Internal Revenue Bulletin: 2010-42
October 18, 2010
Table of Contents
Refundable adoption credit. This notice advises taxpayers that adoption credit amounts a taxpayer carries forward from earlier taxable years are refundable in 2010, and that taxpayers must attach certain documents to their tax returns to substantiate claims for the adoption credit.
Adoption credit inflation adjustments. This procedure updates the provisions relating to the adoption credit in Rev. Proc. 2009-50, 2009-45 I.R.B. 617, which provides the inflation adjustments for 2010, to reflect the increased credit amount allowed under the Patient Protection and Affordable Care Act. Rev. Proc. 2009-50 modified.
This procedure contains revisions to Publication 1239, Specifications for Filing Form 8027, Employer’s Annual Information Return of Tip Income and Allocated Tips, Electronically (revised 10-2010). Rev. Proc. 2009-46 superseded.
Per diem allowances. This procedure provides optional rules for deeming substantiated the amount of certain business expenses of traveling away from home reimbursed to an employee or deductible by an employee or self-employed individual. Rev. Proc. 2009-47 superseded.
This announcement contains corrections and clarifications to Publication 1220, Specifications for Filing Forms 1097-BTC, 1098, 1099, 3921, 3922, 5498, 8935, and W-2G Electronically (revised 8-2010).
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