Internal Revenue Bulletin:  2013-28 

July 8, 2013 

INCOME TAX


Rev. Rul. 2013-15 Rev. Rul. 2013-15

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 July 2013.

Rev. Proc. 2013-32 Rev. Proc. 2013-32

This revenue procedure restricts the scope of letter rulings that address issues with respect to transactions under sections 332, 351, 355, and 1036, and reorganizations within the meaning of section 368 of the Code. Pursuant to this revenue procedure, the Service will no longer rule on whether a transaction qualifies for nonrecognition treatment under section 332, 351, 355, or 1036, or on whether a transaction constitutes a reorganization within the meaning of section 368, or on the various tax consequences resulting from the application of those Code sections. The Service will, however, rule on significant issues (defined in this revenue procedure) presented in transactions described in those Code sections. Rev. Procs. 2013-1 and 2013-3 are amplified and modified. Rev. Procs. 81-60, 83-59, 86-42, 90-52, and 96-30 are modified. Rev. Proc. 2003-48 is obsolete in part and superseded in part. The Rev. Proc. 2009-25 pilot program is discontinued.


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