Abbreviations

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 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Superseded describes a situation where the new ruling does nothing more than restate the substance and situation of a previously published ruling (or rulings).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

The following abbreviations in current use and formerly used will appear in material 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.

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.

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. 2023–48 i November 27, 2023

Numerical Finding List ¹

Bulletin 2023–48

Announcements:

2023-18, 2023-30 I.R.B. 366 2023-19, 2023-30 I.R.B. 367 2023-20, 2023-30 I.R.B. 368 2023-17, 2023-31 I.R.B. 412 2023-21, 2023-31 I.R.B. 413 2023-22, 2023-32 I.R.B. 429 2023-23, 2023-34 I.R.B. 569 2023-24, 2023-35 I.R.B. 661 2023-25, 2023-37 I.R.B. 821 2023-26, 2023-37 I.R.B. 822 2023-28, 2023-37 I.R.B. 823 2023-29, 2023-41 I.R.B. 1064 2023-30, 2023-45 I.R.B. 1236 2023-31, 2023-46 I.R.B. 1251 2023-32, 2023-47 I.R.B. 1258 2023-33, 2023-47 I.R.B. 1261

Notices:

2023-29, 2023-29 I.R.B. 1 2023-45, 2023-29 I.R.B. 317 2023-47, 2023-29 I.R.B. 318 2023-37, 2023-30 I.R.B. 359 2023-50, 2023-30 I.R.B. 361 2023-51, 2023-30 I.R.B. 362 2023-54, 2023-31 I.R.B. 382 2023-53, 2023-32 I.R.B. 424 2023-55, 2023-32 I.R.B. 427 2023-57, 2023-34 I.R.B. 560 2023-58, 2023-34 I.R.B. 563 2023-59, 2023-34 I.R.B. 564 2023-52, 2023-35 I.R.B. 650 2023-61, 2023-35 I.R.B. 651 2023-62, 2023-37 I.R.B. 817 2023-56, 2023-38 I.R.B. 824 2023-63, 2023-39 I.R.B. 919 2023-64, 2023-40 I.R.B. 974 2023-66, 2023-40 I.R.B. 992 2023-68, 2023-41 I.R.B. 1060 2023-65, 2023-42 I.R.B. 1067 2023-67, 2023-42 I.R.B. 1074 2023-69, 2023-42 I.R.B. 1079 2023-71, 2023-44 I.R.B. 1191 2023-70, 2023-45 I.R.B. 1228 2023-72, 2023-45 I.R.B. 1228 2023-73, 2023-45 I.R.B. 1232 2023-75, 2023-47 I.R.B. 1256

Proposed Regulations:

REG-124123-22, 2023-30 I.R.B. 369 REG-124930-21, 2023-31 I.R.B. 431 REG-120730-21, 2023-33 I.R.B. 491 REG-134420-10, 2023-34 I.R.B. 571

Proposed Regulations:—Continued

REG-109348-22, 2023-35 I.R.B. 662 REG-120727-21, 2023-36 I.R.B. 670 REG-122793-19, 2023-38 I.R.B. 829 REG-100908-23, 2023-39 I.R.B. 931 REG-115559-23, 2023-42 I.R.B. 1082 REG-106203-23, 2023-43 I.R.B. 1143 REG-113064-23, 2023-43 I.R.B. 1144 REG-117614-14, 2023-44 I.R.B. 1193 REG-127391-16, 2023-44 I.R.B. 1214 REG-103525-23, 2023-46 I.R.B. 1252 REG-115762-23, 2023-47 I.R.B. 1262 REG-120727-21, 2023-47 I.R.B. 1285

Revenue Procedures:

2023-31, 2023-25 I.R.B. 386 2023-26, 2023-33 I.R.B. 486 2023-27, 2023-35 I.R.B. 655 2023-17, 2023-37 I.R.B. 819 2023-30, 2023-40 I.R.B. 995 2023-31, 2023-40 I.R.B. 1057 2023-32, 2023-41 I.R.B. 1064 2023-35, 2023-42 I.R.B. 1079 2023-28, 2023-43 I.R.B. 1092 2023-33, 2023-43 I.R.B. 1135 2023-34, 2023-48 I.R.B. 1287

Revenue Rulings:

2023-13, 2023-32 I.R.B. 413 2023-14, 2023-33 I.R.B. 484 2023-15, 2023-34 I.R.B. 559 2023-15, 2023-34 I.R.B. 559 2023-16, 2023-37 I.R.B. 796 2023-17, 2023-37 I.R.B. 798 2023-18, 2023-40 I.R.B. 972 2023-19, 2023-41 I.R.B. 1059 2023-20, 2023-45 I.R.B. 1221

Treasury Decisions:

9976, 2023-30 I.R.B. 354 9977, 2023-31 I.R.B. 375 9978, 2023-32 I.R.B. 415 9979, 2023-35 I.R.B. 602 9980, 2023-43 I.R.B. 1087 9981, 2023-44 I.R.B. 1174 9982, 2023-45 I.R.B. 1223 9983, 2023-46 I.R.B. 1237

1 A cumulative list of all revenue rulings, revenue procedures, Treasury decisions, etc., published in Internal Revenue Bulletins 2023–27 through 2023–52 is in Internal Revenue Bulletin 2023–52, dated December 27, 2023.

November 27, 2023 ii Bulletin No. 2023–48

Finding List of Current Actions on Previously Published Items ¹

Bulletin 2023–48

1 A cumulative list of all revenue rulings, revenue procedures, Treasury decisions, etc., published in Internal Revenue Bulletins 2023–27 through 2023–52 is in Internal Revenue Bulletin 2023–52, dated December 27, 2023.

Bulletin No. 2023–48 iii November 27, 2023