INCOME TAX

Rev. Rul. 2012–9, page 475. 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 March 2012.

T.D. 9569, page 465. REG–145474–11, page 495. Final, temporary, and proposed regulations under section 482 of the Code address concerns that taxpayers are taking unreasonable positions with respect to the determination of discount rates in applying the income method to determine taxable income in connection with cost sharing arrangements. The regulations provide guidance on a discount rate- related best method consideration for evaluating an application of the income method.

T.D. 9571, page 468. REG–113903–10, page 486. Temporary and proposed regulations under section 904 of the Code provide transition rules regarding the reduction of the number of separate foreign tax credit limitation categories. A public hearing on the proposed regulations is scheduled for April 3, 2012.

T.D. 9572, page 471. REG–120282–10, page 487. Temporary and proposed regulations under section 871 of the Code provide a definition of the term “specified notional principal contract.” The temporary regulation also amend the provision of the Code to address the treatment of dividend equivalents. A public hearing on the proposed regulation is scheduled for April 27, 2012.

Finding Lists begin on page ii.