Internal Revenue Bulletin:  2006-32 

August 7, 2006 


Rev. Rul. 2006-39 Rev. Rul. 2006-39

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 August 2006.

Rev. Rul. 2006-40 Rev. Rul. 2006-40

LIFO; price indexes; department stores. The May 2006 Bureau of Labor Statistics price indexes are accepted for use by department stores employing the retail inventory and last-in, first-out inventory methods for valuing inventories for tax years ended on, or with reference to, May 31, 2006.

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