This is the table of contents of Internal Revenue Bulletin IRB 2013-35. 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.
Temporary regulations explain how to account for unrealized gain or loss on a position held prior to establishing an identified mixed straddle.
Proposed regulations explain how to account for unrealized gain or loss on a position held prior to establishing an identified mixed straddle. Comments requested by October 31, 2013. A public hearing is scheduled for December 4, 2013.
These regulations propose revisions to examples that illustrate the controlled group rules related to regulated investment companies (RICs) to resolve an issue with how the controlled group rules should be applied in connection with the RIC “asset diversification” test. A public hearing is scheduled for December 9, 2013.
This announcement contains corrections to final regulations and removal of temporary regulations (TD 9622) that were published in the Federal Register on July 3, 2013 (78 FR 39984). The final regulations provide necessary guidance regarding the accelerated inclusion of deferred discharge of indebtedness (also known as cancellation of debt (COD)) income (deferred COD income) and the accelerated deduction of deferred original issue discount (OID) (deferred OID deductions) under section 108(i)(5)(D) (acceleration rules), and the calculation of earnings and profits as a result of an election under section 108(i). In addition, these regulations provide rules applicable to all taxpayers regarding deferred OID deductions under section 108(i) as a result of a reacquisition of an applicable debt instrument by an issuer or related party.
This notice contains updates for the corporate bond weighted average interest rate for plan years beginning in August 2013; the 24-month average segment rates; the funding segment rates applicable for August 2013; and the minimum present value rates for July 2013. The rates in this notice reflect certain changes implemented by the Moving Ahead for Progress in the 21st Century Act, Public Law 112-141 (MAP-21).
The Internal Revenue Bulletin is produced and published by the Internal Revenue Service and contains IRS pronouncements affecting tax analysis under the Code and the Regulations, including but not limited to Revenue Procedures, Revenue Rulings, Notices and Announcements. Access the IRS site at https://www.irs.gov/help/irsgov-accessibility for information concerning accessibility of IRS materials. While every effort has been made to ensure that the IRB database files available through the TouchTax application are accurate, those using TouchTax for legal research should verify their results against the printed versions of the IRBs available from the IRS.