Internal Revenue Bulletin: 2015-5
February 2, 2015
Table of Contents
This NPRM provides proposed rules relating to internal use software under § 41(d)(4)(E). Generally, § 41 provides for the research credit based on expenses incurred for qualified research; however, research with respect to internal use software is not qualified research except to the extent provided by regulations.
This notice provides guidance on the performance and quality standards that small wind energy property must meet to qualify for the energy credit under § 48 of the Code. The notice allows a taxpayer to rely on a certification from an eligible certifier in determining whether a wind turbine meets the performance and quality standards. The notice also sets forth the required contents of a certification as well as the definition of an eligible certifier.
This revenue procedure updates and revises the general procedures under § 446(e) of the Internal Revenue Code and § 1.446–1(e) of the Income Tax Regulations to obtain the consent of the Commissioner of Internal Revenue (Commissioner) to change a method of accounting for federal income tax purposes. Specifically, this revenue procedure provides the general procedures to obtain the advance (non-automatic) consent of the Commissioner to change a method of accounting and provides the procedures to obtain the automatic consent of the Commissioner to change a method of accounting described in Rev. Proc. 2015–14, 2015–5 I.R.B. 450 (or successor) (List of Automatic Changes).
This revenue procedure provides the List of Automatic Changes to which the automatic change procedures in Rev. Proc. 2015–13, 2015–5 I.R.B. 419, (or successor) apply. The definitions in section 3 of Rev. Proc. 2015–13 apply to this revenue procedure.
Revenue Procedure 2015–15 provides the 2015 monthly national average premium for qualified health plans that have a bronze level of coverage for taxpayers to use in determining their maximum individual shared responsibility payment under § 5000A(c)(1)(B) of the Internal Revenue Code and § 1.5000A–4 of the Income Tax Regulations.
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