Abbreviations — Internal Revenue Bulletin 2016-40

The following abbreviations in current use and formerly used will appear in ma- terial published in the Bulletin.

A —Individual. Acq. —Acquiescence. B —Individual. BE —Beneficiary. BK —Bank. B.T.A. —Board of Tax Appeals. C —Individual. C.B. —Cumulative Bulletin. CFR —Code of Federal Regulations. CI —City. COOP —Cooperative. Ct.D. —Court Decision. CY —County. D —Decedent. DC —Dummy Corporation. DE —Donee. Del. Order —Delegation Order. DISC —Domestic International Sales Corporation. DR —Donor. E —Estate. EE —Employee. E.O. —Executive Order. ER —Employer.

and B, the prior ruling is modified because it corrects a published position. (Compare with amplified and clarified, above).

Obsoleted describes a previously published ruling that is not considered determinative with respect to future transactions. This term is most commonly used in a ruling that lists previously published rulings that are obsoleted because of changes in laws or regulations. A ruling may also be obsoleted because the substance has been included in regulations subsequently adopted.

Revoked describes situations where the position in the previously published ruling is not correct and the correct position is being stated in a new ruling.

Superseded describes a situation where the new ruling does nothing more than restate the substance and situation of a previously published ruling (or rulings). Thus, the term is used to republish under the 1986 Code and regulations the same position published under the 1939 Code and regulations. The term is also used when it is desired to republish in a single ruling a series of situations, names, etc., that were previously published over a period of time in separate rulings. If the new ruling does more than restate the sub

ERISA —Employee Retirement Income Security Act. EX —Executor. F —Fiduciary. FC —Foreign Country. FICA —Federal Insurance Contributions Act. FISC —Foreign International Sales Company. FPH —Foreign Personal Holding Company. F.R. —Federal Register. FUTA —Federal Unemployment Tax Act. FX —Foreign corporation. G.C.M. —Chief Counsel’s Memorandum. GE —Grantee. GP —General Partner. GR —Grantor. IC —Insurance Company. I.R.B. —Internal Revenue Bulletin. LE —Lessee. LP —Limited Partner. LR —Lessor. M —Minor. Nonacq. —Nonacquiescence. O —Organization. P —Parent Corporation. PHC —Personal Holding Company. PO —Possession of the U.S. PR —Partner. PRS —Partnership.

stance of a prior ruling, a combination of terms is used. For example, modified and superseded describes a situation where the substance of a previously published ruling is being changed in part and is continued without change in part and it is desired to restate the valid portion of the previously published ruling in a new ruling that is self contained. In this case, the previously published ruling is first modified and then, as modified, is superseded.

Supplemented is used in situations in which a list, such as a list of the names of countries, is published in a ruling and that list is expanded by adding further names in subsequent rulings. After the original ruling has been supplemented several times, a new ruling may be published that includes the list in the original ruling and the additions, and supersedes all prior rulings in the series.

Suspended is used in rare situations to show that the previous published rulings will not be applied pending some future action such as the issuance of new or amended regulations, the outcome of cases in litigation, or the outcome of a Service study.

PTE —Prohibited Transaction Exemption. Pub. L. —Public Law. REIT —Real Estate Investment Trust. Rev. Proc. —Revenue Procedure. Rev. Rul. —Revenue Ruling. S —Subsidiary. S.P.R. —Statement of Procedural Rules. Stat. —Statutes at Large. T —Target Corporation. T.C. —Tax Court. T.D. —Treasury Decision. TFE —Transferee. TFR —Transferor. T.I.R. —Technical Information Release. TP —Taxpayer. TR —Trust. TT —Trustee. U.S.C. —United States Code. X —Corporation. Y —Corporation. Z —Corporation.

Bulletin No. 2016–40 i October 3, 2016

Numerical Finding List ¹

Bulletin 2016–27 through 2016–40

Action on Decision:

2016-01, 2016-16 I.R.B. 580 2016-02, 2016-31 I.R.B. 193 2016-03, 2016-40 I.R.B. 424

Announcements:

2016-21, 2016-27 I.R.B. 8 2016-23, 2016-27 I.R.B. 10 2016-24, 2016-30 I.R.B. 170 2016-25, 2016-31 I.R.B. 205 2016-26, 2016-38 I.R.B. 389 2016-27, 2016-33 I.R.B. 238 2016-28, 2016-34 I.R.B. 272 2016-29, 2016-34 I.R.B. 272 2016-30, 2016-37 I.R.B. 355 2016-31, 2016-38 I.R.B. 392 2016-32, 2016-40 I.R.B. 434 2016-33, 2016-39 I.R.B. 422 2016-34, 2016-39 I.R.B. 422 2016-35, 2016-39 I.R.B. 423 2016-36, 2016-39 I.R.B. 423 2016-37, 2016-39 I.R.B. 423

Notices:

2016-40, 2016-27 I.R.B. 4 2016-41, 2016-27 I.R.B. 5 2016-42, 2016-29 I.R.B. 67 2016-43, 2016-29 I.R.B. 132 2016-44, 2016-29 I.R.B. 132 2016-45, 2016-29 I.R.B. 135 2016-47, 2016-35 I.R.B. 276 2016-46, 2016-31 I.R.B. 202 2016-48, 2016-33 I.R.B. 235 2016-49, 2016-34 I.R.B. 265 2016-50, 2016-38 I.R.B. 384 2016-51, 2016-37 I.R.B. 344 2016-52, 2016-40 I.R.B. 425 2016-53, 2016-39 I.R.B. 421 2016-54, 2016-40 I.R.B. 429 2016-55, 2016-40 I.R.B. 432 2016-57, 2016-40 I.R.B. 432

Proposed Regulations:

REG-163113-02, 2016-36 I.R.B. 329 REG-147196-07, 2016-29 I.R.B. 32 REG-123854-12, 2016-28 I.R.B. 15 REG-131418-14, 2016-33 I.R.B. 248 REG-102516-15, 2016-32 I.R.B. 231 REG-109086-15, 2016-30 I.R.B. 171 REG-134016-15, 2016-31 I.R.B. 205 REG-101689-16, 2016-30 I.R.B. 170 REG-103058-16, 2016-33 I.R.B. 238

Proposed Regulations:—Continued

REG-105005-16, 2016-38 I.R.B. 380 REG-108792-16, 2016-36 I.R.B. 320

Revenue Procedures:

2016-37, 2016-29 I.R.B. 136 2016-39, 2016-30 I.R.B. 164 2016-40, 2016-32 I.R.B. 228 2016-41, 2016-30 I.R.B. 165 2016-42, 2016-34 I.R.B. 269 2016-43, 2016-36 I.R.B. 316 2016-44, 2016-36 I.R.B. 316 2016-45, 2016-37 I.R.B. 344 2016-46, 2016-37 I.R.B. 345 2016-47, 2016-37 I.R.B. 346 2016-48, 2016-37 I.R.B. 348

Revenue Rulings:

2016-17, 2016-27 I.R.B. 1 2016-18, 2016-31 I.R.B. 194 2016-19, 2016-35 I.R.B. 273 2016-20, 2016-36 I.R.B. 279 2016-23, 2016-39 I.R.B. 382 2016-24, 2016-39 I.R.B. 395

Treasury Decisions:

9773, 2016-29 I.R.B. 56 9774, 2016-30 I.R.B. 151 9775, 2016-30 I.R.B. 159 9776, 2016-32 I.R.B. 222 9777, 2016-36 I.R.B. 282 9778, 2016-31 I.R.B. 196 9779, 2016-33 I.R.B. 233 9781, 2016-35 I.R.B. 274 9782, 2016-36 I.R.B. 301 9783, 2016-39 I.R.B. 396 9784, 2016-39 I.R.B. 402 9785, 2016-38 I.R.B. 375

1A cumulative list of all revenue rulings, revenue procedures, Treasury decisions, etc., published in Internal Revenue Bulletins 2016–01 through 2016–26 is in Internal Revenue Bulletin 2016–26, dated June 27, 2016.

October 3, 2016 ii Bulletin No. 2016–40

Finding List of Current Actions on Previously Published Items ¹

Bulletin 2016–27 through 2016–40

Notices:

2009-89 Modified by Notice 2016-51, 2016-37 I.R.B. 344

2012-54 Obsoleted by Notice 2016-51, 2016-37 I.R.B. 344

2013-1 Modified by Notice 2016-41, 2016-27 I.R.B. 5

2013-1 Superseded by Notice 2016-41, 2016-27 I.R.B. 5

2013-67 Modified by Notice 2016-51, 2016-37 I.R.B. 344

Revenue Procedures:

2003-16 Modified by Rev. Proc. 2016-47, 2016-37 I.R.B. 346

2007-44 Clarified by Rev. Proc. 2016-37, 2016-29 I.R.B. 136

2007-44 Modified by Rev. Proc. 2016-37, 2016-29 I.R.B. 136

2007-44 Superseded by Rev. Proc. 2016-37, 2016-29 I.R.B. 136

2009-33 Modified by Rev. Proc. 2016-48, 2016-37 I.R.B. 348

2015-36 Modified by Rev. Proc. 2016-37, 2016-29 I.R.B. 136

2016-3 Modified by Rev. Proc. 2016-40, 2016-32 I.R.B. 228

2016-3 Modified by Rev. Proc. 2016-45, 2016-37 I.R.B. 228

Revenue Procedures:—Continued

2016-29 Modified by Rev. Proc. 2016-39, 2016-30 I.R.B. 164

Treasury Decisions:

2013-17 Obsoleted by T.D. 9785 2016-38 I.R.B. 375

2014-12 Modified by T.D. 9776 2016-32 I.R.B. 222

Bulletin No. 2016–40 iii October 3, 2016