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This Week's Internal Revenue Bulletin

AUG. 24, 2015

2015-34 IRB 1

DATED AUG. 24, 2015
DOCUMENT ATTRIBUTES
  • Institutional Authors
    Internal Revenue Service
  • Subject Area/Tax Topics
  • Jurisdictions
  • Language
    English
  • Tax Analysts Document Number
    Doc 2015-19176
  • Tax Analysts Electronic Citation
    2015 TNT 163-11
Citations: 2015-34 IRB 1

 

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.

 

INCOME TAX

 

 

Notice 2015-54 2015 TNT 152-9: Internal Revenue Bulletin, page 210. This notice announces that the Treasury Department and the IRS intend to issue regulations under section 721(c) to ensure that, when a U.S. person transfers certain property to a partnership that has foreign partners related to the transferor, income or gain attributable to the property will be taken into account by the transferor either immediately or periodically. This notice also announces that the Treasury Department and the IRS intend to issue regulations under sections 482 and 6662 applicable to controlled transactions involving partnerships to ensure the appropriate valuation of such transactions.

 

EMPLOYEE PLANS

 

 

Notice 2015-55 2015 TNT 154-8: Internal Revenue Bulletin, page 217. This notice sets forth updates on the corporate bond monthly yield curve, the corresponding spot segment rates for August 2015 used under § 417(e)(3)(D), the 24-month average segment rates applicable for August 2015, and the 30-year Treasury rates. These rates reflect the application of § 430(h)(2)(C)(iv), which was added by the Moving Ahead for Progress in the 21st Century Act, Public Law 112-141 (MAP-21) and amended by section 2003 of the Highway and Transportation Funding Act of 2014 (HATFA).

 

EXEMPT ORGANIZATIONS

 

 

Announcement 2015-21 2015 TNT 163-10: Internal Revenue Bulletin, page 220. Revocation of IRC 501(c)(3) Organizations for failure to meet the code section requirements. Contributions made to the organizations by individual donors are no longer deductible under IRC 170(b)(1)(A).

 

ESTATE TAX

 

 

Rev. Rul. 2015-18 2015 TNT 163-13: IRS Revenue Rulings, page 209. Special Use Value; Farms; Interest Rates. The 2015 interest rates to be used in computing the special use value of farm real property for which an election is made under section 2032A of the Code are listed for estates of decedents.
DOCUMENT ATTRIBUTES
  • Institutional Authors
    Internal Revenue Service
  • Subject Area/Tax Topics
  • Jurisdictions
  • Language
    English
  • Tax Analysts Document Number
    Doc 2015-19176
  • Tax Analysts Electronic Citation
    2015 TNT 163-11
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