Table of Contents

• Highlights of This Issue
  • INCOME TAX
    • Rev. Rul. 2011-11
    • T.D. 9521
    • REG-154159-09
    • Notice 2011-21
    • Notice 2011-34
  • EMPLOYEE PLANS
    • Notice 2011-33
• Preface
  • The IRS Mission
  • Introduction
• Part I. Rulings and Decisions Under the Internal Revenue Code of 1986
  • T.D. 9521
    • AGENCY:
    • ACTION:
    • SUMMARY:
    • DATES:
    • FOR FURTHER INFORMATION CONTACT:
    • SUPPLEMENTARY INFORMATION:
      • Background
      • Explanation of Changes in this Final Rule
      • I. Gain from the Sale of a Partnership Interest
      • II. Losses in and Losses with respect to the Pre-2007 Separate Category for High Withholding Tax Interest
      • III. Section 952(c) Recapture Accounts
      • IV. Safe Harbors
      • V. Effective/Applicability Dates
      • Special Analyses
    • Adoption of Amendments to the Regulations
      • PART 1—INCOME TAXES
      • §1.904-2T [Removed].
      • §1.904-4T [Removed].
      • §1.904-5T [Removed].
      • §1.904-7T [Removed].
      • §1.904(f)-12T [Removed].
    • Drafting Information
  • Rev. Rul. 2011-11
• Part III. Administrative, Procedural, and Miscellaneous
  • Notice 2011-21
    • DRAFTING INFORMATION
  • Notice 2011-33
    • CORPORATE BOND WEIGHTED AVERAGE INTEREST RATE
    • YIELD CURVE AND SEGMENT RATES
    • 30-YEAR TREASURY SECURITIES INTEREST RATES
    • MINIMUM PRESENT VALUE SEGMENT RATES
    • DRAFTING INFORMATION
  • Notice 2011-34
    • PURPOSE
      • Section I. Preexisting Individual Accounts
      • A. Revised Procedures for Identification of Preexisting Individual Accounts
      • 1. Definitions
      • 2. Procedures for Identification by Participating FFIs of Preexisting Individual Accounts
      • Step 1: Documented U.S. Accounts
      • Step 2: Accounts of $50,000 or Less
      • Step 3: Private Banking Accounts
      • Step 4: Accounts with U.S. Indicia
      • Step 5: Accounts of $500,000 or More
      • Step 6: Annual Retesting
      • 3. Certifying Completion of Customer Identification Procedures
      • B. Future Guidance and Request for Public Comment
      • C. Long Term Recalcitrant Account Holders
      • Section II. Passthru Payments
      • A. General Rule
      • B. Calculation of Passthru Payment Percentage
      • 1. In General
      • 2. Alternative Transition Method for Computing Passthru Payment Percentage
      • 3. Determination of Assets
      • 4. Definition of “U.S. Asset”
      • 5. Timing and Publishing of Passthru Payment Percentages
      • C. Custodial Payments
      • D. Grandfathered Obligations
      • E. Request for Comments Regarding Potential Exceptions to Passthru Payments
      • Section III. Deemed-Compliant Status for Certain FFIs
      • A. Certain Local Banks
      • B. Local FFI Members of Participating FFI Groups
      • C. Certain Investment Vehicles
      • D. Other Categories of Deemed-Compliant FFIs
      • Section IV. Reporting on U.S. Accounts
      • A. Account Balance or Value
      • B. Gross Receipts and Withdrawals
      • C. Basis Reporting
      • D. Branch and Affiliate Reporting
      • 1. Mandatory Identification of FFI Branches
      • 2. Branch Reporting Election and Reporting by Affiliates
      • Section V. Chapter 4 Requirements for Qualified Intermediaries
      • Section VI. Application of Section 1471(e) Regarding Expanded Affiliated Groups of FFIs
      • A. Requirements for FFI Affiliates
      • B. Execution of Agreements for FFI Affiliates
      • C. Centralized Compliance Option for FFI Groups
      • D. Centralized Option for Funds
      • Section VII. Effective Date of FFI Agreements
    • REQUEST FOR PUBLIC COMMENT
    • EFFECT ON OTHER DOCUMENTS
    • DRAFTING INFORMATION
• Part IV. Items of General Interest
  • REG-154159-09
    • AGENCY:
    • ACTION:
    • SUMMARY:
    • DATES:
    • ADDRESSES:
    • FOR FURTHER INFORMATION CONTACT:
    • SUPPLEMENTARY INFORMATION:
      • Background
      • Explanation of Provisions
      • Proposed Effective/Applicability Date
      • Special Analyses
      • Comments and Requests for a Public Hearing
    • Proposed Amendments to the Regulations
      • PART 1—INCOME TAXES
    • Drafting Information
• 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
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