Internal Revenue Bulletin:  2009-28 

July 13, 2009 

INCOME TAX


Rev. Rul. 2009-19 Rev. Rul. 2009-19

Home Affordable Modification Program (HAMP). This ruling holds that Pay-for-Performance Success Payments that benefit a homeowner under the United States Government's Home Affordable Modification Program (HAMP) are excludable from the homeowner's income under the general welfare exclusion.

Rev. Rul. 2009-20 Rev. Rul. 2009-20

Federal rates; adjusted federal rates; adjusted federal long-term rate and the long-term exempt rate. For purposes of sections 382, 642, 1274, 1288, and other sections of the Code, tables set forth the rates for July 2009.

T.D. 9453 T.D. 9453

Final, temporary, and proposed regulations under section 7874 of the Code relate to the determination of whether a foreign corporation is treated as a surrogate foreign corporation pursuant to section 7874(a)(2)(B). Notice 2006-70 obsoleted.

REG-112994-06 REG-112994-06

Final, temporary, and proposed regulations under section 7874 of the Code relate to the determination of whether a foreign corporation is treated as a surrogate foreign corporation pursuant to section 7874(a)(2)(B). Notice 2006-70 obsoleted.

Notice 2009-51 Notice 2009-51

This notice solicits applications for allocations of the national bond volume limitation authority (“volume cap”) of $2 billion to issue tribal economic development bonds (TEDBs) under section 7871(f) of the Code. This notice also provides related guidance on the (1) eligibility requirements that a project must meet to be considered for a volume cap allocation; (2) application requirements and the application form for requests for volume cap allocations; and (3) the method that the IRS will use to allocate the volume cap.


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