This is the table of contents of Internal Revenue Bulletin IRB 2012-45. 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 provides interim guidance under section 6050W of the Code to payment settlement entities (as defined in Regulations section 1.6050W-1(a)(4)(i)) (PSEs) that are United States payors or United States middlemen (each as defined in Regulations section 1.6049-5(c)(5)) regarding the circumstances under which the return of information required under Regulations section 1.6050W-1(a)(1) is required with respect to a payment to an offshore account. Treasury and the Service intend to amend the regulations under section 6050W to reflect the guidance provided in this notice and Notice 2011-71, 2011-37 I.R.B. 233. PSEs may rely on the interim guidance in this notice until the regulations are amended.
Federal rates; adjusted federal rates; adjusted federal long-term rate and the long-term exempt rate. For purposes of sections 382, 642, 1274, 1288, and other sections of the Code, tables set forth the rates for October 2012.
This notice provides interim guidance under section 6050W of the Code to payment settlement entities (as defined in Regulations section 1.6050W-1(a)(4)(i)) (PSEs) that are United States payors or United States middlemen (each as defined in Regulations section 1.6049-5(c)(5)) regarding the circumstances under which the return of information required under Regulations section 1.6050W-1(a)(1) is required with respect to a payment to an offshore account. Treasury and the Service intend to amend the regulations under section 6050W to reflect the guidance provided in this notice and Notice 2011-71, 2011-37 I.R.B. 233. PSEs may rely on the interim guidance in this notice until the regulations are amended.
This procedure sets forth the 2013 cost-of-living adjustments to certain items due to inflation as required under various provisions of the Code and Service guidance. This procedure does not include the following items: the tax rate tables under section 1 , the adoption credit under section 23, the child tax credit under section 24, the Hope Scholarship and Lifetime Learning Credits under section 25A, the earned income credit under section 32, the standard deduction under section 63, the overall limitation on itemized deductions under section 68, the adoption assistance exclusion under section 137, the personal exemption under section 151, the interest on education loans under section 221, and the unified credit against estate tax for estates of decedents under section 2010(c). Those items will be addressed in future guidance.
The IRS has revoked its determination that American Lithuanian Childcare Association of Chicago, IL; Angel Wings Foundation of Orem, UT; Concord International High School, Inc., of Los Angeles, CA; Contra Costa Amateur Cheerleading Association, Inc., of Concord, CA; Golden Rain Foundation of Laguna Woods of Laguna Woods, CA; Grandma's Child Care of Cassopolis, MI; Holy Cross Canoga Park of Canoga Park, CA; Innovation Treatment Centers, Inc., of Rialto, CA; Pacific Epilepsy Society of Puunene, HI; Play 4 Life, Inc., of New York, NY; Scruggs & Associates Family Counseling Center, Inc., of Stafford, TX; Social and Economic Rights Action Center of Gaithersburg, MD; Social and Economic Rights Action Center of Washington, DC; The Retired Enlisted Association Incorporated Auxiliary #47 of Fayetteville, NC; Treasures for the Kingdom of Allen, TX; World Health and Education Foundation of Danville, CA, qualify as organizations described in sections 501(c)(3) and 170(c)(2) of the Code.
This procedure sets forth the 2013 cost-of-living adjustments to certain items due to inflation as required under various provisions of the Code and Service guidance. This procedure does not include the following items: the tax rate tables under section 1 , the adoption credit under section 23, the child tax credit under section 24, the Hope Scholarship and Lifetime Learning Credits under section 25A, the earned income credit under section 32, the standard deduction under section 63, the overall limitation on itemized deductions under section 68, the adoption assistance exclusion under section 137, the personal exemption under section 151, the interest on education loans under section 221, and the unified credit against estate tax for estates of decedents under section 2010(c). Those items will be addressed in future guidance.
This procedure sets forth the 2013 cost-of-living adjustments to certain items due to inflation as required under various provisions of the Code and Service guidance. This procedure does not include the following items: the tax rate tables under section 1 , the adoption credit under section 23, the child tax credit under section 24, the Hope Scholarship and Lifetime Learning Credits under section 25A, the earned income credit under section 32, the standard deduction under section 63, the overall limitation on itemized deductions under section 68, the adoption assistance exclusion under section 137, the personal exemption under section 151, the interest on education loans under section 221, and the unified credit against estate tax for estates of decedents under section 2010(c). Those items will be addressed in future guidance.
This procedure sets forth the 2013 cost-of-living adjustments to certain items due to inflation as required under various provisions of the Code and Service guidance. This procedure does not include the following items: the tax rate tables under section 1 , the adoption credit under section 23, the child tax credit under section 24, the Hope Scholarship and Lifetime Learning Credits under section 25A, the earned income credit under section 32, the standard deduction under section 63, the overall limitation on itemized deductions under section 68, the adoption assistance exclusion under section 137, the personal exemption under section 151, the interest on education loans under section 221, and the unified credit against estate tax for estates of decedents under section 2010(c). Those items will be addressed in future guidance.
This procedure sets forth the 2013 cost-of-living adjustments to certain items due to inflation as required under various provisions of the Code and Service guidance. This procedure does not include the following items: the tax rate tables under section 1 , the adoption credit under section 23, the child tax credit under section 24, the Hope Scholarship and Lifetime Learning Credits under section 25A, the earned income credit under section 32, the standard deduction under section 63, the overall limitation on itemized deductions under section 68, the adoption assistance exclusion under section 137, the personal exemption under section 151, the interest on education loans under section 221, and the unified credit against estate tax for estates of decedents under section 2010(c). Those items will be addressed in future guidance.
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