INCOME TAX

Rev. Rul. 2005–75, page 1073. CPI adjustment for below-market loans for 2006. The amount that section 7872(g) of the Code permits a taxpayer to lend to a qualified continuing care facility without incurring imputed interest is published and adjusted for inflation for years 1987–2006. Rev. Rul. 2004–108 supplemented and superseded.

Rev. Rul. 2005–76, page 1072. Section 1274A – inflation adjusted numbers for 2006. This ruling provides the dollar amounts, increased by the 2006 inflation adjustment, for section 1274A of the Code. Rev. Rul. 2004–107 supplemented and superseded.

Rev. Rul. 2005–77, page 1071. 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 December 2005.

Notice 2005–83, page 1075. This notice provides relief for certain health plans with non-calendar year renewal dates that otherwise qualify as high-deductible health plans (HDHPs), except that the plans provide state-mandated benefits without regard to a deductible or with a deductible below the minimum annual deductible specified in section 223(c)(2) of the Code. Notice 2004–43 amplified.

Notice 2005–86, page 1075. This notice provides guidance on the eligibility to contribute to a Health Savings Account (HSA) during the cafeteria plan grace period described in Notice 2005–42, 2005–23 I.R.B. 1204. Rev. Rul. 2004–45 and Notice 2005–42 amplified.

Finding Lists begin on page ii.