These synopses are intended only as aids to the reader in identifying the subject matter covered. They may not be relied upon as authoritative interpretations. Proposed regulations under section of the Code provide translation rates that must be used when translating into dollars certain items and amounts transferred by a qualified business unit to its home office or parent corporation for purposes of computing dollar approximate separate transactions method gain or loss.
This notice alerts taxpayers who submit offers in compromise on or after July 16, , that they must include a nonrefundable down payment with their offers. The notice also waives the down payment requirement for low-income taxpayers and taxpayers who submit offers based solely on doubt as to liability. This notice provides further guidance on the use of debit cards to reimburse participants in health flexible spending arrangements FSAs and health reimbursement arrangements, including substantiating claimed medical expenses at the point-of-sale through an inventory information approval system.
It also provides guidance on use of debit cards for dependent care FSAs. Nonbank trustees; section 1. This announcement contains a list of entities previously approved to act as nonbank trustees and nonbank custodians within the meaning of section 1.
In addition, the announcement contains instructions on how errors in the list may be corrected. Announcement updated and superseded. This document notifies the public of the new excise taxes and related disclosure requirements that target certain potentially abusive tax shelter transactions to which tax-exempt entities are parties.
It also solicits comments regarding the new excise taxes and disclosure requirements. Fresh Start, Inc. Report of tips by employee to employer. This procedure provides guidance on the Attributed Tip Income Program ATIP , which is a new voluntary tip reporting program providing benefits to employers and employees similar to other tip reporting agreements without requiring one-on-one meetings with the Service to determine tip rates or eligibility.
