec. 6655; corporate alternative minimum tax; CAMT; relief from the addition to tax for underpayment of estimated taxes.
Notice 2023-44 (IRB 2023-25) Sec. 45X, 48C; definition of qualifying advance energy projects; criteria used to evaluate project merits.
Notice 2023-43 (IRB 2023-24) Interim guidance on update of Rev. Proc. 2021-30; SECURE 2.0 Act; expansion of Self-Correction Program under EPCRS.
Notice 2023-41 (IRB 2023-23) Sec. 45I; applicable reference price for qualified natural gas production from qualified marginal wells for 2022; marginal well production credit.
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; retrofitted projects; energy projects; energy storage.
Notice 2023-36 (IRB 2023-21) 2023-2024 Priority Guidance Plan; recommendations solicited.
Notice 2023-33 (IRB 2023-18) Corporate bond monthly yield curve April 2023; Sec. 417; 430; interest rate on 30-year Treasury securities.
Notice 2023-30 (IRB 2023-17) Charitable contributions; contribution of property easement; safe harbor deed language for extinguishment and boundary line adjustment clauses required under SECURE 2.0 Act; process to amend language.
Notice 2023-31 (IRB 2023-16) Sec. 903; extension of transition period from May 17, 2023 to 180 day8s after final regulations filed with Federal Register; single country exception; royalties for use of intellectual property.
Notice 2023-28 (IRB 2023-15) Sec. 4661; 4671; Superfund chemical taxes; failure to deposit penalty; deposit safe harbor rules; relief under Notice 2022-15 extended.
Notice 2023-27 (IRB 2023-15) Sec. 408; collectibles; nonfungible tokens; NFTs; also applies to long-term capital gain treatment. Notice 2023-19 (IRB 2023-14) Corporate bond monthly yield curve March 2023; Sec. 417; 430; interest rate on 30-year Treasury securities.
Notice 2023-26 (IRB 2023-13) Sec. 911; adjustment to limitation on housing expenses for taxpayers living and working abroad; adjusted amounts applicable to 2022 tax year.
Notice 2023-24 (IRB 2023-13) Sec. 45J; general rules for determining the credit for production from advanced nuclear power facilities; unutilized national megawatt capacity limitation.
Notice 2023-23 (IRB 2023-13) Sec. 401; guidance to financial institutiions on reporting required minimum distributions; RMD.
Notice 2023-22 (IRB 2023-12) Sec. 42; 142; 146; resident populations of the 50 states, D.C. Puerto Rico; state housing credit ceiling; private activity bond volume cap.Notice 2023-21 (IRB 2023-11) Sec. 7508A; postponement of lookback period under Sec. 6511 for certain taxpayers to file a claim for refund; alings lookback perids with the postponed 2020 and 2021 tax return filing due dates.
Notice 2023-19 (IRB 2023-11) Corporate bond monthly yield curve Feb 2023; Sec. 417; 430; interest rate on 30-year Treasury securities.
Notice 2023-20 (IRB 2023-10) Interim guidance to insurance companies; adjusted financial statement income; AFSI; corporate alternative minimum tax.
Notice 2023-18 (IRB 2023-10) Sec. 48C; allocation of $10 billlon of Sec. 48C credits; certain energy communities.
Notice 2023-17 (IRB 2023-10) Sec. 48; program to allocate environmental justice solar and wind capacity limitation.
Notice 2023-16 (IRB 2023-7) Notice changes vehicle classification standard for vans, sport utility vehicles, pickup trucks and other vechicles; Notice 2023-1 modified.
Notice 2023-13 (IRB 2023-6) Notice of proposed revenue procedure; Service Industry Tip Compliance Agreement; SITCA; voluntary tip reporting program; service industry including gaming; replacing Employer-Designed Tip Reporting Program; EmTRAC.
Notice 2023-11 (IRB 2023-6) Corporate bond monthly yield curve January 2023; Sec. 417; 430; interest rate on 30-year Treasury securities.
Notice 2023-11 (IRB 2023-3) FACTA reporting relief to Model 1 FFIs who have not been ab le to obtain U.S. TINs for pre-oexisting accounts.
Notice 2023-10 (IRB 2023-3) Third party settlement organizations; TPSO; trnasition period for purposes of enforcement and administration; modified de minimis exception; $20,000 amount and 200 transaction threshold.
Notice 2023-9 (IRB 2023-3) Sec. 45W; Commercial clean air vehicles; incremental cost of manufactureed vehicles; $7,500.
Notice 2023-7 (IRB 2023-3) Corporate alternative minimum tax; forthcoming aregulations; special rules; consolidated returns; depreciation of Sec. 168 property; determining "applicable" corporation.
Notice 2023-3 (IRB 2023-3) Sec. 61; optional standard mileage rates for computing cost of operating an auto for business, medical, anc charitable purposes; depreciation assumed taken; maximum standard auto cost for fixed and variable plan.
Notice 2023-2 (IRB 2023-3) Sec. 4501; stock repurchase excise tax; M&A transactions; accelerated stock repurchases; compensatory stock awards; how to report and pay the excise tax.
Notice 2023-1 (IRB 2023-3) Sec. 30D; expected content of regulations; definitions of terms including final assembly, North America; classification for categories of vehicles.
Notice 2023-8 (IRB 2023-2) Sec. 1446; withholding onm the transfer of an interest in a publicly traded partnership; PTP; guidance to brokers.
Notice 2023-6 (IRB 2023-2) Sec. 34, 38, 40B, 87, 6426, 6427; sustainable aviation fuel credits; credit and payment rules.
Notice 2023-5 (IRB 2023-2) Corporate bond monthly yield curve December 2022; Sec. 417; 430; interest rate on 30-year Treasury securities.
Notice 2023-4 (IRB 2023-2) No Surprises Act; qualifying payment amount; QPA; indexing factors for group health plans and health insurance issuers; certain out-of-network items or services to patients.

Announcements

Announcement 2023-35 (IRB 2023-52) 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 2023-34 (IRB 2023-49) 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 2023-33 (IRB 2023-47) 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 2023-32 (IRB 2023-47) Office of Professional Responsibility; OPR; disciplinary sanctions.
Announcement 2023-31 (IRB 2023-46) 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 2023-30 (IRB 2023-45) 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 2023-29 (IRB 2023-41) 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 2023-28 (IRB 2023-37) Corrections to Rev. Proc. 2023-27l correction of four administrative items.
Announcement 2023-26 (IRB 2023-37) 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 2023-25 (IRB 2023-37) 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 2023-24 (IRB 2023-35) 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 2023-23 (IRB 2023-34) Office of Professional Responsibility; OPR; disciplinary sanctions.
Announcement 2023-22 (IRB 2023-32) 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 2023-21 (IRB 2023-31) 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 2023-17 (IRB 2023-31) Error in Rev. Proc. 2023-3.
Announcement 2023-20 (IRB 2023-30) 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 2023-19 (IRB 2023-30) 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 2023-18 (IRB 2023-30) Sec. 4501; excise tax on repurchases of corporate stock not required before time specified in forthcoming regulations; requirement to keep records.
Announcement 2023-15 (IRB 2023-21) 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 2023-16 (IRB 2023-20) IRS will no longer conduct public hearings on proposed rulemaking solely by telephone; telephonic option still available.
Announcement 2023-14 (IRB 2023-19) 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 2023-13 (IRB 2023-18) Office of Professional Responsibility; OPR; disciplinary sanctions.
Announcement 2023-12 (IRB 2023-17) Form 3115 Application for Change in Accounting Method; has been revised; guidance on reasonable amount of time to transition December 2022 version.
Announcement 2023-11 (IRB 2023-17) Sec. 6011; notice of proposed regulation; certain micro-captive insurance transactions are listed transactions.
Announcement 2023-7 (IRB 2023-17) Federal civilian employees not employed by Federal government who received certain payments in 2022from Department of Defense as reimbursement for lodguing, meals, etc. after release of petroleum from storage facility in Hawaii; payments excludable under Sec. 139.
Announcement 2023-10 (IRB 2023-16) Annual reporting concerning advance pricing agreements (APA) and Advance Pricing and Mutual Agreement Program (APMA).
Announcement 2023-9 (IRB 2023-15) 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 2023-8 (IRB 2023-14) 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 2023-6 (IRB 2023-8) IRS to issue opinion letters on plre-approved defined benefit plansthat were updated for changes in plan qualification requirements in Notice 2020-14.
Announcement 2023-5 (IRB 2023-8) Office of Professional Responsibility; OPR; disciplinary sanctions.
Announcement 2023-4 (IRB 2023-7) 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 2023-3 (IRB 2023-3) Notification that there were no articles submitted for publication in IRB 2023-5.
Announcement 2023-1 (IRB 2023-3) Sec. 179D; energy efficient commercial building property deduction; new reference standard.
Announcement 2023-2 (IRB 2023-2) Sec. 6045, 6045A; rules regarding the reporting of information on digital assets by brokers; report based on existing law; no change until new final regulations issued.

Action On Decision

Action on Decision 2023-2 (IRB 2023-11) Issue 1-nonacquiescence to conclusion that failure to report transactions fully or consistently should not be a major factor for taxpayer to disavow form of transctions; Issue 2-nonacquiescence to dtermination that the fair market value of a "Deferred Payment Right" for puposes of Sec. 351 is not equal to its issue price; Complex Media Inc. T.C. Memo. 2021-14.
Action on Decision 2023-1 (IRB 2023-10) Sec. 4611; imposition of tax on exports in violation of the Export Clause of the United States Constitution; acquiescence in the interest of sound tax administration; Trafigura Trading LLC 5th Circuit.

Links to Individual Bulletins

Copyright 2023 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

Return to Home Page

--Last Update 12/15/23