Internal Revenue Bulletin: 2012-6
February 6, 2012
Insurance companies; interest rate tables. Prevailing state assumed interest rates are provided for the determination of reserves under section 807 of the Code for contracts issued in 2011 and 2012. Rev. Rul. 92-19 supplemented in part.
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 February 2012.
Final regulations under section 954 of the Code provide guidance relating to foreign base company sales income in cases in which personal property sold by a controlled foreign corporation is purchased, sold, manufactured, produced, grown or extracted by one or more branches of the controlled foreign corporations.
This document contains changes to Publication 1220, Specifications for Filing Forms 1097, 1098, 1099, 3921, 3922, 5498, and W-2G Electronically (Rev. 9-2011), Publication 1187, Specification for Filing Form 1042-S, Foreign Person’s U.S. Source Income Subject to Withholding, Electronically (Rev. 10-2011), and Publication 1239, Specifications for Filing Form 8027, Employer’s Annual Information Return of Tip Income and Allocated Tips, Electronically (Rev. 10-2011). Rev. Procs. 2011-40, 2011-50, and 2011-51 corrected.
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