There are no links to the official documents for the years 1989 through 1995. The information below can only be used as help for further research, as there is not enough information here to rely on for official guidance. For that you need to obtain a copy of the complete document.

SPECIAL ANNOUNCEMENT

Announcement 89-51
A public hearing will be held on May 18, 1989, on proposed regulations relating to allocation and apportionment of deduction or state income tax.

INCOME TAX

Rev. Rul. 89-43
Insurance; life insurance reserves. Certain reserves set aside for a level premium, guaranteed renewable, group long-term care policy that provides indemnity benefits for an impaired individual qualify as life insurance reserves under section 816(b) of the Code.

Rev. Rul. 89-51
Business expenses; rental of vacation home. The right to use a vacation home for one week, donated by the owner to a charitable fund-raising auction and sold for fair rental value, is counted as one week of personal use by the owner in determining the owner's right to deduct expenses.

Rev. Rul. 89-54
LIFO; price indexes; department stores. The January 1989 Bureau of Labor Statistics price indexes are accepted for use by department stores employing the retail inventory and last-in, first-out inventory methods for valuing inventories for tax years ended on, or with reference to, January 31, 1989.

Rev. Rul. 89-55
Trusts; qualified subchapter S trusts. A trust is not a qualified subchapter S trust (QSST) if the terms of the trust instrument provide that in the event the trust does not hold shares of an S corporation, the trust may terminate during the life of the current income beneficiary and distribute its corpus to persons other than that beneficiary.

Rev. Proc. 89-27
Mortgage revenue bonds; average area purchase price. Average area purchase price safe harbor limitations for Guam and Puerto Rico are added to the list of Rev. Proc. 88-48, 1988-39 I.R.B. 39, Rev. Proc. 88-48 supplemented. Rev. Proc. 85-42, as supplemented by Rev. Proc. 87-19, is obsoleted in part.

Rev. Proc. 89-28
Rulings; section 355. The procedure that sets forth the information that must be included in a request for a ruling under section 355 of the Code is amplified. Rev. Proc. 86-41 amplified.

Notice 89-40
Guidance is provided under section 865 of the Code concerning the sourcing of gain from sales of nondepreciable personal property by bona fide Puerto Rican residents.

Notice 89-46
In determining the amount of the tax credit for production of fuel from nonconventional sources for the calendar year 1988, the inflation adjustment factor to be used is 1.5483 and the reference price to be used for qualified fuels is $12.57.

T.D. 8243
INTL-988-86
Temporary and proposed regulations under section 367(b) of the Code relate to certain exchanges involving a foreign corporation.

Announcement 89-52
Heritage Canada, Ottawa, Canada, no longer qualifies as an organization contributions to which are deductible under section 170 of the Code.

EMPLOYEE PLANS

Rev. Rul. 89-49
Governmental plan; volunteer fire company. A retirement plan maintained by an organization is not a governmental plan within the meaning of section 414(d) of the Code since the governmental unit did not have sufficient control over the organization.

Rev. Rul. 89-50
Individual retirement accounts; rollover; annuity contract. The portion of a distribution from a section 403(b) annuity contract that was previously included in an employee's income may not be rolled over into an IRA.

Rev. Rul. 89-52
Qualification; participants right to exercise control of assets. A plan does not qualify under section 401(a) of the Code where plan participants have the right to acquire, hold and dispose of an amount attributable to their account balances in the plan.

Rev. Rul. 89-53
Minimum vesting standards; discontinuance of contributions. A profit-sharing plan that did not contain a provision that employees' accrued benefits become nonforfeitable upon the complete discontinuance of contributions did not qualify under section 401(a) of the Code during its first plan year, even though contributions were made during the first year. Rev. Rul. 68-137 revoked.

Notice 89-42
Guidance is provided with respect to the required beginning date for distributions mandated by section 401(a)(9) of the Code for certain individuals who attained age 70-1/2 in 1988 and had not separated from service by January 1, 1989.

EXCISE TAXES

Notice 89-38
Modifications are made to rules for administration of diesel and aviation fuel taxes, including the definition of the term "wholesale distributor." Notice 88-132 modified.

ADMINISTRATIVE

Notice 89-41
Procedures are set forth for claiming a refund (for taxable years beginning in 1988) under section 7519 of the Code, relating to "required payments" of a partnership or S corporation for the use of a taxable year other than the required year.