INCOME TAX

Rev. Rul. 2012–12, page 748. Federal rates; adjusted federal rates; adjusted federal long-term rate and the long-term exempt rate. The March 2012 Applicable Federal Rate is modified to correct the annual long-term adjusted Applicable Federal Rate and the long-term tax-exempt rate for ownership changes. Rev. Rul. 2012–9 modified.

T.D. 9576, page 723. Final regulations under section 901 of the Code provide guidance relating to the determination of who is considered to pay a foreign income tax for purposes of the foreign tax credit. Notice 2007–95 obsoleted in part.

T.D. 9577, page 730. REG–132736–11, page 793. Final and temporary regulations under section 909 of the Code provide guidance addressing situations in which foreign income taxes have been separated from the related income. Notice 2010–92 obsoleted.

REG–124791–11, page 791. Proposed regulations under section 6109 of the Code provide guidance on the eligibility of the tax preparers to obtain or renew a preparer tax identification number (PTIN).