Part III – Administrative, Procedural, and›Rev. Proc. 2020-48
SECTION 5. DRAFTING
Internal Revenue Bulletin 2020-49 · 2026-10-03 edition · updated 2026-10-04 · United States
INFORMATION
The principal author of this revenue
procedure is Megan McGuire of the Office of Associate Chief Counsel (Financial Institutions & Products). For further information regarding this revenue procedure
contact Ms. McGuire at (202) 317-6995 (not a toll-free number).
Section 846.—Discounted Unpaid Losses Defined.
26 C.F.R. 1.846-1: Application of discount factors.
Applicable unpaid loss discount factors for the 2020 accident year for purposes of section 846. See Rev. Proc. 2020-48, page 1459.
Section 832.—Insurance company taxable income.
26 C.F.R. 1.832-4: Gross income.
Applicable salvage discount factors for the 2020 accident year, which must be used to compute discounted estimated salvage recoverable under section 832. See Rev. Proc. 2020-48, page 1459.
Bulletin No. 2020–49 1465 November 30, 2020
Get a plain-English answer with a citation back to this text.
Ask AI about this code