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 ANNOUNCEMENTS

Announcement 95-42A
Announcement 95-42, 1995-22 I.R.B. 9, announcing a public hearing to be held on July 20, 1995, on simplifying the classification regulations to allow taxpayers to treat domestic unincorporated business organizations as partnerships or as associations on an elective basis, is corrected.

Announcement 95-53
A public hearing will be held on August 11, 1995, on proposed regulations relating to the disallowance of deductions for employee remuneration in excess of $1,000,000.

INCOME TAX

Rev. Rul. 95-45
Short-sale obligations assumed by corporations. The assumption of an obligation to deliver replacement securities to close out a short-sale constitutes the assumption of a liability for purposes of sections 357 and 358 of the Code. The amount of the liability assumed equals to the proceeds of the original short sale.

Rev. Rul. 95-46
Interest rates; underpayments and overpayments. The rate of interest determined under section 6621 of the Code for the calendar quarter beginning July 1, 1995, will be 8 percent for overpayments, 9 percent for underpayments, and 11 percent for large corporate underpayments. The rate of interest paid on the portion of a corporation overpayment exceeding $10,000 is 6.5 percent.

Rev. Rul. 95-47
LIFO; price indexes; department stores. The April 1995 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 April 30, 1995.

EMPLOYMENT TAXES

Railroad retirement; rate determination; quarterly
The Railroad Retirement Board has determined that the rate of tax imposed by section 3221(c) of the Code shall be thirty-three cents for the quarter beginning July 1, 1995.

EXCISE TAXES

Notice 95-39
The definition of the term substance in Notice 89-61 is modified to include polymers extruded in fiber form.

Notice 95-40
Determinations have been made to add polybutylene and polybutylene/ethylene to the list of taxable substances in section 4672(a)(3) of the Code.

ADMINISTRATIVE

T.D. 8596
Final regulations under section 7425 of the Code regarding the payment of excess expenses incurred by a purchaser at a nonjudicial sale in connection with the redemption of real property by the U.S.