INCOME TAX — Internal Revenue Bulletin 2012-35

Application of section 162(m)(4)(C) to dividends and dividend

equivalents (RR 19) 28, 16 Background file document requests, processing fees, update to

Rev. Proc. 95–15 (RP 31) 33, 256 Basis of indebtedness of S corporations to their shareholders

(REG–134042–07) 27, 5 Bonds:

Qualified energy conversation bonds (Notice 44) 28, 45 Tribal economic development bonds (Notice 48) 31, 102 Charitable contribution deduction (Notice 52) 35, 317 Corporations, regulations under section 367(d) applicable to cer tain outbound asset reorganizations (Notice 39) 31, 95 Credits:

Low-income housing credit:

Utility allowances submetering (REG–136491–09) 35,

321 Qualifying advance coal project section 48A credit (Notice

33, 150 Deductions for entertainment use of business aircraft (TD 9597)

34, 258 Disciplinary actions involving attorneys, certified public ac counts, enrolled agents, and enrolled actuaries (Ann 28) 27, 10 ; (Ann 33) 35, 325 Election to include in gross income in year of transfer (RP 29)

28, 49 Financial asset securitization investment trusts (Ann 27) 27, 10 Forms 1097, 1098, 3921, 3922, 5498, 8935, and W-2G, require ments for filing electronically (RP 30) 33, 165 Interest:

Investment:

Federal short-term, mid-term, and long-term rates for:

July (RR 20) 27, 1 August 2012 (RR 21) 32, 123 Marginal production rates, 2012 (Notice 50) 31, 121 Modification to consolidated return regulation permitting an

election to treat a liquidation of a target, followed by a recontribution to a new target, as a cross-chain reorganization (TD 9594) 29, 57 Overall foreign loss recapture on property dispositions (REG–134935–11) 29, 64 Proposed Regulations:

26 CFR 1.42–10, –12, amended; utility allowances submetering (REG–136491–09) 35, 321 26 CFR 1.108–7, amended; 1.366–0, amended; 1.1366–2, –5, amended; 1.1367–1(h), amended; 1.1367–3, amended; basis of indebtedness of S corporations to their shareholders (REG–134042–07) 27, 5