INCOME TAX

Notice 2012–26, page 847. Modification of Notice 2008–40; deduction for energy efficient commercial buildings. This notice modifies Notice 2006–52, 2006–1 C.B. 1175, and Notice 2008–40, 2008–1 C.B. 725, by providing an additional set of energy savings percentages that taxpayers may use to qualify for a partial section 179D deduction under the permanent rule for property placed in service on or after the effective date of the notice. Specifically, the applicable energy savings percentages provided under this notice are 25 percent for the interior lighting system, 15 percent for the HVAC and hot water systems, and 10 percent for the building envelope. Notice 2006–52, as clarified and amplified by Notice 2008–40, modified.

Rev. Proc. 2012–22, page 853. General rules and specifications for substitute forms W-2c and W-3c. This procedure provides specifications for the private printing of red-ink and black-and-white paper substitutes for the 2011 revision of Form W-2c, Corrected Wage and Tax Statement, and Form W-3c, Transmittal of Corrected Wage and Tax Statements . It will be reproduced as the next revision of Publication 1223. Rev. Proc. 2010–43 superseded.