IRS Logo
Print - Click this link to Print this page

September 2005 Plain Language Regulations

Source of Income from Certain Space and Ocean Activities
This Notice of Proposed Rulemaking (NPRM) contains proposed regulations governing the source of income from certain space and ocean activities. It also contains proposed regulations governing the source of income from certain communication activities.  This NPRM affects persons who derive income from activities conducted in space, or on or under water not within the jurisdiction of a foreign country, possession of the United States, or the United States, or the United States (in international water).  This NPRM also affects persons who derive income from transmission of communications. 
REG-106030-98.  Published September 19, 2005.
Download Full Text

Miscellaneous Changes to Collection Due Process Procedures Relating to Notice and Opportunity for Hearing Prior to Levy
The proposed regulations amend regulations relating to a taxpayer's right to a hearing before or after levy under section 6330 of the Internal Revenue Code of 1986.  The proposed regulations make certain clarifying changes in the way collection due process hearings are conducted and specify the period during which a taxpayer may request an equivalent hearing.  The proposed regulations affect taxpayers against whose property or rights to property the Internal Revenue Service proposes to levy on or after January 19, 1999.  This document also contains a notice of public hearing on these proposed regulations.  REG-150091-02.  Published September 16, 2005.
Download Full Text

Miscellaneous Changes to Collection Due Process Procedures Relating to Notice and Opportunity for Hearing upon Filing of Notice of Federal Tax Lien
Proposed rulemaking amending regulations relating to a taxpayer's right to a hearing under section 6320 of the Internal Revenue Code of 1986 after the filing of a notice of Federal tax lien (NFTL).  The proposed regulations make certain clarifying changes in the way collection due process hearings are conducted and specify the period during which a taxpayer may request an equivalent hearing.  The proposed regulations affect taxpayers against whose property or rights to property the IRS files a NFTL on or after January 19, 1999.  REG-150088-02.  Published September 16, 2005.
Download Full Text

Guidance on the Measurement of Continuity of Interest
These final regulations provide guidance regarding the satisfaction of the continuity of interest requirement for corporate reorganizations.  Specifically, these regulations identify certain circumstances in which the determination of whether a proprietary interest in the target corporation is preserved would be made by reference to the value of the issuing corporation's consideration on the last business day before there is an agreement to effect the potential reorganization. 
TD 9225.  Published September 16, 2005.
Download Full Text

Standards for Recognition of Tax-Exempt Status if Private Benefit Exists
Section 501(c)(3) of the Internal Revenue Code and the regulations there under set forth certain requirements that an organization must meet to qualifiy to tax-exempt status, including the requirement that an organization serve a public rather than a private interest.  These proposed regulations amend the existing regulations under section 501(c)(3) and add several examples to illustrate the requirement that an organization serve a public rather than a private interest.  Section 4958 imposes excise taxes on persons in a position to influence a public charity who receive benefits from the charity that exceed fair market value.  These proposed regulations amend the existing regulations under section 501(c)(3) and clarify the relationship between the substantive requirements for tax exemption for section 501(c)(3) public charities and the imposition of section regulations under section 4958 and clarify that section 4958 does not apply at the time of the initial determination of exempt status.
REG-111257-05.  Published September 9, 2005.
Download Full Text

««
Go to October 2005 ------------- Browse for more ------------- Go to August 2005 »»

Tax Regulations Homepage


Page Last Reviewed or Updated: 30-Dec-2013