This is the table of contents of Internal Revenue Bulletin IRB 2012-10. 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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This notice informs state housing finance agencies participating in a specified pilot program of an alternative way to satisfy certain inspection and review responsibilities under regulations section 1.42-5(c)(2). The notice also invites taxpayers to comment generally on issues relating to regulations section 1.42-5 for potential changes to those rules.
This notice provides adjusted limitations on housing expenses for tax year 2012 for purposes of section 911 of the Code. Notices 2006-87, 2007-25, 2007-77, 2008-107, 2010-27 and 2011-8 superseded.
This procedure provides the requirements for furnishing substitute Schedule K-1, Partner’s Share of Income, Deductions, Credits, etc., in electronic format.
This notice grants to qualifying estates a six-month extension of time for filing an estate tax return (Form 706) to elect portability of an unused exclusion amount provided that qualifying estates file a request for an extension (Form 4768) within 15 months of the decedent’s death. A qualifying estate is the estate of a person who died, survived by a spouse, during the first half of calendar year 2011, and whose gross estate has a fair market value that does not exceed $5 million. With the extension granted by this notice, Form 706 must be filed within 15 months of the decedent’s death.
This notice grants to qualifying estates a six-month extension of time for filing an estate tax return (Form 706) to elect portability of an unused exclusion amount provided that qualifying estates file a request for an extension (Form 4768) within 15 months of the decedent’s death. A qualifying estate is the estate of a person who died, survived by a spouse, during the first half of calendar year 2011, and whose gross estate has a fair market value that does not exceed $5 million. With the extension granted by this notice, Form 706 must be filed within 15 months of the decedent’s death.
This procedure provides issuers of qualified mortgage bonds, as defined in section 143(a) of the Code, and issuers of mortgage credit certificates, as defined in section 25(c), with the United States median gross income figure most recently computed by the Department of Housing and Urban Development (HUD). The proposed procedure also provides these issuers with guidance concerning the area median gross incomes as computed by HUD. Issuers of qualified mortgage bonds (QMB) and mortgage credit certificates (MCC) must use these income figures in determining whether the income limitation placed on the beneficiaries of the mortgages and certificates may be increased because the residences to be financed are located in high housing cost areas. See sections 25(c)(2)(A)(iii)(IV) and 143(f)(5). Rev. Proc. 2011-37 obsoleted in part.
This procedure provides the requirements for furnishing substitute Schedule K-1, Partner’s Share of Income, Deductions, Credits, etc., in electronic format.
This procedure provides guidance regarding ex parte communications between Appeals and other Internal Revenue Service functions. Rev. Proc. 2000-43 amplified, modified and superseded.
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