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Superseded describes a situation where the new ruling does nothing more than restate the substance and situation of a previously published ruling (or rulings).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

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.

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.

Bulletin No. 2025–46 i November 10, 2025

Numerical Finding List ¹

Bulletin 2025–46

Announcements:

2025-19, 2025-29 I.R.B. 191 2025-20, 2025-31 I.R.B. 271 2025-21, 2025-32 I.R.B. 312 2025-24, 2025-36 I.R.B. 359 2025-25, 2025-36 I.R.B. 360 2025-26, 2025-40 I.R.B. 444

Notices:

2025-32, 2025-27 I.R.B. 1 2025-33, 2025-27 I.R.B. 4 2025-34, 2025-27 I.R.B. 6 2025-35, 2025-27 I.R.B. 8 2025-31, 2025-28 I.R.B. 14 2025-36, 2025-30 I.R.B. 192 2025-37, 2025-30 I.R.B. 198 2025-40, 2025-31 I.R.B. 266 2025-39, 2025-32 I.R.B. 308 2025-28, 2025-34 I.R.B. 316 2025-41, 2025-34 I.R.B. 325 2025-42, 2025-36 I.R.B. 351 2025-43, 2025-36 I.R.B. 356 2025-44, 2025-37 I.R.B. 386 2025-45, 2025-37 I.R.B. 388 2025-38, 2025-38 I.R.B. 392 2025-47, 2025-40 I.R.B. 441 2025-51, 2025-41 I.R.B. 448 2025-52, 2025-41 I.R.B. 474 2025-54, 2025-41 I.R.B. 479 2025-46, 2025-43 I.R.B. 533 2025-50, 2025-43 I.R.B. 542 2025-53, 2025-43 I.R.B. 624 2025-55, 2025-43 I.R.B. 625 2025-49, 2025-44 I.R.B. 627 2025-57, 2025-45 I.R.B. 692 2025-61, 2025-45 I.R.B. 693 2025-63, 2025-46 I.R.B. 709

Proposed Regulations:

REG-125710-18, 2025-30 I.R.B. 263 REG-107459-24, 2025-32 I.R.B. 313 REG-132805-17, 2025-35 I.R.B. 342 REG-108822-25, 2025-36 I.R.B. 361 REG-129260-16, 2025-39 I.R.B. 410 REG-108673-25, 2025-42 I.R.B. 494 REG-110032-25, 2025-42 I.R.B. 495 REG-112261-24; REG-116085-23, 2025-42 I.R.B. 522 REG-109742-25, 2025-46 I.R.B. 712

Revenue Procedures:

2025-22, 2025-30 I.R.B. 200 2025-24, 2025-31 I.R.B. 273 2025-25, 2025-32 I.R.B. 311 2025-26, 2025-33 I.R.B. 315 2025-28, 2025-38 I.R.B. 393 2025-30, 2025-42 I.R.B. 489 2025-27, 2025-44 I.R.B. 646 2025-32, 2025-45 I.R.B. 695

Revenue Rulings:

2025-13, 2025-28 I.R.B. 11 2025-14, 2025-32 I.R.B. 300 2025-15, 2025-32 I.R.B. 302 2025-16, 2025-35 I.R.B. 342 2025-17, 2025-36 I.R.B. 349 2025-18, 2025-37 I.R.B. 365 2025-19, 2025-41 I.R.B. 445 2025-20, 2025-41 I.R.B. 447 2025-21, 2025-45 I.R.B. 690

Treasury Decisions:

10021, 2025-31 I.R.B. 264 10031, 2025-32 I.R.B. 304 10033, 2025-40 I.R.B. 411 10035, 2025-42 I.R.B. 484 10034, 2025-43 I.R.B. 523 10036, 2025-43 I.R.B. 525

1 A cumulative list of all revenue rulings, revenue procedures, Treasury decisions, etc., published in Internal Revenue Bulletins 2025–27 through 2025–52 is in Internal Revenue Bulletin 2025–52, dated December 22, 2025.

November 10, 2025 ii Bulletin No. 2025–46

Finding List of Current Actions on Previously Published Items ¹

Bulletin 2025–46

1 A cumulative list of all revenue rulings, revenue procedures, Treasury decisions, etc., published in Internal Revenue Bulletins 2025–27 through 2025–52 is in Internal Revenue Bulletin 2025–52, dated December 22, 2025.

Bulletin No. 2025–46 iii November 10, 2025