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Internal Revenue Bulletin:  2009-36 

September 8, 2009 


Rev. Rul. 2009-24 Rev. Rul. 2009-24

Section 1256 contracts marked to market. This ruling holds that ICE Futures Canada, Inc., which is a regulated exchange of Canada, is a qualified board or exchange within the meaning of section 1256(g)(7)(C) of the Code.

Notice 2009-64 Notice 2009-64

This notice proposes a revenue ruling that would hold that tangible assets used in converting corn to fuel grade ethanol are properly included in asset class 49.5 of Rev. Proc. 87-56 for depreciation purposes. Comments are requested by November 23, 2009.

Rev. Proc. 2009-37 Rev. Proc. 2009-37

This procedure provides guidance to taxpayers on electing to defer recognizing cancellation of indebtedness income under section 108(i) of the Code and section 1231 of the American Recovery and Reinvestment Tax Act of 2009.

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