Section 10. DRAFTING INFORMATION

The principal authors of this notice are Susan Athy and Deborah Karet of the Office of the Associate Chief Counsel (Passthroughs and Special Industries).

August 29, 2005 448 2005–35 I.R.B.

plan years beginning in the month shown below.

Corporate

For Plan Years Bond 90% to 100%

Beginning in: Weighted Permissible Month Year Average Range

August 2005 5.87 5.28 to 5.87

imum amount of the deduction allowed under § 404(a)(1).

The rate of interest on 30-year Treasury securities for July 2005 is 4.41 percent. Pursuant to Notice 2002–26, 2002–1 C.B. 743, the Service has determined this rate as the monthly average of the daily determination of yield on the 30-year Treasury bond maturing in February 2031.

The following 30-year Treasury rates were determined for the plan years beginning in the month shown below.

30-YEAR TREASURY SECURITIES WEIGHTED AVERAGE INTEREST RATE

Section 417(e)(3)(A)(ii)(II) defines the applicable interest rate, which must be used for purposes of determining the minimum present value of a participant’s benefit under § 417(e)(1) and (2), as the annual rate of interest on 30-year Treasury securities for the month before the date of distribution or such other time as the Secretary may by regulations prescribe. Section 1.417(e)–1(d)(3) of the Income

Tax Regulations provides that the applicable interest rate for a month is the annual interest rate on 30-year Treasury securities as specified by the Commissioner for that month in revenue rulings, notices or other guidance published in the Internal Revenue Bulletin.

Section 404(a)(1) of the Code, as amended by the Pension Funding Equity Act of 2004, permits an employer to elect to disregard subclause (II) of § 412(b)(5)(B)(ii) to determine the max

30-Year

For Plan Years Treasury 90% to 105% 90% to 110%

Beginning in: Weighted Permissible Permissible Month Year Average Range Range

August 2005 4.94 4.44 to 5.18 4.44 to 5.43

1–202–283–9703. Mr. Montanaro may be reached at 1–202–283–9714. The telephone numbers in the preceding sentences are not toll-free.

Drafting Information

The principal authors of this notice are Paul Stern and Tony Montanaro of the Employee Plans, Tax Exempt and Government Entities Division. For further information regarding this notice,

please contact the Employee Plans’ taxpayer assistance telephone service at 1–877–829–5500 (a toll-free number), between the hours of 8:00 a.m. and 6:30 p.m. Eastern time, Monday through Friday. Mr. Stern may be reached at

26 CFR 601.602: Tax forms and instructions. (Also Part 1, §§ 6012, 6061, 6033, 1.6011–1(a), 1.6012–5, 301.6061–1(b).)

Rev. Proc. 2005–60

TABLE OF CONTENTS

SECTION 1. PURPOSE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 450

SECTION 2. BACKGROUND AND CHANGES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 450

SECTION 3. DEFINITIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 451

SECTION 4. ACCEPTANCE TO PARTICIPATE IN THE IRS e-file PROGRAM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 451

SECTION 5. RESPONSIBILITIES OF AN AUTHORIZED IRS e-file PROVIDER . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 451

SECTION 6. PENALTIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 452

SECTION 7. MONITORING AND SANCTIONING AN AUTHORIZED IRS e-file PROVIDER . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 453

2005–35 I.R.B. 449 August 29, 2005

SECTION 8. ADMINISTRATIVE REVIEW PROCESS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 453

SECTION 9. PILOT PROGRAMS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 453

SECTION 10. EFFECT ON OTHER DOCUMENTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 453

SECTION 11. EFFECTIVE DATE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 453

SECTION 12. INTERNAL REVENUE SERVICE OFFICE CONTACT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 453

ing of Form 1040NR, U.S. Nonresident Alien Income Tax Return . For procedures governing the electronic filing of Form 1040NR, see Rev. Proc. 2000–24, 2000–1 C.B. 1133.

.05 This revenue procedure also does not cover providers of information returns that are filed under the FIRE (Filing Information Returns Electronically) Program. The information returns not covered by this revenue procedure include:

(1) Form 1042–S, Foreign Person’s U.S. Source Income Subject to Withhold- ing ;

(2) Form 1098, Mortgage Interest Statement ;

(3) Form 5498, Individual Retirement Arrangement Contribution Information ;

(4) Form 8027, Employer’s Annual In- formation Return of Tip Income and Allo- cated Tips ;

(5) Form W–2G, Certain Gambling Winnings ; and

(6) Questionable Forms W–4, Em- ployee’s Withholding Allowance Certifi- cate . See Publication 1220, Specifications for Filing Forms 1098, 1099, 5498 and W2–G Magnetically or Electronically .