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

Notice 2019-18, page 915. This notice is to inform taxpayers that the Department of the Treasury and the Internal Revenue Service no longer intend to amend the required minimum distribution regulations under § 401(a)(9) of the Internal Revenue Code to address the practice of offering retirees and beneficiaries who are currently receiving annuity payments under a defined benefit plan a temporary option to elect a lump-sum payment in lieu of future annuity payments.

EXCISE TAX

Notice 2019-10, page 913. This notice requests comments related to the excise tax imposed on fuels used in a power take-off or power transfer (collectively “PTO”) to operate auxiliary equipment on a motor vehicle, when such equipment is unrelated to the propulsion of the vehicle. The notice requests that the public submit comments by July 23, 2019.