INCOME TAX

Rev. Rul. 2005–65, page 684. Section 355(e). Guidance is provided on whether, under the described facts, an acquisition and a distribution are part of a plan under section 355(e) of the Code and section 1.355–7(b) of the regulations.

Rev. Rul. 2005–66, page 686. Federal rates; adjusted federal rates; adjusted federal long-term rate and the long-term exempt rate. For purposes of sections 382, 642, 1274, 1288, and other sections of the Code, tables set forth the rates for October 2005.

T.D. 9224, page 688. Final regulations under section 6654 of the Code provide information for making payments of estimated income tax by individuals. The regulations incorporate changes made by the Tax Reform Act of 1984 and are necessary to update, clarify, and reorganize the rules and procedures under section 6654. The regulations do not impose any new requirements for taxpayers.

Notice 2005–70, page 694. Section 362(e). This notice provides guidance on how to make an election under section 362(e)(2)(C) of the Code.