Internal Revenue Bulletin 2017-49

Official source: Internal Revenue Bulletin (https://www.irs.gov/pub/irs-irbs/irb17-49.pdf), retrieved 2026-10-03. U.S. Government work (17 U.S.C. § 105).

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These synopses are intended only as aids to the reader in identifying the subject matter covered. They may not be relied upon as authoritative interpretations.

Rev. Rul. 2017–23, page 546. Section 995(f) of the Internal Revenue Code requires the IRS to annually publish a “base period T-bill rate” with which a shareholder of an interest charge domestic international sales corporation (IC-DISC) calculates the interest due on their IC-DISCrelated deferred tax liability for the year. Revenue Ruling 2017–23 sets forth the base period T-bill rate as determined by the Office of Debt Management within the Treasury Department for the period ending September 30, 2017, and provides a table of factors compounded daily for taxpayers with short or alternative taxable years.

Rev. Rul. 2017–24, page 556. Federal rates; adjusted federal rates; adjusted federal longterm rate and the long-term exempt rate. For purposes of sections 382, 1274, 1288, and other sections of the Code, tables set forth the rates for December 2017. Table 6, however, contains the 2018 interest rate for purposes of sections 846 and 807.

Finding Lists begin on page ii.

Provide America’s taxpayers top-quality service by helping them understand and meet their tax responsibilities and enforce the law with integrity and fairness to all.

The Internal Revenue Bulletin is the authoritative instrument of the Commissioner of Internal Revenue for announcing official rulings and procedures of the Internal Revenue Service and for publishing Treasury Decisions, Executive Orders, Tax Conventions, legislation, court decisions, and other items of general interest. It is published weekly.

It is the policy of the Service to publish in the Bulletin all substantive rulings necessary to promote a uniform application of the tax laws, including all rulings that supersede, revoke, modify, or amend any of those previously published in the Bulletin. All published rulings apply retroactively unless otherwise indicated. Procedures relating solely to matters of internal management are not published; however, statements of internal practices and procedures that affect the rights and duties of taxpayers are published.

Revenue rulings represent the conclusions of the Service on the application of the law to the pivotal facts stated in the revenue ruling. In those based on positions taken in rulings to taxpayers or technical advice to Service field offices, identifying details and information of a confidential nature are deleted to prevent unwarranted invasions of privacy and to comply with statutory requirements.

Rulings and procedures reported in the Bulletin do not have the force and effect of Treasury Department Regulations, but they may be used as precedents. Unpublished rulings will not be relied on, used, or cited as precedents by Service personnel in the disposition of other cases. In applying published rulings and procedures, the effect of subsequent legislation, regulations, court decisions, rulings, and procedures must be considered, and Service personnel and others concerned are cautioned

against reaching the same conclusions in other cases unless the facts and circumstances are substantially the same.

The Bulletin is divided into four parts as follows:

Part I.—1986 Code. This part includes rulings and decisions based on provisions of the Internal Revenue Code of 1986.

Part II.—Treaties and Tax Legislation. This part is divided into two subparts as follows: Subpart A, Tax Conventions and Other Related Items, and Subpart B, Legislation and Related Committee Reports.

Part III.—Administrative, Procedural, and Miscellaneous. To the extent practicable, pertinent cross references to these subjects are contained in the other Parts and Subparts. Also included in this part are Bank Secrecy Act Administrative Rulings. Bank Secrecy Act Administrative Rulings are issued by the Department of the Treasury’s Office of the Assistant Secretary (Enforcement).

Part IV.—Items of General Interest. This part includes notices of proposed rulemakings, disbarment and suspension lists, and announcements.

The last Bulletin for each month includes a cumulative index for the matters published during the preceding months. These monthly indexes are cumulated on a semiannual basis, and are published in the last Bulletin of each semiannual period.

The contents of this publication are not copyrighted and may be reprinted freely. A citation of the Internal Revenue Bulletin as the source would be appropriate.

December 4, 2017 Bulletin No. 2017–49

Section 995—Taxation of DISC Income to Share- holders 2017 Base Period T-Bill Rate. The “base period T-bill rate” for the period ending September 30, 2017, is published as required by section 995(f) of the Internal Revenue Code.

Rev. Rul. 2017–23

Section 995(f)(1) of the Internal Revenue Code provides that a shareholder of a domestic international sales corporation (“DISC”) shall pay interest each taxable year in an amount equal to the product of the “shareholder’s DISC-related deferred tax liability” for the year (as defined in section 995(f)(2)) and the “base period T-bill rate.” Under section 995(f)(4), the base period T-bill rate is the annual rate of interest determined by the Secretary to be equivalent to the average of the 1-year constant maturity Treasury yields, as published by the Board of Governors of the Federal Reserve System, for the 1-year period ending on September 30 of the

calendar year ending with (or the most recent calendar year ending before) the close of the taxable year of the shareholder.

The base period T-bill rate for the period ending September 30, 2017, is 1.01 percent.

Pursuant to section 6622 of the Internal Revenue Code, interest must be compounded daily. The table below provides factors for compounding the 2017 base period T-bill rate daily for any number of days in the shareholder’s taxable year (including for a 52–53 week accounting period). To compute the amount of the interest charge for the shareholder’s taxable year, multiply the amount of the shareholder’s DISCrelated deferred tax liability for that year by the base period T-bill rate factor corresponding to the number of days in the shareholder’s taxable year for which the interest charge is being computed. Generally, one would use the factor for

ANNUAL RATE, COMPOUNDED DAILY

365 days. One would use a different factor only if the shareholder’s taxable year for which the interest charge is being determined is a short taxable year, if the shareholder uses a 52–53 week taxable year, or if the shareholder’s taxable year is a leap year.

For the base period T-bill rates for periods ending in prior years, see Rev. Rul. 2017–01, 2017–03 IRB 377; Rev. Rul. 2015–26, 2015–49 IRB 696; Rev. Rul. 2014–33, 2014–52 IRB 957; Rev. Rul. 2013–24, 2013–49 IRB 594; and Rev. Rul. 2012–22, 2012–48 IRB 565.

DRAFTING INFORMATION

The principal author of this revenue ruling is L. Ulysses Chatman of the Office of Associate Chief Counsel (International). For further information regarding the revenue ruling, contact Mr. Chatman at (202) 317-6939 (not a toll-free number).

1.01 PERCENT DAYS FACTOR

1 0.000027671

2 0.000055343

3 0.000083016

4 0.000110690

5 0.000138364

6 0.000166039

7 0.000193715

8 0.000221391

9 0.000249069

10 0.000276747

11 0.000304426

12 0.000332105

13 0.000359786

14 0.000387467

15 0.000415149

16 0.000442832

17 0.000470515

18 0.000498199

December 4, 2017 546 Bulletin No. 2017–49

ANNUAL RATE, COMPOUNDED DAILY

1.01 PERCENT DAYS FACTOR

19 0.000525884

20 0.000553570

21 0.000581257

22 0.000608944

23 0.000636632

24 0.000664321

25 0.000692011

26 0.000719701

27 0.000747392

28 0.000775084

29 0.000802777

30 0.000830470

31 0.000858164

32 0.000885859

33 0.000913555

34 0.000941252

35 0.000968949

36 0.000996647

37 0.001024346

38 0.001052045

39 0.001079746

40 0.001107447

41 0.001135149

42 0.001162851

43 0.001190555

44 0.001218259

45 0.001245964

46 0.001273670

47 0.001301376

48 0.001329083

49 0.001356791

50 0.001384500

51 0.001412210

52 0.001439920

53 0.001467631

54 0.001495343

55 0.001523055

Bulletin No. 2017–49 547 December 4, 2017

ANNUAL RATE, COMPOUNDED DAILY

1.01 PERCENT DAYS FACTOR

56 0.001550769

57 0.001578483

58 0.001606198

59 0.001633914

60 0.001661630

61 0.001689347

62 0.001717065

63 0.001744784

64 0.001772503

65 0.001800224

66 0.001827945

67 0.001855667

68 0.001883389

69 0.001911113

70 0.001938837

71 0.001966562

72 0.001994287

73 0.002022014

74 0.002049741

75 0.002077469

76 0.002105197

77 0.002132927

78 0.002160657

79 0.002188388

80 0.002216120

81 0.002243853

82 0.002271586

83 0.002299320

84 0.002327055

85 0.002354790

86 0.002382527

87 0.002410264

88 0.002438002

89 0.002465741

90 0.002493480

91 0.002521220

92 0.002548961

93 0.002576703

December 4, 2017 548 Bulletin No. 2017–49

ANNUAL RATE, COMPOUNDED DAILY

1.01 PERCENT DAYS FACTOR

94 0.002604446

95 0.002632189

96 0.002659933

97 0.002687678

98 0.002715423

99 0.002743170

100 0.002770917

101 0.002798665

102 0.002826413

103 0.002854163

104 0.002881913

105 0.002909664

106 0.002937416

107 0.002965168

108 0.002992922

109 0.003020676

110 0.003048431

111 0.003076186

112 0.003103942

113 0.003131700

114 0.003159458

115 0.003187216

116 0.003214976

117 0.003242736

118 0.003270497

119 0.003298258

120 0.003326021

121 0.003353784

122 0.003381548

123 0.003409313

124 0.003437079

125 0.003464845

126 0.003492612

127 0.003520380

128 0.003548149

129 0.003575918

130 0.003603688

Bulletin No. 2017–49 549 December 4, 2017

ANNUAL RATE, COMPOUNDED DAILY

1.01 PERCENT DAYS FACTOR

131 0.003631459

132 0.003659231

133 0.003687003

134 0.003714777

135 0.003742551

136 0.003770325

137 0.003798101

138 0.003825877

139 0.003853654

140 0.003881432

141 0.003909211

142 0.003936990

143 0.003964771

144 0.003992551

145 0.004020333

146 0.004048116

147 0.004075899

148 0.004103683

149 0.004131468

150 0.004159253

151 0.004187040

152 0.004214827

153 0.004242615

154 0.004270403

155 0.004298193

156 0.004325983

157 0.004353774

158 0.004381565

159 0.004409358

160 0.004437151

161 0.004464945

162 0.004492740

163 0.004520535

164 0.004548332

165 0.004576129

166 0.004603927

167 0.004631725

168 0.004659525

December 4, 2017 550 Bulletin No. 2017–49

ANNUAL RATE, COMPOUNDED DAILY

1.01 PERCENT DAYS FACTOR

169 0.004687325

170 0.004715126

171 0.004742928

172 0.004770730

173 0.004798533

174 0.004826337

175 0.004854142

176 0.004881948

177 0.004909754

178 0.004937561

179 0.004965369

180 0.004993178

181 0.005020987

182 0.005048797

183 0.005076608

184 0.005104420

185 0.005132232

186 0.005160046

187 0.005187860

188 0.005215674

189 0.005243490

190 0.005271306

191 0.005299123

192 0.005326941

193 0.005354760

194 0.005382579

195 0.005410399

196 0.005438220

197 0.005466042

198 0.005493865

199 0.005521688

200 0.005549512

201 0.005577337

202 0.005605162

203 0.005632989

204 0.005660816

205 0.005688643

Bulletin No. 2017–49 551 December 4, 2017

ANNUAL RATE, COMPOUNDED DAILY

1.01 PERCENT DAYS FACTOR

206 0.005716472

207 0.005744302

208 0.005772132

209 0.005799963

210 0.005827794

211 0.005855627

212 0.005883460

213 0.005911294

214 0.005939129

215 0.005966965

216 0.005994801

217 0.006022638

218 0.006050476

219 0.006078315

220 0.006106154

221 0.006133994

222 0.006161835

223 0.006189677

224 0.006217519

225 0.006245363

226 0.006273207

227 0.006301052

228 0.006328897

229 0.006356744

230 0.006384591

231 0.006412439

232 0.006440287

233 0.006468137

234 0.006495987

235 0.006523838

236 0.006551690

237 0.006579542

238 0.006607395

239 0.006635250

240 0.006663104

241 0.006690960

242 0.006718816

243 0.006746674

December 4, 2017 552 Bulletin No. 2017–49

ANNUAL RATE, COMPOUNDED DAILY

1.01 PERCENT DAYS FACTOR

244 0.006774531

245 0.006802390

246 0.006830250

247 0.006858110

248 0.006885971

249 0.006913833

250 0.006941695

251 0.006969558

252 0.006997423

253 0.007025287

254 0.007053153

255 0.007081019

256 0.007108887

257 0.007136755

258 0.007164623

259 0.007192493

260 0.007220363

261 0.007248234

262 0.007276106

263 0.007303978

264 0.007331852

265 0.007359726

266 0.007387601

267 0.007415476

268 0.007443353

269 0.007471230

270 0.007499108

271 0.007526987

272 0.007554866

273 0.007582747

274 0.007610628

275 0.007638509

276 0.007666392

277 0.007694275

278 0.007722160

279 0.007750044

280 0.007777930

281 0.007805817

Bulletin No. 2017–49 553 December 4, 2017

ANNUAL RATE, COMPOUNDED DAILY

1.01 PERCENT DAYS FACTOR

282 0.007833704

283 0.007861592

284 0.007889481

285 0.007917370

286 0.007945260

287 0.007973152

288 0.008001043

289 0.008028936

290 0.008056829

291 0.008084724

292 0.008112619

293 0.008140514

294 0.008168411

295 0.008196308

296 0.008224206

297 0.008252105

298 0.008280004

299 0.008307905

300 0.008335806

301 0.008363708

302 0.008391611

303 0.008419514

304 0.008447418

305 0.008475323

306 0.008503229

307 0.008531135

308 0.008559043

309 0.008586951

310 0.008614860

311 0.008642769

312 0.008670680

313 0.008698591

314 0.008726503

315 0.008754415

316 0.008782329

317 0.008810243

318 0.008838158

319 0.008866074

December 4, 2017 554 Bulletin No. 2017–49

ANNUAL RATE, COMPOUNDED DAILY

1.01 PERCENT DAYS FACTOR

320 0.008893991

321 0.008921908

322 0.008949826

323 0.008977745

324 0.009005665

325 0.009033585

326 0.009061506

327 0.009089428

328 0.009117351

329 0.009145274

330 0.009173199

331 0.009201124

332 0.009229050

333 0.009256976

334 0.009284904

335 0.009312832

336 0.009340761

337 0.009368690

338 0.009396621

339 0.009424552

340 0.009452484

341 0.009480417

342 0.009508351

343 0.009536285

344 0.009564220

345 0.009592156

346 0.009620093

347 0.009648030

348 0.009675968

349 0.009703907

350 0.009731847

351 0.009759787

352 0.009787729

353 0.009815671

354 0.009843614

355 0.009871557

356 0.009899502

357 0.009927447

358 0.009955393

359 0.009983339

Bulletin No. 2017–49 555 December 4, 2017

ANNUAL RATE, COMPOUNDED DAILY

1.01 PERCENT DAYS FACTOR

360 0.010011287

361 0.010039235

362 0.010067184

363 0.010095134

364 0.010123085

365 0.010151036

366 0.010178988

367 0.010206941

368 0.010234895

369 0.010262849

370 0.010290804

371 0.010318760

Section 1274.—Determination of Issue Price in the Case of Certain Debt Instruments Issued for Prop- erty (Also Sections 42, 280G, 382, 467, 468, 482, 483, 807, 846, 1288, 7520.)

Rev. Rul. 2017–24

This revenue ruling provides various prescribed rates for federal income tax purposes for December 2017 (the current month). Table 1 contains the short-term, mid-term, and long-term applicable federal rates (AFR) for the current month for pur

poses of section 1274(d) of the Internal Revenue Code. Table 2 contains the short-term, mid-term, and long-term adjusted applicable federal rates (adjusted AFR) for the current month for purposes of section 1288(b). Table 3 sets forth the adjusted federal longterm rate and the long-term tax-exempt rate described in section 382(f). Table 4 contains the appropriate percentages for determining the low-income housing credit described in section 42(b)(1) for buildings placed in service during the current month. However,

under section 42(b)(2), the applicable percentage for non-federally subsidized new buildings placed in service after July 30, 2008, shall not be less than 9%. Table 5 contains the federal rate for determining the present value of an annuity, an interest for life or for a term of years, or a remainder or a reversionary interest for purposes of section 7520. Finally, Table 6 contains the 2018 interest rate for purposes of sections 846 and 807.

REV. RUL. 2017–24 TABLE 1 Applicable Federal Rates (AFR) for December 2017

Period for Compounding Annual Semiannual Quarterly Monthly

Short-term

AFR 1.52% 1.51% 1.51% 1.51%

110% AFR 1.67% 1.66% 1.66% 1.65%

120% AFR 1.82% 1.81% 1.81% 1.80%

130% AFR 1.97% 1.96% 1.96% 1.95%

Mid-term

AFR 2.11% 2.10% 2.09% 2.09%

110% AFR 2.32% 2.31% 2.30% 2.30%

120% AFR 2.54% 2.52% 2.51% 2.51%

130% AFR 2.75% 2.73% 2.72% 2.71%

150% AFR 3.17% 3.15% 3.14% 3.13%

175% AFR 3.71% 3.68% 3.66% 3.65%

Long-term

AFR 2.64% 2.62% 2.61% 2.61%

110% AFR 2.90% 2.88% 2.87% 2.86%

December 4, 2017 556 Bulletin No. 2017–49

REV. RUL. 2017–24 TABLE 1 Applicable Federal Rates (AFR) for December 2017

Period for Compounding Annual Semiannual Quarterly Monthly

120% AFR 3.16% 3.14% 3.13% 3.12%

130% AFR 3.44% 3.41% 3.40% 3.39%

REV. RUL. 2017–24 TABLE 2 Adjusted AFR for December 2017

Period for Compounding

Annual Semiannual Quarterly Monthly

Short-term adjusted AFR 1.12% 1.12% 1.12% 1.12%

Mid-term adjusted AFR 1.57% 1.56% 1.56% 1.55%

Long-term adjusted AFR 1.96% 1.95% 1.95% 1.94%

REV. RUL. 2017–24 TABLE 3

Rates Under Section 382 for December 2017

Adjusted federal long-term rate for the current month 1.96%

Long-term tax-exempt rate for ownership changes during the current month (the highest of the adjusted federal 1.96% long-term rates for the current month and the prior two months.)

REV. RUL. 2017–24 TABLE 4

Appropriate Percentages Under Section 42(b)(1) for December 2017

Note: Under section 42(b)(2), the applicable percentage for non-federally subsidized new buildings placed in service after

July 30, 2008, shall not be less than 9%.

Appropriate percentage for the 70% present value low-income housing credit 7.55%

Appropriate percentage for the 30% present value low-income housing credit 3.23%

REV. RUL. 2017–24 TABLE 5

Rate Under Section 7520 for December 2017

Applicable federal rate for determining the present value of an annuity, an interest for life or a term of years, or a remainder or reversionary interest

2.6%

REV. RUL. 2017–24 TABLE 6

Rates Under Sections 846 and 807

Applicable rate of interest for 2018 for purposes of sections 846 and 807 1.66%

Bulletin No. 2017–49 557 December 4, 2017

Section 42.—Low-Income Housing Credit

The applicable federal short-term, mid-term, and long-term rates are set forth for the month of December 2017. See Rev. Rul. 2017–24, page 556.

Section 280G.—Golden Parachute Payments

The applicable federal short-term, mid-term, and long-term rates are set forth for the month of December 2017. See Rev. Rul. 2017–24, page 556.

Section 382.—Limitation on Net Operating Loss Carryforwards and Certain Built-In Losses Following Ownership Change

The adjusted applicable federal long-term rate is set forth for the month of December 2017. See Rev. Rul. 2017–24, page 556.

Section 467.—Certain Payments for the Use of Property or Services

The applicable federal short-term, mid-term, and long-term rates are set forth for the month of De

cember 2017. See Rev. Rul. 2017–24, page 556.

Section 468.—Special Rules for Mining and Solid Waste Reclamation and Closing Costs

The applicable federal short-term, mid-term, and long-term rates are set forth for the month of December 2017. See Rev. Rul. 2017–24, page 556.

Section 482.—Allocation of Income and Deductions Among Taxpayers

The applicable federal short-term, mid-term, and long-term rates are set forth for the month of December 2017. See Rev. Rul. 2017–24, page 556.

Section 483.—Interest on Certain Deferred Payments

The applicable federal short-term, mid-term, and long-term rates are set forth for the month of December 2017. See Rev. Rul. 2017–24, page 556.

Section 807.—Rules for Certain Reserves

Applicable rate of interest for 2018 for purposes of sections 846 and 807 See Rev. Rul. 2017–24, page 556.

Section 846.—Discounted Unpaid Losses Defined

Applicable rate of interest for 2018 for purposes of sections 846 and 807. See Rev. Rul. 2017–24, page 556.

Section 1288.—Treatment of Original Issue Discount on Tax-Exempt Obligations

The adjusted applicable federal short-term, midterm, and long-term rates are set forth for the month of December 2017. See Rev. Rul. 2017–24, page 556.

Section 7520.—Valuation Tables

The applicable federal short-term, mid-term, and long-term rates are set forth for the month of December 2017. See Rev. Rul. 2017–24, page 556.

December 4, 2017 558 Bulletin No. 2017–49

Revenue rulings and revenue procedures (hereinafter referred to as “rulings”) that have an effect on previous rulings use the following defined terms to describe the effect:

Amplified describes a situation where no change is being made in a prior published position, but the prior position is being extended to apply to a variation of the fact situation set forth therein. Thus, if an earlier ruling held that a principle applied to A, and the new ruling holds that the same principle also applies to B, the earlier ruling is amplified. (Compare with modified, below).

Clarified is used in those instances where the language in a prior ruling is being made clear because the language has caused, or may cause, some confusion. It is not used where a position in a prior ruling is being changed.

Distinguished describes a situation where a ruling mentions a previously published ruling and points out an essential difference between them.

Modified is used where the substance of a previously published position is being changed. Thus, if a prior ruling held that a principle applied to A but not to B, and the new ruling holds that it applies to both A

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. 2017–49 i December 4, 2017

Numerical Finding List ¹

Bulletin 2017–27 through 2017–49

Action on Decision:

2017-5, 2017-27 I.R.B. 1 2017-6, 2017-33 I.R.B. 194 2017-7, 2017-42 I.R.B. 311

Announcements:

2017-05, 2017-27 I.R.B. 5 2017-08, 2017-28 I.R.B. 9 2017-09, 2017-35 I.R.B. 219 2017-10, 2017-33 I.R.B. 210 2017-11, 2017-39 I.R.B. 255 2017-12, 2017-38 I.R.B. 238 2017-13, 2017-40 I.R.B. 271 2017-15, 2017-47 I.R.B. 534 2017-17, 2017-46 I.R.B. 515 2017-18, 2017-48 I.R.B. 545

Notices:

2017-36, 2017-33 I.R.B. 208 2017-37, 2017-29 I.R.B. 89 2017-38, 2017-30 I.R.B. 147 2017-39, 2017-31 I.R.B. 150 2017-40, 2017-32 I.R.B. 190 2017-41, 2017-34 I.R.B. 211 2017-42, 2017-34 I.R.B. 212 2017-43, 2017-36 I.R.B. 224 2017-44, 2017-36 I.R.B. 226 2017-45, 2017-38 I.R.B. 232 2017-46, 2017-41 I.R.B. 275 2017-47, 2017-38 I.R.B. 232 2017-48, 2017-39 I.R.B. 254 2017-49, 2017-40 I.R.B. 258 2017-50, 2017-41 I.R.B. 280 2017-51, 2017-40 I.R.B. 260 2017-52, 2017-40 I.R.B. 262 2017-53, 2017-42 I.R.B. 318 2017-54, 2017-42 I.R.B. 321 2017-55, 2017-42 I.R.B. 324 2017-56, 2017-43 I.R.B. 365 2017-57, 2017-42 I.R.B. 324 2017-58, 2017-42 I.R.B. 326 2017-59, 2017-45 I.R.B. 484 2017-60, 2017-43 I.R.B. 365 2017-61, 2017-43 I.R.B. 371 2017-62, 2017-44 I.R.B. 460 2017-63, 2017-44 I.R.B. 460 2017-64, 2017-45 I.R.B. 486 2017-67, 2017-47 I.R.B. 517 2017-68, 2017-46 I.R.B. 513 2017-69, 2017-48 I.R.B. 540 2017-70, 2017-48 I.R.B. 543

Proposed Regulations:

REG-128841-07, 2017-42 I.R.B. 327 REG-139633-08, 2017-31 I.R.B. 175 REG-128483-15, 2017-32 I.R.B. 191 REG-136118-15, 2017-28 I.R.B. 9 REG-105004-16, 2017-41 I.R.B. 295 REG-125374-16, 2017-41 I.R.B. 300 REG-115615-17, 2017-44 I.R.B. 463 REG-116256-17, 2017-46 I.R.B. 514 REG-129631-17, 2017-44 I.R.B. 464

Revenue Procedures:

2017-41, 2017-29 I.R.B. 92 2017-42, 2017-29 I.R.B. 124 2017-43, 2017-31 I.R.B. 153 2017-44, 2017-35 I.R.B. 216 2017-45, 2017-35 I.R.B. 216 2017-46, 2017-43 I.R.B. 372 2017-47, 2017-38 I.R.B. 233 2017-48, 2017-36 I.R.B. 229 2017-50, 2017-37 I.R.B. 230 2017-52, 2017-41 I.R.B. 283 2017-53, 2017-40 I.R.B. 263 2017-54, 2017-42 I.R.B. 336 2017-55, 2017-43 I.R.B. 373 2017-56, 2017-44 I.R.B. 465 2017-57, 2017-44 I.R.B. 474 2017-58, 2017-45 I.R.B. 489 2017-59, 2017-48 I.R.B. 543

Revenue Rulings:

2017-14, 2017-27 I.R.B. 2 2017-15, 2017-32 I.R.B. 176 2017-16, 2017-35 I.R.B. 215 2017-17, 2017-36 I.R.B. 222 2017-18, 2017-39 I.R.B. 239 2017-19, 2017-40 I.R.B. 257 2017-20, 2017-41 I.R.B. 273 2017-21, 2017-45 I.R.B. 482 2017-22, 2017-48 I.R.B. 536 2017-23, 2017-49 I.R.B. 546 2017-24, 2017-49 I.R.B. 556

Treasury Decisions:

9819, 2017-29 I.R.B. 85 9820, 2017-32 I.R.B. 178 9821, 2017-32 I.R.B. 181 9822, 2017-33 I.R.B. 195 9823, 2017-33 I.R.B. 206 9824, 2017-42 I.R.B. 312 9825, 2017-46 I.R.B. 500 9827, 2017-44 I.R.B. 382 9828, 2017-44 I.R.B. 431

1A cumulative list of all revenue rulings, revenue procedures, Treasury decisions, etc., published in Internal Revenue Bulletins 2017–01 through 2017–26 is in Internal Revenue Bulletin 2017–26, dated June 27, 2017.

December 4, 2017 ii Bulletin No. 2017–49

Finding List of Current Actions on Previously Published Items ¹

Bulletin 2017–27 through 2017–49

Notices:

2015-77 Amplified by Notice 2017-40, 2017-32 I.R.B. 190

2017-10 Modified by Notice 2017-58, 2017-42 I.R.B. 326

2017-29 Modified by Notice 2017-58, 2017-42 I.R.B. 326

Revenue Procedures:

2016-27 Modified by Rev. Proc. 2017-43, 2017-31 I.R.B. 153

2016-27 Superseded by Rev. Proc. 2017-43, 2017-31 I.R.B. 153

2016-48 Superseded by Rev. Proc. 2017-48, 2017-36 I.R.B. 232

1A cumulative list of all revenue rulings, revenue procedures, Treasury decisions, etc., published in Internal Revenue Bulletins 2017–01 through 2017–26 is in Internal Revenue Bulletin 2017–26, dated June 27, 2017.

Bulletin No. 2017–49 iii December 4, 2017

Official Business Penalty for Private Use, $300

The Introduction at the beginning of this issue describes the purpose and content of this publication. The weekly Internal Revenue Bulletins are available at www.irs.gov/irb/ .

If you have comments concerning the format or production of the Internal Revenue Bulletin or suggestions for improving it, we would be pleased to hear from you. You can email us your suggestions or comments through the IRS Internet Home Page ( www.irs.gov ) or write to the Internal Revenue Service, Publishing Division, IRB Publishing Program Desk, 1111 Constitution Ave. NW, IR-6230 Washington, DC 20224.