News from the IRS

From TaxAlmanac

Income Tax

• Rev. Rul. 2006-29 - Federal rates; adjusted federal rates; adjusted federal long-term rate and the long-term exempt rate.
• T.D. 9260 - Application of Separate Limitations to Dividends From Noncontrolled Section 902 Corporations
• REG-144784-02 - Notice of Proposed Rulemaking by Cross-Reference to Temporary Regulations Application of Separate Limitations to Dividends From Noncontrolled Section 902 Corporations
• Rev. Rul. 2006-28 - LIFO; price indexes; department stores
• Rev. Proc. 2006-24 - Informs the trustee (or debtor in possession) representing the bankruptcy estate...

Employee Plans

• Rev. Proc. 2006-27 - Administrative programs; correction programs
• Notice 2006-49 - Weighted average interest rate update

Estate Tax

• Rev. Rul. 2006-26 - IRA, marital deduction

Exempt Organizations

• Announcement 2006-36 - Foundations Status of Certain Organizations
• Announcement 2006-37 - Deletions From Cumulative List of Organizations Contributions to Which are Deductible Under Section 170 of the Code

Employment Tax

• Rev. Proc. 2006-24 - Informs the trustee (or debtor in possession) representing the bankruptcy estate...

Excise Tax

• Rev. Proc. 2006-24 - Informs the trustee (or debtor in possession) representing the bankruptcy estate...

Administrative

• Rev. Proc. 2006-22 - Methods of Determining W-2 Wages for Purposes of the § 199(b)(1) Limitation on the § 199 Deduction for Income Attributable to Domestic Production Activities
• Rev. Proc. 2006-24 - Informs the trustee (or debtor in possession) representing the bankruptcy estate...