This is the table of contents of Internal Revenue Bulletin IRB 2016-39. 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.
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Interest rates: underpayments and overpayments. The rates for interest determined under section 6621 of the code for the calendar quarter beginning October 1, 2016, will be 4 percent for overpayments (3 percent in the case of a corporation), 4 percent for underpayments, and 6 percent for large corporate underpayments. The rate of interest paid on the portion of a corporate overpayment exceeding $10,000 will be 1.5 percent.
Fringe benefits aircraft valuation formula. For purposes of section 1.61–21(g) of the Income Tax Regulations, relating to the rule for valuing non-commercial flights on employer-provided aircraft, the Standard Industry Fare Level (SIFL) cents-per-mile rates and terminal charge in effect for the second half of 2016 are set forth.
Announcement of Certification Resulting from the 2012–2013 Phase III Allocation Round of the Qualifying Advanced Coal Project Program. The announcement discloses the certification resulting from the 2012–13 Phase III allocation round of the qualifying advanced coal project program of § 48A of the Internal Revenue Code.
Announcement of the Results of the Phase III Allocation Round of the Qualifying Gasification Project Program. The proposed announcement discloses the results of the Phase III allocation round under the qualifying gasification project program of § 48B of the Internal Revenue Code. This announcement also serves as notice to applicants that no additional allocation rounds will be conducted under the qualifying gasification project program.
Section 2016 Section 45Q Inflation Adjustment Factor. This notice publishes the inflation adjustment factor for the carbon dioxide (CO2) sequestration credit under § 45Q for calendar year 2016.
Real estate investment trusts (REITs) have certain REIT qualification requirements. At least 75 percent of a REIT’s assets must be in real estate assets, cash and cash items, and government securities. A real estate asset includes real property and interests in real property. These regulations define real property for REIT purposes.
These final regulations change the regulations regarding the minimum present value requirements for defined benefit plan distributions to permit plans to simplify the treatment of certain optional forms of benefit that are paid partly in the form of an annuity and partly in a more accelerated form.
Serves notice to potential donors of a stipulated decision by the United States Tax Court in declaratory judgment proceedings under Section 7428.
Serves notice to potential donors of a stipulated decision by the United States Tax Court in declaratory judgment proceedings under Section 7428.
Serves notice to potential donors of a stipulated decision by the United States Tax Court in declaratory judgment proceedings under Section 7428.
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