Internal Revenue Bulletins  

May 06, 1996

Internal Revenue Bulletin No. 1996-19

Links to Official IRS Bulletin Documents listed below are in the Adobe Acrobat PDF Format, and require the appropriate Acrobat Reader to view and/or print.

INCOME TAX

I-0032-93(PDF, 391K)
General revision of regulations under Chapter 3 of the Code relating to withholding of tax on U.S. source income paid to foreign persons and related collection, refunds, and credits; revision of information reporting regulations under subpart B of Chapter 61 and backup withholding regulations under section 3406; and removal of regulations under part 35a and certain regulations under income tax treaties.

I-52-86(PDF, 391K)
General revision of regulations under Chapter 3 of the Code relating to withholding of tax on U.S. source income paid to foreign persons and related collection, refunds, and credits; revision of information reporting regulations under subpart B of Chapter 61 and backup withholding regulations under section 3406; and removal of regulations under part 35a and certain regulations under income tax treaties.

I-52-94(PDF, 391K)
General revision of regulations under Chapter 3 of the Code relating to withholding of tax on U.S. source income paid to foreign persons and related collection, refunds, and credits; revision of information reporting regulations under subpart B of Chapter 61 and backup withholding regulations under section 3406; and removal of regulations under part 35a and certain regulations under income tax treaties.

I-0062-90(PDF, 391K)
General revision of regulations under Chapter 3 of the Code relating to withholding of tax on U.S. source income paid to foreign persons and related collection, refunds, and credits; revision of information reporting regulations under subpart B of Chapter 61 and backup withholding regulations under section 3406; and removal of regulations under part 35a and certain regulations under income tax treaties.

Rev. Rul. 96-24(PDF, 7K)
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 May 1996.

Rev. Rul. 96-25(PDF, 9K)
Fringe benefits aircraft valuation formula. For purposes of section 1.61-21(g) of the regulations, relating to the rule for valuing non-commercial flights on employer-provided aircraft, the Standard Industry Fare Level (SIFL), cents-per-mile rates, and terminal charges in effect for 1996 are set forth. Rev. Rul. 95-66 modified.

EXEMPT ORGANIZATIONS

Announcement 96-39(PDF, 13K)
Families for Children, Golden Valley, MN, no longer qualifies as an organization to which contributions are deductible under section 170 of the Code.

EXCISE TAX

Notice 96-28(PDF, 37K)
A determination has been made to add butyl benzyl phthalate to the list of taxable substances in section 4672(a)(3) of the Code.

ADMINISTRATIVE

Announcement 96-38(PDF, 9K)
The instructions for Schedule SSA (Form 5500), Annual Registration Statement Identifying Separated Participants With Deferred Vested Benefits, are corrected.

Announcement 96-40(PDF, 5K)
T.D. 8653, 1996-12 I.R.B. 4, relating to the character and timing of gain or loss from certain hedging transactions entered into by members of a consolidated group, is corrected.

Notice 96-29(PDF, 42K)
Credit for producing fuel from a nonconventional source, section 29 inflation adjustment factor, and section 29 reference price. This notice publishes the section 29 inflation adjustment factor, nonconventional source fuel credit, and the section 29 reference price for calendar year 1995. These data are used to determine the credit allowable on fuel produced from a nonconventional source under section 29 of the Code.

Rev. Proc. 96-30(PDF, 119K)
Section 355 checklist questionnaire. This procedure sets forth in a checklist questionnaire the information that must be included in a request for rulings under section 355.

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