This Week's Internal Revenue Bulletin

HIGHLIGHTS OF THIS ISSUE

These synopses are intended only as aids to the reader in identifying the subject matter covered. They may not be relied upon as authoritative interpretations.

EMPLOYEE PLANS

NOT 2019-49, page 699. Notice 2019-49 extends the temporary nondiscrimination relief for closed defined benefit plans that is provided in Notice 2014-5, 2014-2 I.R.B. 276, by making that relief available for plan years beginning before 2021 if the conditions of Notice 2014-5 are satisfied.

EMPLOYMENT TAX + INCOME TAX

REG-101378-19, page 702. Employers must generally include the fair market value of the personal use of an employer-provided vehicle in an employee's income for federal income and employment tax pur-poses. IRS regulations provide various methods for valuing an employee's personal use of an employer-provided vehicle. In order to use some of these valuation methods, the fair market value of the vehicle cannot exceed a stated amount that is indexed for inflation each year. These proposed regulations explain how to determine the maximum fair market value of an employer-provided vehicle for purposes of these special valuation methods.

EXCISE TAX

NOT 2019-50, page 700. This Notice announces the applicable amount for the Affordable Care Act Section 9010 health insurance providers fee for the 2020 fee year.

INCOME TAX

NOT 2019-46, page 695. This notice announces that the Department of the Treasury and the Internal Revenue Service intend to issue regulations that will permit a domestic partnership or S corporation to apply the rules in proposed §1.951A-5 for taxable years ending before June 22, 2019. This notice also addresses the applicability of penalties in the case of a domestic partnership or S corporation that acted consistently with proposed §1.951A-5 on or before June 21, 2019, but files a tax return consistent with the final regulations under §1.951A-1(e). In order to apply the rules in proposed §1.951A-5 or for penalties not to apply as discussed in this notice, a domestic partnership or S corporation must satisfy certain notification and reporting requirements described in this notice.