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Article 24 provides, in relevant part:

Internal Revenue Bulletin 2013-3 · 2026-10-03 edition · updated 2026-10-04 · United States

For purposes of this Convention:

(6) Income received by an individual for his performance of labor or personal services, whether as an employee or in an independent capacity, shall be treated as income from sources within a Contracting State only to the extent that such services are performed in that Contracting State ... Notwithstanding the preceding provisions of this paragraph, remuneration described in Article 17 (Governmental Functions) and payments described in Article 19 (Social Security Payments) shall be treated as income from sources within a Contracting State only if paid by or from the public funds of that Contracting State or a political subdivision or local authority thereof. Article 17 provides as follows:

that filed the corresponding claim for award. Payment of an award will be made as promptly as the circumstances permit, but not until there has been a final determination of tax with respect to the action(s), as defined in paragraph (d)(2) of this section, the Whistleblower Office has determined the award, and all appeals of the Whistleblower Office’s determination are final or the individual has executed an award consent form agreeing to the amount of the award and waiving the individual’s right to appeal the determination.

(2) Final determination of tax . For purposes of §§ 301.7623–1 through 301.7623–4, a final determination of tax means that the proceeds resulting from the action(s) subject to the award determination have been collected and either the statutory period for filing a claim for refund has expired or the taxpayer(s) subject to the action(s) and the IRS have agreed with finality to the tax or other liabilities for the period(s) at issue and the taxpayer(s) have waived the right to file a claim for refund.

(3) Joint Claimants . If multiple individuals jointly submit a claim for award, the IRS will pay any award in equal shares to the joint claimants unless the joint claimants specify a different allocation in a written agreement, signed by all the joint claimants and notarized, and submitted with the claim for award. The aggregate award payment in cases involving joint claimants will be within the award percentage range of section 7623(b)(1) or section 7623(b)(2), as applicable, and subject to the award reduction provisions of section 7623(b)(3).

(4) Deceased Claimant . If a claimant dies before or during the whistleblower administrative proceeding, the Whistleblower Office will substitute an executor, administrator, or other legal representative on behalf of the deceased claimant for purposes of conducting the whistleblower administrative proceeding.

(5) Tax treatment of award . All awards are subject to current Federal tax reporting and withholding requirements.

(e) Effective/applicability date . When finalized, § 301.7623–4 is proposed to apply to information submitted on or after the

date of publication of the Treasury decision adopting these rules as final regulations in the Federal Register and to claims for award under section 7623(b) that are open as of the date of publication of the Treasury decision adopting these rules as final regulations in the Federal Register .

Steven T. Miller, Deputy Commissioner for Services and Enforcement .

(Filed by the Office of the Federal Register on December 14, 2012, 4:15 p.m., and published in the issue of the Federal Register for December 18, 2012, 77 F.R. 74798)

U.S.-Norway Agreement Regarding the Sourcing of Remuneration for Government Services and Social Security Payments

Announcement 2013–5

The following is a copy of the Competent Authority Agreement entered into by the competent authorities of the United States of America and the Kingdom of Norway clarifying the meaning of “remuneration described in Article 17 (Governmental Functions)” and “payments described in Article 19 (Social Security Payments)” as those phrases are used in the last sentence of paragraph 6 of Article 24 (Source of Income) of the Convention Between the United States of America and the Kingdom of Norway for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income and Property, signed on December 3, 1971, and as amended by the Protocol signed on September 19, 1980.

The text of the Competent Authority Agreement is as follows:

January 14, 2013 306 2013–3 I.R.B.

ample, if the United States makes a Social Security payment to a resident of Norway based on personal services that were performed partly within the United States and partly without the United States, the entire amount of the payment will be treated as income from sources within the United States.

The Competent Authorities also confirm that remuneration that is not described in Article 17 is subject to the provisions of the applicable article, e.g., Article 14 (Dependent Personal Services) or Article 18 (Private Pensions and Annuities).

The Competent Authorities also agree that if remuneration described in Article 17 is paid to a citizen of Norway who is also either a citizen of the United States or a lawful permanent resident of the United States, then the United States may tax the payment under paragraph 3 of Article 22 (General Rules of Taxation) and, solely to the extent necessary to alleviate double taxation under paragraph 1 of Article 23 (Relief from Double Taxation), will treat the entire amount of the payment as income from sources without the United States.

Agreed to by the undersigned Competent Authorities:

or Marie C. Milnes-Vasquez at (202) 622–7530 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

The notice of proposed rulemaking (REG–140668–07) that is the subject of these corrections are under sections 172 and 1502 of the Internal Revenue Code.

Need for Correction

As published, the notice of proposed rulemaking (REG–140668–07) contains

Wages, salaries, and similar remuneration, including pensions or similar benefits, paid by or from public funds of one of the Contracting States, or a political subdivision or local authority thereof, to a citizen of that Contracting State for labor or personal services performed for that Contracting State, or for any of its political subdivisions or local authorities, in the discharge of governmental functions shall be exempt from tax by the other Contracting State. Article 19 provides as follows: Social Security payments and other public pensions paid by one of the Contracting States to an individual who is a resident of the other Contracting State or a citizen of the United States shall be taxable only in the first-mentioned Contracting State. This article shall not apply to payments described in Article 17 (Governmental Functions). The Competent Authorities agree that for purposes of the last sentence of Article 24(6):

Michael Danilack United States Competent Authority November 27, 2012

Stig Sollund Norwegian Competent Authority December 10, 2012

Regulations Regarding the Application of Section 172(h) Including Consolidated Groups; Correction

Announcement 2013–6

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice of proposed rulemaking.

(1) The phrase “remuneration described in Article 17 (Governmental Functions)” is limited to wages, salaries, and similar remuneration, including pensions or similar benefits, paid by or from public funds of one of the Contracting States, or a political subdivision or local authority thereof, to a citizen of that Contracting State for labor or personal services performed for that Contracting State, or for any of its political subdivisions or local authorities, in the discharge of governmental functions. Thus, for example, remuneration paid by or from public funds of Norway to a person who is not a citizen of Norway is not remuneration described in Article 17 and, consequently, would not be treated as income from sources within Norway pursuant to the last sentence of Article 24(6). Under the first sentence of Article 24(6), such remuneration would be treated as income from sources within a Contracting State to the extent that such services are performed in that Contracting State.

(2) The phrase “payments described in Article 19 (Social Security Payments)” means Social Security payments and other public pensions paid by one of the Contracting States to an individual who is a resident of the other Contracting State or a citizen of the United States, without regard to the location of the performance of the personal services underlying the entitlement to the payments. Thus, for ex

SUMMARY: This document contains corrections to a notice of proposed rulemaking (REG–140668–07, 2012–43 I.R.B. 501) that was published in the Federal Register on Monday, September 17, 2012 (77 FR 57452). The proposed regulation provides guidance regarding the treatment of corporate equity reduction transactions (CERTs), including the treatment of multiple step plans for the acquisition of stock and CERTs involving members of a consolidated group.

FOR FURTHER INFORMATION CONTACT: Amie Colwell Breslow

2013–3 I.R.B. 307 January 14, 2013

errors that may prove to be misleading and are in need of clarification.

Correction of Publication

Accordingly, the notice of proposed rulemaking (REG–140668–07), that was the subject of FR Doc. 2012–22838, is corrected as follows:

  1. On page 57452, in the preamble, column 1, under the caption “ADDRESSES”, line 10, the language “Service, 1111 Constitution Avenue NW.,” is corrected to read “Service, 1111 Constitution Avenue, NW,”.

  2. On page 57453, in the preamble, column 2, under the caption “Background”, line 16 from the bottom of the page, the language “return group; (4) application of these” is corrected to read “group; (4) application of these”.

  3. On page 57456, in the preamble, column 3, under the paragraph heading C. Loss Limitation Years, line 6 from the bottom of the first paragraph, the language “section 172 and 381 are applied as if the” is corrected to read “sections 172 and 381 are applied as if the”.

§ 1.172(h)–2 [Corrected]

  1. On Page 57462, column 1, under the paragraph heading §1.172(h)–2 Com- putation of a CERIL., fourth paragraph of the column, line 6, the language “addition, under the principles of section” is corrected to read “addition, under the principles of”.

§ 1.172(h)–4 [Corrected]

  1. On Page 57465, column 1, under the paragraph heading §1.172(h)–4 Special rules for predecessors and successors., second full paragraph of the column, line 13, the language “occurred. See §§1.172(h)–5(a) (defining” is corrected to read “occurred. See §1.172(h)–5(a) (defining”.

  2. On Page 57465, column 3, under the same paragraph heading, line 21 from the top of the column, the language “interest paid or accrued during the 3 year” is corrected to read “interest paid or accrued during the three-year”.

§ 1.1502–72 [Corrected]

  1. On page 57471, column 2, under the paragraph heading § 1.1502–72

Corporate equity reduction transac- tions., lines 10 and 11 from the top of the column, the language “[$10,000,000

  • $100,000 + 250,000 + 175,000]. See §1.172(h)–2(b)(3) for rules” is corrected to read “[$10,000,000 + $100,000 + $250,000 + $175,000]. See §1.172(h)–2(b)(3) for rules”.
  1. On page 57473, column 1, under the same paragraph heading, line 22 of the second paragraph, the language “([$1,400
  • $1,000 + 1,200]/3). Because T is” is corrected to read “([$1,400 + $1,000 + $1,200]/3). Because T is”
  1. On page 57473, column 1, under the same paragraph heading, line 2 from the bottom of the second paragraph, the language “([$1,400 + $1,000 + 1,200 + $600
  • $200 +)” is corrected to read “([$1,400 + $1,000 + $1,200 + $600 + $200 +)”
  1. On page 57475, column 3, under the same paragraph heading, line 11 of the second full paragraph of the column, the language “172(h)(3)(C) §1.172(h)–1(c)(3) and (f), and” is corrected to read “172(h)(3)(C), §1.172(h)–1(c)(3) and (f), and”.

Guy Traynor, Federal Register Liaison, Publications and Regulations Branch,

Legal Processing Division,

Associate Chief Counsel (Procedure and Administration).

(Filed by the Office of the Federal Register on October 22, 2012, 8:45 a.m., and published in the issue of the Federal Register for October 23, 2012, 77 F.R. 64768)

Guidance Regarding Deduction and Capitalization of Expenditures Related to Tangible Property

Announcement 2013–7

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Technical amendments.

SUMMARY: This document contains amendments to temporary regulations (T.D. 9564, 2012–4 I.R.B. 614) relating to guidance regarding deduction and capitalization of expenditures related to tangible property. These amendments change the

applicability dates of the temporary regulations to taxable years beginning on or after January 1, 2014, while permitting taxpayers to choose to apply the temporary regulations for taxable years beginning on or after January 1, 2012. The amendments to the temporary regulations will affect all taxpayers that acquire, produce, or improve tangible property.

DATES: These amendments are effective December 17, 2012.

FOR FURTHER INFORMATION CONTACT: Concerning §§ 1.162–3T, 1.162–4T, 1.162–11T, 1.263(a)–1T, 1.263(a)–2T, 1.263(a)–3T, and 1.263(a)–6T, Merrill D. Feldstein or Alan S. Williams, Office of Associate Chief Counsel (Income Tax & Accounting), (202) 622–4950 (not a toll-free call); Concerning §§ 1.165–2T, 1.167(a)–4T, 1.167(a)–7T, 1.167(a)–8T, 1.168(i)–1T, 1.168(i)–7T, 1.168(i)–8T, 1.263A–1T, and 1.1016–3T, Kathleen Reed or Patrick Clinton, Office Associate Chief Counsel (Income Tax & Accounting), (202) 622–4930 (not a toll-free call).

SUPPLEMENTARY INFORMATION:

Background

The temporary regulations that are the subject of these amendments are under sections 162, 165, 167, 168, 263, 263A, and 1016 of the Internal Revenue Code. The temporary regulations (T.D. 9564) were published in the Federal Regis- ter on Tuesday, December 27, 2011 (76 FR 81060). Because the temporary regulations are applicable to taxable years beginning on or after January 1, 2012, the IRS and the Treasury Department are concerned that taxpayers are expending resources to comply with temporary regulations that may not be consistent with forthcoming final regulations. For more information about the temporary regulations and these amendments, see Notice 2012–73, 2012–51 I.R.B. 713. Taxpayers choosing to apply the provisions of the temporary regulations to taxable years beginning on or after January 1, 2012, may continue to rely on the procedures by which a taxpayer may obtain the automatic consent of the Commissioner of Internal Revenue to change its methods of accounting provided in Revenue

January 14, 2013 308 2013–3 I.R.B.

        • Par. 6. Section 1.167(a)–4T is amended by:
  1. Revising paragraph (b)(1).
  2. Revising the heading and introductory text to paragraph (b)(2).

The revisions read as follows:

§ 1.167(a)–4T Leased property (temporary) .

        • (b) - - (1) In general . Except as provided in paragraphs (b)(2) and (b)(3) of this section, this section applies to taxable years beginning on or after January 1, 2014.

(2) Application of this section to lease- hold improvements placed in service after December 31, 1986, in taxable years be- ginning before January 1, 2014 . For leasehold improvements placed in service after December 31, 1986, in taxable years beginning before January 1, 2014, a taxpayer may—

        • Par. 7. Section 1.167(a)–7T is amended by revising paragraph (f) to read as follows:

§ 1.167(a)–7T Accounting for depreciable property (temporary) .

        • (f) Effective/applicability date —(1) In general . This section applies to taxable years beginning on or after January 1,
  1. Section 1.167(a)–7 as contained in 26 CFR part 1 edition revised as of April 1, 2011, applies to taxable years beginning before January 1, 2014.

(2) Optional early application . A taxpayer may choose to apply this section to taxable years beginning on or after January 1, 2012.

        • Par. 8. Section 1.167(a)–8T is amended by revising paragraph (h) to read as follows:

§ 1.167(a)–8T Retirements (temporary) .

        • (h) Effective/applicability date —(1) In general . This section applies to taxable years beginning on or after January 1,
  1. Section 1.167(a)–8 as contained in

Procedures 2012–19, 2012–14 I.R.B. 689, and 2012–20, 2012–14 I.R.B. 700, both of which are available at IRS.gov.

Need for amendments

For the reasons discussed, the IRS and the Treasury Department have decided to amend the applicability dates of the temporary regulations.

- - - -

Amendments of publication

Accordingly, 26 CFR Part 1 is amended by making the following technical amendments.

PART 1—INCOME TAXES

Paragraph 1. The authority citation for part 1 continues to read as follows:

Authority: 26 U.S.C. 7805 * * * Section 1.168(i)–1T also issued under 26 U.S.C. 168(i)(4). - * * Par. 2. Section 1.162–3T is amended by revising paragraph (j) to read as follows:

§ 1.162–3T Materials and supplies (temporary)

        • (j) Effective/applicability date —(1) In general . This section generally applies to amounts paid or incurred (to acquire or produce property) in taxable years beginning on or after January 1, 2014. However, a taxpayer may apply paragraph (e) of this section (the optional method of accounting for rotable and temporary spare parts) to taxable years beginning on or after January 1, 2014. Section 1.162–3 as contained in 26 CFR part 1 edition revised as of April 1, 2011, applies to taxable years beginning before January 1, 2014.

(2) Optional early application . Except for paragraph (e) of this section, a taxpayer may choose to apply this section to amounts paid or incurred (to acquire or produce property) in taxable years beginning on or after January 1, 2012. A taxpayer may choose to apply paragraph (e) of this section (the optional method of accounting for rotable and temporary spare parts) to taxable years beginning on or after January 1, 2012.

Par. 3. Section 1.162–4T is amended by revising paragraph (c) to read as follows:

§ 1.162–4T Repairs (temporary) .

        • (c) Effective/applicability date —(1) In general . This section applies to taxable years beginning on or after January 1,
  1. Section 1.162–4 as contained in 26 CFR part 1 edition revised as of April 1, 2011, applies to taxable years beginning before January 1, 2014.

(2) Optional early application . A taxpayer may choose to apply this section to taxable years beginning on or after January 1, 2012.

        • Par. 4. Section 1.162–11T is amended by revising paragraph (c) to read as follows:

§ 1.162–11T Rentals (temporary) .

        • (c) Effective/applicability date —(1) In general . This section applies to taxable years beginning on or after January 1,
  1. Section 1.162–11 as contained in 26 CFR part 1 edition revised as of April 1, 2011, applies to taxable years beginning before January 1, 2014.

(2) Optional early application . A taxpayer may choose to apply this section to taxable years beginning on or after January 1, 2012.

        • Par. 5. Section 1.165–2T is amended by revising paragraph (d) to read as follows:

§ 1.165–2T Obsolescence of nondepreciable property (temporary) .

        • (d) Effective/applicability date —(1) In general . This section applies to taxable years beginning on or after January 1,
  1. Section 1.165–2 as contained in 26 CFR part 1 edition revised as of April 1, 2011, applies to taxable years beginning before January 1, 2014.

(2) Optional early application . A taxpayer may choose to apply this section to taxable years beginning on or after January 1, 2012.

2013–3 I.R.B. 309 January 14, 2013

§ 1.263(a)–2T Amounts paid to acquire or produce tangible property (temporary) .

        • (k)* - (1) In general. (2) Optional early application.

§ 1.263(a)–3T Amounts paid to improve tangible property (temporary) .

        • (p)* - (1) In general. (2) Optional early application.
        • Par. 13. Section 1.263(a)–1T is amended by revising paragraph (g) to read as follows:

§ 1.263(a)–1T Capital expenditures: in general (temporary) .

        • (g) Effective/applicability date —(1) In general . This section applies to taxable years beginning on or after January 1,
  1. Section 1.263(a)–1 as contained in 26 CFR part 1 edition revised as of April 1, 2011, applies to taxable years beginning before January 1, 2014.

(2) Optional early application . A taxpayer may choose to apply this section to taxable years beginning on or after January 1, 2012.

        • Par. 14. Section 1.263(a)–2T is amended by revising paragraph (k) to read as follows:

§ 1.263(a)–2T Amounts paid to acquire or produce tangible property (temporary) .

        • (k) Effective/applicability date —(1) In general . Except for paragraphs (f)(2)(iii), (f)(2)(iv), (f)(3)(ii), and (g) of this section, this section generally applies to taxable years beginning on or after January 1,
  1. Paragraphs (f)(2)(iii), (f)(2)(iv), (f)(3)(ii), and (g) of this section apply to amounts paid or incurred (to acquire or produce property) in taxable years beginning on or after January 1, 2014. Section 1.263(a)–2 as contained in 26 CFR part 1 edition revised as of April 1, 2011,

26 CFR part 1 edition revised as of April 1, 2011, applies to taxable years beginning before January 1, 2014.

(2) Optional early application . A taxpayer may choose to apply this section to taxable years beginning on or after January 1, 2012.

        • Par. 9. Section 1.168(i)–1T is amended by:

  1. Revising paragraph (m)(1).

  2. Redesignating paragraph (m)(3) as paragraph (m)(4).

  3. Redesignating paragraph (m)(2) as paragraph (m)(3) and adding new paragraph (m)(2).

  4. In redesignated paragraph (m)(3), last sentence, the language “paragraph (m)(2)” is removed and “paragraph (m)(3)” is added in its place.

The revision and addition read as follows:

§ 1.168(i)–1T General asset accounts (temporary) .

        • (m) * - (1) In general . This section applies to taxable years beginning on or after January 1, 2014. Section 1.168(i)–1 as contained in 26 CFR part 1 edition revised as of April 1, 2011, applies to taxable years beginning before January 1, 2014.

(2) Optional early application . A taxpayer may choose to apply this section to taxable years beginning on or after January 1, 2012.

        • Par. 10. Section 1.168(i)–7T is amended by:

  1. Revising paragraph (e)(1).

  2. Redesignating paragraph (e)(3) as paragraph (e)(4).

  3. Redesignating paragraph (e)(2) as paragraph (e)(3) and adding new paragraph (e)(2).

The revision and addition read as follows:

§ 1.168(i)–7T Accounting for MACRS property (temporary) .

        • (e) - - (1) In general . This section applies to taxable years beginning on or after January 1, 2014.

(2) Optional early application . A taxpayer may choose to apply this section to taxable years beginning on or after January 1, 2012.

        • Par. 11. Section 1.168(i)–8T is amended by:

  1. Revising paragraph (i)(1).

  2. Redesignating paragraph (i)(3) as paragraph (i)(4).

  3. Redesignating paragraph (i)(2) as paragraph (i)(3) and adding new paragraph (i)(2).

The revision and addition read as follows:

§ 1.168(i)–8T Dispositions of MACRS property (temporary) .

        • (i) - - (1) In general . This section applies to taxable years beginning on or after January 1, 2014.

(2) Optional early application . A taxpayer may choose to apply this section to taxable years beginning on or after January 1, 2012.

        • Par. 12. Section 1.263(a)–0T is amended by:

  1. Adding new entries in the table of contents for § 1.263(a)–1T(g)(1) and (g)(2).

  2. Adding new entries in the table of contents for § 1.263(a)–2T(k)(1) and (k)(2).

  3. Adding new entries in the table of contents for § 1.263(a)–3T(p)(1) and (p)(2).

The additions read as follows:

§ 1.263(a)–0T Table of Contents (temporary) .

§ 1.263(a)–1T Capital expenditures; in general (temporary) .

        • (g)* - (1) In general. (2) Optional early application.

January 14, 2013 310 2013–3 I.R.B.

§ 1.1016–3T Exhaustion, wear and tear, obsolescence, amortization, and depletion for periods since February 13, 1913 (temporary).

        • (j) - - (3) Application of § 1.1016–3T(a)(1)(ii) —(i) In general . Paragraph (a)(1)(ii) of this section applies to taxable years beginning on or after January 1, 2014. Section 1.1016–3(a)(1)(ii) as contained in 26 CFR part 1 edition revised as of April 1, 2011, applies to taxable years beginning before January 1, 2014.

(ii) Optional early application . A taxpayer may choose to apply paragraph (a)(1)(ii) of this section to taxable years beginning on or after January 1, 2012.

Guy R. Traynor, Federal Register Liaison, Publication & Regulation Branch,

Legal Processing Division,

Associate Chief Counsel Procedure & Administration.

(Filed by the Office of the Federal Register on December 14, 2012, 8:45 a.m., and published in the issue of the Federal Register for December 17, 2012, 77 F.R. 74583)

Announcement 2013–10

Because of recent changes made by the American Taxpayer Relief Act of 2012, the following update has been issued for Publication 1220, Specifications for Fil- ing Forms 1097, 1098, 1099, 3921, 3922, 5498, 8935, and W-2G Electronically, revised August 13, 2012.

Payer “A” Record — Record Layout Positions 28–43 for Form 1098-Mort- gage Interest Statement (pg 43) – Amount Code 4, Mortgage Insurance Premium has been reinstated.

applies to taxable years beginning before January 1, 2014.

(2) Optional early application . Except for paragraphs (f)(2)(iii), (f)(2)(iv), (f)(3)(ii), and (g) of this section, a taxpayer may choose to apply this section to taxable years beginning on or after January 1, 2012. A taxpayer may choose to apply paragraphs (f)(2)(iii), (f)(2)(iv), (f)(3)(ii), and (g) of this section to amounts paid or incurred (to acquire or produce property) in taxable years beginning on or after January 1, 2012.

        • Par. 15. Section 1.263(a)–3T is amended by revising paragraph (p) to read as follows:

§ 1.263(a)–3T Amounts paid to improve tangible property (temporary) .

        • (p) Effective/applicability date —(1) In general . This section applies to taxable years beginning on or after January 1,
  1. Section 1.263(a)–3 as contained in 26 CFR part 1 edition revised as of April 1, 2011, applies to taxable years beginning before January 1, 2014.

(2) Optional early application . A taxpayer may choose to apply this section to taxable years beginning on or after January 1, 2012.

        • Par. 16. Section 1.263(a)–6T is amended by revising paragraph (c) to read as follows:

§ 1.263(a)–6T Election to deduct or capitalize certain expenditures (temporary) .

        • (c) Effective/applicability date —(1) In general . This section applies to taxable years beginning on or after January 1,
  1. Section 1.263(a)–3 as contained

in 26 CFR part 1 edition revised as of April 1, 2011, applies to taxable years beginning before January 1, 2014. For the effective dates of the enumerated election provisions, see those Internal Revenue Code sections and the regulations thereunder.

(2) Optional early application . A taxpayer may choose to apply this section to taxable years beginning on or after January 1, 2012.

        • Par. 17. Section 1.263A–1T is amended by:
  1. Revising paragraph (m)(2).
  2. Redesignating paragraph (m)(3) as paragraph (n).

The revision reads as follows:

§ 1.263A–1T Uniform capitalization of costs (temporary) .

        • (m) - - (2) Paragraph (b)(14), the introductory phrase of paragraph (c)(4), the last sentence of paragraphs (e)(2)(i)(A) and (e)(2)(ii)(E), paragraph (l), and paragraph (m)(2) of this section apply to amounts paid or incurred (to acquire or produce property) in taxable years beginning on or after January 1, 2014. Section 1.263A–1 as contained in 26 CFR part 1 edition revised as of April 1, 2011, applies to taxable years beginning before January 1,
  1. A taxpayer may choose to apply paragraph (b)(14), the introductory text of paragraph (c)(4), the last sentence of paragraphs (e)(2)(i)(A) and (e)(2)(ii)(E), and paragraph (l) of this section to amounts paid or incurred (to acquire or produce property) in taxable years beginning on or after January 1, 2012.
        • Par. 18. Section 1.1016–3T is amended by revising paragraph (j)(3) to read as follows:

2013–3 I.R.B. 311 January 14, 2013

Field Position

Record Name: Payer “A” Record (continued)

Field Title Length Description and Remarks

28–43 Amount Codes 16

Amount Codes Form 1098 - Mortgage Interest Statement

Effect on Other Documents

Revenue Procedure 2012–30, 2012–33 I.R.B. 165, is updated.

For Reporting Payments on Form 1098:

Amount Code Amount Type

  1. Mortgage interest received from payer(s)/borrower(s)

  2. Points paid on the purchase of a principal residence

  3. Refund (or credit) of overpaid interest

4. Mortgage Insurance Premium

  1. Blank (Filer’s use)

January 14, 2013 312 2013–3 I.R.B.

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Internal Revenue Bulletin 2013-3

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