Table of Contents

• Highlights of This Issue
  • INCOME TAX
    • Rev. Rul. 2012-27
    • Rev. Proc. 2012-39
  • EXCISE TAX
    • Notice 2012-58
    • Notice 2012-59
  • ADMINISTRATIVE
    • Notice 2012-60
    • Rev. Proc. 2012-37
• Preface
  • The IRS Mission
  • Introduction
• Part I. Rulings and Decisions Under the Internal Revenue Code of 1986
  • Rev. Rul. 2012-27
    • DRAFTING INFORMATION
• Part III. Administrative, Procedural, and Miscellaneous
  • Notice 2012-58
    • I. PURPOSE AND OVERVIEW
    • II. BACKGROUND
      • A. Section 4980H
      • B. PHS Act Section 2708
      • C. Notice 2011-36
      • D. Notice 2011-73
      • E. Notice 2012-17
      • F. Revised Approach in This Notice
    • III. DETERMINING FULL-TIME STATUS OF EMPLOYEES
      • A. Ongoing Employees: Safe Harbor
      • B. Ongoing Employees: Option to Use Administrative Period Under Safe Harbor
      • Example
      • C. New Employees: Reasonably Expected to Work Full-Time
      • D. New Employees: Safe Harbor for Variable Hour and Seasonal Employees
      • 1. Initial Measurement Period and Associated Stability Period
      • 2. Transition from New Employee Rules to Ongoing Employee Rules
      • 3. Optional Administrative Period for New Employees
      • 4. Variable Hour Employee Defined
      • 5. Seasonal Employee Defined
      • E. Examples
      • 1. Examples of New Variable Hour Employees with an Administrative Period.
      • 2. Examples of New Variable Hour Employees with an Administrative Period and Six-Month Standard Measurement Period and Stability Period.
      • 3. Example of Seasonal Employee
    • IV. RELIANCE
    • V. PUBLIC COMMENTS
    • VI. NO INFERENCE
    • VII. DRAFTING INFORMATION
  • Notice 2012-59
    • I. INTRODUCTION
    • II. BACKGROUND
    • III. GUIDANCE
      • A. WAITING PERIOD DEFINED
      • B. APPLICATION TO VARIABLE HOUR EMPLOYEES WHERE A SPECIFIED NUMBER OF HOURS OF SERVICE PER PERIOD IS A PLAN ELIGIBILITY CONDITION
    • IV. EXAMPLES
    • V. RELIANCE
    • VI. REQUEST FOR COMMENTS
    • VII. FOR FURTHER INFORMATION
  • Notice 2012-60
    • PURPOSE
    • BACKGROUND
    • CONSULTATION
    • APPLICABLE PROVISIONS OF LAW
    • FEDERAL INCOME TAX TREATMENT
    • LIMITATION
    • DRAFTING INFORMATION
  • Rev. Proc. 2012-37
    • Part A. General
      • Sec. 1. Purpose
      • Sec. 2. What’s New for Tax Year 2012
      • Sec. 3. Where To File and How to Contact the IRS, Information Returns Branch (IRB)
      • Sec. 4. Filing Requirements and Due Dates
      • Sec. 5. Form 8508, Request for Waiver from Filing Information Returns Electronically
      • Sec. 6. Form 4419, Application for Filing Information Returns Electronically (FIRE)
      • Sec. 7. State Abbreviations
      • Sec. 8. Penalties Associated With Information Returns
      • Sec. 9. Corrected Returns, Paper Forms, and Computer-Generated Forms
      • Sec. 10. Validation of Form 8027 at IRS
      • Sec. 11. Definition of Terms
    • Part B. Electronic Filing Specifications
      • Sec. 1. General
      • Sec. 2. Electronic Filing Approval Procedure
      • Sec. 3. Test Files
      • Sec. 4. Electronic Submissions
      • Sec. 5. PIN Requirements
      • Sec. 6. Electronic Filing Specifications
      • Sec. 7. Connecting to the FIRE System
      • Sec. 8. Common Problems and Questions Associated with Electronic Filing
    • Part C. Filing Specifications and Record Layout
      • Sec. 1. Record Format
      • Sec. 2. Form 8027— Record Layout
    • Part D. Extensions of Time
      • Sec. 1. General — Extensions
      • Sec. 2. Specifications for Filing Extensions of Time Electronically
      • Sec. 3. Record Layout — Extension of Time
      • Sec. 4. Extension of Time for Recipient Copies of Information Returns
  • Rev. Proc. 2012-39
    • SECTION 1. PURPOSE
    • SECTION 2. BACKGROUND
    • SECTION 3. CHANGE IN METHOD OF ACCOUNTING
    • SECTION 4. LIMITATION OF CHANGE IN METHOD OF ACCOUNTING
    • SECTION 5. EFFECT ON OTHER DOCUMENTS
    • SECTION 6. EFFECTIVE DATE
    • 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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