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 June 2013.

Final regulations under section 336(e) of the Code provide for an election to treat the sale, exchange, or distribution of at least 80 percent of the stock of a domestic subsidiary corporation or a subchapter S corporation as a sale of the corporation’s assets, rather than a sale of its stock.

These proposed regulations provide guidance on the interpretation and application of section 833(c)(5). They guide certain health care organizations in computing and applying the medical loss ratio added to the Code by the Patient Protection and Affordable Care Act. A public hearing is scheduled for September 17, 2013.

The conclusive presumption regulations (sections 1.166-2(d)(1) and (3) of the Income Tax Regulations) reflect a policy that when there is sufficient similarity between the standards a tax administrator uses to permit a deduction for a bad debt and the standards a bank regulator uses to identify a loan that should be charged off, in whole or in part, the tax administrator should accept that determination for purposes of § 166. There have been changes to the standards used by bank regulators to determine bad debt. This notice therefore seeks public comment on whether changes in these bank regulatory standards make compliance with the conclusive presumption regulations problematic and whether application of the conclusive presumption regulations continues to be consistent with the principles of section 166.

The IRS has revoked its determination that Life Extension Foundation, Inc. of Ft. Lauderdale, FL, Mustard Seed Housing, Inc. of Petaluma, CA, and Northwest Regional Emergency Medical Services and Trauma Care Council of Bremerton, WA, qualify as organizations described in sections 501(c)(3) and 170(c)(2) of the Code.

This notice updates the appendix to Notice 2013-1, which lists the Indian tribes that have settled tribal trust cases against the United States. Notice 2012-60 originally was published in I.R.B. 2012-41 (October 9, 2012). Notice 2012-60 was superceded by Notice 2013-1 I.R.B. 2013-3, and the appendix to Notice 2013-1 was superceded by Notice 2013-16 (I.R.B. 2013-14). However, three additional tribes have settled cases against the United States since the publication of Notice 2013-16, so this notice modifies and supersedes the appendix to Notice 2013-16.

This proposed revenue procedure provides issuers of qualified mortgage bonds, as defined in § 143(a) of the Code, and issuers of mortgage credit certificates, as defined in § 25(c), with the United States median gross income figure most recently computed by the Department of Housing and Urban Development (HUD). The proposed revenue 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 §§ 25(c)(2)(A)(iii)(IV) and 143(f)(5). Rev. Proc. 2012-16 is obsoleted with exceptions.