Internal Revenue Bulletin: 2012-34
August 20, 2012
Final regulations under section 274(e)(2) and (9) of the Code provide rules relating to the disallowance of deductions for expenses for the use of business aircraft for entertainment of specified individuals.
Proposed regulations under section 274(e)(3) of the Code provide rules relating to the exception for reimbursed expenses to the limitations on deductions for expenses for meals and entertainment.
This procedure provides the requirements for completing and submitting Form 8655, Reporting Agent Authorization. Rev. Proc. 2007-38 modified and superseded.
This procedure updates the rules for using the EFTPS to remit federal taxes to the Service. Rev. Proc. 98-32 modified and superseded.
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