Internal Revenue Bulletins  

July 23, 1990

Internal Revenue Bulletin No. 1990-30

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.


Rev. Rul. 90-06
Low-income housing credit; satisfactory bond. Guidance is provided on the amount of bond considered satisfactory by the Secretary and the period of the bond required by the Secretary under section 42(j)(6) of the Code. Also monthly "bond factor" amounts to be used by taxpayers who dispose of low-income housing buildings or interests therein, during calendar years 1987, 1988, 1989, and the first seven months of calendar year 1990 are announced.

Rev. Rul. 90-61
Loss from death of tree seedlings. Greater than normally anticipated failure of planted tree seedlings because of an abnormal drought results in a deductible loss under section 165 of the Code. The deductible loss, allowable for the year in which the seedlings died, is in an amount equal to previously capitalized reforestation costs that had to be duplicated on replanting. The loss is treated as a loss from an involuntary conversion of property under section 1231(a)(4)(B). Rev. Rul. 81-2 distinguished; Rev. Rul. 87-59 amplified.

Ct. D. 2049
Funds transferred were not donated "for the use of" the church within the meaning of section 170 of the Code. Also the transfer of funds was not a contribution "to" the Church under section 1.170A-1(g) of the regulations. Harold Davis, et ux.

Proposed regulations under section 468A of the Code relate to nuclear decommissioning fund qualification requirements.


A list is given of organizations now classified as private foundations.


Notice 90-50
A determination has been made to add butyl acrylate, methyl acrylate, ethyl acrylate, and 2-ethylhexyl acrylate to the list of taxable substances in section 4672(a)(3) of the Code.


Rev. Proc. 90-39
Consolidated return; change method; allocating tax liability. Automatic approval procedures are provided for an affiliated group filing a consolidated return to elect or to change its method of allocating the consolidated federal income tax liability to members of the group.

Announcement 90-87
Changes are made to the instructions to the 1989 Schedule B (Actuarial Information) of form 5500 which provide guidance as to the calculation of the additional charge to the funding standard account for certain underfunded plans where there has been a combining and/or offsetting of amortization bases prior to 1989.

Previous | Next


You can either: Search all IRS Bulletin Documents issued since January 1996, or Search the entire site. For a more focused search, put your search word(s) in quotes.


You can search either the entire GAO Reports section, or all of UncleFed 's Tax*Board. For a more focused search, put your search word(s) in quotes.

1990 Weekly IRBs | IRS Bulletins Main | Home