Table of Contents

• Highlights of This Issue
  • INCOME TAX
    • Rev. Rul. 2010-18
    • Notice 2010-49
    • Notice 2010-50
  • EMPLOYEE PLANS
    • Notice 2010-48
  • EXCISE TAX
    • T.D. 9486
    • REG-112841-10
  • ADMINISTRATIVE
    • Rev. Proc. 2010-25
• Preface
  • The IRS Mission
  • Introduction
• Part I. Rulings and Decisions Under the Internal Revenue Code of 1986
  • Rev. Rul. 2010-18
  • T.D. 9486
    • AGENCY:
    • ACTION:
    • SUMMARY:
    • DATES:
    • FOR FURTHER INFORMATION CONTACT:
    • SUPPLEMENTARY INFORMATION:
      • Paperwork Reduction Act
      • Background
      • Explanation of Provisions
      • Availability of IRS documents
      • Special Analyses
    • Amendments to the Regulations
      • PART 40—EXCISE TAX PROCEDURAL REGULATIONS
      • PART 49—FACILITIES AND SERVICES EXCISE TAX
      • Subpart G—Cosmetic Services
      • PART 602—OMB CONTROL NUMBERS UNDER THE PAPERWORK REDUCTION ACT
    • Drafting Information
• Part III. Administrative, Procedural, and Miscellaneous
  • Notice 2010-48
    • I. PURPOSE
    • II. BACKGROUND
      • A. Provisions Relating to Disaster Relief
      • B. Provisions Relating to Defined Contribution Pre-approved Plan Program Adoption Deadlines
    • III. RELIEF
      • A. Provision of Disaster Relief
      • B. Definition of Affected Plan
    • IV. SUBMISSION OF A DETERMINATION LETTER APPLICATION
    • V. EFFECT ON OTHER DOCUMENTS
    • DRAFTING INFORMATION
  • Notice 2010-49
    • I. PURPOSE
    • II. BACKGROUND
    • III. POLICY CONSIDERATIONS UNDERLYING § 382
    • A. OWNERSHIP TRACKING APPROACH
    • B. PURPOSIVE APPROACH
    • C. CURRENT REGULATIONS UNDER § 382
    • D. OWNERSHIP TRACKING APPROACH VERSUS PURPOSIVE APPROACH
    • IV. REQUEST FOR COMMENTS
    • DRAFTING INFORMATION
  • Notice 2010-50
    • I. Background
      • A. Overview of § 382(l)(3)(C)
      • B. Full Value Methodology
      • C. Hold Constant Principle
      • 1. Alternative Methodology 1: Look Back from Testing Date
      • 2. Alternative Methodology 2: Ongoing Adjustments from Acquisition Date
      • 3. Common Elements of Both HCP Methodologies
      • a. Acquisitions
      • b. Dispositions and sourcing
      • c. Redemptions and issuances
      • d. Non-disposition transactions
    • II. Guidance
      • A. Acquisitions
      • B. Consistency
      • C. Closed Years
      • D. Single Methodology
    • III. Request for Comments
      • A. Threshold Question
      • B. Possible Application of the HCP
      • C. Instructions
  • Rev. Proc. 2010-25
    • SECTION 1. PURPOSE
    • SECTION 2. BACKGROUND
    • Average Area Purchase Price
    • Qualified Mortgage Credit Certificate Program
    • Income Limitations for Qualified Mortgage Bonds and Mortgage Credit Certificates
    • Average Area and Nationwide Purchase Price Limitations
    • SECTION 3. APPLICATION
    • Average Area Purchase Price Safe Harbors
    • Nationwide Average Purchase Price
    • SECTION 4. AVERAGE AREA AND NATIONWIDE AVERAGE PURCHASE PRICES
    • SECTION 5. EFFECT ON OTHER DOCUMENTS
    • SECTION 6. EFFECTIVE DATES
    • SECTION 7. REQUEST FOR COMMENTS
    • SECTION 8. PAPERWORK REDUCTION ACT
    • SECTION 9. DRAFTING INFORMATION
• Part IV. Items of General Interest
  • REG-112841-10
    • AGENCY:
    • ACTION:
    • SUMMARY:
    • DATES:
    • ADDRESSES:
    • FOR FURTHER INFORMATION CONTACT:
    • SUPPLEMENTARY INFORMATION:
      • Paperwork Reduction Act
      • Background
      • Special Analyses
      • Comments and Requests for a Public Hearing
    • Proposed Amendments to the Regulations
      • PART 40—EXCISE TAX PROCEDURAL REGULATIONS
      • PART 49—FACILITIES AND SERVICES EXCISE TAX
      • Subpart G—Cosmetic Services
    • Drafting Information
  • Announcement of Disciplinary Sanctions From the Office of Professional Responsibility
• Definition of Terms and Abbreviations
  • Definition of Terms
  • Abbreviations
• Numerical Finding List
  • Numerical Finding List
• Effect of Current Actions on Previously Published Items
  • Finding List of Current Actions on Previously Published Items
• How to get the Internal Revenue Bulletin
  • INTERNAL REVENUE BULLETIN
  • CUMULATIVE BULLETINS
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  • How to Order
  • We Welcome Comments About the Internal Revenue Bulletin