Internal Revenue Bulletins  

August 8, 1994

Internal Revenue Bulletin No. 1994-32

There are no links to the official documents for the years 1989 through 1995. The information below can only be used as help for further research, as there is not enough information here to rely on for official guidance. For that you need to obtain a copy of the complete document.


INCOME TAX

Rev. Rul. 94-50
Federal rates; adjusted federal rates; adjusted federal long-term rate, and the long-term exempt rate. For purposes of sections 1274, 1288, 382, and other sections of the Code, tables set forth the rates for August 1994.

Rev. Rul. 94-51
Classification of New Jersey Limited Liability Company. Because of the flexibility accorded by the New Jersey Limited Liability Company Act, a New Jersey limited liability company may be classified as a partnership or as an association taxable as a corporation depending upon the provisions adopted in the limited liability company's articles of organization or operating agreement.

Notice 94-79
Countries that may require participation in, or cooperation with, an international boycott are listed.


EXCISE TAXES

Notice 94-80
A determination has been made to add di-2 ethyl hexyl phthalate to the list of taxable substances in section 4672(a)(3) of the Code.

Notice 94-81
Determinations have been made to add monochlorobenzene and ethyl chloride to the list of taxable substances in section 4672(a)(3) of the Code.

Notice 94-82
A determination has been made to add polycarbonate to the list of taxable substances in section 4672(a)(3) of the Code.

Notice 94-83
Determinations have been made to add sodium nitriolotriacetate monohydrate, diphenyJ oxide, and tetrachlorophthalic anhydride to the list of taxable substances in section 4672(a)(3) of the Cocle.


ADMINISTRATIVE

Rev. Proc. 94-53
Automobile owners and lessees. This procedure provides owners and lessees of passenger automobiles with tables detailing the limitations on depreciation deductions for automobiles first placed in service during calendar year 1994 and the amounts to be included in income for automobiles first leased during calendar year 1994.

T.D. 8553
IA-03-94

Temporary and proposed regulations under section 6302 of the Code relate to the deposit of taxes by electronic funds transfer. A public hearing will be held on October 3, 1994.

Notice 94-78
In appropriate situations, the Service will challenge transactions that attempt to use a section 664 charitable remainder unitrust to convert appreciated assets into cash while avoiding a substantial portion of the tax on the gain.

Del. Order 11 (Rev. 24)
This order delegates authority to accept, reject, or acknowledge withdrawal of offers in compromise to specific service center, compliance center, and district office officials. Del. Order 11 (Rev. 23) superseded.

Announcement 94-98
Application packages for the 1995 Tax Counseling for the Elderly {TCE) Program are, available.

Announcement 94-99
A printing error in T.D. 8540, 1994-28 I.R.B. 9, relating to the valuation of annuities, interests for life or terms of years, and remainder or reversionary interests, is corrected.


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