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This Directive provides direction to the Large Business & International (LB&I) examiners on what activities meet the definition of ¡°manufactured, produced, grown, or extracted¡± (MPGE) under Treas. Reg. ¡ì 1.199-3(e) for the Domestic Production Deduction under I.R.C. ¡ì 199.

LB&I directive on amended return/claim for refund relating to Internal Revenue Code Section 199 (IRC ¡ì 199)

To be used to value certain charitable interests in trusts. Pursuant to Internal Revenue Code ¡ì7520, the interest rate for a particular month is the rate that is 120 percent of the applicable federal midterm rate (compounded annually) for the month in which the valuation date falls. That rate is then rounded to the nearest two-tenths of one percent.

Non-precedential legal advice re: Proper Method of Allocation and Apportionment of Prior Period Compensation Expense Deductions Under Treas. Reg. Sections 1.861-8 and 1.861-14, Temp. Treas. Reg. Sections 1.861-8T and 1.861-14T, and I.R.C. Section 199

Generally (except for certain plans under Sections 104, 105, and 402 of the Pension Protection Act of 2006 and CSEC plans under Section 414(y)), for funding purposes, single-employer plans are required to use the 24-month average segment rates determined under Section 430(h)(2) of the Code, as amended by the Moving Ahead for Progress in the 21st Century Act (MAP-21), the Highway and Transportation Funding Act of 2014 (HATFA), and the Bipartisan Budget Act of 2015 (BBA). obÌåÓýever, a plan sponsor is permitted to elect to use the monthly yield curve under Section 430(h)(2)(D)(ii) in place of the segment rates.

LB&I directives provide industry-related and administrative guidance to LB&I examiners to ensure consistent tax administration. The directives do not establish Service position on legal issues and are not legal guidance.

These documents are prepared by field attorneys in the Office of Chief Counsel, reviewed by an Associate Office, and subsequently issued to field or service center campus employees of the Internal Revenue Service.

This page gives tax professionals a better understanding of how the IRS is implementing the TCJA law, we are providing internal training materials categorized by audiences.

These documents are prepared by field attorneys in the Office of Chief Counsel, reviewed by an Associate Office, and subsequently issued to field or service center campus employees of the Internal Revenue Service.

Legal advice signed by executives in the National Office of the Office of Chief Counsel and issued to Internal Revenue Service personnel who are national program executives and managers.