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Internal Revenue Bulletin:  2014-52 

December 22, 2014 

Rev. Rul. 2014–33


2014 Base Period T-Bill Rate. The table of interest factors that Rev. Rul. 2014–27 provided for compounding the “base period T-bill rate” under section 995(f) of the Internal Revenue Code is replaced by the table in this revenue ruling. Rev. Rul. 2014–27 modified.

Rev. Rul. 2014–27, 2014–47 I.R.B. 832 provided the “base period T-bill rate” under section 995(f) of the Internal Revenue Code for the period ending September 30, 2014, and provided a table of base period T-bill rate factors to reflect daily compounding of the rate for any number of days in a DISC shareholder’s taxable year. Due to a transcription error, Rev. Rul. 2014–27 overstated the factors (though Rev. Rul. 2014–27 correctly stated the base period T-bill rate itself) and cited section 6222 (rather than section 6622) as the statute that requires daily compounding of interest. This ruling provides a corrected table of factors and changes the statutory reference to section 6622.

EFFECT ON OTHER REVENUE RULING(S)

Rev. Rul. 2014–27 is modified.

DRAFTING INFORMATION

The principal author of this revenue ruling is Anand Desai of the Office of Associate Chief Counsel (International). For further information regarding the revenue ruling, contact Mr. Desai at (202) 317-6939 (not a toll-free number).

ANNUAL RATE, COMPOUNDED DAILY
0.11 PERCENT
DAYS FACTOR
 1 .000003014
 2 .000006027
 3 .000009041
 4 .000012055
 5 .000015069
 6 .000018082
 7 .000021096
 8 .000024110
 9 .000027124
10 .000030137
11 .000033151
12 .000036165
13 .000039179
14 .000042193
15 .000045206
16 .000048220
17 .000051234
18 .000054248
19 .000057262
20 .000060276
21 .000063290
22 .000066303
23 .000069317
24 .000072331
25 .000075345
26 .000078359
27 .000081373
28 .000084387
29 .000087401
30 .000090415
31 .000093429
32 .000096443
33 .000099457
34 .000102471
35 .000105485
36 .000108499
37 .000111513
38 .000114527
39 .000117541
40 .000120555
41 .000123569
42 .000126583
43 .000129597
44 .000132611
45 .000135625
46 .000138640
47 .000141654
48 .000144668
49 .000147682
50 .000150696
51 .000153710
52 .000156724
53 .000159739
54 .000162753
55 .000165767
56 .000168781
57 .000171795
58 .000174810
59 .000177824
60 .000180838
61 .000183852
62 .000186866
63 .000189881
64 .000192895
65 .000195909
66 .000198924
67 .000201938
68 .000204952
69 .000207967
70 .000210981
71 .000213995
72 .000217010
73 .000220024
74 .000223038
75 .000226053
76 .000229067
77 .000232081
78 .000235096
79 .000238110
80 .000241125
81 .000244139
82 .000247153
83 .000250168
84 .000253182
85 .000256197
86 .000259211
87 .000262226
88 .000265240
89 .000268255
90 .000271269
91 .000274284
92 .000277298
93 .000280313
94 .000283327
95 .000286342
96 .000289356
97 .000292371
98 .000295386
99 .000298400
100 .000301415
101 .000304429
102 .000307444
103 .000310459
104 .000313473
105 .000316488
106 .000319503
107 .000322517
108 .000325532
109 .000328547
110 .000331561
111 .000334576
112 .000337591
113 .000340605
114 .000343620
115 .000346635
116 .000349650
117 .000352664
118 .000355679
119 .000358694
120 .000361709
121 .000364723
122 .000367738
123 .000370753
124 .000373768
125 .000376783
126 .000379798
127 .000382812
128 .000385827
129 .000388842
130 .000391857
131 .000394872
132 .000397887
133 .000400902
134 .000403917
135 .000406931
136 .000409946
137 .000412961
138 .000415976
139 .000418991
140 .000422006
141 .000425021
142 .000428036
143 .000431051
144 .000434066
145 .000437081
146 .000440096
147 .000443111
148 .000446126
149 .000449141
150 .000452156
151 .000455171
152 .000458186
153 .000461202
154 .000464217
155 .000467232
156 .000470247
157 .000473262
158 .000476277
159 .000479292
160 .000482307
161 .000485322
162 .000488338
163 .000491353
164 .000494368
165 .000497383
166 .000500398
167 .000503414
168 .000506429
169 .000509444
170 .000512459
171 .000515475
172 .000518490
173 .000521505
174 .000524520
175 .000527536
176 .000530551
177 .000533566
178 .000536581
179 .000539597
180 .000542612
181 .000545627
182 .000548643
183 .000551658
184 .000554673
185 .000557689
186 .000560704
187 .000563720
188 .000566735
189 .000569750
190 .000572766
191 .000575781
192 .000578797
193 .000581812
194 .000584828
195 .000587843
196 .000590859
197 .000593874
198 .000596889
199 .000599905
200 .000602921
201 .000605936
202 .000608952
203 .000611967
204 .000614983
205 .000617998
206 .000621014
207 .000624029
208 .000627045
209 .000630060
210 .000633076
211 .000636092
212 .000639107
213 .000642123
214 .000645139
215 .000648154
216 .000651170
217 .000654186
218 .000657201
219 .000660217
220 .000663233
221 .000666248
222 .000669264
223 .000672280
224 .000675295
225 .000678311
226 .000681327
227 .000684343
228 .000687358
229 .000690374
230 .000693390
231 .000696406
232 .000699422
233 .000702437
234 .000705453
235 .000708469
236 .000711485
237 .000714501
238 .000717516
239 .000720532
240 .000723548
241 .000726564
242 .000729580
243 .000732596
244 .000735612
245 .000738628
246 .000741644
247 .000744660
248 .000747676
249 .000750691
250 .000753707
251 .000756723
252 .000759739
253 .000762755
254 .000765771
255 .000768787
256 .000771803
257 .000774819
258 .000777835
259 .000780851
260 .000783868
261 .000786884
262 .000789900
263 .000792916
264 .000795932
265 .000798948
266 .000801964
267 .000804980
268 .000807996
269 .000811012
270 .000814029
271 .000817045
272 .000820061
273 .000823077
274 .000826093
275 .000829109
276 .000832126
277 .000835142
278 .000838158
279 .000841174
280 .000844190
281 .000847207
282 .000850223
283 .000853239
284 .000856255
285 .000859272
286 .000862288
287 .000865304
288 .000868321
289 .000871337
290 .000874353
291 .000877370
292 .000880386
293 .000883402
294 .000886419
295 .000889435
296 .000892451
297 .000895468
298 .000898484
299 .000901501
300 .000904517
301 .000907533
302 .000910550
303 .000913566
304 .000916583
305 .000919599
306 .000922616
307 .000925632
308 .000928649
309 .000931665
310 .000934682
311 .000937698
312 .000940715
313 .000943731
314 .000946748
315 .000949764
316 .000952781
317 .000955798
318 .000958814
319 .000961831
320 .000964847
321 .000967864
322 .000970880
323 .000973897
324 .000976914
325 .000979930
326 .000982947
327 .000985964
328 .000988980
329 .000991997
330 .000995014
331 .000998030
332 .001001047
333 .001004064
334 .001007081
335 .001010097
336 .001013114
337 .001016131
338 .001019148
339 .001022164
340 .001025181
341 .001028198
342 .001031215
343 .001034232
344 .001037248
345 .001040265
346 .001043282
347 .001046299
348 .001049316
349 .001052333
350 .001055349
351 .001058366
352 .001061383
353 .001064400
354 .001067417
355 .001070434
356 .001073451
357 .001076468
358 .001079485
359 .001082502
360 .001085519
361 .001088536
362 .001091553
363 .001094570
364 .001097587
365 .001100604
366 .001103621
367 .001106638
368 .001109655
369 .001112672
370 .001115689
371 .001118706

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