ADMINISTRATIVE

REG–102952–16, page 860. The proposed regulations implement Congress’s recent changes to the paid preparer due diligence statute, expanding the due diligence statute to include claims of the child tax credit, the additional child tax credit, and/or the American opportunity tax credit, and providing that the amount of the penalty will be adjusted for inflation.

Rev. Proc. 2016–58, page 839. The revenue procedure sets forth the loss payment patterns and discount factors for accident year 2016 for purposes of § 846 of the Internal Revenue Code.

Rev. Proc. 2016–59, page 849. This revenue procedure prescribes the salvage discount factors for the 2016 accident year. These factors must be used to compute discounted estimated salvage recoverable under § 832 of the Internal Revenue Code.

T.D. 9798, page 821. This document contains the amendments to the regulations that provide user fees for installment agreements. The amendments affect taxpayers who wish to pay their liabilities through installment agreements.

T.D. 9799, page 827. The final and temporary regulations implement Congress’s recent changes to the paid preparer due diligence statute, expanding the due diligence statute to include claims of the child tax credit, the additional child tax credit, and/or the American opportunity tax credit, and providing that the amount of the penalty will be adjusted for inflation.