Internal Revenue Bulletin:  2005-20 

May 16, 2005 

INCOME TAX


Rev. Rul. 2005-30 Rev. Rul. 2005-30

Deferred annuity contract. This ruling addresses the treatment of certain amounts received under a deferred annuity contract as income in respect of a decedent (IRD) under section 691 of the Code. Rev. Rul. 79-335 modified and superseded.

T.D. 9194 T.D. 9194

Final, temporary, and proposed regulations under section 937 of the Code provide rules for determining whether an individual is a bona fide resident of American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, or the U.S. Virgin Islands. The regulations also provide rules for determining when income is considered to be from sources within a U.S. possession and whether income is effectively connected with the conduct of a trade or business within a U.S. possession. In addition, conforming changes are made and/or proposed to regulations under related sections of the Code. A public hearing on the proposed regulations is scheduled for July 21, 2005.

REG-159243-03 REG-159243-03

Final, temporary, and proposed regulations under section 937 of the Code provide rules for determining whether an individual is a bona fide resident of American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, or the U.S. Virgin Islands. The regulations also provide rules for determining when income is considered to be from sources within a U.S. possession and whether income is effectively connected with the conduct of a trade or business within a U.S. possession. In addition, conforming changes are made and/or proposed to regulations under related sections of the Code. A public hearing on the proposed regulations is scheduled for July 21, 2005.

Notice 2005-37 Notice 2005-37

Renewable electricity production and refined coal production; calendar year 2005 inflation adjustment factor and reference prices. This notice announces the calendar year 2005 inflation adjustment factor and reference prices for the renewable electricity production credit and refined coal production credit under section 45 of the Code.


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