INCOME TAX

T.D. 9585, page 935. Final regulations under section 1248 of the Code characterize gain with respect to stock in certain foreign corporations upon distributions.

REG–137589–07, page 942. Proposed regulations under section 162 of the Code describe the circumstances under which expenses paid or incurred for lodging when not traveling away from home (local lodging) may be deductible expenses. Proposed amendments to the regulations under section 262 provide that expenses for local lodging are nondeductible personal expenses unless they qualify as deductible expenses under section 162. Notice 2007–47 obsoleted.

REG–139991–08, page 945. Proposed regulations under section 337(d) of the Code provide guidance concerning certain transfers of property from a C corporation to a Regulated Investment Company (RIC) or a Real Estate Investment Trust (REIT) and will affect the parties to such transactions.

Notice 2012–34, page 937. This notice provides that the Treasury Department and the Service intend to delay the proposed effective dates for reporting for debt instruments and options by brokers and others under sections 6045(g), 6045(h), 6045A, and 6045B of the Code from January 1, 2013, to January 1, 2014.

Notice 2012–35, page 937. This notice provides inflation adjustment factors and reference prices for purposes of computing the renewable electricity production tax credit under section 45 of the Code for tax year 2012.

Finding Lists begin on page ii.