This notice of proposed rulemaking (NPRM) provides rules that prescribe how a partner should measure its interest in a partnership’s unrealized receivables and inventory items, and that provide guidance regarding the tax consequences of a distribution that causes a reduction in that interest, thus requiring the recognition of ordinary income. The NPRM takes into account statutory changes that have occurred subsequent to the issuance of the existing regulations. The NPRM affects partners in partnerships that own unrealized receivables and inventory items and that make a distribution to one or more partners.

The “base period T-bill rate” for the period ending September 30, 2014, is published, as required by section 995(f) of the Internal Revenue Code.

The loss payment patterns and discount factors are set forth for the 2014 accident year. These factors will be used for computing discounted unpaid losses under § 846 of the Code.

The salvage discount factors are set forth for the 2014 accident year. These factors will be used for computing discounted estimated salvage recoverable under § 832 of the Code.

This procedure sets forth the 2015 cost-of-living adjustments to certain items due to inflation as required under various provisions of the Code and Service guidance.

This notice designates the Ebola virus outbreak in the West African countries of Guinea, Liberia, and Sierra Leone as a qualified disaster for purposes of section 139 of the Code.

This notice provides guidance on the treatment of leave-based donation programs to aid victims of the Ebola virus outbreak in the West African countries of Guinea, Liberia, and Sierra Leone for income and employment tax purposes.

This procedure sets forth the 2015 cost-of-living adjustments to certain items due to inflation as required under various provisions of the Code and Service guidance.

This procedure sets forth the 2015 cost-of-living adjustments to certain items due to inflation as required under various provisions of the Code and Service guidance.

This procedure sets forth the 2015 cost-of-living adjustments to certain items due to inflation as required under various provisions of the Code and Service guidance.

The final regulations provide guidance on the mandatory filing of Form 2290, “Heavy Highway Vehicle Use Tax Return,” for 25 or more vehicles; credits or refunds of the highway use tax for sold, destroyed, or stolen vehicles; and the tax liability and computation of tax on the use of certain second-hand vehicles. The regulations affect owners and operators of highway motor vehicles with a taxable gross weight of 55,000 pounds or more. These regulations also remove the temporary regulations that provide guidance on the filing of Form 2290 and payment of the associated highway use tax for the taxable period beginning July 1, 2011.

This procedure sets forth the 2015 cost-of-living adjustments to certain items due to inflation as required under various provisions of the Code and Service guidance.