Internal Revenue Bulletin:  2011-39 

September 26, 2011 

INCOME TAX


Rev. Rul. 2011-18 Rev. Rul. 2011-18

Interest rates; underpayments and overpayments. The rates for interest determined under section 6621 of the Code for the calendar quarter beginning October 1, 2011, will be 3 percent for overpayments (2 percent in the case of a corporation), 3 percent for underpayments, and 5 percent for large corporate underpayments. The rate of interest paid on the portion of a corporate overpayment exceeding $10,000 will be 0.5 percent.

T.D. 9535 T.D. 9535

Final regulations under section 901 of the Code provide guidance relating to the determination of the amount of taxes paid for purposes of the foreign tax credit that involves structural passive investment arrangements.

T.D. 9536 T.D. 9536

Final, temporary, and proposed regulations under section 901 of the Code provide guidance relating to the determination of the amount of taxes paid for purposes of the foreign tax credit. The regulations affect taxpayers that claim direct and indirect foreign tax credit.

REG-126519-11 REG-126519-11

Final, temporary, and proposed regulations under section 901 of the Code provide guidance relating to the determination of the amount of taxes paid for purposes of the foreign tax credit. The regulations affect taxpayers that claim direct and indirect foreign tax credit.

T.D. 9542 T.D. 9542

Final regulations under sections 195, 248, and 709 of the Code provide guidance for making elections to amortize expenses.

Rev. Proc. 2011-45 Rev. Proc. 2011-45

This procedure provides domestic asset/liability percentages and domestic investment yields needed by foreign life insurance companies and foreign property and liability insurance companies to compute their minimum effectively connected net investment income under section 842(b) of the Code for taxable years beginning after December 31, 2009.


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