Internal Revenue Bulletins  

October 16, 1995

Internal Revenue Bulletin No. 1995-42

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 95-83
A public hearing will be held on November 7, 1995, on proposed regulations relating to electronic filing of Form W-4, Employee's Withholding Allowance Certificate.


INCOME TAX

Rev. Rul. 95-69
Continuity of interest; distribution by a partnership of stock received in a reorganization. Satisfaction of the continuity of proprietary interest requirement of section 1.368-1(b) of the regulations is not affected by a partnership's distribution of stock received in a reorganization to its partners in accordance with their interests in the partnership.

Rev. Rul. 95-72
LIFO; price indexes; department stores. The August 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, August 31, 1995.

Notice 95-50
The temporary Income Tax Regulations will be amended to increase from $25 to $75 the threshold for obtaining and maintaining receipts for expenditures required to be substantiated under section 274(d) of the Code. Also, public comment is invited on whether changes should be made to the adequate accounting rules to provide alternative means of satisfying the substantiation requirements of section 274(d).


EXEMPT ORGANIZATIONS

Announcement 95-85
Shirley Caesar Outreach Ministries, Inc., Durham, NC, no longer qualifies as an organization to which contributions are deductible under section 170 of the Code.


ADMINISTRATIVE

Rev. Rul. 95-68
Failure to deposit by electronic funds transfer. Applicability of the failure-to-deposit penalty imposed by section 6656 of the Code to taxpayers that are required to deposit by electronic funds transfer (EFT) and also to taxpayers that deposit voluntarily by EFT.

Rev. Rul. 95-71
Obsolete revenue rulings. This ruling publishes a list of revenue rulings identified under the Regulatory Reinvention Initiative as being obsolete.

Rev. Proc. 95-44
Obsolete revenue procedures. This procedure publishes a list of revenue procedures identified under the Regulatory Reinvention Initiative as being obsolete.

Notice 95-51
This notice requests public comments on the proposed withdrawal or removal of regulations.

IA-36-91
Proposed regulations under section 7503 of the Code relating to the time for performance of acts where the last day falls on a Saturday, Sunday, or legal holiday.

Announcement 95-84
T.D. 8610, 1995-37 I.R.B. 13, relating to taxable mortgage pools, is corrected.


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