Internal Revenue Bulletin:  2006-20 

May 15, 2006 

INCOME TAX


Rev. Rul. 2006-25 Rev. Rul. 2006-25

Insurance companies; interest rate tables. Prevailing state assumed interest rates are provided for the determination of reserves under section 807 of the Code for contracts issued in 2005 and 2006. Rev. Rul. 92-19 supplemented in part.

T.D. 9258 T.D. 9258

Temporary and proposed regulations under section 1502 of the Code revise the tacking rule of the life-nonlife consolidated regulations by eliminating the requirement relating to the separation of profitable and loss activities.

REG-133036-05 REG-133036-05

Temporary and proposed regulations under section 1502 of the Code revise the tacking rule of the life-nonlife consolidated regulations by eliminating the requirement relating to the separation of profitable and loss activities.

Notice 2006-45 Notice 2006-45

This notice provides guidance to issuers of state and local bonds on “qualified highway or surface freight transfer facilities” under section 142(a)(15) of the Code. It provides that a project receiving an allocation from the Department of Transportation of a portion of the $15 billion national limitation for qualified highway or surface freight transfer facilities will be treated as meeting the definition of qualified highway or surface freight transfer facilities. It also provides guidance to issuers on how to meet the information reporting requirements.

Notice 2006-47 Notice 2006-47

This notice provides a brief description of various elections that were created by the American Jobs Creation Act of 2004 as well as the revocation of certain elections, and it includes information about the effective date, the deadline for making the election/revocation, and interim guidance where applicable. Rev. Proc. 2002-9 modified and amplified.


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