This is the table of contents of Internal Revenue Bulletin IRB 2016-31. 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.
Proposed regulations under section 355 of the Internal Revenue Code would clarify the application of the device prohibition and the active business requirement of section 355. The proposed regulations would affect corporations that distribute the stock of controlled corporations, their shareholders, and their security holders.
Federal rates; adjusted federal rates; adjusted federal long-term rate and the long-term exempt rate. For purposes of sections 382, 642, 1274, 1288, 7872, and other sections of the Code, tables set forth the rates for August 2016.
This notice sets forth updates on the corporate bond monthly yield curve, the corresponding spot segment rates for July 2016 used under § 417(e)(3)(D), the 24-month average segment rates applicable for May 2016, and the 30-year Treasury rates. These rates reflect the application of § 430(h)(2)(C)(iv), which was added by the Moving Ahead for Progress in the 21st Century Act, Public Law 112–141 (MAP-21) and amended by section 2003 of the Highway and Transportation Funding Act of 2014 (HATFA).
This Announcement informs area residents affected by the Southern California Gas Company’s natural gas leak at Aliso Canyon that the IRS will not assert that amounts paid either on behalf of or to the residents pursuant to the relocation plan are includible in gross income.
Final regulations under section 7602 that clarify that persons with whom the IRS contracts for services described in section 6103(n) may be included as persons to receive summoned records and, in the presence and under the guidance of an IRS employee, participate fully in the interview of a summoned witness.
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