INCOME TAX — Internal Revenue Bulletin 2012-8

T.D. 9565, page 378. REG–124627–11, page 417. Final, temporary, and proposed regulations under section 368 of the Code provide guidance regarding the continuity of interest requirement for corporate reorganizations. The guidance is necessary to establish the date upon which continuity of interest is measured. The regulations affect corporations and their shareholders.

T.D. 9567, page 395. REG–130302–10, page 412. Temporary and proposed regulations under section 6038D of the Code provide guidance relating to the requirement that individuals attach a statement to their income tax return to provide required information regarding foreign financial assets in which they have an interest. The notice of proposed rulemaking also includes a proposed regulation setting forth requirements for certain domestic entities to report foreign financial assets in the same manner as an individual.

Notice 2012–14, page 411. This notice addresses whether individuals who are eligible for services at an Indian Health Service facility are also eligible individuals for purposes of contributing to a Health Savings Account (HSA) under section 223 of the Code.