Internal Revenue Bulletin: 2013-46
November 12, 2013
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 November 2013.
These final regulations under section 382 of the Code provide relief in certain situations from the segregation rules for public groups of shareholders in determining owner shifts and ownership changes.
This notice updates interim guidance contained in Notice 2006–40, relating to the credit under § 45J of the Code for production of electricity at advanced nuclear power facilities. Specifically, this notice prescribes the application process by which taxpayers may request an allocation of the national megawatt capacity limitation, describes the consultation between the IRS and the Department of Energy concerning these applications, and specifies the method that will be used to allocate the national megawatt capacity limitation that limits the allowable credit. This notice modifies and supersedes Notice 2006–40.
This Notice provides guidance to foreign financial institutions (FFIs) entering into an FFI agreement with the Internal Revenue Service (IRS) under section 1471(b) of the Code and § 1.1471–4 of the Treasury Regulations (the FFI agreement) to be treated as participating FFIs. This notice also provides guidance to FFIs and branches of FFIs treated as reporting financial institutions under an applicable Model 2 intergovernmental agreement (IGA) (reporting Model 2 FFIs) on complying with the terms of an FFI agreement, as modified by the IGA. This Notice provides a draft copy of the FFI agreement, which will be finalized before December 31, 2013.
Announcement of the Results of the 2012–2013 Phase III Allocation Round of the Qualifying Advanced Coal Project Program. This announcement discloses the results of the 2012–13 allocation round under the qualifying advanced coal project program of § 48A of the Code.
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