Internal Revenue Bulletins  

August 3, 1992

Internal Revenue Bulletin No. 1992-31

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INCOME TAX

Rev. Rul. 92-59
Federal rates; adjusted federal rates; adjusted federal long-term rate, and the long-term exempt rate. For purposes of sections 1274, 1288, 382, and other sections of the Code, tables set forth the rates for August 1992.

Rev. Rul. 92-60
Cooperative housing corporation; gross income from tenant-stockholders; rental payments from sublessees. Rental payments received by a cooperative housing corporation from a sublessee of a defaulting tenant-stockholder pursuant to the terms of a proprietary lease are income derived from tenant-stockholders within the meaning of section 216(b)(1)(D) of the Code.

Announcement 92-107
A list of organizations is provided that no longer qualify as organizations, contributions to which are deductible under section 170 of the Code.


EMPLOYEE PLANS

Notice 92-34
Guidelines are set forth for determining for July 1992, the weighted average interest rate and the resulting permissible range of interest rates used to calculate current liability for purposes of the full funding limitation of section 412(c)(7) of the Code as amended by the Omnibus Budget Reconciliation Act of 1987.


ADMINISTRATIVE

Announcement 92-108
The Service implemented its new AUTOGEN program nationwide.

Announcement 92-109
The October 1989, revision of Form 8816, Special Loss Discount Account and Special Estimated Tax Payments for Insurance Companies, contains an error in the instructions for line 12, columns (a) and (b). The June 1992 revision of Form 8816 is now available.

Announcement 92-110
Errors in Publication 936, Home Mortgage Interest Deduction, are corrected.


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