This is the table of contents of Internal Revenue Bulletin IRB 2012-40. 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.
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.
Final regulations under section 1273 of the Code clarify the circumstances in which property is traded on an established market (that is, publicly traded) for purposes of determining the issue price of a debt instrument.
This procedure provides domestic asset/liability percentages and domestic investment yields needed by foreign life insurance companies and foreign property and liability insurance companies to compute their minimum effectively connected net investment income under section 842(b) of the Code for taxable years beginning after December 31, 2010.
This notice was released to the media on August 31, 2012. This notice informs taxpayers that the IRS has granted an extension of time to electronically file Forms 2290 (“Heavy Highway Vehicle Use Tax Return”) that were due on August 31, 2012. The extension of time to file electronic returns was granted because the IRS Modernized eFile (MeF) system was unavailable from August 31, 2012, through September 4, 2012, for electronic filing of Form 2290. The time to file the Form 2290 and pay the associated tax has been extended from August 31, 2012, to September 7, 2012.
Proposed regulations modify the standards governing written advice, clarify recent amendments to Circular 230, and update certain provisions as appropriate.
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