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Introduction

SECTION 2. BACKGROUND

Internal Revenue Bulletin 2019-2 · 2026-10-03 edition · updated 2026-10-04 · United States

.01 Modification of Discounting Rules

(1) Section 13523 of the TCJA amended § 846 for taxable years beginning after December 31, 2017. Section 13523(a) and (b) of the TCJA amended the definition of annual rate under § 846(c) and the computational rules for loss payment patterns under § 846(d), respectively. Section 13523(c) of the TCJA repealed the election that was previously set forth in § 846(e) to use the taxpayer’s own historical loss payment pattern instead of the pattern published by the Secretary.

(2) Section 13523(e) of the TCJA provides the transitional rule for the application of the amendments in the first taxable year beginning after December 31, 2017, and for subsequent taxable years (the “TCJA transition rule”). Specifically, sec

“https://www.cms.gov/CCIIO/Resources/Regulations-and-Guidance/Downloads/Authority-to-Grant-HS-Exemptions-2018-Final-91218.pdf” https://www.cms.gov/CCIIO/Resources/ Regulations-and-Guidance/Downloads/Authority-to-Grant-HS-Exemptions-2018-Final-91218.pdf ).

January 7, 2019 284 Bulletin No. 2019–02

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▸Contents — Internal Revenue Bulletin 2019-2
Internal Revenue Bulletin 2019-2

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