This is the table of contents of Internal Revenue Bulletin IRB 2011-46. 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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Final regulations under section 355(a)(3)(B) of the Code harmonize its application with the application of section 355(b), consistent with the 2006 amendments to section 355(b), the 2007 proposed regulations under section 355(b), and the 2007 grant of authority that was provided in the Tax Technical Corrections Act of 2007.
Proposed regulations under section 1502 of the Code will apply to corporations filing consolidated returns. The regulations will require a consolidated loss group or loss subgroup to redetermine its consolidated net unrealized built-in gain and loss in certain circumstances.
Insurance companies; loss reserves; discounting unpaid losses. The loss payment patterns and discount factors are set forth for the 2011 accident year. These factors will be used for computing discounted unpaid losses under section 846 of the Code.
Insurance companies; discounting estimated salvage recoverable. The salvage discount factors are set forth for the 2011 calendar year. These factors will be used for computing discounted estimated salvage recoverable under section 832 of the Code.
This announcement solicits public comments regarding the reallocation of available amounts of volume cap for Tribal Economic Development Bonds and provides requirements for a three-month extension of time to issue bonds to Indian tribal governments that have previously received an allocation of Tribal Economic Development Bond volume cap.
Final regulations under sections 170, 507, 509, 6033, and 6043 of the Code affect tax-exempt organizations required to file an annual return under section 6033. The regulations provide guidance relating to the elimination of the advance ruling process for new organizations and change in public support computation, procedures for organizations seeking classification as public charities, and guidance regarding the reporting of other information required on the annual return.
This notice postpones the effective date for potential backup withholding obligations imposed under section 3406 of the Code for payments made in settlement of payment card and third party network transactions (section 6050W payments).
This notice provides transitional relief from penalties for a section 6050W filer reporting incorrect information on information returns (Form 1099-K) and payee statements filed under section 6050W of the Code.
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