Internal Revenue Bulletin:  2012-42 

October 15, 2012 

INCOME TAX


Rev. Rul. 2012-28 Rev. Rul. 2012-28

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 October 2012.

Notice 2012-62 Notice 2012-62

Extension of replacement period for livestock sold on account of drought. This notice explains the circumstances under which the 4-year replacement period under section 1033(e)(2) of the Code is extended for livestock sold on account of drought. The Appendix to this notice contains a list of the counties that experienced exceptional, extreme, or severe drought during the preceding 12-month period ending August 31, 2012. Taxpayers may use this list to determine if an extension is available.


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