This notice provides guidance regarding discrete issues related to the application of the nondiscrimination rules of section 403(b)(12) with respect to the ERISA long-term, part-time (LTPT) employee rules for a section 403(b) plan. The ERISA LTPT rules were added under section 125 of the SECURE 2.0 Act of 2022 and are effective for plan years beginning after December 31, 2024. This notice also (1) provides that the Department of the Treasury and the Internal Revenue Service anticipate issuing proposed regulations with respect to section 403(b)(12)(D) and guidance with respect to sections 202(c) and 203(b)(4) of ERISA, (2) announces that the final regulation that the Treasury Department and the IRS intend to issue related to long term, part time employees under section 401(k) plans will apply no earlier than to plan years that begin on or after January 1, 2026, and (3) asks for comments on the content of this notice.

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).

This notice explains the circumstances under which the four-year replacement period under section 1033(e)(2) is extended for livestock sold on account of drought. The Appendix to this notice contains a list of counties that experienced exceptional, extreme, or severe drought conditions during the 12-month period ending August 31, 2024. Taxpayers may use this list to determine if any extension is available.

This revenue procedure provides guidance on the effect on the income requirements under §§ 142(d) and 42 of the alternative income eligibility requirements for the Department of Housing and Urban Development–Veterans Affairs Supportive Housing (HUD–VASH) program set forth in the notice published by HUD in the Federal Register on August 13, 2024, 89 FR 65769.

26 CFR 601.105: Examination of returns and claims for refund, credit or abatement; determination of correct tax liability.

(Also: Part 1, §§ 142 and 42)

The revenue ruling holds that Bourse de Montréal (MX), a regulated exchange of Québec, Canada, is a “qualified board or exchange” within the meaning of section 1256(g)(7)(C).

(Also §§ 446, 481, 7805; 1.446-1, 301.7805-1).

The revenue ruling holds that European Energy Exchange, a regulated exchange of Germany, is a “qualified board or exchange” within the meaning of section 1256(g)(7)(C).

(Also §§ 446, 481, 7805, 1.446-1, 301.7805-1).

This document contains final regulations that identify certain syndicated conservation easement transactions and substantially similar transactions as listed transactions, a type of reportable transaction. Material advisors and certain participants in these listed transactions are required to file disclosures with the IRS and are subject to penalties for failure to disclose. The regulations affect participants in these transactions as well as material advisors.

26 CFR 1.6011-9: Syndicated conservation easement listed transactions

This notice grants relief under section 7508A to taxpayers affected by terrorist attacks throughout 2023 and 2024 in the State of Israel. The notice postpones deadlines for certain time-sensitive taxpayer acts (e.g., filing and paying taxes) and government acts (e.g., assessing and collecting taxes) for affected taxpayers for a full year, until September 30, 2025. The “covered area” includes the State of Israel, the West Bank and Gaza. The notice also identifies categories of affected taxpayers and provides a non-exhaustive list of the acts postponed. The separate determination of terroristic action and grant of relief in this notice will also postpone acts that were postponed by Notice 2023-71 until September 30, 2025 for taxpayers eligible for relief under both notices.