This is the table of contents of Internal Revenue Bulletin IRB 2024-35. Click on an entry to view the entry. Items shown under "Highlights of This Issue" open summaries of each IRB-referenced document only. Scroll to Parts I, II, etc. to view the full text versions of each IRB-referenced document. Use the "Keyword Search" option of TouchTax to search the full text of all Internal Revenue Bulletins, including this IRB.
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Special Use Value: Farms: Interest Rates. The 2024 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 estate of decedents.
26 CFR 20.2032A-4: Method of valuing farm real property.
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).
Section 1503(d) and the regulations thereunder determine the deductibility of certain losses of a domestic corporation. The proposed regulations provide rules that would refine certain computations and would also address the application of section 1503(d) to certain foreign taxes that are intended to ensure that multinational enterprises pay a minimum level of tax. The proposed regulations also contain rules regarding certain disregarded payments of domestic corporations that give rise to losses for foreign tax purposes.
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