Section 7872.—Treatment of Loans With Below-Market Interest Rates

The adjusted applicable federal short-term, midterm, and long-term rates are set forth for the month of April 2005. See Rev. Rul. 2005-23, page 864.

(vi) Total assets. (vii) Beginning- and end-of-year inventory.

(viii) Royalty income. (ix) Interest income, including portfolio interest.

(x) Rental income, including gross rents.

(xi) Tax-exempt interest income. (xii) Net gain from sales of business property.

(xiii) Other income. (xiv) Total income. (xv) Percentage of stock owned by each shareholder.

(xvi) Percentage of capital ownership of each partner.

(xvii) Principal industrial activity code, including the business description.

(xviii) Consolidated return indicator. (xix) Wages, tips, and other compensation.

(xx) Social Security wages.

(xxi) Deferred wages. (xxii) Social Security tip income. (xxiii) Total Social Security taxable earnings.

(xxiv) Gross distributions from employer-sponsored and individual retirement plans from Form 1099–R.

(b)(4) through (b)(6) [Reserved]. For further guidance, see §301.6103(j)(1)–1(b)(4) through (b)(6).

(c) through (d) [Reserved]. For further guidance, see §301.6103(j)(1)–1(c) and (d).

(e) Effective date . This section is applicable to disclosures to the Bureau of the Census on or after March 10, 2005.

Mark E. Matthews, Deputy Commissioner for Services and Enforcement .

Approved February 26, 2005.

April 11, 2005 885 2005–15 I.R.B.