Internal Revenue Bulletin:  2009-5 

February 2, 2009 

INCOME TAX


Rev. Rul. 2009-3 Rev. Rul. 2009-3

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 2008 and 2009. Rev. Rul. 92-19 supplemented. Rev. Rul. 2008-19 modified.

Rev. Rul. 2009-4 Rev. Rul. 2009-4

Section 1256 contracts marked to market. This ruling holds that Dubai Mercantile Exchange, which is a United Arab Emirates Authorized Market Institution, is a qualified board or exchange within the meaning of section 1256(g)(7)(C) of the Code.

T.D. 9438 T.D. 9438

Final, temporary, and proposed regulations under section 954 of the Code relate to foreign base company sales income in cases in which personal property sold by a controlled foreign corporation is manufactured, produced, or constructed pursuant to a contract manufacturing arrangement or by one or more branches of the controlled foreign corporation. A public hearing on the proposed regulations is scheduled for April 20, 2009.

REG-150066-08 REG-150066-08

Final, temporary, and proposed regulations under section 954 of the Code relate to foreign base company sales income in cases in which personal property sold by a controlled foreign corporation is manufactured, produced, or constructed pursuant to a contract manufacturing arrangement or by one or more branches of the controlled foreign corporation. A public hearing on the proposed regulations is scheduled for April 20, 2009.

Notice 2009-10 Notice 2009-10

This notice serves to extend the application of the future regulations described in Notice 2008-91, 2008-43 I.R.B. 1001, to a third taxable year in certain cases and to extend Rev. Proc. 2008-26, 2008-21 I.R.B. 1014, to calendar year 2009.


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