This is the table of contents of Internal Revenue Bulletin IRB 2019-47. 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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This procedure provides the 2020 cost-of-living adjustments to certain items due to inflation as required by various provisions of the Code and Service guidance.
26 CFR 601.602: Tax forms and instructions.
(Also Part I, §§ 1, 23, 24, 25A, 32, 36B, 42, 45R, 55, 59, 62, 63, 125, 132(f),135, 137, 146, 147, 148, 152, 179, 199A, 213, 220, 221, 448, 461, 512, 513, 642, 831, 877, 877A, 911, 1274A, 2010, 2032A, 2503, 2523, 4161, 4261, 6033, 6039F, 6323, 6334, 6601, 6651, 6652, 6695, 6698, 6699, 6721, 6722, 7345, 7430, 7702B, 9831; 1.148-5.)
Section 415 of the Internal Revenue Code (the Code) provides for dollar limitations on benefits and contributions under qualified retirement plans. Section 415(d) requires that the Secretary of the Treasury annually adjust these limits for cost of living increases. Other limitations applicable to deferred compensation plans are also affected by these adjustments under § 415. Under § 415(d), the adjustments are to be made under adjustment procedures similar to those used to adjust benefit amounts under § 215(i)(2)(A) of the Social Security Act.
This document announces that the Department of the Treasury (Treasury Department) and the IRS intend to issue proposed regulations regarding the treatment of certain interests in corporations as stock or indebtedness and requests comments from the public regarding the contemplated rules. This document also announces that, following the expiration of the 2016 Temporary Regulations (described in the Background section of this advance notice of proposed rulemaking), a taxpayer may rely on the 2016 Proposed Regulations (also described in the Background) until further notice is given in the Federal Register, provided that the taxpayer consistently applies the rules in the 2016 Proposed Regulations in their entirety.
TD 9879 provides guidance relating to information reporting obligations for reportable policy sales of life insurance contracts under §6050Y, which was added by section 13520 of the 2017 Tax Cuts and Jobs Act (the TCJA). TD 9879 also provides guidance under §101, as amended by section 13522 of the TCJA, for reportable policy sales and to make certain other related changes to the existing regulations under §101.
26 CFR 1.101-1; 26 CFR 1.6050Y-1; 26 CFR 1.6050Y-2; 26 CFR 1.6050Y-3; 26 CFR 1.6050Y-4
This Treasury Decision removes final regulations identified by the Secretary of the Treasury as imposing an undue financial burden on taxpayers and as being unduly complex. The final regulations being removed set forth minimum documentation requirements that ordinarily must be satisfied in order for certain related-party interests in a corporation to be treated as indebtedness for federal tax purposes. This document also adopts conforming amendments to other final regulations to reflect the removal of those regulations.
26 CFR 1.385-2 [Removed]
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