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Internal Revenue Bulletin:  2016-42 

October 17, 2016 


Table of Contents

Notice 2016–60Notice 2016–60

This notice explains the circumstances under which the 4-year replacement period under section 1033(e)(2) is extended for livestock sold on a count of drought. The Appendix to this notice contains a list of counties that experienced exception, extreme, or severe drought conditions during the 12-month period ending August 31, 2016. Taxpayers may use this list to determine if any extension is available.

T.D. 9786T.D. 9786

This document contains final regulations concerning the application of the credit for increasing research activities and provide guidance on software that is developed by (or for the benefit of) the taxpayer primarily for internal use by the taxpayer (internal use software). These final regulations also include examples to illustrate the application of the process of experimentation requirement to software.

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