Internal Revenue Bulletins  

February 21, 1995

Internal Revenue Bulletin No. 1995-8

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.


INCOME TAX

Rev. Rul. 95-16
Excess investment interest carryover. The carryover of a taxpayer's disallowed investment interest to a succeeding taxable year under section 163(d) of the Code is not limited by the taxpayer's taxable income for the taxable year in which the interest is paid or accrued. Rev. Rul. 86-70 revoked.

Notice 95-8
Resident populations of the various states for determining the 1995 calendar year (1) state housing credit ceiling under section 42(h) of the Code, and (2) private activity bond volume cap under section 146 are reproduced.

Fl-42-94
Proposed regulations under section 475 of the Code relate to the mark-to-market method of accounting for securities that is required to be used by a dealer in securities. A public hearing will be held on May 3, 1995.

Announcement 95-15
HHSV MRI Corporation, Hawthorne, NJ, no longer qualifies as an organization to which contributions are deductible under section 170 of the Code.


EMPLOYEE PLANS

Announcement 95-14
In Commissioner v. Keystone Consolidated Industries, Inc., the U.S. Supreme Court held that a contribution in kind to a defined benefit plan generally is a prohibited transaction within the meaning of section 4975(c)(1)(A) of the Code. If the enumerated criteria are met, certain additions to tax will not apply.


EXEMPT ORGANIZATIONS

Announcement 95-16
A list is given of organizations now classified as private foundations.


ADMINISTRATIVE

Rev. Proc. 95-16
Substitute printed, computer-prepared, and computer-generated tax forms and schedules. Requirements are set forth for privately designed and printed federal tax return forms and the conditions under which the Service will accept computer-prepared and computer generated tax forms and schedules. Rev. Procs. 94-34 and 94-51 superseded.


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