Solicits applications for allocations of the remaining available amount of the volume cap for new clean renewable energy bonds (“New CREBs”) under § 54C(a) of the Internal Revenue Code, and provides guidance on the application requirements and forms for requests for New CREBs volume cap allocations, and the method that the IRS will use to allocate the remaining volume cap.

Publication 1167, General Rules and Specifications for Substitute Forms and Schedules, provides guidelines and general requirements for the development, printing, and approval of substitute tax forms.

This revenue procedure provides the depreciation deduction limitations for owners of passenger automobiles (including trucks and vans) first placed in service during calendar year 2015 and amounts to be included in income by lessees of passenger automobiles first leased during calendar year 2015. This revenue procedure also provides revised tables of depreciation limitations and lessee inclusion amounts for passenger automobiles first placed in service or first leased during 2014 and to which the 50 percent additional first year depreciation deduction applies.

The final regulations provide guidance under section 909 addressing situations in which foreign income taxes have been separated from the related income.

Revocation of IRC 501(c)(3) Organizations for failure to meet the code section requirements. Contributions made to the organizations by individual donors are no longer deductible under IRC 170(b)(1)(A).

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 year 2014. For this purpose, "State" includes the District of Columbia and the possessions of the United States.