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IRB 2013-07

Table of Contents
(Dated February 11, 2013)
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This is the table of contents of Internal Revenue Bulletin IRB 2013-07. 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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Highlights of This Issue

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.

INCOME TAX

Proposed regulations under section 6109 of the Code create a new taxpayer identifying number known as an IRS truncated taxpayer identification number, a TTIN. Notice 2011-38 obsoleted. A public hearing is scheduled for March 12, 2013.

This procedure provides guidance to mortgage loan holders, loan servicers, and borrowers who are participating in the Department of the Treasury’s (Treasury) and Department of Housing and Urban Development’s (HUD) Home Affordable Modification Program (HAMP).

EMPLOYMENT TAX

This notice provides a special administrative procedure that allows employers that treated transit benefits in excess of $125 per month per employee as wages in 2012 and have not yet filed their fourth quarter Form 941 for 2012 to make the necessary corrections on their fourth quarter Form 941.

ADMINISTRATIVE

Proposed regulations under section 6109 of the Code create a new taxpayer identifying number known as an IRS truncated taxpayer identification number, a TTIN. Notice 2011-38 obsoleted. A public hearing is scheduled for March 12, 2013.

This notice sets forth the maximum face amount of Qualified Zone Academy Bonds (“Bond” or “Bonds”) that may be issued for each State for the calendar years 2012 and 2013. For this purpose, “State” includes the District of Columbia and the possessions of the United States.

This procedure provides guidance to mortgage loan holders, loan servicers, and borrowers who are participating in the Department of the Treasury’s (Treasury) and Department of Housing and Urban Development’s (HUD) Home Affordable Modification Program (HAMP).



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