Internal Revenue Bulletin:  2004-50 

December 13, 2004 

ADMINISTRATIVE


Rev. Proc. 2004-71 Rev. Proc. 2004-71

Cost-of-living adjustments for 2005. This procedure provides cost-of-living adjustments for the tax rate tables for individuals, estates, and trusts, the standard deduction amounts, the personal exemption, and several other items that use the adjustment method provided for the tax rate tables. The Service also provides the adjustment for eligible long-term care premiums and another item that uses the adjustment method provided for eligible long-term care premiums.

Announcement 2004-99 Announcement 2004-99

This document provides notice of a public hearing for proposed regulations (REG-128767-04, 2004-39 I.R.B. 534) that provide rules under section 752 of the Code for taking into account certain obligations of a business entity that is disregarded as separate from its owner under sections 856(i), 1361(b)(3), or regulations sections 301.7701-1 through 301.7701-3 (disregarded entity) for purposes of characterizing and allocating partnership liabilities. A public hearing is scheduled for January 14, 2005.


More Internal Revenue Bulletins